7 compelling reasons to become self-employed

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I recently noticed that a blog post I did back in 2008 on the joys of self-employment has been getting some solid traffic lately.

In the post I ran through the history of how I came to work for myself, and gave 7 reasons that matter to me for why I infinitely prefer to work for myself rather than someone else. Part of working for myself is building companies that go far beyond me, but the motivations of doing MY thing rather than being employed by someone else are the same.

The 7 reasons I love working for myself are worth restating:

1. My life is completely free-form and open-ended. I can – and do – regularly wake up in the morning and decide to change what my business does and how I do it. If you are in a job – even if it’s as CEO – there are constraints and job definitions to work within.
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Case study: Using project management for effective crowdsourcing

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[This post first appeared on the Getting Results From Crowds book website]

One of the most important implications of organizations shifting to crowdsourcing and crowd work is the need for effective project management structures. We cover Project Management in Chapter 14 of Getting Results From Crowds.

The chapter opens with an excellent case study of how Nick McMenemy uses crowd platforms to drive his startup Virdium. I gained plenty of insights and new ideas in my interview of him, which I condensed into the case study, reproduced below. I’m sure you’ll find useful ideas in there.
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Open business: Sharing our group priorities for 2012 – Why not?

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A year ago I shared a visualization of our AHT Group Business Model.

Following that, I am now sharing our group 2012 Priorities. This comes from the principle of Open Business you can see in the 7 Enablers for our strategy. Our intention is to share more about the drivers of our business. The 2012 priorities document was created for our own internal use to guide our activities and use of resources through this year. However we are happy to make that open, in case anyone else finds looking at our approach is useful to them.


Click on the image for full-size pdf
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PushStart launches new startup accelerator program in Australia

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The Australian startup scene continues to heat up. Arguably Sydney is already in the top 10 tech startup cities in the world, with activity rapidly growing through this year.

The latest news is that the mentor program PushStart (which I participate in as a mentor) is today launching its planned PushStart Accelerator program. I wrote about PushStart and the earlier startup accelerator Startmate at the launch of PushStart. Startmate’s first round of 5 companies has already had significant success, with shopping app Grabble already being acquired by Walmart and Bugherd quickly moving on to participate in the Silicon Valley-based 500 Startups accelerator program.

PushStart uses a very similar model, using the same legal structures as Startmate. There is unquestionably a deep enough pool of rising talent in Australia to fill both the Startmate and PushStart accelerator programs with high quality ventures, with plenty more left over. It will be great to see what comes out of this.

Here is the PushStart announcement:
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How to make money from crowdsourcing: A framework for Crowd Business Models

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I think one of the most valuable aspects of our newly-launched book Getting Results From Crowds is the analysis of Crowd Business Models. While crowdsourcing is clearly a fantastic way for organizations large and small to get access to unparalleled resources and scale their operations, it is also increasingly central to many companies’ business models.

We have created a framework that identifies 7 fundamental crowd business models (plus non-profits), and done an analysis of the monetization mechanisms and success factors behind each one. These provide a broader framework for the 22 categories in version 2 of our Crowdsourcing Landscape.

The Crowd Business Models framework below aggregates these categories. Further details are provided in Chapter 22 of the book on Crowd Business Models. We have chosen to make all of these resources freely available, as we hope they will be useful for those building businesses that are relevant today. Go to the Getting Results From Crowds website for more free chapters and other resources.


Click on the image to download the complete framework as pdf
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Launching my new book today! Getting Results From Crowds

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Today we are launching my new book Getting Results From Crowds: The definitive guide to using crowdsourcing to grow your business!

This has been, in all, many years in the planning and making, and I’m extremely happy with how it has come out. It is definitely my most useful book, and while it’s hard to compare it with my other books as it has a distinct purpose and design, it is in some ways my best work.

I’ve believed in, followed, and worked with crowds for over a decade. My 2002 book Living Networks had many examples of what we currently call crowdsourcing, including being the first of many business books to describe the Goldcorp challenge, and mentions of Elance, InnoCentive, and Procter & Gamble’s Connect & Develop program, before any were well-known.

Today much of my work is around the future of work and future of organizations. The most powerful single force shaping work and organizations is the rise of distributed work, often drawing on crowds. I have used crowdsourcing platforms extensively for the last decade, and studied and learned how to get the best results from these. Our group business model is centered on the effective use of crowds.

The Getting Results From Crowds book website has a whole stack of resources, including:
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Want to buy drinks for a bunch of Sydney entrepreneurs?

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This is now the thirteenth year that I and some friends have organized the Annual Entrepreneurs and Self-Employed Xmas Drinks in Sydney. The reality is that many who are setting up companies, working solo, or running small businesses don’t have the kinds of Christmas parties that employees of big companies do. So we celebrate together, bringing our teams along.

This year we are running the event adjacent to a launch for my new book Getting Results From Crowds. In the end it wasn’t logistically feasible to run two separate events, and it made sense to do them at the same venue. The book is in any case highly relevant to entrepreneurs.

See the event page for full details, summarized below.
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Freelancer.com: There has never been a better time to start an online business

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The most recent Kochie’s Business Builders program focused on online business. It started with an interview with me about the big picture, after which I went out to interview two of Australia’s most successful online businesses: Freelancer.com and BigCommerce.

Below are the videos of the interview I did with Matt Barrie, CEO of Freelancer.com, together with some notes from what he said.

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Support for crowdfunding in Obama’s Jobs Bill is taking it mainstream

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Earlier this year I wrote how the US SEC was opening the gates to crowdfunding and a new structure of capitalism with mooted regulatory changes.

Now the US President’s proposed Jobs Bill is explicitly focusing on crowdfunding as a mechanism to support entrepreneurs and startups.

A post on the White House’s Office and Science Technology blog titled The President’s American Jobs Act: Fueling Innovation and Entrepreneurship co-authored by U.S. Chief Technology Officer Aneesh Chopra focuses on five highlights of the jobs bill in supporting entrepreneurs.

The first point says:
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World-leading Australian crowdsourcing platform 99designs gets $35 million, shows depth of Australian tech

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As I have written before, Australia is a global hub for crowdsourcing platforms, with the likes of Freelancer.com, 99designs, DesignCrowd, Kaggle, Ideas While You Sleep and many more resident here.

We have tapped some of this Australian expertise for our events, notably our Future of Crowdsourcing Summit, held last November simultaneously in Sydney and San Francisco.

The latest news is that design competition platform 99designs, in its first external fundraising, has just received an investment of $35 million from major VC firm Accel Partners. Techcrunch reports that 99designs has been growing at 120% per year, and that the number of design competitions hosted by the firm has doubled in the last four months. While the company didn’t need money, it started to see the potential of investing in growth. According to Techcrunch,
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