Building a remote team in the Philippines from the US has benefits and challenges. From the spearheading experiences of pioneer startups, many businesses soon followed.
Office space is paramount to realizing the maximum potential of a business concept in the real world. Traditionally, this would have involved sourcing a viable property. Leasehold option used to be the only option.
The cost of securing and setting an office is relatively high for startups and small businesses. Location is very important in attracting the right clients. Accessibility, security and presentability are major considerations.
The Philippine Information Technology Business Process Management (IT-BPM) industry is a thriving in the Philippines, not only has it contributed to the annual national GDP but also gave employment to over half a million Filipinos and the number continually rises.
Omnichannel is one of the six digital strategies Filipino companies had been pursuing in the last three years. The Philippines has caught on to omnichannel marketing, also call “retail of the future” and the “Bricks and Clicks” business model, Filipino consumers now enjoy shopping online or in physical, brick...
Cost reduction and foreign exchange rate are key selling points outsourcing vendors use in closing deals with outsourcers. SMEs like big businesses see the promising possibilities that come with outsourcing.
In recent years, the BPO business model appealed not only to startup companies and conglomerates but also to small and medium scale enterprises (SME).
Through the many call centers and outsourcing hubs situated within and outside Metro Manila, the Philippine Outsourcing Industry was able to showcase Filipino professionalism and talent globally. In 2018, Goldman Sachs, the leading investment banking, management and financial firm named it as among the Next Eleven Economies. The firm...
Globally, the BPO industry is referred as an economic pillar, lifeline and powerhouse. Offshore outsourcing companies became an integral contributor to world economies. Oxford Business Group (OBG) even described it as “one of the largest white-collar employers” in many countries.
A business incubator works in a similar manner with a baby incubator. When a baby is born, you need to put him in an incubator as he adjusts to his environment after birth.