Jobs & Recession/Depression/Economic Uncertainty
Since there seems to be widespread disagreement about what to call the current economy, but pretty much everyone agrees the current economy is in the trash can; yet there can be a silver lining in every cloud. Some of the biggest and brightest companies in the U.S. were started or formed in recessions.
Also remember that whenever someone loses money by selling a stock, someone else is buying that stock in hopes of making money.
Home businesses always thrive in a recession as people look for ways to supplement, increase or replace their incomes.
With those positive notes in mind, here is an article that outlines part of the problem:
Porter Stansberry: This is why there are no jobs in America
Monday, May 23, 2011
I’ve decided to re-publish the most popular essay I’ve ever written. For some subscribers, this will only be a reminder about the serious problems we face in America. But for the many subscribers we’ve added in the last several months, this will be all new.
If it resonates with you… if you see these same problems in your communities… I encourage you to pass this along to your friends. This is a message we must get across to our fellow citizens. Robbing Peter to pay Paul will not lead to national wealth or prosperity. It will only lead to bigger problems for our children and grandchildren.
This Is Why There Are No Jobs in America
I’d like to make you a business offer. Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment…
Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal. But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s my role in the affair: to tell you what to do.
Now in return for my rules, I’m going to take roughly half of whatever you make in the business, each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits. You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you’ve got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you’re my partner. It’s only “fair.”
Now… after you’ve put your hard-earned savings at risk to start this business and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life.
Whether or not this is “fair” – some people never can afford to retire – is a different argument. As your partner, I’m happy for you to sell whenever you’d like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.
I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true. But I’ve done my part, too. I’ve collected 50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business. Oh… and one more thing…
Even after you’ve sold the business and paid all of my fees… I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay me 50% of whatever your estate is worth. After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think it’s “fair” for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children. All in all, if you’re a very successful entrepreneur… if you’re one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you’ll end up paying me more than 75% of your income over your life. Thanks so much.
I’m sure you’ll think my offer is reasonable and happily partner with me… but it doesn’t really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail. That’s how civil society is supposed to work, right? This is Amerika, isn’t it?
That’s the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…
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Why Network Marketing?
For my money, the best way to leverage one’s time, create residual income, and minimize Uncle Sam’s intrusion into our lives is network marketing.
To learn why it’s such a brilliant concept, please watch Brilliant Compensation.
Okay, Looks Good, What Next?
All right, so now you need to find a company that will allow you to make the concept you learned in Brilliant Compensation work.
If you don’t know how to pick a good company with a great product, network marketing probably won’t work for you.
One of my favorite mentors came up with a book and course called “MLM-The Whole Truth.” In it, he lays out what he calls the 12 Critical Success Factors™. You can get a free introduction to the factors he’s isolated by going here. It’s a 7 day series of emails where you learn 7 of the 12 concepts.
I Already Have A Company, But It’s Just Not Working For Me
Okay, fair enough. Did you get the 7 day series of emails? Does your company/product meet the qualifications that he talks about? If not, you probably need to go back to the drawing board and find a company/product that does meet the 12 Critical Success Factors.
If your company does meet them, then my next recommendation is to run, not walk to get your copy of “Professional Inviter” to learn how to do the business. In it he covers what is communication, the six steps of the “Inviting Formula”, how to tell when you’re done greeting someone, what qualified means when prospecting for network marketing business partners, and much, much more.
For more info or to order the course, go to “Professional Inviter.”
“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” – John Maxwell