Derek Gallimore welcomes back the president and CEO of Pentwater Group, Warren Walborn. Far from a st Read more [...]
Article Category: Article
I’d like to welcome you to my world…
Seven billion potential employees
Outsourcing is fast changing the world! Are you riding this wave? The world is now flat, and borders are becoming irrelevant. There are 7,600,000,000 people on this planet, most of which earn less than $200 per month.
Labour is the cornerstone of any business – without people you simply can’t build a business. So the fact that there are 7.6 billion people out there looking for a job, can be both a good, and bad, thing.
Early into business
I started in ‘business’ when I was as young as 17 years old, when I became self-employed. By 24 I started property investment and development, and it went from there. I’ve always had a passion for business and entrepreneurship.
Arriving in London at 23 I realised how high the salaries were in this city. By that time, I had visited many other countries where the average worker was working harder, and earning tenth of the money. Getting anything done in London was simply super-expensive – there had to be a better way.
Welcome to outsourcing
I certainly didn’t invent the internet or outsourcing; but as soon as soon as hiring remote staff in cheaper foreign countries became an available and viable concept, I jumped onto it.
The world is becoming more connected and enabled by internet and communications. The world is moving from physical work to intellectual work. This means that more jobs can be executed remotely. Because of my travels I consider the entire world as my sandpit, employee catchment and marketplace.
Any business is compelled to seek the most efficient solution for a need. For many businesses, the staffing cost is one of the biggest cost centres. So, it makes sense to explore which roles can be done remotely, by equally skilled people (in cheaper economies).
There’s an incredible opportunity to save 70% on staff costs, whilst also expanding your business beyond your wildest dreams. In the short term, the “West” might lose some jobs, but opportunities will be created through the freeing up of time and resources – this is abundance! Meanwhile the developing world will have more opportunity to access reasonably paid, and safe, work, and to educate themselves and their families (read more on how outsourcing is a win-win).
What’s the problem?
So why aren’t more people, like you, outsourcing? It’s because there’s a huge knowledge-gap and culture-gap… For many business owners, the concept of hiring someone far far away, is still just a little too weird.
I’ll be helping close these ‘gaps’ over the next few days.
It’s my mission to help others get into outsourcing. It’s great for you, and it’s fantastic for those you employ!
Over the next I’m publishing four more posts outlining my biggest discoveries and epiphany moments with outsourcing and how to maximize it for your business success.
Next, i’ll tell you how I got ‘stuck’ in the third world – you’ll be amazed by what I found: “My outsourcing journey [2/5]: I woke up In the Third World”
Read the full five-part journey
Read the whole story of my journey into outsourcing: