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MINDSET - OPERATING COMPETITIVE ADVANTAGE

Key Learnings:

1. Explore your past experiences with offshoring. Are there Legacy Bias or Myths to unpack?

2. How can offshoring create a Competitive Advantage?

A. Capital Requirement - opportunity cost of $1 of retained earnings.

B. Capital Allocation - reinvest, pay debt, expansion, purchase stock, dividends.

C. Pricing flexibility / elasticity

D. Access to resources - 24/7/365 support

E. Build & Launch new products / services

3. Create and defend your WHY.

A. Personal work/life freedom (Buy back your time)

B. Personal financial freedom

C. Capital Allocation optionality

D. Employee Retention ($5/hr tasks vs. $500/hr value creation)

E. Adjust Pricing, New Products/Services

Leverage offshore teams to scale profits. 

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