Q&A Series - Chat with Our Founders
Chat with our founders is a Q&A Series published every Thursday where FAS's founders share their tips, advice, best practices to SMBs as well as their point of view on the hot topics in the Blockchain and Fintech industry.
Q3: What is the main advantage of #outsourcing over a full-time employee for #SMBs?
Elena Obukhova: I would say it's flexibility and access to consulting company's resources. Outsourcing a project group can save you time, funds, and protect you from hiring a wrong fit. It gives a company more flexibility and operational efficiency. Let's say you need assistance with your financial statements this month and next month you realized that you need asap help with business operations, market validation or you need an introduction to specific companies. FAS, for instance, offers a project group of industry talents on a project-basis as well as a monthly-basis and can change professionals based on required skills for each specific assignment. Additionally, there can be different perks that you can get from consulting companies when you outsource their specialists. For example, we equip our clients with all our resources including a large professional network of blockchain and fintech companies.
Sergey Ivanov: In many cases, a required assignment is not recurrent, and only has to be done once, so hiring a new person to handle it would be inefficient in the long run, except if there are a lot of other relevant assignments to give. Nevertheless, outsourcing an assignment allows it to be done more efficiently and thoroughly because you essentially hire a team that is under strict supervision for quality.
Q2: Gamestop case - Do you think there are any interesting trends that we could expect to appear after all?
Elena Obukhova: I think we can see arise of decentralized exchanges and decentralized organizations. Frankly, while all media were covering #Reddit and GameStop, I saw one decentralized exchange project immediately announcing its launch.
Sergey Ivanov: Like Elena said, DeFi will be a growing and promising space. People need access to institutional grade financial services, and with greater financial education, we can expect an evolution of the finance industry. Access to borrowing and lending tools for the general public will bring a more even and fair infrastructure, resulting in a more balanced society.
Q1: Gamestop case - Considering events of the last week, where do you think it could all bring us now?
Elena Obukhova: I believe we're experiencing a switch from institutions to masses and Reddit community was a great example of that. We see that individuals together can also affect major trends and decisions. Internet was making those things easier and quicker for a while, but I believe now people realized how powerful that truly can be. Individuals and smaller businesses are becoming more and more significant as they're not only the drivers of the economy but also decision-makers no one can ignore anymore.
Sergey Ivanov: Totally agree with Elena. To add to that, I think recent events will bring great change to financial markets not only due to the realization of power people hold, but also due to mass coverage of this situation which inevitably will lead to higher financial education.