Start-ups face their own unique challenges as they struggle to ensure that they get the fund infusion they need to grow further. Failure is not an option and no start-up wants to join the list of companies that statistically fail in the initial three to five years of their existence. Since this number is reputed to be as high as 92%, a start-up needs to execute a tough tightrope walk, looking down but trying not to fall into the abyss.
Most start-ups used to avoid hiring freelancers as they bring in the thought of a non-permanent state of affairs and indicate a lack of faith in the future for the longer term and traditionally that turned investor interest away. But, that’s now a thing of the past, as they recognize the benefits of hiring freelancers!
Slowly but surely, with the exponential growth of the gig economy, this mindset has been changing quite drastically in recent times. Now, start-ups use freelancers and contingent workers without fearing a negative reaction from investors or worrying about the stability of their future operations.
A current state of affairs
Start-ups are only mirroring the current state of affairs. In the general economy, here’s what you’ll find:
While all these make for a powerful inducement to engage freelancers, there are some unique attributes a freelancer offers, which helps clinch the deal.
Benefits of hiring freelancers
Expertise, specific skillsets and entrepreneurial spirit are counted among the contractor’s positives.
It’s no wonder that the economy is all set to further boost the growth of freelancers by encouraging many more to join the freelancer movement. Even the Department of Labor completes its real-time count of this talent pool and plans to promulgate new laws to protect the rights of these workers to workplace protections and even income security.
So, if you’re running a lean, mean start-up, have you shed your resistance to the idea of hiring freelancers yet?
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