the great resignation, being pushed, and becoming superheroes

There seems to a growing awareness of a movement that's come to be known as "the great resignation" - Covid and the pandemic have forced people to re-examine of what they were doing almost automatically in their lives, and many are finding that they're unhappy with what's become their lot, and are spurring themselves to change that. Mainly by quitting the jobs that currently leave them unfulfilled to pursue hopes and dreams that will better feed their souls.

And it got me thinking about our origin stories as freelancers and entrepreneurs.

Usually, when people share them, they seem to echo the current 'great resignation' - people "felt the fear, but did it anyway" and heroically quit their jobs to pursue their dream. (and research studies like this one from theRSA re-enforce this)

But, as usual, my origin story isn't in keeping with this typical narrative. (TL:DR = relocated my family to the other end of the country in a pre iphone age to find said job didn't exist, and the first work I could find to allow my family to remain housed and fed meant I was forced to go freelance).

And it's made me wonder about if we should all try and be a little more honest about where we've come from (especially if it's not from what seems to be the usual position of having savings, a partner still salaried, and clients already confirmed, before jumping off an otherwise dependable monthly payroll). The point of which would be to better challenge stereotypes and misconception, and encourage others who might otherwise think that they haven't 'got what it takes', and subsequently live a live of regret and missed opportunity for themselves and those around them.

And the actual research out there also seems to encourage this: theRSA's "salvation in a startup" found that there's actually a far wider range of motivations in play for those of  us who find ourselves self-employed than might be otherwise first imagined:

Might it also also make us more like the superheroes we always wanted to be when we were kids (although some might say that if you're part of the Freelance Heroes community, you're half-way there already!) - because we remember and know who the likes of Spiderman and Batman are in large part because we know what their origin stories are...?

to everyone who forgot to turn up to their meetings with me last year - can I have my £4,500 back, please?

We all know the feeling of frustration of having arranged to meet with someone, only for them to not turn up when agreed; and after waiting the polite 5-10 minutes before calling them, only learn that they'd forgotten.

At the best of times, this can make us feel like they don't think we have any importance or value (or else they'd have remembered we were in their diary), but as a sole trader, it also represents a painful loss of cash as well - because I'm not salaried.

Unlike others in paid employment, who have a guaranteed income each month - against which they decide how to best allocate their time to justify receiving it; I have a fixed amount of time each month - against which I have to maximise my opportunities to generate an income. 
So if you're not a client of mine and I offer to share some of my time with you, then that's me saying that I think who you are and what you're trying to achieve is more important than my earning cash to help pay the rent, or keep the fridge stocked up.

But it goes beyond that - because it's not just the need to generate an income that's the sole determinate of how I use my time, but the importance of being with my girlfriend, and kids. And beyond that, having opportunity to hang out with parents, siblings, friends - and indulge in personal interests (reading, whiskey, walking, classic movies, galleries and museums, gardening,...).

So when you say 'sorry, I forgot' - that's akin to your saying to me "You've chosen to sacrifice a lot to spend this time with me, but I don't think your ability to retain a home, spend time with family, or any of the other things that enrich our lives, are worth bothering to even recognise."

But I'll never say that to you. 

I'll never say it because I try and live by a set of values that inform who I am, how I think about things, how I approach my work, and how I try and build relationships with different groups of people.

So instead, because of the value of 'grace', I'll politely and demurely brush it off and offer to reschedule with you.

These values are something that I've always tried to keep front and centre in my day to day life, and part of the way I do this is through my annual impact report, the measures in which reflect these values.

And over the last year, I've been thinking about how to capture this value of 'grace'... It seems that the easiest way might be to measure the number of times the above scenario has played out over the year.

And to subsequently help me understand the true extent of what this value of 'grace' costs me (and how it can be recognised by other people), I've monetised it in the same way I have my pro bono activity.

The first reading on this new indicator is a bit of a shock: £4,560.

The financial value of the time I've lost because people acted in a way that suggested: "You've chosen to sacrifice a lot to spend this time with me, but I don't think your ability to retain a home, spend time with family, or any of the other things that enrich our lives, are worth bothering to even recognise.", is in excess of £4,000.

Averaged out over the year, that's getting on for £100 a week - for comparison, that's akin to the cost of taking my family out for a meal together; the cost of renewing one of my professional memberships; or the cost of a basic portable hearing loop (for when I'm working with people who experience deafness).

And it's more than half of what I gave in pro bono support over the same period.

So the next time you ask or agree to meet with me, or someone else who's not salaried, please try and make the effort to check your diary or let us know if you know you're going to be running late...

who in their right mind would be self-employed?

I've been self-employed for over 13 years now (although more by accident than deliberate design), and I increasingly hear arguments being made everywhere as to why more of us should set up our own businesses, become self-employed, or start a career as a freelancer. 

But in all the hype and excitement, I can't help but feel that people aren't being given the 'full picture' of what they might be trading off in not pursuing more traditional employment options, and as a result, rushing into something that makes their lives harder and less happy than they might potentially have otherwise been.

Don't believe me? Well, what about these various published researches that highlight the 'dark truth' about self-employment that very few (if any) of its advocates share with us:

less earnings and more poverty - 

- as a body of workers, we're increasingly likely to be earning below the minimum wage, and the trend is that this will be true for majority of us within the next 2 years: 

https://flipchartfairytales.wordpress.com/2016/03/22/self-employed-slide-further-into-poverty/

and

https://flipchartfairytales.wordpress.com/2016/10/26/why-low-paid-self-employment-is-everyones-problem/

and

http://businessadvice.co.uk/hr/employment-law/government-urged-to-protect-freelancers-with-self-employed-minimum-wage

- compared to our 'employed' counterparts, we're actually earning less now than we did 20 years ago: 

http://www.resolutionfoundation.org/media/press-releases/typical-earnings-of-the-self-employed-lower-than-20-years-ago/ 

- and compared to those same employed counterparts, we're also paying more in tax on the earnings we can make than they do on the wages they're paid:

https://flipchartfairytales.wordpress.com/2017/03/10/self-employment-whos-dodging-the-tax/ 

- changes to our benefits system by government, means that for those of us who qualify as being eligible for some type of income support, we'll now be about £2,000 a year worse off than before...

http://businessadvice.co.uk/hr/payroll/universal-credit-leaving-self-employed-over-2000-a-year-worse-off-than-employees 

- all of which means that many of us have very little (if any) cash savings to fall back on in the event of a 'rainy day':

http://smallbusiness.co.uk/business-savings-strains-self-employed-2542586/ 

more sickness and worse (physical) health - 

- we're not entitled to sick pay: if we get sick, we can't earn or claim anything in the way that our employed counterparts can:

http://businessadvice.co.uk/hr/payroll/self-employed-demand-statutory-sick-pay-ahead-of-any-other-benefit

- as a result, over 80% of us who fall ill will work through it, as we can't afford to stop earning, placing further risk to our long-term future health:

https://www.moneydonut.co.uk/news/self-employed-risk-health-working-through-illness 

more loneliness and worse (mental) health - 

- working for yourself means you're more likely to suffer from loneliness and the anxiety that's associated with this:

https://www.fastcompany.com/3059317/how-ive-learned-to-thrive-with-the-loneliness-of-freelancing

longer hours and less time with / more stress for our families:

- if the main household earner is self-employed (as was my own experience for 12 years), then not only are their relationships with their family increasingly likely to suffer, but their family will also begin to feel more stressed as well:

http://businessadvice.co.uk/insurance/health/pressures-of-self-employment-creep-into-family-life

- we also work longer hours (typically 13 hours a day), with less time off for holidays:

https://www.sectorsdonut.co.uk/news/forget-balance-self-employment-about-work-life-blur

- and women in particular struggle to be able to maintain a semblance of controlled hours if self-employed, juggling multiple family responsibilities which lead them to have extremely elongated days with little (if any) time for themselves and their own well-being:

https://www.startupdonut.co.uk/node/120747 

retirement?

- less than 1 in 5 of us is able to save into a pension (unlike our employed counterparts whose employers make regular monthly contributions into one on their behalf on top of the salary they pay them..):

https://www.ipse.co.uk/our/news-listing/self-employed-pensions-the-ticking-time-bomb.html 

So the research shows us that to strike out as an entrepreneur means you're more likely to be poor/in poverty; suffer long-term ill health; have worse relationships with your family; and never be able to retire...

and you what makes this even worse? Government is aware of all of this from the official statistics it collects and openly publishes, yet somehow doesn't seem to be able to get around to doing anything about them: 

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/trendsinselfemploymentintheuk/2018-02-07 

If I've made it sound like self-employment is a bleak landscape that only the wretched and foolish would dare to venture into, I apologise. My interest in collating and presenting these various and multiple researches is, as always in my blogs, a desire to share knowledge in helping people make more informed decisions and being able to spot/avoid hype - it's not all doom and gloom for everyone. After all, 15% of us do it. And we do it for a variety of reasons: the unavailability of other forms of employment, the need for flexibility around family/caring responsibilities, the desire to use a personal skill or passion that outweighs the apparent cost of maintaining it as a sometimes hobby, and similar.

And in light of our Government's apparent disinterest in us, we're also increasingly finding ways to support ourselves:

Facebook groups like Freelance Heroes - https://www.facebook.com/groups/freelanceheroes

Campaigns like MicroBiz Matters

- https://microbizmattersday.rocks/blog/

Pooling of financial support for each other through co-operative initiatives such as 'Bread Funds'

- http://breadfunds.uk/

The current state of self-employment and freelancing may therefore be very precarious, but we can perhaps have hope of a brighter future if we start to take more action in all of our interests by working together, and supporting each other more..?

working until the end of my days..?

So I'm now of an age where I no longer think myself invincible, but thankfully still have all my teeth and a bit of hair...

And strange things happen when you get to this point in your life, especially with regards to thinking about your future - you find yourself not just concerned with worrying about if/how you'll take your next holiday, but also that thing called 'retirement'...

There have been studies, articles, and blogs published over the last few months around the internet that suggest we're all going to need to keep working for longer into our twilight years than previous generations have, and that when we finally can officially retire from the need to be an economic contributor to society and the economy, we'll have a lot less to live on.

But these all tend to relate to the 'traditional' worker - people who are employed, with an employer contributing to a pension pot on their behalf, to supplement what will be left of the state pension when we get to that milestone in our lives.

I, and quite a few others, are self-employed. We don't have an employer who's making contributions into a pension fund on our behalf. And most of us struggle to be able to afford or justify making any monthly contributions to a fund out of our own earnings judging by trends in freelancing and self-employment which shows we earn less than our employed counterparts (while at the same time somehow paying more tax!):

- https://flipchartfairytales.wordpress.com/2016/03/22/self-employed-slide-further-into-poverty/

- https://flipchartfairytales.wordpress.com/2015/10/16/will-the-low-paid-self-employed-undercut-the-minimum-wage/

- http://businessadvice.co.uk/hr/employment-law/37-reasons-why-self-employed-have-it-worse-than-employees/

To redress this, some of us will be looking to use our homes as our pension fund - hoping to pay off a mortgage, and then when the time comes, sell the house and live off the proceeds. But many of us don't have a mortgage or the security of owning our own home (and may never be able to). And even if we did, we may have children who we want to offer some legacy and support to for their own futures, and so we don't want to blow whatever we might be able to raise from selling our home to make sure we can leave something for for them...

All of which, is why I'll be following the current initiative on thinking from TheRSA into how retirement security for the growing numbers of people who are self-employed can be strengthened ('cos the current options don't really work!)

 - https://www.thersa.org/discover/publications-and-articles/rsa-blogs/2017/11/boosting-retirement-security-for-the-self-employed-a-call-out-for-ideas?id=utm_medium=newsletter/fellowship/201117

who should we believe about how great (or not) being self-employed is?

I'm now into my 12th year of being a self-employed enterprise consultant-type. It was never part of a grand plan I have for my life, but rather necessity: I found myself needing to earn money to support my family, and at the time no-one was hiring, but some were offering work on contracts rather than payroll. And I've been hustling ever since.

Some readers of my bog will know how I've managed to use this status to clever effect in influencing national legislation and policy, and others may also recall the other impacts it's had on me (such as struggling to get to all the christmas parties clients invite me to...).

But there were 3 pieces of research published earlier this month that made me pause and reflect on how appropriate it is that we're all being increasingly encouraged to explore and pursue freelance careers, and also the apparent indifference of the government to us in the bulk of business support being directed to companies with lots of employees and such like:

1) being self-employed makes you happier and earns you more money (according to research by Intuit Quickbooks), but...

2) average earnings for the self-employed continue to fall far below that of their employed counterparts (according to data from the government)

3) being self-employed means your relationships with your family will suffer more (according to the Centre for the Modern Family)

so who should we believe if we're considering a freelance career? What sort of life could we reasonably expect in light of the above contradictory research, and what impact might it have on those close to us?

As for me - I didn't feel I had the luxury of a choice, and over the last 12 years I've tried to manage my role as best I can to try and create as much benefit as possible for those I've been supporting, and also the wider world ('cos of how my mum brought me up). It's been tough, but there have been various moments that I can't imagine I could have otherwise created, (many of which I've tried to chronicle here on my blog).

But the challenge with all this research (as I highlighted under 'Q' in my alternative entrepreneur's A-Z), is that it's all generalisations based on the group of people (who aren't you) that the researchers asked. And I have an idea that we're all so diverse and unqiue in our circumstances that any surveys like these can only point to general trends that may or may not be relevant to us - as with everything, we should look behind the headlines, consider if there are findings which speak into our circumstance, work out what we can do about them, and then just get on with it, and continue making our own path.

if we don't value our people more, social enterprise will be lost...

The recently published national Careers and Salary Survey 2009/10 (regeneration & renewal 09/21/09) makes for sobering reading for the social enterprise sector:

1) future career opportunities and prospects in social enterprise are felt to be more affected and limited by changes to funding regimes than in the private and public sector;

2) social enterprise (while it may 'punch above its weight') apparently pays its people less than is fair - typical sector salaries see directors of social enterprises being paid less than managers in the public and private sectors, and officer posts in social enterprise usually offer less pay than officer assistant posts in public and private sectors...

3) and perhaps most alarming of all is that more than 60% of people currently working in social enterprise don't expect to still be working in this sector in 5 years time!

But there is a glimmer of good news: it seems that the training that social enterprises offer their employees is felt by them as being more valuable and useful than that offered by the private and public sectors.

This is surely a serious wake-up call: there are various strategies and policies around how social enterprise is going to save the world, but in all the hype and excitement we must be careful to remember that we can only do so if our people feel valued in doing so, and we can retain them for the journey.