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Re: CVirus impact on our revenue production functions | Bill H, where are we headed on this one.

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Community Guru
John B Member Since: Aug 20, 2015
1 of 3

You are ex-Big Three strat firm quality in experience, mindset, and capabilities.  Where are we going on this one?   The opportunity and revenue production functions: Upwork in general and Freelancers in specific.

CV is wrecking sectors wholesale.  Transportation is sunk, hospitality is next.  China is down, APAC comes next, Europe follows, the U.S. is already seeing a -- what?  10% market contraction?  CNBC freaks out almost daily with news of 1% decreases, but the yeller-to-sell-and-buy at 6pm forecasts big for 'stay at home' companies.  Zoom for example.


Freelancers and temps are historical 'first hired, first fired".  As the interesting offset, we are also the unique ones; hunkered down, working at full productivity, not so very much an in-office incubus.

 

Upwork has gotten pounded by investors in the last two years.  Cents per share earnings, the CEO was canned, the VP of Marketing internally promoted: the company is on the hunt for earnings, not so very much market increases for now.  What's their projection: 2nd, 3rd, 4th quarter?  Up or down.

Rank-and-file?  Will we see a contraction of jobs listed?  Will our proverbial well run dry?  Or do we pick up net-net, with less weight to market/spending opportunity contraction and more pick up from remote work profile?


These are the types of situations you trained for 1/2 a business lifetime to project.

I am listening.

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Community Guru
John B Member Since: Aug 20, 2015
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That is meant for Bill H.  And the other ex-Booz strategic consultants out here.  With a specific request for opinion.  As always, all opinions and perspectives are treasured and valued for the value they bring.

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Bill H Member Since: Aug 18, 2017
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John,

 

 

**Edited for Community Guidelines**

 

Until our clients can take their attention away from the fascinatiion with a cold virus, they are not going to think about us. Freelancers who do not know how to sell starting with prospecting will die, at least professionally. Facilitating remote work models will be appealing to businesses. Offering to select and implement the optimum collaboration tools will open doors. Remote administrative assistants should all be able to do that.

 

**Edited for Community Guidelines**

 

I see job postings, which drive all activity on the boards, dropping until after we've developed a vaccine and have stopped listening to critics who want to replace current office-holders, using alarmist language.

 

For freelancers who depend on online boards for all leads, fasten your seatbelt. This will not be pretty.

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