How to Hire & Pay 1099 Contractors For Your Business in 2024

Check out Upwork here:
https://bit.ly/upworktalent

In this video, I will guide you through the step-by-step process of hiring and paying independent contractors within your business. For new entrepreneurs with a smaller budget, I recommend hiring contractors overseas because it can significantly reduce the cost of hiring a team.

Take inspiration from this article on how to create the perfect job description:
https://support.upwork.com/hc/en-us/a...

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Be sure to watch until the end of the video, as I will guide you through the entire process that we take when finding contractors online through platforms like Upwork, and I'll also go over some advice that we've learned along the way! I've hired tons of people for different purposes within our business, and I would say that the biggest thing that you should do is develop your SOP (Standard Operating Procedures). Building an SOP that offers clear instructions to onboard contractors will save you so much time and mental energy in the long-term, because one of the hardest things about being a business owner is the ability properly train others.

This video was created to address the common misconception that most business owners have about hiring a team. It's also meant to help those that are struggling and don't know how or where to begin when it comes to outsourcing and hiring contractors that can help you with your business. If you do it right, you should save a ton of time and make more money as a result, but if you do it wrong, you can lose a lot of money. It's important to spend the extra time that you save on higher leverage activities in the business, otherwise your business won't grow.

If you want to learn more about how you can take your business to the next level, be sure to check out our other videos on the topic:

How to Pay Contractors Internationally with Low Fees (Free Guide):
   • How to Pay Contractors Internationall...  

How to Create an Independent Contractor Agreement for FREE (Step by Step Tutorial):
   • How to Create an Independent Contract...  

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Thanks for watching! I hope you have a wonderful day!

-Joey

#Hiring #Business #HowTo

Timeline:
0:00 - Intro
0:36 - Why Hire?
0:52 - Difference Between Employees and Contractors
2:03 - Main Benefits of Hiring an Independent Contractor
2:52 - Process of Creating Job Listings
3:27 - How to Interview Contractors
4:12 - Things You Should Look For
4:54 - Upwork Walkthrough
10:23 - Main Takeaways
11:33 - Outro

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In addition, we are not a financial advisor. StartupWise does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.