A misguided view on Freelance Economy

freelancing job

It’s possible that sometimes business experts got it all wrong. Or perhaps they are looking at the big picture that they tend to neglect the finer details. I don’t hold any MBA or doctorate degree but I can offer my educated opinion and I’m entitled to (because this is my blog).

Take for instance the article of BusinessWeek writer/Case Western Reserve University professor Scott Shane about the negative impact of the so-called Freelance Economy. Here’s the gist of this article:

“I’ve noticed a disturbing trend in what entrepreneurship in America is becoming. Over the past decade, we have been creating more non-employer businesses and fewer employer businesses per capita. (Employer businesses are companies that the Census Bureau reports have at least one employee; non-employer businesses have no employees.)…

Why am I concerned about this trend? Non-employer businesses aren’t the source of job or wealth creation that employer businesses are, which means the U.S. economy doesn’t benefit as much from them. By definition, non-employer businesses don’t create any jobs, and their sales and profits are quite low.”
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BookRenter wants to make education more affordable

bookrenter

Why buy expensive textbooks from college bookstores if you can rent it online? That’s exactly the promise of the startup site BookRenter.com. Users can save up to 75% by renting books. BookRenter offers over one million textbook titles and services more than 5,000 campuses.

This will definitely reinvent the traditional bookstore by providing a convenient, cost effective alternative to retail book sales.

Small business opportunities: Why not use rental model for other industries such as home improvement, sports, arts & crafts?

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Yoomi self-heating baby bottles a must have gadget for moms

Yoomi baby bottle

Here’s a cool business idea for small businesses catering to moms or new parents. Yoomi baby bottle has a built-in heating element to warm up milk or water with just push of a button. The warmer maintains the same temperature for about an hour and can be recharged for next use. Retail price set at £22

[coolest gadgets]