Business 29 January 2017
If you’ve heard of the gig economy before, you may not be sure if you’re apart of it. Are you a full time employee in a full time job? If not, you’re most likely within the “gig community” and may not have even known it.
According to Diane Mulcahy, professor of the “Gig Economy” class at Babson College in Boston, the gig economy covers anyone from a contractor, a consultant, a freelancer, a part time worker, and even on demand workers. Clearly it includes a lot of different professions, industries, sectors, and income levels.
Mulcahy is an expert on the gig economy, and has also written a book on the subject. To start off by giving you some of her wisdom, here are the ten “rules” Mulcahy lists to become successful in this economy.
1. Define your success
3. Create your own security
4. Connect without networking
5. Face fear by reducing risk
6. Take time off between gigs
7. Be mindful about time
8. Be financially flexible
9. Think access, not ownership
10. Save for a traditional retirement, but don’t plan on having one
Now let’s look at some of these aspects in more detail. Creating your own security and thinking access, not ownership are two very big points in today’s day and age. Within the job market, full time jobs are actually decreasing in favor of people who can do the work on the side or part time. There are so many changes in the business world that you can’t rely on any one job or any one employer. Full time jobs aren’t going to disappear completely and most people will hold full time jobs at some point during their career, but that isn’t what graduating students these days should strive for.
Therefore: create your own security. Figure out what your skillsets and expertise are, then brainstorm what kind of gigs you can do. There won’t be the financial and job security for something such as buying a house or a car, but with more living and transportation options available, those things aren’t as necessary as they used to be.
“The gig economy is here: it’s growing, it’s growing quickly, and it’s here to stay.”
The gig economy is also an economy of skills. You really have to constantly keep track of what your skills are, what your expertise is, what your value to the market is, and what people are willing to pay you. This falls under diversifying yourself and defining your own success. Ask yourself, how can you gain new skills? How can you expand your network and develop new opportunities for yourself? Developing this mindset is the most important.
Also on Mulcahy’s list is connecting without networking. This is especially important for introverts who abhor situations where they have to walk around a crowded room, introducing themselves to people who might be important. Great news--you don’t have to do that anymore.
Writing is actually one of the best and easiest ways to make connections with people. This could be on social media--tweeting or having a dynamic Facebook page-- or it could be writing articles for an industry publication or a blog. If you’re comfortable with speaking, you could also put out podcasts to reach people. With these techniques, people will come to you, which also makes your audience much more targeted and relevant to you. You have to put yourself out there, but on your own terms.
So what are some other skills that are important to have as a “gigger”? Make sure you’re somewhat proactive in the entrepreneurial field, as gigging often goes hand in hand with entrepreneurship, and make sure you have the financial wherewithal to go out into the gig economy. Savings and a lifestyle that’s financially flexible is what makes surviving in the gig economy both successful and beneficial.
With all of this information to digest, there’s just one point left to take in: make sure to take time off.
“Time is the new money--that is the scarce resource that we all are facing.”
Whether it’s for a week or a year, give yourself time to figure out what you want and hone in the skills you need to succeed.
We all struggle with how to balance professional and personal lives, and the gig economy allows you so many more opportunities to do that effectively.
6 Min Read
I live the pain and stress of being black in America every day: I am a black woman, the mother of a black son, sister to black men, and aunt to my black nephews. I remember what it was like as a young girl to be afraid to go to Howard Beach for fear of being chased out. I know what it's like to walk on Liberty Avenue and be called "nigger" and being so young that I didn't understand what the word meant, I had to ask my mother. I know too well that feeling in the pit of your stomach when a police car pulls up behind you and even though you know you haven't done anything wrong you fear that your life may be in danger from what should be a simple encounter. Like all African Americans, I am tired of this burden.
African Americans have a long history of having to fight for our humanity in America. We have had to fight for freedom, we have had to fight for equality, and we have had to fight for our lives. The fight continues to go on. I have often quoted that line from the character Sophia in Alice Walker's The Color Purple, "All my life I had to fight." When I say this to my white counterparts it can sometimes be uncomfortable because it's clear that they just don't get it. They view it as melodramatic. But it's not. It's part of the black experience, and it is the part of the black experience that black people don't want.
I have often quoted that line from the character Sophia in Alice Walker's The Color Purple, "All my life I had to fight."
While I was out yesterday, passing out PPE and talking to people, a woman asked me, "What is it going to take for this to change?" I told her that I think peaceful protesting is a good start. But it's just the start. We can't elect the same people for the past 20-30 years, some in the same positions, and then talk about how nothing has changed in the past 30 years.
This injustice, inequality, and inequity will not spontaneously disappear. It will take bold, outspoken, and fearless leadership to eradicate the systemic racism in our country. We must address the violence at the hands of a police force paid to serve and protect us. We must address the recurring experience of black people being passed over for a promotion and then being asked to train the white person who was hired. We must address the inequities in contract opportunities available to black businesses who are repeatedly deemed to lack the capacity. We must address the disparity in the quality of education provided to black students. We must address the right to a living wage, health care, and sick pay.
While we like to regard the system as broken, I've come to believe the system is working exactly as it was meant to for the people who are benefiting from it. We need a new system. One that works for all of us. I am running to become the mayor of New York City because I can't assume there's another person who has the courage to do the work that needs to be done to create a fair and just city.
We can't elect the same people for the past 20-30 years, some in the same positions, and then talk about how nothing has changed in the past 30 years.
There are some things we may not be able to change in people, but at this moment I think that whether you are black, white, purple, or yellow we all should be looking internally to see what is one thing that you can do to change this dynamic. Here's where we can start:
If we want change, we need a total reform of police departments throughout this country. That is going to require taking a hard look at our requirements to become a police officer, our disciplinary procedures when civilian complaints are filed, and a review of what and how we police. No one deserves to lose their life based upon the accusation of carrying counterfeit cash. We also need to hold police officers accountable for their actions. While it is their duty to protect and serve they should not be above the law. Even at this very moment, police officers are overstepping their boundaries.
If we want change, we have to build a sense of camaraderie between the police and community. A sense of working together and creating positive experiences. We have to be honest about the fact that we haven't allowed that to happen because we have utilized our police department as a revenue-generating entity. We are more concerned with cops writing tickets than protecting and serving. Even during these moments of protest we are witness to the differences made when the police supported the protesters and stood hand in hand with them or took a knee. It resulted in less violence and more peaceful protest. People felt heard; people felt respected; people felt like they mattered.
While we like to regard the system as broken, I've come to believe the system is working exactly as it was meant to for the people who are benefiting from it. We need a new system.
If we want change, we have to be willing to clean house. And that means that some of you are going to have to step up to the plate and take roles of leadership. In my city alone, there are 35 city council seats that are term-limited in 2021. There are some that aren't termed but maybe their term should be up. Step up to the plate and run. If nothing else it will let our elected officials see that they need to stop being comfortable and do more. We don't need you out in the street taking selfies or reporting the problems to us. We need solutions. We need you in a room implementing policies that will ensure that these things don't continue to happen.
If we want change, we need to support grassroots candidates that are not in corporate pockets, who are not taking PAC money, and who really want to make a difference to their community. We need candidates that know first-hand and can relate to the experiences that many of us are going through.
We are at a pivotal moment. It is inspiring to see people from all races and backgrounds in the streets protesting, standing up for justice, and wanting to see change. We must seize this moment, but we must also be mindful that change requires more.
People often ask me why I decided to run for office? I am running for me. I am running for the little girl that was called nigger on Liberty Avenue. For the woman who has been pulled over for no reason. For my nephew who was consistently stopped during the era of stop and frisk. I am running for your son, your brother, and your nephew. I am running so that the next generation will never have to say, "All my life I had to fight." Because although we won't stop until we see justice and changes that address inequality and inequity effectively, this fight is exhausting.