Career transitions are challenging. With the recent downsizing that has ricocheted through the business landscape, many career executives are taking control of their business lives and seeking starting or buying a business or joining a franchise. Time2Transition® is a resource devoted to providing information that anyone can use to make their transition smooth.
1. Self Employment New Career Path VP Human Resources Research PhD
Entrepreneurship
Start a Business
Attorney
CPA Self Employment Controller Retirement
Franchising Senior Executive Change Careers New Career Path
Become a Franchisee
Buy a Business
CEO VP Marketing
CFO
Entrepreneurship
Self Employment VP Operations
Business
Contractor Self Employment Semi-retirement
Franchising MBA Executive Career Opportunities
Career Path
Physician
MPA Buy A Franchise
Start A Business PhD
Electrician Physician
1 CFO Business Coaching Certified Expert
Consultant
Self Employment New Career Leadership
Business
CIO Be Your Own Boss
Franchising Nurse
Technician
Entrepreneur Technician
Professional Paralegal Business Coaching
2. Self Employment New Career Path VP Human Resources Research PhD
Entrepreneurship
Start a Business
Attorney
CPA Self Employment Controller Retirement
Franchising Senior Executive Change Careers New Career Path
Become a Franchisee
Buy a Business
CEO
CFO
Entrepreneurship
Self Employment VP Operations
Taking the Mystery and Risk Out
Business
Contractor Self Employment Semi-retirement
of the
Franchising MBA
Entrepreneurial Transition Process
Executive
Career Path
Career Opportunities
Physician
MPA Buy A Franchise
Start A Business PhD
Electrician Physician
1 CFO Business Coaching Certified Expert
Consultant
Self Employment New Career Leadership
Business
CIO Be Your Own Boss
Franchising Nurse
Technician
Entrepreneur Technician
Personal Trainer Paralegal Business Coaching
4. House Keeping Items:
Loss of Internet Connectivity
Call will be muted to remove background noise
5. House Keeping Items:
Loss of Internet Connectivity
Call will be muted to remove background noise
Submission of questions via chat box
6. House Keeping Items:
Loss of Internet Connectivity
Call will be muted to remove background noise
Submission of questions via chat box
Webinar will last for 20-30 minutes
10. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
11. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
12. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provided leasing services to franchise companies
13. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provided leasing services to franchise companies
The only thing that is constant in business is change
14. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provide leasing services to franchise companies
The only thing that is constant in business is change
Franchising – An Intriguing Alternative
15. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provide leasing services to franchise companies
The only thing that is constant in business is change
Franchising – An Intriguing Alternative.
Unit/Multi-Unit Franchise
16. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provide leasing services to franchise companies
The only thing that is constant in business is change
Franchising – An Intriguing Alternative
Unit/Multi-Unit Franchise
Regional Franchisee
-Recruits
-Trains
-Opens & provides ongoing support
17. The Transitional Career of Marvin L. Storm
Began Career with Deloitte Touche
Started an equipment leasing business
A steep and expensive learning curve
Provided leasing services to franchise companies
The only thing that is constant in business is change
Franchising – An Intriguing Alternative
Unit/Multi-Unit Franchise
Regional Franchisee
24. The Launching of Time2Transition ®
Transitioning from Employee to Entrepreneur
- A Road Map For Aspiring Entrepreneurs
25. The Launching of Time2Transition ®
Transitioning from Employee to Entrepreneur
- A Road Map For Aspiring Entrepreneurs
Entrepreneurial Consultancy Launched
26. The World We Live in Is Constantly Changing
The world in which we live has changed dramatically during
the last few years. Today many people are re-evaluating their
futures because they have been or may soon be downsized or
because of other changes in their lives.
27. The World We Live in Is Constantly Changing
What you will learn in this webinar could literally change your
life and help you avoid mistakes that could literally ruin you
financially.
At a minimum, this session will provide you with a better
understanding of your entrepreneurial profile.
It may even be that you will decide that you really are
someone that just needs to find your next job/career vs.
seriously considering life as an entrepreneur.
28. Turning Back the Clock
Let’s turn the clock back to when you were a kid. As you were
growing up, how many times were you asked, “What do you
want to be when you grow up?”
29. What Was Your Reply?
Your reply may have been a fireman, a nurse or an astronaut.
Each of these careers is noble and I do not want to demean
these career choices.
However, the point I am trying to make is that our society
prepares each of us to work for someone else.
30. Conditioned From a Young Age!
This subliminal preparation starts even before you begin school
and continues right through college or a trade school where a
career counselor coaches you on what course of study you
should pursue.
Why?
31. To Prepare You To Get a Job and Make a Living
Why? To Prepare You To Get a Job and Make a Living.
After getting your first job, your main focus is to learn how to
be a model employee.
Getting an education and a preparing for a job is good path to
follow and I totally support of education but the point I want
to make is that for most of our lives each of us were prepared
to work for someone else.
32. Gone Are the Days…..
However, gone are the days of working for the same company
in your entire career, receiving promotions for your hard
work, having job security, medical benefits and getting the
gold watch at a banquet held in your honor after years of
dedicated service to the company.
33. The “Pink Slip”
The new reality is often getting a surprise email or being
handed a “pink slip” announcing to the world that in spite of
all of your dedicated hard work and contributions to the
company over the years your services are no longer needed.
34. Or, Maybe…
Or, maybe you are still employed but because so many of
your co-workers have been laid off your work load has
doubled while your salary remains the same.
To add insult to injury, the attitude of your boss is, “You’re
lucky to have a job so stop complaining and get back to
work.”
35. Or, Maybe….
Or, maybe the “Peter Principle” is alive and well at work and
your boss is a text book example of this concept.
Never heard of or you don’t remember what the “Peter
Principle is all about?
Let me tell you a little more about it and see if this sounds
familiar.
36. The Peter Principle
Years ago, Dr. Laurence Peters and Raymond Hull penned a
landmark book that postulated that in most organizations
managers are promoted as they perform their work
competently.
Sooner or later some are promoted to a position at which
they are no longer competent, and there they remain, being
unable to earn further promotions because they have
reached the level of their incompetency.
Now, the real work is being accomplished by others who
have to find ways to subtly "manage" their superiors in order
to limit the damage that they end up doing.
37. Does this sound familiar and apply to your world?
Perhaps your boss is competent but is just a “jerk” to work
for because he is unreasonable, unpleasant and ungrateful.
Now you’re finding it hard to get out of bed in the morning
because you to have to deal with your moronic boss.
38. Regardless of the reasons……
Is it time to think about transitioning from the world of
traditional employment to a more entrepreneurial
environment where YOU call the shots, benefits from the
results of your hard work, are paid for what YOU do vs. what
someone else thinks you deserve, and finally being able to
control YOUR lifestyle and future?
Still not convinced that you need to start thinking about a
taking more control of your life?
40. Retirement: Fact or Fiction
If only that were true.
Actually, your Social Security Trust fund has zero cash in
it, that’ right ZERO cash.
The ONLY assets in this fund are the IOUs that are to be paid
by future taxpayers, which will be your children and
grandchildren. These IOUs are referred to in the media today
as unfunded liabilities.
41. Retirement: Fact or Fiction
The reason you are hearing more and more about these
unfunded liabilities in the news these days is because
local, state and the federal governments are struggling to
balance their budgets and to meet their current and future
obligations, largely because of these IOUs.
42. Retirement: Fact or Fiction
It is not only government entities that are struggling to
figure out how to pay for these unfunded liabilities, many
companies in the private sector are having the same
problems.
The unfunded liability issue was one of the main reasons GM
and Chrysler and many other companies, decided to declare
bankruptcy.
Why mention this during this webinar?
43. Retirement: Fact or Fiction
Although I am sure there will always be some form of Social
Security and company retirement plans, you may find these
will not meet your retirement income expectations.
You may have to supplement your future retirement needs
because retirement benefits from Social Security and from
your company are likely to undergo significant changes in
the future, such as extending the retirement age, limiting
payouts or reducing benefits.
44. Retirement: Fact or Fiction
I am sure your worst nightmare is becoming a part time
minimum waged Wal-Mart Greeter. It happens more often
than you think – it has happened to people I know personally
and to members of my family.
45. Retirement: Fact or Fiction
Changes in future retirement benefits are INEVITABLE
because simple economic principles will eventually prevail
because the current public and private funding process for
future retirement needs is NOT sustainable and will have to
change in the future.
46. Retirement: Fact or Fiction
Smart people today are taking more control of their future
and setting a course now to ensure that their future is
financially secure.
Yet, the big question remains:
“If I want to take more control of your life and career, how
do I go about it?”
47. Three Ways to Improve Your Future
One of the most popular ways individuals today are securing
their future is exploring careers outside of traditional world
employment.
There are three ways to research and explore alternatives to
working for the man:
48. Three Ways to Improve Your Future
1. The “Ask Around and Networking” Approach.
Often, entrepreneurial opportunities are available through
people you know. Never discount how powerful this avenue
can be. Just start to ask around.
49. Three Ways to Improve Your Future
2. The “Walk-around” Approach. Look around and
you’ll be surprised at the number of successful
businesses in your community. Talk to owners of these
businesses and sometimes you’ll find they are planning
to retire or may be ready to move on.
50. New Slide #48:
Three Ways to Improve Your Future
It is important to understand that these first two methods
are NOT a sure fire solution because you may or may not
have a social network that includes entrepreneurially
oriented friends, and if you do, the opportunities that are
available may not coincide with your own time line.
51. Three Ways to Improve Your Future
3. The Proactive Approach. This is the approach that 90%+
of those seeking to make a change in their careers follow.
In today’s “point and click” Internet centric world, there is
an enormous amount of information online on how to start a
business, buy a business, become a franchisee or start a
consulting practice.
In fact, there is so much information online, it can be
overwhelming to know where to begin figuring out if getting
into your own business is right for you.
.
52. The Time2Transition® Process
The Time2Transition® premise is based on one simple
principle – Taking the mystery and risk out of the
entrepreneurial transition process.
53. The Time2Transition® Process
How does the Time2Transition® process work?
There are five steps to the Time2Transition® process that
helps you determine if you should make an entrepreneurial
transition.
54. The Time2Transition® Process
Step #1: Find out if you have an entrepreneurial profile.
Not everyone should be an entrepreneur!
Some people are born to work for someone else. There is
nothing wrong with this. An employee centric personality
profile generally has a limited risk tolerance and little
entrepreneurial aptitude.
Also, there may be financial circumstances, either
temporarily or permanently, that precludes the ability to
pursue anything entrepreneurial – simply put – a paycheck is
needed.
55. The Time2Transition® Process
Step #1 (continued):
One of the first steps in determining whether or not you
have the core aptitude and personality profile to pursue an
entrepreneurial lifestyle is getting an entrepreneurial
personality assessment.
An entrepreneurial profile assessment identifies key
entrepreneurial indicators that naturally exists in your
personality.
The assessment serves as predictors of success in an
entrepreneurial environment.
56. The Time2Transition® Process
Step #2: If you are an entrepreneur, what type of
entrepreneur are you?
There are basically four types of entrepreneurs. The
Time2Transition® process helps identify what type of
entrepreneur you are as well as finding opportunities that
match that type of entrepreneurial profile.
57. The Time2Transition® Process
Step #3: Knowing what to do to succeed.
The Time2Transition® process provides you an
understanding of what you will need to do to succeed as an
entrepreneur.
The process provides the tools needed to deal with the
good, the bad and the ugly of the entrepreneurial business
environment.
58. The Time2Transition® Process
Step #4: Avoiding “newbie” mistakes.
If you decide that you want to consider an entrepreneurial
career, the Time2Transition® process assists you in
identifying the right path, the right business and how to
avoid the expensive pitfalls most “newbie” entrepreneurs
make.
59. The Time2Transition® Process
Step #5: Having a coach is the best insurance you can have.
If you decide the entrepreneurial life is right for
you, whether it is starting, buying, becoming a franchisee or
starting your own consultant practice leveraging your
expertise and experience, we are there to help and coach
you through your transition.
60. The Time2Transition® Process
Just like the American Express slogan of a few years ago :
Never leave home without it.
Similarly, you should NEVER consider leaving your current
career without having an “Entrepreneurial Transition Coach”
help you through the process of making an informed business
decisions on one of the most crucial decisions in life – that of
changing careers and becoming your own boss or just to keep
doing what you are currently doing.
62. Questions & Answers
Question #1:
You mentioned that there is an entrepreneurial
profile available. How does this work?
63. Questions & Answers
Question #2:
Several times in your presentation, you mentioned
franchising. Is buying a franchise better than
starting or buying a business?
64. Questions & Answers
Question #3:
If I have an entrepreneurial profile, how long does it
take to find the right business?
65. Questions & Answers
Question #4:
I am one of the unemployed out there in the market
place today.
From the looks of it, I may not be able to find a job
at the level I had in the past. Should I consider
starting something on my own?