Before launching your new venture, you’ll need to determine which type of business ownership works best for your situation.

When most people think of the gig economy, they immediately think of the popular ridesharing apps, food delivery services, and grocery delivery options that have become ubiquitous in today’s world. However, with significant legal questions over large ridesharing companies’ classification of drivers as non-employees, the future of some large players in the industry is starting to seem a bit uncertain. The gig economy is a lifeline for many workers trying to provide for their families during the COVID-19 pandemic, and there are a few ways for individuals to expand their view of the industry beyond the most popular app-based options.

As Americans face the harsh realities of the COVID-19 pandemic, more and more people are turning to the gig economy for income. While most people think of delivery and ridesharing services as the only job opportunities on offer, there are plenty of other careers that are part of the gig economy. Freelancers, construction workers, web designers, and hourly workers in a variety of positions are also included in this category. If you are thinking about turning towards jobs in the gig economy to supplement your income, there are a few things you should know.

Many people who become small business owners do so because they are passionate about their craft or industry. While some set out with a considerable amount of business acumen, many must follow a sharp learning curve to become financially proficient. Learning how to manage the financial side of a business effectively is not a small task, which is why many owners and managers turn to financial education programs for assistance. These programs focus on the specific issues that matter most to small business owners, giving them the tools they need to make good decisions and manage their finances well. Financial education for small businesses is crucial for business owners, particularly those who are new to the business world.

As the COVID-19 pandemic stretches on, many companies are doing what they can to keep afloat and mitigate the economic impact of this disease. With no end in sight, making a long-term financial plan can seem impossible. Many individuals and business owners are turning to cost-cutting measures to make each penny count in these uncertain times. Here are a few ways that businesses can cut expenses and improve their outlook during the COVID-19 pandemic.