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The New Economy is thriving - don't get left behind. Visit
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One of the questions I hear most frequently is "What exactly is the new economy everyone is
talking about?"
It is a good question and one about which we must all know the answer if we are to thrive and
survive. Unfortunately, the answer escapes most of us, even those of us trained in economics at
the university level.
Before answering that question, let's look at a few of the most significant economic shifts in
America.
When this country was established we were an agrarian society, everyone tilled the land, raised
crops and maintained their farmstead by themselves or with the help of neighbors. If you didn't
farm, you probably didn't eat and your life on this earth was pretty short.
As the population grew entrepreneurs noticed a need for food and other life-sustaining products in
the cities and towns that were being established. Some entrepreneurs were middlemen, that is,
they bought products from producers and sold them to consumers. Other entrepreneurs set up
small manufacturing facilities at their homes and created products for sale. It was what I call the
first "age of entrepreneurship".
It was a time when new products were invented, new ways of doing things required new products
and the risk takers of the era stepped up and brought their new products to the marketplace. The
outdoor smoke house was brought inside through the oven, but not the old brick oven, the new
and improved cast iron oven on which you could boil your stew using the same heat as the oven.
Truly revolutionary at the time.
It was a golden age. Until...
The invention of the assembly line. First used to manufacture rifles in Massachusetts this is the
production method that was mastered by Henry Ford who made vast quantities of automobiles
available at affordable prices to the general public. It also created huge factories that brought
people out of their homes and practically destroyed entrepreneurship in America. The world
wanted inexpensive products and the economies of scale of block long factories delivered them.
The home-based manufacturer was priced out of the market.
With this vast quantity of goods came another major change, goods were now shipped, primarily
by train, all over the country. Your new gas oven and stove could be made in Ohio even though
you lived in Mississippi. Martha, come look at this thing, it says "Assembled in Clyde, Ohio. I
wonder if my cousin Clyde knows that there's a town in Ohio named after him?"
How the world changes...
As they say, the only thing that doesn't change is change. The next milestone was the
"conglomerate" this was the phenomenon of the 60's and 70's where profitable companies were
gobbled up by corporations that did not have any experience in the industry they just began
competing in by acquiring a company that made something they did not know how to make. The
biggest winners in this game were the investment bankers who put together the billion dollar
financing packages and the Wall Street insiders who heard every rumor on the street. With the
economies of scale that conglomerates like United Technologies had, overhead costs were sliced
even thinner cutting retail prices even more. The search was on for even less expensive
manufacturing to match the really thin overhead costs.
You probably thought that everything that could be invented had been invented, as Congress did
in the 1870's when they closed the patent office...
And then, Steve Jobs and his buddies decided that you, too, should be a computer wizard. In a
matter of a few years, the invention of the capacitor led to the microchip which led to that computer
you're staring at right now. Holy motherboard, it's already been over thirty years since the Apple
computer turned our world upside down.
The one thing that every change from the assembly line to the Apple computer had in common
was the terrifying change in employment. First came all the jobs lost in home-based
manufacturing, because one person could do as much as three or four on the assembly line, to the
jobs lost due to computerization. I said the only thing that doesn't change is change, I was
incorrect, the only thing that doesn't change is how we must adapt to the new economy, whatever
it morphs into, in order to maintain our comfortable lifestyle. We are in the midst of another
change.
How quickly will you adapt, and grow, and succeed in the new economy. Oh yes, what is the "new
economy?"
We are entering the new age of entrepreneurship, this is the global entrepreneurship age. People
all over the world will create products that we want and need with a major new shift in marketing
and distribution. A good example is a company called Shari's Berries. These are delicious, hand-
dipped strawberries that can be delivered to your home, or maybe your sweetheart's home, as a
luscious treat. Now, I have no affiliation with this company but I have made a purchase from this
new global entrepreneur, and overnight, temperature-controlled shipping has made this product
possible. The new economy has made the creation of the product profitable.
But the story of the new global entrepreneur doesn't end with creating a new product, There is an
entire world of 6 billion people who need something. Who want something. Who need an
entrepreneur to bring that product or service to their computer screen. There are, today, over 1.6
billion computer users, you don't need to invent a product or service if you don't want to, you just
need to create a message to bring a product or service to someone's attention. You need an
"impression", that is how you can adapt to the new age of global entrepreneurship, all you need is
some training and some courage to stare down the Goliath of global economic change!
So where does the training come from? Let me invite you to go to
http://www.wealthcreatorsgroup.com to see how you can also succeed in the new economy, even
if you just got laid off.
http://www.wealthcreatorsgroup.com can show you the path to success in the new economy. Are
you ready to embrace the new economy or do you need to embrace the new economy? Those
who venture into the new economy will be the successes we read about in our computer news
updates. Those who struggle against the change will be left with what remains after the leaders
take what the new economy offers the leaders their reward.
David Doerr has a B.A. in economics and was an economic and financial consultant for 22 years.
After discovering that life is full of unexpected events he has answered the call of the new
economy and invites you to do the same.
Article Source:
http://EzineArticles.com/?expert=David_Doerr
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The New Economy is thriving - don't get left behind. Visit
http://www.skyvaultpublishing.com/LDDNet/neweconomy.html
==== ====