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Home Business & Finance Entrepreneurship

This Strategy is the Key to Scaling Your Business | Entrepreneur

November 13, 2024
in Entrepreneurship
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This Strategy is the Key to Scaling Your Business | Entrepreneur
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Opinions expressed by Entrepreneur contributors are their own.

Leaders need to think outside the box to grow effectively. Scaling up doesn’t just mean increasing the headcount. An agile, high-quality and efficient system must be established.

A wise move for the new year would be to implement an offshore staffing strategy. This can lower operating costs significantly, enabling your company for quick expansion. I can confidently say this strategy is a game-changer. It allowed my business to innovate and thrive without being tied down by traditional limits.

It’s time to move beyond geographical barriers and reimagine what scaling truly means for your organization.

Borderless workplaces to propel business growth

A conventional mindset will tell you that the workplace is a fixed physical space. Guess what; it is not. Borderless workplaces are the next step for businesses wanting to scale intelligently.

Why limit your talent search to a small local radius when you can tap into the best people worldwide? The biggest advantage of adopting a borderless model is the flexibility it provides. You can assemble a global team that keeps your company resilient and adds a layer of diversity that pushes innovation. This is not a theory; I’ve seen the impact of this in my business. When my company implemented offshore staffing, our business could be operational around the clock without burning out our core team. This allowed us to pursue growth opportunities and stay ahead of our competition.

Of course, managing a global workforce may be challenging at first, especially when it comes to maintaining consistent communication and bridging cultural gaps. The key to overcoming these challenges lies in empowering teams and establishing clear operational processes.

A culture of trust ensures remote employees are proactive rather than passive. While structured processes provide the framework, it’s trust that drives results.

Cut costs, boost efficiency

Every leader knows that to grow sustainably, you need to make the best use of your resources—and cost efficiency is at the heart of that. Offshore staffing helps you reduce costs significantly while retaining quality. Some may find it a cheap move, but those are the people who miss the advantage of smart spending.

Instead of overloading your core team with everything from strategic tasks to operational duties, offshore staffing lets you allocate work. Your core team can focus on activities that grow the business—like product development and customer relationships—while offshore professionals manage specialized or routine tasks.

Our company specializes in outsourced accounting, IT support, customer service, and many other areas. Once we did that, we turned around and offered those same services to our clients. The financial benefit wasn’t just in saving on wages. It encompassed maximizing productivity and keeping our top talent engaged in high-value activities.

I remember when we brought in an offshore content strategist to revamp our marketing approach. Her insights led to a 300% increase in lead generation within months. The cost of onboarding her was far lower than a local hire, but the real win was accessing her expertise precisely when we needed it most. It was an immediate impact without the prolonged onboarding typically required for local hires.

Offshore staffing also provides a significant boost in efficiency by extending your working hours. With teams across multiple time zones, you effectively gain a 24-hour workday. Your local team might be clocking off, but offshore teams are picking up where they left off, which means projects are completed faster, and market opportunities can be seized. This model has allowed us to cut down on project timelines, reduce delays and maintain a steady pace of innovation.

Related: Why Remote Work and Offshore Talent Are Becoming Essential for Businesses

Gain a competitive edge with offshore strategy

Gaining a competitive edge entails making the most of all potential advantages. One that you can use right now with offshore staffing is access to a more diverse talent pool that can completely transform the possibilities for your business.

While this may, at some point, be about saving money, smart business leaders understand that it’s about scaling capabilities and building a team that evolves with your needs. Imagine building a development team in a region like Mexico or India. You can reduce labor costs significantly and benefit from shared working hours that simplify collaboration and speed up project cycles.

We built an engineering support team in the Philippines and India, and the results were outstanding. Their working hours aligned with ours, which allowed for seamless collaboration with our core engineering team. We reduced costs and reinvested savings into customer acquisition.

Furthermore, a successful offshore staffing strategy requires cultural integration and alignment. Offshore employees need to feel like they are part of your core team, not just as support on the periphery. To make sure our offshore employees are in line with our business’s objectives and values, we take the time to invest in onboarding, cultural training and regular team check-ins. This made our offshore staff feel more engaged and contribute more genuinely to the company.

One mistake I’ve seen others make is treating offshore teams as “disposable” labor. Offshore staff are a crucial extension of your workforce. You are meant to value their contributions, offer growth opportunities and integrate them into your core mission, just like how you treat your local employees. This will create loyalty and retain skilled individuals who drive your success. A unified team—whether local or offshore — is your competitive edge.

Related: Your Most Pressing Offshoring Questions, Answered

Scaling smarter

Scaling a business meaningfully and sustainably can be challenging and requires more than ambition. Offshore staffing enables the flexibility and efficiency needed to thrive in today’s fast-paced market. It grants you the ability to manage expenses while growing productivity, operating beyond regional boundaries and developing a diversified and highly-skilled workforce.

Carefully consider how you may employ offshore staffing to further your growth objective as you plan for the coming year. This is your chance to build a workforce that is more capable and profitable. Take down the barriers, tap into global talent and scale without limits. Make the move to go borderless, not because it’s trendy, but because it’s a strategic necessity for modern growth.

Tags: Business CultureBusiness IdeasBusiness ModelscollaborationGrowing a BusinessGrowth StrategiesLeadershipOffshoring
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