[MBV Playbook] Ch. 40 — Outsource or Rent Assets Outside of the Core Business (#200)

In this week's episode, we dive deep into the strategic decisions surrounding outsourcing in businesses, particularly when it falls outside of the core operations. Join us as we explore the balance between cost savings and maintaining quality, through real-world experiences and lessons learned. We'll discuss the tempting economics of outsourcing technical support and other functions, the unforeseen impacts on customer satisfaction and company reputation, and the crucial calculations that guide whether to outsource or keep functions in-house.

Hear firsthand the journey of a tech firm's venture into outsourcing support services, the challenges faced, and the pivotal moment leading back to a focus on core competencies. Plus, get valuable insights on navigating new ventures and the timing of expanding business operations as you approach a planned exit event.

Tune in to gain practical strategies for evaluating outsourcing opportunities, ensuring your business remains focused, efficient, and poised for success.

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Tom Bronson is a serial entrepreneur and business owner. He is currently the founder and President of Mastery Partners, Mastery Mergers & Acquisitions, and the Business Transition Summit. All three companies empower business owners to maximize business value and serve business owners in different capacities to help them achieve their dream exit. As a business owner, Tom has been in your situation a hundred times and knows what it takes to craft the right strategy. Bronson is passionate about helping business owners and has the experience to do it. Tom has two books to help business owners on their journey to a dream exit: "Maximize Business Value Playbook," (2023), and "Maximize Business Value, Begin with the EXIT in Mind," (2020). Both are available on Amazon.
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