Many companies now outsource substantial portions of their technical work offshore, and your company may be considering doing so as well. Here are a few key considerations that may help companies choose the right outsourcing model, and use outsourced technical services efficiently and cost-effectively.
Through outsourcing, we typically save companies based in the US, Canada, Western Europe, Australia, New Zealand, and other markets 80% on their technical staff costs. While reducing costs by 80% is a very compelling reason for companies to outsource technical work, it isn’t the only benefit and, in some cases, it may not even be the primary reason for companies to outsource technical work. What other reasons could be nearly as compelling as reducing tech staff costs by 80%? To mention a few:Read More
In the early stages of small business ownership/entrepreneurship–and maybe beyond–there are a few tasks, jobs, and professionals you need desperately, but not on a permanent or full-time basis. Luckily, outsourcing doesn’t have the same stigma it used to and it can be a crucial part of your business. Asking permanent employees to wear multiple hats doesn’t just lead to burnout, but it’s also unlikely you’ll find a truly multi-talented candidate. People’s strengths are in various fields, and your company deserves the best on all fronts. Read More: www.inc.com
The Federal Reserve Board voted Wednesday to raise interest rates, ending close to a decade of virtually free money–and that could mean financing challenges for startups and small businesses. Read More: www.inc.com
Growth, traction, and expansion are always “top of the mind” among startup founders. However, small-business owners only have so much time and can quickly become overwhelmed by their efforts to grow a company. This can diminish founders’ ability to focus on core tasks, like building and iterating their product, app, or service. Read More: www.inc.com
Private and public investors have recently been getting back to basics, looking at headcounts, staff costs, burn rate, and profitability. ExDigita helps online technology companies meet investor expectations for revenue growth, expense management, and profitabilihty.
After managing various companies in Japan for eighteen years, the last ten years of which were spent starting up and managing online technology ventures, I relocated my online media business, Globalis Media Inc., to Cebu, Philippines in 2010. For many reasons, it has proven to be an excellent decision. One key reason is that I hire university graduates with IT degrees for 80 – 90% less than equivalent employees would cost in Japan, the US, Australia, or most major EU markets – if I could even hire the same caliber of employees in those markets. And language is not an issue, as English is widely spoken in Cebu Read More