#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 :)

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Recession Preppers…we’re here (check out Planet Money’s episode).

• 8.6% inflation last month. 11.3% if you’re in Tampa.

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):

1. What to expect

2. 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.

1. Prioritize

   • What do you NEED to be working on

     • Your goals won’t stop.

2. 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

3. 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.

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🙌 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.”

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🎧 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

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