Unwilling Entrepreneurs

There’s a financial armageddon coming, all the financial ‘experts’ and macroeconomists are predicting it. Most likely this year, or if by some black magic the Globalists, Central Banks and Government Minions can stave it off a bit, we may last till 2025. But it’s coming soon.  

All empires have ended after around 250 years and their fake fiat currencies with them, and the USA’s 250th anniversary is September 2024.  The American ‘Empire’ will fall and its’ western satellite nations will fall with it.

It’s going to hit soon and it’s going to hit hard.  It’s going to hit what anthropologist David Graeber calls ‘Bullshit Jobs’ the hardest of all.  

Defined as admin, marketing or accounting-orientated jobs, largely in the service industries, I checked the numbers and it’s even worse than I thought. According to the Office Of National Statistics (ONS), the closest thing we have to a reliable source, the numbers are startling.

‘The service industries include the retail sector, the financial sector, the public sector, business administration, leisure and cultural activities. The service industries accounted for 81% of total UK economic output (Gross Value Added) and 85% of employment in October–December 2023. Retail and wholesale trade and health and social care are the two sectors which account for the largest proportion of all jobs, at 13% each.’

When people are skint and can’t even buy food and pay the bills,  they don’t shop and when governments are skint, they don’t fund health and social care.

One of my clients is a successful entrepreneur in the leisure and culture industry. He has thousands of great contacts and a successful podcast where he interviews many other entrepreneurs across the sector. He told me everyone is visibly shaken by the amount of bankruptcies, liquidations and businesses simply closing their doors since 2020. How many jobs in that sector have already been lost?

James Sinclair, successful entrepreneur & YouTuber, and owner of the Partyman Group of Companies, has estimated that only about 5000 companies control most of the jobs in the UK right now.  He even estimates that the number is much lower, due to one company owning and controlling many more, citing his own group of companies as an example.

Of course, the owners, MDs or CEOs of the 24,000 companies who employ more than 1000+ people each won’t be much affected personally by a massive downturn.  If the company has a good business model they’ll be bought up by other big boys. However, in the takeover, they will make huge numbers of people redundant.

The businesses that will be most affected by this impending financial storm, will be the SMEs. 153,318 small businesses employ 0-99 people (15.3 million people) and 89,578 employ 100-249 people (16,1 million people). Let’s say the average is 180.

That’s roughly 31 million people or nearly half the population of the UK. 

According to the ONS ‘According to the 2021 Census, 62.9% (37.5 million) of the population of England and Wales was of working age (aged 16 to 64 years)’

(I like the way they count the working-age population as being aged up to 64 years when I won’t get my pension - if at all by then - until I’m 67)

Imagine if just 30% of those companies closed their doors. That’s 9.3 million people suddenly out of a job.  On top of the 1.44 million already unemployed in December 2023 to February 2024.  

That’s 16.5% of the population unemployed compared to the 4.5% predicted for 2025 by the Government.  The worst recent peak was in 2011, with 8.1% unemployed, which is chicken feed compared to the 25% of the workforce unemployed in the Great Depression. 

What would that percentage become if you added in the other half of the population? 

Until the National Service Act 1941 (no 2) made the conscription of women into the workplace legal, they were not counted as part of the official workforce. 

I suspect that the real percentage is very comparable to what may be coming soon for the UK population in 2024/2025. Several of my advisors say we could look at a 50% plus unemployment rate for the UK until people self-organise and start creating jobs for themselves.

They will HAVE to do that, or they won’t be able to feed their families.  The Government won’t be able to support them, it will have no currency (or the currency it does have will not buy real goods, like food).

Now, you could argue that as most of these people were doing ‘bullshit jobs’ as described by anthropologist David Graeber, this will be a blessing in disguise.

‘In his book of the same name, David described the phenomena of ‘bullshit jobs’ which pollute the working lives of so many. David describes the types and characteristics of pointless jobs and why they've become so widespread. He further explores the psychological impact of working a pointless job and suggests a possible solution to eliminate the need for meaningless work.’

The possible solution David suggests is ‘Trade Unions and universal basic income’ but I really don’t see how Trade Unions are going to help - where were they during Covid? Certainly not protecting their members from the jab mandates!

Universal Basic Income is, again, going to be unaffordable for the Government after any financial collapse or it will buy nothing of real value.  Many argue that it saps the soul, not having to work, so that's not a great long term option for humanity either.

I think we are going to be forced to go back to how things used to be.  

Real people producing real stuff and either bartering or being paid real money - gold or silver - for it.  We might even evolve into using something like Bitcoin or a gold-backed crypto coin, depending on whether the internet is still running.

As the Government flail about trying to launch one new currency after another, as in France after the French Revolution when they went through about 17 of them, people are going to step in, as they always do in an emergency, self-organise and set up coping systems. 

That will include, after the first shock has worn off, a method of barter for real goods and services.

We are going to have to go back to making everything we need in the UK ourselves, as cheap imports will cease almost completely as currencies collapse in far-flung lands and mass manufacturing and international shipping dies off.

Growing and producing food, unlocking energy sources again, breeding and caring for the animals needed for food and wool or cotton, weaving cotton or silk, designing and sewing durable clothes, crafting furniture, useful tools, music and entertainment, beautiful art and buildings, clearing up and restoring the countryside.

While the (nearly) certain knowledge of getting paid for every hour that you sit doing the meaningless tasks demanded by your ‘bullshit job’ is a reassuring feeling, surely many people employed in these industries right now hate their jobs? A good percentage must yearn for something to do that gives some personal pride and satisfaction, is creative or at least a bit more meaningful.

How many would choose to change things right now, given half a chance of earning a decent living doing something they love or are really good at? 

Producing or offering something that other people really need?

A decent living that doesn’t involve commuting hours each day, dumping your beloved children with strangers, battling through the zombie hordes to arrive in a bland, soul-less office sending fluorescent light and EMF radiation at you.

The burning question is, do those people in ‘bullshit jobs’ have any skills, knowledge, passions or hobbies that could be turned into a side hustle and eventually a freelance job or even a business?

Because that’s what at least 30% of them - 50% according to one of my business mentors - will be forced to do eventually.

People will be forced to go back to being farmers, craftsmen, tradies, food producers or creators with small cottage industries distributing locally (or work for people who are).

Become mini-entrepreneurs, in other words. 

Because it’s the entrepreneurs that will create the new jobs.

Unfortunately, the word ‘entrepreneur’ really scares people, especially people who were not born with the entrepreneurial gene running through them.

Those who didn’t feel compelled to, as soon as they hit school, to start searching for a way to make money; buying sweets, soft drinks or (later) oversized rizlas wholesale, then selling retail. 

Doing paper rounds, working in the family business, mowing lawns, cleaning and cooking in old folk homes or filling shelves in small shops. Even, nowadays, starting YouTube channels or becoming Instagram influencers, creating t-shirt companies or ‘merch’ stores.

Those who embody the qualities of an entrepreneur, which include but are not limited to (in no particular order)

  • Creative
  • Pro-active
  • Efficient
  • Curious
  • Generous
  • Resilient
  • Innovative
  • Passionate
  • Teachable
  • Easily bored
  • Encouraging
  • Bit of a control freak
  • Great at setting up systems (but not following them)

I do believe that entrepreneurs are born that way, but that’s not to say that everyone else can’t become more entrepreneurial.  

Given the right knowledge and support, I think that anyone can start a small business and either stay small as a freelancer or solopreneur or grow the business big enough to employ others.

Because that’s where the new jobs will come from.  

That’s where meaningful jobs and new local, community-orientated lives will originate.

Not from ‘trade unions and universal basic income’.

*Shudder*

But how will these future freelancers, solopreneurs or business people become more entrepreneurial?  

How will ‘diamonds in the rough’ hone their experience and skills, avoiding the all too common pitfalls even experienced business owners fall into?

There are three effective ways to learn how to be ‘A Better Entrepreneur’.

(That’s the name of my new book, by the way)

  • Read or listen to books written by people who have gone before
  • Find a mentor who has achieved what you want to achieve *cough*
  • Find a mentor who can teach you the skills you need *cough*

And that’s where I come in.

My mission is to share - via my book, blog and podcast, the knowledge I’ve gained over twenty-five years of sometimes painful, often joyful experience, slowly gathering the mental attitude, skills and tools to share with the next generation of entrepreneurs.

Why not get started NOW, without waiting for any financial crash?

Just book into my diary, to get your new enterprise started.



Photo by Ivan Aleksic on Unsplash


Tags

business books, Entrepreneurship, financial armageddon, financial collapse, financial crash, financial crisis, nicola cairncross


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