Blog

Archive for the "Training Outsourcing" Category

The Learning Factor Wins 8th Global Award

Posted on April 28th, 2015 by The Learning Factor

Sydney, Australia – April 27th, 2015. The Learning Factor has announced it has been selected for the Training Outsourcing Companies Watch List.

“This year, only 8 companies were chosen in the Training Outsourcing Companies Watch List, and we are very proud to be one of those companies,” said Chris Gaborit, Managing Director of The Learning Factor, today.

“It takes dedication and commitment to achieve these results. Every day, our teams are working with clients globally – project managing large training roll-outs, writing training programs, developing eLearning modules, or facilitating training events. They work passionately with one goal in mind—that their training will make a difference to each participant.”

Selection to this year’s Training Outsourcing Companies Watch List was based on the following criteria:

Innovative service offerings
Ability to provide services on a global basis
Unique and proven approach to business process outsourcing (BPO) solutions
Quality of clients served

“This year’s Training Outsourcing Watch List demonstrates the continued growth of this segment and the emerging competition,” said Ken Taylor, president of Training Industry, Inc. “The organizations on the Watch List are making great strides to provide quality and innovative services for their strong list of clientele.”

“Business process outsourcing is a key part of the training industry, and this year’s Watch List exhibits the necessary strength and capability of companies to compete in that segment,” said Doug Harward, chief executive officer of Training Industry, Inc. “These companies are able to deliver superior learning service solutions that meet the content, administrative and technological needs of a constantly evolving market.”

About The Learning Factor The Learning Factor works with Fortune 500 and ASX 100 companies globally, providing managed training services (MTS), eLearning services, learning contractors, instructional designers, project managers, and facilitators. It has over 1500 specialist consultants globally, delivering training to clients.

About Training Industry, Inc. TrainingIndustry.com spotlights the latest news, articles, case studies, and best practices within the training industry. Their focus is on helping dedicated businesses and training professionals get the information, insight, and tools needed to more effectively manage the business of learning.

3 Greatest Myths about Owning a Business

Posted on July 22nd, 2014 by The Learning Factor

When I was younger I wanted my own business, but I didn’t know how to begin. Should I buy a franchise, join a multi-level marketing company, or start my own business?

I went to seminars, presentations, and sales pitches on selling everything from milk additives to fuel additives, from soap to jewellery.

A lot of the presentations were very high-pressured. They were designed to get you to buy, sign, and commit. It was all about selling the dream of a life of leisure; you could live like a king and enjoy life without hard work. You could be different from the average Joe—no longer serving the man but living the dream.

Having started and run three successful businesses myself and spoken to hundreds of small business owners I can look back over 35 years and say, “Yep, that was definitely a bunch of crap!”

These are the three great myths:

MYTH 1: You will have more leisure time with your family.

When this statement is made, the PPT slides in the background show families happily milling around huge Winnebagos, small airplanes, and large boats. They are on one long beach holiday with an endless summer and they appear to have no shortage of money, time, or staff.

REALITY: You may have the flexibility to have holidays and time off when others are working, and after many, many years of working your butt off, 80-100 hours per week. You may eventually be making enough money to buy nice things but the reality is that nobody I know, while they are running a business, has been able to go off and take long extended holidays without a major effect upon the business. In fact, one of the challenges of having a small business is the fact that you need to be there to drive the ship because nobody has the passion, drive, and determination that you do.

MYTH 2: You will have money flowing in as you sleep.

This myth seems to imply that money will just come into your life day and night once you put your shingle up, with no assistance from you or any employees.

REALITY: Cash flow is the No. 1 reason that small business fails. Business owners never stop business developing to bring in revenue. Sales and marketing are part of every employee and the moment you snooze, you lose. I have a home in Byron Bay, one of the great hippy surf towns of the 70’s which has become a trendy and expensive place to live, and one of the things we see all the time up there are people who come up and buy a business for more than they should and have their children run it. The parents think that money is going to flow like a river, and the children think that they are living in a hippie heaven where work is a dirty word. RESULT? One day the parents get a call: “We are leaving, and the business is all yours!” They arrive to find that the business has been run down to the ground, and nothing has been done for years.

MYTH 3: Your business will continue to grow in worth and one day you will sell it for millions.

Many people think that starting or buying a business is like buying a house. If you sit on it long enough, the price will keep going up.

REALITY: Most small businesses peak after 5-7 years and then start dropping off. Needs change and people change. You thought buying that franchise bakery meant you could sell it for a profit, but today, people no longer eat that sort of bread. You thought that franchise fast-food store was going to sell for millions, but today, people want to eat healthily. I have a friend who took over a small law firm from hid dad and sold it for $45M but he never stopped working, reinventing, going to seminars overseas to learn and grow. Small businesses must continually reinvent themselves to meet the needs of their customers; otherwise, at the end of your time, you will have a worthless shell.

In spite of the challenges involved in starting and growing three successful businesses without any venture capital, I love what I do and wouldn’t have done it any other way. I know it was the hard way, but it was the way I wanted to do it.

Author: Chris Gaborit

5 Benefits of Training Outsourcing

Posted on June 30th, 2014 by Victoria Kossoff

1. Reduce Costs – The number one reason why companies outsource training is to save money. Our experience shows that organisations can save up to 30%.

2. Speed to Market – Planning on bringing a new product to market? Your success may be dependent on getting resellers trained on how to sell or service your product. With training outsourcing you can quickly get your product into your customers’ hands, without scaling up internal resources.

3. Geographic Reach – When Cisco needed to train local employees in China, they simply outsourced training to The Learning Factor. We have resources in China who already understand the Chinese culture. Makes sense, doesn’t it?

4. Access to Talent – The most strategic way to source the best training talent at the best possible price is to outsource. Instantly you have a pool of trainers and facilitators, who are industry experts in their field. This commercial experience brings training to life.

5. Improve Scalability of Resources – Running an internal training department takes a number of people with different skills and talents. Internal staff are a fixed resource. But training is a variable activity. When you work with a training outsource company, you are able to scale up or scale down the number of resources you need– just when you need them most!

© 2017 The Learning Factor. All rights reserved.