First… yesterday’s message was a micro business idea about good health shoes. I linked that article to the shoe website but got the link wrong. This was my fault for working too late and not doing the full job!
Here is the correct link to Walk the Walk Shoes.
Next. Before we look at the over the moon micro business idea let’s remember a problem about this era’s change… that opportunity for most in big business is dead.
An excerpt from the New York Times article “American Dream Is Elusive for New Generation” by Louis Uchitelle reminds us of this fact when it says:
GRAFTON, Mass. — After breakfast, his parents left for their jobs, and Scott Nicholson, alone in the house in this comfortable suburb west of Boston, went to his laptop in the living room. He had placed it on a small table that his mother had used for a vase of flowers until her unemployed son found himself reluctantly stuck at home.
The daily routine seldom varied. Mr. Nicholson, 24, a graduate of Colgate University, winner of a dean’s award for academic excellence, spent his mornings searching corporate Web sites for suitable job openings. When he found one, he mailed off a résumé and cover letter — four or five a week, week after week.
Over the last five months, only one job materialized. After several interviews, the Hanover Insurance Group in nearby Worcester offered to hire him as an associate claims adjuster, at $40,000 a year. But even before the formal offer, Mr. Nicholson had decided not to take the job. Rather than waste early years in dead-end work, he reasoned, he would hold out for a corporate position that would draw on his college training and put him, as he sees it, on the bottom rungs of a career ladder.
“The conversation I’m going to have with my parents now that I’ve turned down this job is more of a concern to me than turning down the job,” he said.
He was braced for the conversation with his father in particular. While Scott Nicholson viewed the Hanover job as likely to stunt his career, David Nicholson, 57, accustomed to better times and easier mobility, viewed it as an opportunity. Once in the door, the father has insisted to his son, opportunities will present themselves — as they did in the father’s rise over 35 years to general manager of a manufacturing company.
“You maneuvered and you did not worry what the maneuvering would lead to,” the father said. “You knew it would lead to something good.”
Complicating the generational divide, Scott’s grandfather, William S. Nicholson, a World War II veteran and a retired stock broker, has watched what he described as America’s once mighty economic engine losing its pre-eminence in a global economy. The grandfather has encouraged his unemployed grandson to go abroad — to “Go West,” so to speak.
“I view what is happening to Scott with dismay,” said the grandfather, who has concluded, in part from reading The Economist, that Europe has surpassed America in offering opportunity for an ambitious young man. “We hate to think that Scott will have to leave,” the grandfather said, “but he will.”
The grandfather’s injunction startled the grandson. But as the weeks pass, Scott Nicholson, handsome as a Marine officer in a recruiting poster, has gradually realized that his career will not roll out in the Greater Boston area — or anywhere in America — with the easy inevitability that his father and grandfather recall, and that Scott thought would be his lot, too, when he finished college in 2008.
In this era, cradle to grave corporate opportunity has been dramatically diminished and all types of corporate career employment severely reduced. Technology reduces the need for a lot of middle management and technology has also created a global economy that makes other nations more competitive.
Examples of this fact we see here in North Carolina include Thomasville the furniture manufacture and Cannon Mills the largest maker of towels in the USA. Faced with rising labor costs Thomasville moved most of its operation to China. Many US jobs were lost.
Cannon stuck to their cradle to the grave with the US approach and went bust.
The end result? In both examples US jobs were lost.
When we embrace change, the technology that has destroyed the old era can make our lives even better because this technology enhances profits in micro businesses.
Micro businesses can be better than a job! With a micro you are the boss and can choose how to have self fulfillment… and your business can be fun and can be unusual… funky… even off the wall.
This is why we created our Hall of Funky Micro Business ideas.
Here is a new funky business idea we can add to the hall.
Create a funky tour business.
How odd can your tours be?
Very odd indeed… such as shown by this excerpt from a June 25, 2010 article in National Geographic entitled Mooning Over Solar Eclipses.
Photo (Composed of 55 Calibrated Images): Miloslav Druckmuller, Peter Aniol, Vojtech Rusin.
As day plunges into night, the faithful gaze skyward, murmuring in awe. They wear Mylar glasses, hoist cameras, join hands. They are “eclipse chasers,” and their numbers have been growing since the 1970s. Total solar eclipses occur every 18 months or so and are visible for just a few minutes from any one spot. As knowledge about them has trumped superstition, legions of fans have been flocking to the narrow strips on Earth where the moon can best be seen obscuring the sun.
This year Melita Thorpe, owner of an astronomy-themed travel agency, saw a hundred slots fill up by spring for a $6,000 July freighter trip to the South Pacific; dozens more devotees signed up for a sunset viewing of the same eclipse in Patagonia. Her biggest crowd in the agency’s 26 years: the 700 people she ferried to view a 1991 eclipse off the coast of Mazatlán, Mexico.
I have used this as an example only to show how esoteric one’s micro business ideas can be. We do not encourage looking at eclipses. In Ecuador’s shamanic wisdom (and in India’s as well) being in an eclipse is really bad for one’s energy.
If paying $6,000 to look at the moon is not odd enough, how about paying $200,000 to fly over the moon?
In April of 2001, Dennis Tito became the first traveler to pay for a trip to space with money out of his own pocket. He decided to do it and then just did it. That’s what tourism is all about. Since then four other “personal spaceflight participants” have traveled to the ISS. The trips were arranged by the company Space Adventures which has also set up the trip for Richard Garriott in the fall of 2008.
In October of 2004, Burt Rutan’s SpaceShipOne won the X PRIZE and thereby started a new race to develop the first vehicle that will provide suboribtal space rides to paying customers. Suborbital generally refers to an up-and-down ( i.e. mostly vertical) flight that reaches an altitude of around 100km or more but does not go into orbit around the earth.
Market studies by NASA and many other organizations have shown that there are sizable markets for space tourism, both suborbital and orbital, and that the markets will grow rapidly as the cost of sending a person into space drops from current levels.
Adventure tourism, such as trips to Antarctica or Mount Everest, has long been a profitable business. This can involve packages with prices as high as $100k range and even higher. (my bold)
What can be funkier than that… $100,000 to nearly reach space on a mountain top… or $200,000 to get in a space ship and do it.
Embrace change. If you have a micro business idea… no matter how odd… you may be able to gain fun… fulfillment and financial security creating your own micro tour business.
How We Can Serve You
2015 ScheduleSchedule 2015 Seminars and Courses
Delegates enjoy taking breaks at our winter courses in Mount Dora.
We conduct our summer camps at Jefferson Landing in West Jefferson North Carolina.
Join us in balmy Central Florida in the winter and the Cool Blue Ridge in summer.
Join Merri and me for all the courses and seminars that we’ll conduct to help you gain positive solutions to your economic, financial and lifestyle concerns.
Here are the courses we currently have scheduled in 2015. Course in bold conducted by Gary & Merri Scott
Oct. 10-11, 2015, West Jefferson, North Carolina. Multi Currency, Protect Against a Weak Dollar Investing Seminar. (Normally $799 or $999 for a couple)
The Best Multi Currency International Investing Seminar in 32 YearsCash in on the best opportunity in 32 years. Currency diversification has always been important for safety, but right now a multi currency opportunity is brewing and has more profit potential then you have seen in over three decades.
Our “International Investing Seminars” started 32 years ago at about the best time for investors ever. Over these decades our semi annual seminars have updated what’s going on in global investment markets and what to do. In all those years, few times offered as much long term opportunity as in 1982.
Join us to learn the great opportunities that are just ahead.
Mount Dora Florida. Multi Currency, Protect Against a Weak Dollar Investing Seminar. (Normally $799 or $999 for a couple)
Sept 4-5-6, 2015, West Jefferson, North Carolina. Multi Currency, Protect Against a Weak Dollar Investing Seminar. (Normally $799 or $999 for a couple)
Our summer and autumn courses are at the Jefferson Landing Country Club.
Finally, conditions have come full circle and the several conditions are coming together just as we saw at our first seminars in the 1980s. The US dollar. the US stock market and the price of oil are acting almost exactly as they did in the early 1980s. Knowing the conditions and why they have merged and what to do about them can help you create a fortune.
One way to tap this potential (we’ll review this at the seminar) is to invest in a Good Value Country Strategy with ETFs (Country Index Exchange Traded Funds). For example there are currently ten good value developed markets, Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom. You can easily create a diversified portfolio in each or all of these ten countries with Country Index ETFs.
We review more than two dozen Country Index ETFs at the seminars. One example is the iShares Germany MSCI Index ETF.
Click on image to enlarge.
Germany’s stock market is a good value market. Germany has the world’s fourth largest economy. The country is the third largest exporter in the world and in 2013 recorded the highest trade surplus in the world making it the biggest capital exporter globally. Yet German shares have been overlooked. German share prices are cheap.
The problem most investors have is knowing which German shares to buy. The country Index ETF solves this by investing in almost all the shares traded on Germany’s largest stock exchange in Frankfurt. The iShares Germany MSCI Index ETF is a share traded on the New York Stock Exchange that invests in 85% of the shares in Germany. This ETF is a passive fund that does not try to outperform the growth of the German Stock Market. The managers simply track the investment results of the MSCI Germany Index.
The MSCI Germany Index is designed to measure the performance of the large and mid cap segments of the German index is composed of the stocks of 54 different German companies and covers about 85% of all the German equities. Germany’s ten largest companies compose about 60% of the index. These ten companies are: BAYER (Health Care) composes 9.91% of the index – SIEMENS (Industrials) 7.89% – DAIMLER (Consumer Discretionary) 7.04% – BASF (Materials) 6.81% – ALLIANZ (Financials) 6.65% – SAP STAMM (Info Tech) 5.69% – DEUTSCHE TELEKOM (Telecom Srvcs) 4.46% – DEUTSCHE BANK NAMEN (Financials) 3.66% – VOLKSWAGEN VORZUG (Consumer Discretionary) 3.18% – BMW STAM (Consumer Discretionary) 3.15%.
The iShares MSCI ETF invests in all the important sectors in the German market, so your one investment in the ETF gives you a spread of good value German shares.
The fund has over 4 billion of assets and those assets are invested mainly in the 54 German shares, so your investment gives you enormous diversification within the German stock market. What makes ETFs such easy and simple investments is that even a small investment of $1000 (at this time) will buy about 25 shares. For just $1,000 the investment is spread into this vast powerful, good value equity market.
At our seminars we review Country Index ETFs for every good value stock market in the world. One benefit of these ETFs is that investors can invest very small amounts so it is possible to invest in all good value countries, even if your portfolio is not large.
You save on tax. Managed funds exert a heftier tax bill on your portfolio than passive products. You save on reduced portfolio turnover. Every time a manager makes a trade, there’s a cost. ETFs invest in the shares that compose the index and do not trade. During 2013 actively managed funds in the US turned over 85% of their holdings. Remember that this activity resulted in poorer average results than the indices for 75% of these funds.
Join me at our 2015 seminars to explain how to use ETFs and much more. The “International Investing Seminar” looks at how to protect purchasing power and pensions with multi currency investing. The course teaches how to add safety and create to profit from multi currency and global equity cycles.
Value Investing Outside the Box. Here is a partial syllabus of the seminar:
* See new breakout possibilities… in global investing.
* Benefits of early investments in an oil that’s up 22.8 times in the past ten years.
* Beyond Gold. Three hard assets that protect against all currency erosion.
* The Small Country Effect. Why small markets rise more than large ones.
* Top Value small markets and how to easily invest small or large amounts.
* The best four currencies for the year ahead.
Few decisions are as important to your wealth as WHICH CURRENCIES to invest in. This has been our area of expertise since the 1970s. Learn how to use ETFs to gain multi currency diversification.
Details in this session also include:
* How to easily buy global currencies, shares and bonds.
* The benefits of investing in real estate in Small Town USA. We will share why the value is special and why we have been recommending good value real estate in this area since 2009.
* What’s up with gold and silver. One session looks at my current position on gold and silver and asset protection. We review the state of the precious metal markets and potential problems ahead for US dollars – how interest rates at zero eliminate opportunity costs of diversification in precious metals and foreign currencies.
* New tax strategies. How to create businesses that earn income and reduce tax.
Gary Scott at a multi currency session
The course begins with a 1000 Year Economic Review that leads us up to where markets are in 2015.
Learn how to:
* Find good investing value.
* Use Multi Currency Portfolios.
* To use multi currency for diversification-speculation & hedge.
* Earn in water and agricultural investing.
* Gain with special situations now for aggressive growth
Join Merri and me for this multi currency economic update seminar.
Gary Scott speaking to 400 delegates in Quito, Ecuador
Sept 4-5-6, 2015, West Jefferson, North Carolina. Multi Currency, Protect Against a Weak Dollar Investing Seminar. (Normally $799 or $999 for a couple)