Business

Nearshore Outsourcing can Help Businesses Gain Competitiveness in the Market

Published

4 years ago

May 30, 2021

The unprecedented changes in the business world have made businesses choose to outsource their projects to manage their operations effectively. Nearshore or offshore outsourcing are the two ways available for businesses to get the job done with the help of a third party.

There are certain advantages that businesses can get by choosing IT outsourcing. The major advantage of outsourcing is it helps IT firms focus on their core operations in an active manner. Business experts have expressed that nearshore outsourcing is a better choice for businesses than offshore outsourcing.

A nearshoring company can help businesses meet their needs and objectives in an easy manner. It involves transferring the execution of IT projects to a third party outside of a country. In this case, a business company gets to choose a nearshore company that enjoys geographically or culturally similar to it.

Due to similar cultures, it becomes easy for an IT firm to discuss various aspects of IT projects with the development team. It facilitates a flexible exchange of thoughts in a communication process. In this way, it becomes possible for an IT firm to make the development team understand its goals and objectives.

Thus, the chances of getting the desired and high-quality service increase to a great extent. Moreover, even if it requires, it also becomes possible for an IT firm to conduct personal meetings in an easy manner.

Additionally, nearshore outsourcing facilitates two parties to work in the same time zone. Hence, they can easily share their inputs with each other at any time of the day.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

2 days ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.