Paying an independent contractor is not the same as paying a regular employee. Unlike employees, independent contractors are self-employed, set their pay rates, and can negotiate payment options and schedules.
The gig economy is transforming business for all parties involved. It’s one of the first times disruptive technology is truly benefiting everyone at the table.
Upwork, one of the leading digital platforms in the world, estimates that by 2027, there will be 86.5 million freelancers globally. The majority of the workers in the United States will be self-employed by then. That’s a whole bunch of people calling the shots!
It’s 2020. Time to start doing what you’ve always wanted to do!
If that’s freelancing, then hold your horses. Although 77% of full-time freelancers believe they have a better work-life balance since going solo, a freelance career can be very challenging. That’s why many people try and fail.
There are a few things you should know before you dive right in. It can be cutthroat, so here are some character traits that work best with your side hustle:
Netflix, Amazon, and the Rise of the Digital Marketplace Everyone is getting in the content game. In 2018 it was reported that Netflix was planning on spending a staggering $13B on original content. And Amazon was not far behind with a reported $5B spend on big-budget original shows and sports rights. Even Disney, arguably the biggest mega-media conglomerate