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To Remote Business

Manufacturing Abroad, International Payments,
and Remote Employees. Want to make your business more remote than ever? Go slide by slide and learn how to take advantage of a global business.

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To Remote Business

  1. 1. The Remote Business Manufacturing Abroad, International Payments, and Remote Employees
  2. 2. “The Internet is becoming the town square for the global village of tomorrow.” Bill Gates Going Global |
  3. 3. Entering New Markets The barriers to entering new markets have been, in large part, knocked down by Internet. Today, a craftsman in Nepal can sell locally made goods to someone on the other side of the globe. |
  4. 4. | Another trend that has developed over the past few years is that manufacturing has increasingly moved abroad, and it’s something for businesses to take advantage of, especially if you’re producing tangible products. Manufacturing
  5. 5. “China succeeded in transferring nearly 150 million people from agriculture to manufacturing” Pallam Raju Indian Politician Manufacturing |
  6. 6. | Paying these manufacturers can be troublesome. Bank transfers require lots of information and untrusted suppliers require escrow services. Paying Manufacturers
  7. 7. Hiring Remote Staff “Remote work has opened the door to a new era of freedom and luxury. A brave new world beyond the industrial-age belief in The Office.” Jason Fried Remote: Office Not Required |
  8. 8. | 66% of global workforce telecommutes 20% believe to go fully virtual in 1-5 years 14% don’t think of remote work
  9. 9. 90% of workers think that collaboration tools are the most important or even mission critical for building remote teams. |
  10. 10. People who work remotely are more satisfied with their jobs. |
  11. 11. Whether you’re a tangible or digital product, you can widen the market for your job placements and have the potential to find better candidates that might also be, well, cheaper. In addition, if you have business ventures in foreign markets it makes sense to hire local staff who will be more familiar with the market. |
  12. 12. | 1. Cuts office costs 2. Good labor for good pay 3. More work time 4. Ability to travel and work anywhere 5. Unique perspective 6. Global business How does it benefit my team?
  13. 13. | One study found that one company saved $1,900 per employee over nine months from reduced office space and furniture. Cutting Office Costs
  14. 14. Good Pay Hiring people in the US and especially in the Valley is expensive, since you have to accommodate your employees for their living expenses. However, if you search for employees abroad, chances are their living expenses will only be a percentage of what it costs in the US. |
  15. 15. | That same study found that the call center employees performed “13.5% more calls than the staff in the office did” when they worked at home. Improved Results
  16. 16. | Since employees don’t have to spend time traveling to work they get more time to spend with their kids. More Personal Time
  17. 17. Where do you start? |
  18. 18. 1. Use the right tools | File sharing with Google Drive, Dropbox. Virtual hangouts with Google Hangouts, Uber Conference & Slack Manage design projects with InVision App Note sharing with Evernote, Trello, & Basecamp
  19. 19. 2. Instill Daily Routines ● Establish monthly and quarterly goals. Use tools like Betterworks to help you get there. ● Establish roles within your team. ● Incorporate respect and discipline ● Use agile and scrum methodologies |
  20. 20. By establishing goals your employees have a benchmark for the level of performance that is expected of them. Establishing roles lets employees know who does what and makes them more accountable for their actions. Establishing Goals & Roles |
  21. 21. | Respect & Discipline Respect is important to keep order and everyone happy. Employees shouldn’t express their anger in public forums, so try to mediate any discussion about other employees privately. Not everyone is fit to be a remote worker, some may get too comfortable with their level of autonomy and slack off. In these cases you can’t be afraid to take disciplinary action.
  22. 22. 3. Pay Remote Employees the Right Way Paying remote employees, especially ones that live abroad, is probably the biggest concern for employers since overseas payments are troublesome and time-consuming. What are your options? PayPal, MoneyGram, Banks and CoinPip Whereas a lot of these options charge heavy fees and give you unfavorable exchanges rates, CoinPip charges 2% and gives you the real exchange rate. |
  23. 23. | They are a real team after all! Remote doesn’t mean they aren’t there. Incorporate autonomy, positive feedback, constructive criticism, and give GOOD feedback. Keeping them happy
  24. 24. Hiring Temporary Staff Freelancers can be temporary or long term. Sometimes you only need people when your employees have a heavy workload, like product launch times. Before hiring, give applicants a test drive by assigning a sample project. This gives you a feel of how they work and if they will be a good fit for your team. |
  25. 25. They happen. Every culture is different or works in a different time zone. Learn to adapt or get them on the same page. Some cultures are more hierarchical than others. Beware of Cultural Boundaries |
  26. 26. Most Importantly, BE RESPONSIVE! |
  27. 27. | Establish ‘Office Hours’ where your employees can reach out to you. This lets them know what time you and the rest of your team is available since you may be working in different time zones. Establish Office Hours
  28. 28. Do you have a remote team? How do you manage and pay your remote team currently? We’d love to hear from you! Reach out to us at: |
  29. 29. | Want to start paying your remote employees? /CoinPip/CoinPip/CoinPip@CoinPip