Transcript
Whole Foods Market Announcer (0:00)
Dive into the Summer Splash event at Whole Foods Market with savings on no antibiotics ever. Organic chicken breast and top sirloin steaks for the grill. Cool off with a big sale on Ben and Jerry's and Talenti frozen treats. And find everything you need for fun in the sun like brioche buns, uniquely flavored condiments and fruit filled pies. To level up your cookout, beat the heat with same day delivery. Start summer at Whole Foods Market in store and online.
Barry (0:29)
It's smart to always have a few financial goals and a really smart one. You can set earning cash back on.
Omar Zenhom (0:34)
What you buy every day.
Barry (0:35)
And with Discover you can get this Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show see termsiscover.com credit card Barry asks a.
Omar Zenhom (0:52)
Smart question this week. Should I hire locally or overseas? And here's my take. If your product, your service serves a global market, you're trying to impact the world. Your team should reflect that. But let's break this down in today's episode, the real pros and cons of both options. Because the right answer depends on what you're building, who you're serving and where you want to grow. Who you hire shapes the quality of your product, how well you understand your customers, and how fast or slow your business grows. It's not just about cost. It's about capability. It's about communication. It's about culture. So let's start with hiring overseas. Let's explore what it's like foreign. Welcome back to the Hundred Dollar MBA show. I'm your host Omar Zenholm where I deliver practical business lessons three times a week, Monday, Wednesday and Friday to help you start, grow and scale your business. I mean, a lot of overseas hires hires across the globe, six different continents. I mean the only continent I can hire in is Antarctica. So let's go over the pros of hiring overseas. Number one, I found that you're costs are generally lower. You can often hire amazing talent at a fraction of what your local rates are, especially if you're living in a western country like us, Canada, the uk, Australia, whatever it might be. I also see that you get more for your money. So you might get a senior, you know, developer engineer at the cost of maybe an entry level engineer. This allows you to build your team earlier and even on a budget. Number two, global perspective. And I believe this is more important, more valuable than the cost pro of hiring overseas. If your customers are in different time zones, they speak different languages, have different cultures, are from different regions, then a team member that is international in that world, in that culture can serve them better. When I was building Webinar Ninja, my software company, I wanted this to be a global product, a global brand. And I needed to represent the world with my team so that they can inform my product to be able to be impactful for everybody in the world. So we made sure that for example, our UI was easy to understand and use regardless if you're a native English speaker or not. It's just intuitive. And this is why our product sold very well overseas in non English speaking markets. So again, if you want to impact the world, you need to have the world represented in your team. There's also small little things like one of our UX UI designers was from Bulgaria and in her country everybody uses Android. They don't use iPhone or at least a very small minority use iPhone. So for her, our app needs to work really well on Android. It's even more important than working on an iPhone in her perspective. And it's great to have that perspective so you understand that not everybody's like you, not everybody is like your country or your culture. The third one I absolutely love is 24 hour coverage. If you are a champion of customer support in your business, if you want to make sure that your company synonymous with amazing support, then 24 hour coverage is something that you want to think about. And if you want to have people working in regular hours or daytime hours, you need to have a global team. That way they could support your product and services while you sleep. That's a huge advantage. This also means that you are a global brand. That means your business is serving your customers 24, 7. Doesn't matter where they are, what time it is you, you got their back. Did you know that the pet industry is a booming $150 billion industry? People absolutely love their dogs, don't you? If you're looking for a new investment and love dogs, there's only one name you need to know. That's Dogtopia. Dogtopia is the largest, leading and fastest growing pet franchise in North America with 300 locations. Dogtopia is the only pet services franchise that offers a reoccurring revenue membership model. Dogtopia offers safe, open play, daycare, boarding and spa services for dogs. Want a strong franchise model that is recession resistant and number one in the industry? Check out Dogtopia because every dog and dog parent deserves it. Go to dogtopia.com to learn more, that's dogtopia.com I'm currently in the south of.
