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Layoffs at Dell: Another Reminder that It's Better to Work for Yourself

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If ever there was a case to convince you that job security only happens when you own the business, you need only look to Dell Computer. They recently announced results that "blew away" Wall Street expectations. They made $759 million for the quarter and thanked their employees by announcing a planned layoff of 8,000 people, roughly 10% of their workforce.

There's no question they have been taking a beating recently and margins continue to erode in their space but that's what makes my blood boil about big business - you have no control of your future cash flow or career when you work for someone else. Unless you own a business you're letting someone else play your cards. I used to say that with one bad quarter you can be out of a job working for a big firm but here's evidence that even with a solid fiscal period layoffs happen. In fact, they happens all the time.

What's the lesson? It's simple: do whatever you must but get into your own business! If you're reading this blog you obviously have the desire at some level to own a business. Now, you must translate that into an all-out commitment to achieving your goal. Stay focused. Learn everything you need to know about buying a business and then do it. I promise that once you buy a good business you'll read articles like the Dell story and while your heart will go out to the poor folks who will soon be unemployed, you will, at the same time, have to smirk. Because getting laid off will never, ever happen to you.

Trump University Professor Richard Parker developed Trump University's self-paced multimedia home-study course on Buying a Business. Professor Parker bought his first business when he was 12 and sold it for a profit when he was 13. He has now bought more than 10 businesses and is a national authority on the subject.

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9 Comments

[-] Posted by member1600131 on 06/16/2007 12:13 PM
Hi Richard,
In business, you are not only securing your job but also protecting job of whole lot of your staff. You generate job for others.
Thats why I am promoting entrepreneurship. Read my blot at http://www.rajeshshakya.com for entrepreneurship.

Rajesh Shakya
http://www.rajeshshakya.com
Helping technopreneurs to excel and lead their life!
[-] Posted by Business 2000 Foundation.com on 06/16/2007 2:37 PM
To have the passion to live the dream.

Have a great business plan and strategy. The market and economy is soft, the needed cash and it's cash-flow to operate the business; look at ways to budget and save.
[-] Posted by Veronica Da Metz on 06/17/2007 2:59 PM
its ironic, but in a way it follows Dell's business plan, they build computers and sell at a "lower" price. So the fact that Dell did it this not a surprise, the fact that its 8,000 people, that is a surprise. I read somewhere it will be around 400,000 this year, specifically for the tech industry. Out of the 400,000 what would be the percent that would start a business? And out of that number how many would succeed in a two year plan? Or a five year plan? I guess the moral of the story, I will layoff Dell.
[-] Posted by Daniela -Madrid on 06/18/2007 7:10 PM
Hi Richard,
the best certainity is the uncertainity isn*t? a bit bitterness sorry but what will do that 8000 people? in how many pies will be detached? 2000 at 4 months to did*t desechilivrate the payments balance in once or less per months, well bypassed by a huge foreclosured phenomen unemployment spams unable to cover in once such a large number of peoples, as they have assets good, if they have a sure retirement plan also but looking at governments how manage that aspect less peobable that the funds will be available as long soo many impredictable events occur generally spoken, from volatile but sure recession to some wars or natural disaster, asking myself that with the large number of people able to work educated how much of them, %-ually will re-enter the work market in they*re field or depend on the long term loans they*re mobility degree will be reduced, that large noumber of funds invested in drugs addictions, in prisons sustainment fees, in illnesses or divorces it appear that what we believe we have in one moment will spread and start again, assets as financial long term stability are important but the social foundation again insist that we did*t recognize perhaps the source of all that bad roots affecting largelly the actual working generation and will let the field damaged for the next as unendet struggle for the worst taking in account that the raport quality of life balance at the basics well..like Pisa tower...asking myself as long as taxes differ as load by county, how may cover the Social Security that kind of situation... with high rates of loans and oil fluctuations perhaps is the time that we learn from Trump University to do what the banks do
and invest in ..in the future but investing differently by choose what the future will look like! starting with renewable energy*s that cars based on Hidrogen from water look great, Hgenius of GM and Daimler preeetyy and expensieve until produced at large scale, solar energy for homes soo here we are development and shortly the new technology*s are implemented easyer in developed country*s? welll cost more do make the change of old functional systems and racords(joints network) so naturally we apply technology to help undeveloped or exposed to disaster, we invest in our humanity problems to cure and balance and result is winn winn, our investments profit in short and long term too, they produce if sustained is normal, each country is blessed with different resources the love to give help where is needet it transform softly the foundation we have now, and with your permission not to touch it just as warning that we may use it helping us and others in once. Population growth demand no matter what the development and globally we are in huge debt to Humanity as we look the map of 21Century, soo as long the structures are in place, imagine that we did*t touch the structure just the real social defense not investing in guns and destruction elevated strategy*s USE it to heal at reverse :)
I believe in American Dream is a brave history of 400years fine class on which contribute the whole world in a continuous emigration process to build a better future, but with your permission, the foundation subtle but strong requirement as God bless if obey, is Jesus path, his sacrifice as basement for the New World we still miss it and are just basics principles, thissame we avoid to face it and we go deeper into growing social troubles which to sustain will never have enough resources for(again drugs sacrifice generations war e.s.o.) so as globaly we are at intiem dependency:resources, war between us, politics, as we talk thissame ethic language valuable globally to becouse contain the class of Humanity roots of history itself to learn from, as simple as ONE book Bible is..walk on the path of God Word as obey in this new century perhaps will make the difference.That is what we have, one planet one book as LIFE MAP! to live and build a future on: new people new homes!
Daniela
[-] Posted by member1571220 on 06/19/2007 1:43 PM
I went to one of the free Trump Seminars in Columbus, Ohio earlier this year and I loved it. I am 30yrs old and know that I do not want to work for someone else the rest of my life. At this time I am out of a job, which is another reminder for me that I must move quickly to begin building my own financial wealth and security. I want to retire by the age of 40.
MLS
[-] Posted by u210964 on 06/19/2007 4:10 PM
I've had my own business since 1988, but my heart still goes out to those Dell employees. I haven't purchased a Dell product since experiencing their extremely poor customer service for a computer that I got from them about five years ago, and I'm not likely to ever buy anything from Dell ever again.

They treat their employees and their customers in a very similar manner, poorly; and I get to express my opinion by not buying anything that they make.
[-] Posted by The Haberdasher on 06/19/2007 4:42 PM
Entrepreneurship is not the end of the answer because a one person business is still at risk if something happens to the sole proprietor. In order to ward off risk you need to have income created by others in addition to yourself; a stream of income. Or perhaps owning multiple businesses. It's like having a diversified portfolio in your investments.

Jeff Collins, Professional Haberdasher
http://www.MyHaberdasher.com
[-] Posted by member1481319 on 06/19/2007 5:47 PM
Classic big company screw over. Working for someone else sucks. A company buys you at wholesale and sells you at retail. If your name is not on the building, you are building someone else's dream.

Phil Quagliariello
www.freedomringsonline.com
Mt. Crawford, VA
[-] Posted by member1240227 on 06/21/2007 10:21 PM
I agree, that's why I own Fish Window Cleaning franchise and NY Mobile Ads. Thank you.

loyal fan

Oskar Latek

www.nymobileads.com
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