The Pros, Cons & Differences You Must Know When Hiring Subcontractors

Big Dreams Great Teams ®

In this episode, Paula dives into the different types of subcontractors that are available, and in particular she compares hiring a Subcontracting Team to a Freelancer.

She explains that while the terms are often used interchangeably, there are technical differences between the two and like all things, each different type has benefits and considerations to consider, to know what’s right for you.

Paula compares the pros and cons of working with subcontractors, such as the potential for scaling up and accessing diverse expertise, as well as the cons of limited control and potential team turnover. She discusses flexibility and cost-effectiveness of working with freelancers, but also discusses the limitations of relying on a single individual.

This episode will help you to work out which is right for you and what factors to keep in mind, including your stage of business, desired level of control, and specific project requirements.

Highlights

• The key difference between Subcontractors and Freelancers including independent entities operating as individuals or companies with a team versus self-employed individuals who offer services to multiple clients without being tied to a particular company.
• The pros and cons of working with subcontractors that include the potential for scaling up and access to diverse expertise, but also limited control and potential team turnover.
• The pros and cons of working with Freelancers who can offer flexibility and cost-effectiveness, but are limited in capacity and individual skills and may be less reliable due to personal circumstances.
• How to know which is right for you - the key factors to consider including the stage of business, desired level of control, and specific project requirements.

Chapters

00:00 Introduction and Overview

01:20 Defining Subcontractors and Freelancers

06:26 Pros and Cons of Working with Subcontractors

11:32 The Benefits of Hiring Freelancers

19:27 Choosing the Right Option for Your Business

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