For anyone who is considering launching a new venture, whether that’s an idea that they have been building up for a while or something completely new which requires a bit of a leap of faith, it can seem as though you will need a cast of thousands to get up and running. However, a little careful planning and efficient use of resources can save you a lot of time and money in the long run, especially if you make use of the vast number of freelancers and contractors who have the kind of specialist skills and experience that could put your business on the path to success.
Recently conducted research suggests that by 2020 as many as half the UK’s workforce could be self-employed in some capacity or another, meaning that there are more independent professionals than ever before. The self-employed market is estimated to be increasing by 3.5 per cent every year, with this growth demonstrating a significant proportion of the working populace being available for short-term and temporary projects.
Because most people choosing to move into freelancing do so to focus on a specific skill, small business owners can often find that an independent professional can offer expertise that isn’t necessarily available from more long-term candidates. Freelancers also tend to work for a number of different clients, meaning that they gain skills and expertise from working on various projects within their sector, meaning that they can often come up with solutions which someone who has worked for the same company for a while might not. Freelancers are usually highly skilled as well, meaning that the training costs usually associated with hiring a new member of staff aren’t a factor.
Using a freelancer can also save start-ups time as many independent professionals are able to start as soon as you need them, getting to work swiftly and focussing solely on your project rather than trying to fit things in around an already over-packed schedule.
For many freelancers, remote working is their preferred way of doing business, which could mean that you save a significant sum on office space if you don’t have to find room and resources for staff. There is no need for one person to arrive early to open up or stay late to set the alarm – everyone can get their jobs done at the pace that suits them best, ensuring that the work all gets done to a high standard at a swift pace, increasing the chances of success for everyone.
If you are considering starting your own business or becoming your own boss as a freelancer or contractor, then getting some specialist advice on managing your finances is one of the best things you can do to ensure your success. Our team of contractor accountants are always on hand to offer the benefit of their experience to help you save time and money and make a success of your business, so call today on 01253 362062 or email us at firstname.lastname@example.org.