As a small business owner, it can be difficult to reach the same level of success as a larger corporation on the market. There are various issues to contend with in a competitive marketplace. Costs need to be kept to a minimum, while promoting internal and external growth of your company in new and exciting ways, and offering fresh services and solutions to clients. If you become stagnant within the market, then your business will be forgotten and replaced with a fiercer and more active competitor. Running a small business is in many respects a balancing act. What’s the solution to this dilemma? One component includes utilizing the gig economy, which has been a solution that small business owners have seen great benefits from. By hiring freelancers instead of full-time workers on permanent contracts, small businesses are able to cut spending in their company through a more flexible business model. Through this article, we will address the practical applications of the gig economy and how your business can benefit from hiring freelance engineers.