August 29

Decentralization and Entrepreneurship or How To Topple a Dictator’s Statue

The past couple decades have seen an explosion in entrepreneurship. Small businesses are creating technology, products, services, and most importantly jobs at a higher rate than ever before.

According to Intuit’s Small Business Employment Index for March, small firms created about 50,000 new jobs this month. That’s an annual growth rate of nearly 3 percent. Even better, Intuit notes that small businesses have created 820,000 new jobs since the labor market started recovering in October 2009.

And that doesn’t even take into account the vast number of sole proprietors that have risen up in recent years. I’m talking about 14 year old kids coding in their bedrooms, creative producers making their own video shows, and a whole host of inventors and innovators getting their projects funded through crowds.

It’s a new golden age of entrepreneurship, thanks in part to a dwindling production economy and low confidence in “big industry” employers. Lots of people are saying to themselves, “If there’s no guarantee that I’ll have a job next week, why not start my own business and rely on myself instead of a corporation?”. We think that’s a great idea.

CheddarGetter was founded by entrepreneurs, for entrepreneurs, with the intention of making it easier for people like us to charge for the services and products we provide.

This little industry we’re in called “online software” or “software as a service” or the cringeworthy “cloud-based software” and “cloud apps” is big, and it’s getting much bigger. Total revenue for SaaS is projected to hit $40 Billion with a B in 2013.

We’re in the middle of a revolution. SaaS is the new frontier. All of us, from programmers to designers to marketers and everyone in between, are riding a wave of innovation that has no end in sight, and is toppling over old industries like dictator’s statues in a rebellion.

With the decentralization of business processes and departments, you no longer need a building full of people to run a successful company. Sometimes you don’t even need a building.

We’re in the middle of this shift, and it’s fun to watch.

These days, entrepreneurs have choices. They choose how to structure their company depending on how much revenue they make, investment they take, or growth they anticipate. These all call for different allocations of resources, and different levels of outsourced operations.

For example, most companies no longer need a billing department.

Many companies don’t even need a billing person.

Automation allows freedom

That’s what we’re all about. If you can automate the processes that used to require manual drudgery, that frees up time and resources to spend on making things better. You can spend it on R&D, upgrading infrastructure, or just paying your employees (and yourself) a better wage.

Whether you’re in a garage or starting your 10th business, you can use saas billing tools like CheddarGetter to take your good business idea to profitability.

Can you see how exciting this is? The web has already democratized knowledge. It’s now well on it’s way to democratizing business.

References:

  1. Small Biz Trends
  2. Kauffman.org
  3. VentureBeat
  4. Indy Mogul
  5. Kickstarter
  6. Entrepreneur
  7. CheddarGetter Recurring Billing