Effective outsourcing tactics for business expansion

Advice from 16 industry leaders

Author

Maziar Foroudian
May 27, 2024

Latest Stories

Explore how outsourcing can make your SME thrive! With expert advice from industry leaders, learn effective strategies to unlock potential, accelerate growth, and maximize your ROI by delegating tasks.

Ready to supercharge your booking process? Let us help you find the perfect appointment scheduling software. From Acuity to Zoom Scheduler, we delve into the top five platforms and their key features. Automate reminders, streamline bookings and keep your clients happy with our expert picks.

HR Leaders are betting big on HR technology for the third year straight. Find out what else makes the cut in the investment wishlist for 2024 in the latest Gartner report.

Meet the visionary transforming breast cancer detection. As the Executive Chair of BCAL Diagnostics, Jayne Shaw captivates readers with her innovative, life-saving BREASTTest. Get an inside look at her journey, struggles, and invaluable lessons learned in her pursuit to revolutionize women’s health.

Facing a bleak financial year ahead? Find out the top 8 challenges for SMEs in 2025 and learn the ways to overcome them—from combating a surge in cyber-attacks to navigating sustainability pressures.

Could your favorite eatery be next to close? The hospitality industry is facing an unprecedented 7.4% chance of failure in the coming year, shows a new study. Learn more about these shocking statistics and how they could impact your dining experience.

Top Tools

  • SturdyAI: Customer feedback solution simplified

  • NextRetreat: Plan the perfect team trip stress-free!

  • Wethod: All-in-one project management solution to work smarter

  • Rebuy: AI-powered personalization for ecommerce

  • VidyoAI: AI-powered video editing

  • 1minAI: Quick and easy Ai solutions

  • RemoveBG: Effortless image editing

Top stories

Discover 15 diverse strategies, from unconventional financial methods to customer-centric approaches, shared by CEOs and founders on fueling business growth without venture capital. Learn how to leverage intern talent, optimize local SEO, automate for efficiency, and harness customer feedback for sustainable expansion. Engaging and insightful advice for entrepreneurs.

Australian investors receiving financial advice through super funds and portfolio services will see a 7.5% increase in fees due to a change in tax treatment. The ATO's decision to disallow reduced input tax credits on advice fees will impact many Australians.

Australia

Entrepreneurs face emotional challenges as they navigate new ventures, influenced by major family events. Positive events can lead to overconfidence and hinder success more than negative events. Understanding and managing emotions is crucial for entrepreneurial success.

Women report lower workplace wellbeing than men, highlighting ongoing gender inequality. The Workplace Wellbeing Index reveals disparities in satisfaction with remuneration, particularly for women. Executives show a 'blind spot' in understanding staff needs. Efforts are needed to close gender pay gaps and support family-building benefits.

Prime Minister Albanese's busy schedule includes meetings with global leaders, CEOs, and media bosses. Not every event is recorded, like his attendance at Qantas' 100th birthday bash. He also prefers light interviews over press conferences.

Australian Economy

Tony Boyd argues in "There’s value in big government spending done right" that when allocated properly, substantial government expenditure on infrastructure can lead to significant economic growth and benefits for society.

Retired accountant Teresa Krawczuk avoided downsizing by borrowing against her home's value to alleviate the cost-of-living squeeze. Her strategy highlights how illiquid assets, like property, can help in retirement planning.

Meet the millionaire mortgage brokers challenging major banks in Australia. As house prices soar, brokers' earnings skyrocket, impacting banks' profits. Despite regulatory challenges, brokers offer value with diverse lender options and financial literacy support.

World

A recent report by Latenode found that almost half of U.S. small business owners feel trapped in their businesses, with reasons ranging from emotional attachment to financial dependence. Challenges such as time management and balancing work-life contribute to these feelings.

The US economic escalation against China impacts silicon and cobalt prices due to renewable energy supply bottlenecks. The US reliance on Chinese solar panel manufacturing raises concerns about forced labor, weak supply chains, and environmental effects.

Innovative strategies like employee debt management and retirement fund contributions are becoming popular among companies like Abbott. These strategies promote loyalty, reduce turnover, and attract top talent. Legislative developments allow employers to match contributions, boosting financial stability and potentially decreasing poverty rates among retirees.

Tech

OpenAI CEO faces backlash after using AI voice resembling Scarlett Johansson without consent. Legal issues arise regarding use of celebrity voices in tech. OpenAI's reputation tarnished, raising questions about ethics in AI development.

AI systems emit significantly less CO2e per page of text or image compared to human writers and artists. However, the potential environmental impact of AI lies in the increased economic and querying activity it enables, following Jevon's Law.

Curated for you

Boosting business efficiency is crucial for success, from happy employees to satisfied clients. Streamlining operations through automation, leveraging datasets, streamlining communication, and prioritizing cybersecurity can lead to increased output, reduced errors, and long-term success.

Cloudinary's journey to $100M+ ARR involved building a PLG and Enterprise sales motion. Lessons learned include early investment in customer support, credible technical content, treating PLG and sales as a continuum, hiring a CFO early, and understanding early vs. mature GTM motions.

Louisiana businesses are embracing the Moxey barter system, trading goods and services via an app to save money. Founder Charlie Davis emphasizes keeping money local, fostering a sense of community and benefiting small businesses nationwide.

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