How to increase your business capacity without breaking the bank!

Winning new clients should be an exciting part of growing a business. And yet, due to the current climate, this rising demand is often met with limited resources and labour shortages. So, what's the solution?

Throughout this article, we'll explore how outsourcing (and offshoring) can help you increase your capacity without breaking the bank!

What is the difference between Outsourcing and Offshoring?

Outsourcing is when a business hires a third party to perform tasks in order to improve efficiency and cut back on costs. Think of this as hiring freelancers.

Offshoring, however, is when a business bases some of its in-house operations overseas. By moving entire processes overseas (i.e. manufacturing or customer services), they're able to source cheaper labour and gain access to a much larger talent pool. 

Both options serve as a cost-effective solution to labour shortages and fulfilling increasing demands.

4 ways outsourcing can increase your capacity

Now that we understand what outsourcing and offshoring are, let's explore how they can help your business increase capacity:

1. Expanding your skillset

We all understand the importance of identifying and remedying gaps in our workforce. However, hiring and training specialist staff comes at a cost. So, what's the solution?

By outsourcing global talent, you're able to employ highly skilled professionals for just a fraction of the cost. In turn, you can address any gaps in your workforce and leverage their talents to expand your services and attract new clientele. 

 2. Boosting productivity

By assigning repetitive tasks to your external team members, you can save a lot of time otherwise wasted on labour-intensive, lower-value tasks. As a result, you're able to boost your existing teams' efficiency and engagement, scale your overall output and ultimately increase your capacity. 

3. Facilitating 24 hr operations

Many people are hesitant to outsource global talent because of the time difference. What they don't realise is that this can actually work in their favour!

By outsourcing a global team, you're able to extend your working hours and potentially operate 24-hours a day. In turn, you have the opportunity to accept a lot more work and expand your client basis. After all, you've practically doubled the number of hours in your working day!

4. Offering fast and flexible labour solutions

Labour shortages are placing a real strain on businesses at the minute. Thankfully, outsourcing provides a fast and flexible solution to this problem!

By hiring freelancers, you're able to continue growing your business, fulfilling demand and satisfying customers. What's more, these flexible contracts come with no strings attached, giving you the freedom to adjust your external team to match your capacity and workload.

Expand your team to increase capacity 

Instead of surrendering to your current circumstances, try expanding your horizons (literally) by outsourcing global talent. 

Outsourcing allows you to scale your business, increase your clientele and reach your highest potential - all for a fraction of the price of hiring internally. 

So what are you waiting for? Offshoring could be the beginning of your global enterprise!