How do young entrepreneurs use outsourcing to expand their business?

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Julian is an internet entrepreneur with several years of experience in online project management. In this article, he advises young entrepreneurs on how to use outsourcing to help boost entrepreneurial success in the start-up process to see his recommendations:

People of all ages face a variety of challenges in choosing to start a business, but these challenges are even more daunting for young people. Time is a limited commodity to them. Because these young entrepreneurs have to work hard to balance college courses and jobs, others need to work hard during the day to continue their "entrepreneurial work" after work.

Young entrepreneurs are often involved in various business ventures, so it is important to develop a project management plan to help you focus on the most important things. Perhaps at this point, someone may ask, how can you tell the most important task?

Analyze your core strengths and key tasks in accordance with the "28 principles"

The so-called "28 rule" was proposed by an economist who pointed out that 80% of the wealth of society was created by 20% people. The "28 rule" has now been used in many other areas, and not just in the area of income and economic output. Some people use it for work teams, thinking that 20% of the employees are responsible for 80% of the company's total job. This also applies to customers, with 80% of your total profit coming from 20% of customers.

Similarly, you can use the "28 rule" to evaluate your suppliers and the products or services involved in your business, see which business provides the most revenue, and then weaken or throw away other business. You can also apply this rule to customer and customer management.

To make sure that your efforts are at the top of your work, you can use the "28 rule" to determine which jobs are the most rewarding in your day-to-day work. and the jobs you list are usually the jobs you like, and they usually have a core advantage, which is why these jobs and tasks are the most productive. Then you will focus on these 20% of jobs, projects, and then consider the remaining projects, work assignments or outsourcing.

Help push successful Outsourcing

Outsourcing will be a huge boost for your startup, it will ease your stress and increase your satisfaction. When you start a business, outsourcing is the most advantageous way to do it. In those who consider outsourcing, you have to consider which one is the first to outsource. The task you feel best suited to outsource may be the first two or the top three tasks you most need to complete quickly, or perhaps the least familiar project or the most feared project.

Next, what you need to do is identify the person who is best suited for the job. It's important to identify their skills and experience with the business and how long you think it will take to complete the job and what your budget is. Also realize that the cheapest labor does not necessarily have a perfect result. In fact, those who are expensive are always worth the price. Remember to do a good job of budgeting to ensure the ultimate quality, not wasting time and money to rework or outsource the same work again.

Find the right outsourcing candidate

The best way to find the right outsourcing candidate is to look through relationships and let your friends know that you are looking for an outsource and to play your social networking advantage. At the same time, you can also post on the job search platform or on a range of websites to match freelancers seeking part-time jobs.

Online Outsourcing Resources

The most popular online outsourcing sites now include: elance.com, Freelancer.com, Odesk.com and guru.com. These outsourced sites are based on a bidding mechanism in which you create a project that lists your job requirements and then the freelancer bids the project. Some of these sites, such as elance.com, allow you to specify the project completion time and cost. Most provide management project tools, collaborate with competing project workers, monitor their progress, and pay for costs.

Other sites use different pricing models, such as 99designs sites, specifically for graphic design, and its operating mechanism is: you describe what you want to do with simple ideas, and then the designers create the work to compete, and it's up to you. You only need to pay for your chosen work.

Others, such as fittytown.com Web sites and fiverr.com sites, adopt a unified pricing model. One side of the sale can list their services and offer a uniform price on all sites, while the party requiring the service can simply buy the services they are interested in.

No matter which channel you use, you will need to use Skype or other video session tools to arrange for a virtual interview to examine each bidder and determine the likelihood of cooperation.

Work with your outsourcing partner

Once you have selected your outsourcing partners, make sure they have the tools and details to do the job. You also need to create standard communication groups and data-sharing tools. For hours of work, you also need to take a way to remind freelancers of time issues. If you use an outsourced website, most of them have already provided these tools to help you complete the project. If you plan to let outsourced partners take on more tasks, it takes time to instill effective workflows, improve productivity, and build good relationships with them.

The final step is to devote yourself to the promotion of business. This way, you can stop bothering about what you don't want to do, and you can focus on doing what you love to do, especially in terms of business development. Your business may be limited in time and resources, and now you have more time and resources in any area. (Compile/Hiroshi) Via:under30ceo