It’s one of the most challenging dilemmas faced by every startup, how to build capability internally while managing the cash burn rate. Increasingly, the answer is to build a two-way relationship with a business process outsourcing partner and to outsource those key business functions, which are not critical to the growth of the enterprise.
If you’re running an early-stage startup, chances are you have developed an organizational roadmap, identified the key knowledge and skill areas amongst your core team and developed a strategy to ramp up your organization’s recruitment strategy.
Why Outsource Key Business Functions
While your team’s strengths may be focused on product innovation or technology, your business still requires solid Marketing, Customer Service, Financial strategy, Human Resources, Sales and Administration expertise.
The question is, “How prepared are you to manage your startup’s day-to-day operations, while onboarding new talent or capabilities and outsourcing business functions?” Effectively outsourcing key business functions enables a startup to be average down its staffing costs while keeping your internal resources focused on business gaps in your organization’s operational ecosystem.