A Nation of Entrepreneurs
When our Nation was founded, most families were entrepreneurial, using personal skills and interests to make a living. Most people fell into the following categories:
-Farmer-Proprietor-Manufacturer-Blacksmith -Brewer-Tailor/Seamstress – Or some other trade.
Then Industrial Revolution happened, and flipped that equation. People became employed doing the repetitive labor of manufacturing, or managing others doing the labor. Our systems of labor, economy and education were – and are largely still – based on a manufacturing economy.
However, the corporate structure and monolithic systems of the industrial age began to crumble and change. And now things have come full circle, and we are returning to the way we started — as entrepreneurs.
China has become the leading manufacturing economy in the world as of 2010. However, the United States maintains a strong second-place standing. The value added by U.S. factories is more than $2 trillion a year, equal to the next three countries (Japan, Germany and South Korea) combined.
The Gig Economy
With the rise of the Internet, we saw heavily controlled, and highly valued distribution channels open up to the world.
It also has given every entrepreneur immediate and direct access to a global marketplace of opportunity, right at their fingertips. The dot-com boom created fantastic job opportunities in the Information Technology field as well as in logistics and other industries.
The New Economy
The private sector has been the primary source for creating full-time jobs for the economy at a rate of 2-3% per year. During the dot-com crash in 2000, that rate fell below 2%. In 2008, the rate of job creation fell even further—below 1%—and has remained at that historically low level right through 2016.
While the economy is recovering, many of the economic pressures that pushed the economy into the historic downturn continue, unchanged.
Our new “Normal” includes a set of challenges that today’s Employee will need to navigate.
Costs up, Income Down
In 1970, 92% of U.S. 30 year-olds earned MORE than their parents did at the same age. That number has dramatically dropped and 1n 2014 that number was only 51%.
Ask yourself: Does your income provide for all of your family’s needs? “3 out of 4 (77%) say they always or usually live paycheck to paycheck just to make ends meet, up from 43% in 2007.” – CareerBuilder.com 8-2010
However, American workers are working longer hours than anyone else in the industrialized world. Why are we working harder and making less money? According to the Department of Labor in a USA Today article, “The lifetime of a typical W-2 wage earner has 6 to 8 job changes at least three changes in profession.” This is due in part of the following reasons:
- Growth in the number of jobs is stagnating.
- Full-time employment jobs are both insecure and risky.
- Companies no longer make promises of either professional or financial security to today’s workforce.
Many jobs that once were aren’t coming back. Ever. To look for what isn’t there is a waste of time and an insult to your dignity. So those who realize this are the ones making the change, and investing in themselves and starting a business of their own.
The decision to invest in a franchise is not a quick and easy process. My job is to provide expertise and guidance throughout that whole process to entrepreneurs. I will help you decide whether franchising is right for you. And if it is, I’ll help youdetermine which type of franchise is best for you and your goals.
Connect with me via Linkedin if you would like to discuss how I can help you find the right investment opportunity out there for you!
In my opinion, the greatest benefit of joining a franchise community, is leveraging your strengths with the strengths of others in order to ensure shared success. If you are looking to start a business for yourself, but not by yourself, email me at firstname.lastname@example.org, so we can get started as soon as possible.