Startups are way harder than most claim them to be. Of course, not all businesses provide a substantial amount of income or free up your schedule. It’s hard to prepare when you are making minimum wage!) (A business also allows you to prepare for economic problems too. One keeps you working 9-5 for a set wage, the other offers unlimited earning potential and more free time. 83% of teenagers don’t know how to manage money today!) Can You Survive Without A Job?Ī job and a business do have something in common, you can’t eat them. (Even fewer young people know how businesses work. This means that the US is at least 64% less prepared to deal with a depression or recession than it was even 60 years ago!Īnd it is safe to say that many Americans today have no idea how to survive without a job. While most of these farms are family owned (about 96%), this means that over 64% American’s farms are no longer operational. They had food, shelter, and a means to keep going, even if it wasn’t the city-life they wanted.īut what about now? In 2017 a census was conducted which revealed that America only had 2.04 million farms in the entire country. So in the 1930’s when millions lost their jobs, many went home to work on their family’s farm. (Many of which were family operated and owned) In 1910 it is estimated that there we’re at about 6.4 million farms, and even in 1950 there were still about 5.6 million farms in the US. Much of America’s population was still relatively agricultural. If you have grandparents who went through it, they have a few stories to tell, am I right? Can America Survive Another Depression? Can You?Īmerica had never experienced something so devastating to its economy, but it was different then. Most readers aren’t old enough to have experienced “The Great Depression” that occurred in the 1930’s. Millions of Americans came to a rude awakening about their careers, realizing just how quickly their “stable” jobs disappeared in less than a year. The issue isn’t the integrity or morality associated with being an employee, it’s the stability. (The latter being more difficult today, but still achievable) That means they have their bills taken care of, they have cash to enjoy their interests, and usually have enough to support a family. Most people are respectable, hard working, and just want to live life happily. There is nothing wrong with being an employee or taking a salary. Just to further prove a point, if 198 million are employed in the US on average every year, that means nearly Half of all US employees either lost their jobs or couldn’t get hired! Again, that was just one year! Jobs Are Not Secure Or Recession-Proof We didn’t lose hundreds of thousands of jobs, we lost MILLIONS! (10 x 9.3 million = At least 90,300,000 jobs lost in one year!) If a single small business employs only 10 people, we just have to multiply that number by the number of businesses that closed in 2020 to see the truth. Even if we are being conservative in our calculations, and assume that most small businesses have only 10 employees, the results are shocking. The average small business has under 100 employees, with most having under 20. Originally, it was thought that we lost hundreds of thousands of jobs in 2020, but this simply isn’t accurate. (Which means about 198 million people are regularly employed) The Economy Has Plummeted, Are You Ready? The U.S usually boasts 60% employment, and over 330 million people living in the country. If we do the math, that means that around 9.3 million small businesses closed in 2020. (Which account for 99.9 percent of all businesses in the country) About 1.5 million jobs are created a year from these small businesses.įacebook reported that the pandemic, the lock-downs, and quarantines rendered at least 31% of US based small businesses “non-operational” in 2020… Let that sink in for a moment. In 2019, there was estimated to be around 30.7 million small businesses in the United States. But do you know why our training beats out the competition? Or why our students get such fantastic results? ( Spoiler, it has to do with you making 100% of the profits, and understanding the needs you fulfill) You may have heard about making money on money, selling money, or even being a profitable middleman. If you are reading this, then you are probably already familiar with the concept of business loan broker training.
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