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Outsourcing Do's and Don'ts
 

Outsourcing Do's and Don'ts

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A presentation which covers the do's and don'ts of business outsourcing from someone who has experience in outsourcing Accounting, various bookkeeping and software development.

A presentation which covers the do's and don'ts of business outsourcing from someone who has experience in outsourcing Accounting, various bookkeeping and software development.

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Outsourcing Do's and Don'ts Outsourcing Do's and Don'ts Presentation Transcript

  • OUTSOURCINGDo’s and Don’ts
  • DONN FELKER ENTREPRENEUR / DEVELOPER / AUTHOR
  • OUTSOURCING - What is it?Experience - Why - How - Questions
  • WHAT
  • India
  • China
  • It’s MORE than offshore ...
  • landscaping pool care exterminator car wash OTHER TYPES OF OUTSOURCING
  • MORE COMMONLY SOUGHT AFTER accounting development virtual assistant
  • My Experience
  • =
  • Place a dollar amount on your time.
  • landscaping pool care exterminator car wash Great places to start
  • I needed help with...accounting virtual assistant development logo design
  • Accountant : LocalVirtual Assistant : India Development : Armenia
  • Finding an Accountant Referral is best t least one yon e knows a e ever seems lik Quickbooks is key s know this ll ac countant almost a... when all else fails, Google
  • Accountant : One Face-to-Face r y once, eve yup, onl Tools : Quickbooks Online : Email : Phone : Scanner : Mobile (with Camera)
  • How Much Do They Cost?I go local with accountants, so... standard rates.
  • What does a Virtual Assistant do? Basic bookkeeping Research in a known domain Email Management Calendar Management and more...
  • Finding an Virtual Assistant Learn from others (Ferris) e elseor anyon Again, Quickbooks is key inator comm on denom lowest more
  • Finding a Virtual Assistant Brickwork India : brickworkindia.com Your Man In India : yourmaninindia.com Friends with : F-1 & H-1 Visa’s Local VA’s : Craigslist ... and more ossible,us e a firm if p such as ..
  • Tips for Finding a Good VA Be clear and very specific in your tasks Specify the skills required nd Find 3-5 possible VA’s nt to fi l vestme VA wil al in “great” ensiveiniti d a xp fin ore e to usua lly b em Award 3 of those VA’s the same job. Pay them all. Award the best the continuing work.
  • How much does a VA usually cost? It varies, depending on job nth 0 transac tions a mo ~ 40 example: average of My VA performs bank account reconciliation,transaction matching and item categorization in Quickbooks online. Price: $250.00 for 20 hours ($12.50/hr) round 0 hour contract a I re new my 2 onths every 3 m
  • Estimating the total cost of a VA Total Price + 30% = Total Investment$250 (per qtr) * 4 Qtrs = $1000.00 (Total Price per year) etween moun t of time b average a nths contra ct is 3 mo renewal of $1000 + $300 (30% of 1000) = $1300.00 Total Investment: $1300 a year
  • Outsourcing Development of Software Multiple Technologies = Headache S, WP7 nd roid, iO e.g. - aProbably the hardest of all outsourcingIf you find a great resource, KEEP THEM
  • Finding Software Development Talent If onshore is within budget, do it. If not use - ne or k is do hard w already : referrals first for you : odesk.com : elance.com more
  • Test each developer. even if they’re on a teamExample Test 1 : goo.gl/zJmXV cess m ore suc easier,Example Test 2 : goo.gl/sE2tk ccess e ss su harder, l
  • Testing will weed out the incompetent
  • Tips for building a testMust be able to complete in under 20 mins Must be realistic
  • Once you find a great resource, KEEP THEM
  • First Tasks should never be mission critical
  • How much does outsourcing software cost The classic “it depends” answer : quality : timeline : poc vs final product : technology used more
  • My Costs Projects : Android jects ted 6 a ndroid pro : HTTP CommunicationI ’ve comple utsourcer same o using the lone this year a : No Graphic Design ple keep it sim $18.36 an Hour for Armenian resource itude would on shore cost s for same level of apt an hour cost me nearly $100
  • Total Costs~136 hours worked this year136 hours * $18.36 = ~$2500 $2500 * .3 = $750 0% add on using sam e formula as before, 3 t of resource ch arge for managemen Total Investment: $3,250 our, If on shore @100 an h 80 this would be - $17,6
  • General Tips For Outsourcing
  • Cut the fat early ng, not p erformi t one if they’re o to the nex em, g get r id of th Be very specific in your tasksAsk for confirmation that they understand t the task have them repea words ba ck in their own
  • If you’re not happy, find another one. Go on shore if you prefer.
  • In the end ...Do it to make your life easier.