What Part of Handwriting on the Wall Dont You Understand - They Dont Hire People Over 50

In a recent talk to the Detroit Economic Club, President Bush told of a powerful statement made to John Bailey by his wife, "Just what part of the writing on the wall don't your understand - companies don't want people over 50!" The White House staff had become aware of an amazing story of entrepreneurial success stemming from John's wife's words.

John's wife was very quick to read the writing on the wall, rationalizing that it would be virtually impossible for John to find a new job. An extremely insightful woman, she saw that John's competition in his job search was a wealth of people, albeit less experienced, that would be applying for each job John sought. In order to land a job over these younger, less-experienced applicants, John would have to sell himself before the topic of pay was placed on the table. Once pay came into the picture, even if John was willing to accept a lower rate of pay it is doubtful he would get the job.

According to my friend, headhunter Jeff Breza, "If someone can choose between an applicant with some experience earning 40K and another with vast experience earning 120K, they would much rather give the 80K position to the first. The second person will grow to resent the pay and become bitter while the first person will be very indebted to me for such a great offer."

Faced with the prospect of a long job search, the Bailey's had to make an important decision:

use their savings to fund an extended search realizing a job offer may never come

or

use their savings to invest in their own business.

It is important to make this decision as early as possible. The longer one is unemployed, the more discouraged they get and the more difficult it is to shift back into a daily high-energy routine. To start a business takes time, energy, and a positive attitude. The best chance one has is to jump into the game early.

Marty found his position eliminated after over two decades. Instead of spending his time feeling sorry for himself, he took the opportunity to write a book about his experience as a business coach. His book, "In There Presence", catapulted him into his own business as a leadership developer and multi-rater feedback coach.

Dave had wanted to start his own Human Resources business for many years. When he heard there may be an opportunity for a severance package, he was excited that he would finally have his chance. He started immediately to find clients for his company so that he would have enough to support himself once the severance ran out.

Joe's corporate job ended abruptly with a management change. He used a settlement he received to buy a building and start a martial arts school. He now enjoys a stress-free career working for himself.

Each of these individuals recognized that by starting their own business, they would not be in a position where there career relied largely on a single individual. They knew that age, regardless of law, was a handicap that would be difficult to overcome, so they had to think differently.

If you are in the unique position where the transformation form a corporation professional to an independent self-employed businessperson is a available, carefully consider the advantages and disadvantages of each. Each has pros and cons.

â?¢ One is a world where your pay is preset versus the other when pay is unlimited

â?¢ In one a single supervisor determines your fate, in the other that single individual is you

â?¢ One provides benefits while the otherâ??s benefits are purely financial

John's wife was very insightful in her comment. She knew that looking for a traditional job would involve many months of heartache and disappointment. She saw John's talent, and she help him catapult a lost job into a major human relations firm.

Rick Weaver is President of Max Impact, a national leadership and organization development company based in Rochester Hills, Michigan. Rick is an accomplished business executive with experience in retail, market analysis, supply chain and project management, team building, and process improvement. He has worked with hundreds of companies to improve sales, processes, and bottom-line results. MaxImpact offers leadership and organizational development services along with employee assessments and background checks. Contact Rick at 248-802-6138 or via email, rick@getmaximpact.com. MaxImpact is on the web at http://www.getmaximpact.com

____________________

Advertisement: Honest Riches - Click Here!

Advertisement: Lost AdWords - Click Here!

Advertisement: Get $1 Million A Month In Google Pay-Per-Click Ads Free! - Click Here!

Advertisement: Who Loves Money? - Click Here!

Advertisement: SEO Elite, the GrandDaddy of SEO Software - Click Here!

---

What It Takes To be An Entrepreneur Series: Action

Many people have the professed desire to be their own boss, start their own business ecetera, ecetera...Trouble is, how many people actually take the steps necessary to... Read More

5 Habits Of Successful Entrepreneurs

Habits get a bum rap. When you think about your habits, I bet you think of the "bad" ones - the ones that you aren't particularly proud... Read More

Rx for Falling Corporate Profits

Once again the squeeze is on as renewed inflation worries slow the economy's growth and many companies resort to believing that cost cutting is the best means... Read More

Outcomes - Thats What You Need to Focus On

Successful business owners and managers need to be very clear about what outcomes they want. Whether you call them goals, objectives or targets, these are the factors... Read More

Youth Entrepreneurship, A Disappointing Truth

The psychology of entrepreneurship can be very rewarding to one who dreams of starting their own business. The freedom of being your own boss has billions of... Read More

The Danger Of Hate

As you have shown an interest in starting a business of your own it would be safe to assume that you want to change your life. You... Read More

Do You Have What it Takes to be a Successful Entrepreneur?

Print off this page, take the quiz and find out if you've got what it takes! See the scale at the bottom to mark yourself.Answer the following... Read More

How To Find Hot Online Business Ideas

Would you like to find the key that unlocks the door to a gold-mine of online response, sales and results for your business?It seems obvious that you... Read More

The Reluctant Entrepreneur

It seems odd to think of a person opening a shop, knowing that they're not at all interested in selling or in face-to-face interaction with customers. But... Read More

5?4?3? 2...1?

A streak dating back more than three decades came to an end at midnight on New Year's Eve. For the first time since 1972, as America rang... Read More

Bonsai Marketing

Site location analysis of regional service areas and planning for mobile businesses is just as important as choosing a fixed site for any business. The region must... Read More

Creativity & Entrepreneurship - Key Questions From My Students

Hello Creative Entrepreneurs!Thought for the day:"It is not easy being an entrepreneur, but it is always rewarding. It takes great discipline, self-motivation, hard work and perseverance to... Read More

From Bank Clerk to Entreprenuer

What seems like a century ago, I left school and joined a well-known High Street Bank. In those days working as a bank clerk was a well-established... Read More

Strategies for Overcoming Obstacles to Discovering Your Gifts

What are the unique gifts that differentiate you from other solo entrepreneurs? The path to discovering your gifts may take a lifetime, but you can use the... Read More

Will Your Business Survive Without You?

I had a health scare in December.As it turns out, everything's perfectly okay. But the possibility of things not being okay really knocked me for a loop.For... Read More

Mobile Car Washing Long Term Opportunities in the Market

The long-term outlook for the Mobile Car Washing industry is positive. It is ripe for savvy company to develop regionally or nationally to dominate the market. Currently... Read More

Beware the Opposition!

Any time you make changes in your life you are going to be met with opposition from people who would prefer you to stay exactly as you... Read More

The Magic of Float

If you've ever received a service today and paid for it in 30 days you've experienced the concept of "float" ? the time difference between when you... Read More

When Your Business Feels Like an Arranged Marriage

Q. I was laid off six months ago. Jobs in my field are scarce so I moved to a new town to start a home business. People... Read More

An Entrepreneur and a Life To Be Remembered

I was reminded of my own mortality today. I guess you can say I had a near death experience, though the death I experienced was not my... Read More

The History of the Franchise Business - Learning about Business Opportunities by Looking at the Past

Hair care has been around as long as humans have been on the planet. The earliest record of personal hair care dates back 2.5 million years ago,... Read More

Before the Business Plan

Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a... Read More

What Online Millionaires Tell Me They Are Worried About

I just arrived back from the best seminar I have ever attended in the last 10-years.There were more "Underground" millionaires at Yanik Silver's "Underground" seminar than I've... Read More

The Entrepreneurial Difference

Who would ever have imagined that going door-to-door in my neighborhood selling figs from a bright orange shopping cart would have been my entrepreneurial beginnings? I surely... Read More

Raising Entrepreneurs: What to Do When Your Kid is Born to Think Differently

Adolescence brings with it many challenges ? for both parents and kids. Young people, still new to the world, are embarking on a journey to discover their... Read More

Pre-Money vs. Post-Money Valuation

When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the... Read More