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Bootstrap Your Startup With Freelancers
www.startupsuccess.co.uk
Freelancers can be an incredibly valuable
resource for start-up businesses.
Imagine them as a highly experienced
workforce with a huge range of specialist skills,
that you only need to pay for when you actually
use them.
A recent report from PCG, The Role of Freelancers
in the 21st
Century British Economy, defined
facilitating start-ups as one of the key
contributions that freelancers make to the UK
economy.
It stated that the flexibility of freelancers, as well
as the financial benefits that they can bring,
helped to drive innovation and entrepreneurship
in uncertain economic times.
So why should you make use of
freelancers in your start-up business?
Here are the top three reasons:-
Freelancers can…
Reason One – Reduce the Need for Financing
As a start-up one of your main initial costs
is likely to be employees.
If you employ freelancers instead you can
operate a variable cost model, or a pay as
you grow model, only paying your
freelancers as and when you need them.
Reason Two – Reduce the Risk of Starting a Business
If your business doesn’t take off as
quickly as you anticipated, or it takes off
in a different direction from the one you
expected, you may find the staff you
initially employed are surplus to
requirements.
By using freelancers you reduce the risk
as well as the overheads.
Reason Three – Provide Specialist Skills
Freelancers can provide the experience,
knowledge and skills you need to get the job done
quickly and efficiently.
They supply a pool of talent that would be
impossible to employ in-house.
Even if you are a one-man start-up, freelancers
can be a great way to get specific tasks
completed if you lack the specialist skills, leaving
you free to concentrate on developing your
business.
Tips on Managing a Freelance Workforce
Freelancers have a number of benefits for start-
up businesses as we have seen, but managing a
freelance workforce does bring some challenges,
especially in communication and setting
expectations.
Here are some tips for managing your
freelancers ...
Ask for Work Samples
Whether you use freelance platforms such as
Elance, oDesk, or People Per Hour, or you
employ freelancers directly, make sure you ask for
examples of previous work and references.
You want to be sure your freelancer has the
experience they claim to have.
Beware of Scope Creep
The project or role that you want to outsource
might seem clear in your mind, but you need to
make sure you explain it thoroughly to your
freelancer, especially if they are working
remotely.
Give examples, list the expected deliverables,
and explain the eventual goals of the project.
Over-explaining may sound patronising but it is
better than not explaining enough.
Don’t micro-manage
This might seem to contradict the last point,
but once you have agreed the role or
project scope with your freelancer, give
them the space to get the work done their
own way.
Freelancers are used to a certain amount of
autonomy so avoid dictating their work
schedule unless that is part of your
agreement.
Provide Feedback
Every business is different, so your
freelancer may not get the first piece of
work you give them exactly as you want it
right away.
Providing feedback can help them to
improve and understand what you want,
but make sure you keep your feedback
positive and tell them what they’ve done
well as well as areas for improvement.
Whether you use freelancers as an integral part
of your business, completing tasks on a daily
basis, or you just hire them for specific projects
that you lack the in-house skills for, they can be
an invaluable resource during the start-up phase.
You never know, once your business is up and
running you may find that you want to
permanently employ your freelancers to drive the
business forward.
To find articles on all aspects of starting and running a small business, go
to …
http://www.startupsuccess.co.uk/

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How to bootstrap your startup with freelancers

  • 1. Bootstrap Your Startup With Freelancers www.startupsuccess.co.uk
  • 2. Freelancers can be an incredibly valuable resource for start-up businesses. Imagine them as a highly experienced workforce with a huge range of specialist skills, that you only need to pay for when you actually use them.
  • 3.
  • 4. A recent report from PCG, The Role of Freelancers in the 21st Century British Economy, defined facilitating start-ups as one of the key contributions that freelancers make to the UK economy. It stated that the flexibility of freelancers, as well as the financial benefits that they can bring, helped to drive innovation and entrepreneurship in uncertain economic times.
  • 5. So why should you make use of freelancers in your start-up business? Here are the top three reasons:- Freelancers can…
  • 6. Reason One – Reduce the Need for Financing
  • 7. As a start-up one of your main initial costs is likely to be employees. If you employ freelancers instead you can operate a variable cost model, or a pay as you grow model, only paying your freelancers as and when you need them.
  • 8. Reason Two – Reduce the Risk of Starting a Business
  • 9. If your business doesn’t take off as quickly as you anticipated, or it takes off in a different direction from the one you expected, you may find the staff you initially employed are surplus to requirements. By using freelancers you reduce the risk as well as the overheads.
  • 10. Reason Three – Provide Specialist Skills
  • 11. Freelancers can provide the experience, knowledge and skills you need to get the job done quickly and efficiently. They supply a pool of talent that would be impossible to employ in-house. Even if you are a one-man start-up, freelancers can be a great way to get specific tasks completed if you lack the specialist skills, leaving you free to concentrate on developing your business.
  • 12. Tips on Managing a Freelance Workforce
  • 13. Freelancers have a number of benefits for start- up businesses as we have seen, but managing a freelance workforce does bring some challenges, especially in communication and setting expectations. Here are some tips for managing your freelancers ...
  • 14. Ask for Work Samples
  • 15. Whether you use freelance platforms such as Elance, oDesk, or People Per Hour, or you employ freelancers directly, make sure you ask for examples of previous work and references. You want to be sure your freelancer has the experience they claim to have.
  • 17. The project or role that you want to outsource might seem clear in your mind, but you need to make sure you explain it thoroughly to your freelancer, especially if they are working remotely. Give examples, list the expected deliverables, and explain the eventual goals of the project. Over-explaining may sound patronising but it is better than not explaining enough.
  • 19. This might seem to contradict the last point, but once you have agreed the role or project scope with your freelancer, give them the space to get the work done their own way. Freelancers are used to a certain amount of autonomy so avoid dictating their work schedule unless that is part of your agreement.
  • 21. Every business is different, so your freelancer may not get the first piece of work you give them exactly as you want it right away. Providing feedback can help them to improve and understand what you want, but make sure you keep your feedback positive and tell them what they’ve done well as well as areas for improvement.
  • 22. Whether you use freelancers as an integral part of your business, completing tasks on a daily basis, or you just hire them for specific projects that you lack the in-house skills for, they can be an invaluable resource during the start-up phase. You never know, once your business is up and running you may find that you want to permanently employ your freelancers to drive the business forward.
  • 23. To find articles on all aspects of starting and running a small business, go to … http://www.startupsuccess.co.uk/