What to expect for the rest of 2020, or how will outsourcing save your business?
By: Vsevolod Ulyanovich
Tags: Business Strategy, Sustainability, Software Development, Startup, Outsource

What to expect for the rest of 2020, or how will outsourcing save your business?

When the last office is empty …

In mid-May, Twitter employees received a letter from Jack Dorsey, CEO of the company, that from this day on they are allowed to work from home, even when the coronavirus pandemic ends. Since March, employees of such companies as Google, Microsoft and Amazon work remotely. Do we really have to forget about working in the office forever? Let’s make this out.

That’s how it started

Modern business has many faces and many forms to exist. Alongside with them there are a bunch of time-tested mechanisms and strategies that could provide growth to your company. Those things that once seemed more gimmicky now are not able to cause even the slightest surprise among business owners.

Something similar could be heard about outsourcing in the early two thousands, but definitely not today, when it became one of the most important innovations having gradually sneaked in all the spheres of business.

According to Statista the global outsourcing market reached $85.6 billion in 2018 and it is still gradually growing.

So, how could it happen that every year more and more companies, be it a start-up or an enterprise, deal with outsource agencies. And the most important, why it’s so effective nowadays and how it could increase both profitability and sustainability.

Is modern technology always expensive?

First of all, when you share the work with outsourced specialists, it is highly likely that the people you’ve chosen have an appropriate level of expertise in their field. In the modern world, it’s much easier to find an outsourcer than to look for a person to employ in your office. By the way the traditional method requires more steps to complete and simply more complicated.

One of the most valuable privileges of hiring outsourcers is that you are able to choose from really affordable specialists. So why not to stop cutting corners and start building an already profitable business while staying within your budget? All the expenses on finding a contractor are minimal while the variety of aggregating platforms is utterly large.

Apart from that, the outsource market provides not only qualified specialists, but also cutting edge technologies. Today it’s more than crucial to keep up with the progress, since this particular aspect could easily ensure the future days of prosperity for your business.

And before you leave to estimate your potential profit let me tell you a couple of words about communication with outsourced teams.

Well, while it’s not rocket science there still remain some peculiarities you’d better be aware of.

At the moment, there are dozens of ways for you to communicate with your remote specialists. At your disposal is a small mountain of instant messengers, a truckload of project trackers and dozens of video conferencing services. It’s almost as easy as oldy worldy face-to-face communication.

All the tips and tricks related to successful dialogue between the company and outsourcing teams you can find in another article from our blog.

How does competition shape the market?

Speaking of, what should you expect from the people you hire for your company? If once before the market of outsourcing services could cause some concern, now it is not just a promising, while not yet time-proven function, but a full-fledged, one hundred percent working tool. And to ignore this business-developing power, thinking that it’s an unchartered territory, is the great misbelief.

There is huge competition in the market, so it would be naive to believe that someone, say, will try to run their hands in your wallet, not caring about expectable damage for the reputation. The highest possible honesty and absolute transparency are the pillars on which the trustworthiness of any outsourcing company is based. And for greater reliability, there always exist independent aggregator-sites on which you can read customer reviews of the hired teams.

In broad lines, having dealt with the concept itself and its features, let’s move on to making forecasts. While the future is uncertain, together we will try to get through and clarify what it holds.

The formula for success of modern business

The fact is that our world has never been a safe haven.

With the widespread expansion of the Internet and, consequently, the emergence of reliable and at the same time cheap means of communication, the business began to go online. Having obtained that new agility, businesses started to delegate all the non-core functions to white-collars all around the globe, since it was cheap and easy to a certain extent. E-mails and cloud services were appearing on the sidelines of financial crises — and the golden time never lasted long.

That’s why your business should be both AGILE and ADVANCED.

This is especially true for small companies, where the “parachute-for-a-rainy-day” scenario case does not always exist. Most of all, economic instability will affect those firms that tend to put all eggs in one basket.

Freelancing specialists is exactly the key that will give you the necessary business agility and technological advancement. If your team consists of people living in completely different parts of the world, you can always choose, and your choice will not be limited to the city in which your office is located. Choosing more suitable specialists who cut specifically for your tasks, you optimize both the work of your company and your budget.

In the report prepared by Clutch it’s shown that small companies have a tendency to hire outsource specialists for highly technical issues demanding specific skills. IT services are among the top of the list.

Most Commonly Outsourced Business Processes (according to Clutch.co research)

“The time is out of joint… “

This approach seems extremely relevant especially for today. Different countries impose different restrictive measures, which critically affects the local economy. If all your employees lived and worked in one place, then all of them will be influenced by the same restrictive measures. If they were spread around the world, the tide of such measures would be evenly stemmed in accordance with the geography of your employees.

In addition, while one local market is in decline or recovering from a crash, other more relevant markets around the world always remain open to your business. Your strategies and your capabilities can line up in thousands of combinations of all kinds. The borders for your business cease to exist in every way.

Therefore, we can safely assume that outsourcing is our future, and some did not even notice how it came about. Bet on outsourcing now and in the future you will reap the fruits of your forethought instead of punching the air.

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We also recommend that you consider the outsource market of Eastern Europe. This is a stable region in which a huge number of qualified specialists work. Reasonable prices and proper personal approach make this market especially attractive for any business that requires an IT solution.

Fively is a software development company that is firmly rooted in the field of East European IT industry. Having a great number of successfully launched projects and being a strong performer for a good while, we constantly perfect and seamlessly follow most recent trends to deliver sparkling products for your business.

Contact us to get a FREE consultation on all your questions regarding web development and mobile application development.

You can also estimate the approximate cost of your project via EstimateMyApps web-site.

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Also, I’m always glad to answer your questions, feel free to reach me here:

E-mail — vsevolod.y@5ly.co

LinkedIn — https://www.linkedin.com/in/vsevolod-ulyanovich-a17337190/