We've been talking about strikes, about how Doordash is behaving badly, lower pay, hiding tips, all that good stuff. Or bad stuff.
It can feel like we're out of control.
But being in control is a matter of choice. This week we talk about 11 rules where you can take control of your app based gig economy business.
The rule that makes the other rules:
You are running a business.
Whether you deliver for Doordash, Grubhub, Uber Eats, Instacart or any of the others, or if you do ride share or some other app based gig contracting, you agreed that you were performing a service AS A BUSINESS.
The IRS taxes you like you are running a business.
The best way to succeed at running that business is to embrace the fact that you are indeed running a business. Treat it like a business.
These following rules will help you develop that business mindset.
1. Everything is your fault.
While it sounds negative, it's the most positive thing there could be. Because that means you're in control. You're not at anyone's mercy. You get to make the decisions, you get to operate your business in a way that makes sense.
2. Know your Why.Understand your reason for getting into the gig economy and let that guide you.
3. Know the relationship with the gig companies.
They aren't our employers. They're not our bosses. They are our customers.
4. Running a business means your customer will try to screw you.
It happens everywhere. And businesses thrive. Remember that you're the one in control of the relationships you get into.
5. Think profit.
The money you make is NOT the money that gets paid to you by Uber Eats, Doordash, Lyft, Grubhub, Instacart or others. What you earn is what's left over after expenses.
6. Give Yourself a Paycheck.
Get a bank account just for your business. You can try Novo (affiliate link). Save money for expenses, taxes and paid time off (Hurdlr has a great calculator for figuring taxes). Then pay yourself the difference.
7. Give your time a value.
Time is money! But how much money? Decide what your time is worth.
8. Set your price
Based on your why and the value of your time, set a standard for when gigs are worth accepting.
9. Make Business Decisions.
You decided your why. You set your price and value for your time. Make decisions based on how it impacts your business, not on emotion and definitely not based on anyone's ideas of how you should make decisions.
10. Be Awesome.
A key to success for any business is how great they are. Gig work is no different.
11. Have an exit plan
Laws could change. Your preferences could change. Start planning for the great “What's Next?”
A couple other rules came to mind:
- No one owes you anything
- Never rely on just one customer.
What rules would you add? Contact us or leave a comment below.