Tuesday Edition
I shared the stage at the Annual London Business Forum yesterday with European biz strategy professor, guru & futurist Richard Scase. One topic was market demographics. Here are some observations by Richard, about markets and indeed life.
Fastest growing (and underserved) demographic ... single-person households. In cities like Stockholm and London, the soloists now comprise over 60% of all households!
Factoid, in re New World Order: In England more people are employed by Indian restaurants than in steelmaking, coal mining, and ship building combined!
Males: If we retire at 60, we live to 80. (Invest in those IRAs!) If we retire at 65, we live to 70 ... forget about "financial planning." (This isn't the first time I've seen this troublesome stat.)
Divorces are coming late, about age 45 to 50, when she realizes she's saddled with the old sod for another 2 decades. M-F differences: When a woman gets married, she puts on weight, picks up her drinking, and is depressed; that's all reversed upon divorce. When a man gets married, his weight stabilizes, his boozing lets up, and he's happy—upon divorce, all that's reversed. (Yeow.)
(The Pubs were bursting at the seams in London yesterday evening!)
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Comments
Extrapolating from what Tom wrote about male retirement...I am 41...i may retire today, so I can live to 130!
Posted by Scott at March 18, 2005 11:31 AM
Thanks Tom
I am in England and it must be you visiting - today is the hottest day of the year so far 21 degrees here in Birmingham - even the sun turns out to see Tom Peters!!
BOY HAVE YOU GOT INFLUENCE IN HIGH PLACES MR PETERS!! hehe
Keep rattling the cages
Trevor
Posted by Trevor Gay at March 18, 2005 12:02 PM
I totally understand the retirement numbers. However, I think a lot of this has to do with the demands of work. I know people who are at or near 80 years of age who still go to work everyday. One runs the largest business in his industry in his county. He is physically fit, emotionally healthy, spiritually engaged, and lives a very disciplined, predictable lifestyle.
I think the whole retirement thing has a lot to do with what you do. If you love what you do, have control over it, can turn over portions of responsibility to someone else, then why retire?
I'm past 50 and look to at least 25-30 more years of productivity. Peter Drucker is my model.
Do what you love. Love what you do. Don't stop doing it.
Posted by Ed Brenegar at March 18, 2005 12:36 PM
I can't take the divorce / marriage, male / female "data" at face value. If a man quits drinking after marriage it's only because he's broke.
Posted by Mike at March 18, 2005 12:52 PM
At 33, I have chosen Semi-retirement for Life.
I work 3 days a week for a living and do the things that matter to me now (or atleast THIS week) rather than postpone them deep into an uncertain future.
Posted by Avi Solomon at March 18, 2005 3:07 PM
I hope your retirement figures don't come from the chart that made the rounds from Boeing. That set of data has been pretty well documented as being bogus, but still makes the rounds every so often.
Posted by Steve Prevette at March 18, 2005 3:23 PM
The UK no longer has steelmaking and ship building any more and only one coal mine
Posted by Gauri at March 18, 2005 4:45 PM
Oops Gauri. The UK does have steelmaking facilities as I know several people who work in the research department for Corus at their Redcar plant and who also commute to the Corus plants in Sheffield and Scunthorpe! Shipbuilding still takes place on the Tyne too whilt submarines are still (I think!) built in Barrow (at least they were the last time I saw a news item on it).
Posted by Keith Rickaby at March 18, 2005 4:51 PM
Bravo Mr. Richard Scase, he seems to me with this kind of ideas better positioned than the media (well for some reason was he at the stage with Mr. Peters.
All smart people knows that a man can achieve much, I mean much much more, with the graces of a successful clever woman next to him (usually behind the scenario,althougt most men are type visual)
BTW, it's flower-power time, Spring is almost here.
Posted by Omara at March 18, 2005 5:24 PM
Wonderful Omara - Amen to every word you say my friend!
In my business - my wonderful partner Annie is more important to me than any business contact, colleague or customer - she is my inspiration; she keeps me sane; and she makes sure I keep things in proportion
Annie also ensures I concentrate on the REALLY IMPORTANT STUFF - that is our wonderful relationship. That in turn makes me feel stronger and more able to do my work. All business success for me starts with me feeling good in my relationship with Annie.
Women do not SUPPORT men in my experience - that language is simply an insult to the position of the woman!
Women actually LEAD men - most men don't understand that - or maybe just won't admit it!!
With Annie I perform at 100% - without Annie I would probably perform at 50% - on a very good day!!
More power to the females I say!!
Posted by Trevor Gay at March 20, 2005 5:07 PM
Avi, I totally agree. I "semi-retired" three years ago... didn't work a full time job in that time. It was great. I traveled the world, started writing, and generally enjoyed my life.
Recently I thought I'd save extra money by working full time. What a disaster! Im miserable. I have no time to loaf, no time to contemplate, no time to write. Life sucks! What a huge mistake (one I will soon correct).
The smart thing to do is retire now! The flip side of this is "never retire"...to me they are one and the same situation. First you must retire from full time jobs. That gives you the time and energy to find your own work... that which inspires you. Once you find that, work is no longer "work" and there is no need to retire from it.
If we dont do this, we end up miserable. Imagine if Jerry Garcia had tried to force himself to be a banker. Imagine if Steve Jobs had chosen to be "responsible" by selling insurance. Imagine if Tom Peters had chosen to be a wage slave in a large corporation.
Would we still be celebrating them as icons of passion?
Posted by AJ Hoge at March 21, 2005 1:03 AM
Trevor, I am glad we show up the same kind of sensitivity, I think it's common sense.
Also I can asure you that we, no just women but everybody, need more guys like you. Best of luck!
Posted by Omara at March 21, 2005 3:02 AM
Thanks Omara
My mantra is 'simplicity' and yes of course you are 100% right - this gender thing is simple common sense.
In management we always seem to make things complicated that are simple. My view is that complexity is merely the sum of simple parts.
By the way ....
I tried to answer your e mail but it was bounced back as 'undeleverable' - but thank you for your kind comments - maybe you have another e mail address -let me know
female viagra canadian Posted by Trevor Gay at March 21, 2005 4:26 AM