🔮 The future of the Work Force

I stumbled across one of the most interesting opportunities for the next decade.

Earlier this year I paid $15,000 to be a part of a group for high-level entrepreneurs.

The group was meant to teach you how to build sales teams. Instead, I stumbled across one of the most interesting opportunities for the next decade.

Here’s what we got for ya:

  • 🔮 The Future Of The Work Force

  • 📊 The Industries Affected

  • 🤫 How To Jump on The Opportunity

Read Time: 4 min 26 sec

🔮 The Future Of The Work Force

Over a group call someone mentioned how amazing "Fractional CFOs" are.

Starry-eyed and a bit embarrassed I said "Ha - yeah I bet. Can you explain what those are... For everyone else?"

Explain It Season 5 GIF by The Office

A fractional CFO is basically a bean counter who works with multiple companies instead of one.

Specifically for companies that can’t afford a full-time CFO, but would find it useful to have a few hours of financial brain power.

For businesses, they get the same value but have to pay less.

For CFO’s they get paid more because they get to work with more companies.

This is what I like to call a “Win-Duo”. Win-Win.

In a nutshell, Fractionalization is like freelancing but the worker is highly skilled and a part of the team.

So this got me thinking…

In what other industries will we start to see this “fractional” approach in the future?

After some digging, the answer surprised me.

📊 The Industries Affected

Now, “Fractionalization” isn’t just data entry or spinning up some marketing material.

It runs a lot deeper than you think.

Here are 3 industries that are begging to be fractionalized:

1/ Restaurants

Hungry Season 3 GIF by The Lonely Island

This one’s a low-hanging fruit in my opinion.

When you pull up to your favorite McDonalds, (I won’t judge ya) typically someone on the other end will take the order that’s behind the next window.

But does it matter if the guy taking your order is at the physical location?

Spoiler alert, it doesn’t.

Some drive-thrus are already beginning to hire remote workers to take orders.

Forget sick days, lazy employees, or scheduling. 

Someone will always be available, and the labor cost is dramatically lowered.

In fact, a company named Bite Ninja was funded by Y Combinator to accomplish this exact thing.

2/ Construction

Knockout Renovate GIF by TLC Europe

Construction companies pay thousands to certify workers in specialized skills.

However, the workers with specialized skills only use those skills a fraction of the time.

All of this results in money lost for both parties.

Think of this like a big RC car, but instead of doing loops around the track they’re hopping from job site to job site virtually from the comfort of their own home.

This maximizes skills and specialized worker’s pay, ewhile also decreasing the cost of labor for the business.

3/ Surgeries

Mr Bean Thumbs Up GIF

If I asked you to get surgery from a doctor 3,000 miles away, would you say yes?

Most people think this sounds insane. But it’s already happened

On September 7th, 2001, a surgical team in New York performed the first 100% remote surgery on a woman in France.

The surgery was 100% successful. The crazy part is this tech has hardly been used.

Not because it doesn’t make sense, but due to the complexity of the insurance industry.

You’re probably thinking… “Okay - Cool but what’s this got to do with me?”

Great question.

🤫 How To Jump on The Opportunity

I believe this is one of the biggest opportunities we’ll have within the next decade. Some industries will move slower than others because of the amount of red tape.

It’s still early, so here’s how I would take advantage of it:

Think About It GIF by Identity

Step #1 - Have a specialized skill (duh). Copywriting, Design, Coding - you choose. The goal is to fractionalize your current skill set. Design Joy has done a great job of this. It’s a one-man design agency.

Step #2 - Find a repeated problem in that market. If you’re a copywriter, it might be creating sales pages. If your developer it might be automating tasks to save time and money. The goal is to become the go-to guy (or gal, of course) for creating dashboards, creating standard operating procedures, etc. You get the point.

Step #3 - Wrap it up in a brand that’s bigger than you.

With that being said, go build something you’re proud of.

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