A Smart Way to Use an IT Nearshoring Model
Computers & Technology → Technology
- Author Kristina Moore
- Published February 5, 2020
- Word count 897
We all know of the famous adage "measure thrice, cut once." Here’s another one: "you gotta make money to spend money." But just like you don’t need to reinvest all of the money into your business, you can’t always wait until you have 100% of information to take a leap of faith. Sometimes, a solid 95% will do.
Any decision involving resources (whether time, money or human) shouldn’t be taken lightly. Throwing resources at your business won’t guarantee success. On the other hand, being too cautious can put a dent in your growth plans.
Investing isn't about a sudden influx of cash, nor is it something you do and forget about. It’s a tricky area where experience and strategy are very much welcome. The first step is identifying what you want to improve and figure out how to go about doing it. Whether it’s growing your revenue, efficiency, product expansion, or team - it all requires certain knowledge, experience and time commitment.
You can’t be everywhere at once
Business owners are not strangers to constraints and making do with what they have. At the same time, many of them have tasks that negate the pleasures of running their business. For some, it could be the administrative work, for others, it’s a marketing campaign or creative writing. Whatever the case, it makes excellent business sense to outsource these activities to third parties. But doing so doesn’t have to be fraught with fear and anxiety. Rather, it can unlock a number of benefits for your business.
Saved time
Sometimes you work in your business for so long, that you forgot to work on it. This is particularly true for small business owners, who get so caught up in the grind that they don’t realize their time can be freed up for more important activities.
Saved money
Expanding the team is costly: there’s overhead, rent, training, as well as accounting and taxes to consider. Consequently, you should still be mindful and avoid outsourcing work that may be easier, faster or more beneficial to perform yourself.
Saved energy
While money and time are important, your strategy in choosing what, when and how to outsource is what makes the biggest difference. It’s an energy that could be focused on everything from managing more effectively to coaching, training and instilling in your team a sense of pride and purpose.
The problem with freelancers
Inconsistency
Most of us work in different ways, and there is little consistency is the ways freelancers work, deal with feedback or handle revisions to the finished product. It makes the workflows inefficient and adds an extra layer of stress for businesses.
Inefficiency
Businesses usually operate on a tight schedule, yet freelancers tend to juggle numerous projects at once. Since they may not be available at a moment’s notice, freelancers can’t quickly react to changing directives or deadlines.
Unpredictability
Even if you do manage to build a perfect, long-term relationship with a high-quality freelancer, there’s no guarantee they’ll move on to greener pastures. Without a personal relationship or legal ties to the company, there’s less desire to stick around.
The problem with hiring more
Say you’re deliberating between adding freelancers versus expanding your team. How do you know which investment will prove to be the most financially viable? Consider all the potential cost-benefit scenarios, as well as the return of any activity and their risks.
For example, if you’re interested in redesigning a website, but there is no guarantee that the ROI of hiring a web designer and developer will net you more in six months. That’s why taking the time to research the feasibility of nearshoring a particular job is so important. Explore how other businesses performed in similar challenges and markets to yours.
The solution is near... Nearshoring
The classic definition of nearshoring is hiring workers in a country geographically close to you. Nearshoring limits cultural or time zone differences while offering significant savings over hiring in the same country. An example would be an American company hiring customer support staff in Mexico. This can be done by the company or through an IT nearshoring consultant such as Mobilunity.
Here’s the catch with the idea of nearshoring: every company is different. That’s why defining your core needs is a must to bring out any significant value out of nearshoring. Let’s say you run a marketing team and can’t afford to bring on a full-time graphic designer. You rule out hiring freelancers due to their overhead, inefficiency and potential unpredictability. Nearshoring a designer could be that ideal "sweet spot" in your situation.
Nearshoring shouldn’t take away from business goals
A robust and well-designed nearshoring strategy will save you time, money and depending on your industry, offer you a unique competitive advantage.
What it should not do is create bottlenecks in your processes and add to your stress levels. Thankfully, all this can be avoided by properly vetting your nearshoring service provider. Create a playbook or guideline for remote employees to streamline communication with your team. This can iron out a lot of misunderstandings and make your processes more efficient.
Properly implementing nearshoring has the power to impact your revenues, operations and profits. Just be sure to "measure thrice" before making any large human resource decisions.
Kristina Moor is a marketing manager and an inspired blogger in the software development company named Mobilunity.
She specializes in analyzing of the IT nearshoring model of work.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Top 10 Features You Didn't Know Existed in Product Configurators for Business Central
- From Paper to Digital: Transforming QA with Dynamics 365 Business Central
- How AI Content Moderation Keeps Your Brand Afloat
- the best metal detector
- You’re probably not ready for AI. Guide to K-12 data collection.
- Elevate Your Business Central Experience with Free Barcoding Integration
- Choosing the Best SMS Gateway Provider: 5 Essential Features for Success
- Designing Easy to Use Software: Understanding the Basics of UX Testing in Quality Assurance
- The Link: Merging Brains and Computers
- Machine translation vs AI translation: What sets them apart?
- Navigating the Path to Data Excellence: A Guide to Choosing the Right Power BI Consultant with GTH Cloud 365
- The Future of AI: Exciting Times, Big Questions
- The Evolving Landscape of SEO in 2024: Navigating the Digital Frontier
- Customize Your Gaming Console To Optimize Your Gaming Experience
- Data Recovery Complications
- Unveiling the Power of Digital Platforms
- Revolutionizing Connectivity: Digital Transformation in the Telecom Industry
- An Introduction to MacBook Pro
- Cultivating Efficient Partition Management with NTFS Recovery Toolkit 23
- Create Business or Personal Disk Replication with Active@ ISO Manager 23
- Essential Phone Security Tips for Your New Gadget
- Never lose your data again due to a lousy format. Use Active@ UNFORMAT 23
- Generative AI Aims to Bring Efficiency to the Production Process
- The Developer's Dream: AI-Powered Software Solutions Unveiled!
- BLOCKCHAIN TECHNOLOGY
- Unlocking Peak Efficiency: The Ultimate Guide to AI Productivity Accelerator
- AI-Powered Applications in 2023: A Year of Lessons and Reflections
- What exactly are metaverse domains?
- Virtual and Augmented Reality (VR/AR) in Videos
- Streamline Operations and Enhance Patient Experience