Joining the gig economy: becoming self-employed

gig economy

Joining the gig economy: becoming self-employed

With the current pandemic shaking up the working world, now is a great time to explore new avenues and push yourself into running your own business. The nature of the current gig economy makes it easy to become self-employed and pick up work at a pace that suits you.

Plenty of people dream of being their own boss and doing what they love every day. However, the reality of this isn’t always as simple as we would like it to be, and there are a lot of things to consider before you can begin. Between 2016 and 2019, the number of working-age adults using online gig platforms more than doubled; this ever-growing gig economy is making it easier to make that leap into self-employment.

With the introduction of Uber in the US, cities with the service saw a 5% rise in new business registrations and business loans, while Google searches about starting a business rose about 7%, showing the influence gig platforms can have for their members.

What the gig economy can do for you

Arguably, creating a platform is one of the hard parts about becoming self-employed. But, in the gig economy, this is done for you. Platforms are already there for you to promote your own business as an independent contractor. They handle the infrastructure and marketing you need to succeed before you even begin.

In the face of the pandemic, job security is more crucial than ever. What better employer to rely on than yourself? In the first half of this year, platforms such as Patreon and Etsy saw huge growth in their user base, gaining tens, if not hundreds, of thousands of users each as more people jumped into gig work to support themselves.

Turning gig work into a business

Utilising gig platforms can help you build a client base that will allow you to branch off and become completely independent as a business owner; with a dedicated and established audience. This allows you to invest in your business as it becomes necessary, rather than requiring you to commit to large overheads up front. 

There are several gig platforms out there, whatever your interest is; including beauty, the classic ride-share, or a more general freelance platform. So whatever your passion, you can find a gig platform to satisfy it and take that first step towards self-employment and independence. 

At Big Hand, we want to support you when starting a business and make the transition to self-employment as smooth as possible. Our team is here to provide expert advice and services for your accounts so you can focus on the areas that matter to you. Find out more by calling us today on 0161 327 2911.

About the Author:

Since 2013, Sophie has been an integral part of the Big Hand team. As a social butterfly, Sophie is mostly responsible for introducing new clients to the company. If you’re an avid networking, you’re most likely to meet Sophie at local events. Alongside attracting new business, she also assists with account management, and she manages payroll on behalf of clients. For fun, Sophie loves to keep fit running or playing korfball with her team. She is also in the middle of learning a new language and so her most recent challenge is attempting to read Harry Potter in Dutch.