Let’s shift gears from the 4 disturbing trends and how they are effecting folks just like you and me. We’re going to talk about how these 4 trends are converging to create a powerful 5th trend.
Let’s break down the four trends and see how they have converged, since 2007:
Trend 1) Massive shift to online buying continues (this is good for anyone doing
Trend 2) People are making less money (underemployment and recent graduate employment is at an epidemic level.)
Trend 3) Massive government debt and deficits continue (massive cuts will have to be made to social programs in the near future.)
Trend 4) 20 million baby boomers turned 50
The first four trends have converged to create a powerful, indisputable mega-trend.
The Resulting MEGA TREND…
The Age of the Entrepreneur
Over the last five years there has been a dramatic increase in the number of people
looking for ways to “make money” outside of the traditional realm.
FACT: Since 2007 the number of people searching the Internet for ways to “make
money” has more than doubled since 2007 to over 5 million per month. (Source Google.com/insights)
That’s a 200% increase.
Over the last two years there has been a dramatic increase in the number of people
starting new businesses.
FACT: According to the Global Entrepreneurs Monitor, 12.3% of people in North America were actively engaged in started or running a new business in 2011 – a whopping increase of 60% from 2010. (Source: http://blogs.cfed.org/cfed_news_clips/2012/02/rise-in-startups-draws-doubter.html)
FACT: 543,000 businesses were started EACH month in 2011 (Source: Kauffman Institute)
And, even though millions of people for the first time are starting businesses – here in
the US especially – we have a lot of catching up to do.
FACT: With only 7.2% of Americans self employed compared to Canada at 93%, Germany at 12%, and Italy at 26%. (Source: CEPR Analysis of OECD data.)
FACT: In order for the US to catch up with the other industrialized countries, about
20 million entrepreneurs would have to be created. (Yes, 20,000,000.)
Economists and experts agree. This truly is the “age of the entrepreneur” and if there is
any hope whatsoever for a sustained recovery, it’s going to be up to small businesses and
entrepreneurs to make it happen. (Source: Small Business Administration)
The millions of jobs outsourced to China and India are not coming back. The tech boom has come and gone. A Forrester Research report forecasts by the year 2015, approximately 3.3 million jobs will be lost irreversibly to outsourcing and off-shoring.
The age of the entrepreneur is here. The age when the only thing you can count on is you,
yourself. Your passion, your drive, your focus, your determination, your ambitions, and your perspective.
You Must Own Your Own Business
I saw these stats the other day and they were eye opening. If anyone thinks bailout plans
and social programs will empower the world just looks at who actually FUNDS it all.
*The top 1% of American taxpayers pay 40% of the income taxes.
*The top 5% of taxpayers pay over 60% of the taxes
*The top 10% of taxpayers pay over 70% of the taxes.
*The top 25% of taxpayers pay over 90% of the taxes.
*Even more mind boggling, the top 1% of taxpayers pay more taxes than the bottom
In New York City, America’s financial capital, 50,000 taxpayers pay virtually 100%
of the income taxes for a city of 8 million people.
This is why I encourage everyone to become an entrepreneur. Not only will you save yourself but you are the fuel on which all successful countries run.
So, how does one go about capitalizing on these trends and becoming an entrepreneur?
More specifically, how can YOU be one of the ten million millionaires created over the next decade as predicted by economist Paul Zane Pilzer?
How can you make sure that you are correctly positioned on the right side of this MEGATREND?
Info from Jay Kubassek shared with you by Dr Jill, Senior Marketing Consultant