The amount of people who are out of work across the world has reached unprecedented levels. In Latin America and the Caribbean the unemployment rate is estimated to have risen from 7 per cent in 2008 to 8.2 per cent in 2009 /3, amounting to 4 million additional jobless in 2009. Even in Oakland, people in many states are being affected by the economy and having difficulty locating good work opportunities. This trend isn’t limited to basic level positions – people at all levels are being affected.
Senior level professionals are going through an interesting problem. After years of faithful service and climbing the company ladder, they are being let go and having to start out all over again. To complicate things, quite a few are finding that corporations are promoting younger executives to lower paying middle management positions and assigning the equivalent duties that a VP used to manage. Many individuals in this scenario have only three choices – get a low paying job to make do, retire early or start their own venture.
One good thing is that starting your own private venture has always been a major way to make a lot of money. And in our day it truly is much easier and less costly than ever to get into business. As smaller, lighter and more efficient systems, elements and production approaches emerge, the expense of opening and owning a small enterprise will continue to decline. However, if you are going it alone you may end up as a statistic – one of the 5 out of 10 non-franchised startups fail within the first five years due to lack of capitalization. One company, PBA has created a service to match senior level executives with the right entrepreneurial venture.
Personal Business Advisors Reviews
Personal Business Advisors has helped hundreds of VP level executives transition from a corporate work place to free-lance consulting, company and franchise ownership. PBA has over 100 trained and knowledgeable Senior Advisors that work one-on-one with executives to understand their requirements, likes and dislikes, talents and hopes and dreams. Their experts and corporate members work to identify and pick business opportunities which suit the standards and parameters identified by every individual client.
