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Bracing for Uncertainty
Manage episode 278755069 series 2831252
A tartalmat a Srinivasa Addepalli and GlobalGyan Academy of Management Education biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Srinivasa Addepalli and GlobalGyan Academy of Management Education vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
This podcast took an unplanned break, initially due to some health issues that I had and later, the inertia of resuming it.
But this seems like a good enough time to restart the podcast.
In this period of crisis and uncertainty, the Gig-workers are the first to experience loss of business. Many people have had their projects deferred or even cancelled. When you are essentially selling your time, and nobody wants to use your time right now, your earnings dry up.
For a detailed read, I would recommend this wonderful post by Dan Schwabel on LinkedIn -- How Hourly Workers Can Make a Living During The Corona Crisis. I also refer to R Jagannathan's book, some useful pointers about the impending jobs crisis can be found in this article.
What is the most important and urgent thing that you can do, if you are faced with the uncertainty of income? Nothing you do on the income side will yield you overnight results. The urgent thing that you can do is to lower your expenses. If the inflows are reduced or have become erratic, the first thing you have to do is to manage the outflows.
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