Tag Archive | Soloprenuer

Outsource: The Case For and Against Outsourcing

outsourcingIn the world of business, the word “outsourcing” can come with many connotations. For some, it is a dirty word.

This is because the very nature of it is taking away work from in-house staff and can incur business costs that may not be wanted.

 

For some businesses, it is an essential tool, such as a solopreneur. Using the talents of others to help further your business comes with its pros and cons.

Pro: A Distant Relationship

This works for many reasons. From the employee’s point of view, it makes for a less personable relationship and is purely professional. So, you can let them get on with the project they were hired to do with minimal interference.

This is especially useful in areas such as IT outsourcing. From the employer’s perspective, it means less time spent on enforcing a rule to enable them to do their real job of running the business.

Con: Lack of Communication

Overseeing a project where your staff is located in a different time zone can make for logistical headaches. You could, for example, work in the USA and are outsourcing a company that is based in the UK.

Then, an email relationship is the only way to rely on liaising with the worker. Project delays can be very common due to a difference in time zones, and waiting for an answer to a question you asked 12 hours ago can prove to be very frustrating.

Pro: It’s Easy to Hire and Fire

A distant relationship doesn’t bring personal feelings into the mix. If you feel a person is not right for the role anymore, you can remove them from the project quickly without hurt feelings.

Con: It’s Difficult to Oversee the Operation

You are not able to guarantee that they are working with the focus and attention you would like them to. Again, without being able to schedule regular meetings and catch up sessions, you are purely relying on their skill and feedback.

You would be hoping the project will be delivered promptly and to your standard. A way to combat this is to give mini-deadlines for each part of the project.

Pro: It Makes For a 24 Hour Business

If you have hired someone to complete work on the other side of the world, they are working in a different time zone to you. So when you go to sleep, the business is technically still operating. And, if the task can be completed in a short space of time, it will be ready when you wake up the next day.

Pro: It’s Easy to Post Your Projects

With websites dedicated to the world of freelancers, you can post a project and fill a position promptly. The management process of deliverables, project cancellations and payment schedules can be effortless with online tools such as Guru or Freelancer.

Outsourcing contractors can have its perils. But depending on the nature of your business, it could be an essential tool for you in making sure you are getting work done quickly, effectively and successfully.

Advertisements

Are You Ready To Become A Solopreneur?

 

solo.jpgYou might be wondering about the difference between a solopreneur and an entrepreneur. It’s a good question, and the clue is in the name.

A solopreneur works alone. They tend not to have investors pouring money into their company or workers to help lighten the load.

Instead, they work alone as a powerful force on the market, making relationships with customers and earning a profit.

They are a freelancer for hire, and this business model has many advantages. First, there is virtually no responsibility to others.

You don’t have to worry about how much you pay employees or whether investors are happy. Instead, you can focus entirely on the profits and customer satisfaction. We bet you’re now thinking about whether you’re ready to be a solopreneur.

Let’s find out.

1. Can You Build A Brand?

These days building a brand is remarkably easy and you can do it online at a low cost. You just need to set up different sources customers can use to access your company or you.

This would include social media, blogging, your website as well as any other content that you might release.

You may have a Linked-in profile so that business clients can find and hire you for their company. If you know how to setup and use these different sources, you will be able to create a brand.

How popular that brand becomes depends on whether or not you can relate to customers. Entrepreneur.com has got plenty more info about business branding that you might find useful.

 

2. Connecting To Customers

If you’ve never worked at the head of business, you may want to learn how to connect and communicate with customers. Remember, the success of your business largely depends on whether you can encourage them to buy.

Doing this may not come naturally to you. A lot of business owners invest in a lot of time to gain the knowledge and experience to perfect their business persona.

Who you are when you associate with clients will not necessarily be who you are in your personal life. You must know how to present yourself correctly.

You need market yourself as offering valuable services customers want. You can learn all about this on a course from a company such as Trainingconnection.com.

 

3. Filling In the Gaps

Remember, you may well be a solopreneur. However, despite the name that does not necessarily mean that you have to work completely independently.

There are jobs in your business that you may want other people to take on board. For instance, you may not have the skill or experience to handle your finances.

You might think this job is easy, but when issues such as tax deductions are taken into consideration, it isn’t. It gets complicated quite quickly, and you’d be best to outsource this job.

To use outsourcing companies, you need to know how to spot a business that you can trust. Otherwise, you could end up in a risky situation with your small company. Look at a site such as forbes.com for the consequences of outsourcing.

 

These are just some of the things you will need to know as a solopreneur. Do you think you’re ready for this new adventure?