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Entrepreneurs: From Whence They Come

The atrocities in Syria have been dominating news stories as of late. It seems, sometimes, that never again will we have quiet on the Western front — a period of peace to allow our broken economy to heal properly.

[CLICK HERE to read the article, “9 questions about Syria that you were too embarrassed to ask,” at The Washington Post, August 29, 2012.]

Perhaps it’s appropriate to observe some of the more positive outcomes of our nation’s strong human capital resources. For example, when our soldiers returned home from World War II in 1945, the so-called “Silent Generation” quietly set about rebuilding their lives, contributing to the economy and creating the largest baby boom in history. Their efforts played a tremendous part in the boom of the post-war economy, and the private sector grew organically.

[CLICK HERE to read the report, “Economic Recovery: Lessons from the Post-World War II Period,” at Mercatus.org, Sept. 10, 2012.]

One of the things we’ve learned about vets is that they make great workers. And why wouldn’t they? There’s a spirit about entrepreneurship that is inherently…American. Perhaps that’s why so often veterans excel at business — they’re loyal to the principals of democratic capitalism, and understand the value of discipline and hard work.

CLICK HERE to read the article, “Veterans on the front lines of small business,” at CNNmoney.com, Aug. 30, 2013.]

[CLICK HERE to read the article, “Why do military veterans make such great entrepreneurs?” at Inc.com, May 13, 2013.]

[CLICK HERE to read the report, “Helping Veterans Pursue Entrepreneurial Dreams,” at Forbes.com, July 1, 2012.]

It’s interesting that people who become accustomed to taking orders also become accustomed to giving them. Perhaps that comes from being just a little bit behind the curve — oppressed, if you will. We often hear stories of women who emerge from nothing, with everything against them, who succeed in small business.

Perhaps it’s out of necessity — the “failure is not an option” dictum that single parents face. Perhaps it’s sheer determination to succeed when others say it’s impossible. In fact, Sub-Saharan Africa has the highest percentage of women in the world who start businesses — because they need income as opposed to trying to tap a market opportunity.

[CLICK HERE to read the article, “Minority Women Entrepreneurs: Go Getters Without Resources,” at Forbes.com, Aug. 28, 2013.]

[CLICK HERE to read the Global Entrepreneurship Monitor 2012 Women’s Report at Babson College, 2013.]

[CLICK HERE to read the article, “Success is Even Sweeter When You’ve Been Down and Out,” at Inc.com, Sept., 2013.]

Whatever incites that level of determination and perseverance — it’s American alright. Say what you will about this being a nation of brash, arrogant cowboys. Yes we are. We’ve earned that reputation through grit and sweat and soiled hands — both literally and metaphorically.

Much like the veterans who lifted this country out of the Depression Era, we will persevere. Despite terrorist attacks, unscrupulous money managers, and corrupt politicians — we will press on, just as our forefathers did and as we serve as a role model for future generations.

Whether you’re interested in starting a new career because you’ve separated from the military, or because you want to try something new in retirement or because you just plain hate your job, entrepreneurship is the backbone of the American economy. Bring it on.

We’re here to help you provide assistance with developing a retirement income strategy — now and in the future. Bring us in.

These articles are being provided for informational purposes only. While we believe this information to be correct, we do not guarantee the accuracy or completeness of the information included.

By contacting us, you may be offered information regarding the purchase of insurance products.

The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Content is provided for informational purposes only and is not a solicitation to buy or sell the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.

If you are unable to access any of the news articles and sources through the links provided in this text please contact us to request a copy of the desired reference.

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In the Middle

Remember Jan Brady of the Brady Bunch? She always lamented being the “middle child,” because Cindy got attention for being the littlest and “Marsha, Marsha, Marsha” got attention as the oldest. Much like other children “in the middle,” Jan felt she got lost in the shuffle and no one cared about her.

 

And so the lament continues with America’s middle class. According to a Pew Research report, middle-class Americans feel they are “fewer, poorer, [and] gloomier” after a lost decade marked by stagnant incomes, shrinking wealth, and greater financial stress and uncertainty. The middle class can be seen as facing new challenges in the current economy.

[CLICK HERE to read the report, “The Lost Decade of the Middle Class,” at PewResearch.org, August 22, 2012.]

[CLICK HERE to read the article, “The strange death of the British middle class,” at TheSpectator.com, Aug. 24, 2013.]

[CLICK HERE to read the article, “Obama returns focus to America’s struggling middle class,” at PewResearch.org, July 24, 2013.]

 

President Obama proclaims to care about Jan Brady and all of her “in the middle” cohorts. In a recent speech, he declared that prosperity needs to come from the “middle out” rather than the top down. A recent article in the New York Times echoed the administration’s sentiment that a thriving middle class is the path to a stronger economy. In other words, paying attention to Jan Brady may be the key to turning this country’s economic woes into good fortune.

 

To that end, the President has proposed a new higher education plan to make college more affordable for the middle class — and everyone else. The first phase is to create a university rating system that assesses each college’s ability to graduate students and help them get good-paying jobs. The second phase — which is bound to be more controversial — is to financially incentivize colleges with the best track record in these areas.

 

This approach is similar to the one trending in the health care industry: To pay doctors and hospitals based on positive patient outcomes rather than services rendered.

[CLICK HERE to read the article, “President Adopts Catchphrase to Describe Proposed Recipe for Economic Revival,” at The New York Times, July 22, 2013.]

[CLICK HERE to read the article, “Would Obama’s higher-ed plan actually make college a better deal?” at MSNBC.com, August 22, 2013.]

[CLICK HERE to read the research report, “Accountable Design for Accountable Care,” at McGraw-Hill Research Foundation, March 4, 2013.]

 

Education may well be an important part of our future, as many believe that a renaissance in American manufacturing will not yield a huge increase in jobs for middle Americans. That’s because manufacturing these days is so technologically advanced that machines do most of the work. So-called “blue collar” workers must have the education and experience to operate and troubleshoot sophisticated computer-operated machinery.

 

[CLICK HERE to read the article, “In Manufacturing, Blue-Collar Jobs Need White-Collar Training,” at National Journal Magazine, May 29, 2013.]

 

For now, Jan Brady and the rest of the middle class bunch will attempt to adjust to the current circumstances as best as they can. According to the Social Security Administration, the program’s benefits continue to be key to the financial well-being of America’s retirees. So until we all become as well off as the so-called 1 percent, it can be important that we spend each dollar responsibly, understand our financial options, and not mope about wishing we could all be Marsha and Greg.

 

If you could use some assistance developing a financial strategy, we’re here to help.

 

[CLICK HERE to read the article, “Social Security is crucial to the middle class,” at MarketWatch.com, Aug. 22, 2013.]

 

These articles are being provided to for informational purposes only. While we believe this information to be correct. We do not guarantee the accuracy or completeness of the information included.

 

The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Content is provided for informational purposes only and is not a solicitation to buy or sell the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.     

By contacting us, you may be offered insurance products that are available for purchase.

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