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Future of Work

One of the things I missed about being self employed is not having colleagues to try out new lunch venues or chill at tea, “whatsup” catching up with office gossip, and especially the learning workshops we were forced to attend. And the travelling. Which was quite fun, since it was only 10%, in my work – no budget. The free newspapers, so essential to keeping up with research and client information.

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While I enjoy managing my own time, minimal department meetings, no office politics (I still have a boss. My clients are my boss.), there is a downside to being a free lancer/ gig economy worker/ self employed. Lonely. Iron sharpens iron. (Confessions of an introvert.)

How do freelancers thrive in the future of work?

NTUC has set up a chapter for Free lancers and self employed, check out their facebook.

There will be an upcoming 2 day workshop to equip free lancers with digital skills, considering that coaches can still be paid through cash, app, and internet banking.

Step One: Company Name and type of work

First, think of a name for your company and register it with the government. Set up an ACRA account. Its not difficult. https://www.acra.gov.sg/

How do you use your time wisely as a tennis coach, if classes are cancelled on a rainy day?

Today, many of the younger generation prefer to be self employed. Digital tools have made it possible.

Step Two: Join NTUC FSE

Join a community. Why? Social, getting ideas, learn something. Example, how to pitch yourself?

There are a number of associations to join:

Singapore Association of Motion Picture Professionals
Screenwriters Association (Singapore)
IoTalents for online and IT workforce
Caregiver Asia
Creatives at Work (CAW) for media freelancers
Tueetoer (for free lance tutors)

Step three: Market yourself

Get a professionally done photograph, nothing fancy, but very presentable @ caregivers asia. You can check out the photographs done for their freelance caregivers. Joel Tam.

You can start a Facebook, Instagram or even Blog. Register with a number of providers like Fiverr, Upwork, Tueetor etc.

72 Best Freelance Jobs Websites to Get Remote Freelance Work (Fast)

You can create a podcast with your mobile or a youtube video.

For a lady who does storytelling for children. She was articulating the benefits of her course. Learning while playing. Joel articulated that her blog could include a simple Powtoons tip of the day for parents, “Three things your child can play while learning without realising.”

Even creating Infographics. I especially like the tip of how Joel broke into writing reviews for cars. He took a photograph of his own car and sent it to major automotive brands. Wow. Such a simple and impactful idea. Sometimes, just talking to someone who has done it, helps break down the “barriers in our head”.

Many of the self employed entrepreneurs I discovered, wear multiple hats and have multiple streams of income. Joel is Marketing Director at Caregivers as well as Care review etc.

Recognise that you need T-shaped skills. Deep expertise, applied to different businesses.

An important tip he shared was, if you have 70,000 followers on your Instagram account, but they are not in your target market, then you may want to start afresh. Localise your content. Especially for freelancers working towards a local clientele.

Step 4: How do you hook clients with a strong pitch?

In your self introduction, dont just talk about ideas. Talk about yourself as an idea. Your transformational journey, eg from a chemical engineer to a muay thai instructor, and how those little bits of you are combined to make you who you are today.

Not just another mindfulness instructor, but a sports coach who combines mindfulness in the journey.

What are three superhero characteristics you bring, from your life journey?

I was a _________. (Painpoint: A conflict I felt _________. I decided to ________. The pivot helped me _____________.

So what are you waiting for?

From IQ to EQ to AQ

Adaptability Quotient

Anticipate needs and create opportunities
Drive positive energy
Accelerate constant innovation
Partner: exchange ideas and
Trust: mutual growth

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Photo credit: himself taken at the Singapore Bird Park.

According to a study by Kornferry only 15% of leaders have what it takes to self- disrupt and be ready for the future.

How are you equipping yourself for this change?

Introducing: A new breed of future-ready leaders – Korn Ferry Focus
https://focus.kornferry.com/leadership-and-talent/introducing-a-new-breed-of-future-ready-leaders/

Southeast Asia: An Emerging Market With Booming Digital Growth https://www.visualcapitalist.com/southeast-asia-digital-growth-potential/ Singapore Startup Grants Funding Sources – 2018 Guide | Business Funding https://www.startupdecisions.com.sg/singapore/incentives/startup-funding-sources/ 16 Singapore Start-Up Grants and Schemes | Rikvin https://www.rikvin.com/incorporation/funding-options-for-singapore-startups/ Funding Options for Singapore Startups | Rikvin https://www.rikvin.com/incorporation/funding-options-for-singapore-startups/ http://hollandinnovation.sg/start-up-ecosystem-in-singapore/ https://www.techinasia.com/startup-guide-singapores-tech-scene Thailand https://aseanup.com/thailand-startup-ecosystem/ Social Impact Hong Kong Start Up Community https://www.whub.io/ http://cogsagency.com/looking-for-people/everything-need-know-opening-start-hong-kong/ Start-up networking in …

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US President Trump has made a clear statement about US not subsidising the rest of the world, and imposing tariffs on its trade partners. We also see US and UK companies increase their investments in Asia bypassing tariffs.

Without the backing of political relations, will US companies finally look at increasing local relevance rather than exporting US based designs and R&D?

Especially in the digital and security space where US companies dominate, we are seeing intra regional trade, ASEAN, India-China, China-Korea and Europe-Asia Pacific as engines of growth.

These are some areas to watch out, especially in Digital innovation and the disruptive stress it brings, we see growth in the beauty/wellness/ entertainment sector, food security, cybersecurity and the financial sector that fuels these disruption!

  • Industry 4.0

    Urban Solutions and Infrastructure
    Companies investing in Digital Innovation Lab in Singapore
    Dyson
    Amazon
    ABB
    Alibaba
    Danone
    Google
    Microsoft
    Facebook
    Syngenta
    Schneider Electric


  • Beauty/ Wellness area
    20-30% increase
    Luxury brands driven by Milinieals
    Globally, the average age of people buying Porsches is 56, according to Dong Tao, a prominent economist with Credit Suisse. In China, the average buyer is just 36. Nikkei


  • Digital entertainment

    Digital content
    Razer
    Garner
    Major brands spend 40-50% on digital marketing in China

  • Digital Finance
    Fintech


  • Asia Pacific Hub
    Cybersecurity
    Finance
    HR/ Recruitment
    Organisation Development and Learning
    Taxation

What Singapore lacks in space and scale, its assets are density, connectivity and location between East and West, hub to East Asia and South East Asia. Singapore is an excellent test bed and pilot for new technology.

Singapore has been an early supporter of the BRI. Nearly a third of China’s total outbound investments to BRI countries flows through Singapore; while Singapore’s investments in China also account for 85 per cent of total inbound investments from BRI countries. ST

  • What are some trends shaping your industry?

Southeast Asia: An Emerging Market With Booming Digital Growth
https://www.visualcapitalist.com/southeast-asia-digital-growth-potential/

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Alibaba Hema Supermarket eating live seafood cooked on the spot
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Starbucks Reserve

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Getting your portraits done in Lego blocks for 999RMB only. ONLY?

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In Shanghai, brands are fighting online consumption by creating experiences for their customers.

Whether it is your own portraits done in Lego bricks, or creating your unique Nike designer shoes, to creating mini stadiums to cheer your favourite team in the Adidas concept stores. Everything is created for instammgramable moments.

Are you afraid that your job will be disrupted? Not because you have a bad attitude, its business actually. Your job may be relocated to Ireland or your Canadian boss’s friend wants to work in Asia, and she can do your job.

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Chinese painting at the National Gallery of a typical market in Singapore depicting a fruit seller with coconuts and various types of local bananas. We hardly see these fruit hawkers anymore. A life disrupted.

According to global research by coauthors Willyerd (coauthor, The 2020 Workplace) and Mistick (president, Wilson Coll.), the concern is widespread.

The megatrends shaping tomorrow’s workplace will require new skill sets. The book outlines five key strategies we need.

1. Learn on the fly.
CCL uses a 70-20-10 model, 70% of learning happens informally on the job, 20% through relationships with mentors, managers or coach and 10% from formal courses or training.

2. Have an open mindset
Constant learning is better than mastery.

3. You need options
Build a diverse network, connect to people who can help your future.

4. Be greedy about seeking out experiences

Look Sideways
I enjoy the practical stretch breaks recommended in the book esp p137, “look sideways”. 
1. Volunteer for a non profit to get different experience.
2. Ask for a short term assignment
3. Work with your employer to host a hackaton and build a software based product.
4. Express yourself. Tap into your other interests. Learn bl9gging skills by writing about food or your favourite city.
5. Extend your presentation skills as an adjunct at your local college.
6. Give a brown bag talk on a topic or ideas you yourself would like to learn more about.

5. Bounce forward
Dont bounce back, bounce forward. Celebrate your little success with friends!

You have brains in your head.
You have feet in your shoes.
You can steer yourself any direction you choose.
You’re on your own.
And you know what you know.

And YOU are the one who’ll decide where to go…”

Dr. Seuss, Oh, The Places You’ll Go!

The authors’ research was sponsored by Oxford Economics and SAP (Systems Applications Products) and includes their megatrend analysis as well.

Stretch: How to Future-Proof Yourself for Tomorrow’s Workplace