Ep.353 ~ Building a $20 Million Empire, Losing It, and Starting the Alibaba of Outsourcing ~ Derek Gallimore
~ Current Series ~
100 Interviews with 100 Location Independent Entrepreneurs That Have Over $1,000,000 in Annual Revenue
Ladies and gentlemen, boys and girls welcome to the podcast today! Outsourcing is a hot topic in the entrepreneurial world and we have had many guests on the show that have revolutionized their businesses by using outsourcing. Today’s guest is the founder of the outsourcing superstore, Outsource Accelerator. Derek Gallimore joins us as we chat in depth about the outsourcing world today.
Throughout Derek’s entrepreneurial career, Derek has bootstrapped a real estate business to $20 million and after some changes in the market lost the entire empire. He has lived and worked in five different countries and been a location independent entrepreneur since 2008. He began outsourcing in the Philippines in 2011 and came on the show to share why outsourcing is one of the most potent and transformative business tools available today.
03:00: Living in the Philippines for Eight Months and Traveling for Four Months and Productive Work Schedules
11:34: Derek Gets Arrested for Skinny Dipping in Brazil
12:41: Who is Derek Gallimore?
16:24: Starting Over After Losing a $20 Million Empire
19:00: The Importance of Keeping Personal Expenses Apart From Business Expenses
24:43: Starting the Alibaba of Outsourcing
29:49: Derek on the Philippines
32:08: How Outsourcing is Helping Entrepreneurs Today?
34:06: When Should You Start Outsourcing?
41:15: 5-Figure vs. 6-Figure vs. 7-Figure Mentalities for Online Entrepreneurship