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Service providers in certain industries — like travel and leisure, for example — have been hit hard by the pandemic. According to an August 2020 survey by the National Federation of Independent Business, 21% of business owners say they’ll permanently shut down if the economy doesn’t improve within the next six months.
Regardless of industry, service professionals need to acquire multiple revenue streams to weaken the financial risk, given today’s economy. It’s also critical to operate with the right mindset about one’s work.
Whether you’re an employee, consultant or gig worker, see yourself as the owner of your own professional services firm. Because whatever one’s work classification (W-2 or 1099), service professionals are absolutely proprietors of their own labor.
Your name, reputation and brand are inseparably tied to service quality and professionalism. As CEO of