The sheer numbers of people who are out of work world wide has reached unprecedented levels. In Latin America and the Caribbean the unemployment rate is estimated to have risen from 7 per cent in 2008 to 8.2 per cent in 2009 /3, amounting to 4 million additional jobless in 2009. Even in Jacksonville, individuals in many states are challenged by the economy and experiencing difficulty locating good work opportunities. This trend isn’t limited to entry level positions – people at all levels are being impacted.

Senior level professionals are dealing with an interesting challenge. After years of loyal service and climbing the company ladder, they are being let go and having to start all over again. To complicate matters, many are finding that corporations are promoting younger executives to lower paying middle management jobs and assigning the similar responsibilities that a VP used to take care of. Many people in this situation are forced into three choices – get a low paying job to make do, stop working or start their own small business.

One good thing is that launching your own private enterprise happens to be an exceptional way to create wealth. And now a days it is much easier and less costly than ever before to get into business. As smaller, lighter and faster systems, elements and development strategies emerge, the price of starting and operating a small company will continue to decline. However, if you decide to go it alone you will most likely turn out to be a statistic – one of the 5 out of 10 non-franchised startups fail within the first five years due to lack of capitalization. One company, PBA has created a service to match senior level executives with the right entrepreneurial venture.

Personal Business Advisors Complaints

Any company trying to make a difference and empower individuals to generate income by themselves, whether through partnerships, franchises or micro businesses, is likely to be criticized. But if one or two people have a negative experience, it doesn’t make something a scam or bad service. One must think about the fact that a majority of entrepreneurs establishing their own business will likely experience problems – and most likely a great deal of them. The whole purpose of having an experienced adviser helping you is to minimise the normal difficulties of owning an enterprise. Still, sometimes ventures don’t succeed, in spite of our best efforts and even with solid expertise.