How do I know when to outsource some of my business functions and when to employ staff?

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Key stakeholder relationships (as alternatives to employment) that need to be carefully considered when established and cared for in order to allow the business to grow.

These could include agents who work on commission, distribution partners who profit share, freelancers to assist when there is a need or task / contract or suppliers such as bookkeepers or IT providers.

When the nature of the work is that there needs to be exclusivity from a confidentiality or workload point if view – employment could be a better alternative. Businesses that establish the necessary structures and contracts to manage relationships well have fewer disputes and more success.

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