| Who Is Mike Farrell? Consultant & 'New Economy' Entrepreneur |
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This post is about making money from unlikely places and despite what you may have heard, television is far from dead.
On any given day, some 2.2 trillion hours of television are being watched across the U.S. according to Nielsen.
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Today is the 4th of July and I want to wish all of my U.S. friends a very Happy Independence Day.
While you are enjoying family, friends, hot dogs or that charbroiled steak along with a great beer and fireworks, it is a good time to think about this being a holiday to 1) celebrate patriotism in America, 2) remember what struggles our Founding Fathers endured to provide us with freedoms that many take for granted, and 3) make an assessment of our own state of independence. A new domain of warfare is emerging.
Battles fought in this domain will not be waged by the world’s armies, navies, or air and space forces. It was an atomic renaissance in the making.
In and outside the nuclear industry, people believed they would see orders for new nuclear plants and technologies. New drilling technology and techniques are enabling previously undevelopable shale gas to come on line and the U.S. has now become the Saudi Arabia of natural gas (natgas).
A common question being asked around the energy patch is “with so much natural gas set to hit the market, where is it all going to go and how can you benefit from this abundance of natural gas?” With strong bipartisan support, the Jumpstart Our Business Startups (JOBS) Act has recently (circa March 2012) passed both the House and Senate to support crowd funding, an on-ramp for Initial Public Offerings (IPOs), and other measures to strengthen America’s economic competiveness over the long term. It is currently awaiting signature by the President of the U.S.A.
Americans have seen the economy turn around under both Democratic John Kennedy and Republican Ronald Regan and they are demanding the same type of policies today. With the JOBS Act and coming elections, a transfer of resources from the political to the private sector is looming. Some find banking somewhat boring as it lacks the exciting potential of a biotech company that is working on a cure for cancer or a semiconductor company pushing the technology envelope.
However, there is a new technology that promises to transform the consumer end of banking in terms of mobile banking and payment systems. Even with sluggish global growth and a double-dip recession forming at home, expanding mobile trends will continue. Even homeless people are walking around with smart phones these days.
Big tech companies that missed the boat see the writing on the wall, too, and are scrambling to secure a position in the mobile computing market. Some are selling off legacy lines of business and changing their focus. Many people feel badly this holiday season about what they can’t do for, or provide to, their families.
The big question is do they feel badly enough, that on December 26th before sunrise, they will be determinedly at work learning a new trade, developing a more valuable and marketable skill, seeking a better job, starting a business on the side, or otherwise striving to be sure that the next time the Santa season rolls around, they are better able to enjoy it and give their family a top experience? America has lagged behind much of the world in terms of digital wallets. Elsewhere, people routinely use phones instead of credit cards. There are several reasons for this.
Partly, it is because North America saw mobile phones so early. When other regions finally rolled out mobile phones, infrastructures were more modern. The larger reason, however, is that there is so much at stake. |
Mike FarrellFormer rocket engineer and management consulant undergoing a "reset" to generate multiple income streams. 
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