How to Optimize Your Solo Business Through Technology and Outsourcing

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There are 41.8 million people who identify as solopreneurs in the United States, according to recent data. Part of the appeal of being a solopreneur is the freedom of not having to answer to anyone else when it comes to running your business. However, trying to do everything yourself can be impractical and inefficient. Incorporating the right technology and freelance help into your business operations can allow you to continue to enjoy your freedom without becoming overwhelmed. So here are some tips from The Business on the Internet to get you started the right way.

Benefits of Hiring Freelancers

One of the main benefits of hiring freelancers is that you can tap into their expertise when you need it, without having to continue to pay for it once you no longer do.  Working with freelancers is also less risky and expensive than hiring employees because you don’t have to invest as much time and money into the hiring process, and freelancers are easier to let go if the project isn’t working out.

Ways to Find Freelance Help

Start by figuring out exactly what you need to do and how much you want to pay someone to do it. Check freelance sites, such as Fivver and Upwork, for potential matches. Ask for examples of candidates’ prior work or test their knowledge by using a tool such as Toggl Hire. Once you have the right person, draft a contract that details the work to be done, the length of the project and the pay rate. You may also want to include a non-disclosure agreement. Maintain a database of freelancers you have worked with so you can contact them for future projects.

Don’t forget that these days, it’s easy to hire overseas freelancers, as well. Sites like Remitly allow you to send payments overseas without any hassle. For instance, right now you can get RD$58.36 per dollar and zero fees on your first transfer to the Dominican Republic. Or if you’re sending money to Mexico, there’s a special limited time offer of Mexican pesos per US dollar on your first transfer.

Tasks to Consider Outsourcing

Any task that isn’t a core part of your business operations may be a candidate for outsourcing. Administrative and legal tasks are often good candidates. For example, if you want to take advantage of the tax savings and liability protection of forming a limited liability company, consider hiring a formation service to do it for you. Outsourcing this task can provide you with the peace of mind that all of the legal regulations are being met and also save you money on legal fees.

Hardware Solopreneurs Should Consider Purchasing

Cloud-based computing can be an ideal way for small businesses to tap into the sort of resources large companies have without having to purchase all of the hardware and software. To access your cloud solutions, you need a laptop, desktop, smartphone or tablet or some combination of these devices.

Useful Apps for Solopreneurs

Productivity apps, such as project management apps, are a great tool for solo business owners. A smartphone app that allows you to track and manage your finances from anywhere can also be useful. Additionally, consider marketing tools, such as email subscription managers and social media post schedulers to streamline your marketing efforts.

Optimization for Your Business Strategy

If you need assistance learning how to optimize your use of people and technology, consider hiring consultants, such as the team at DigitAll360. These experts can help you define and develop your vision, build your skillset, and optimize your processes with advisory and training services.

No matter what your skillset is, there are probably aspects of your business where you can benefit by supplementing your skills with technology and freelance workers. Efficiently delegating tasks that can be better done by technology or other people frees you up to focus on what you do best.

The Business on the Internet offers daily posts and tips about online businesses, including how to start your own business from home. Contact us for business enquiries,advertising,marketing, or any other business related questions and information at our business email: thebusinessontheinternet@gmail.com

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