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Paul Magiatis – Barely Scratching the Surface of the Future of Outsourcing

Ep 116 Paul Magiatis

In this podcast, Derek is joined by an Entrepreneur and Businessman Paul Magiatis. Owner of an outsourcing service called Eastwest Enterprises. Join us as Paul narrates his journey and backstory of how he started and talk more broadly about the future of outsourcing.

 

Summary

  • According to Paul, most SMEs end up bankrupt and fold in a 5 year period mainly because of the cost of running a business.
  • Paul states that we live in a virtual world that is growing every day.
  • He also shares his insights that people don’t really know what they want. It’s entrepreneurs who come up with ideas that make people’s life easier and better.
  • The outsourcing industry for SMEs is still new, and they haven’t explored the surface yet.
  • Paul talks about his insight into the future of outsourcing and technology.

 

Key Points

  • Governments can’t contain what we do on the internet.
  • The world is changing quickly, the jobs are changing quickly, technology is taking out entire industries.
  • Adam Smith was one of the first economists who predicted forward that the world is becoming more efficient and it shouldn’t be too long before people don’t need to work in order to sustain their lifestyle.

 

Resources

 

Transcript

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Listen to more podcast episodes here:

  1. Sharon Melamed – Start Small and Grow: Outsourcing for Small Businesses
  2. Neville Samuels – Technology as a Powerful Tool for Outsourcing
  3. David Prichard – Empowering Employees to Achieve Milestones

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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 3,000+ 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.