New Year’s Resolution ⇨ Growth

Growing Tree in the Hands of a Businessman

Welcome to 2023! With the new year comes many changes to business, the workplace and the economy. Let us help you with this evolution. Happy New Year!

New Year’s Resolution ⇨ Growth

Life is all about growing. There’s an inevitable march toward newness, novelty, and progress.

Tony Robbins reckons: “If you’re not growing, you’re dying.” Adding that growth is one of the six core human needs, and it’s just as vital as significance and love.

Business imitates life in many ways, not least in its need to evolve. Stasis is not an option. If a company isn’t growing, it’s more than likely dying.

Even if a business could stand still, all its competitors would be advancing, and the market would also evolve. So the ‘static’ company is actually still going backward.

meeting a team of businessman, executives and accountants meeting about the company's revenue graph in the office with laptops and calculators
New Year’s Resolution ⇨ Growth

There are critics of this endless need for expansion. The Zen monks would argue that we should all just be happy with what we have. But advancement replaced handwashing with washing machines, horses with cars, superstition with science, and widespread poverty with affluence.

So progress is good.

Then there’s a recession

Recessions reverse growth. They pull economies backward. Undoing prior gains, jobs, and economic activity. They’re a negative force. Like a cold winter headwind, recessions are hard to ignore.

Despite the adverse macro conditions, businesses must continue their fight for growth and evolution. In a down market, conditions are brutal, but development must continue, and there’s still the opportunity to win.

Recessions require companies to be prudent. Overspending can be lethal, and revenues are precarious, so costs must be controlled.

The conundrum

So how do you continue to grow while cutting costs? How do you do more with less? Usually, cost cutting is associated with reducing headcount. People are expensive. But how do you do more – with fewer people?

In the last three recessions, businesses turned to outsourcing and offshore staffing to drive operational efficiencies. Offshoring can help you save up to 70% on your staffing costs while driving productivity and growth.

As the good times of 21/22 came to an abrupt end, we’ve already seen a spike in businesses turning to offshore solutions. History repeats.

The world is facing tough times ahead. That’s for sure. The question is whether your business will sink, swim, or soar.

Happy New Year. Let’s go! Let’s grow!

view of two women selling online start up small business owner working and sell online on the internet
The conundrum

The question for your business

Are you setting challenging growth targets this year?

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Philippines United Kingdom Australia United States
Software Developer
$7,221
$39,913
$62,653
$81,994
HR Manager
$9,506
$46,669
$66,518
$78,007
Team Leader
$7,152
$31,174
$45,428
$75,823
Accountant
$5,959
$58,479
$67,190
$72,923
Copy Writer
$4,767
$52,088
$56,600
$62,653
Customer Service
$3,337
$22,137
$29,717
$35,275
Virtual Assistance
$2,285
$39,066
$42,240
$31,797
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Philippines $7,221
United Kingdom $39,913
Australia $62,653
United States $81,994

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About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

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Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 2,300+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.