Life has a serious way of throwing curve balls at us. You may be feeling very secure in your job right now but are you really secure ? What if you lose your job today ? Are you prepared ?
Losing a job can cause emotional, financial and mental upheaval in our lives. One huge curve ball is learning that your job is being eliminated through something like a company downsizing or layoff, a merger or acquisition, a full-scale company closure or you are being replaced by automation. Regardless of what causes your position to terminate, getting this news can create one of the most difficult and conflicting times for employees at any level. It can prove to be a time of confusion, uncertainty, insecurity and ambiguity, and these things can often lead to higher levels of stress, mistrust, ineffective communication and organizational service deficiencies.
The following is an extract of The Impacts of the Fourth Industrial Revolution on Jobs : World Economic Forum (WEF) Report
- 57% of jobs are currently at risk of automation
- Bank of England estimated that two thirds of all jobs are capable of being automated in 20 years time
- 85% of job losses in USA due to new technologies
- Regardless of the specific data, an indisputable fact is that the 4th Industrial Revolution has already come, and the current workforce is already feeling the heat.
The 4th industrial revolution is a reality. Many jobs are at risk especially jobs that are “repetitive and predictable” as Martin Ford, futurist and author of Rise of the Robots: Technology and the Threat of a Jobless Future explains, because they are possible to replicate through Machine Learning algorithms.
Richard Johnston from Ulster University’s Economic Policy Centre said: “Sectors like manufacturing, logistics and retail and wholesale and some of the lower skilled occupations within are the most vulnerable to being replaced by some technology or machinery or robots.” For any business owner, the pursuit of profit maximization is the most important goal and reducing cost is an important factor to consider. No matter how low people’s wages are they’ll never be able to compete with the robots and machines, no salary, no break and no illness. Machines are better at the job: The National Institute of Standards predicts that “machine learning can improve production capacity by up to 20%” and reduce raw materials waste by 4%.
So, how secure are you really in your job ? You need to ask yourself the question what will you do if you lose your job ?
Don’t wait until you hear the news. Have a backup plan in place. Start learning about entrepreneurship and creating your own job security by starting a business even if it is initially a side-line hustle. Just have something going for you.
Where will you learn about entrepreneurship ? Luckily there are companies like Entrepreneur Training Courses LLC that provide courses to assist you to learn “How to Start a Business”, providing “Step-by-Step Guides to Business Success” and “The Profit Machine Process”. These courses are low cost and are designed to prepare you for your own business.
Think about this. Even as an employee you have your own little business. What did you do when you applied for your current job. You did marketing by marketing your skills and knowledge to the company that you are working for. You closed a sale when you landed the job. You are providing a product or service to your company. You are earning a salary. What is this other than earning revenue. You have bills to pay which is expenses. What is this other than an income statement. You buy assets with your revenue. What is this other than building a balance sheet. You have your own sole proprietorship. You have your own business whether you like it or not.
You may as well ensure that you understand the principles of business by doing the “Step-by-Step Guide to Business Success” and improve your chances of keeping your job. Rather be prepared for any eventuality that may occur whether you lose your job or not. Don’t wait until something happens. You now have a chance to do so.
Entrepreneur Training Courses LLC provides online training for prospective entrepreneurs as well as an online business opportunity to get you going if you do not have a business idea or a job. You can Earn while you Learn.
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