THE BACKGROUND 20 years ago the BIG corporate businesses outsourced their very structured processes to countries that have a pretty good education system and LOW WAGES – like $100 a week. This developed a competitive edge over smaller businesses. 10 years ago Employment portals – like oDesk came along. Suddenly Smaller employers in […]
Tag: offhsoring to the Philippines
Offshoring vs Outsourcing what’s the difference?
I’ve had a few people ask me this. Outsourcing It is when you give all or part of a business process to a third party who run the process, giving you back the result. Most of us outsource our Accounting to an Accountant. 20 odd years ago big corporates outsourced complete processes like all their […]
Entrepreneurial Practicality and Strategy: How I Saved my Business from Crisis
For over 20 years of being a start-up entrepreneur, we enjoyed a constant profitable year on year growth. From a humble investment of $200, we managed to bootstrap to $30 million in revenue with 500 employees. All was well until – the Global Financial Crisis. The GFC caused 60% reduction in our market activity. […]
6 Tips to Avoid Common Business Mistakes in Getting Low-Cost Employees
It’s actually very easy to hire staff in the Philippines with amazingly productivity, who are paid about $120 a week. These staff members are all educated in English with university degrees. But like anything, there are traps and issues. Most mistakes come from lack of understanding of the critical success factors when getting low-cost employees. […]