The economy will continue to grow as technological innovations progressively move toward creating better infrastructures and more comfortable, fast communication. Being that said, dreamers can now have the chance to be movers, especially the millennial entrepreneurs. They can now find better opportunities to market their products and services, even their skills.
GoDaddy’s CEO, Blake Irving, calls entrepreneurs as the lifeblood of the economy because their ideas become a channel for others to find a living, if not wealth.
In GoDaddy’s Global Entrepreneur Survey 2016, it shows three demographics of entrepreneurs: Baby Boomers, Generation Xers, and Millennials. The result presents a six-times larger group of Millennials (50%) joining the world of entrepreneurs compared to other generations.
Irving asserted that the Millennials (anyone born between 1981 and 1996) join with a hyper-focused on self-driven projects in every aspect of their lives—from entertainment to their livelihoods. And like the Baby Boomers, “their quest for autonomy is perfectly timed with the intersection of new technologies that make starting an independent venture easier than during any other period in history.”
The research was conducted in 11 countries with a sample size of more than 7,000 people and 2,500 small business operators.
Please take note that the new era of millennial entrepreneurs is coming from different fields. In this context, I want to deal with the freelancers: a group of self-employed or independent entrepreneurs. Freelancers are not only a group of writers, but they are also arising from various specializations, such as Web developing, graphic designing, providing customer service, doing e-commerce, marketing, consulting, accounting, engineering and architecture, data analytics, IT networking and so on.
As of 2013, the United States had already employed 14 million outsource workers ranging from technology to call centers, human resources, and manufacturing. In Forbes’ article, “23 Trends That Will Shake The Business World In 2018,” freelancing is also on top 2, next to Instant Messaging Platforms, and online shopping is on the fourth.
Forbes has recorded the words of John Rampton of Calendar saying, “I already work with many freelancers, but as I grow, I expect that all my workforce is going to essentially be a freelance workforce rather than any traditional employees. This is a good thing, as it allows me to scale up and down with different businesses I am working on, and implement projects on an on-demand basis.”
The opportunity is continually expanding, and it will not stop soon. I want, however, to focus on the rising number of freelance writers, especially from the Millennials block.
It has been estimated that there are about 1.5 million online freelancers in the Philippines. The study is based on research from UP School of Labor and Industrial Relations by Kimberly Tabuga as noted by Rene E. Efreneo in his article “Rise of Freelance Work Force” in Business Mirror dated August 16, 2018. It is recorded that the Philippines is said to be third after India and the United States which has about 57.3 million freelancers as of 2017.
Freelance writing is changing the wave of entrepreneurship and the economy in general. Do not miss the opportunity that arises.
I would like to conclude this writing with the words from Instagram CEO, Kevin Systrom:
“If you’ve got an idea, start today. There’s no better time than now to get going. That doesn’t mean quit your job and jump into your idea 100 percent from day one, but there’s always small progress that can be made to start the movement.”