Lean & Profitable

December 27, 2009

Saving Money Using Freelancers

Can a business save money using freelancers? If you really check out your sources a business can save money using freelancers. Where do you find the freelancers? Below is a list of where freelancers can be found. Always check out first anyone you want to use. Get samples and business references you can call or email. Make sure you clearly spell out what is needed in writing before hiring a freelancer so no communication errors occur. I have used freelancers in my business. I have also been a freelancer. It can be profitable on both sides.

1. Elance.com - so far the largest online marketplace for free lancers and service buyers
2. Aquent.com - offers marketing organizations a wide range of services including consulting, studio solutions, project management, and translation/localization.
3. Adveres.com - another cool marketplace for freelancers.
4. Bidradar - recently merged with governmentbids.com and published mostly government-owned jobs for freelancers.
5. CGI Lance - largest marketplace for CGI scripts.
6. CTITjobs.net - most projects are programming and web design and even technical support for IT-related problems.
7. Codelance.com - custom software development and webhosting for companies outsourcing offshore.
8. Coswap.com - offshore marketplace for web design jobs.
9. Design Quote - a reputable marketplace for graphic and design jobs.
10. Developreneurs.com - an online marketplace where buyers looking for web development services can receive bids from dozens of qualified service providers.
11. Ework.com -delivers three outsourced value-added services— integration and implementation for eWork Enterprise 5, business process consulting to streamline contingent workforce business processes, and a comprehensive workforce staffing management service.
12. Freelance Auction - almost all services are offered here.
13. Freelance Auction Network - is designed to bring affordable high quality services to small business owners and provide freelance contractors from around the world a better way to market their services.
14. Freelance.com - a good place for independent professionals, freelancers, and service buyers.
15. Freelance Writers - the best site for non-fiction writers.
16. Freelancefree.com - the first and best free freelance website.
17. Freelancewriting.com - another great freelance site exclusively for writers.
18. Freelancewebprojects.com - all services offered and requires all freelancing talents.
19. Freelanceseek.com - available in 7 major European languages.
20. Freelancewebprogramming.com - another freelance site for webmasters and programmers.
21. Getafreelancer - this is my favorite freelance site so far. I am a member of this site and having some decent customers in SEO and writing.
22. Guru.com - Use Guru.com’s free service to search for and find freelancers. Post your project. Get free quotes within hours. Outsource your contract work today.
23. Hirecoders.com - not only a marketplace but also a general classified for job seekers and employers.
24. Ifreelance.com - huge freelance site for talented people.
25. Listbid.com - a very simple freelance site but has a bigger population.
26. No Agencies Please - is a free freelance site concentrating on programming and design.
27. NUJ Freelance Directory - the biggest freelance job board in UK.
28. OutsourceToday.net- is the online market place where buyers can post their projects. Businesses and consultants such as freelance programmers, copywriters etc will bid for the work you outsource and you can select the best one that matches your requirement.
29. Projectlance.com – One of the webs busiest websites

September 27, 2009

Is Your CEO Willing To Have a Cut in Pay?

Filed under: Uncategorized — Tags: , , , , , — admin @ 5:01 pm

Here are the 10 largest (by revenue) U.S. public companies where CEO pay cuts took place:

General Motors (reduced to $1)
Ford Motor (reduced by 30%)
Sears (reduced by $50K)
FedEx (reduced by 20%)
American Express (reduced by 10%)
Motorola (reduced by 25%)
Eaton (reduced by 6 weeks’ worth of pay)
Continental Airlines (reduced to $0 for Q3 and Q4 of 2008)
EMC (reduced by 15%)
Cummins (reduced by 10%)

In this economy, it may require a cut in pay to remain strong or have a business to survive. Are you or is your CEO willing to take a cut in pay?

July 28, 2009

What McDonald’s Can Teach Us About Financial Recovery

I believe there are four important lessons that can be learned from the remarkable turnaround at McDonald’s.

1. How you grow matters as much as that you grow. The financial services industry would have benefitted from a focus on “growth by quality, not by quantity.” Clearly, the “growth at any cost” credo of some led to exactly that: any cost.

2. Changing your business model may not be needed, but belief in it is. Start by asking yourself what business you are in and whether customers still have a need for it. If they do, commit to it — fully. At McDonald’s, we knew that people still “deserved a break today” and we were willing to let go of all other initiatives (many of them very exciting) in order to demonstrate unwavering commitment to the core business.

3. None of us is as good as all of us. It’s the system, stupid! Understanding that you are leading a system, not a company or a person, is a critical insight if you want to successfully change something large. McDonald’s is extremely good at this. To some people (me included), it is a frustrating process. It takes time. It requires buy-in and plenty of patience and tolerance from everyone. It also requires adequate policing, oversight and incredibly detailed measurement systems. This is tedious work, and intimidating to those being measured. But it’s needed.

Large systems work best with a hard-wired operating system in the hub that enables innovation, entrepreneurship and decision-making in the nodes. The Internet would not have happened without HTML. Our country would not have prospered without the U.S. Constitution. But it is worth all the pain. And it must start with the humility that you are in the service of something larger than your own institution. As we say at BE-CAUSE — the company I founded — a purpose bigger than your product.

4. Plan your work, and work your plan. At McDonald’s we created a “plan to win.” Some would argue that it wasn’t perfect. Perhaps it wasn’t, but we decided that it was. And we haven’t looked back. Even through tragic circumstances — losing two CEOs in less than one year due to tragic deaths — the plan stayed intact and is still central today to the focus and alignment of the organization.

Information as per http://blogs.harvardbusiness.org/cs/2009/07/what_mcdonalds_can_teach_us_ab.html?cm_mmc=npv-_-TOPICEMAIL-_-JUL_2009-_-STRATEGY2

July 24, 2009

The Little Things That Count

by Ryan Manning
Ryan here, and I am back on the ezine assignment for a second time this month.  For this issue, I would like to share a personal story that I think you will find interesting and beneficial.  It revolves around little things and how they can make a big impact. 
 
Earlier this week my fiance, Meghan, had to go to the dentist for a root canal.  Something, I doubt, anyone looks forward to.  Perhaps you even cringe at the thought of it.
 
You might think that this is a tough business to be in - the place no one wants to go.  Where customers curse your name and are always disappointed to see you.  This endodontist has figured it out however.  Of course this lesson is about how you treat your customers, not about income (because you should see the cars parked in back!). 
 
Some of you are in a business with similar unfortunate crossings.  Hail storm sends you to the body shop, a car accident forces a call to the insurance.  Yet, I am willing to bet - most people would choose the tax preparer over the endodontist.
 
As I sat in the waiting room, I watched patients leave.  One by one, with smiles are their faces, politely waving to the receptionist.  I thought to myself - these patients must be in for a quick x-ray or check-up.  I thought, surely when my post-root-canal-fiance emerges a different expression will be viewable.  
 
I was wrong.  Meghan walked through the door with a smile and a shrug.  I asked how it went, and the typical response of “fine.”  Quickly followed by how nice everyone was and how she got to watch TV from a ceiling-embedded flat screen.  Somehow, I began to think I got shorted by reading magazines in lobby.
 
Granted, when she was finished and was probably at a sense of relief that its finally over; but I would still expect a feeling of disdain for the dentist and staff who spent the last hour drilling and chipping portions of her tooth.
 
So what is my point?  Well, this endodontist made a root canal a favorable experience - are your customers even this pleased after leaving your presence?  Do you have the comparables to stacks of magazines, comfy chairs, and flat screens that are all customer-centric?
 
I know most business do not operate like this.  We all know this because of the awful experiences we have - and these are with pleasurable industries like restaurants, theme-parks, and movie theaters — not with pain-inflicting, tooth-drilling, stress-inducing root canals.
 
See if you can identify ten little things in your business that could make an impact.  Because the truth is, it wasn’t the root canal that pleased Meghan - she still got the center of her tooth removed - it was all of the “other little things” that made the difference.
Ryan has a great point here. If your customer is not happy will they come back, pay you on time, or refer you to others. Ryan is part of a organization called the Glazier Kennedy Institute. It is a group of business owners who get together every month to learn new ways to market your business better in Indianapolis. If you are interested in knowing more information, contact ryan at email@nobsindy.com or see their website at www.NoBSindy.com.
reprinted with permission 

April 5, 2009

Poor Work Atmosphere Cost Businesses

In a recent study the results are as following:

Work effort was decreased by 48% (less work, less money)

More time off work was taken by employees by 47% using sick leave or vacation time

Quality of work decreased by 38%

Performance at work declined by by 66% (slower and poor performance causes a loss of income)

If a specific bad incident occurs with another employee or supervisor the worry and stress by the incident led to 80% time off work by the employee who felt stress

If an employee or supervisor was only at the location at certain days or times the employee who felt stressed out will cost the employer by avoiding the agressor by 63%, therefore not fully functioning at work.

The biggest cost to an employer working in a poor or stressful atmosphere is 78% of the stressed employees will not longer be committed to the employer or business.

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