Creating Your Own Economy? What's That?

Surrendering to the Recession?

I recently read something that compelled me to write this post: "When the economy is doing poorly, people “cocoon” and turn to less expensive pleasures.  But rather than surrendering to the recession, what can we do to empower ourselves and create a better life?"

An NBC News Economy Watch story titled 'Discouraged' workers face tough road back to employment, white collar and blue collar workers, people from all levels of education levels and professions are facing difficulties in this grueling down economy. One person in the article spent five months chasing a job only to be disappointed and now he works odd jobs while trying to get the career he wants. Another person who lost her job has a degree in molecular biology, an MB and a master’s in accounting and spent 18 months working temporary jobs until landing a full-time position only to again be laid off after 11 months. Since then she’s had temporary jobs, but her search for full-time work has run into a major roadblock. “You can’t get the job you’re qualified for," she said. “But you can’t get a job you’re overqualified for because they think you’re going to quit as soon as you find something else.” She doubts she'll ever land full-time work and now focuses on just making enough money to pay the bills.

There is a great deal of concern about what to do, frustration in not being able to find a job, and as a result many have just given up even looking, surrendering rather than giving it a good fight. After all, our fathers, and their fathers fought for our country. Isn't that what made America great?

Stable Jobs in America - Gone!

Millions of Americans believe this is the worst economic recovery since World War II, leaving too many sidelined and unable to replace the job they lost. Gone are the stable jobs in America yet people seem paralyzed in doing anything other than looking for jobs which just aren't out there. So what are their options; what are people doing to save their family, their homes, their lifestyle?

• Some simply give up and live off the government, if they can, but how long will that last – how long can those who are working afford more people living off of them, the hard working Americans?
• Others are not giving up; they are the ones with their backs up against the wall who seek out and work the odd jobs and even attempt in starting up their own business. They know the risks are high yet they refuse to back down and give in. Harvard Business School estimates 95 percent of new businesses fail. And what causes failure? How many remember their first days and weeks on the job? I know I made many mistakes, and who was there to guide and train me on what to do and what not to do? Someone who had the experience, who had been working there for a long time. When starting a conventional business that safety net isn’t there and to make matters worse, the competition is doing everything they can to make sure the new business owner fails.

What about Retirement?

And what about the baby boomers who retired? According to NBC, “… relatively few boomers approaching the phase of life traditionally called “retirement” can look forward to the pension checks that helped past generations pay the bills in their "golden years." For many, the individual retirement accounts that were supposed to replace pension incomes have been severely damaged by the financial collapse and by the drain on savings from extended unemployment since.”

My recommendation is “Not” to give up. Yes, there are safety nets out there but do not give into relying solely on anyone other than yourself. What are some options?

So What can We Do? – What about Creating Your Own Economy?

If we know and understand what causes the 95% failure rate in start-up businesses, then what can be done to change the success rate? Search for and identify ways that will give you better odds in your success. Be diligent in your search, fully explore all the benefits, look for pitfalls, in other words, do your due diligence in finding a way to create your own economy. 

• What do you like to do? Identify what you enjoy doing and find a way to create a business around it.
• If you are unsure about starting a business without experience, find an internship program that mentors and teaches a profession or business which will expedite your development

The below video goes into great depth in explaining an alternative franchise business called the UnFranchise. A business model that has seen over 80 quarters (21 years) of continuous growth. But it is not the business model alone that has created this highly unusual success record during this grueling economy... it is also the incredible people, support, and professional training which has created thousands of highly successful business owners who successfully created their own economy.

Explore! Investigate! Do Your Due Diligence & Get Answers!

Once you have viewed the video, visit Explore Grow Online Now and view the many options available for development. Having so many diverse industries and professions to choose, we provide guidance based upon each individuals goals, needs, and requirements, customizing a solution that best their needs. When contacting us for a consultation to assist with the evaluation process, ask about our internship program designed to financially support and professorially training each person, removing all obstacles in starting a business and reducing risk of failure. Learn how to create your own economy.