
I found this story about a man who got tired of the corporate world and decided to go into business for himself, enlightening from the point of view of what industry we choose to enter into as managers.
The story itself is entertaining, in that his chosen business was a cricket farm. What I want to mention is why that is a great decision.
Think for a moment on your future in business leadership or management.
If you're interested in a long-term, career which won't be unexpectedly disrupted by outsourcing or increased competition, we need to think in terms of businesses that are difficult to compete with on a local or regional level; something that takes skill, but where the nature of the business demands local resources or workers.
That's the strength of a business like this cricket farm. No matter what part of the world you live in, it would be very difficult for the global economy to disrupt this business - especially if its live crickets you want.
I'm going to get into a series on this subject soon on managersrealm, but just think in terms of the global economy. No matter where you live in the world, there is something you can do to combat worldwide competition, and from there narrow down some of the specifics of businesses that would be extremely difficult to be outsourced or imported against.
The other key of course is to understand the demand for the product or industry you'll be serving in. Live crickets aren't always easy to transport over long distances, and they can disappear quickly when selling them in pet shops. That means the closer to the source a supplier is, the better for the seller. That is a huge competitive edge.
Anyway, from a management viewpoint, this is a great business or place to do business in. The idea here is to consider fields like this where the odds of you losing your job to global competition is very small. It's there that long-term prospects need to be considered.
Just ask yourself the question: "What is a business I can enter that must be performed locally or regionally?" The answer should give you some great ideas on what can give you long-term stability in your management career.
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