Right, now what I am going to be covering here is my opinion. It’s based on what I have seen in the business world from many, many different angles. From working in manual tasks such as construction sites, right up to being a financial broker in London’s City and also then trading a private portfolio on the US markets and now running my own businesses ranging from a consultancy business to Internet and mobile based businesses. You will find NOTHING on here that is promoting any particular company, bank, person or anything like that.
What I am presenting here is an observation and dispelling a very negative notion that I once held and only through overcoming my own ignorance via education, totally self-funded I may add and also my experiences to date… My aim with this blog is to merely open people’s thinking about what the world, but specifically, the West faces over the next few years and how many people may be able to survive it.
Okay, so in the UK, we are NOT in a good place financially right now. We all know that. Belts are being tightened, credit is being restricted or withdrawn, people are defaulting on payments all over the place, banks aren’t providing new business capital to new start up’s, pay increases are dying out. We are seeing riots across Europe due to these economic tough times – there are even people blaming last summer’s London riots on “Young people not having enough opportunities”.
As I have interests in the financial markets and coach others about trading, I dig very deep for any information that can give us an edge in the markets. The research that I am getting is that we are about to see some changes in the financial world that are going to make the Credit Crunch, look like a picnic…..!
So as businesses are not hiring like they were a good few years ago, where does this leave Jo(e) Public – or the vast majority of the UK ‘s population if they can’t get a job? A 9-5?
What about University students who are graduating and not being able to find work due to the market place being full with people who have been made redundant but have much more experience than them and prepared to work for peanuts? If you were an employer, who would you employ? The student with no experience or someone who was prepared to work for the same amount but knows the industry and has a track record of success? You see what we’re talking about here?
So where does that leave us? If we can’t get jobs as there are few people who are willing to employ en-mass?
It’s not like back in the 50’s and 60’s where huge industry would employ most of the town that you lived in. Industry has – or currently is – leaving the shores of the West and heading East with China and India becoming manufacturing powerhouses.
So what does that leave people to do? How are people going to put food on the table?
What is Jo(e) Public to do if they get laid off and can’t find another job to replace their, for argument’s sake, £26 000 per year job – roughly the national average? Sure, there are social handouts that people can get but firstly, enjoy trying to live on those if you are used to a higher level of income and spending capabilities, let alone the destruction to ones self-esteem from having to depend on the state.
The other option of course is to start your own business. I have seen a LOT of people wanting to do this, specifically when they get made redundant. They have a large redundancy payout and want to invest it in their own business…..
It kills me to say this, but the number of people that I have seen fail in this kind of situation is staggering – not only that but they have paid their entire redundancy package into it, plus other life savings and lost it. We all know the statistics of new business failures but ALSO as important is that it normally takes between 3 to 5 years before a business turns a profit.
The reason for this, I am CONVINCED, is that the difference between someone who has just gone from being an employee to someone who is a successful business owner is MASSIVE. I haven’t met too many people who left a job to go into building their own businesses without making some huge, costly mistakes, mistakes that a successful business owner would never make – but that is the gap between the skill-sets of an employee who has just been made redundant and the skill set of a successful business owner.
So what is the solution? What are people to do if big companies are not employing and most new business start ups fail, or at best, take 3 to 5 years to turn a profit? Could you live and provide for your family with just your savings for 3-5 years?
Now some people don’t feel that they will ever be out of a job. People with experience, track records, make a lot of money ….. and that’s fair enough. I have a LOT of these kind of people around me, in fact I WAS one of those people but then I also know people exactly like this who were working for Lehman Brothers, ironically almost exactly 4 years ago who were these kind of people who lost their jobs overnight…. and how solid did Lehman’s seem 2 years before Sept 2008?
I was in the City at that time and knew a few guys who worked for Lehman’s. I did also hear reports that some of these people couldn’t get anything close to what they had at Lehmans. I heard numerous stories of those people retraining for a multitude of different areas including in order to becoming teachers.
So what is the solution? What can people start doing to become more dependent and start bridging that gap between employee and Business owner.
A solution to this, in my opinion, is Network Marketing!
Now, I haven’t always thought of Network Marketing as a viable option. A few years ago , I would think of it as a “Pyramid Scheme” and walked the other way very quickly.
However, the independent research that I have done has overcome my ignorance. To clarify, there is a WORLD of difference between a pyramid scheme and Network Marketing. Pyramid scheme’s are in fact illegal. Network Marketing is an infrastructure that gives distributors pretty much all the infrastructure and training to go out and build their own businesses and their own additional stream of income.
The reason’s WHY I think that Network Marketing is so powerful is for the following reasons:
I do believe that Network Marketing is years ahead of it’s time. Reason being that, considering the vast majority of the Western population, we develop from being at school, to high school to University, we are built and designed and educated to be employees – NOT entrepreneurs. I believe that this is a knock on effect from the industrial era where industry was strong and the West needed people in jobs as there was a lot of business going on.
This may also be why some of the most celebrated people in the world of business, were no good at school or university.
So there you have it, my thoughts on Network Marketing and why it is the vehicle to survive the perfect storm that is likely to hit the Western Economies in the next few years.
If you would like me to write the blog about the potential solution for better retention of new distributors, please make mention of this in the comments – it’s a lot of detail that I will go into so I will only write it if I get enough interest.
To your Health, Wealth and Happiness!