The Gig Economy: Freelancing, Trading and Short Terming Your Way to Leaving Your 9 to 5
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This post is about the Gig Economy, an emerging trend where professionals are defining new versions of Professional success
Ready to Quit Your 9 to 5?
What’s the best way to quit your job, travel the world, and pursue your passions?
A lot of different people claim they have the answers.
My thoughts: by having a carefully created, detail oriented plan, you’ll be able to plan, create, and execute your definition of a life worth living.
Tired of working your 9 to 5?
A lot of professionals struggle with having to deal with difficult co-workers, long commute times, and uninteresting, or boring work.
Mindfulness is becoming more important in the workplace - with traditional workplace perks like snacks, remote work days, and unlimited vacation days becoming the norm for startups wishing to attract valuable workforce talent.
Employees are demanding more from their employers - seeking other forms of compensation outside of traditional forms like healthcare, insurance and more.
With the emergence of technology, new definitions of success, and a creative revolution, a perfect storm of opportunity formed for the Gig Economy to develop.
The Gig Economy - a place where individuals could trade traditional work relationships for more short-term, shared resources.
An opportunity to define yourself outside of traditional work norms, and instead, to choose to compliment your professional definition of success with your personal definition of success.
In my 30’s is when I really started noticing the Gig Economy. At the time, I was working for Dedicated Media - earning 6-figures per year.
I knew that I wanted to launch my own business, but I wasn’t sure exactly what I wanted to do.
The Gig Economy was the perfect way to test my idea before making the leap to full-time startup founder.
If you’re interested in learning about the Gig Economy and how I quit my job, traveled the world and generate 5-figures in revenue, keep reading.
From Employee to Startup Founder
I’m the founder of not one, but two startups.
Food Tribe is a 360° platform restaurant technology company helping connecting restaurants to diners.
I launched Startup Sharks in 2016 - as a way to both pay my bills and as a way to add value to my clients - who I help with marketing, branding, and product launches.
Along the way, I’ve noticed founders making some of the mistakes I made - and decided I was going to spend my efforts delivering value by showing you some of the lessons I’ve learned along the way - hopefully, you don’t have the learn the same lesson twice.
I mentioned to you guys a while ago that two years ago, I got fired from my job.
I was lucky enough that I had a fall back plan - I had been working on my side hustle before I lost the job.
However, the road hasn’t been easy.
I made a lot of mistakes along the way, and ultimately, made life more painful than it had to be.
Which is why I smartened up - I wrote down my mistakes, recruited help, and used data to begin delivering more effectively.
After speaking with a lot of you, it sounds like you’re in the same circumstance I was: overworked, uninspired, and under appreciated.
Global studies reveal that 79 percent of people who quit their jobs cite ‘lack of appreciation’ as their reason for leaving
The thing is, you don’t have to wait until you get fired, or until you can’t take it anymore and go on a 12-month trip and burn through your life-savings.
You can learn what fuels you, build a great network, and make money - all BEFORE you leave the safety and security of your 9 to 5.
Keep reading if you’re interested in learning about the Gig Economy, and how YOU can participate.
What The Gig Economy Is
Which is why I’m here today - I want you guys to learn from my mistakes.
We’re living in a VERY unique time in the world - technology has meant more opportunities, mroe access and more resources than just about any other time in history.
So today, I want to discuss the gig economy - or that industry that allowed me to leave my job, travel the world, and launch my side hustle.
So - what exactly IS the gig economy?
A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements.
The trend toward a gig economy has begun.
A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors.
When Did The Gig Economy BegIn?
The modern era of gig economy started in the early 2010’s when apps like Uber, Lyft and TaskRabbit had exciting new products, but who’s business models weren’t built for full time employees.
Independent contractors, and freelancers were needed in order to help these companies reach that level of critical mass.
Who’s Involved in the Gig Economy?
A lot of online media publications would have you think the Gig Economy is full of “Millennial slackers” - this couldn’t be further from the truth.
Like all industries, the Gig Economy is complicated, and made up of range of various different people - all at different stages of their lives.
Before we move forward, we should make some clear definitions.
The Gig Economy is a vast, complicated, ever changing though, so it’s important to make sure we’re using the same language when explaining things.
Features of the Gig Economy
Features 57 Million U.S. Workers
Members of the Gig Economy
Employers looking for part-time or flexible employees
Professionals looking to make ends meet or increase household income
Part-time employees, students, retirees
Benefits of the Gig Economy
You might be asking yourself - why are so many people starting to get involved in the Gig Economy?
The truth is, it depends on who the individual is.
Some common reasons include:
The educational gap may be contributing to the growing gig economy
Changing attitudes towards work is driving more people to freelancing
Employers are increasingly using gig workers to lower costs and meet project needs
Technology and infrastructure are growing to accommodate freelancers
The Startup Sharks philosophy means that we believe in balance - for every good feature of the Gig Economy, its only fair to point out some of the challenges and difficulties you might face as a result of participating.
The Gig Economy by nature involves short-term, low maintenance agreements - which is part of the charm.
Less formal relationships between stakeholders typically means less paperwork, less headache, and less maintenance - IF, you’ve been able to properly structure your relationship.
Part of the challenges of the Gig Economy are that roles aren’t always clearly defined, expectations aren’t clearly explained, and ultimately, a poor working relationship develops.
Startups like Uber, Airbnb and Lyft have all shown us some of the different challenges you see working in the Gig Economy:
Oftentimes, employers won’t offer benefits like health or life insurance
Seasonal or short-term employment
Blurring the line between employee and contractor
If you’re still interested in learning more about the Gig Economy - keep reading.
Below, you’ll learn some of the different places you can see the Gig Economy in your everyday life.
Discovering the Gig Economy
Thanks to technology - namely the smartphone and the Internet, the Gig Economy is quite literally everywhere.
Independent contractors and freelancers now have access to organizations of all sizes in order to trade products and services - online and offline, across borders, timezones and more.
Technology has made access and communication as seamless as pressing the “send” button, which means that the Gig Economy is around you at all times.
Why The Gig Economy is important to you
Which means that if you’re able to take advantage of the Gig Economy - to use the Gig Economy to reach your goals - well, your dreams might come true.
You might earn enough side money in order to take that trip to Thailand.
You might be able to put the down payment on that new car you’ve been eyeing.
It might mean quitting your 9 to 5 and finally start living the life you had always envisioned for yourself.
How to PArticipate in the gig economy
If you’re interested in participating in the gig economy, pay attention, I’ve got some materials I’d love to give you for FREE.
You’ll learn how to select the best way for you to participate in the Gig Economy - identifying what kind of business you’d like to offer.
From there, we’ll learn how to effectively use our time in order to land new clients and manage multiple projects.
Then, you’ll launch - helping you develop a side hustle that allows you to participate in the Gig Economy.
What to Ask Before You Begin…
If you’re ready to begin, all you have to ask yourself - am I ready to figure out a way to live the life I’ve always dreamed?
If so, connect with me below.