How to Effectively Manage a Team of Freelancers in Web3 Business?

It is true that Web3 will continue to grow and with that growth, new chances will present themselves. As it grows the more popular it becomes. Especially as a freelancer, you’ve likely heard the word Web3 thrown around a lot. Part of building a profitable freelance career is understanding new technologies as they apply to your area of expertise. Web3 is sweeping all industries and it will not be so long before it touches you too. You can build an effective career by working hard. But the question is, how to effectively manage a team? In this article we are going to dive into the world of Web3 and how you can manage a team of Web3 in your freelance career.

The difference between managing freelancers vs. in-house employees

There are two options for a small business owner when it comes to hiring staff. Either they hire a freelancer or a full-time employee. Both have their benefits and drawbacks. These are the differences between managing freelancers vs in-house employees.

Tips to help manage your team of freelancers

Hiring a freelance team provides benefits in several ways for both the business and the freelancer’s team. Reducing expenses and it saves time are the benefits of working with a freelancer team. Here we will discuss some tips to make sure you are managing your team effectively.

Nurture your relationships with freelancers

You’ll want to make sure your freelancer feels comfortable as a part of a team, but keep in mind they are freelancers, not employees. Freelancers are business partners and just like any other partner relationships must be cultivated. Acknowledge great work by focusing on some of the tips for hiring freelancers above, such as providing the freelancers plenty of room to do whatever they want to do their best, communicating, and clearly stating requirements. While still giving constructive feedback, all are wonderful ways to build a friendly relationship with freelancers.

Define project budget

It’s important to figure out how much money you’ll need to allocate to your freelance team in your budget. It’s the best idea to set aside a lump sum in advance to avoid running out of resources. And don’t forget the idea to hire a freelance team that is best for your professional setup, not the freelancers who always offer good rates. Good equality can never be equal to good rates. So, it is necessary for some industry research on how much money you will need to manage the project and add some extra to give yourself if needed. If an unexpected task pops up or you hire a team that wasn’t a good fit, it’s better to arrange for such circumstances.

Provide proper documentation

It is important to provide information as much as possible, not only through meetings and discussions but in the form of documents also, to make sure you get your desired results. Try to make it as specific as you can regarding your expectations, guidelines, and requirements. This will clear up any misunderstanding to help you to avoid disappointment in the overall quality of the result of that project.

Set your expectation

Anything from project expectations to budget expectations are the expectations. It’s important to make sure you and your freelancer team are on the same page from the start. Budget is very important for both of you especially when you are starting your small business with tight financial constraints. It’s also essential to discuss timelines and hourly communication channels so that, should any problem arise, you will be able to keep each other in an organized loop and avoid tasks.

Streamline communication

As we mentioned earlier, find a communication channel that works for you and your freelancer WorkAsPro team. Streamline communication simply means to impart information. We are facing new, difficult, and unique challenges every day. Our access to the right information is more important than ever. It is a great idea to open the lines of communication before your task begins. And using a chat platform for daily check-ins and email for more formal communication.

Consider time tracking

It is one of the most effective methods to make sure that project deadlines are met to track time in the context of meeting deadlines. It is very important especially when freelancers are billed based on the time spent on a task. A variety of time-tracking tools can help you to improve accuracy and efficacy when recording time spent at work. The request for taking a screenshot can cause tension as it can be interpreted as a lack of trust. So, having a tool where both have access to log in for an hour can avoid disturbance between you and your freelancer WorkAsPro team.

Use project management tools

Same to time-tracking, project management is also a very important key to managing your team. There are so many tools that can be used to manage projects. Project management tools are not only used for big agencies but are very effective for small businesses also. All of them are offering free trials and not to be expensive. Their free versions are working very well and if you are ready to pay they have premium features also. These management tools are very easy to use. Asana, Trello, and Scoro are the most commonly used management tools.

DAO (Decentralized Autonomous Organization)

It is an emerging form of the legal structure that has no third and central governing body and whose members share a common goal to act in the best interest of the entity. The first DAO said to be an organization was created by developers who need to automate decisions and facilitate the crypto transaction. This decentralized system prioritized as exploits can save the extra expenses of millions of dollars in saving. All the activities and tasks posted publicly on Blockchain can be viewable to everyone.