The Business of This
The first few
years of the new millennium have seen businesses of all sizes suffering
Most big consumer companies are stock
exchange listed, with a duty to increase shareholder value and profits. They do
this in two ways. Firstly, by cutting costs, imposing smaller budgets and
tighter deadlines. In todayís world, this is more and more frequently
achieved with a major re-location of white-collar and manufacturing jobs to
places such as China, India and the Philippines. The managers who worked with
this workforce are also no longer needed.
Secondly, companies seek to expand market
share, or enter new markets, by absorbing small and medium sized
businesses that simply donít have the same muscle; This is no environment to
be setting up such a business.
Businesses, large and small also find
themselves increasingly burdened by often over-whelmed with bureaucratic
pressures, and the mounting cost of coming into line with legislation. This in
turn affects their margins of profit, and some resort to carrying increasing
debt in order to continue trading.
20th century concepts of achieving
prosperity, lifestyle and security are all but obsolete.
People now tend to fall into one of two
categories: Time rich and cash poor; all the time in the world but no money with
which to enjoy it, or cash rich and time poor; all the money in the world and no
time to enjoy it. Work/life balance is now almost impossible to achieve.
The longest recorded 'bull-run' on stock
markets has been replaced by volatility,
and the housing market remains
unpredictable. Together, this means that we face an uncertain future for
ourselves and our families.
Pensions are delivering terrible returns
from a sector torn apart by scandals and mis-selling, and personal savings are
at a record low. Looking forward to what should be the 'golden years' at the end
of a hard working life, is now for the few.
With life expectancies on the rise, Social Security funds will be exhausted within the next 25 years and costs of long term care make retiree medical cover prohibitively expensive.
Independent distributor of Forever Living Products