Creating New Jobs from the Existing Jobs: An Explicit and Practicable Guide Motivating New Entrepreneurs Towards Creating New Jobs

By Amusa Abdulateef

Many companies are downsizing as a result of financial losses due to low patronage. The number of workers being laid off increases daily. Digital technology is replacing people in jobs. People across the globe are looking for jobs, and there is a dire need for the creation of new jobs.

In Creating New Jobs from the Existing Jobs, author Amusa Abdulateef presents an array of researched-based, practical, and inventive ideas for creating new jobs. He first identifies the traits of entrepreneurs and discusses ways to develop and increase ones entrepreneurial skills. Using anecdotes and examples from real-life situations, Abdulateef discusses the ins and outs of creating both new entrepreneurs and new jobs, along with the challenges facing both.

Filled with an array of ideas for starting and maintaining a thriving business, Creating New Jobs from the Existing Jobs, offers both motivation and a host of strategies to help entrepreneurs generate new employment opportunities and create new jobs from existing jobs.

• Language: English
• Publisher: iUniverse
• Release date: May 3, 2013
• ISBN: 9781475985436

Amusa Abdulateef

Amusa Abdulateef earned a business administration degree from the Polytechnic in Ibadan, Nigeria. He is a creative and research writer and is the author of Jobs with Zero-Capital and Wastes to Wealth Jobs.

Book preview

CREATING NEW JOBS

FROM THE EXISTING JOBS

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An Explicit and Practicable Guide Motivating New Entrepreneurs towards Creating New Jobs

AMUSA ABDULATEEF

iUniverse, Inc.

Bloomington

Creating New Jobs from the Existing Jobs

An Explicit and Practicable Guide Motivating New Entrepreneurs towards Creating New Jobs

Copyright © 2013 by Amusa Abdulateef

All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

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Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

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ISBN: 978-1-4759-8542-9 (sc)

ISBN: 978-1-4759-8544-3 (hc)

ISBN: 978-1-4759-8543-6 (e)

Library of Congress Control Number: 2013906569

iUniverse rev. date: 4/29/2013

CONTENTS

Preface

Acknowledgement

Dedication

Chapter One

Chapter Two

Chapter Three

Chapter Four

Chapter Five

References

About The Author

PREFACE

I congratulate you heartily for getting a copy of this work again. It contains explicit answers with practicable motivational guides to all the problems facing existing entrepreneurs, contract staff, unemployed but employable youths and prospective entrepreneurs in an effort to create lucrative new jobs. We also identified different causes of unemployment in the course of our research. These call for the discovery of new jobs that are creatable from the existing ones or businesses. These innovations among other ones include:

– Robots that have taken over jobs in factories thereby rendering human capital needless.

– Answering machines and modern electronic equipment in offices which have sent many secretaries and related professionals out of jobs. New inventions in financial and educational institutions are sending millions into over saturated labour market everyday.

– Observation that in no distant future, many auto-electricians that are not dynamic, versatile and creative would be thrown out of livelihood as a result of belt with electronic chips for future wireless vehicles. Also, many industries are downsizing their labour force at the inception of relevant technological inventions.

– Admittance that digital technology from the improvement in the knowledge of the professionals in Information and Communication Technology is a bane of unemployment. This is taking place when there is economic distress across the nations.

There is hence the dire need for the creation of new viable jobs. Many businesses are closing down as a result of incessant financial losses. Many never learn the selling skills of their businesses, hence running bankrupt. Many imitate a business they never learn the secrets of general administration. They never identified the clients for the products or services to be sold before production. They never understand how to create their own market share from the ever competitive business environment. They hardly ever understand what is entailed in practical terms to be entrepreneurs. Many never know the way out of frequent business challenges and there are. All these failures result in job loss. Undoubtedly, lucrative and secure new jobs must be created to accommodate the employable unemployed threatening the security of the nations. We answer the poser: Who creates jobs? Is it the government, institutions or individuals?

Government creates business-friendly environment for businesses of institutions and private investors to thrive. All inputs of government to enhance investments are part of the content of this book. This, creating new jobs, can only be best done when the entrepreneurial skills in man are discovered and nurtured with all available incentives, by individuals, institutions and governments. Many third world nations are losing their artisans (middle manpower) due to increasing level of abject poverty into unskill jobs (work-and-eat jobs) such as transportation and selling of consumer products in retailing. This would have negative effect on the economic demands in the future. Potential producers are reducing to sellers of foreign products and services therefore turning the nations into consuming nations.

In retrospect, this research-based work is an antidote to the scourge of dying businesses and an eye-opener to the thousands of creatable jobs within and outside the shores. The first section and part of the section two deal with the creators of new jobs from the existing jobs who are creative entrepreneurs. The sections are meant to determine who the creative entrepreneurs should look like. We meant the inevitable traits and qualities of creative entrepreneurs and creatable new jobs from the existing jobs. The entrepreneurs could also be institutions, administrations and organizations, private or public. In the course, the existing but failing business owners, prospective entrepreneurs and those recently relieved of their jobs under the downsizing or rightsizing policy are critically looked into.

Candidly speaking, the firms are cutting costs to maximize their profits or stay afloat without incurring more financial losses that could lead to their liquidation.

Meanwhile, the greater the improvement in technological innovations, the greater the extent of jobs loss! Conversely, the higher the technology, the higher the volume of creatable new jobs with the improved technology! Ultimately, there is the need for the creation of new entrepreneurs from those that are rendered redundant or sacked by machines and technology with the use of the same technology. For customers and products sustainability, most technical firms are in dire need of being creative to produce specifications for target markets within and beyond the shores. This includes re-producing or re-branding the same product with the improvement on technology. Such firms could improve on the product with the introduction of slightly different facilities for different categories of users depending on the per capita income of the target segmented consumers. Firms must be customers-and business-environment-friendly. They must have versatile, dynamic and highly creative personnel in the Graphics, Research and Development and other industrious departments. All departments must work in synergy towards creating new things in anticipation for years ahead instead of producing refurbished products for the market, new or old. Refurbished products with different warranties might have negative impact on the real and new product or service from the same firm. This tells on the goodwill of such firm negatively. There is also the need for the nations to create self-employed people in a very large percentage. It can be done from creating fresh wine from the old wine. We mean creating new lucrative jobs from those already in existence here (within) or there (outside the shores). Available facilities in a business environment would determine the volume of jobs that are creatable from the existing job. (Details in the book: Business Environment by the same author)

In short, there is the need for the creation of new jobs from the existing jobs to mop up the millions of the unemployed roaming the streets. The unemployed or those that lost their jobs through the advancement of technology especially since the advent of computer and internet have opportunities to start their own jobs with the same inventions that earlier cost them the jobs. The sections three and four of this book contains several new jobs in volume for existing and prospective entrepreneurs to venture their resources on.

The high rate of underemployment is another cause for the need to create new jobs from the existing jobs. It is confirmed that the underemployment rate is growing in advanced economies such as the United Kingdom and United States not to talk of many underdeveloped economies across the world. Euro crisis and currency crises are crippling economies in the continents leading to the drought of jobs and underemployment. There are situations where people left a highly paid job for the low paid jobs simply because of lack of welfare package that could ensure jobs satisfaction. When the latter are not in existence, they prefer to stay idle; manage just any available job to keep body and soul together or at worst remain jobless.

Many nations also suffer under weak currencies that could not make the citizens having financial capability to foot their domestic bills. Services and goods flood the markets with no regular and effective buyers. Industries that fail to translate their commodities into cash are in imminent danger of business collapse and would thus result into jobs loss. Contract staff workers are under-utilized. Sometimes, they are over-utilised and most often underpaid aside many social benefits they never benefit from like the real staff. They are part of the victims of underemployment. Therefore, underemployment becomes rampant. Many lose their jobs with or without severance pay. Real and secure jobs become hard to find even if found, the monthly pay never commensurate with the inflation rate. Those who have cash as entitlements need lucrative business ideas to invest their gratuities in. They need creators of business ideas they can buy into. Some need jobs valuers and business counsellors, just as the need for career counsellors for pupils, to start up. Some need specialized jobs consultants that can put them through and stay with them running the business ideas from the zero to hero height as idea generators, supervisors, managers and external directors of affairs. The consultants invent and build the business plan for them from scratch, the work plan, the product or service concept, design the the marketing strategy, locate the sources of the inputs or factors, create the market share, the target clients, develop business-customer relation skills among other relevant arts of entrepreneur from the outset to the peak. (Solution to weak currency, weak demand, political, technological and other socio-economic crises are in a separate book titled: "Mathematics, the anti-lock to all crises")

Meanwhile, the ex-contract staff workers have a great advantage to become entrepreneurs than those idle in the streets still lacking working experience. They are freelancers who have no fear for lapses in pension administration facing the permanent staff. They have time resources in addition to the skills to establish and effectively run chains of businesses. Having passed through learning process that has added economic and social value to their working experience, they are in the best position to initiate new businesses and hence create new jobs. The undergone entrepreneurial development courses and their practicals in the course would be beneficial to the national development through jobs creation. They have assess to social resources and other relevant resources to kickstart and run their new businesses. Those who desire it could create franchise jobs with their present and/or former employers to start-up theirs. As fresh business creators, they need self-confidence, self-motivation and capital to start up theirs. They also need favourable business environment to operate and they become employers of labour. Conversely, any business environment where some businesses survive is good for other new businesses therefore, no fear should be entertained. They should learn how to adapt to the said environment.

The ex-staffs of companies that are in search of lucrative jobs especially those who were the victims of workforce downsizing or rightsizing and who were not so lucky to earn Severance pay need jobs, they can start with zero-capital or zero-equity jobs. These need practicable and explicit guide book. This is aptly answered by some of the solutions for problems in this book. Rest your mind if you are in that category of the unemployed. Again, this is the book that would satisfy your yearnings. You need to work with time and be optimistic. This work would surely turn a pessimist into an optimist and a loser to a gainer. A potential entrepreneur would break out of his shell creating direct and indirect jobs. This simply means that the former employees of certain companies would also become employers of labour. The rejected stone would be the cornerstone of the house as a scripture reveals. Those searching for lucrative white collar jobs would become their own bosses after reading through.

The dearth of capital has been solved in our previous works on jobs creation-Jobs with zero-capital (Vol.one and Two). There are additional steps as part of the gains in this book. Numerous practicable exercises at the end of each section are aimed at improving the understanding of methods to create new other jobs aside those ones in the book.

THE FACT SHEET

Different entrepreneurs-to-be must have specialized knowledge of their chosen businesses. Everything around us is a product of an art and every art is dynamic in nature. Every activity is an art. An art can be defined as a design or master plan on how a thing is done and looked like. Art contains the picture as desired, how to attain the desire or the processes involved and the gains or benefits thereof. Business administration is an art. Living is an art. Politics, science and every specialization are arts. Physical and virtual structures are forms of arts. Creating new jobs from the existing jobs requires being sound in entrepreneurial art. We all learn different relevant arts, directly or indirectly.

Entrepreneurship is therefore an art which encompasses many dynamic arts. Therefore, entrepreneur, as an art, must learn different arts to run the business intended. Some involve learning technological arts. Some are developing interest in vocational arts. Some are social or cultural arts. Some are mental activities or arts. In short, the arts are skills that the entrepreneurs must develop to the peak. Some of these are production art, aesthetic or packaging art, selling and distribution arts, administrative and business sustaining arts, promotional art, market share creation art among others.

By so doing, they become masters of their trades. Many of those prospective entrepreneurs that by-passed the business consultants that could teach them the arts would still need them even after profit-making. The arts or skills of the relevant consultants on managerial and technical services remain inevitable for any business going-concern. These specialized jobs consultants are what we referred to as the ‘real -entrepreneurs’, trail blazers or the ‘pathfinders’. The consultants are former workers of repute who had worked under different working conditions and employers. They have learnt the arts in practical terms. These professionals might have discovered and developed business blueprints or proposals for those that have also garnered knowledge and acquired entrepreneurial skills with professional experience from their last places of employment. We mean, the former contract staff workers!

In retrospect, with the arts of entrepreneur either developed or innate, it is easy to create several jobs from the ones in existence as contained in the book. On the part of the government, in the name of economic empowerment of people, governments indirectly increase the poverty level of their own people. They are either into skills and capacity acquisition or distributing equipment for people to become self-reliance. To a lay man, this attitude is a solution. To a socio-economic thinker, it has increased the number of those doing the same job in the nation, created glut and hence reduced the disposable income. A nation whose nationals face low purchasing power would surely live in abject poverty. Let us use a simple analogy. If the number of those in transport was 2000 and government empowered another 500 with auto-mobiles, the number had been increased by 25% and the same money in the sector will be shared by all of them. The daily income of the drivers had been drastically decreased by 25%. Before the empowerment, those in the sector were living in poverty as the take-home was never enough to meet their domestic expenses. What happens after the increase in the number of drivers on the roads? Traffic snarl, man-hour lost, road destructions from congestion, reduction in both the number of artisans and the incomes of the drivers. Abject poverty is on the increase in the land. What then should they do as a responsible government? This is very simple. Creative administrator could create numerous jobs from construction and maintenance of social infrastructures with Public Private Partnership (PPP). This could be started from identifing the needs of the nationals and foreigners and then prioritise them. They then need to create enabling business environment for private investments to thrive. Private investments are the backbone of any national socio-economic growth and development. Let there be security-social, financial, economic and related securities for all investors, local and foreign. Let there be working and adequate social infrastructure at cheap cost for all investors-existing and prospective, local and foreign. This will suffice to create new jobs from the existing jobs without duplication of jobs in the name of economic empowerment. This is just the tip of the iceberg for the administrators. The major content as practicable solutions is adequately treated in the book.

OUR FOCUS

This book targets these:

a) The employable but unemployed youths intending to become self-reliance

b) The workers that have just lost their jobs to economic policies

c) The jobs creation agencies, private or public

d) The investors who are intending to expand their business scope or diversify

e) The existing business owners who are searching for a way out of financial distress.

The focus also opens the eyes of the readers to:

a) Numerous jobs that are new and unique for prospective entrepreneurs with motivational stories to spice them up and make the jobs creatable in each section

b) Creation of new jobs and businesses from those listed including identification of needs at pre-production, production and post-production stages

c) The exercises after each chapter for readers to get the work of research gets assimilated and practicable

d) Foreseeable challenges for the prospective businesses and the creators

e) What really makes an entrepreneur dynamic, productive and goal-centred

f) The solutions for the problems at the teething stage of the commencement of the new distinguished businesses by the new entrepreneurs.

g) Details about what entrepreneurship is entailed in

REFRESHING FACTS

This reminds me of an ambitious youth, Dele (not his real name), in my neighbourhood who applied for a courier service job in a multi-national company about four years ago. He could not get any call until now (four years later). He learnt laundry service in order not to stay idle. He engaged in the service before he could secure the courier service job later. Imagine if he had joined the bandwagon of deviants that are fraudsters, armed robbers or drug pushers, what would have become of him today? Someone told me I, particularly, am not afraid of establishing or getting job. The problem is in two-fold based on the business environment I find myself. The problems are how to create market share and how secure and reliable such job would be

Many employers owe their employees some months of salaries as a result of poor sales hence dwindling income. The employees end up redundant or get sacked. Those that are lucky end up becoming contract staffs that have no welfare package after serving for many years to the companies. Some voluntarily abandon heavily paying jobs, as a result of dearth of jobs satisfaction and hopelessness, for low paid jobs. The job insecurity and dissatisfaction tempt many employees into embezzlement, frauds, and all the vicious acts. The production quality and output slow down since they lack motivation in the name of having secure jobs. There is then the need to create as many new self-employed (entrepreneurs) as possible. This is a major purpose of this research-based work-"creating creative entrepreneurs"!

Meanwhile, the creative entrepreneurs should think about the going-concern of their businesses and the situations in the business environment. By this, I mean, the like-minds among the individual entrepreneurs, must merge, put heads together and pull enough resources to produce world acceptable product(s) and/or service(s). This effort would create new jobs for the idlers in the nation.

Again, this book is an eye opener to the prospective entrepreneurs in particular on how to discover and develop new jobs and other business opportunities from those products or services in existence at all nations. This is done from discovery the needs of people and institutions. It would be more effective especially in the advanced nations that have effective and efficient social infrastructure whose administrations also have deep concern for business growth and development. It is so important these days to scout for new jobs in a period when most companies are downsizing the workforce in a way to cut costs. Those who lost their jobs must find something new or better to do hence they do not become tools or workshops for the devil. They have the invaluable professional experience from their various previous engagements. It is high time they taught the complementary art and shared the accolades of becoming self-reliance as new entrepreneurs. They possess the potentials with the skills already acquired and their exposures garnered for years on their last jobs. They have the potentials to become creators of jobs themselves where they become the ‘coach-player’ of the new found interests (businesses). That has created a soft landing for them all. They have an external challenge in the already understood competitive market and the unpredictable, dynamic and complex business environment. They could produce new products and services even with nest-eggs and conversion valuable idle materials for economic use and those of Other People-Other People’s Money, Machinery, Market, Method…(OPMs) (Read details in Jobs with zero-capital Vol. Two). It should be recalled that some of them (contract staffs) were disengaged from vital sections in the course of downsizing as they were said to be surplus to requirements of their former employers. Becoming an entrepreneur needs the learning of relevant arts and then the acts (practice). The former (learning) is theoretical and the latter (acting) is practical. The arts of entrepreneur include the art of saving and cost-saving (prudency). We can only do that effectively when there is a book of research on jobs creation serving as an eye opener.

This is the book: the product of the research. Capital is not and would never be the problem. You need little from the pay-off or none at all but ideas of starting and selling. You can start your own business interest with zero-capital just like many international business gurus learnt in the two volume-book-Jobs with zero-capital! The most important is learning the art of being an entrepreneur. This is nothing more than learning the secrets of the particular business idea about to engage on. Every surviving and viable business has a secret. Learn yours! Let us critically examine a few samples.

Writing is an art, a skill, a talent and a natural endowment but a good writer that dreams to become a best seller must create time to learn the secrets of writing a best selling book. What do you write on? Who do you write for? How do you create something unique to outwit similar publication on similar theme in the ever competitive market? How do you present your words, phrases and sentences? How do you introduce vocabularies and idioms? The patronisers in mind as target readers (buyers) determine the kinds of language to be employed:

A thespian must learn about the secrets of acting with body languages, speaking eloquently on scripted roles with charisma and could be fluency in major languages. What do you utter? How should it be uttered? When or at what occasion? The economists, accountants, administrators and politicians should speak less. Their performance on the jobs should speak volume about them. Action, they say, speaks louder than words. The fish in the ocean is caught as it cannot close its mouth, the Chinese axiom rightly says. Learn to be aware of the secrets of your chosen specialization to triumph! Just as man has traits; business environments have traits likewise each business has its own traits (characteristics). This would help you knowing the secrets of the business viability.

Talents are identified from the hobbies of the doers. The most often done among the hobbies led the doer to be more skillful and creative. In the wake of being creative, inspiration increases and the hobby is developed with ease into viable profession. This is how talent is identified, nurtured and transformed into a business. Enumerate your hobbies; prioritise the hobbies according to the choice. Pick the topmost, cudgels your brains over it. By so doing, skills are developed and your hidden talent comes to bare. This is a good path to become an entrepreneur (a self-employed)!

This test, to identify one’s hobby, can be done in the places of work too. In your department, what role do you play often? Do you have special interest in it? Can you develop skills easily from it? That is likely to be your hobby that can be turned into a good business. One of those is selling skill.

Selling your own product/service or others’ is a skill; it could be a hobby, an interest or