Example 1: I have a friend that owns her own health insurance agency. Now I would think that this is pretty solid. People are always going to want/need health insurance. And who would've ever known 10 or 15 years ago that we would have something called Obama care? I asked her if she was fearful of this so-called Obama care? She stated that she needs to diversify and get ready for something else to do. Now wait a minute she might lose her business, she didn't do anything morally, ethically, legally wrong. And for years her business rolls along perfectly and then sort of out of the blue it's taken away by something she cannot control?
Example 2: Myself. I could give you about 10 examples of myself but I'll give you just two. As you know I've worked with universities around the country in the seatback business. I remember flying out to Palo Alto, California to sign up the Stanford Stadium. I was really excited. So I ran that stadium for two years when they decided to tear down their stadium and build a new one with seat backs in it permanently. Well just like that my business was eliminated. Out of the blue it was taken away by something I cannot control.
Example 3: I have another friend who contracts with Prepaid Legal Services to train their new associates. Let me underscore this by saying this has not happened. But it could happen any day. So my friend is rocking along 10 or 15 years, only to wake up one day to a press release that states Prepaid Legal Services has been acquired by Citibank and they will no longer need his services? So for years his business rolls along perfectly and then sort of out of the blue it's taken away by something he cannot control.
So is there really such a thing as owning your own business? It also leads back to that control word. It would seem that you would need to have a business that you fully controlled. But is there such a thing? Okay, I would love to get any comments that any of you might have.