Do-It-Write Logo
S T A R
Strategies, Tools, Actions, Resources
to Transform You into a Career Superstar
Vol. 5, Issue 3, August 2009

in this issue

Freelancing and Entrepreneurship: Opportunity in Difficult Times

Private Firms Recruiting Displaced Top Executive Talent

Fast Facts


 

Freelancing and Entrepreneurship: Opportunity in Difficult Times
Home Office

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.

More information...

Greetings!

Do-It-Write, Inc., is the career marketing company that empowers you to be your best and unleash the power of choice by creating a personal brand, providing you a deeper understanding of your value in the marketplace, ramping up your job search, and enabling you to negotiate prime compensation.

"There is no security on this earth. Only opportunity."—Douglas MacArthur


  • Private Firms Recruiting Displaced Top Executive Talent
  • Another hot trend is private firms using the economic downturn to advance their competitive position by recruiting senior and executive level professionals who have been downsized or laid off.

    Daryl-Lynn Carlson, writing in June 2009 for the Edmonton Journal, cited a Deloitte Touch LLP study showing that leaders of private companies are optimistic and opportunistic because of the recession. Peter Brown, a partner at Deloitte, noted that "most private companies were coming into this recession in a relative position of strength."

    Private companies are actively searching for top talent, specifically those who the company believes will make a good fit, said David Bowden, president of CIM, a privately held brand marketing and sales management firm in Canada. His company recently added four senior executives and is looking to add others with different skills, Bowden said.

    Carlson reported that the Deloitte survey included roundtable "discussions with groups of 10 to 15 chief executives in various regions across the country" and these companies "ranged in revenue value from $25 million to $500 million."

    Read more...
  • Fast Facts
  • More Older Americans Searching for Work: In the past year, there has been an 80% increase in the number of Americans age 70 and older searching for employment to supplement their incomes because of the recession's negative effect on 401(k)s. Also, higher food and medical costs are cutting into their retirement incomes. Because older workers take part- time jobs that normally are filled by high school and college students, it worsens the existing job shortage. Another trend is that more older workers (age 50 to 64) are delaying retirement because the value of their 401(k)s has declined. A majority (54%) say they plan to work at least 3 years longer than they had originally expected, and 34% expect to work an additional 5 or more years. (Source: AIRS)

    2009 Supply Management Salaries: A recent article on Thomas.net discussed the results of several 2009 annual salary surveys of supply management professionals. While the average annual salaries of manufacturing managers overall in the U.S. declined over the past year, the Institute of Supply Management (ISM) says that the average annual salary has increased each year it has performed its annual salary survey. According to the ISM's 2009 Salary Survey, 86% of respondents reported a salary increase in 2008. Average annual salaries ranged from $46,869 for entry-level supply management professionals to $256,560 for chief, purchasing/supply management/sourcing. The highest average salaries were in the Pacific, Mountain, West North Central, West South Central, and East North Central regions. Of the 19 industry segments, Transportation and Warehousing had the highest average annual salary ($133,195). One of the biggest factors in increasing a professional's salary is a bachelor's degree or higher. Among all degree holders, the highest average salaries were for those with a technical/engineering degree ($127,124). For average salary gains in 2009, the Logistics Management's 25th Annual Salary Survey showed that U.S. companies are starting to place more value on logistics and supply chain talent (VP and GM had a 12% gain in 2008 over 2007; corporate and division managers saw a 4% gain; and logistics managers had a 4.5% gain). (See 2009 Supply Management Salaries for more details)

    :: 919-806-4690

    Email Marketing by