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How to survive a double dip recession

With a double dip recession looking likely, businesses are streamlining themselves more than ever before, in an attempt to ensure the struggling economy doesn’t cause the closure of their business.


With a double dip recession looking likely, businesses are streamlining themselves more than ever before, in an attempt to ensure the struggling economy doesn’t cause the closure of their business.
Cutting everything from staff head counts to workloads, businesses are keen to reduce costs by re-thinking their everyday operations and processes. One example of the type of change being made by businesses is that they are reducing the number of fixed staff they employ, and are instead working with freelancers. With freelancers working on flexible, short-term contracts, they are paid on a per work basis and are therefore not paid for the times when they aren’t needed, helping to minimise overheads.
Delegating work to freelancers in this way is called outsourcing, whereby an outsider is used to provide the product or service needed by the company in question. There are many different business functions that can be outsourced to freelancers, including everything from a company’s finance and account functions, to web design and other IT functions. Outsourcing work enables companies to cut their fixed overheads, by replacing in-house teams with third party organisations and/or freelancers.
The recent economic climate has resulted in potentially the strongest freelance market ever, with many professionals offering their services on flexible contracts, as these skilled individuals look to gain or supplement their income after losing their permanent job, or having their income reduced during these difficult financial times. With today’s society facing such economic uncertainty, freelance work can provide both greater stability and flexibility than a full-time job can offer, which is just one of many reasons working in this way is as popular as it is.
OutsourceMyProject is an ideal site to find freelancers and professional service providers who are capable of undertaking projects and business functions. Furthermore, the site provides a platform to not only find, but also evaluate and manage service providers and projects. Concerns over ability and experience of providers are mitigated by the websites comprehensive feedback and rating system. OutsourceMyProject also provides users with a safe payment escrow service to provide maximum protection to its users.
Loren Holland, Managing Director of OutsourceMyProject said: “Outsourcing is an increasingly popular concept and the benefits have the capability to protect a business during the potential double dip recession. It is essential to operate a streamline business in the current economic environment whilst also maintaining access to skilled professionals who can sustain a business’s front and back office functions. ”
He went on to say: “OutsourceMyProject is a website that connects businesses with freelancers and professional companies looking to offer their services. Customers post their jobs free of charge and receive offers from experts within hours. If you need a freelance web designer or freelance copywriter, to name just a few specialist categories, then we have hundreds of experts waiting to provide their services through OutsourceMyProject, at the most competitive rates. Best of all, posting a job to find a freelancer to complete work is completely free with no hidden costs.”
One recent customer of OutsourceMyProject was Midlands based firm Stephen Gaskets Ltd, who posted their search engine optimization (SEO) project. Rex Baynton the Managing Director of Stephens Gaskets Ltd, said: “We posted our project on OutsourceMyProject and within a few days had received over 20 offers and had appointed a freelance SEO expert. After just a matter of weeks we witnessed a drastic increase in orders via Google, as a result of the excellent work completed by the freelancer we appointed.”
About OutsourceMyProject:
Established in January 2011, aims to bring together providers of professional services with organisations and individuals looking to outsource business functions or projects. Following the launch, more than 5,000 suppliers including web designers, legal specialists, freelance writers and mobile developers have registered with to bid for over £1 million worth of projects posted by UK businesses. is a member of the National Outsourcing Association (NOA), which is the UK’s outsourcing centre of excellence.


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