Posts Tagged ‘ business ideas ’

Income Security VS Job Security – Does it Matter?

By Kevin M

My friend Jay and I were talking about jobs this past weekend and he pointed out something that I hadn’t thought about: There are no astronauts any more! That may not mean too much if you’re under 30, but when he and I were growing up being an astronaut was the ultimate “hero career”. It was, as the kids say today, “the shit” among careers.

Back then it seemed that all of humanity would eventually be going to space—to find resources, to conquer new worlds or at least to alleviate overpopulation here on earth—and astronauts would lead us there. High minded and exciting, yes, except that it never happened!

If a career as cutting edge as astronauts is no longer secure, what can we say about the far more ordinary fields most of us regular folks work in?

You’ve heard it and read it before, and perhaps you’ve even been a casualty of one of the biggest phenomena of our time–the end of job security.

We have to do something about that, but what? Individually, there’s little any of us can do to create job security, but we can gravitate toward it’s close cousin, income security. If we have income security we might not even notice or care that we no longer have job security.
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Self-employment in the Internet Age

By Kevin M

“Better to light a candle than to curse the darkness.”—Motto of The Christophers

I mostly make my living on the internet these days but I have a confession. I never worked much with computers until three years ago, least of which the internet. Sure, in the preceding 25 years that I worked in mortgages and accounting I used computer applications, lots of them, but most of us understand the not so subtle difference between that and working in an environment in which your primary means of support is coming directly from working on/in computers or somewhere out in cyberspace.

My career as a paper pusher ended unceremoniously at the end of 2008, a time when recycled paper pushers weren’t in very big demand. Where to go, what to do? Damn computers–#%&*@$g internet—they’ll be the end of the world, you watch!

That last line is a fiction (OK, it was a deeply suppressed thought), but I chose to intentionally avoid dwelling on it. Every one who’s ever seen their career crash and burn can point to one or more big picture factors that directly or indirectly greased the wheels of their departure. We can either poison ourselves with bitterness, or find some way to benefit from prevailing changes (hence the Christopher’s quote above). Which route we take will mostly determine our future direction.

Job VS Opportunity

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7 Reasons Self-Employment is More Secure than a Job

By Kevin M

Last night my wife learned something disturbing—not for herself but for some of her coworkers. She has a part time job with a company that just announced that fulltime employees are losing their benefits and being converted to part time status.

Now the optimist may say, “it could have been worse—at least they didn’t lose their jobs”. And while there may be a grain of truth to that assumption, the bad news outweighs the good here, and I’d say by a wide margin. First of all, part time isn’t full time—it’s part time. That means even if you keep your hourly rate of pay, there’s no guarantee of 40 hours a week, or even of 30 or 20. That looks an awful lot like a pay cut to me.

Second is suddenly going from a job with benefits to one without—that includes health insurance. Charles Hugh Smith has made a strong case that the middle class isn’t middle class without health insurance coverage, and I think that point is beyond debate. What we’re looking at here, in addition to the pay cut, is the loss of socio-economic class status. They’ve been demoted to “the working poor” without ever losing their jobs. That’s pretty radical.

There ain’t no more job security

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How Blogging Solved My Mid-Life Career Crisis

By Kevin M

Picture this: you’re 50 years old, your career is dying on the vine—your entire industry is on life support—and you need to find a new career to carry you through the rest of your life.

Sadly—and gladly—this situation was not hypothetical. It was my reality. I say “sadly” because it was an incredibly stressful situation to go through, especially having a family to support while it was unfolding. But I also say “gladly” because overcoming crisis is an amazingly empowering experience.

Rising out of the pile of economic statistics

I was one of the millions of career casualties of the financial meltdown that you no doubt heard tell of from the news media and assorted talking heads. In fact, I was at the epicenter of the storm, working many years as a loan originator in the mortgage industry. (When I wrote in the first paragraph that “your entire industry is on life support” I’m sure you can appreciate that I wasn’t exaggerating!)
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Buy a Business OR Build One From the Ground Up?

By Kevin M

You’re over it, all of it—the job, your career, the nine-to-five routine, the morning commute, the cubicle in the corner—you want to ditch it all and finally start your own business.

You’ve already decided what that business will be, and now you’re setting down to consider the details of how you’ll get it off the ground. There’s a major choice to be made: buy an existing business, or build your own from scratch.

Which route will you choose?
 
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Why Most New Businesses Fail – And How Not to Become One of Them

By Kevin M

Are you thinking about starting your own business? If so, you have a lot of company. According to the Department of Labor, more than one million new businesses are formed each year. Depending on the source quoted, somewhere between 50% and 90% will fail, usually in the first year.

Why do so many businesses fail? And if you’re planning to start a new business, how can you avoid becoming one of them?

Some business ventures fail for bad luck, but probably far more fail for causes that were not only known up front, but could have been prepared for in advance.

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All Jobs are Temporary! (And What You Can Do About It)

By Kevin M

Welcome to the 21st Century, where job security is a thing of the past! No one wants to think about this, but because of technology and globalization, the possibility is very real that many jobs and careers that have recently disappeared aren’t coming back.

There may be a temptation to think that you have nothing to worry about because your job or career isn’t immediately threatened. But that’s just what many people in customer service, information technology and many other fields thought just a few years ago before their functions were moved overseas.

There are almost no jobs that can’t be replaced by a machine, a computer software system or a lower wage worker in some other country. The economic landscape is changing and though we may not like it, we have no choice but to adapt. Are you ready?

There is no more job security

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Pursuing Your Passion Isn’t as Risky as it Used to Be

By Kevin M

Plenty of people have lost their jobs in the past few years, the poor economy being the main culprit. But many more are in jobs where promotional opportunities have disappeared, and the emphasis has shifted from advancing to surviving.

If you’ve lost your job and can’t find a replacement in your field, or if there’s a pending layoff and you’re sure you’ll be in that position soon, or if it’s clear you’ve hit a career ceiling, here’s a radical suggestion…

Find your passion—and start living it!


If you can’t do what you’ve been doing career-wise, try doing what you’ve always wanted to do—that thing you you’ve dreamed about for years but couldn’t possibly do because you’d lose your seniority/security/pension/benefits/living standard—fill-in-the-blank.

For many people, the job isn’t providing many of those advantages anyway. When the perception of job security is lost, it may be time to stop running away from who it is we want to be.

Why seeking our passion is so important

When we’re moving forward in our careers, we not only have a positive view of our work but also of our lives in general. We’re going places, and that’s exciting. It’s called hope for a better tomorrow, but when it’s gone life can start to get stale. It may even get a bit…lousy!

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A Successful Online Business Requires Realistic Expectations

Guest post by Clair Schwan

Working a business in the online environment can be exciting. After all, it’s cyberspace – a new frontier. And, there is little doubt that many sources of information, ways of interacting with one another, and doing business will continue to expand in popularity and effectiveness on the web. Many wanna-be business owners have jumped onto the bandwagon of the Internet and gotten themselves immersed in an online business or two. And many have been very disappointed with the results, simply because they weren’t realistic in terms of expectations.

It’s commonly known that most online businesses fail. It’s largely because those involved pull the plug and abandon their efforts. Much of this retreat in the online marketplace is attributable to inadequate planning that fails to temper expectations. The Internet works at the speed of light, but revenue and profit doesn’t necessarily follow at the same pace. Let’s look at some of the areas in which we need to be much more realistic when it comes to our expectations for success in an online business.

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Starting a Side Business – Why Now is the Time

By Kevin M

Unstable employment may be here to stay. 10% of the work force is now unemployed, and millions more are under-employed, working at temporary or part-time jobs. By some indicators the economy is showing signs of recovery, but globalization, advances in technology and rising healthcare costs have been gradually cutting away at employment long before onset of the Great Recession.

In Multiple Income Streams to replace One Man-One Job?, we discussed different options to deal with the increasing unreliability of permanent, full-time, fully benefited jobs. Starting a side business is at the center of that discussion.

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