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April 2, 2014

It's Time For A Change

Welcome to the new economy.

Just one generation ago, workers looked forward to coffee breaks and slices of office gossip between monotonous tasks. Boredom was tolerated in exchange for comfort and job security. Employers rewarded loyalty by depositing money into retirement accounts. We’ve all noticed this is no longer reality.

Gone are the days of working for one employer for life. 

Retirement accounts have dwindled. Loyalty is no longer expected or rewarded. According to employment experts, the job market is now a free agent economy (http://www.amazon.com/dp/0446678791/ref=rdr_ext_tmb). Many businesses, as well as state and federal agencies, strive to outsource tasks in order to avoid paying full-time salaries and benefits. Enter freelance work.

A way to gain new skills and earn money outside of the context of traditional employment.

One key difference between the old economy and the new one is this: we now have the power to create our own career trajectory through freelance work.

It is possible to make money through freelancing, but this work is not performed merely to make money. Your gigs are opportunities to gain experience which will empower you to take control of the direction of your career.

Imagine for a moment that you want a position as a social media manager. You currently have a 9-5 job as an administrative assistant.  Your job pays the bills but does not provide opportunities to build a resume for the job you want. The experience required to achieve your goal can be gained through freelance work in social media. In other words, your 9-5 job will never define you again.

Freelance workers are self-employed selling their skills to others.

We are able to choose how and to whom we will sell our skills and at what price.  The relationship is now freelancer-client rather than employer-employee. Without the structure of the previous employment relationship, challenges arise organically: time management issues, the need for constant self-discipline, and working just to get more work. The benefits of freelance work include: flexibility in schedule and work location, higher job satisfaction and income opportunities.

Do you have marketable skills that others will pay for?

In order to help you decide what you have to offer as a freelancer, here is a list compiled by Forbes of top ten most marketable skills along with their estimated rate of pay: http://www.forbes.com/pictures/lmj45mggg/business-project-management/. A marketable skill that transcends into both your traditional job and freelance career will build a strong personal brand.

The free agent economy is reality.

We live in an exciting time, but it is also challenging. Navigating the challenges of the new economy requires us to think outside of the box when it comes to achieving our career goals. You don’t have to survive in the new economy. You can thrive as a freelancer.
Have a Fabulous Day!

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