Posts Tagged ‘why you should employ contractors’
What do you call an entrepreneur with a great idea but no sales?
A dreamer? An inventor? Someone who never makes it?
So then, how do you become a successful entrepreneur?
Recruitment freezes have spread from the private sector to the public sector across Europe and the US – they are now everywhere!
So, when one of your team leave, you are left short handed and without key skills, how do keep growing your business, make more sales and deliver better returns with less budget and a smaller team?
I recently got sent a link to the report that Ernst & Young launched at Davos earlier this year and it has some important lessons and advice for successful entrepreneurs – you’ve got to become agile.
So, how do you do that? Let’s find out…
The riots on Greek streets and the IMF inspired bailout tell us that a major fiscal storm is coming to the UK very soon – unless deep cuts are made to public spending.
And, for businesses to be prepared to handle that impact, we need to plan and implement right now.
Guys – it is time to ditch the old ‘build a business and sell it for zillions’ goal!
Just as easy credit has passed into history so too have the dreams of becoming instant dot.com millionaires as a result of a few lucky breaks and some unknown buyer waving cheque books.
As most successful entrepreneurs know, it doesn’t really happen like that – unless you are incredibly lucky.
But, it is a common battle cry from entrepreneurs that they want to sell their business for £5m in 3 years time – or some similar sort of goal.
Tom Farmer, the entrepreneur who made his money with Quick Fit, a tyres and exhausts retailer and fitter, says that the bigger you are – the dumber you are.
In Mr Farmer’s view ‘the reason governments are dumb is because they are so big’.
So size is a real problem for both businesses and institutions.
Therefore, Tom Farmer is an advocate of the low employee business, which grows by outsourcing all the other services.
“The glue that holds the company together is trust” said Dr James Bellini, a forecaster of employment trends, and therefore not employment.
This statement stands in direct conflict with some of the comments expressed in response to my article ‘Entrepreneurs – never employ anyone’.
Okay, we’ve started the ball rolling on this website with the controversial claim that entrepreneurs should only hire freelancers…
…that you have to hire the best. … and hiring the best means you have to offer the full time employment – the best package – a full time employment contract and for CEO’s golden handshakes to welcome them and golden parachutes should they fail, share options if they don’t etc.
Here is a quote I heard yesterday Enterpreneurs are particularly bad at recruiting Now, that is a strong statement, but it comes from an industry veteran who has years and years of helping businesses recruit the right person for the job, so it is an opinion that carries some weight. So, why is this so? […]
Okay – here is a radical business strategy for entrepreneurs that some of you won’t like – and that is that you should not employ anyone. Please, if you disagree, please don’t switch off but take a moment to think about the argument… you can always respond below…
Work with people on a freelance and contractual basis – yes, absolutely, you simply must. You can even have an office or a factory if you must, but never sign a standard UK or European employment contract.