kentucky

by: Geoff Ficke

The economy is in the dumps. We all know it. Now let’s put that reality behind us and prepare for the coming inevitable boom that will follow once we digest all of the abuses that the government has dumped on business.

I lecture quite often at colleges and universities. My subject always involves the dynamism of the marketplace and the need for entrepreneurs to continually boost the economy with exciting new products, ideas, services and new, divergent business concepts. This growth is the real generator of wealth, new companies, jobs, tax revenues, and consumer benefits that have made capitalism the greatest source of improved living conditions in history.

I am always excited after meeting a new group of students. They are full of possibility, energy and creative enthusiasm. They are incredibly entrepreneurial. In their drive to gain relevant business experience they are also an amazingly available and inexpensive resource for small businesses, start-up businesses and entrepreneurs to utilize in their enterprises.

I attended college in the 1960’s. In those ancient days we worked mundane part time jobs of all sorts in order to earn money for books, tuition and general living needs. My friends and I never heard the term “Internship”. We were just trying to make it through this semester, the future would have to take care of itself in due time.

Today, the student universe is different. Many colleges, such as the University of Cincinnati, offer a formalized study/work co-op/internship program. Other universities have placement offices that help students gain important work experience, and often course credits, by working in companies that parallel the students major. The serious student today almost always graduates with one or more professional internships for inclusion on their resume. This makes them much more interesting to prospective employers.

Entrepreneurs and small businesses often do not have monies to hire the full contingent of staff that they need. These cash strapped entities cannot afford the competitive salaries, benefits, taxes and work rule compliance that full-time employment requires, and yet they have real needs for tasks to be performed.

An excellent win-win for entrepreneurs and students is an internship relationship. In the current economic malaise paid internships have been drastically curtailed. The need, however, for students to gain resume enhancing experience has never been greater. They will work for little, and in some cases for close to nothing, in terms of compensation in order to gain real business experience.

We have had students approach Duquesa Marketing, our consumer product consulting firm, seeking guidance in obtaining internships. Likewise, we have many under-funded entrepreneurs approach us seeking assistance in uncovering market research, demographic study, sales prospecting, advertising concepts and many other disciplines. This is potentially a wonderful marriage of need meeting opportunity.

Smaller businesses or entrepreneurs should contact the Dean of the appropriate College at a local university. Inform the Dean’s office of their needs, the project that will be assigned the student and conditions of work or employment. The Dean will typically post such opportunities on the College bulletin board. Important! Ask the dean, or a referring Professor, if there is a possibility that the internship could be a source of course credit or grade enhancement for the student. This is an excellent motivator for the students to aggressively pursue the internship opportunity, and then when engaged, to perform their assigned duties in a most exemplary fashion. Remember, the student needs professional experience, and a strong performance reference from the internship.

For students that lack and need internship experience we occasionally suggest offering to work on a “Proof of Life” basis. “Proof of Life” means that the prospective intern offers to work in order to prove their value. Often this strategy is undertaken to gain work experience, resume enhancement, professional references and course/grade credit. Obviously everyone deserves to be paid for their work product. However, these are different times, and the long view may require a bit of personal guerilla marketing strategy.

Local universities are a wonderful resource. They are not utilized as frequently as they should be by small business and entrepreneurs. Take advantage of this amazing asset, after all, your tax dollars heavily subsidize their existence.

 

Engineering students can expect to work in one of the highest paying careers for a new graduate. An affordable online engineering degree program is a way to start cashing in on the higher salary faster than if the degree was obtained through a more expensive traditional campus based university. Of the 17 engineering specialties, the five engineering degree programs that are expected to have a good outlook for employment in the future are chemical engineering, civil engineering, mechanical engineering, environmental engineering and industrial engineering.

Job growth for environmental engineers is expected to increase by 25% over the next decade according to the US Bureau of Labor. Increasing environmental regulations and proactive concern for the environment are influencing the expected growth in this field. The pay range for this specialty ranges from a low of $43,000 to a high of $106,000 with a median salary of $69,000. Schools such as Worcester Polytechnic Institute offer online masters of engineering programs in this field.

Industrial engineering positions are expected to increase by 20% over the next decade. Industrial engineers study the most effective way to affect production through the use of resources; people, material, and processes. Salaries range from a low of $44,000 to a high of $100,00, with the median being $68,000. Penn Foster College is an online college that offers this degree.

Civil engineering is another specialty that is expected to grow faster than average at a growth of 18% over the next decade. Civil engineers are needed to keep up with the demand of an increasing population in developing infrastructure. The salary range is a low of $44,000 to a high of $104,00, with the median being $68,000. Penn Foster College and Norwich University offer online civil engineering programs.

Chemical engineering positions are expected to grow at an average rate of 8%. Pharmaceutical companies are the most likely to need engineers. Also companies involved in biotechnology and nanotechnology. The salary range is a low of $50.000 to a high of $118,000 with the median being $78,000.

Job growth for mechanical engineers is expected to increase only 4%, but mechanical engineers will be able to enter other specialty areas because of their more broad background. Areas of nanotechnology, materials science, and biotechnology are areas where mechanical engineers can fill the bill. The salary range is a low of $45,000 to a high of $104,000 with the median being $69,000. The University of Delaware offers an online masters program in mechanical engineering.

The overall outlook for engineers of any specialty is good with an expected growth of 11%. Currently there are 1.5 million engineers working in a wide variety of specialties. Civil, mechanical, industrial, and electrical engineers hold the four top positions number of engineers employed.

Many schools such as Ashford, Drexel, University of Toledo, Polytechnic, Eastern Kentucky, Norwich, University of Delaware and Penn Foster College offer online engineering programs.

An online college and university website can provide information about the various programs, colleges and universities, costs, and financial aid. Advisors are available to answer questions, and you can send for information to read at your leisure.

Just click on the following link to get online college degree information. It’s fast, it’s free, and you’re under no obligation. You can get information about many types of online bachelors degree programs from many colleges. They also offer information about programs and schools that offer distance learning online masters degree programs.

by: Geoff Ficke 

This past New Years holiday weekend, I had planned on the ritual television viewing of endless college and professional football games with my son. He is home for Christmas break from university, and the last weekend of each year we have always devoted to eating, lazing and yelling at the screen as teams with which we have no real interest slug it out in endless gridiron skirmishes. However, this year, our viewing habits were turned upside down by a re-run of a car auction.

Each January, the Barrett-Jackson Classic Automobile Auction takes place in Scottsdale, Arizona. The auction takes the better part of a week and features the most stunning car stock in the world, selling for mind numbing prices to ultra-rich celebrities and collectors. If you like cars, and as a child of the 1960’s I do, this is addictive stuff. My son and I saw very little football this weekend, as the auction ran hour after hour, a repeat of the January, 2006 auction as shown on the Speed Channel, and we were consumed.

Watching the auction was revealing on several levels: not only was the auction exciting, the cars beautiful and unique, the bidding spirited, but collectors demand for American classics overwhelmed the markets desire for all other types of collectible vehicles. Ferrari’s, Porsches and Maserati’s were offered and sold, however, all of the record sale prices were achieved by American muscle cars from the 1960’s and 1970’s.

Were ANY American automobile executives in attendance, watching on television or even aware of the insatiable demand for their historic nameplates? At a time when Ford, General Motors and Chrysler, virtually all that is left of the once mighty American auto business, are losing market share, bleeding cash and shuttering factories, the demand for once-pedestrian priced rolling stock is immense. Plymouth Barracuda, Dodge Hemi, Chevelle, Camaro, Firebird, Mustang, and dozens of other American auto models, all once widely sold and, at prices virtually every man could afford, commanded prices as high as $2 million. That is right: $2,000,000!

The re-run of the Barrett-Jackson 2006 auction underlined clearly what ails the American automobile business and what the prescription for a return to the glory days must include. The engineers and designers of the mid-20th century American cars loved the industry: They were car guys first, last, always! Their designs and performance enhancements reflected passion. Cars were more than mere mass transportation; they were statements of creativity, art and American leadership and inventiveness. Can any of these traits be applied to today’s bland, look alike, pedestrian offerings coming to us from Detroit?

Harley Earl at GM, Raymond Loewy at Studebaker, Lee Iacoca at Ford, John DeLorean at Pontiac, and Virgil Exner at Chrysler were craftsman whose designs and styling cues influence the worldwide auto design industry to this day. Can you name the lead designer of any contemporary American auto model working today? They are as faceless, and colorless as their vehicles.

The classic “baby bird”, the Ford Thunderbirds of the 1950’s, were allowed to atrophy, became gluttonous and boxy before being put to a long deserved death in the 1990’s. A few years ago, Ford announced to great fanfare that the Thunderbird would be re-offered in the original two-seat sport roadster presentation. Expectations were high for the “new baby bird”, pre-production bookings encouraging and publicity generous in anticipation of the return of this American classic.

Sadly, the car proved a bust on every level. Performance was dull, lines and body silhouette a pale memory of the distinctive 1950’s design and the public walked quickly away from the car. After only three years of disappointing sales, the new Thunderbird was discontinued.

Ford at least tried. My question, re-issued while watching the 2006 Barrett-Jackson auction was this: Why didn’t the new “Bird” body look exactly like the old bird, gorgeous pastel colors, cutting edge styling cues, continental kits, but with modern mechanics under the hood? The “old Bird” is a recognized classic. Every collector wants a classic Thunderbird in the garage. No one cared for the lame attempt at a pseudo-Bird as offered by today’s Ford designers.

The contemporary American car business suffers for many reasons, including legacy costs, past management mistakes and bloated staffing. However, the biggest mistake by far, and I believe any casual viewer of the Barrett-Jackson auction would agree, is the stodgy, sameness of their contemporary offerings. When a Cadillac, a Buick, a Hyundai and a Toyota look the same, the car with the lowest price, best warranty and best service history will claim the lions share of the sales. Unfortunately these are not currently benefits associated with American cars.

The historic design pedigree that naturally could, and should be attached to American models has largely been forfeited. When a 1970 Plymouth ‘Cuda (original sticker price, $4000) sells for over $2 million and Shelby Mustangs regularly sell for $1 million the market is making a clear statement. Is any body in Detroit paying attention?