Click here to view a short video featuring Sara Waskow and Roxanne Rapske discussing Job Security vs. Income Security.
It seems as if living under the disruption of the global pandemic has brought about many new ways of thinking. The phenomenon known as the “Great Resignation” is all too real, simply because people have begun to question everything about their lives. In the quest to achieve happiness, purpose, and meaning in our lives, it’s too important to ignore wanting what’s best for you and your family. One recent article, which appeared in Fast Company, references recent research compiled by a Business professor at Miami University. What he discovered was that it wasn’t that employees were resigning for the sake of resigning. They chose to leave their corporate jobs as part of a reprioritization.
Which leads us to job security vs. income security.
Now more than ever, people are looking into different means to achieve income security. And they’ve become less dependent than ever on job security to get there. One key reason? You have much more control over the issue than if you’re entire livelihood is tied up in a corporate job that may or may not be there tomorrow. Some call it side-hustling. Some prefer to work two jobs. Others have had all they care to stand and finally take matters into their own hands—the entrepreneurial route.
When your income potential, status, and career success are dependent upon forces you cannot control, that’s neither job security nor income security. It’s a complete and total lack of security. Things can, and do, change quite unexpectedly, as millions of Americans found out during the initial economic fallout of the pandemic. What’s been left in its wake—if you’re willing to look—is opportunity.
FranNet of DFW & Oklahoma is noting a greater interest in diversification of income generating activities. Many have begun to take a good look at what hybrid ownership of their own business might look like. Some franchises are well-suited to allow you to keep your day job but manage a manager in a franchise business on the side. For some, this is an excellent solution that allows an employee to have the best of both worlds. For others, it’s a temporary shift to get things up to speed and eventually shed their corporate job for a business that’s all their own.
You’ve heard it said that there are no guarantees in life and that lesson has played itself out in millions of downsized careers all across the U.S. But it seems that now more than ever, more and more employees are taking a stand. They’re looking for a way to create multiple income streams, so they’re not solely dependent on one revenue generator. Shifting your mindset to this way of thinking is a way to hedge your bets against things that happen through no fault of your own.
If you’re interested in expanding your own horizons and exploring additional income streams, perhaps it’s time for us to talk. We can review your personal situation and discuss potential solutions designed to alleviate income insecurity. As part of the largest franchise consultancy in the U.S., FranNet of DFW and Oklahoma can help you investigate and find a franchise that perfectly aligns with your lifestyle and financial goals. And it won’t cost you a dime, as all of our services are no-cost and no-obligation.
Make an appointment, and together we can look into diversifying your revenue generating abilities.