
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.
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9 Comments
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!
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.
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
MLS
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.
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