creating maximum leverage & profitability in your business (outsourcing)
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Creating Maximum Leverage & Profitability In Your Business (outsourcing). Clifford & McNally. Who am I & why should you listen to me. Built a multi million dollar business that sold services direct to SMBs (Everon) - PowerPoint PPT PresentationTRANSCRIPT
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Creating Maximum Leverage & Profitability In Your Business
(outsourcing)
Clifford & McNally
www.LocalIncomeLab.com
Who am I & why should you listen to me
• Built a multi million dollar business that sold services direct to SMBs (Everon)
• Built standardized offerings to allow for industry leading GM and bottom line performance
• Lead process automation & outsourcing that has created millions of dollars in savings across multiple businesses
• Willing to share 10 years of hard learned lessons servicing SMBs
www.LocalIncomeLab.com
5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your team5. Leverage the fact that it is easier than ever to
find and work with people form around the globe!
www.LocalIncomeLab.com
Think Globally
“Globalization has changed us into a company that searches the world,
not just to sell or source, but to find intellectual capital – the world’s best
talents and greatest ideas.”- Jack Welch
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Hire the best person in your city for the job?
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Hire the best person in the world for the job?
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Cost & talent advantages to thinking globally!
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Cost & talent advantages to thinking globally!
www.LocalIncomeLab.com
5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your team5. Leverage the fact that it is easier than ever to
find and work with people form around the globe!
www.LocalIncomeLab.com
Profitability Leverage Formula
Leadership + Talent +Tools &
Automation = Success
PeoplePeople
FinancesFinances
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Profitability Leverage Formula
Leadership = you or a key member of your team
Lead-er-ship, n. –- The action of leading a group of people or
organization
Synonyms -guidance – direction – management - command
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Profitability Leverage Formula
Talent = outsourced team
Tal-ent, n. –- Natural aptitude or skill. A person possessing
such a talent or skill
Synonyms -Gift – ability – genius - capability
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Profitability Leverage Formula
Automation & Tools = you & your team
Discovering –- Software & procedures that allow work to be
completed cost effectively and effectively
Educating –Talent on how to use software & procedures to complete work
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Profitability Leverage Formula
Success = profitable growth for your business
www.LocalIncomeLab.com
5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your team5. Leverage the fact that it is easier than ever to
find and work with people form around the globe!
www.LocalIncomeLab.com
Invest in building a global team
How to find good outsourcers
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Invest in building a global team
Hire outsourcers the same way you hire a regular fulltime employee
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Invest in building a global team
Sourcing
Filtering
Interviewing
Offer
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Invest in building a global team
Job request is critical• Culture & ongoing expectations• Investment in working together • Looking for regular work• Skills necessary• Give them a hurdle
Sourcing
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Invest in building a global team
Cut through the noise• Eliminate anyone that skipped the hurdle• Make additional requests of candidates• Evaluate communication skills in the process• Interview as many candidates as you can• Think about running a contest
Filtering
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Invest in building a global team
Know your key requirements• Communication
– Language– Responsiveness– Expectation setting
• Availability • Demonstrated ability
Interviewing
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Invest in building a global team
Offer based on• Testing period• Job Specifics• Success criteria• Rate / cost (fixed)
Offer
www.LocalIncomeLab.com
5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your
team5. Leverage the fact that it is easier than ever to
find and work with people form around the globe!
www.LocalIncomeLab.com
Create systems & procedures
Be specific about the results you expect and the steps that should be taken to produce success
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Create systems & procedures
Create specific deadlines & schedules for tasks & work production
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Create systems & procedures
Provide specific reporting & progress requirements
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Create systems & procedures
Provide automation tools & best practices for successful completion of the tasks and project
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Create systems & procedures
Inspect & monitor what you expect
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Typical outsourcer experience
My goal:
I need a peanut butter and jelly sandwich created
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Typical outsourcer experience
In interview this guy:
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Typical outsourcer experience
In interview this gal:
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Typical outsourcer experience
And a few more folks:
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Typical outsourcer experience
I select this gal to get started because she has a great portfolio, great experience, great communication skills, and will be done by next Thursday which I need
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Automation & Tools:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Typical outsourcer experience
Results:
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Create systems & procedures
The key to avoiding the typical outsourcer experience!
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Working with outsourcers
Let’s look at the details
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Working with outsourcers
Identifying which processes to outsource
Start with these:– Repetitive tasks– Reporting & data collection– Non-client facing tasks– Social Media work– Writing (articles, tweets, webpages, etc)– Programing
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Working with outsourcers
Who we work with and our opinions
• Philippines vs India• US based resources• Odesk vs Elance• Specialized service outsourcers
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Working with outsourcers
How to treat your extended team – context & training
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Working with outsourcers
Sending over your first tasks (getting started!)
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Working with outsourcers
My processes are too complicated!
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5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your team5. Leverage the fact that it is easier than
ever to find and work with people form around the globe!
www.LocalIncomeLab.com
Find & work with people from around the globe
• Logonerds• Elance – creative work from around the world• Odesk – technical work from around the world• Craigslist.ph – Philippines hiring • 99 designs – design work• KillerCovers - Ebook covers• 24slides.com – presentations in 48 hours• Outbrain – content distribution• Fiverr – Anything you could imagine
www.LocalIncomeLab.com
5 Lessons For Maximum Leverage & Profitability In Your Business
1. Think globally2. Embrace the profitability leverage formula3. Invest in building a global team4. Create systems and procedures for your team5. Leverage the fact that it is easier than ever to
find and work with people form around the globe!
Success!!
www.LocalIncomeLab.com
Maximum Leverage & Profitability In Your Business
Questions?