Setting up a non-employee business

02 July, 2019
Gpayroll - non employee

Setting Up A Non-Employee Business

With the rising gig economy, would it be possible for a company to have zero employees? For New Jersey-based company, Tools4Wisdom, a company that produces calendar planners, it seems to be highly profitable.

Laszlo Nadler, the founder of Tools4Wisdom, managed to generate an annual revenue of USD2 million with just zero employees.

If that sounds impossible, here are some tips to run a non-employee business.

 

1. Leverage on your connections

Starting up a non-employee business does not necessarily mean that you have to work alone. It simply means that you do not have any full time employees to be responsible for. At the same time, it also means leveraging on the skills and expertise of freelancers and contractors.

Reach out to the connections that you have and make your requests open-ended. Instead of asking, “Do you have any freelance designers?”, ask, “Could you recommend any creative website designers or connect me with someone who specialises in that field?”

2. Network whenever you can

Scrolling through endless pages of freelancers websites will not get you the candidate that you want. Likewise, advertising your services on an online website will not bring in new projects every month. The key here is to network - at every business or industry event. It might not be one that is relevant to your business but that business owner you were talking to that night might very well know the right industry players to help your business grow.

3. Start small on projects

It might not bring in the revenue but focusing on getting a small project done will help to build your reputation. And once that reputation has been established in the market, the bigger projects are likely to start coming in.

4. Have a plan B when working with contractors

Hiring a freelancer or contractor can be difficult to manage. Just because they have the right skill sets does not necessarily mean that you will work well with them. Instead, set clear expectations and timelines so that these freelancers and contractors are aware of the work that they need to complete. Additionally, bearing in mind that these people are non-permanent employees, it is also good to have a plan B. It could be finishing the project yourself or calling another freelancer that you have already screened.

Setting up a company with non-existent employees is possible. It simply requires an investment of time, effort, patience and people management skills. Who knows, a zero employee company might be the future of work.