Navigating Life’s Issues

While many groups in society, seek to understand, study to fix and aim to win, life’s issues, people must traverse and prevail. Grouped by age; under or over 40 years old, education; below or above tertiary level, income; under or over average for this geography and wealth; below or above middle class. We ask a group of Entrepreneurs (Risk-Takers) and a group of career workers. How do you manage life’s issues? In the hope that answers, would develop positive and progressive strategies, which can be immediately implemented and grow the economy.

Winning Life’s Issues

Creating a class of persons within the population, to professionally educate, encourage, develop and guide our registered stakeholders and their ideas into viable economic sectors and sustainable business opportunities. A culture of respect, understanding and appreciation for (Entrepreneurs) Risk-Takers and the benefits they, have and will, add to society through eco-socioeconomic development and in creating jobs, with all the necessary support mechanisms accessible. This effort would require building of wide consensus, lobbying to remove any and all legislative obstacles while, Designing and Promoting Policies and Programs.

Fixing Life’s Issues

Common sense solutions are urgently needed to reduce crime levels, lessen the wealth gap, create employment opportunities and address basic cost of living problems. Fixes; long archived, often revisited, recalculated and, many times over, re-presented, discussed and debated, some solutions were even tried and tested, a few permanently implemented but over time, proved to be inadequate. Change is said to be the only constant in life, but in a strong second place is Ideas, which are on shelves gathering dust. The change that is urgently needed is to dust off such ideas, mix old, invite new, and move quickly, from debated through to tested and onto implementation.

Understanding Life’s Issues

Society’s Problems; crime, the wealth gap, unemployment levels, traffic jams, and much that negatively impacts the majority of the population, are described, in general, as issues which hinder positive social development. Understanding such issues is a first step in working out very crucial and essential solutions. The minority report will always offer blame and fixes, which benefit the few rather than the many. However, most of the people that, face such issues on a daily basis, also have opinions, based on facts, which may work. It is worth listening, compiling, thinking, educating and further discussing, such point of views, towards trying out temporary and implementing permanent fixes and answers.

Workers' Unions

The mission is and has always been to negotiate the best employment terms and conditions for union members. This is mostly done under the Industrial Relations Laws, through the collective bargaining process. Generally, the resulting collective employment contract relates to only one entity, organization, operation, or company, not the entire industry or sector. However, the industry leader's collective agreement, with what should be the industry largest union, would naturally have an effect on other organizations within that sector. It is the monopolistic operation which presents the greatest challenge. Hence, very simplistic solutions, would be to breakup all monopolies and to transition workers into owners.

Personal Financials

Meet Joshua, a single dad with a ten-year-old son, helping to get his son out of bed and prepared for school while, getting himself ready for work as a welder. Joshua clearly understands his commitments and responsibilities, to keep himself and his son healthy, with a safe and secure roof over their heads and with transport options to benefit their lives. Joshua, clearly need some advice as to the hidden cost, which can and would have a devastating effect on his personal financial plan, also known as statement of affairs, and ultimately, eating into his income and reducing his ability to grow his savings and pension.

Foreign Direct Investment 2018

The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues. Growth in advanced economies is expected to moderate slightly to 2.2 percent in 2018, as central banks gradually remove their post-crisis accommodation and the upturn in investment growth stabilizes. Global output is estimated by The International Monetary Fund (IMF) to have grown by 3.7 percent in 2017, which is 0.1 percentage point faster than projected in the fall and ½ percentage point higher than in 2016. The pickup in growth has been broad based, with notable upside surprises in Europe and Asia. Global growth forecasts for 2018 and 2019 have been revised upward by 0.2 percentage point to 3.9 percent.

Public Service vs Political Loyalty

The importance of balance and fairness is the underlying strength of a nation and must be known and respected by every member of that society. Democratically elected political representatives, policy-makers, law-makers, and appointed executives, who oversee implementation, are vital to the process. Noting that, the true work is done by the permanent staff in the public service. Hence, policies and directives, crafted by such politicians, are at the very root of strong enforceable laws. While, the execution, implementation and reporting documentation, is done by permanent staff. Members of society, therefore, must understand the powers that politicians have and do not have, and where control legally exist. For example, it is the security services that maintain order and the judiciary that enforces existing laws, with permanent skilled employees, keeping the peace in the society.

Diversifying the Economy 2018

(An extract from Foreign Direct Investment 2018)

The Executive, the Government, the Nation’s Leadership must be clear as to diversification vs. expansion. Revenue generation, from existing sectors and industries, is often dictated by global market conditions. While expanding such categories, of sectors and industries, via innovation and greater efficiencies, should increase national revenues, remember such is linked to the said market conditions. An investment in new economic categories, never before developed, by or in the nation, must be well researched. In depth research must examine pros and cons to measure the needed output of physical and human resources and time. A side by side comparison, judging feasibilities and returns on investment, of both the existing and other new options, will guide diversification decisions.

Planning for Success

Your idea, to fix, improve or change a Good or a Service, must be sound, tested and proven to be sound. Your idea, to provide such a Product to a particular group and type of consumer, must always prove to be financially viable at its selling price. Your idea, to extract, construct, manufacture, trade, endorse or serve, must benefit all stakeholders. Therefore, your idea, properly researched and developed, feasible in a defined targeted market, priced to compete and to benefit all involved, must be simple and confidentially communicated to investment bankers. So, it is not the funding, it is the professional management that is crucial to the success of your idea.