Archives for Employment

There’s a pretty good package of articles in Inc. magazine on the topic of small businesses “going global.” The article I find most insightful is an American businessman’s view of Vikas Goel, CEO of eSys Technologies of Singapore.

Setting aside the fact that Goel never really struggled and became an overnight, global business sensation, the well-educated, Indian born leader has shown in eight years that he is one of the world’s most innovative businessmen. In 2000, his first year of operations, Goel’s component and hard-disk drive distribution firm became a profitable US$130 million business. Flash forward to present day: eSys is a $2 billion company operating in 33 countries.

Goel, the go-getter, is 36. His company has introduced a US$264.00 PC that is considerably less expensive than many other hardware vendors are able to produce.

What’s most impressive about Goel’s eSys company is the way it operates in the black with exceptionally low profit margins buoyed by high volumes. Not many $2 billion companies can boast having only 1,100 employees.  And, yes, there are job openings at eSys.

The one part of Goel’s near-legendary business success story that is somewhat in dispute is whether he arrived in Singapore “with no capital and no contacts,” as told by Jack Stack, CEO of SRC Holdings, who co-authored the Inc. article. Goel, who has received several awards for his entrepreneurial acumen, may actually have been wealthy and well connected according to at least one of his award sponsors in Singapore.

Goel’s next goal? Outsourcing. Watch out IBM!