Companies Aren’t Hiring – But You Can, and Will!
If there’s one thing South African’s are good at, it’s making opportunities instead of waiting for them.
Companies have chosen to pause their hiring plans for a while, but that’s not to say employment opportunities aren’t out there.
Enter the Era of the Entrepreneur
If you can’t beat them, join them. Bosses, that is. That’s right, our country is literally poised to invite more business owners into the fold! Finance Minister, Tito Mboweni, has allocated a whopping R3.2bn to the small business and innovation fund. Millions have been pledged to the Small Enterprise Development Agency’s incubation programme too.
The government realises how small businesses are the backbone of the economy. This year, they’ve put some money behind it! The funds will go a long way to help small businesses keep their doors open.
Why small business? Quite simply: because small businesses have the potential to become big businesses! Small and Medium-Sized Enterprises (SMEs) contribute towards our Gross Domestic Product (GDP) and help to keep the wealth within our country. As these businesses grow, they need staff and thus help to drive down our unemployment rate.
The Age Of Outsourced
Instead of companies hiring a permanent bookkeeper, for example, they save costs by signing up with an independent outsourced accounting firm. Here, they’ll get the work of a full accounting team for a monthly fee that’s less than an average money salary.
In these tough economic times, everybody needs to cut back. So cost-saving outsourced solutions have flourished!
Today, you’ll find outsourced:
- IT Support
- Legal Assistance
- Digital Marketing
The list is virtually endless. And while we’re talking about virtual… That’s the beauty of these outsourced enterprises. Their solutions plug right into their clients’ businesses, thanks to the wonders of cloud collaboration.
You don’t even have to have a physical office anymore. Most client meetings can be held via video conferencing like Zoom or Google Hangouts. Think about it, even in a boardroom, you’re all staring at a screen in any case. Erm… and your employees? They’re working at a location that’s convenient for them!
Leveraging the Gig-Economy
“The term “gig” is a slang word meaning “a job for a specified period of time”—WhatIs.com
A gig used to be reserved for musicians who would book a ‘gig’ playing one night at a party. It runs on the same concept of “peace work”, where you’re hired for a day to complete a specific task.
Only things have evolved entirely, and we are now living in a gig economy. It’s the idea of hiring independent contractors for as long or short a period as you need. Many of today’s virtual companies don’t have any full-time employees. They just have a long list of contractors and freelancers who can get the jobs that they need to be done.
Living My Best Solo-Preneur Life
For this reason, solopreneurship is sky-rocketing! A solopreneur is a business owner who works and runs their business alone (Macmillan dictionary).
This is the ideal solution for people who want to work for themselves, but don’t necessarily want to build an empire—or only rely on themselves to do what they do.
- Virtual assistants
- Online traders
- Public speaker
- Tax practitioner
- Data capturer
- Events planning
It’s self-sustaining self-employment. It’s an attractive option for self-disciplined people with a basic understanding of business acumen. When you choose this road, you’ll need to be the COO, CFO, CMO and the general workforce. That is, at least until you can hire those services from other entrepreneurs.