The Gig Economy can be very risky…if you are not prepared. Gone is the relative safety of the stable corporate job. Freedom, autonomy and potentially a much higher income may the lure of the Gig Economy. But obviously, there are the associated risks as well. How do you manage these risks? Here are some risk […]
I have discussed the growing gig economy driven in part by technological advancement. For many freelancers, we have to create our own income security by delivering value to others. And as most businesses are migrating online, anyone who wants to create an income stream must consider an online business. The success of your online business depends
I will keep you abreast of the latest technology developments around the world. These snippets will serve as examples to help us to understand the larger trends at play. And as in any technology change, there will probably be the bad as well as the good. I will share my own take on it. Medicine
Redefining success is a very important mind shift needed as we transit into a gig economy. But before we do this, we must understand that success by its very nature is subjective. So even before I can go into this topic, I want to first gain clarity on who makes up the gig economy. We
In an earlier post, I discussed 2 possible views of the future of work and technology. The optimistic view is that while technology will kill a lot of jobs, it will also create more new ones. In this view, AI is a net creator of jobs. The other view is less sanguine. Technology will lead
If you look at the history of automation, machines created more jobs than they destroyed. And history is going to repeat in this second wave of automation. This is one line of thinking. For example, when machines took over the job of weavers, the price of clothing dropped so much that demand for clothing increased.
Starting an online business is attractive for various reasons, namely… Low startup cost – compared to a brick and mortar equivalent Global reach You can work on it from anywhere that has an Internet connection It can be running 24/7 without much intervention from you Easier to scale as your business grows We mentioned this
In a previous post, we discussed John Hagel’s view of the top types of careers in a world increasingly dominated by the machine. He highlighted Creators, Coaches and Composers as the 3 kinds of careers that will do well. I added a fourth, the information Curator. But up to this point, we have not discussed