Globalization Gold Rush
Are we experiencing some kind of new gold rush? The interconnectivity of our new world has empowered solo-preneurs and tiny teams in ways we never could have imagined. With fewer resources and less time, any motivated idea driver can build a small empire if they know how to take advantage of the cheap resources and opportunities.
This is where India comes into the picture. Imagine a billion people clamoring out of the third world, getting educated and sprinting into the global marketplace—motivated, educated and able to speak English better than most people I encounter every day. So what's the difference between them and us (aside from the fact that they are far more polite)?
Money.
They work for a lot less money; often for 10% of their American or Western European counterparts. Sure, their institutions lack the same level of experience and creativity but that's where you come in. You have the creative guidance these teams need to produce amazing work. All you need is an idea, a plan and a little bit of capital. This is not your parents' entrepreneurial world anymore.
Hell, ten years ago, my aspirations would not have been possible without a wheelbarrow full of gold bullion, or those handy bearer bonds Hans was trying to steal in Die Hard. Now, if I can scrape together a couple thousand dollars, I can oversee the development of a fully automated and complex piece of software that can generate passive revenue at a great clip.
The barrier to entry into the world of business has been substantially lowered by these off-shore firms, making it possible for anyone to get ahead; as long as they have ideas and the willingness to lead. But just like the gold rush, the cheap money and opportunities won't last forever. Unless you're near the front of the pack, you're going to get left behind and will miss out on some of the finest opportunities you'll ever have.
I'll be following up this post with a list of tips to help you succeed with outsourcing, particularly when working with an off-shore development firm. Look for that soon.



