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For Entrepreneurs, Nothing Fails Like Excess

yachtWe caught an interesting piece on CBS Sunday Morning a few weeks ago. Not surprisingly, a lot of yacht owners have given up the boat as a result of the Great Recession.

A boat repo man said most of the yachts he recovers are from people “who weren’t as rich as they thought.”

They should have read Tom Stanley’s latest book, Stop Acting Rich … and Start Living Like a Real Millionaire. Like his prior books, he demonstrates that most truly wealthy people don’t live like they’re rich.

BIGG success is life on your own terms. If material possessions are part of your definition, more power to you. However, a lot of people end up much poorer trying to feel richer than they are.

As an entrepreneur, your standard of living can also impact your business. You won’t have as much flexibility if you put an undue burden on your business finances by buying toys you don’t need.

You may miss out on opportunities. It may create unneeded stress. It can even lead to bankruptcy.

There’s nothing inherently wrong with enjoying the “good life.” You should enjoy the “fruits of your labor.”

Just remember that nothing fails like excess.

Image in this post by wilksailor

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What’s Hot in 2009: Careers

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. We begin the five-part series today by looking at careers.

We recently posted an article on hot careers for 2009. On today’s show, we want to share some more thoughts. It’s a tough market if you’re looking for a job or changing careers right now. However, rest assured, there will be opportunities in 2009.

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Opportunities in 2009

In the near future, we think the best opportunities will be “pockets”. As we define this term, “pockets” are niches within a larger job category. To find the pockets of opportunity in 2009, think about what’s been in the news and what opportunities in your area of expertise may benefit from that news. 

For example, while foreclosures and bankruptcies are wreaking havoc on many, they are also creating opportunities for others. The finance profession has probably been hit as hard, or harder, than most fields.

However, opportunity still exists for certain specialists. A friend of ours is employed by a major bank’s workout department. In the last month-and-a-half, they’ve gone from our friend and one other employee to a department with about forty employees.

Some of these opportunities may be really hot in the next year or two. Then it will be time to move to a different specialty.

Opportunities in 2009 and beyond

For the long-term, think trends. In the article we mentioned previously, we looked at careers that the Bureau of Labor Statistics expects to be in high demand for the next eight years or so. Then we refined it by looking at expectations for 2009, industry by industry. 

If a downturn was expected in an industry, we excluded careers in that field from the list. For example, it’s expected that the casino industry will be hiring people at an above-average rate in the coming years. However, the industry isn’t expected to do well in 2009 so we removed jobs in that sector.

One trend we’re all familiar with is the aging of the baby boomers. As they reach retirement age, many career fields are expanding to serve them. One is the health-care arena where demand for workers isn’t expected to be saturated for some time to come.

Another field that plays into this trend is financial services. Especially in light of what we experienced in 2008, people are being more diligent with their investments. In particular, the baby boomers are looking for professionals who can advise them on crucial financial decisions.

These are just a couple of examples that play off this one trend. The full article has over fifty occupations with a bright outlook in 2009 and beyond.

Even if you’re not currently in the market for a job, you might find it valuable to take a look at this information. You may just discover your bigg opportunity.

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Get the tips and tools you need to be a BIGG success
when you subscribe to our weekly newsletter
the Bigg Success Weekly – it’s FREE

___

Thanks so much for checking in with us today. Again, be sure to check out our extensive article on hot careers for 2009, you'll find over 50 professions listed. Next in our series of what’s hot in 2009, we’ll focus on business opportunities. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00301-010508.mp3

Related posts

What’s Hot in 2009: Businesses

What’s Hot in 2009: Threats

(Image in today's post by MISHA)

BIGG Success Logo boxed

What's Hot in 2009: Careers

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. We begin the five-part series today by looking at careers.

We recently posted an article on hot careers for 2009. On today’s show, we want to share some more thoughts. It’s a tough market if you’re looking for a job or changing careers right now. However, rest assured, there will be opportunities in 2009.

___

___

Opportunities in 2009

In the near future, we think the best opportunities will be “pockets”. As we define this term, “pockets” are niches within a larger job category. To find the pockets of opportunity in 2009, think about what’s been in the news and what opportunities in your area of expertise may benefit from that news. 

For example, while foreclosures and bankruptcies are wreaking havoc on many, they are also creating opportunities for others. The finance profession has probably been hit as hard, or harder, than most fields.

However, opportunity still exists for certain specialists. A friend of ours is employed by a major bank’s workout department. In the last month-and-a-half, they’ve gone from our friend and one other employee to a department with about forty employees.

Some of these opportunities may be really hot in the next year or two. Then it will be time to move to a different specialty.

Opportunities in 2009 and beyond

For the long-term, think trends. In the article we mentioned previously, we looked at careers that the Bureau of Labor Statistics expects to be in high demand for the next eight years or so. Then we refined it by looking at expectations for 2009, industry by industry. 

If a downturn was expected in an industry, we excluded careers in that field from the list. For example, it’s expected that the casino industry will be hiring people at an above-average rate in the coming years. However, the industry isn’t expected to do well in 2009 so we removed jobs in that sector.

One trend we’re all familiar with is the aging of the baby boomers. As they reach retirement age, many career fields are expanding to serve them. One is the health-care arena where demand for workers isn’t expected to be saturated for some time to come.

Another field that plays into this trend is financial services. Especially in light of what we experienced in 2008, people are being more diligent with their investments. In particular, the baby boomers are looking for professionals who can advise them on crucial financial decisions.

These are just a couple of examples that play off this one trend. The full article has over fifty occupations with a bright outlook in 2009 and beyond.

Even if you’re not currently in the market for a job, you might find it valuable to take a look at this information. You may just discover your bigg opportunity.

___

Get the tips and tools you need to be a BIGG success
when you subscribe to our weekly newsletter
the Bigg Success Weekly – it’s FREE

___

Thanks so much for checking in with us today. Again, be sure to check out our extensive article on hot careers for 2009, you'll find over 50 professions listed. Next in our series of what’s hot in 2009, we’ll focus on business opportunities. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00301-010508.mp3

Related posts

What’s Hot in 2009: Businesses

What’s Hot in 2009: Threats

(Image in today's post by MISHA)

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The Man Who Turned a Part-Time Job into a Blooming Business

By Bigg Success Staff
04-22-08

Success Stories

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Jim McCann started out as a social worker, which didn’t pay so well. So in the early 1970s, he got a part-time job in a floral shop to earn a little extra money. In 1976, he took the plunge and started his own flower business.

He did well in the business, but his one little shop didn’t make that much money. So he opened another one. Then another one. By 1983, he was running a small chain of fourteen stores.

And he was ready for an even bigger challenge!

He had an epiphany one day while getting ready for work. He was listening to the radio as he shaved when the thought struck – he would build a nationwide flower service!

To support that vision, he thought he needed a memorable toll-free number. He found a company for sale that owned 1-800-FLOWERS. What a great phone number! So he decided to buy them.

It was a terrible mistake!

The company had filed for bankruptcy. It was no longer an operating company. In fact, its only asset was the phone number he wanted. But Jim agreed to assume all the liabilities as well. He figured that they couldn’t have any significant debt since they were no longer an operating company.

That’s how he got burned!

Once he owned the business, he starting uncovering the extent of the debt. It was over $7 million! He nearly lost everything he had worked so hard for the previous ten years. His friends told him he should just give up and file for bankruptcy.

But he made up his mind that he would persevere!

He realized that he would have to scale up bigger and faster than he had planned. So he used his original company’s assets and good reputation to borrow even more.

It took about five years to get back on his feet, but he did it!

His next move was to establish an early internet presence. That increased sales even more!

He took his flower company public in 1999. He still continues as the CEO. Last year, 1-800-FLOWERS recorded sales of nearly $750 million!

Jim McCann turned a part-time job into a blooming success!

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Hear today's lesson and laugh on The Bigg Success Show. 

Sources

Stop and Sell the Roses, by Jim McCann

1-800-FLOWERS

Jim McCann: My Biggest Mistake, August 1998, Inc.  

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