Hi, Kim here, one of your three student co-hosts on the MIDJersey Chamber of Commerce Business Hour every Sunday at 10 a.m. on 107.7 The Bronc. For this encore presentation, a special guest, Holly Jerome from Action Coach, a career-coaching company, joined the Business Hour to provide insights into entrepreneurship, step-by-step goals in management, and some good advice for college students that was all, as they say, free of charge! Once we were left all by our lonesome, we fell onto the topic of minimum wage and the source of contention it has politically created throughout our country.
Holly Jerome began her career as a Biochemistry major who eventually delved into a profession that was foreign territory from what she had known in the sciences. With her diverse background and qualified career management recommendations, Holly shared with us the major problems she commonly faces with small business owners that come to her for help, such as hiring mishaps due to missing contracts, poor goal formation and execution, as well as sometimes their lack of receptivity to changes in their plans.
Holly appears to be a master of all trades. She must continuously adapt to each industry and create her portfolio of plans for each one that she attends to. Her role in each business can last anywhere from the short-term to aid in an immediate crisis, to long-term for companies that wish to have her guidance through all bumps in the road until a natural expiration occurs. This almost reminds me of fictional character Nanny McPhee’s policy; if you need her, but do not want her, she’ll have to stay, but once you want her, but no longer need her, she’ll have to go.
Minimum wage is political hot potato, but we were able to discuss it without the pitchforks, during our final segment. Our conversation was sparked by an article that mentioned JPMorgan increasing their personal standard of minimum wage from $10.50 an hour to a range of $12-$16.50. Private determination of minimum wage has been considered as the optimal action for employers, given that companies consciously make these financial choices with the knowledge they can accommodate the financial goals they determined, and may even be used as a competitive advantage. Federal and state mandates on minimum wage have short-term solutions, but eventually end up back at square one due to other factors, which rise to compensate for sudden extremes.
If you have an opinion on business then you want to tune in every Sunday at 10 a.m. to find out what interesting topics the MIDJersey crew will be discussing next on The MIDJersey Chamber of Commerce Hour Sunday’s at 10 a.m. on 107.7 FM, online at 1077TheBronc.com and via our free Android and iOS apps.