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Understanding Profit and Loss in the Gig Economy

Too many independent contractors, especially in delivery and rideshare, evaluate their earnings in terms of the money that comes in.

You must understand that as a business owner, your earnings are your profits, or what's left over after expenses.

We look at how that works for independent contractors. The following articles discuss what it is to be profitable, how to keep track, and how to use that understanding to increase your net earnings.

Profit and Loss for Independent Contractors

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Ron Walter of

About the Author

Ron Walter made the move from business manager at a non-profit to full time gig economy delivery in 2018 to take advantage of the flexibility of self-employment. He applied his thirty years experience managing and owning small businesses to treat his independent contractor role as the business it is.

Realizing his experience could help other drivers, he founded to encourage delivery drivers to be the boss of their own gig economy business.

Ron has been quoted in several national outlets including Business Insider, the New York Times, CNN and Market Watch.

You can read more about Ron's story,, background, and why he believes making the switch from a career as a business manager to delivering as an independent contractor was the best decision he could have made.

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