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10 Predictions from PeoplePerHour.com for Smarter Small Businesses in 2008
Xenios Thrasyvoulou gives his predictions regarding the new techniques that will be required by small business and smart freelancers to generate income and handle work in 2008 PR9.NET January 21, 2008 - Edinburgh, UK - Xenios Thrasyvoulou, CEO of the innovative London-based online skills marketplace, http://www.peopleperhour.com predicts small businesses and freelancers will need smarter ways to generate income or handle work in 2008. He predicts: 1) The credit squeeze will also hit small businesses hoping to fund expansion through re-mortgaging their home, so many will be cash-strapped in 2008. With lenders looking more carefully at income to service loans, finding additional income streams like PeoplePerHour.com. boosts smart small business owner's borrowing power. 2) Small businesses get tougher on clients that delay payments, thanks to sites like www.payontime.co.uk which show how to get money in faster. Higher interest rates make it punitive for small business to go into debt so they will be more likely to charge Late Payment Interest (statutory rate is 8% over base rate - set twice per year). 3) Smart freelancers and small businesses beat chasing debt by finding work on sites like PeoplePerHour.com, where they get paid almost immediately for their work through PayPal. 4) The credit squeeze will mean small businesses will have less to spend, so will use more flexible labour, from PeoplePerHour.com to cut costs without cutting resources. 5) Smart small businesses will use virtual workers to help make the business 'disaster-proof' from floods, fires, pandemics etc so they can keep going. 6) Small businesses buy in 'just enough' expertise on-demand to create the workforce equivalent of the 'just in time' processes that revolutionised manufacturing. They use PeoplePerHour.com to buy in 'just enough' expertise from virtual workers to handle more work, or extend into new areas. 7) Small businesses will start learning how to use technology better, for example, by using the web to its full capacity, along with VoIP to become more global. With sites like Peopleperhour.com you can now have a developer in India, a designer in central Europe, a bookkeeper in Berkshire, and an engineer in California. 8) Small business globalisation will accelerate, now that sites like Peopleperhour.com open up foreign markets with less risk through secure payment and ranking systems. 9) Holiday cover is a thing of the past for smart small businesses that spread the load with a choice of virtual workers through PeoplePerHour.com. 10) Despite banking estimates to the contrary, entrepreneurship will rise driven by increasing nervousness about job stability. Taking control by venturing out alone is more attractive to the entrepreneurial spirit when there's less to lose by staying put and astute entrepreneurs realise that small businesses are more resilient than large corporates during economic downturns, with fewer shareholders and debt to service. # # #
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