Over the past decade, there has been an enormous shift in the jobs landscape, with more and more people choosing to enter what we now call the gig economy. Freelancing has become highly desirable among professionals looking for more autonomy and flexibility in their work lives, while individuals looking to hire skilled professionals for...
Freelancing can be exciting and incredibly draining at the same time. Unlike monotonous 9-to-5 jobs, freelancers tackle different kinds of projects each day and this makes it challenging. But the fact that you work on new projects requires a fair bit of learning and unlearning each time and this can be a drain on...
Social Media has had a huge impact on many facets of our lives. It's changed the way we connect and socialize with our family and friends. It's also changed the way we buy as consumers and access media. For businesses, there are just as many changes. For most businesses, social media allows them to reach...
To remain viable in today’s competitive business market, leaders are always working towards growth. When growth becomes a reality, the need to scale up resources to support those efforts often must be done quickly. Outsourcing is a way for companies to increase efficiency and decrease costs by transferring portions of work to outside suppliers, rather than...
Most managers have a salary figure in mind when interviewing a job candidate. But they should also consider the costs of hiring a potential new employee before extending an offer sheet. There are various cash and non-cash benefits to account for—such as unemployment insurance, 401(k) matches, office supplies, and other fringe benefits. According to 2016...
Most U.S. businesses operate with a very small number of employees. In fact, if you add non-employer businesses with employer firms, you find that 97.9 percent of U.S. businesses have less than 20 workers! This means that the average business is powered by an extremely small staff and still has a ton of work to...
Hiring is one of the most important parts of setting up a business and, simultaneously, the source of the biggest mistakes. Recruitment is quite a demanding task to complete, but with the recent boosts in technology, it has become easier and more efficient. Mistakes, however, still occur and the best way to avoid these...
As a small business, hiring employees can be a blessing and a curse. On one side, you aren’t as hampered by policies and procedures as larger corporations are. On the other hand, there is so much interdependence in a small business that a lot could be riding on a new hire to take the...
As a successful restaurateur and chef, Tim Love knows what it takes to grow a successful business, with four popular restaurants under his belt and a spot on Restaurant Startup, a CNBC television show where budding restaurant owners pitch their ideas in hopes of investment funds and guidance from top celebrity restaurateurs. At SXSW 2016, I...
The ‘gig economy’ has gotten a lot of press lately; in fact, we even covered it on Smart Hustle recently. What we know is that the gig economy (or on-demand economy) consists of workers who provide on-demand services. Things like freelance writing to car sharing. Some experts predict that by 2020, 40 percent of...
