Is it Your Time To Transition?
Upcoming SlideShare
Loading in...5
×
 

Is it Your Time To Transition?

on

  • 163 views

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 ...

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.

Statistics

Views

Total Views
163
Views on SlideShare
163
Embed Views
0

Actions

Likes
0
Downloads
2
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”
  • Marvin Here is a Blank Template: To add more tiles/slides drop down the “New Slide” and click on “Duplicated Selected Slides”

Is it Your Time To Transition? Is it Your Time To Transition? Presentation Transcript

  • Self Employment New Career Path VP Human Resources Research PhD Entrepreneurship Start a BusinessAttorney CPA Self Employment Controller Retirement Franchising Senior Executive Change Careers New Career Path Become a Franchisee Buy a BusinessCEO VP Marketing CFOEntrepreneurship Self Employment VP Operations Business Contractor Self Employment Semi-retirementFranchising MBA Executive Career Opportunities Career Path Physician MPA Buy A Franchise Start A Business PhDElectrician Physician1 CFO Business Coaching Certified Expert ConsultantSelf Employment New Career Leadership BusinessCIO Be Your Own Boss Franchising Nurse Technician Entrepreneur TechnicianProfessional Paralegal Business Coaching
  • Self Employment New Career Path VP Human Resources Research PhD Entrepreneurship Start a BusinessAttorney CPA Self Employment Controller Retirement Franchising Senior Executive Change Careers New Career Path Become a Franchisee Buy a BusinessCEO CFOEntrepreneurship Self Employment VP Operations Taking the Mystery and Risk Out Business Contractor Self Employment Semi-retirement of theFranchising MBA Entrepreneurial Transition Process Executive Career Path Career Opportunities Physician MPA Buy A Franchise Start A Business PhDElectrician Physician1 CFO Business Coaching Certified Expert ConsultantSelf Employment New Career Leadership BusinessCIO Be Your Own Boss Franchising Nurse Technician Entrepreneur TechnicianPersonal Trainer Paralegal Business Coaching
  • House Keeping Items: Loss of Internet Connectivity
  • House Keeping Items: Loss of Internet Connectivity  Call will be muted to remove background noise
  • House Keeping Items: Loss of Internet Connectivity  Call will be muted to remove background noise  Submission of questions via chat box
  • 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
  • Marvin L. Storm, CFE
  • The Transitional Career of Marvin L. Storm
  • The Transitional Career of Marvin L. Storm  Began Career with Deloitte Touche
  • The Transitional Career of Marvin L. Storm  Began Career with Deloitte Touche  Started an equipment leasing business
  • The Transitional Career of Marvin L. Storm  Began Career with Deloitte Touche  Started an equipment leasing business  A steep and expensive learning curve
  • 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 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
  • 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
  • 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
  • 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
  • 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
  • More Transitions:
  • More Transitions:  Acquired franchisor
  • More Transitions:  Acquired franchisor  Re-launched franchise growth  Formed new franchise company  Formed a franchise technology company
  • More Transitions:  Acquired franchisor  Time to Exit
  • More Transitions:  Acquired Franchisor  Time to Exit  Time to Kick Back?
  • The Launching of Time2Transition ®
  • The Launching of Time2Transition ® Transitioning from Employee to Entrepreneur - A Road Map For Aspiring Entrepreneurs
  • The Launching of Time2Transition ®Transitioning from Employee to Entrepreneur - A Road Map For Aspiring Entrepreneurs  Entrepreneurial Consultancy Launched
  • The World We Live in Is Constantly ChangingThe world in which we live has changed dramatically duringthe last few years. Today many people are re-evaluating theirfutures because they have been or may soon be downsized orbecause of other changes in their lives.
  • The World We Live in Is Constantly ChangingWhat you will learn in this webinar could literally change yourlife and help you avoid mistakes that could literally ruin youfinancially.At a minimum, this session will provide you with a betterunderstanding of your entrepreneurial profile.It may even be that you will decide that you really aresomeone that just needs to find your next job/career vs.seriously considering life as an entrepreneur.
  • Turning Back the ClockLet’s turn the clock back to when you were a kid. As you weregrowing up, how many times were you asked, “What do youwant to be when you grow up?”
  • 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 demeanthese career choices.However, the point I am trying to make is that our societyprepares each of us to work for someone else.
  • Conditioned From a Young Age!This subliminal preparation starts even before you begin schooland continues right through college or a trade school where acareer counselor coaches you on what course of study youshould pursue.Why?
  • To Prepare You To Get a Job and Make a LivingWhy? To Prepare You To Get a Job and Make a Living.After getting your first job, your main focus is to learn how tobe a model employee.Getting an education and a preparing for a job is good path tofollow and I totally support of education but the point I wantto make is that for most of our lives each of us were preparedto work for someone else.
  • Gone Are the Days…..However, gone are the days of working for the same companyin your entire career, receiving promotions for your hardwork, having job security, medical benefits and getting thegold watch at a banquet held in your honor after years ofdedicated service to the company.
  • The “Pink Slip”The new reality is often getting a surprise email or beinghanded a “pink slip” announcing to the world that in spite ofall of your dedicated hard work and contributions to thecompany over the years your services are no longer needed.
  • Or, Maybe…Or, maybe you are still employed but because so many ofyour co-workers have been laid off your work load hasdoubled while your salary remains the same.To add insult to injury, the attitude of your boss is, “You’relucky to have a job so stop complaining and get back towork.”
  • Or, Maybe….Or, maybe the “Peter Principle” is alive and well at work andyour boss is a text book example of this concept.Never heard of or you don’t remember what the “PeterPrinciple is all about?Let me tell you a little more about it and see if this soundsfamiliar.
  • The Peter PrincipleYears ago, Dr. Laurence Peters and Raymond Hull penned alandmark book that postulated that in most organizationsmanagers are promoted as they perform their workcompetently.Sooner or later some are promoted to a position at whichthey are no longer competent, and there they remain, beingunable to earn further promotions because they havereached the level of their incompetency.Now, the real work is being accomplished by others whohave to find ways to subtly "manage" their superiors in orderto limit the damage that they end up doing.
  • Does this sound familiar and apply to your world?Perhaps your boss is competent but is just a “jerk” to workfor because he is unreasonable, unpleasant and ungrateful.Now you’re finding it hard to get out of bed in the morningbecause you to have to deal with your moronic boss.
  • Regardless of the reasons……Is it time to think about transitioning from the world oftraditional employment to a more entrepreneurialenvironment where YOU call the shots, benefits from theresults of your hard work, are paid for what YOU do vs. whatsomeone else thinks you deserve, and finally being able tocontrol YOUR lifestyle and future?Still not convinced that you need to start thinking about ataking more control of your life?
  • Retirement: Fact or Fiction
  • Retirement: Fact or FictionIf only that were true.Actually, your Social Security Trust fund has zero cash init, that’ right ZERO cash.The ONLY assets in this fund are the IOUs that are to be paidby future taxpayers, which will be your children andgrandchildren. These IOUs are referred to in the media todayas unfunded liabilities.
  • Retirement: Fact or FictionThe reason you are hearing more and more about theseunfunded liabilities in the news these days is becauselocal, state and the federal governments are struggling tobalance their budgets and to meet their current and futureobligations, largely because of these IOUs.
  • Retirement: Fact or FictionIt is not only government entities that are struggling tofigure out how to pay for these unfunded liabilities, manycompanies in the private sector are having the sameproblems.The unfunded liability issue was one of the main reasons GMand Chrysler and many other companies, decided to declarebankruptcy.Why mention this during this webinar?
  • Retirement: Fact or FictionAlthough I am sure there will always be some form of SocialSecurity and company retirement plans, you may find thesewill not meet your retirement income expectations.You may have to supplement your future retirement needsbecause retirement benefits from Social Security and fromyour company are likely to undergo significant changes inthe future, such as extending the retirement age, limitingpayouts or reducing benefits.
  • Retirement: Fact or FictionI am sure your worst nightmare is becoming a part timeminimum waged Wal-Mart Greeter. It happens more oftenthan you think – it has happened to people I know personallyand to members of my family.
  • Retirement: Fact or FictionChanges in future retirement benefits are INEVITABLEbecause simple economic principles will eventually prevailbecause the current public and private funding process forfuture retirement needs is NOT sustainable and will have tochange in the future.
  • Retirement: Fact or FictionSmart people today are taking more control of their futureand setting a course now to ensure that their future isfinancially secure.Yet, the big question remains:“If I want to take more control of your life and career, how do I go about it?”
  • Three Ways to Improve Your FutureOne of the most popular ways individuals today are securingtheir future is exploring careers outside of traditional worldemployment.There are three ways to research and explore alternatives toworking for the man:
  • Three Ways to Improve Your Future1. The “Ask Around and Networking” Approach.Often, entrepreneurial opportunities are available throughpeople you know. Never discount how powerful this avenuecan be. Just start to ask around.
  • Three Ways to Improve Your Future2. The “Walk-around” Approach. Look around andyou’ll be surprised at the number of successfulbusinesses in your community. Talk to owners of thesebusinesses and sometimes you’ll find they are planningto retire or may be ready to move on.
  • 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.
  • 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..
  • The Time2Transition® ProcessThe Time2Transition® premise is based on one simpleprinciple – Taking the mystery and risk out of theentrepreneurial transition process.
  • The Time2Transition® ProcessHow does the Time2Transition® process work?There are five steps to the Time2Transition® process thathelps you determine if you should make an entrepreneurialtransition.
  • The Time2Transition® ProcessStep #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 isnothing wrong with this. An employee centric personalityprofile generally has a limited risk tolerance and littleentrepreneurial aptitude.Also, there may be financial circumstances, eithertemporarily or permanently, that precludes the ability topursue anything entrepreneurial – simply put – a paycheck isneeded.
  • The Time2Transition® ProcessStep #1 (continued):One of the first steps in determining whether or not youhave the core aptitude and personality profile to pursue anentrepreneurial lifestyle is getting an entrepreneurialpersonality assessment.An entrepreneurial profile assessment identifies keyentrepreneurial indicators that naturally exists in yourpersonality.The assessment serves as predictors of success in anentrepreneurial environment.
  • The Time2Transition® ProcessStep #2: If you are an entrepreneur, what type ofentrepreneur are you?There are basically four types of entrepreneurs. TheTime2Transition® process helps identify what type ofentrepreneur you are as well as finding opportunities thatmatch that type of entrepreneurial profile.
  • The Time2Transition® ProcessStep #3: Knowing what to do to succeed.The Time2Transition® process provides you anunderstanding of what you will need to do to succeed as anentrepreneur.The process provides the tools needed to deal with thegood, the bad and the ugly of the entrepreneurial businessenvironment.
  • The Time2Transition® ProcessStep #4: Avoiding “newbie” mistakes.If you decide that you want to consider an entrepreneurialcareer, the Time2Transition® process assists you inidentifying the right path, the right business and how toavoid the expensive pitfalls most “newbie” entrepreneursmake.
  • The Time2Transition® ProcessStep #5: Having a coach is the best insurance you can have.If you decide the entrepreneurial life is right foryou, whether it is starting, buying, becoming a franchisee orstarting your own consultant practice leveraging yourexpertise and experience, we are there to help and coachyou through your transition.
  • The Time2Transition® ProcessJust like the American Express slogan of a few years ago : Never leave home without it.Similarly, you should NEVER consider leaving your currentcareer without having an “Entrepreneurial Transition Coach”help you through the process of making an informed businessdecisions on one of the most crucial decisions in life – that ofchanging careers and becoming your own boss or just to keepdoing what you are currently doing.
  • Questions & Answers
  • Questions & AnswersQuestion #1:You mentioned that there is an entrepreneurialprofile available. How does this work?
  • Questions & AnswersQuestion #2:Several times in your presentation, you mentionedfranchising. Is buying a franchise better thanstarting or buying a business?
  • Questions & AnswersQuestion #3:If I have an entrepreneurial profile, how long does ittake to find the right business?
  • Questions & AnswersQuestion #4:I am one of the unemployed out there in the marketplace today.From the looks of it, I may not be able to find a jobat the level I had in the past. Should I considerstarting something on my own?
  • Questions & AnswersFinal Question:What is the next step?
  • Final ThoughtPearl of Wisdom:What the mind can conceive and believe the mindwill achieve.
  • That’s a Wrap