jerry r. mitchell feb 28,2011

JERRY R MITCHELL Feb 28,2011

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“Career Choices During These

Economically Troubling Times"


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“You will never do anything in this world without courage. It is the greatest quality of the mind next to honor” James L. Allen


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RELYING UPON YOUR EMPLOYER FOR

A SECURE RETIREMENT IS A COMFORTABLE

BUT DANGEROUSLY OUTDATED NOTION.


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TODAY THERE ARE THREE CAREER OPTIONS AVAILABLE TO YOU


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THE FIRST OPTION IS TO STAY IN

YOUR CURRENT POSITION

PROVIDED YOU STILL HAVE ONE


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THE SECOND OPTION IS TO

SEARCH FOR A NEW POSITION


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THE THIRD OPTION IS TO

START YOUR OWN BUSINESS


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Losing your job: making a career move


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You are lost now that you have lost yourjob and you feel like your world has come to an end.

How will you make it ?

What will you do ?


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You’ve been working for so long you don’tknow what to do with yourself everydayand where do you go


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Can you find another job and how long will you be without work?


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These are all the questions that will run through your mind when you lose your job and you are trying to figure out what todo afterwards.


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How do you make it now?


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Even though it’s a hard thing to swallow that one day you had a job and the next day youdon’t. You have to look at this as a new opportunity for bigger and better things to happen for you.


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The first thing is to accept for whateverreason you have lost your job, this is where you aresuppose to be in your life right now.


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Take losing your job as a opportunity to discover which direction you want to goin for your career. You might discoverlosing your job is the best thing that could have ever happen to you.


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If you had never lost that job you might nothave had enough nerves to walk away to find something better or do what you secretly always wanted to do.


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Now is the time to search yourself for this. Take this time since you have been put into this situation to look at other things before you jump back into what you had.


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You will have to regroup your life style until you can start back working. Just don’t give up your life.

Keep searching for a job or that new career you might have decided you wanted and everything will eventually fall back into place.


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Life after losing your job might not be as bad as you think, it’s what you make of it.


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As a small-business owner, you just can't compete on price. Forget it! Actually, the market is much less price-sensitivethan you think it is.

The market bears all kinds of prices. Can you believe people pay $50,000 for a watch? Three dollars for a bottle of water? Hundreds of dollars for pro music tickets? Consumers will buy just about anything if they can see the value or benefit.


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So how much should you charge?

As much as it takes to get what you want from your business, regardless of what your competitors are charging. Create a selling price that covers all your costs, plus profit, then figure out how to sell your product.


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Here's a sure-fire, make-your-dreams-come-true formula for making money in your business:

First, determine how much money you want to make. How much money will it take to make all the headaches of small-business ownership worth it? It's up to you. Pick a number. You can make any salary you want-but you have to build it into your selling price.


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Next, figure out what you're selling. What's your "widget"?If you sell your services, knowledge and expertise, you sell time.

If it takes skilled labor hours to create your product, you're selling time. When you sell time, you can only deliver so many "billable hours" per day, per week, per year


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Then, decide how many you can sell in a year. Suppose you sell four billable hours per day, five days per week, for 50 weeks in one year. 4 X 5 X 50 = 1,000 billable hours per year.


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Next, crunch the numbers. Want to make $100,000? If you have 1,000 billable hours per year, it will take $100 per hour just to cover your salary. Add to that all the other costs of doing business.

Inflate for profit. Voila! You have a selling price that makes sense-and makes money.


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Learn to market yourself and eliminate price competition forever.

The market doesn't set prices…marketers do!

What makes you special? Here's a clue: Look at what thelow-price providers may sacrifice…service, good manners, convenience, quality, a sense of humor.

Substitute "I'll do it for you" instead of "Do it yourself." Get the idea? To charge more, you must be different.


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Entrepreneur seems to be the hottest buzzword going around, the hero, the savior of economies worldwide. How do we spot one when we see one?


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Entrepreneurs, , are people who perceive new opportunities and create and grow ventures around those opportunities.


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An entrepreneur, pronounced 'on-truh-pruh-nur', is someone who starts a business and is good at finding ways to make money.


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Do you think being a successful entrepreneur is impossible - think again. Many have taken the leap to create a better life for themselves and their families. Because of the down-turn in the economy, downsizing (by many once stable companies), and the high cost of living many are searching for alternative income.


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Hence the stampede to the home based business and the world of entrepreneurship. But what does it take to be a successful entrepreneur? What qualities must a person have to be successful as an entrepreneur? It has been proven that successful entrepreneurs have:


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The right mindset is the key to being a successful entrepreneur. You must believe in your self and your abilities to get things done. It is so amazing how we always think other people can do it but we can't.


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Remember to relax and look for help when you need it. I sure did. Understand that you are in business for you self but not by yourself. If your goal is to earn $2000 or $10,000 a week, believe it is possible.

Anything some else can do you can do it to.


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You must believe that the good life is for you and that you deserve it. Otherwise you will sabotage yourself if success comes to you.


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Successful entrepreneurs must be open-minded and embrace changes. They are never afraid to take a risk. They are savvy and understand the need to promote their product through effective mediums. Far too many entrepreneurs underestimate how important this is to the livelihood of their business.


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If you don't have prospects you don't have customers. If you don't have customers you are not in business. The call word for an entrepreneur is

Promote, Promote, Promote.


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Because of all the new technology available for marketing the successful entrepreneur has just about every thing needed to succeed.

The internet is the largest marketing medium in the world and it is right at our fingertips.


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Successful entrepreneurs must have a reason for being successful. When the obstacles come, and they will you must have a strong "Yes" to continue on or you will say No and quit. Their must be meaning and passion in what you do or the path will feel empty.


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Sir Winston Churchill had to give a speech at a commencement service of a military academy and he only said 9 words "Never Give Up, Never Give Up, Never Give Up"

and walked of the stage.


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Successful entrepreneurs must be open-minded and embrace changes. They are never afraid to take a risk. They are savvy and understand the need to promote their product through effective mediums. Far too many entrepreneurs underestimate how important this is to the livelihood of their business.


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What was his message? Persistence! Persistent will be to a successful entrepreneurs as carbon is to steel. When you spent your last dollar and the next sales is not coming as planned you must persist, because your biggest break through is usually just after your biggest disappointments.


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Maybe you want to help starving children in Africa. Maybe you want to help hungry children around the world. Maybe you just want to have enough money to help those around you. What-ever your mission is it must be big and beautiful. It must add meaning to your life.


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As you can see you can develop yourself into a successful entrepreneur if you have the right mindset, market yourself and product and have a mission for success. If you need more help please contact me.


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Remember "Nothing changes in your life until you do"


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The American system of business management has been admired and emulated around the world. This system is characteristic of two traits in the American psyche:


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(1) enthusiasm for the future and making things better, and

(2) an openness and willingness to change in order to achieve that end.


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No society in the world is better or more prolific at creating new businesses than the United States capitalistic system but often we are so busy commercializing ideas and starting new ventures that we don't take the time to learn basic, successful management principles that have been developed by our larger companies.


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Many entrepreneurs are technical experts in what they do but start a business without any formal training or experience in management practices and principles. By "management" here we mean the business of successfully managing the non-technical side of the business, the "back room" activities.


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As a result of inadequate management, many small businesses fail in the early years. They fail not because of a weakness in the product or service concept they have, but because the business was not properly managed in the back office.


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Once a business has emerged or grown to a certain level, management techniques must change or the business will run into trouble. For many small businesses this level is $1-3 million in annual sales or 5-15 employees.


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Sometimes the owner or manager of a small business must evolve, morph or otherwise change from a manager of things to a manager of people and from a technical expert to a strategic thinker.


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This is often a difficult task because of ingrained habits developed over time but failure to grow as a manager is a major, perhaps the major reason why a business will falter, stagnate or even collapse under its own weight.


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Sometimes the owner or manager of a small business must evolve, morph or otherwise change from a manager of things to a manager of people and from a technical expert to a strategic thinker.


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But what do successful businesses have that troubled businesses don't?


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"Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." Mark Twain


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Fundamental transformations are not led by institutions. Institutions, for the most part, have a focus which prohibits their ability to recognize and understand the sea change around them. Their organizational structures impede their ability to adapt and respond, and they often sub- optimize their activity in new venues to protect legacy interests, products or markets.


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Action and knowledge is with people on the cutting edge in this digital age. Peter Drucker once defined the entrepreneur "as someone who does something new and gets it done." I suggest that there is a new breed of entrepreneur — netpreneur — who is getting new things done with the digital medium.


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Netpreneurs are the people creating models, ventures and opportunities centered around digital networks. They are united by their reliance on the network bridge and the critical mass of the Internet.


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They are students of all ages developing new ideas in their basements and employees who become overnight millionaires at companies like market America, Yahoo, Google, LinkedIn, Face Book and scores more.


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They are intrapreneurs spinning out of older, established organizations, collaborating in new ways to understand and capitalize on the landscape of opportunity. And they are not just building businesses. Netpreneurs are bringing innovation and the entrepreneurial spirit to healthcare, education, government and community service.


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With the promise and potential of the "information superhighways" we should all ask ourselves: Why, despite the communications innovations of the last 150 years, each of which was supposed to miraculously improve our society, do we approach the 21st century with so many vexing social problems unresolved, and, in some cases, made worse?


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The answers are not in technology, but in people. The hope and promise is that the uniquely empowering nature of the new communications medium may help people collaborate to find answers.


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The question is: How do we capitalize on the opportunity for sustained, constructive change for our families, communities, institutions and businesses?


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Measure what you value. We must be less focused on technical, trophy accomplishments, like giving every child a laptop computer, and more focused on making a sustainable difference; that is, the real outcomes for people, businesses and communities.


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Champions aren't made in gyms. Champions are made from something they have deep inside them -- a desire, a dream,and a vision. They have to have last-minute stamina, they have to be a little faster, and they have to have the skill and the will. But the will must be stronger than the skill. Muhammad Ali


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