Should a Freelancer be Your Next Investment?

Cashmanager | 5 months ago

Are you starting to find that your business is expanding at a speed that you can’t quite keep up with everything? Maybe, your books are falling behind, maybe you’re neglecting your marketing, or how are you handling customer service?

If this is the case, chances are you are thinking about bringing someone board to help take some of the weight off your shoulders. But, before you commit to bringing someone on full-time, consider hiring a freelancer.

Over the past five years, the freelance economy has been booming. Thanks to improved technology, people not wanting to be confined to a 9-to-5 and simply wanting to be their own boss. This uptick in freelancers has become a great tool for businesses when they need a task done on a semi-regular basis but don’t have the resources or need to hire someone full-time.

It’ll save you money

Between their salary, benefits, contribution to overheads, not to mention the costs if they don’t work out, it’s no secret, hiring a full-time employee is an expensive investment.

For many small businesses, hiring a new employee may be an investment that they are unable to make. Particularly, if you only need a task completed on a sporadic basis. This is where a freelancer is an excellent option.

While, you will have to pay a higher hourly rate, hiring a freelancer to go over your books once a week, write monthly blogs or do graphic design twice a year, in the long run, you will save a lot more money, compared to paying a full-time employee.  

Save on space

Bringing a freelancer on is an excellent option for businesses that don’t have a ton of space. One of the great qualities of freelancers is that they are able to work from any location, as long as they have access to the internet or your network.

This is perfect for businesses that operate out of a small office space, a home business or even businesses that freelance themselves.

Because freelancers don’t require you to provide office space, your business will be able to redistribute the money you would have spent on office equipment and additional overheads into other areas of the business.

They are experts

One thing to remember, in most cases, freelancers are experts in their respective fields. So you will be benefiting from bringing on someone who has a wealth of knowledge and experience in the tasks you require.

Additionally, the freelancer business model revolves around generating repeat business. In order to get a steady stream of continuous work and stay on your payroll, they will need to prove that they are providing real, tangible value to your business. Thus, you can be assured that their work output will be to a high standard. 

This benefits your business tenfold as you can be assured that you’ll be getting a good product. And, at the end of the day, if it isn’t, you are not tied to a freelancer.

They’ll get it done faster  

For every small business owner, their time is valuable and if a task, one which you may not be an expert in, takes an extended period of time to complete, is it necessarily atop your priority list?

As a result of their expertise, you can be assured that they will be able to produce quality work in a more time-efficient way than you may have been able to. For example, a task that may take you five hours to complete may only take them three.

While those three hours may come at a fairly high price, that may pale in comparison to the cost of you taking five hours to complete it.

 

With the changing labour market, freelancers are becoming increasing popular, especially for small businesses who may not have large resources. If your business is looking to bring someone new onboard, consider outsourcing the task to a quality freelancer. There are a number of benefits to this and relatively low risk.

If your business is looking to hire a freelancer to manage your financial requirements, consider implementing CashManager by Accomplish to make the transition seamless and give them the best platform to accurately manage your accounts.

To discover how your business can benefit from CashManager by Accomplish, contact us today.