Freelancing and Entrepreneurship: Opportunity in Difficult Times
A recent article in the New York Times by
Kermit Pattison on freelancing brought to mind one of
my favorite Winston Churchill quotes: "The pessimist
sees difficulty in every opportunity. The optimist sees
the opportunity in every difficulty."
I recently had a client say he was seeing so much
opportunity that he was having a hard time narrowing
down what projects to pursue. He started up a
technology consulting firm late last year and is
considering additional business opportunities.
An executive friend of mine just left a company to
start his own real estate development firm, something
many people probably find hard to fathom given the
real estate situation.
While so many people are lamenting job loss and
economic decline, others are seizing the moment to
make their dreams and goals come true. Why is that?
Part of the answer lies in that many individuals too
often look for security or job openings instead of
opportunity.
Long before the current recession, the world of
work has been undergoing a radical transformation
from globalization and technological advances. In the
1995 best-selling book, Jobshift, William
Bridges argued that the move to an information- and
service-based economy meant that employment
would revert back to a project-based model that had
dominated the world prior to the Industrial
Revolution.
As mass manufacturing began to take hold early
in the Industrial Revolution, the only way to attract
workers was for management to offer set hours,
wages, and working conditions. Even so, many
people balked at the notion, fearing wage slavery
because they were accustomed to setting their own
working hours and wages based on supply and
demand.
In 1998, Bridges authored a new book,
Creating You & Co.: Learn To Think Like the CEO
of Your Own Company, to help individuals adjust
to new employment realities.
Now, more than a decade later, virtual and remote
teams are increasingly commonplace. And the way
people acquire education has also undergone a
transformation made possible by the Internet and 24/7
delivery of educational programming and services.
Students can earn reputable degrees online. These
are just some of the benefits of globalization and
technology.
As Pattison highlighted, more small businesses
are turning to the freelance market to find skilled
professionals to help them with a wide range of
services. That's one reason why recessions often
breed new entrepreneurs.
"A new generation of online service marketplaces
is giving small companies more opportunities than
ever to find specialized expertise and affordable
labor," wrote Pattison. Companies are eliminating in-
house services to slash costs and turning to
independent contractors. Because of downsizing and
layoffs, many skilled professionals are entering the
freelance marketplace.
Examples of general freelance marketplaces are
Guru, Elance, and oDesk. Many types of services are
available, including graphic design, creative services,
software engineering, IT support, administrative
services, data entry, accounting, HR, and
marketing.
In just the first quarter of 2009, Elance saw its
freelance business more than double over the same
time period last year, wrote Pattison. Who are using
these services? Elance's CEO said his clients include
mom-and-pop retailers, real estate agencies,
physicians, and manufacturers.
So if you're attracted by flexibility, variety, and
growth potential, then you may well find that
freelancing is a great career option.
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