How to maintain highly profitable relationships with your outsourcing partners
Anyone who has purchased anything in the past probably has experienced buyer’s remorse – the sense of regret after making a purchase. When working with your outsourcing partner, that is the last thing you want. Therefore, you must set and manage expectations, and like you would with your employees, review their work, praise them for their accomplishments or take the appropriate action for not meeting your expectations.
Keep in mind – your outsourced partners are to bring their expertise to your business to enable your businesses to achieve some success or factors of success that you could not achieve otherwise. Therefore, it is your responsibility to ensure that they live up to it. Here are five ways to ensure you are managing your partners appropriately.