Consider this: If half of the small businesses in the USA (a little more than 13 million) employed one unemployed person, the unemployment problem would be solved.
Government, teachers and business analysts suggest that the way to successfully tackle unemployment is to encourage students to stay in school and garner professional skills with the promise of having a better chance of getting a job.
I disagree with this mentality. The only foreseeable result could be higher unemployment rates for skilled laborers and increased education debt for students.
I wonder how academics and others, who say that obtaining a skill is vital to the future of the economy, would fair in the business world, especially in a start-up business that had no money. It would be interesting to see if they could put their theories into practice under such adverse conditions.
My view on unemployment is to put all considerations and emphasis not on education and skills, but on fully supporting and encouraging small businesses.
Small businesses are most likely to employ more people. tTis is the crux of the matter and where government financial support should be given.
In the USA, small businesses, defined as those with fewer than 500 employees, total 27.5 million and employ half of the employees in the private sector. In addition, they pay 4 percent of the total U.S. payroll. Therefore, doesn’t it seem sensible to put more effort and financial incentives into these businesses? Without them, anyone who has skills would not have a job opportunity?
Here Is the Dollar Formula
My suggestion is that government actively supports a program of employment. They should pay every unemployed person who takes up a job the minimum wage. This amount should be subsidized by the employer paying an equal amount. This subsidy should last for 12 months in the hope that the job will be permanent.
To me, this is a pro-active way to reduce unemployment and increase the country’s economy.
Small businesses have considerable growth potential because of the innovative ideas of private entrepreneurs and their desire and motivation to succeed. Privately owned businesses have to be successful because, without success, they cannot feed their families. What better motivation is there than this?
What point is there in advanced, debt-incurring education to obtain degrees and skills if there are no jobs available? It is time to stop putting the cart before the horse.
Mr. Green was born in London to a middle class family. He had two brothers, one older and one younger. His parents were not in business, average parents trying to do their best for their family. From a young age, Mr. Green had an old head on young shoulders; he often said he must have been 40 when he was born. For an unknown reason, he had a thirst and loads of energy to learn, not at school, but about business matters and about how he could make money. He always wanted to know how business worked, how to do everything himself. This, in later years, became of great value. He was able to assess things quickly and with his firsthand knowledge knew what needed to be done in business situations. Because of this, he could spot opportunities quickly and move faster than many others. Mr. Green had business smarts and the ability to make quick decisions. His energy and inquisitive nature made him look at many business opportunities, some of which he tried before he eventually became his own boss. Ideas such as: opening a deli, importing cuff links from the USA, silk ties from Italy, importing Sangria from Spain. His first fulltime business venture was starting a publishing company. From this he went on to start numerous other businesses, such as organizing conventions, printing, advertising, direct mail, public relations, photography, import and export, manufacturing, soccer clubs, website design, creating portal websites, real estate, finance company, business consulting. The recent author of “How to Succeed in Business by Really Trying,” Mr. Green may be contacted at http://www.howtosucceedinbusiness.com/
