Those unknowns include the growth rate of China's GDP, fallout from Brexit, and, of course, the results of the U.S. presidential election.
That extreme uncertainty is souring the world economy. Business never felt comfortable amid too many question marks. So, the usual course of action is to slow down everything from investment in capital improvements to hiring manpower, including contract labor.
So, what should gig economy workers do to both empower us to keep getting assignments and to protect ourselves from getting stiffed. Here are 4 tips.
Tailor your marketing communications to narrow niches. Organizations are demanding very specific experience and skills. That's because they need immediate results. Yes, create resumes, cover letters, and interview approaches customized for those target markets.
Be flexible in terms and conditions. You may learn more in the assignment providing $30 an hour than in one offering $40. The new game is to keep increasing marketable credentials. The way to choose assignments is to ask: How transferable is what I accomplish here to pitching for other assignments.
Avoid organizations with cash-flow problems, unless they pay you immediately. It's so destructive to your motivation to do an assignment and not be paid. In many situations, I require a down payment as a sign of good will - and financial solvency.
If a current client runs into cash-flow problems, you probably will have to halt doing work for it. That can run counter to your mindset of being loyal to the client. But your first responsibility is to yourself to earn your living.
Phase out of accounts in which client seems to have issues. Money isn't everything. More important is maintaining our own energy and enthusiasm. A client with issues can drain us. It is a hit to our pocketbook to phase out of that account but we may have to. Those issues might range from denial about market conditions to a bad case of Obsessive Compulsive Disorder.
If we take care of our own business, we could ensure that we are working on assignments we can leverage and get paid on time. Those 2 are the new bottom line in being a contract worker