If you want to realise your 4-Hour Work Week – as a business owner – then you better start outsourcing!
You will know what I am talking about if you have The 4-Hour Work Week by Tim Ferriss. If you haven’t, then you should read it, if you wish to run your business instead of the business running you.
Most business owners, unfortunately, are part of today’s hustle culture – a state of overworking to the point where it becomes a lifestyle. In an effort to achieve greatness, they forget the distinction between overworking and achievement. This gradually but unavoidably results in an unpleasant or even toxic workplace with a ferociously competitive and dissatisfied staff. This makes it far more difficult for the organisation to attract and keep the elite talent it needs to be competitive in the long run.
So, how can outsourcing assist in helping you achieve your 4-Hour Work Week? Simply, by shedding everything that you do, to focus on whatever you do best.
When I started my first two companies, I tried to do everything myself. I even painted the walls of our office myself! Of course, some of it was driven by the lack of finances, because my partners and I started with approximately 35 employees and no money in our pockets. But there was also the mistaken notion that we were economising.
9 and a half years later, when I started my third company, I tried to do exactly the opposite. I outsourced anything and everything that I could, and focused only on what I do best – building the core of the business – a unique and highly reliable Field Force, and delivering value to clients through it. Everything else – generating sales, marketing, accounting, etc – we have more or less outsourced.
Outsourcing is a terrifying concept for many individuals. Nonetheless, this new business model, which has been embraced globally in both the private and governmental sectors, has a number of advantages. It helps a company to meet its goals, generate value, tap into a pool of resources, and reduce risk. In other words, using external providers for anything from individual products to system management lets the firm or organisation outsource most work to focus on what it does best.
Here are some of the benefits of outsourcing and how it may help businesses achieve the 4-hour work week:
Focus on Key Activities:
Outsourcing vital but monotonous tasks allows you to spend your in-house resources on the activities that bring you money while maintaining quality and service.
Advantages in terms of cost:
The most clear and evident advantage is the cost savings that outsourcing provides. You may do your work at a reduced cost and with higher quality. Furthermore, the quality of the services supplied is good, guaranteeing that low cost does not imply inferior quality.
Save on Infrastructure and Resources:
Outsourcing minimises the requirement for infrastructure investment because the outsourcing partner is responsible for the business operations and hence creates infrastructure for them.
Provides Workforce Flexibility:
Outsourcing enables businesses or departments with cyclical demands to bring in extra staff as needed. When things settle down again, the outsourcing business may be released, preserving a corporation’s flexibility.
Sharing of Risk:
Risk assessment and analysis are critical components of every endeavour. You will benefit from their greater capacity to plan for and manage any risks if you outsource particular campaigns or processes to professionals in their respective disciplines.
You Gain Peace of Mind:
At the end of the day, choosing to outsource to a reputable individual or agency should provide you peace of mind that duties are being completed precisely and efficiently without you having to worry or lift a finger.
What could possibly be better?
About Brisk Olive Business Solutions Pvt Ltd.
Brisk Olive is a firm operated by veterans with a proven track record of providing services, through its field force of more than 23,000 ex-soldiers available pan India. Here is a 2-minute Video and a Presentation.
About the Author
The author is MD and CEO of Brisk Olive Business Solutions, a company that helps clients grow by expanding their operations across entire India. They do this through India’s largest field force of ex-soldiers. Their USPs are the dependability and expertise of their field force, which is spread across India, including in remote areas. Their services include surveys, audits, investigations, project execution, sourcing, training, promotions, verifications, and all such operational tasks at which ex-soldiers are proven to excel.