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<p>A little over a year ago, a pivotal moment took place for writers, freelancers and entrepreneurs in the creative world. After five long months of intense negotiations, the Writers Guild of America (WGA) secured significant changes and rights that ripple far beyond Hollywood. We’re looking back at the lessons learned from the writers’ strike, because they are still so essential and relevant to freelancers today who are navigating a constantly evolving industry landscape.</p>



<p>Before the WGA strike, creative entrepreneurs were fighting for higher compensation and residuals, protections against the growing use of artificial intelligence, and better job security, as well as a sustainable work environment.</p>



<p>The good news? After 148 days of striking, change was made. One of the most critical victories was the increase in minimum pay rates and the restructuring of residual payments. The updated <a href="https://www.wga.org/contracts/contracts/mba/summary-of-the-2023-wga-mba" target="_blank" rel="noreferrer noopener">WGA Minimum Basic Agreement</a> contract also states that AI-generated content cannot replace the contributions of human writers. And finally, the WGA secured minimum staffing requirements in writing rooms, providing writers with greater job security and helping to <a href="https://successcom.wpenginepowered.com/9-things-to-do-when-youre-feeling-burned-out/">prevent burnout</a>.</p>







<h2 class="wp-block-heading" id="h-how-the-success-of-the-wga-strike-affects-all-freelancers">How the success of the WGA strike affects all freelancers</h2>



<p>The resolution of the WGA strike and the subsequent contract negotiations have set a precedent for freelancers across creative fields. Freelancers and entrepreneurs can learn a great deal from the strike that will help them stand up for their rights and secure fair contracts.</p>



<p>By embracing these lessons, freelancers can ensure their work is appreciated and well compensated. Read on for some practical tips that can help you as you build a <a href="https://successcom.wpenginepowered.com/how-to-promote-your-business-as-a-freelancer/">thriving freelance career</a> with confidence and a strong sense of advocacy for yourself and your work.</p>



<h3 class="wp-block-heading" id="h-1-empowerment-in-negotiations">1. Empowerment in negotiations</h3>



<p>It’s time to feel confident in discussing your contracts. The WGA’s success in advocating for fair pay and protections against AI is a powerful reminder to stand up for what you deserve. Whether writing, editing or producing content, you can learn to assert your worth and <a href="https://successcom.wpenginepowered.com/what-successful-freelancers-know-about-earning-six-figures/">seek fair compensation</a>. When it comes to contract talks with clients, don’t hesitate to highlight your experience and make sure you’re getting what you’re worth. Remember, your skills and creativity deserve recognition.</p>



<h3 class="wp-block-heading" id="h-2-protection-from-ai">2. Protection from AI</h3>



<p>As AI tools become more prevalent, it is crucial to stand firm and advocate for protections against technological encroachments. The WGA’s contract now includes solid safeguards against AI taking over writers' roles—something freelancers should consider adding to their own contracts.</p>



<p>By explicitly stating how AI can and cannot be used in relation to your work, you create clarity around your contributions and set boundaries that protect your creative process. This kind of transparency not only helps you maintain the integrity of your work but also reassures clients that you’re committed to delivering unique, human-centered content.</p>



<h3 class="wp-block-heading" id="h-3-the-power-of-community-support">3. The power of community support</h3>



<p>One of the biggest takeaways from the WGA strike is the importance of community for freelancers. Just like the writers banded together to fight for their rights, you can build connections with fellow creatives and industry professionals to ride out the ups and downs of freelance life.</p>



<p>By fostering these relationships, you open the door to sharing resources, advice and strategies that can make a real difference in your work. Having a supportive community not only provides you with valuable insights but also boosts your confidence, reminding you that you’re not alone. So, don’t hesitate to reach out, collaborate and lean on fellow freelancers.</p>



<h2 class="wp-block-heading" id="h-utilize-this-helpful-blueprint-to-build-a-better-future-as-a-freelancer">Utilize this helpful blueprint to build a better future as a freelancer</h2>



<p>As you chart your freelance path, remember that empowerment in contract talks, clarity around the use of AI and the strength of community support are not just takeaways from the strike; they are essential tools for success. By embracing these principles, you can help foster a more equitable and fulfilling creative work life. Together, freelancers can carry these lessons forward, ensuring that their contributions are celebrated and compensated in every project they take on.</p>



<p class="has-small-font-size"><em>Photo by Drazen Zigic/Shutterstock.com</em></p>

Looking at the coming AI revolution and taking lessons from the WGA strike. Learn how to protect your creative work in today’s ever-changing landscape.

Looking at the coming AI revolution and taking lessons from the WGA strike. Learn how to protect your creative work in today’s ever-changing landscape. | SUCCESS

3 Key Elements Creative Freelancers Should Consider to Succeed in a Rapidly Evolving Industry

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3 Key Elements Creative Freelancers Should Consider to Succeed | SUCCESS

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Kate Smith is a writer, author and publishing consultant. She empowers others to share their stories, creativity and books with the world.

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<p>With the Fed finally delivering its first rate cut in four years, we are sitting on a golden opportunity. Think of it as a door opening—a chance to secure lower interest loans, improve cash flow and invest in the growth you’ve been dreaming of.</p>



<p>The Federal Reserve recently announced a major interest rate cut—the first in years — lowering the benchmark rate by 50 basis points to a range of <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20240918a.htm" target="_blank" rel="noreferrer noopener">4.75% to 5%</a>.</p>



<p>This move exceeded many expectations. It came as a response to the job market showing signs of softening, and the Fed acted decisively to safeguard economic growth and protect the economy. With inflation now easing, Fed officials saw this as the right moment to offer some relief, setting the stage for potential additional cuts later in the year.</p>



<p>Markets responded positively to the news, reflecting optimism that the Fed’s actions will help maintain economic stability. Additionally, this is great news for entrepreneurs and small business owners.</p>



<h2 class="wp-block-heading" id="h-how-lower-interest-rates-can-benefit-your-business">How lower interest rates can benefit your business</h2>



<p>Lower interest rates offer the chance to secure more affordable financing and can reduce borrowing costs for loans and credit lines—allowing entrepreneurs to invest in growth, improve cash flow or refinance existing debt. This is particularly timely, as many small businesses are looking for ways to rebound from recent economic challenges. Other business owners can use this period of reduced borrowing costs to make strategic investments and plan for future growth.&nbsp;</p>







<p>Whether you’re looking to <a href="https://successcom.wpenginepowered.com/want-to-expand-your-business-get-started-with-these-6-steps/">expand</a>, refinance existing debt or invest in new opportunities, this could be a smart time to make your move. By taking action now, it’s possible to secure lower-cost financing, reinvest and strengthen your competitive edge in a shifting economic landscape.</p>



<p>To help you make the most of this economic shift, here are some actionable tips that can give your business a much-needed boost:</p>



<h3 class="wp-block-heading" id="h-1-evaluate-financing-options">1. Evaluate financing options</h3>



<p>With reduced rates, now is an excellent time to explore refinancing high-interest loans or taking out new loans for expansion projects. Spend some time shopping around for the best deals on loans, as lenders may adjust their offers in response to the Fed’s changes.</p>



<h3 class="wp-block-heading" id="h-2-invest-in-growth-initiatives">2. Invest in growth initiatives</h3>



<p>Lower borrowing costs can free up capital for vital <a href="https://successcom.wpenginepowered.com/investment-advice/">investments</a>, such as hiring new talent, upgrading technology or expanding product lines. Consider how to thoughtfully invest in your businesses to spur growth.</p>



<h3 class="wp-block-heading" id="h-3-prepare-for-future-changes">3. Prepare for future changes</h3>



<p>If there’s anything we’ve learned over the past few years, change can happen in the market swiftly and unexpectedly. While the current rate cut presents immediate opportunities, it’s crucial to stay informed about the Fed’s future meetings and economic indicators. Planning ahead will enable businesses to adapt quickly to any changes in interest rates.</p>



<h3 class="wp-block-heading" id="h-4-get-financial-advice">4. Get financial advice</h3>



<p>Find a <a href="https://successcom.wpenginepowered.com/how-to-choose-a-financial-advisor/">financial adviser</a> you trust who can help you make informed decisions about managing debt and investments in this evolving economic landscape. Advisers provide tailored strategies to optimize cash flow and maximize the benefits of lower interest rates.</p>



<p>By acting on these opportunities, you can position your business for success in a more favorable borrowing environment. The time is now to seize the moment and invest in the future of your business.</p>



<p class="has-small-font-size"><em>Photo by Paul Brady Photography/Shutterstock.com</em></p>

The Federal Reserve just cut interest rates for the first time in four years. Find out how to secure lower-cost financing, reinvest and strengthen your business.

The Federal Reserve just cut interest rates for the first time in four years. Find out how to secure lower-cost financing, reinvest and strengthen your business. | SUCCESS

Here’s How to Make the Fed’s First Interest Rate Cut in 4 Years Work for Your Business

How to Make the Fed’s Interest Rate Cut Work for Your Business | SUCCESS

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3 Key Elements Creative Freelancers Should Consider to Succeed in a Rapidly Evolving Industry

Here’s How to Make the Fed’s First Interest Rate Cut in 4 Years Work for Your Business