OtterBox founder and CEO Curt Richardson created the first prototype of a waterproof case in his garage in the early ’90s. Since then, OtterBox has evolved into a leader in protective cases for mobile technology. Richardson discusses the cost benefits of outsourcing tasks by growing companies in their early years.
As a young company, there really isn’t an option to hire employees for a lot of core functions. There just isn’t the income to do so. Instead, you have to buy resources that are critical to surviving the start-up phase that you cannot successfully do yourself. Is it a core skill? If not, you should probably purchase some time from an expert to handle it.
When the amount of money spent to purchase a resource reaches about one-half or three-fourths of what the wage for an employee would be, then it’s probably time to hire one. While it’s not a directly comparable cost, you will be getting all of the focus and attention of your employee rather than a billable portion of time from your hired expert.
Learn more at via When You Should Be Outsourcing.
Reach out to a representative of vPrompt eServices to discuss the ways in which the outsourcing of some tasks can help your business grow and thrive.