#79: Commence Recession, How Can You Be Ready?
3 step framework for driving change in a recession - prioritize, digitize, ship fast/cheap/together.
🚨 Don’t Miss, THIS WEDNESDAY - The Future of Talent Marketplaces
We’re getting tactical with 3 industry leaders - Upwork, Fiverr, Vicoland.
There will be 30 minutes of Q/A, reply with your questions :)
Recession Preppers…we’re here (check out Planet Money’s episode).
There’s plenty of smarter people writing long articles. But for this very moment, let’s answer two questions (disclaimer: I am NOT an economist):
What to expect
What you can do asap
1. What will this recession bring?
We can assume the below challenges won’t stop for the next 6-12 months.
Hiring Freezes/Layoffs
Inflation
Gas isn’t coming down
Go look at your childhood home on Zillow…most likely it’s up 2x 🤯
Great Resignation (will slow down, but continue amongst high performers).
2. What can you do?
The work doesn’t stop. Your goals don’t go away. You just have less resources.
Prioritize
What do you NEED to be working on
Your goals won’t stop.
Digitize
“Necessity is the mother of invention”
Covid was your warm up. You NEED to digitally adapt your workflow and talent acquisition.
How to digitize your workflow:
Default from in office to remote
Default from working hours to a-sync collaboration
Default from talking to writing/documenting
How to digitize your talent acquisition:
Default from full time employees to contractors
Default from resume’s to outcomes
Ship Fast, Fail Small, Iterate Together
Agility is a cute buzz word to help enterprises learn what makes startups successful. Instead of reading the Lean Startup, use this strategic framework to navigate your 30/60/90:
Ship Fast - instead of taking months, what can you do to complete outcomes in under 2 weeks?
Fail Small - experiment cheap
Iterate Together - Tasks and projects change, but NOT keep the team together, both full time team members and freelancers.
🙌 The Human Cloud and Education
The FIU Honors College is partnered with us and Parker Dewey to connect their students with companies in the freelance format of micro-internships.
Here’s Jiselle Wilson, an FIU Honors College student who landed a full time role within a year of her first micro-internship. In her words, “I love what I’m doing there…it fits into my schedule, they understand I’m a student, and I get to explore more about myself.”
🎧 A Couple Episodes You’ll Love
Burnout with Jim Young. This is ever crucial as we head into hiring freezes.
Cultivating Strong Culture with Angela Howard
The Future of Flexible Careers with Stephanie Nadi Olson
Upgrade to Access:
Templates for SOW’s, Onboarding, Project Kickoffs, etc
Full transcripts from each leader
Leadership decks to copy/paste from
Don’t feel like paying? Start the free trial, download the templates, then cancel. As a freelancer that’s what we do with most of these freelancer productivity solutions anyway lol
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