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Caring Senior Service Franchise Blog

Finding Job Security in Today's Market

Posted by Thomas Scott on Jun 8, 2018 4:57:00 PM

Path in the Redwood forrest

Tony Robbins said it best when he said: “Let’s face it, we’re not about to earn our way to wealth. That’s a mistake millions of Americans make. We think that if we work harder, smarter, longer, we’ll achieve our financial dreams, but our paycheck alone — no matter how big — isn’t the answer.”

Well, if we are working long and hard, and that is not the answer, what is the answer then?

100% Financial Independence Is the Answer

If you rely on your employer for economic security, you will never achieve financial independence, and you may not be all that secure, either. In today's world financial freedom is becoming harder and harder to find and the factors that contributed to job security in the past have changed drastically. After all, “Your life does not get better by chance, it gets better by change.” -Jim Rohn

Today's Job Market Creates Unlikely Casualties

Take, for instance, a field that is often seen as highly desirable and lucrative:  software development. What was previously seen as a very good career option is now a place where tenured employees are routinely unseated by recent college graduates, creating very low job security. Recent grads are preferable to older existing employees because their training is superior, just by being more recent. An employee who graduated 5 or 10 years ago has been focused on working, and maybe even raising a family, leaving very little time for additional training that would make them competitive with someone just leaving college.

This shift from a work culture that values wisdom and experience to one that values new technology can create a very precarious workplace for experienced employees.

The Only True Form of Job Security Is Being Your Own Boss

As your own boss, not only do you have job security, but you also can work on securing that financial independence that is so elusive when you work for someone else.

According to Jon Westenberg, “You won’t make the kind of money that can set you up for life and let you design your own lifestyle of your sole source of income is the salary paid to you by your boss.”

When you want to increase your income as an employee, there is only so much you can do. But as an entrepreneur, the number of hours you put in directly contributes to your success. Additionally, as a business owner you are building an asset. The business you build that generates profits will be yours to sell at some point, and the profit made from the sale of your business can be quite sizable!

Not an Option for Those Lacking Grit

Leaving behind a steady paycheck to start your own company definitely comes with some risks, and it takes determination and grit to reap the financial rewards. The franchise model is so attractive because it provides all of the positives of being an entrepreneur, but it doesn't require franchise owners to create their own systems for operations and marketing and provides ongoing support for the life of your franchise.

Signing on with a proven franchise like Caring Senior Service might be the perfect opportunity for you to venture out on your own with our help. Give us a call and we can help you begin your journey toward financial independence.

Software

Topics: Franchise Ownership

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