Need a CFO? Freelancing Goes Global

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What once was incidental and supplemental is now routinely baked into companies’ operating model. An astonishing 72 million Americans, or about 45% of the workforce, reaped at least some of their earnings from independent contracting last year. 

Need a CFO?  The highest-profile fractionals would be C-suite-level executives, ranging from part-time, long-term CFOs to M&A specialists who pop in to help close specific deals. The category also includes anyone who receives a retainer, from a foreign correspondent to a training specialist.

A major hiring shift is transforming how businesses find and utilize talent and how that talent finds and establishes relationships with companies that need its skills. Outsourcing work to freelancers is by no means a new phenomenon, but as the figures indicate, in the past five years it has jumped to an entirely new level. 

Read, "Use of freelancers of all types, even temporary CFOs, has mushroomed in the last five years. Here’s why more employers around the world are moving away from the full-time staff model."

Today in Global Small Business: On Labor Day, America Honors and Celebrates the Labor Movement

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What's affecting me, my clients, my colleagues and other global small business owners:

• Labor Day is a federal holiday in the United States celebrated on the first Monday in September to honor and recognize the American labor movement and the works and contributions of laborers to the development and achievements of the United States. 
• How outsourcing technology can lead to greater global business expansion.
• Why global expansion is a good idea for your business.
• Quote of the week:  "Labor Day is seen as a day of rest for many hardworking Americans." – James P. Hoffa
• September 1, 2023 is a sad day; Jimmy Buffett left our world and enters another.
• A global search for Paul McCartney's 1961 Höfner guitar.

Embrace Technology to Streamline Processes

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Forward-thinking global SME owners and managers are continuously embracing technology to streamline processes and restructure their business models for greater profitability.  As a result, outsourcing is becoming a priority.  It is estimated to be a global market place worth over $600 billion per annum with cost-savings being the primary reason for doing so.

How do you choose the right outsource partner?  Read more here.

How to Leverage Offshore Outsourcing

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With offshore outsourcing, small businesses can accomplish more, level the playing field and accomplish it all economically.  In the following article, the author provides four steps to maximize your outsourcing options and expand your business globally.

One quick tip from the article:

Your offshore outsourcing partner should be able to measure success and provide a solution that meets your needs instead of just a cookie cutter approach. 

Read:  4 Steps to Leverage Offshore Outsourcing for Global Expansion

Small Businesses Can Become Global Conglomerates

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How to take your small business global by way of extreme outsourcing.

Read BusinessWeek's "Mom and Pop Multinationals."

Pulling Out All Stops On Outsourcing

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Outsourcing firms like Keane Inc. in India are constantly trying to recruit new college graduates and lure young talent away from one another.

Are you attempting to convince new hires to look at outsourcing opportunities as one of the most attractive career options for them?

Competition is getting stiff and labor short. Time to pull out all stops on outsourcing.

How To Win Over India's Consumers

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A growing number of U.S. entrepreneurs are reversing the outsourcing trend and exporting their own products to India. Here’s what’s hot and how to use online resources to expand your reach into India.

The Thinking Man's Outsourcing

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Globe Trotter CEO Brian Reale (center) outsourced his R&D (and himself) to Bolivia.

A surprising number of U.S. companies are sending their most complex activities overseas. Read the article here.