In this episode of "Quora Corner", David is taking on outsourcing questions from people who may be on the fence about this business solution. Because the truth of the matter is, outsourcing isn't for everyone. There's a lot of factors to consider (which we talk about in this video). We can't stress enough how important it is to understand what your business is, what it needs to scale, and what characteristics you need from your outsourcing partner to make it all happen.
Question: What are the advantages and disadvantages of outsourcing?
Q: Does outsourcing help startups?
Q: What strategies do companies use to mitigate risks with offshore outsourcing?
Q: What are your outsourcing secrets?
When you are trying to work with an outsourcing partner or you're just trying to find the right outsourcing partner, it's in my opinion, the most critical for you to really to identify cultural fit. We've seen what happens when companies that have certain values don't operate or work with a company that has another set of values or thinks differently.
02. Keep your bread and butter in house
I don't think companies should outsource something that is their bread and butter or is exactly what makes them different or unique. I think they should actually be outsourcing stuff that is secondary.
03. Know the scope and risks
So typically what happens is, companies reach out to us. They're drinking from a firehose, they are super swamped and when we get on a conversation with them and we start asking them what's going on, it turns out that there's a lot of different processes that they are considering outsourcing. If you're still figuring it out, I think you can explore and talk to different outsourcing companies and ask them kind of help you figure it out as well.
Thanks guys! I hope you found today useful. If you didn't, don't worry! We'll be back next week answering some more questions from Quora. If you can do me a favor now, and if you like what you heard, please feel free to like, share and subscribe. Otherwise, we'll be back next week with more questions and answers. Thanks!