How the Gig Economy Can Benefit Your Small Business


gig economy

The gig economy is great for your business. It allows you the opportunity to save costs, expand your business and build a unique business. It removes some of the traditional barriers that exist in the business world and can help you grow like never before.

If you are a small business owner who wants to know how to use the gig economy to your advantage, this is the blog post for you. There are a ton of ways that the gig economy can help your business, here are the major ones:

The Gig Economy Can Help You Save Costs

The gig economy is a great way for you and your company to save on labor costs. You can hire contractors instead of full-time employees if you are hesitant to expand your budget but have to meet additional production needs.

You can accomplish your business goals by hiring freelancers and contractors instead of full-time employees that have additional administration costs. And with the gig economy being so prominent in 2019 (and beyond) you can be sure that you have your fair share of contractor options.

You Can Appeal to the Remote Work Crowd

Millennials make up 40 percent of the workforce and their younger up-and-coming counterparts in Gen Z, and both of these groups are a huge fan of remote work and thus the gig economy. Remote work is very appealing to this perspective employee group, and the gig economy allows you to shape your business as a remote business.

There are so many remote businesses out there – everything from publishing houses and accounting firms to law firms and marketing agencies. Anything you can do in up-close-and-personal you can do online, whether it’s teaching someone a new language or making them a marketing plan. The best part? You can do it from anywhere and so can your employees!

You Can Have More Flexibility

Much like the benefits of saving money on contract and freelancers instead of traditional employees, the gig economy also allows you to have more flexibility when it comes to your work. Maybe you need help this week with a bunch of administrative tasks, but then are good to work on your own for the next three weeks? With the gig economy, you can do that.

You are no longer bound to the traditional 15-hours a week schedule to hire a specific person, and you can get help one day and not the next. Further, you can have short-term or long-term contracts, and get help if and when you need it.

You Can Actually Afford Specialized Help

Historically, small business owners such as yourself were restricted from being able to afford hiring specialists and highly skilled individuals, but no more! The structure of the gig economy has made those services more affordable to you. You can contract a specialist for a short time and get help when and where you really need it.

How has the gig economy helped your business? Share it with me in the comments below!

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