Day: August 1, 2013

13 Months in the Philippines – Lesson 13 – May 2013 – Exit Plans

Lipa City, Batangas, Philippines

At the end of April, I set a line in the sand. If we couldn’t line up enough co-marketed trainings and consulting gigs by the middle of the month, I would pull up stakes and head back to the US for a while. As the days went on we had several set backs as a key marketing partner decided to cancel the four training dates we had set up in May and a couple of potential consulting clients decided to wait on our training. In looking at expenses as well as several pressing personal issues it became pretty clear by the middle of the month that it was time for another change.

In looking at the amount of money we would need to keep things going versus the short-term revenue options the analytics suggested taking a pause and trying again once we have more capital. A lot of companies use data and analysis to look at where they’ve been, but not as many use analytics to help predict behavior. I think any solid predictive analytics exercise would suggest that there is a lot of money to still be made doing what we started. The market is there. The need is there. The raw talent is there. It’s just a matter of a better plan with more dedicated partners.

At about the same time, my partners also decided to officially disband BPO Elite. It has kind of just hung our there as an empty shell since October. I occasionally used the name and identity for people who new me as the man behind BPO Elite before I launched DMAI. It was a pretty sobering day to say the least when two years of work came to an end. However, it severed its purpose. It opened up doors, it allowed me to have the time of my life and it helped a lot of trainees achieve their dreams of finding jobs.

So after 13 months, I got on a plane and headed back to the United States a man who will never have to say he didn’t go all in for the sake of chasing his dream.

Little did I know, the labor and hard work of these past 13 months laid a foundation that would soon led to some amazing opportunities to come back and try it all again.

Analytics Tool > Business Intelligence Applications > http://www.gatner.com

Analytics Concept > Predictive Analytics > http://en.wikipedia.org/wiki/Predictive_analytics

YouTube Resource > http://www.youtube.com/watch?v=BjznLJcgSFI&feature=share&list=PL8D46F50D27222FD4

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.

Advertisement

13 Months in the Philippines – Lesson 12 – April 2013 – The Wheels Come Off

Picture1Quezon City, Metro Manila, Philippines

April 2012, was a tough month. The challenge with filling training classes continued. We had three staff members depart for other opportunities. I ended a six-month engagement with my top client. It was time to switch gears again. We needed to pivot towards doing more outsourcing and consulting and less training.

One good things to come out of April, was the Social Media Analytics Workshop we held for a group of trainees for one of our clients. We discovered some pretty good talent and were able to put together a good team of analysts with a large range of analytics skills and social media savvy. There are a plethora of social media analytics tools built-in to just about every significant social media site. We also learned that the Philippines is the most social media driven country in the world. There is a higher percentage of Filipinos are online and actively using social media that with any other country.

I also continued to blog almost daily as I had learned from a good friend, is the key to monetizing your online business. You need fresh content that is relevant and engaging. You have that and you feed it to your audience on a regular basis, you can then start making a profit off it. Blogging about analytics is a key tool for analysts that’s often overlooked. Most analysts stay embedded in their silo. They focus on the data at hand and they master how to identify, inventory and integrate it. They accumulate a wealth of experience and knowledge and many are blogging about it.

However, in this case it was too little too late. Due to a series of personal and professional challenges it was time to think about what to do if revenue didn’t pick up quickly.

Analytics Tool > Analytics Blog > http://www.wordpress.com

Analytics Concept > Social Media Analytics > http://en.wikipedia.org/wiki/Social_analytics

YouTube Video > http://www.youtube.com/watch?v=JQYOmQRhzhM&feature=share&list=PL8D46F50D27222FD4

My Analytics Story – My passion is solving problems by bringing together the best talent, cutting edge technology and tried and true methodologies. DMAIPH is all about empowering people towards better Decision-Making through the use Analytics and business Intelligence. This is what I do best. Contact DMAIPH now at analytics@dmaiph.com or connect with me directly for a free consultation about getting more analytics into your career and your business.