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The last few months have seen a fascinating shift in the world economy. How we view work and the build-up of companies and people in organizations has changed because of the nature of the pandemic.

With more need for social distancing came the need for remote work. With an increased demand for skilled professionals came an influx of new job tasks on freelancing platforms. With an improved virtual labor force came workers creating start-ups to manage the “gig economy.”

I’ve always been an advocate of using your skills online and promoting your brand to build your own business. An online empire is built over time with consistent efforts of managing your skill sets but also treating it like any other business.

Try to move away from seeing yourself as just a freelancer, but an online business owner. Have a realization that the gig economy is actually a fast-paced movement to what may very well become the economy.

Flexible Scheduling And Staff

Once you start to grow your business, it will be a great move to become a flexible environment. Trust your knowledge of the business enough to set schedules for various workers to do tasks. Know enough of your monthly goals and their skills and capabilities to ensure project timelines and weekly goals are there for them to follow.

I’ve found that using tools such as Click-Up and Trello are great for organizing team members and their schedules and tasks.

Find a suitable Project Manager, and build out a team compliment that will be able to accomplish the mission and roles you set for the company. However, be willing enough to adapt and pivot when changes are required. 

Flexible Management

The constant thing about life is that you will always have to change. Having a change in your family situation, different needs in your company, new projects, new clients and tasks, and even the economy and the world’s problems can be factors that you will need to take in mind when solving daily management issues.

 

Be flexible to know how you can not just survive but thrive in any situation. Have come-back energy. Have great trust in your knowledge and understanding of yourself. Attempt each day to manage projects into the greater vision of your life and company.
(Eg. Know how to use Fiverr, UpWork, and Freelancer to gain new team members and manage them to complete weekly tasks).

 

This must then spill over to your associates and team members. You have to set the tone in terms of how the work is managed. Your energy, compassion, activity, and courage are what others in your team structure will see and wish to emulate. Be kind enough when there are issues and strong enough to lead to a better path.

Flexible Wages

According to Entrepreneur, “For client companies, using flexible hourly workers is trickier than with salaried employees. Each person may be available only at specified times. Yet all must be brought aboard efficiently, scheduled in teams as needed, and time-clocked for payment.”

This means you may have to find tools that can know work hours and habits, so you can pay each team member respectively (Eg. TimeDoctor is one such platform/tool). For workers that are more permanent, have the foresight to manage them with contractual arrangements.

Knowing how to run a new start-up during the new economy can be challenging. However, find the fun in working remotely. It has so many benefits that can thrust your ideas to build fantastic companies

Did any of these points ring a bell for you? If you need any help or some consulting advice, please reach out to me.

Let me know in the comments what you think. Tell us what you’ve been doing in the pandemic to start to grow your finances, thrive, and build teams along the way.