To Remote Business

The Remote BusinessManufacturing Abroad, International Payments,

and Remote Employees

“The Internet is becoming the town squarefor the global village of tomorrow.”

Bill Gates

Going Global

angel.co/coinpip | [email protected]

Entering New MarketsThe 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.



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

“China succeeded in transferring nearly150 million people from agriculture

to manufacturing”

Pallam RajuIndian Politician

Manufacturing



Paying these manufacturerscan be troublesome. Bank transfers require lots of information and untrusted suppliers require escrow services.

Paying Manufacturers

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 FriedRemote: Office Not Required


http://37signals.com/remote/

http://37signals.com/remote/


66%of global workforce

telecommutes

20%believe to go fullyvirtual in 1-5 years

14%don’t think ofremote work

90% of workers think that collaboration tools are the most important or even mission critical for building remote teams.


People who work remotely aremore satisfied with their jobs.


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 marketsit makes sense to hire local staff who will be more familiar

with the market.



1. Cuts office costs2. Good labor for good pay3. More work time4. Ability to travel and work anywhere5. Unique perspective6. Global business

How does it benefit my team?


One study found that one company saved $1,900 per employee over nine months from reduced office space and furniture.

Cutting Office Costs

https://hbr.org/2014/01/to-raise-productivity-let-more-employees-work-from-home

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.



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


Since employees don’t have to spend time traveling to work they get more time to spend with their kids.

More Personal Time

Where do you start?


1. Use the right toolsangel.co/coinpip | [email protected]

File sharingwith Google Drive, Dropbox.

Virtual hangouts with Google Hangouts, Uber Conference & Slack

Manage design projects with InVision App

Note sharing with Evernote, Trello,& Basecamp

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


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



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.

3. Pay Remote Employees the Right WayPaying 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 CoinPipWhereas a lot of these options charge heavy fees and give you unfavorable exchanges rates, CoinPip charges 2% and gives you the real exchange rate.



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

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.


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 Boundariesangel.co/coinpip | [email protected]

Most Importantly, BE RESPONSIVE!



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

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:

[email protected]



Want to start paying your remote employees?

/CoinPip/CoinPip/CoinPip@CoinPip

To Remote Business

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