Employment

Very few people ever got rich by working for someone else. Leaving aside pop musicians, sportsmen and similarly gifted people, the only way to acquire wealth by work is to build a business of your own. The type of business you decide upon will depend on: a) how much money you have available as start-up capital and working capital; b) your business idea; and c) your confidence level.

There are three types of business: 1) the traditional one in which you are reliant solely on your own efforts; 2) a franchise where you follow a proven idea and receive considerable training and back-up from the franchise company; and 3) network marketing.

Each business type has its pros and cons.

The traditional business requires considerable financial input, either from your own resources or part-funded by your bank. You may need to rent premises; buy equipment; hire staff; pay for advertising, brochures, stationery, and stock. A frighteningly high percentage of this type of business fails in the first year. To succeed you need: a good idea, considerable financial backing, good health, an understanding spouse, and stamina. If you do succeed you will own the business outright and benefit from all the profits.
Franchises have a high success rate. Banks like them because each franchise operation has a proven track record and thus the banks can accurately judge the risk, consequently they will lend money for this sort of start-up. However, all the support and training comes at a price: the initial entrance fee is likely to be very high, and a percentage of the business’s turnover has to be paid to the franchise company.
Network marketing, also known as multi-level marketing, has many advantages and few disadvantages. The entrance fee is low and the ongoing expenses are even lower. A network marketing business can be started in your spare time – in fact that is the best way to approach it. Start small, and keep at it. The secret is perseverance, get past the first year and you should find the business has a sound foundation from which you can build a serious income. It is said that 95% of those who survive ten years in network marketing become wealthy beyond their wildest expectations.

So which type of business is for you? If you wish to provide a service or product where you have previous experience from, say, a former employment, the traditional business will be probably be the best choice. However, if you are just tired of working for someone else and making them rich and wish to strike out on your own, then a franchise or network marketing must be the preferred option.

The choice then is determined chiefly by the funds you have access to, and the time and effort you wish to put into your enterprise. A franchise will require substantial funds and 100% commitment. You are jumping in at the deep end, although the franchise company will provide training and support to help you to swim.
On the other hand you can ease yourself gently into network marketing by starting part-time while you continue with your current employment, building your business by ploughing back profits if necessary. Persevere and there will come a time when the income from your own business will be sufficient to support you financially. You will then be able to leave your employment and concentrate on your business, spending more time on it or enjoying considerable free time with your family.

The realm of human welfare or social work has some particular specialties that include primarily children, family, education, public health, physical and psychological well-being and drug addiction. It has been seen that the scale of job prospects related to social welfare has only increased over the past years, this has even been validated by the Bureau of Labor Statistics that a social worker had around 642,000 jobs in hand back in 2008. The graph has certainly aggravated presently.

Since majority of individuals working in the circle of social betterment has some concerns regarding the industry they wish to be associated with, it has even been evaluated that around 54% of individuals were then working in the health and human welfare industries while the remaining 31% worked in government sponsored agencies at various levels. With this entire report of job opportunities available for people working in the social development continuum, it explicitly indicates that job prospects are at no dearth, when it comes to looking for a stable and financially secure professional career.

The nature of a profession such as social welfare services is such that employees are assigned to work in cities as well as suburbs. It is expected for a social welfare employee to find a job in rural vicinities, as the space to exhibit their professional concerns and skills is more extensive as compared to an urban area, which is already quite developed. This indicates that social welfare is a profession, which comes with a lot of responsibilities and challenges.

Earlier, it was believed that not all specialist areas of social betterment thrived in terms of job opportunities, and not all offered the same amount of professional working security. However, today, all areas of social work are increasing job opportunities, particularly by the private social welfare organizations. In fact, the increase of employment in this industry has been around 22% which is promising. This is likely to increase with the time owing to the aging child boomer populace which will, over the span of time, demand better health and social services.

Apart from the physical stability, mental & psychological stability and drug addiction are areas which are rapidly augmenting with job prospects. An increase of 20% has also been predicted by specialists as there is going to be a strong demand of services to counter such deteriorating circumstances.

Last but not the least, children and family along with education are areas that are actually excelling areas in the field of human welfare and betterment. In order to bring about a change, an anchor lies in the hand of social services, augmenting the protection for children and their families while at the same time, emphasizing on the local prevalence of education is what is going to instigate a progressive developmental scale in the society. Some of the specialized areas elaborated on indicate the fields that can be explored by social welfare employees to bring a progressive change in the society.