The Truth about Success in the Gig Economy

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In today’s day and age, “entrepreneurship” is cool.  Technically, if a 13-year-old boy gets paid by mowing his neighbor’s lawn, he is already an entrepreneur.  But more specifically, how should we define “entrepreneurship” in modern-day society where almost everyone says they are an entrepreneur?

  • Real entrepreneurs and how to start. In reality, if you buy a business and become a franchisee, you are not an entrepreneur, because a real entrepreneur is someone who creates something new.  But when you create something new, it’s not easy to make money, and it’s particularly hard if you need money fast.  The best way to deal with this problem is to do the most obvious things first, i.e. join the gig economy.  That’s how you get started and test your ideas.
  • Understand the portfolio career. Someone in our parents’ generation probably had one job in their lifetime; someone in our elder siblings’ peer group probably has had five jobs in their lifetime; someone like us (young people in their 20s and early 30s) will probably have five jobs at the same time.  In fact, this is called a portfolio career, a typical career in the gig economy.
  • Instead of waiting for things to happen to them, successful people happen to things. When I look at my portfolio career, I can see that I have five jobs simultaneously right now.  And there is another portfolio within some of these ‘jobs’ because I’ve joined the gig economy for quite a while.  You may wonder how I’m able to thrive in the gig economy.  The truth is I always proactively pitch to my clients regularly when the time is right.  In other words, I happen to things rather than let things happen to me.

Original post The Truth about Success in the Gig Economy