According to the Direct Selling Association, an estimated 46 million people worldwide are involved in direct sales. In less than ten years this number is expected to grow to an unbelievable 200 million! Many of you may have considered a home based internet marketing business as a new career, but have not yet weighed your options. You may be stuck in a dead-end job, or have recently been laid off or lost your job. Are you willing to make the transition to a career online but are unsure of what your future holds? Being self-employed offers independence, flexibility, and tremendous income potential. The alternative could prove to be a future much less palatable and filled with uncertainty.
Countless people in the workplace have considered a home based business as it affords them the freedom to be their own boss, an autonomy that’s not found anywhere else. Extensive research reveals the four crucial life skills that are neglected or omitted from a company’s training and support program include: financial and tax guidance, coaching and leadership skills development, business management and technology training, and daily success practices and implementation that are the true linchpins of growth and long-term sales stability. This knowledge, albeit powerful won’t deter us, and every day we are seeing individuals embrace the idea that being entrepreneurs is their true calling. In December of 2009, Jason Daley – Entrepreneur Magazine is quoted: “We’re seeing the beginning of the entrepreneurial economy system built on nimble, low overhead, oftentimes small companies.” What this represents for you is opportunity for unlimited growth!
Many new entrepreneurs in 2010 are none other than the 55-64 year olds. They are the age group showing the highest rate of entrepreneurial activity. It’s no surprise that the 20-34 age bracket shows the lowest rate as they are the hired to replace the aging workforce ( i.e. baby boomers ) who are nearing retirement. Would it surprise you to know that thirty-nine was the average age of U.S. born tech entrepreneurs when they founded their companies? Northeast University’s School of Technological Entrepreneurship Survey reveals sixty-six percent of them were inspired by innate desire, not by education or training.
Being self-employed definitely has its advantages; unlimited advancement being the most important, followed by employment security. Success means being able to transition to a career online – your future depends on it!
Hi Karen – its profound isn’t it – millions of people are realizing that their destiny no longer needs to be in the hands of a Human Resources department and dependent on Resume. There has never been a greater time to take personal responsibility in the achievement of your aspirations -Opportunities abound for those with the appetite and desire to take action
Michael B Wilbraham Says:
Really interesting reading Karen. The statistics are astounding.
I think the idea of freedom is a strong motivator as to why most people want to start their own business. To be able to take control & call the shots…I know that is what motivated me.
Also, it is not necessary to always look to starting a business online. I started my own business just over six years ago, at the age of 46 – an electrical materials wholesaler…& yes, I DO get to call the shots!
However, having said that, I am also building an additional business online, the plan for this is that it will be my pension. My offline business will be handed over on a management buyout to my daughter when I am ready to embrace the more relaxed lifestyle. Then, God willing, I will spend my days, or a few hours anyway, monitoring & managing my online business…& enjoy my golden years free of worry, burdens & in style.
At least, that’s the plan!
Marcus Baker Says:
Exciting times we live in. We are so well positioned to be early leaders in the economic revolution that is currently taking place.
I really found the age statistics so interesting. I wonder whether a lot of this also has to do with the fact that we live in such an ageist society that believes “young is better than older” . Ironically though it will lead to the older generation achieving their freedom first and I say Hallelujah!
Wayne Wu Says:
I’m glad I got an early start… then again, I couldn’t imagine, knowing what I know now, to start a business when I’m 39 years old. But it’s a good thing, because there’s a lot of hope out there. People will get the that spark when they realised they’ve toiled away for 20 years and built really nothing for themselves. Entrepreneurship is pretty much the only way we can get out of this economic mess.
Thanks for sharing,
Heather C Stephens Says:
You share so much value in this post! This really is an incredible time to start a business and with so many people in need of extra income, it’s a great thing. I wasn’t aware of the age of the tech entrepreneurs, but I can totally relate to the part where many of them were self inspired and not “trained” to do so. That’s me.
It’s exciting to be a part of such an incredible movement, and I feel so blessed to be a work at home mom and mompreneur.
Oliver Tausend Says:
a great read. You’re talking about desire. A burning desire is much more stronger than education and schooling. On the other hand, being self-employed has its advantages as well as its disadvantages. If people don’t pay attention, they can get stuck in the rat race much more severe than as employees. Chances are that we are less kind to ourselves than our former bosses were, right ? Robert Kiyosaki says that success in the Self-employment quadrant (S quadrant) can be worse than failure. Iti’s not about trading the corporate rat race against the S quadrant rat race. In order to avoid that, people have to unlearn a lot of things they incorporated over years and years, especially the very bad habit to work for money.
Thanks for sharing.
Thanks for sharing this interesting insight, along with some very telling statistics!
The global economy is changing. The balance of wealth is changing. There is no better moment in history up until this time to become an entrepreneur – it’s an exciting thought!
I wonder what all this will mean for the young people who are yet to enter the workplace, who will come of age in a world where the entrepreneurial mindset is more prevalent than it has ever been in the past?
All the best,