One of the challenges of running a startup is having enough employees to sustain your level of growth and productivity. A solo entrepreneur can get a lot of work done, but you’re eventually going to need other people to rely on if you want to truly grow your business and realize your business’s full potential.

Unfortunately, hiring employees can be an expensive investment. It also requires you to spend a lot of time looking for the right employee, and most entrepreneurs don’t have that luxury. That’s why freelancers and outsourced services can often make a lot of sense for a new startup but are they the only option you can rely on?

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Time is money

Most people understand that time is worth a lot, hence why they’ll recruit freelancers and outsourced services as a startup to make more time for themselves. This gives them the ability to focus on their business, such as developing new products, engaging with their audience and managing their company. This makes a lot of sense when it comes to giving your startup a boost, and it’s why companies such as Cyber Shift Technologies are so popular. Managed IT services can provide with you 24/7 tech support, cybersecurity services and even data backup and recovery.

By giving you access to so many different services, you’ll have a much easier time running your business while leaving other parts of your business in capable hands. This gives you peace of mind, it helps you grow your business and it’s a cost-effective alternative to hiring an employee.

When hiring makes more sense

However, that’s not to say that an entrepreneur should always use freelancers and outsourced services. An argument can be made for hiring employees as well, especially if you have big plans to grow your business over a long period of time.

For instance, hiring younger employees is a great way to nurture talent that could introduce new ideas to your business. On the other hand, hiring industry professionals can help ensure that your business remains stable and doesn’t make glaring mistakes that could put it at risk of collapsing. Hiring employees also helps you build loyalty to your brand, meaning your employees are less likely to jump ship when your business is going through a rough patch.

Nurturing your employees is also a huge advantage when it comes to the longevity of your business. Sooner or later, you might want to become a majority investor in your business instead of actively running it as the CEO. In this case, you’re going to want to put someone that you can trust in charge of your business, and this isn’t possible unless you start hiring early and help to grow those talented leaders.

Some final words

In short, outsourcing does make sense for new startups. However, if you’ve got plans to scale up your business and continue growing, then it’s vital to consider hiring employees as well in order to grow their talents and establish employee loyalty to your brand.