Finding A New Business Opportunity
BY Nancy Holloway-Prince
Welcome to the global economy. When times are bad economically - pillars of the finance and investment industries go under fast and vastly undervalued. When real estate market values start to fall, buy in an area where they are not falling.
Even the media is offering business and job options in growth industries to their audience who are under economic siege. The poor paying jobs of the growing service industry is turning America into a third world country, it’s a result of the “War on the middle class”.
The wages from manufacturing jobs cannot be replaced by service industry jobs. The middle class must move up by his or her own bootstraps. Middle class wage earners must learn how to generate their own income and control their own destiny.
Job security started fading away about 30 years ago with the heavy industrial plants in California relocating oversees. At the time the culprit was property taxes, then wage demands from labor unions.
There was a time when American workers could give his or her all to the company and the company would honor that service with job security. Wages are stagnant and American workers are forced to create their own job security.
For every person who is whining about how bad thing are, there are people making money. There are always growth industries and ground floor opportunities. If you know there is a sector of the economy that is especially adversely affected by a devalued dollar, don’t build a business that caters to that sector.
Just as the dollar is devalued, American freelance labor is a value against the Euro or the Pound. American freelance workers aren’t paid less, they are paid the same as they have earned before. However, online employment for freelance professionals is huge and with the dollar such a good value in Europe American online professionals are in demand.
Just as hiring call center workers in a country where workers are paid pennies on the dollar, foreign call center workers are a good value for the employer. The middle class must find a way to become the employer finding cheap foreign labor.
If you need to make more money just to make ends meet, consider starting your own business.