Outsourcing is typically, done when it becomes impossible to focus on each and every aspect of running a business. Here are some of the scenarios when outsourcing could be a solution:
1. Lack of skill sets – When you can’t find an in-house talent having a certain set of skills or competencies, consider a lateral hire who has already undergone the required basic training.
2. Too many things to do – When you have too many things on your plate to decide that can affect the outcome/quality of outcome and your peace of mind, outsource less challenging and certain administrative tasks. Else, find tools to automate these tasks.
3. Affordability – Sometimes, outsourcing could be cheaper and sometimes, it could be expensive. See which one you can trade in at that point of time considering your short-term and long-term goals.
Keep in mind that prioritization and knowing what you want is the key here.