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1.5 million work in UK digital economy, but are you ready for the next economic revolution?

More than 1.5 million people now work in UK digital economy, the BBC reports. However, with more tech start-up companies forming all over the country, a House of Commons report warns that 12.6 million adults lack basic digital skills, while 5.8 million have never used the internet at all.

The report by the Commons Science and Technology Committee found that:

• 22% of IT equipment in schools is ineffective
• Just 35% of computer science teachers had a relevant qualification
• Only 70% of the required number of computer science teachers have been recruited
• The UK needs another 745,000 workers with digital skills by 2017
• 90% of jobs require digital skills to some degree
• Skills gap costs economy around £63bn a year in lost income

The authors are calling on the government to formulate a digital strategy as a matter of urgency and businesses to invest more and better training at all levels of education.

"The UK leads Europe on tech, but we need to take concerted action to avoid falling behind. We need to make sure tomorrow's workforce is leaving school or university with the digital skills that employers need," the committee's chairwoman, Nicole Blackwood, said.

A government spokesperson replied: "This government recognises the crucial role digital skills play in our society and economy. Our Digital Strategy, to be published shortly, will set out how we will help employers and individuals access the tools they need to power our digital economy.

"This will make sure we are well placed to remain a tech leader in Europe. We will consider the Select Committee's report and respond in due course," they added.

Digital skill

The Science and Technology Committee said that whilst there is no single definition, a digital skill is understood to be the ability to use computers and digital devices to access the internet, the ability to code or create software and the ability to critically evaluate media, and "to navigate knowingly through the negative and positive elements of online activity and make informed choices about the content and services they use". Source: BBC News.

The report confirms my belief that millions of people are sleep walking into the next economic age, the digital age, total unprepared for the seismic change which will replace hundreds of millions of jobs in western countries like the UK, U.S., Canada and Australia.

Uber driver-less vehicles are here

How to survive the digital revolution

The digital revolution is already upon us, so get ready! However, I am convinced that you can work from home and make money online provided you have the right internet training and support and real products of value to market. You need training. If you try tinker at it on your own you will reduce your chances of making enough money to quit your job and living the life you really want. Nearly all businesses use the internet these days, so it's not some obscure idea. The latest internet boom is only just starting, according to the experts, and we can all ride the next wave.

Fortunately, the internet has opened up a new world of learning, working, socialising and doing business. Millions of people already work from home earning a living by using platforms such as Amazon, Ebay, Upwork and of course Uber. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.

At the click of a mouse, you can now find everything from a short instructional video to a full degree course online. If you would like more information on a free course on how to survive and thrive in the digital economy and discover the truth about how to make money online, click here.

See also:

Uber driverless vehicles to replace millions of jobs as the digital revolution changes everything

7 Steps to Making Money Online with Amazon

Nurses needed in UK, Work Permits and UK Visas available

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Bank of England cuts UK base interest rates to .25% and pumps more money into the economy

The Bank of England voted to cut base interest rates from 0.5 to 0.25% today, and pump more money into the economy by quantitative easing (QE) - printing money to you and me!

The move is designed to stimulate the economy, including a £100bn scheme to force banks to pass on the low interest rate to households and businesses, and will reduce mortgage payments for millions of borrowers, which should encourage us to go out and spend more money.

Bank of England Governor Mark Carney said there was scope to cut the interest rate further.if the UK went into recession, and added that a majority of the nine-member Monetary Policy Committee (MPC) backed a further cut if subsequent data showed the economy was slowing.

What does all this mean to the average person?

For most people, it will not make much difference to their daily lives. Over half the population do not have a mortgage, but savers, especially the retired, will suffer a further fall in the amount of interest they receive.

The question to ask yourself is: how will this affect my economy?

Despite the fact that the Bank of England has been printing money, the high street banks are not lending enough to small businesses, and mortgage brokers tell me that the lenders are restricting loans and pulling in their reins.

In the digital economy, things are still booming worldwide, A growing trend is for a more fulfilled and less materialistic life. People in developed countries are starting to move away from the traditional way of working in a job, with more and more of us opting to work from home or spend more time with the family, even if this means giving up a corporate job with a large salary.

In the last few years technology has made this dream a reality for millions of people who want to leave the rat race.

Anyone, for instance, stay-at-home mums and dads or home-based entrepreneurs, can now work from home using platforms set up by companies like Upwork.com, fiverr.com, Ebay or Amazon.com. We can even trade stocks and currencies using real-time software linked to trading floors that would have been out of reach for individual traders just a few years ago.

Starting a business online in the multi-billion dollar digital economy has never been easier and does not require risking the huge capital needed for traditional bricks and mortar business, such as a franchise or retail outlet.

To find out more on how to escape the 9-5 life sentence, join the digital, home-based revolution or live the laptop lifestyle, check out the free training by clicking here.

Srila Prabhupada's Hare Krishna movement teachings are more than love, spirituality and meditation, they actually work in everyday life and business too

A few weeks ago, I attended the opening of a new Srila Prabhupada Garden at Bhaktivedanta Manor, which is situated just outside London in Hertsmere.

Listening to the inspirational speeches in the beautiful gardens of the Manor House, donated to the Hare Krishna movement by the late George Harrison, I almost could have been at a seminar on how to be successful.

The speakers talked about meditation, love and spirituality, but also about the everyday practical things, like the importance of values, hard work, diligence, persistence, goals, planting seeds and never giving up on your purpose. These people have their feet firmly on the ground, and they know how to run an organisation which is larger than many listed corporations!

As the British sun came out for the first time in weeks, we all joined one of the speakers in a chorus of George Harrison's 'Here Comes the Sun.' It was a truly magical moment.

Bhaktivedanta Manor is the UK headquarters of the worldwide ISKCON movement, started in New York 50 years ago by Srila Prabhupada - with no money, no premises and a handful of disciples. It has since grown into a worldwide movement with millions of disciples. How many businesses last for 50 years? Not many, we were told. In fact the average lifespan of a successful business is falling below 20 years and most fail in the first.

After the dedication ceremony, we move to the George Harrison garden with Joshua M. Greene held a book launch for his biography of Srila Prabhupada: 'A Swami in a Strange Land'.

ISKCON has grown without the aid of massive capital injections, advertising campaigns or publicity stunts. The word has quietly spread through its disciples and volunteers.

No one is compelled to do anything, but there is a special power in the collective movement of people and the coming together of minds, sometimes known as a ‘mastermind’.

There are many other movements in the world today run by volunteers who work tirelessly, without pay, for a cause or collective vision. Some are religious or political groups, and some are not an organised ‘group’ at all, such as the Arab Spring or growing demand for a different, more open form of politics.

Another growing trend is the yearning for a more fulfilled and less materialistic life. People in developed countries are starting to move away from the traditional way of working in a job, with more and more of us opting to work from home or spend more time with the family, even if this means giving up a corporate job with a large salary.

In the last few years technology has made this dream a reality for millions of people who want to leave the rat race and get out of the 9-to-5 daily grind.

Anyone, for instance, stay-at-home mums and dads or home-based entrepreneurs, can now work from home using platforms set up by companies like Upwork.com, fiverr.com, Ebay or Amazon.com. We can even trade stocks and currencies using real-time software linked to trading floors that would have been out of reach for individual traders just a few years ago.

Starting a business online in the multi-billion dollar digital economy has never been easier and does not require risking the huge capital needed for traditional bricks and mortar business, such as a franchise or retail outlet.  

For instance, MacDonald’s franchise will cost you hundreds of thousands of dollars and it will take several years before you see a profit. Even a small local franchise will set you back $10-15,000 just for the ‘right’ to sell or provide a service in a geographical area.

In both of the above examples, people are physically tied to the business 24 hours a day, 365 days a year (unlike you would be in a digital business). In effect, most franchisees are buying a job.

So what's stopping you making the shift to a different way of life? When I was faced with a similar question a few years ago, having spent most of my life in a job or running a physical business 7 days a week, the answer came down to 2 things:

1. Education (how to do it) and
2. Earning enough money to give up full-time work.

I searched for five years and looked at hundreds of offers, get rich quick schemes (which always seems to cost $47, but only if you buy the software today!), various platforms, network marketing and MLM downline selling and affiliate marketing companies. Most of these schemes did not appeal to me, as they either involved selling high priced goods to my friends, or required me to me a technical wizard at setting up websites and online marketing systems.

I finally a company that offered a vehicle for stay-at-home digital entrepreneurs or someone who wanted to start part-time earn affiliate commissions until they had enough passive income to quit their jobs - all without the need to set up websites or possess geeky levels of technical knowledge.

The company has excellent training for their students taking, them through a structured series of modules at their own pace, backed up with webinars and live support and mentoring from real people. What I really liked was the fact that the initial video training, reports and information is downloadable and totally free and without obligation.

Warren Buffet, probably the greatest investor on earth, once said that if you cannot generate passive income, you'll work until you die. The problem is, most people coming up to retirement in the ext 10 to 20 years do not have enough in a pension plan to enable them to retire on a passive income.

To find out more on how to escape the 9-5 life sentence, join the digital, home-based revolution or live the laptop lifestyle, check out the free training by clicking here.

Is Facebook and Google's domination of media advertising really bad for digital entrepreneurs?

Just wanted to share an interesting article – ‘Beware of the big beasts as Facebook and Google squeeze rivals’  – by Gideon Spanier, head of media at Campaign magazine, for the London Evening Standard.

If you are a digital marketer, where do you advertise your product? Chances are Facebook, Google and Instagram take up the lion’s share of your budget.

The author is concerned that from a media point of view Facebook and Google completely dominate the online media and their internet advertising revenues increased by a combined $18 billion (£13.7 billion) last year. This figure is the same amount that the entire digital ad market grew globally, with the exception of China, where Facebook and Google are not active.

“Two companies generated growth equal to 100% or more of global digital advertising outside of China last year,” Brian Wieser, an analyst at Wall Street firm Pivotal Research, says. 

“Other media owners’ digital growth either came alongside Google’s as part of their ad network activities [through revenue-sharing] or displaced declines from other digital media owners.”

Both are set to grow at a faster rate than in 2015 and should add $23 billion in revenues between them this year, according to Wieser.

Facebook, still only a third of Google’s size, is catching up and has reinvented itself for what it calls a “mobile-feed” world of media consumption. Its messaging app, Messenger, hit one billion users this month, its photo-sharing app, Instagram, passed half a billion in June, and it keeps poaching senior staff from the ad industry.

Meanwhile. half of the world’s top 30 media owners saw their ad revenues fall last year, according to Zenith, the media-buying agency.

Robert Thomson, chief executive of Rupert Murdoch’s News Corporation, the owner of The Sun and The Times, complained that Facebook had changed its algorithm to “reduce, if not remove” news publishers’ stories in favour of other posts. 

Kath Viner, editor of The Guardian, which is about to post a loss of £173 million, attacked Facebook.

“Social media companies have become overwhelmingly powerful in determining what we read — and enormously profitable from the monetisation of other people’s work,” she warned.

The author points out that while in the explosion of the digital economy, we enjoy unprecedented limitless media choice as consumers, the power lies with a decreasing number of technology giants.

Whilst the traditional print and other media players are naturally worried about their diminishing market share, smaller advertisers and digital entrepreneurs have never had it so good.

There has never been a time in history when a small business owner could so quickly launch a product worldwide and go toe-to-toe with the big boys.

In the past, businesses had to rely on a scatter gun approach using the likes of the Yellow Pages, local news advertising or leaflet drops to drum up customers. In most cases, we never knew if any of these methods actually worked, as it was almost impossible to measure.

National media coverage was and still is hugely expensive and there is still no guarantee of measurable success. Looking at a newspaper, distributed freely in London, I can see glossy ad’s costing tens of thousands of pounds for big brands – Samsung, Hilton, Virgin and VW - however, these ad’s are increasing awareness rather than directly pulling in business.  

Smaller entrepreneurs cannot afford the luxury of placing a series of £25,000 ad’s in the hope of building a brand!

That’s where Google and Facebook comes to our rescue, giving us low-cost targeted advertising with accurate measurable results. Nimble, agile digital entrepreneurs can market any product online, and even compete with larger rivals, using internet platforms like Amazon, Google and Facebook.

Millions of people are now working from home or running home-based businesses, some part-time but others escaping the 9-5 rat race to join the digital economy.

If you would like to learn more about launching an online business, escaping the 9-5 or joining the digital revolution from the comfort of your home, click here.

Live the life you want regardless of who is running the economy

Wednesday 13 July 2016. Hey, I just spent an historic day in London witnessing all the drama and excitement unfold in Westminster and the Houses of Parliament.

In a few hours we had David Cameron giving his last speech as PM in the House of Commons behind me, then resigning as Prime Minister and the first female leader since Margaret Thatcher taking his place - and home - in 10 Downing Street.

Within hours of taking the helm of UK PLC, Theresa May started forming her new government. Out goes George Osborne and in comes Philip Hammond as Chancellor of the Exchequer, and surprise move of the day being Boris Johnson's appointment as Foreign Secretary.

Taking Theresa's old job as Home Secretary will be Amber Rudd, the former Energy and Climate Change Secretary and investment banker. She takes over at the Home Office - border control, UK Visas, Police and homeland security -  where Mrs May has lasted longer than any minister in modern times.

Leave campaigner and euro sceptic, David Davis will be in charge of the important BREXIT (Britain's exit from the EU) process, which should dismiss claims that May, a remain campaigner, will not honour the 17 million people who voted the leave the European Union last month.

Governments make policies and run the wider economy, public spending etc, but ordinary folk like you and I have to run our OWN economy.

Home Based Revolution and Digital Economy

It's a strange fact that at least two of the world's most powerful leaders actually work from home! That's right, they live above the shop and have a home office. Well, not quite, but get this. Within a day of the decision to appoint Theresa May as Prime Minister David and Samantha Cameron were packing their belongings and a van turned up to move them out of number 10!

Seriously, there is a huge shift going on today with more and more people opting to get out of the rat race and daily 9-5 grind and seek a new more satisfying way of living. We want more from life, we want a LIFE, and we are not going to get it spending 40 years commuting to an office or workplace 5 days a week while our families grow up faster than we can say "where did the years go?".

Timothy Ferris may have started all this anarchy when he published his book: 'The 4 Hour Work Week'! Whether you want to be a stay at home mum or someone who wants to persuade their boss to allow them to work from home a few days a week there is a quiet revolution taking place and it has become possible in the digital age. The problem is, most people don't know how they can make the shift from regular job to home-based entrepreneur or worker.

If you enjoy motivational material, you might be interested in The Abundance Factor, a free movie featuring Bob Proctor, T Harv Eker and Dr Joe Vitalie.

Whatever stage you are at on your journey to find your ideal life, you may want to check out a free video training series which teaches you the basic steps of becoming a digital entrepreneur and gives you some useful ideas that could make working from home and living the laptop lifestyle a reality faster than you think.