Outsourcing is a practice of hiring outside firms to manage your work which was normally performed within a company. For a small business it becomes extremely difficult to manage a lot of work load as it involves higher manpower, infrastructure, costs more and the percentage of productivity goes down due to these and many more factors. It is advisable for a smaller company to outsource their work as it is more effective when it comes to productivity and cost effective.
This trend of outsourcing ramped up the freelance domain and new dimensions were added to the market creating more job opportunities making the transaction more cost effective for smaller companies. A small business starts from a bedroom, a laptop, an idea and gets transformed into a success story which people get inspired from. But the road from a laptop to success is a long one which involves investing time, idea, appropriate manpower, cost effective and quality delivery of work. In a poll by “The Guardian” (31st October 2012) on small business Network Poll where it was inquired whether business readers outsourced their work to freelancers. The answers came up with 79% answering ‘yes’ and commented that using freelancers is a big part of their business strategy. The businesses not only have the opton of choosing freelancers in their own town, city or country but they have a global market to choose from.
A small business can grow with devoted minimum skilled professionals, accuracy of work, use of new and innovative ideas, making cost effective strategies, outsourcing their work to freelancers and dedicated work. A small business can start up by building a business website, managing accounts and use of market research. A lot of small businesses hesitate in taking these steps and try to follow the traditional methods. The idea is to try new strategies which have helped many to realize their goals and hiring a freelancer is one such strategy. There has been a research on outsourcing by Freelancer.co.uk which involved over 2000 small business ownersand the results are staggering with 52% planning to hire more freelancers next year than they did this year. 50% of those polled said that using freelancers or outsourcing was a crucial to the growth of the company.
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