Aloha! If you have been to Maui, you understand what it means to "live aloha".
The Hawaiian island of Maui is the preferred vacation destination for its 2.1 million annual visitors. Newcomers quickly fall in love with the warm weather, picturesque beaches and laid back attitude. At some point during most vacations, thoughts turn to making Maui a more permanent residence. Understanding the employment landscape will help you determine whether you are simply dreaming about moving to Maui or are serious about relocating to this island paradise.
Maui County - Key Statistics
The most recent information for Maui comes from the Federal Government's 2010 census and the annual "Maui County Data Book". At the end of 2010, Maui was home to 154,834 full time residents, which represents an increase of 21% from 2000. At the some time, there were 64,200 full time jobs. The unemployment rate at the end of 2012 was 5.2%, which indicates that the economy has recovered from the 2008/9 economic downturn when unemployment peaked at 9.5%. During 2011, the industries that provided the most number of jobs were travel and tourism (33% of total jobs, or 21,100 actual jobs), retail services (14%/9,100), and government (14%/8,900). Most of the rest of the employment landscape includes Professional Services (10%/6,400), Private Health Care (8%/5,100), Construction (4%/3,200), Finance (4%/2,600), Agriculture (3%/1,600), Private Education (2%/1,200), and Technology (1%/600).
How to Find a Six Figure Job on Maui
1. Franchise Ownership
If owning your own business sounds appealing, yet starting a brand new venture in Maui is more than you bargained for, then purchasing a franchise gives you the best of both worlds. You can buy an existing franchise or open a brand new location for a major Franchisor. Many of the franchises in Maui tend to be hospitality related (accommodation, food and beverage). There are several benefits to owning a franchise, including dedicated territorial rights, established brand recognition, access to a network of like-minded entrepreneurs facing similar issues, and an operational blueprint for your business. In addition, foreign investors who spend more than $500k on a franchise and employ more than 10 people qualify for a green card. Many Franchisors also have close relationships with lenders who can help to finance the business. If you are looking at buying a franchise, I strongly recommend that you stick with those listed on the Entrepreneur.com Top 500 list. These are the most reputable franchises out there.
2. The Virtual Office
We are living in a truly remarkable time. The internet has changed the way people live and work. Both employees and entrepreneurs are able to work anywhere on the planet from virtual offices. For people with an affinity for technology, starting an online business and earning money online is easier than ever. It will take some time to grow an internet business, but if you have a year or two before you want to relocate, this could be something you want to research. There is money to be made in developing smartphone apps, launching affiliate marketing websites, writing articles, etc.
3. Additional Education
There is a decent sized Professional service industry on Maui, and these roles (management, lawyers, doctors, accountants, architects, engineers, etc.) tend to pay the highest. For those who need extra motivation to fulfill a professional designation, I can't imagine better incentive than being able to practice on Maui. If you are an accredited professional, you can find a complete listing of hundreds of job openings at the Maui Job Board.
Mahalo
The Hawaiian island of Maui is the preferred vacation destination for its 2.1 million annual visitors. Newcomers quickly fall in love with the warm weather, picturesque beaches and laid back attitude. At some point during most vacations, thoughts turn to making Maui a more permanent residence. Understanding the employment landscape will help you determine whether you are simply dreaming about moving to Maui or are serious about relocating to this island paradise.
Maui County - Key Statistics
The most recent information for Maui comes from the Federal Government's 2010 census and the annual "Maui County Data Book". At the end of 2010, Maui was home to 154,834 full time residents, which represents an increase of 21% from 2000. At the some time, there were 64,200 full time jobs. The unemployment rate at the end of 2012 was 5.2%, which indicates that the economy has recovered from the 2008/9 economic downturn when unemployment peaked at 9.5%. During 2011, the industries that provided the most number of jobs were travel and tourism (33% of total jobs, or 21,100 actual jobs), retail services (14%/9,100), and government (14%/8,900). Most of the rest of the employment landscape includes Professional Services (10%/6,400), Private Health Care (8%/5,100), Construction (4%/3,200), Finance (4%/2,600), Agriculture (3%/1,600), Private Education (2%/1,200), and Technology (1%/600).
How to Find a Six Figure Job on Maui
1. Franchise Ownership
If owning your own business sounds appealing, yet starting a brand new venture in Maui is more than you bargained for, then purchasing a franchise gives you the best of both worlds. You can buy an existing franchise or open a brand new location for a major Franchisor. Many of the franchises in Maui tend to be hospitality related (accommodation, food and beverage). There are several benefits to owning a franchise, including dedicated territorial rights, established brand recognition, access to a network of like-minded entrepreneurs facing similar issues, and an operational blueprint for your business. In addition, foreign investors who spend more than $500k on a franchise and employ more than 10 people qualify for a green card. Many Franchisors also have close relationships with lenders who can help to finance the business. If you are looking at buying a franchise, I strongly recommend that you stick with those listed on the Entrepreneur.com Top 500 list. These are the most reputable franchises out there.
2. The Virtual Office
We are living in a truly remarkable time. The internet has changed the way people live and work. Both employees and entrepreneurs are able to work anywhere on the planet from virtual offices. For people with an affinity for technology, starting an online business and earning money online is easier than ever. It will take some time to grow an internet business, but if you have a year or two before you want to relocate, this could be something you want to research. There is money to be made in developing smartphone apps, launching affiliate marketing websites, writing articles, etc.
3. Additional Education
There is a decent sized Professional service industry on Maui, and these roles (management, lawyers, doctors, accountants, architects, engineers, etc.) tend to pay the highest. For those who need extra motivation to fulfill a professional designation, I can't imagine better incentive than being able to practice on Maui. If you are an accredited professional, you can find a complete listing of hundreds of job openings 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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