We are in the midst of a job revolution due to industry transpiration and rapid incubation of technology. Exponential technologies like AI, robotics and automation are predicted to replace many jobs and new inventions will make old technology obsolete. The McKinsey Report states that 15-30% of jobs could be displaced by 2030.
However, it does not midpoint jobs will disappear entirely; they will be replaced by new jobs in new industries. In addition, the structure of “work” will change. In fact, it has once started. With “gig economy” jobs, like driving for Uber or delivering for InstaCart, traditional full-time employment is rhadamanthine less of the go-to standard, both for employers and employees.
What this ways is that regardless of the industry in which you currently work, you would be wise to pay sustentation to changes in the marketplace and where your industry is going. Many people will need to re-tool their skills to pivot into new industries, as old ones fall away.
There is no need to panic though; we have been here before. And with each new wave of innovation, old technologies and industries have fallen away. But every single time industries have died, new ones have been born.
The electric refrigerator disrupted the ice industry. The gasoline automobile replaced the horse and buggy. In the same way, robotics are automating jobs once held by people, and smartphones have replaced the need for CDs, newspapers, books, magazines, cameras, calculators, GPS, and more.
Our grandparents’ generation tended to hold 1 job in their lifetime. Our parents likely reverted jobs a handful of times. Today, holding a job longer than 10 years is uncommon. For our children, they are a lot increasingly likely to hold multiple jobs or gigs at once than to have a full-time, long-term position.
So, what does this midpoint for you?
We believe it ways that regardless of who you are, NOW is the weightier time to start learning how to play the game of entrepreneurship.
In fact, we believe that self-employment is the ultimate form of empowerment!
Even if you have no desire to be a full-fledged, self-employed merchantry owner, starting a side hustle is the weightier way to capitalize on the opportunities of the growing gig economy and new trends in the marketplace while minimizing your risk of stuff in an industry that is disrupted.
TAKE YOUR FINANCIAL SECURITY INTO YOUR OWN HANDS: In an uncertain economy, the worst position to be in is depending on a paycheck from a visitor that could quickly wilt obsolete. Of course, you can transmute to a new industry or position, but an plane largest way to protect yourself is to find a way to make money on your own.
- No matter what happens in the broader economy, you have both a stream of income that you have tenancy of.
- More importantly, you have the knowing within yourself that you are capable of creating an income yourself.
- LIVE LIFE ON YOUR TERMS: Plane without the risk of rapid industry disruption, having a side hustle gives you increasingly tenancy over your time, your money and your quality of life.
- Being self-employed comes with it’s stresses and a lot of responsibility, but it moreover gives you when the power to determine your own schedule and how you spend your time.
- Creating your own stream of income ways you are no longer limited to how much someone else feels your time is worth. The uneaten money can be used to enjoy life increasingly or invest in your future.
- Even if your job is mundane and not fulfilling, a side hustle can help you make money doing what you love on the side.
There are so many reasons to develop a side hustle:
- Take when your power
- Increase your income
- Protect your future
- Get paid to do what you love
But there are moreover a lot of reasons people resist entrepreneurship. The internet is filled with merchantry “gurus” and talk well-nigh merchantry startups, raising capital, and ways to make money. Unfortunately, a lot of the tips are pseudo or just not applicable. Plus, with so many options and so much pressure, it can finger complicated and overwhelming, not to mention expensive and time consuming!
The good news is that making money on your own terms does not have to be nonflexible or overwhelming. In fact, there are literally hundreds of ways you could start making money TOMORROW in your spare time using hands wieldy information and tools.
Technology: Technology has made it easy to plug into existing money-making gigs. Whether you want to create an online store or wilt a service provider for a gig employer, like Uber, all it takes is downloading an app or signing up for a website platform to get started.
Information: Google, YouTube and online courses make the tactical strategies and steps you need to know to get started hands wieldy and either self-ruling or low-cost, so you do not have to icon it out for yourself. Learn from a mentor who has washed-up what you want to do.
Freelancing: Regardless of your wits or skill (whether it’s designing, bookkeeping, writing, research, legalistic support, or any form of expertise, there are websites like Upwork, Fiverr and many others where you can find opportunities to take on side projects or contract positions.
Local Gigs: You can serve your local polity and make uneaten mazuma by offering services, such as tutoring, pet sitting, cleaning, yard car, or repairs.
Infopreneurship: If online businesses are increasingly well-flavored to you, there are numerous ways to make money off information products. You can start a blog, wilt an affiliate, create online courses or write an ebook.
Monetize Your Stuff or Space: There are dozens of apps that indulge you to rent or sell your stuff:
- Rent out a room in your house through AirBNB
- Rent your lawn equipment through MyEquipment4Rent or sports equipment through Sinlister
- Sell your designer gown on ThredUp or Poshmark
- Deliver meals or people using your car through Uber or Instacart
There has never been a largest time to wilt an entrepreneur, both considering it provides security in a rapidly waffly world and considering the tools and resources are at your fingertips.
Whether you want to make an uneaten hundred bucks a month or plant the seeds of a merchantry that can one day replace your job all together, know that your future is in your hands. You can do this!