Aloha! For many, Maui is more than a place. It is a philosophy and a state of mind.
Maui represents roughly 12% of Hawaii's population and jobs. Visitors to Maui quickly acclimatize to the sun, the sand and the friendly 'aloha' attitude. For many of our visitors, thoughts turn to whether living on Maui is within the realm of possibility. We see you looking at our real estate listings and chatting with the locals about jobs! If you want to learn a little more about the employment scene, this is the article for you.
Maui County - Key Statistics
The 2010 government census provides a fresh look into how people live on Maui. The island holds 155,000 full time residents and 64,000 full time jobs. Since the economic downturn of 2008/9 (when unemployment reached 9.5%), things have mostly returned to normal and unemployment now stands at 5.2% (as of Dec 31, 2012). To the end of 2011, the top employing industries were hospitality (33% of all jobs), the retail sector (14%) and government (federal, state and county - 14%). The other 39% of jobs on Maui at the end of 2011 were Professional Services (10%), Private Health Care (8%), Construction (4%), Finance (4%), Agriculture (3%), Private Education (2%) and Technology (1%). Smaller sectors made up the difference.
How to Find a Six Figure Job on Maui
1. Buy a Franchise
If you have ever thought of becoming your own boss, purchasing a franchise provides a safety net as you execute against a proven business model. Established franchises have both brand recognition and a documented way to operate the business, whereas starting a business from scratch has neither. Franchises also have territorial rights; therefore, you can guarantee that you will be the exclusive provider of services within a specific geographic area. Franchisors also have relationships with various lenders should you need financial help. If you have the entrepreneurial spirit and meet the experience requirements of the Franchisor, owning your own company is an option. One word of caution on franchises - if you have not heard of it, you probably don't want to own it. It is worth your while to stick with the Top 500 Franchises as ranked by Entrepreneur.com.
2. Work from Home
The internet has changed our world for the better. Two decades ago, people did not have the option of working online or telecommuting via skype. Many who live on Maui earn their income by working at home, whether they are an independent contractor for a major firm or an internet entrepreneur who earns advertising commission from blogging or iPhone apps. For those with a keen interest in technology, starting an online business is a great start on the road to financial independence. It will take time to build a business to a point where you can afford to live on Maui, but there is no time like the present if you are truly motivated.
3. More Education
Maui has 6,400 jobs in the Professional Service sector and many more for experienced business executives. Professionals such as doctors, lawyers and accountants all fall at the top end of compensation on Maui. If these jobs are of interest, make sure that you have the educational requirements to apply. For some, it may mean going back to school. If you are an accredited professional, you can search for 6 figure jobs at the Maui Job Board.
Mahalo
Maui represents roughly 12% of Hawaii's population and jobs. Visitors to Maui quickly acclimatize to the sun, the sand and the friendly 'aloha' attitude. For many of our visitors, thoughts turn to whether living on Maui is within the realm of possibility. We see you looking at our real estate listings and chatting with the locals about jobs! If you want to learn a little more about the employment scene, this is the article for you.
Maui County - Key Statistics
The 2010 government census provides a fresh look into how people live on Maui. The island holds 155,000 full time residents and 64,000 full time jobs. Since the economic downturn of 2008/9 (when unemployment reached 9.5%), things have mostly returned to normal and unemployment now stands at 5.2% (as of Dec 31, 2012). To the end of 2011, the top employing industries were hospitality (33% of all jobs), the retail sector (14%) and government (federal, state and county - 14%). The other 39% of jobs on Maui at the end of 2011 were Professional Services (10%), Private Health Care (8%), Construction (4%), Finance (4%), Agriculture (3%), Private Education (2%) and Technology (1%). Smaller sectors made up the difference.
How to Find a Six Figure Job on Maui
1. Buy a Franchise
If you have ever thought of becoming your own boss, purchasing a franchise provides a safety net as you execute against a proven business model. Established franchises have both brand recognition and a documented way to operate the business, whereas starting a business from scratch has neither. Franchises also have territorial rights; therefore, you can guarantee that you will be the exclusive provider of services within a specific geographic area. Franchisors also have relationships with various lenders should you need financial help. If you have the entrepreneurial spirit and meet the experience requirements of the Franchisor, owning your own company is an option. One word of caution on franchises - if you have not heard of it, you probably don't want to own it. It is worth your while to stick with the Top 500 Franchises as ranked by Entrepreneur.com.
2. Work from Home
The internet has changed our world for the better. Two decades ago, people did not have the option of working online or telecommuting via skype. Many who live on Maui earn their income by working at home, whether they are an independent contractor for a major firm or an internet entrepreneur who earns advertising commission from blogging or iPhone apps. For those with a keen interest in technology, starting an online business is a great start on the road to financial independence. It will take time to build a business to a point where you can afford to live on Maui, but there is no time like the present if you are truly motivated.
3. More Education
Maui has 6,400 jobs in the Professional Service sector and many more for experienced business executives. Professionals such as doctors, lawyers and accountants all fall at the top end of compensation on Maui. If these jobs are of interest, make sure that you have the educational requirements to apply. For some, it may mean going back to school. If you are an accredited professional, you can search for 6 figure jobs at the Maui Job Board.
Mahalo
About the Author:
Ryan Kalani runs the Maui Job Board, where people seeking their dream job come together with Maui's best employers. If you are interested in working on Maui, the Maui Job Board has hundreds of current job openings, employer profiles, and tips on finding your dream job.
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