About Derek Gallimore

For the business owner

Outsourcing can slash costs, but can also can drive innovation, market expansion and new markets, and can increase revenues and business opportunities. Increased margins and burgeoning revenues means that a business has an opportunity to provide a better product/service to their client, stay strategically and competitively secure, and ultimately pass on savings to the client.

For the client/customer and country

A customer benefits from outsourcing as prices can become more competitive and the product can be enhanced. Having more affordable consumer goods enables people to spend more and creates a buoyant dynamic economy.

It’s common knowledge that the US consumer has benefited incredibly from the outsourcing of manufacturing to China. Chinese manufacturing has supplied the US consumer with an incredibly high quality of product and very low price – for decades now. The same is now happening with service provision.

For the corporate sector, outsourcing of lower-skilled functions to lower cost centres is a huge boon. This outsourcing allows the corporate US to concentrate on higher-value contributions to business – Apple, Tesla, Microsoft, Dell, Oracle, IBM, Facebook etc are all incredible examples of high-value corporate IP being produced in US today.

For the outsource destination

Outsourcing allows the connection of higher cost-centres with people that are willing to work hard and produce great output, for relatively small sums. This is a win-win. This growing marketplace is proving an incredible opportunity for the developing countries. It democratises opportunities and better spreads the world wealth. It’s important to appreciate this concept from a mindset of abundance. There is no limit to wealth and resource if you look at things from a concept of abundance. Wealth and opportunity, in the long-term, is infinite.

Wealth needs to be more evenly distributed – currently it is not. As wealth becomes more evenly distributed – the world will become more productive, better education and more aligned – this direction will cause more wealth, better standards of living, opportunity and abundance for all.

Opportunity to small business

The cost of starting and operating a small business has plummeted. Today people can start a small business in hours, and at virtually no cost at all. Previously businesses were cumbersome to start and required considerable upfront capital.

Equally, the potential for business to grow at exponential rates – facilitated by the inter-connectivity of the internet – has skyrocketed over the last two decades. Companies can now become $1bn companies, or gain a billion users in only a few short years. This was never achievable 20 years ago.

The ‘facilitation effect’ of the internet means that business can be set up quicker, cheaper and have higher growth potential than ever before. Outsourcing is one product of this new era, but it is also a major facilitator of this game-changing era. And it’s not just about cost savings…