American Workforce to be Majority Self-Employed by 2020
If you haven’t held a “traditional” job in years and feel like the odd one out, take heart: a study predicts that by 2020, the self-employed will outnumber workers who labor for other people.
My husband and I are ahead of the curve. With the exception of a brief W2 temp job I held at the end of 2011–and being as it was strictly temporary, I don’t consider it a “traditional” job–neither one of us has held a job since 2006. However, we have continuously worked during that time. He has focused on copywriting, and recently became a Team Beachbody Coach. My freelance work has been more diverse, ranging from med-legal transcription to copywriting to reputation management work to, most recently, launching my own Team Beachbody Coach business.
Realistically, most Team Beachbody Coaches fail. Some people blame the network marketing structure of Beachbody Coaching, but I think the blame lies in the fact that, even though independent work is increasing, most people are still stuck in a traditional job mentality. Self-employment–regardless of whether you’re doing network marketing–bears little resemblance to working for other people. W2 employees get a check for hours worked on a regular schedule. The self-employed put far more hours into their businesses than they ever get paid for. There is no such thing as making “fast easy money from the comfort of your home, in your pajamas.” The money never comes easy. It takes hard work, and a lot of it. We eat what we kill.
Our economy is quickly moving away from traditional jobs and toward independent workers. Arguably, the best option for most long-term unemployed Americans is self-employment. Many people argue that the biggest barrier to starting a business is money. I disagree. With the advent of the Internet, there are many businesses that can be launched with little or no money. The biggest barrier, I think, is breaking out of the traditional job mindset and teaching yourself to think like an entrepreneur, not an employee.