Career Choices

        We all make choices in life.  Our career choices are some of the most important.  The first choices are deciding on a school or learning a trade.  Some people go to a four year collage and never learn anything practical except for going on to teach.  We don’t need any more art history majors.

        There is also a choice of working in the public or private sector.  In the past, the advantage of working in the public sector was job security and the disadvantage was less compensation.  Compensation is now comparable with the growth of government, but security may change if the size of government decreases.  Government employees may be held more accountable for their performance in the future.  Taxpayers deserve this. 

        There are two choices in the private sector.  We have the option of a job or self-employment.  My dad was a tenant farmer and felt working for a large corporation was the best security.  With changes in our economy including mergers and acquisitions, a job is not always secure. 

        Self-employment presents many options.  The first is starting a business from scratch.  That option sounds very romantic, but also has the highest failure rate.   The biggest problem is that people start a business because of a personal perception of a product or service with little or no consideration of what their role in the business will be.

        Buying an existing business is the second option.  If it is a good viable business, the price will include blue sky.  There is a history, but does that history guarantee future earnings?

        There many business opportunities including multi-level   marketing opportunities.  Be careful of these as there is little or no regulation covering these opportunities.  Buyer

beware.  If it sounds too good to be true, it probably is.

        The last option for self-employment is a franchise.  This option provides many options and is one reason I usually ask clients to look at franchises.  There is a franchise business model to fit almost every goal.  There is more to franchises than just flipping hamburgers.

        There are options to own one franchise, multiple franchises, area development, or be a regional franchisor.  There are franchise business systems to fit almost anyone’s strengths and weaknesses.  There are business models with and without employees.  Some business models require a lot of sales ability and some don’t.

        Some franchises simply provide a job.  An owner of a franchise may be working full-time in the business, or work full-time managing the business, or part-time, or an absentee owner with a full-time job.  A good franchise provides a proven business system.  No guesswork.

        Thanks to President Trump, the opportunities for starting or buying a business are better than they have been in decades.  If you have ever thought of owning a business, start your investigation now.  Start by reading Business Fits, which is available on Amazon. 

        God bless President Trump and guide him to make America great again.

       

        http://BusinessFits.com