Sales gets all the credit for any successful business, but a good defense is just as important as a good offense. And in this metaphor, a good defense for you is cost management.
Fixed overhead costs and the natural ebbs and flows of demand in our industry make cost certainty a challenge for title agencies. In our final topic of the Intentional Outsourcing series, D. Bello COO Andrew Acker shares an outside-of-the-box approach to managing costs more effectively.
The finale of our Intentional Outsourcing series shares how your organization can win by deploying a title production outsourcing strategy with a purpose.
The unique challenge for the title industry is the lack of direct control we have over the demand for our product. During peak seasons, companies expand by adding more – staff, office space, equipment, and technology – to keep up. This results in bloated payroll costs and decreased efficiency during the inevitable valleys.
On the flip side, companies trying to find a middle ground between seasons find themselves slogging through sagging turn times with overworked, tired employees when demand peaks again.
There has to be a better way. How do we manage this more effectively?
In this episode, Andrew shares how working with a reliable outsourcing partner like D. Bello can help you absorb the highs and lows of both extremes. This allows for a consistent and stable workflow for your teams while ensuring you only pay for what you need when you need it. Watch the video above to learn more!