Connect with us

Business

5 Ways TripleOne, the World’s First Decentralized Company, Is Going to Change the Future of Business

mm

Published

on

A great number of companies and small businesses wouldn’t be able to succeed if they hadn’t taken a loan or found an investor who would support their venture. Even though investors can help a business grow with the additional capital, they do come with strings attached.

Investors and stockholders are mostly interested in profit and short-term goals. This may not always align with the company’s long-term plans. Often, investors want to be involved in the decision-making process. Strategic involvement may cause tension as the investor may wish for the business to move forward in ways the owner finds unprofitable.

However, one recently-founded company is changing the future of business and reshaping the traditional organizational structure. TripleOne is the world’s first decentralized company and has no debt or investors. 

TripleOne relies solely on a team environment. In TripleOne, every employee is in charge of shaping the company’s future; everyone has the right to share their ideas and vote for or reject the decisions suggested by others.

Founded by James William Awad, an influential Canadian entrepreneur, TripleOne has already attracted top talent from all over the world and will change the future of business. Here is what sets TripleOne apart from all the other companies.

Company Without Debt or Investors

One remarkable strategy makes TripleOne stand out from all the other companies: it doesn’t accept any investments from other institutions or individuals. TripleOne currently owns 19 companies that secure the funds necessary for the company to run successfully. As James William Awad pointed out on his Instagram (@senior), no one is allowed to invest in TripleOne, except himself. All the funds are generated by the company or provided by Awad. In addition, TripleOne doesn’t have any debt to other institutions or individuals.

Debt plays an essential role in the current performance and future growth of any company. A company with no debt will always be able to secure funds for projects and ensure its employees receive their monthly salaries. As a debt-free company, TripleOne is able to continually improve the efficiency of revenue-generating processes, increase working capital, and add more users to the company.

More Efficient Decision-Making

Since there are no investors or shareholders, the decision-making process is fast and straightforward at TripleOne, allowing the company to expand rapidly. Sometimes, investors have different plans and motivations, which can cause difficulties and tension with decision-making. This can significantly slow down the growth of the company and even have a negative impact on the employees, as investors can add financial, mental, and emotional pressure.

Everyone Can Become an Entrepreneur

One of the reasons why so many people are flocking to TripleOne is that the company’s financial independence ensures unlimited growth potential. Each user is allowed to make a suggestion or share their business idea. If the idea is achievable, other users will vote for it. Once there are enough votes, the idea turns into a project, and users apply for jobs that are created as a result.

This organizational structure allows any user to realize their business idea without investing any money. At the start of each month, TripleOne will set aside a percentage of the company’s balance for the completion of the projects. This way, the funds will always be secured upfront, and TripleOne will never have to seek investors.

Users Earn Points Instead of Salary

TripleOne’s financial independence allowed the company to develop a unique salary system. People who join TripleOne are called users and each user is treated as the owner of the company. All users work together to build projects, complete tasks, and ensure the company’s growth and development.

The salary is flexible and based on the amount of work done for that month. Users choose their own working hours; they can work only a few hours a week or every day. Points are rewarded for every vote, suggestion, or completed task. At the end of the month, all points are calculated and translated into money.

More Innovation and Faster Progress

If there are investors, shareholders, or a board of directors in a company, it can take weeks or months for innovative strategies or ideas to get approved. In most cases, this never-ending approval process turns out to be the death of innovation. Since there are no investors at TripleOne, this process is much shorter and allows the business to be more innovative and move faster.

Last but not least, all work for TripleOne is done online. Because of this, the company accepts all users, regardless of their location or time zone. If you’re interested in becoming a TripleOne team member, make sure to sign up at TripleOne’s official website.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Outsourcing Front-End Development Services: Insider’s Guide

mm

Published

on

Outsourcing front-end development services has become increasingly popular in recent years as companies look to access specialized skills and expertise, and save on labor costs. According to the Global Outsourcing Survey made by Deloitte, the top reasons for outsourcing front-end development are to access specialized skills (57%), cost savings (50%), and to free up internal resources (49%).

This article will cover some frequently asked questions (FAQs) in a Q&A way to help you make an informed decision when considering outsourcing front-end development services. We’ll address concerns such as how to find the right vendor, how to communicate effectively, and how to manage the project to ensure success. By the end of this article, you’ll have a better understanding of the considerations and best practices for outsourcing front-end development services.

What is front-end development?

Front-end development, or client-side development, refers to designing and implementing a website’s or application’s user interface (UI). It involves creating the layout, visual design, and interactive features that users interact with when they visit a website or use an app.

Front-end developers use a variety of programming languages and technologies to build the UI, including HTML, CSS, and JavaScript. They also need to have a strong understanding of user experience (UX) design principles and be able to create visually appealing and intuitive interfaces that meet the needs of the target audience.

Front-end development plays a crucial role in the user experience of a website or application, and it’s an essential part of any digital product. The work of a front-end developer often intersects with that of a UX designer and a back-end developer.

Why should I consider outsourcing front-end development services?

As mentioned in the intro, there are several reasons why outsourcing front-end development services may be an excellent option for your company. One of the main reasons is cost savings. Outsourcing is often more cost-effective than hiring in-house developers, especially if you only need front-end development services for a specific project. 

Also, a company can benefit from a vendor’s specialized skills and experience and the ability to scale its development resources as needed. This can be especially useful for companies with fluctuating project demands or in need to quickly ramp up or down their development efforts.  

In addition, outsourcing front-end development can allow a company to focus on its core competencies and improve the overall quality of the product, as well as save time by delegating the development work to a vendor. 

How do I find the right front-end development company to work with?

Finding the right front-end development company to work with is crucial for a successful project. Start by defining your project goals, timelines, and budget, and research potential vendors with experience in the technologies and frameworks relevant to your project. 

Review the company’s portfolio and case studies to get a sense of their past work and the types of projects they have experience with. Glassdoor, Trustpilot, LinkedIn, GoodFirms or Clutch are some platforms to do this. Consider the company’s culture and values. You can also request references and speak with past clients to get an idea of the company’s track record and how well they handle challenges like yours. 

What should I consider when choosing a front-end development company?

There are several factors to consider when choosing a front-end development company. Technical skills and experience are crucial, as the company will be responsible for building and implementing the UI of your website or application. Check if the company has experience with the technologies and frameworks you need for your project.

Effective communication and collaboration are also essential. Verify that the vendor has a track record of working well with clients and can effectively communicate and collaborate with your team. Cultural fit is also important, as you will be working closely with the vendor for the duration of the project. It’s a good idea to have a face-to-face or video call meeting to get a sense of the company’s culture and see if it aligns with your own.

Finally, consider the company’s pricing and business model. Make sure the company is transparent about its rates and fees and that they align with your budget. Also, consider whether the company offers flexible pricing options or packages that may be more suitable for your needs.

Once you’ve narrowed down your options, it’s a good idea to request proposals from a few different vendors. This will allow you to compare and contrast their approaches and determine the best fit for your project. 

Bringing it all together

In summary, outsourcing front-end development services can be an easy, cost-effective, and efficient way to access specialized skills and expertise. By carefully considering factors such as technical skills, communication and collaboration abilities, cultural fit, pricing, and business model, you can find the right vendor to meet your needs and achieve success with your project.

Continue Reading

Trending