BLOG. SMART PRACTICAL BUSINESS ADVICE

Micro-Multinationals: Small Business, Massive Reach

Don’t let our size fool you. Small, Internet-powered businesses like WORKetc business management software are already changing the world as we know it.

3 Shares
WORKetc Micro-Multinationals

Just because it’s become a cliche doesn’t mean it’s not true: the Internet has completely changed the very face of business.

Before, you had to be a massive company before you could even start thinking about expanding operations overseas. It wasn’t an arena in which the small business entrepreneur could hope to compete.

These days, small businesses are popping up with a truly global reach right from the get go.

In 2011, Google’s chief economist Hal Varian predicted that these micro-multinationals — tiny companies with global operations — will eventually run the world.

It seems like that prediction has already come to pass.

In the UK, for example, a recent Fedex study found that 40% of micro-multinationals opened offices in new markets within the last five years. Three in 10 also increased overseas employee hiring.

The Micro-Multinational DNA

Being a micro-multinational is hard-coded into WORKetc’s DNA. Our management, sales, support, development, and marketing teams have been spread across four continents right from the start. We made a decision right at the beginning that WORKetc was a “Global First” startup.

For a small team with no big corporate financial backing, that’s a setup that would have been unthinkable just a few short decades ago. But we’ve made it work for us. In just a few short years we’ve grown to over 6,000 people from 29 countries who rely on the WORKetc platform every day to get their jobs done.

And we’re not alone. Many of our customers share the same Global First sentiment. Melbourne-based Eagle Vision Property, for example, has a dedicated team of render artists all around the world working in different time zones.

“We’re now essentially a micro-multinational company operating non-stop,” Eagle Vision founder Stan Zaslavsky told us in an interview. “This is where our real advantage lies. We’re doing things simultaneously, and we’re effectively working on a project 24 hours a day.”

The Age of Combinatorial Innovation

WORKetc Micro-Multinational Global Teams

We live in what Varian calls an age of combinatorial innovation. A guy in Texas could come up with an idea for a product, have someone in Finland develop a 3D prototype, get it manufactured in bulk in China, and sell it online through a website developed by someone in India.

Being a micro-multinational goes beyond the established idea of telecommuting. When a company allows telecommuting, there usually still exists a physical office that acts as the company’s central hub. Employees still need to come in a few days a week just to stay in the loop.

In a true micro-multinational, nobody is out of the loop thanks to judicious and smart use of available technology. It’s a bit of a paradox, really. As physically separate as a micro-multinational team is, collaboration, efficiency, and productivity are usually on par with — and sometimes even exceeding — more traditional companies.

Cloud apps like WORKetc business management software let micro-multinationals keep all company data in a central repository. Every team member, whether they’re in Boise, Bangkok, Brisbane, or Brussels are always instantly up to date.

And when you’re a company with people in multiple time zones, replies to customer requests and tickets can be handled that much faster.

Take our very own QuickStart Onboarding Program, for example. Our product specialist Sarah in New York can start to onboard a customer during her workday. That customer’s data is then shared with Justine in Manila, who finishes the data migration by the end of his day.

By the time Sarah and her customer continue the QuickStart program the next day, the latter’s data is already in WORKetc — ready and waiting to be used before the start of the New York workday. The result? A happy, satisfied customer.

And let’s not forget the financial advantages. Having some parts of your operations performed overseas help you reduce costs. A micro-multinational can then allocate these saved funds to the most integral parts of the business.

Hiring Your Micro-Multinational Team

Almost any small business, no matter the industry, can be a micro-multinational. The trick is in finding people who fit the micro-multinational mindset.

We’ve actually tackled this exact topic on the WORKetc blog a few years ago, and what we said back then still applies today. Here’s a summary of what you need to do to find the best fit for your micro-multinational:

  • Get creative with the headlines for your job listings. It’s the first thing job seekers see, so make sure it catches their eye. Be fun and use unexpected or surprising words, but don’t forget to explain exactly what the headline (and the job) means in your job description.
  • Keep the job description simple. Focus on explaining what tasks and expectations come with the role. You can also try to be personable and maybe tell the backstory behind the role. Skip the bland buzzwords. Job listing sites are already drowning in those.
  • Don’t be afraid to include a dollar amount in your job listing. Offer above industry rates to attract more qualified people and hire above the level you’re looking for. For example, if you need an iOS developer, advertise for a senior iOS developer instead. The higher skill level will act as a buffer for timezone and language differences or difficulties.
  • Include a simple task along with your job listing. This will help you weed out unqualified applicants.
  • Finally, promote the hell out of the benefits that workers would gain by working with your micro-multinational instead of a local big-name company.

Now that we’ve covered what makes a small business a micro-multinational, next we’re going to look at business management hacks that’ll make running one a lot easier — starting with how to manage it using WORKetc.

Is your business a micro-multinational? Let your story be heard in the comments section!

3 Shares
See all

Featured Posts

This Firm is Fueling Clients’ Success with Strategic HR and WORKetc CRM

Performance HR uses Strategic HR and WORKetc CRM to fuel their clients’ success. So you’ve finally decided to build your own startup company. You’ve got an idea, you’ve got a team, and you’re ready to introduce your product to the world. You want to focus everything you have on that last bit, so you decide […]

6 New Apps to Grow Your Business in 2019

Fill your small business toolkit with the right new apps for growth. Gone are the days when all you needed to run a business was a pen, paper, and maybe a calculator. These days it’s all about your software stack—the apps, cloud or otherwise, that you use to manage everything from contacts and sales leads […]

Manage and Grow Your Business Better With 4 More WORKetc CRM Tips from Real Users

Run, manage, and grow their businesses with these real WORKetc tips from real users. Be it a minute or an hour, $1 or $1,000;every little bit counts when you’re a small business. And what better way to learn more about how you can use WORKetc to boost you and your team’s efficiency and productivity than […]

WORKetc is Shifting Into High Gear with Elasticsearch

Massive speed improvements coming to WORKetc CRM. WORKetc isn’t just a tool for running a business. We built it to help you grow that business. And with growth comes more contacts, leads, projects, timesheets—more and more business-critical data that needs to be created, saved, and tracked. That’s one of the big considerations we had in […]

Don’t Just Survive—Grow Your Business With These 4 WORKetc CRM Tips from Real Users

Help your business grow with these WORKetc CRM tips from real users. Speed, efficiency, productivity. They’re all buzzwords, yeah, but they’re also key components to any small business’ survival. We’ve already rolled out quite a few tips and tricks for increasing efficiency and productivity with WORKetc, but nothing beats those tips whose effectivity have already […]

Get Paid Quicker With the WORKetc iPhone CRM App’s New Invoice Module

Create, edit, and send invoices on the go with the new WORKetc iPhone app. We’ve received a lot of requests form WORKetc users to include an invoicing module in the WORKetc CRM app for iPhone. Today, I’m glad to confirm that those requests are going to be fulfilled. Our iPhone app developers are neck-deep into […]