As a business, it’s crucial to rely on other businesses in order to get what you need to do your job properly.
Whether it’s securing the right supplier for your goods or finding the best drop-shipping service for your needs, it’s always a good idea to look around for the best service you can. Since you’re a company yourself, you should know what type of service you’re looking for and the quality that you deserve, and many businesses fail at aligning themselves with the right third-party companies.
Whether you’re looking to hire the right freelancers to help you with creative tasks or if you’re aiming to bolster your social media presence with an outsourced community manager, we’ll be going through a couple of things to look out for to determine if you’re getting your money’s worth in third-party services.
Are you paying the right price?
It might be hard to put a price tag on a service (especially when it comes to freelancing) but if you ever feel like you’re not getting your money’s worth, then you might want to take a look at alternatives to see if there are cheaper options out there.This is one of the best ways to reduce your running costs, but you also need to keep in mind two important points.
Loyalty does affect the quality and pricing
Contrary to what many people believe, your relationship with another company will affect the pricing and the quality of service that you get. This is why it’s important to shop around for deals and partnerships early during the lifespan of your business because building a professional relationship will help you secure better deals and better service.
For example, if you want quality service from a powder coating business that is part of your production chain, then sticking with the same service throughout the years will establish a solid working relationship where you can both rely on each other.
Never sacrifice the customer experience
Whatever you do to try and reduce the costs of your business, never sacrifice customer experience and quality of your services or products just to save money. Caring about the customer experience pays off and it’s essential that you do not reduce this customer experience. For instance, if you’ve found a cheaper supplier for raw materials that will drastically reduce your production costs, then you need to first run a trial to see if there is any difference in the quality of the end product. If there is, then your customers will notice and will be upset that you have lowered your standards, and this could hurt your business immensely.
Does your office space fulfil your needs?
Take a look around you and ask yourself if your office is proving to be a worthwhile base of operations for your business. If you find yourself constantly cramping new recruits into small cubicles or dealing with constant repairs due to the poor structure of the office, then it might be time to upgrade.
When we first start our businesses, it’s typical to choose a low-budget option when picking an office. This is because we want to be able to save as much money as possible and pour all of our capital into growth. However, as your business grows, you’ll eventually need to pick a new office space for several reasons.
More space for you and your employees
Small offices are cheap–there’s no denying that, but sooner or later you’re going to need more space for your company and you can only do this by relocating or expanding your office. Building extensions are expensive and require intricate planning, which is why it’s much better just to pack up, leave and find a larger office to move into.
Better recruitment opportunities
We can’t be picky with our startup office location because we’re limited by price. However, sooner or later we’ll notice that the talent around us may not be what we’re looking for. If you move your office to a more prime location such as the inner-city where there are more potential recruits, you’ll have a much easier time securing talent to work in your business.
Lowered running costs
Yes, a new office is going to cost you more in rent, electricity and other static bills. However, if you’re currently working in an old office with poor internet or amenities that are in a constant state of repair, then you’ll end up saving a lot of money in variable running costs. These include repairs, heating, security and even food costs.
Give yourself a much-needed change
Revitalising the business by moving into a new office space is a fantastic way to give yourself a much-needed change to align with new developments in your business. For example, moving to a new company could signal a new stage of growth in your company or it could symbolize your success.
Proximity to other businesses
Surrounding yourself with local businesses is the key to getting the right services. By moving to a location with more potential clients and companies to do business with, you have a higher chance of growing your company.
In short, if you’re not getting the space and service that your company deserves due to your office and its location, then you may want to consider moving.
Some final words
Many business owners neglect the idea of equipping their businesses with the right services. With so much to think about such as marketing strategies and ways to grow your company, it’s inevitable that you’re going to miss out some important aspects of business growth.
However, if you align your company with the right clients and third-party services, growing your business becomes a much simpler task and it can drastically change your running costs.
If it’s been a while since you last looked at the services that you rely on, it might be time to examine them to see if they’re offering you the best deals or if you could look elsewhere.