008 | "Outsource Your Team to Save Money & Make Impact" (David at Boldr Impact)

Jul 12

Written By Phil Michaels

Today’s guest on the “Phil with Forbes 30” podcast is David Sudolsky – Founder of Boldr Impact

Forbes List: USA
Year: 2020
Category: Social Enterprise

In this episode,

I was deeply inspired by my in-depth conversation with David Sudolsky, the founder of Boldr Impact. David took a six-week trip in the Philippines in 2013 and it led him to a six-year quest to make the outsourcing industry less exploitative.
It was through the loss of his best friend and mentor that inspired David to be committed to his company, concentrating on uplifting his employees and their communities. He is also devoting his time and energy to building and supporting purpose-driven NGOs and nonprofits focused on education.
As a coach, I was heartened to know that David was able to take such a loss and grief and turn it around.
After globetrotting he and his partner decided upon working in the Philippines to start an outsourcing company.
David came to realize that his outsourcing company, like many others in the country was all about profits.
His goal was to change that way of operating and instead - invest in his employees and their communities. He continues to make changes to the business as a legacy to his partner who passed away.
How the outsourcing market in the Philippines is growing, especially in creative fields. - By investing in employees, the results are less turnover and better buy-in from employees.
David’s philosophy of work and life. More can be read on his blog post: https://bit.ly/329YRxF
David also shares how he wants to change the idea that one should only outsource because it may be less expensive, but because of the growing talent pools and the opportunity for social equity.
Our conversation continued with the importance of coaches and mentors and being grateful, interspersed with more of David’s incredible commitment to changing and improving the outsourcing business.
His next goals are expanding to outsourcing from Mexico and South Africa.

“Under 30 Seconds Round”

1. What is the book you’ve gifted more often than any other book, and why?

The Great Work of Your Life by Stephen Cope
Autobiography of a Yogi, Paramhansa Yoganada

2. What’s one of the best investments and one of the worst investments you’ve ever made and why?

Best - Coaches
Worst - Crypto

3. What’s the most impactful thing you do in your Morning routine and most impactful thing you do in your Evening routine?

AM - Ginger and turmeric tea steeped from the actual roots with lemon.
PM - 30-minutes of reading before bed - a good Sci-Fi.

4. Pretend you won the Peter Thiel Fellowship and you were going to get money to start a business instead of go to college, what’s the very first thing you’d do to start a new business?

I would move to Southeast Asia. I’d like to really understand what startups are booming, what companies are gaining traction and immerse myself in that scene as quickly as possible.

5. What’s something you never knew you needed?