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  • Writer's pictureRobert Louis Shepard, PhD

Is Owning Your Own Business in Your Future?

The generations born between the late 1970s and the mid-1990s entered a work world that had changed dramatically from the one their parents entered in the late 1960s and early 1970s. Many factors leading to cutbacks and job loss can be pointed to as playing roles in bringing about the changes in the U.S. work arena.

Some key factors negatively impacting the American labor force might include: (1) Deregulations in the 1980s, (2) North America Free Trade Agreement (NAFTA), (3) North American Agreement on Labor Cooperation (NAALC), (4) More efficient and effective itegration of desktop computers in the work place by Corporate America, just to name a few. Pros and cons exists in all situations. However, the cons associated with the factors mentioned above may not have been examined as closely as needed to make sensible decisions regarding their long-term implications on the labor force.

In the current environment of massive layoffs and job insecurity what's happening at Stanford will soon need to become the norm and not the exception. Creating ones own business can and should be taken seriously in the new world of work. And losing ones job sometimes provides the golden opportunity to make the leap of faith toward self-sufficiency.  Remaining strong, courageous, prayerful, patient, faithful, and out of debt might lead to business creation becoming a reality.

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