According to numerous industry reports, business analysis details, and good old-fashioned common sense, more and more Singapore citizens are abandoning “stable jobs” and instead choosing to take advantage of everything that the freelance economy has to offer – and are transforming the future of the Singapore economy along the way.
The freelance economy has been jumpstarted in the last few years, particularly because of the growth of the internet (high-speed internet, to be more specific) as well as a general reshaping of the “rules” of how business needs to be conducted.
More and more smart, savvy, and strategic companies – not just here in Singapore, but around the rest of the world, for that matter – are opening up the potential for new remote positions, taking advantage of employment capital around the world, and making the most of everything that outside contractors and freelancers have to offer.
On the business side of things, the freelance community makes a lot of sense. You don’t have to pay for benefits, office space, and a whole host of other things that full-time workers inevitably bring to the table but at the same time get to take advantage of very skilled expertise on a “project by project” payment basis.
On the freelancers side of things, the freelance community makes even more sense.
Right out of the gate, freelancers find they are able to take advantage of a lot of freedom that they simply wouldn’t have been able to enjoy otherwise. There’s no more 9 to 5 work arrangement, no more “reporting to the office” for no real reason, no more mindless meetings to attend without any real benefit to the overall position, and no more interoffice bickering or politics that has to be contended with.
Secondly, freelancers have the opportunity to make as much money or as little money as they wish by taking on different projects, jumping from one freelance employer to the next, and pursuing different employment opportunities that they wouldn’t have been able to with a 9-to-5 kind of job.
Freelancers are also finding that they aren’t restricted to working for companies based in Singapore, either, the way they would have been previously. Thanks to high-speed internet in modern technology, a freelancer today can work for any company on the planet, creating a truly digital and 24/7 that never existed before.
The freelance economy – sometimes referred to as the “gig economy” – continues to grow at an exponential rate and shows absolutely zero sign of slowing down anytime soon. The people of Singapore (and skilled professionals around the rest of the world, for that matter) are taking more control over their financial future by pursuing freelance opportunities, turning themselves into their own “one-man operation” in building out a business that can make their financial dreams come true.
Some freelancers have even started to outsource some of their work to other freelancers, creating more impactful solutions than they would have been able to on their own and making the most of the leverage that freelancers like themselves bring to the table.
It’s an exciting time to be in business for yourself, that’s for sure!
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like 5 Ways To Instantly Beef Up Your Marketing Strategy, Productivity Tips from Entrepreneurs, Freelance Work in Singapore – 5 Survival Tips and all topics related to working in Singapore.
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