Play with others - it pays
One of the fascinating things about being in business is learning about other people's businesses. The best approach to a service-based enterprise is to fit your service around your client's needs, and those vary based on that client's own industry. I don't need to be an expert in your field to make my service work better in your environment -- but the more you clue me in to the nuances of it, the better I will be able to foresee problems and opportunities as it relates to delivering my service to you.
To me, this is one of the things that makes "farming that out" a very viable and exciting idea. Sure, there are things you will always prefer to do yourself, to handle in-house, but if Joe's Shipping can handle your deliveries better, cheaper and with more accurate record-keeping than you or your people can -- well, by all means, Joe is the way to go. If Martha's Marketing can bring in additional leads that your sales force couldn't (or bring you qualified leads that your sales force can then close more quickly), well, you should look at the profitability of working with Martha. And if Joe and Martha are smart, they will look at how your business works so their service will be even better for you.
When you focus on what your business does best, and your partners play to their strengths for you, everybody wins.
To me, this is one of the things that makes "farming that out" a very viable and exciting idea. Sure, there are things you will always prefer to do yourself, to handle in-house, but if Joe's Shipping can handle your deliveries better, cheaper and with more accurate record-keeping than you or your people can -- well, by all means, Joe is the way to go. If Martha's Marketing can bring in additional leads that your sales force couldn't (or bring you qualified leads that your sales force can then close more quickly), well, you should look at the profitability of working with Martha. And if Joe and Martha are smart, they will look at how your business works so their service will be even better for you.
When you focus on what your business does best, and your partners play to their strengths for you, everybody wins.
