The Living Thesis

The Project
Economy

The Future of Global Work.

In August of 2000, I sat in an oversized, steel reinforced gated jeep on a raised mound in the Maasai Mara National Reserve in Kenya, Africa. We were all hoping to catch a glimpse of a cheetah running. The guide explained to us that the dry weather keeps grass short, making it easier to spot a sprinting cheetah across the open plains and, because of competition with lions, cheetahs usually hunt during daylight, so we had a good chance of seeing one.

What happened next blew our minds. We got to see a cheetah run almost 70 miles an hour. At least, that is how fast the guide said it was running. Even though it was only 20 to 22 seconds, it still qualifies as the single most amazing thing I have seen after witnessing my first child being born.

A cheetah sprinting across the plains of the Maasai Mara, Kenya
Maasai Mara National Reserve, Kenya — August 2000

Later that afternoon we all sat at a café about 30 to 40 minutes outside the reserve sharing our safari experience, but with most agreeing that the cheetah was the highlight. Although it was exciting to talk about the cheetah, my attention was distracted watching two merchants conclude their business at the other end of the café. But what caught my attention was the fact that no money changed hands and the gentleman helping him was a competing café owner we passed on the way to the café.

So, as my fellow tourists were defending the use of the word football to mean soccer, I escaped my debate and nosily asked the merchant, whose name was Mr. Kenyatta, “do all merchants do business with their competition in this region”? He replied, “only the successful ones. The successful ones focus on collaboration over competition and treat each day like a project instead of a job or business.”

That night I couldn’t get his words out of my head, “collaboration over competition and treating each day like a project, instead of job or business”

“Collaboration over competition and treating each day like a project, instead of a job or business.” ~ Mr. Kenyatta (Cafe Owner in Kenya)

With Mr. Kenyatta’s words as my guide, as soon as I got back to the states in September of 2000, I established 1099 Nation to track global workforce development. Soon after, I began traveling, and in every city, whether domestic or international, I met with merchants at various levels and jotted down their responses to my questions. I then used the IRS 1099 tax designation because I knew it was exactly how the world would come to describe these builders and solopreneurs in the project economy.

Now, back to our regularly scheduled programming.

Whenever I discuss the project economy, the first thing that comes to people’s mind is the “gig” economy, or a nation of freelancers, or a world broken by masses of people getting fired.

The Project Economy is nothing of the sort.

The Project Economy shift isn’t about getting fired or working temporary gigs. It redefines how we learn, earn, and build businesses.

The Three Pillars
of the Project Economy.

To prepare and prosper in this economy, remember these three pillars:

01

Education (How We Learn)

The Old Way: Fixed degrees with an endpoint (meaning diplomas, GEDs, and or college degrees).

The Project Economy Reality: Continuous, relevance related education only. Favors certificate and self learning related one or more paths.

The Shift: Education is no longer something you finish before working. It happens through execution. Instead of resumes, portfolios of a person's work will be the standard.

02

Employment (How We Earn)

The Old Way: Trading time for money in return for a predictable and discretionary income. Supports nepotism, incompetency, and slows true economic growth and contribution.

The Project Economy Reality: Each job or role or contract comes with the responsibility of managing a portfolio of independent projects. Income will be based on how many competent contracts you can acquire versus being compensated for showing up.

The Shift: HR departments are replaced by staffing firms as the source for talent. Fractional work will be the norm and not a type of consultant. Human resources will continue to fulfill compliance related documentation and payroll.

03

Entrepreneurship (How We Build Businesses)

The Old Way: Building massive internal infrastructure and carrying heavy, fixed overhead costs.

The Project Economy Reality: A nation of solo builders or solopreneurs delivering products and services with the use of AI.

The Shift: Modern businesses will scale on demand. Lean micro enterprises or solopreneurships become the standard. Supports mosaic and multiple interests. Entrepreneurs can and will launch several ventures simultaneously.

LEARN. EARN. BUILD.

Whether you are a student, employee, or entrepreneur, winning in the project economy requires fine-tuning how you look at learning, earning, and building a business.

Easiest thing to do is join 10,000 builders in my 1099 Tips Newsletter. It is 100% free and delivered every Wednesday and a surprise second day each week. It is read from single mothers to surgeons. It covers:

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