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Sizing Up the Big Gig World

its-a-gig-world

With approximately 1000 percent growth in participation in the gig economy between October 2012 and September 2015, it’s safe to say that this new type of entrepreneurship has had a serious impact on the economy and has redefined what many consider a typical “job.” The modern-day entrepreneur no longer needs large capital investment, multiple employees and inflexible work hours for their new business ventures. In the gig economy, they have multiple options with low start-up costs and lower risks – and more time for personal commitments.

But how exactly does the old way of entrepreneurship stack up with new gig economy offerings? See below for a comparison between the “traditional” route and some of its more modern counterparts, including direct-selling, ride-sharing, and home-sharing.

gig-economy-infographic

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Infographic courtesy of Amway.

2 Comments (Add Yours)

  1. I have worked for several years in this way; GIG. All in order to minimize costs.
    Traditional startups directed by various state corporate hubs, use of cost-intensive work models where economic losses and the large number of new issues detected.

  2. Now these days if you think you are wise then start your own business les than 100 dollars. Some time we deceive ourself because of low cost.

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