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Preparing Yourself for the New Career Economy

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Preparing Yourself for the New Career Economy

  1. 1. The Career and Economy Dilemma! Preparing yourself for the New Career Economy ® Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  2. 2. Agenda <ul><li>Today’s Job Market </li></ul><ul><li>Preparing for Your Family’s Future </li></ul><ul><li>Protecting Yourself in the New Career Economy </li></ul><ul><li>Alternative Career Options </li></ul><ul><li>The Power of Franchising </li></ul>
  3. 3. American workers face a downward spiral The job market is changing. Worker’s face an uncertain future. The time is now to explore your options.
  4. 4. Our Present Economy <ul><li>Recession: Defined as two consecutive quarters of decline in real GDP </li></ul><ul><li>Present recession started in December of 2007 </li></ul><ul><li>History dictates that average US recessions last 8-10 months </li></ul><ul><ul><li>Global recessions last 16-18 months </li></ul></ul><ul><li>Since 1929, 2 have lasted more than a year </li></ul><ul><ul><li>Now we have #3 </li></ul></ul>Source: National Bureau of Economic Research (NBER) 12/1/08
  5. 5. Unemployment: A Sign of the Times <ul><li>Unemployment is generally a lagging indicator </li></ul><ul><li>Unemployment rate peaked 15 months after ‘90/’91 through month </li></ul><ul><li>Best to worst case scenario: unemployment peaks October 2010 to February 2011 </li></ul><ul><li>Its time to prepare your self for the </li></ul><ul><li>New Career Economy ® , because its here! </li></ul>
  6. 6. There’s Good and Bad News <ul><li>Good News : In a typical economy, unemployment rate for people with college degrees is approximately half for those with no degree. </li></ul><ul><li>Bad News : This economy is anything but typical. </li></ul><ul><li>As you will learn in today’s presentation, unemployment is expected to skyrocket to over 9% </li></ul><ul><li>The time is now to protect yourself in this </li></ul><ul><li>New Career Economy ® </li></ul>
  7. 7. Areas Covered <ul><li>Current market issues that threaten your family’s security </li></ul><ul><li>Eroding pension funds, Social Security, reactive investments </li></ul><ul><li>Today’s job market: higher stress, dwindling savings </li></ul>Alternative career options need to be explored Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  8. 8. The quest for the good life
  9. 9. What’s left at the end of the month? <ul><li>Does your income provide for all of your family’s true needs? </li></ul><ul><li>Nearly half of all workers (47%) say they always or usually live paycheck to paycheck just to make ends meet., up from 43% last year. </li></ul><ul><li>- CareerBuilder.com 9/2008 </li></ul>Source: DeGraff, John. Affluenza: The All-Consuming Epidemic. San Francisco: Berrett-Koehler Publishers. 2003. “ In this economic climate, more of us are struggling to pay the bills, buy groceries and fill our gas tanks.” - Kiplinger.com October 2008 Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  10. 10. Can working a job give you the life you want? <ul><li>Nearly all of us must work for a living </li></ul><ul><li>Can working a job finance your family’s dreams? </li></ul>For most, a reliable career in America is becoming a thing of the past. Why? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  11. 11. “ I never thought it would happen to me” <ul><li>The number of job cuts is growing at an alarming rate </li></ul>The unemployment rate spiked to 6.5 percent from 6.1 percent, the highest level since 1994. Many analysts now expect unemployment will reach 8 percent by the middle of next year. - New York Times; October 2008 Source: Bourne, J. You Are More Likely To Be Laid-Off Now, Than Anytime Since the Great Depression. 24 Aug 2004. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  12. 12. Employment decay begins to spread across the country <ul><li>Even if GM, Ford and Chrysler get federal loans, what is the outlook for workers? </li></ul>Is your company next in line? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  13. 13. Lengthy unemployment can add to the uncertainty <ul><li>Unemployed senior executives among the hardest hit </li></ul><ul><li>Over one-third of employable people have been out of work 6 months or longer </li></ul>And the longer it goes, the more the bills pile up! Source: Albietta, S. Unemployment rate and long-term unemployment continue to diverge. 18 May 2005. www.epi.org. Ret 22 Mar 2006. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  14. 14. Companies continue to slash health care benefits <ul><li>1 in 7 Americans have no healthcare benefits </li></ul><ul><li>The majority of those who do are paying more </li></ul><ul><li>Fully paid medical benefits are rare </li></ul>Where will the extra money come from to pay for good health care? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  15. 15. Still believe in corporate America? <ul><li>Only 10% of all companies meet forecasts in any given quarter </li></ul><ul><li>The default rate for issuers of U.S. corporate junk bonds is expected to “catapult” to an all-time high of 13.9% by December 2009. (S&P 1/2009) </li></ul><ul><li>The OC Watchdog Blog has reported that American International Group corporate executives, and representatives of various AIG subsidiaries, were partying in style just 2 weeks after taxpayers bailed out the insurance corporation for $85 billion . </li></ul>Source: Salas, C. Hertz, Clear Channel Among $88 Billion Falling Into Junk Market. Bloomberg. 15 Oct 2005. http://quote.bloomberg.com. Ret 15 Mar 2006. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  16. 16. Pensions plans are becoming extinct <ul><li>Pension plans are under-funded </li></ul><ul><li>50% of all pension plans have been lost in the past decade </li></ul><ul><li>The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion. </li></ul>Source: Isidore, C. / How plans took a hit, and the changes being proposed; is your money at risk? 17 Mar 2006. http://money.cnn.com. Ret 17 Mar 2006. Are pensions something only our grandparents could rely on? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  17. 17. The reward of progress? <ul><li>More work hours = LESS : </li></ul><ul><li>Leisure time </li></ul><ul><li>Paid vacation </li></ul><ul><li>Sick leave </li></ul><ul><li>Time with loved ones </li></ul>Longer work days. And for what? Source: Anderson, P. Study: U.S. employees put in most hours. CNN.com 31 Aug 2001. http://archives.cnn.com. Ret 15 Mar 2006. Source: American Time-Use Survey, BLS, 2004. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  18. 18. Building someone else’s wealth? <ul><li>American workers labor longer hours than anyone else in the industrialized world. </li></ul><ul><li>For what? </li></ul>Are we out of our minds? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  19. 19. “ Careers” in the New Career Economy ® ? <ul><li>The lifetime of a typical W-2 wage earner: </li></ul><ul><ul><li>6 to 8 job changes </li></ul></ul><ul><ul><li>at least 3 changes in profession </li></ul></ul>With every change, you fall farther and farther behind! Source: Dept. of Labor Statistics, 2000 ; USA Today, 2/9/04 Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  20. 20. Maybe they should call it Social INSECURITY? <ul><li>The Social Security system: is it heading for bankruptcy? </li></ul><ul><li>Experts estimate Social Security unable to meet benefits as early as 2018! </li></ul><ul><li>Trustees Reports in 2008 issue a grave warning for Medicare and Social Security </li></ul>Source: www.icr.com. Social Security System In Trouble, Say Americans. 16 Feb 2005. www.icrsurvey.com. Ret 22 Mar 2006. Source: www.masoncontractors.org, 2006. Will Social Security be there for you? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  21. 21. What’s your long term forecast? <ul><li>Threats to your family’s future that are completely out of your control </li></ul>There could be a storm on your horizon Colossal consumer debt Longer work, less money Company downsizing Enormous corporate bankruptcies Lengthy lay-offs Massive pension deficits The elimination of benefits Social Security insolvency Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  22. 22. Looking the other way is no longer an option Source: www.breitbart.com. United States of Angst: Americans stressed, depressed, polls show. 28 Dec 2005. http://www.breitbart.com. Ret 25 Mar 2006. Denial won’t make the problems go away Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  23. 23. Look beyond your circumstances <ul><li>Traditional jobs can’t deliver the American Dream </li></ul><ul><li>The clock is ticking - how long will you wait? </li></ul>CONTROLING YOUR OWN DESTINY IS KEY! Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  24. 24. Everyone wants to steer their own ship <ul><li>Know your OPTIONS! </li></ul><ul><li>Break free from the traditional employer- employee relationship </li></ul><ul><li>Learn what successful people are doing </li></ul>Successful people DO steer their own ship Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  25. 25. Perhaps it’s time to consider your own business? <ul><li>Successful people work to build their own future, not someone else’s </li></ul><ul><li>What are your options for self-sufficiency? </li></ul>Source: Campbell, A. Business Failure Rates Highest in First Two Years. 7 Jul 2005. www.smallbiztrends.com. Ret 19 Mar 2006. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  26. 26. What do these companies have in common? <ul><li>Hyatt Corp </li></ul><ul><li>Burger King </li></ul><ul><li>IHOP Corp </li></ul><ul><li>The Jim Henson Company </li></ul><ul><li>FedEx Corp </li></ul><ul><li>HP </li></ul><ul><li>Microsoft Corp </li></ul><ul><li>CNN </li></ul><ul><li>MTV Networks </li></ul><ul><li>Wikipedia Foundation Inc </li></ul><ul><li>Sports Illustrated </li></ul><ul><li>GE </li></ul>Source: http://www.insidecrm.com/features/businesses-started-slump-111108/ Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  27. 27. What do these companies have in common? <ul><li>Hyatt Corp - 1957 </li></ul><ul><li>Burger King - 1954 </li></ul><ul><li>IHOP Corp - 1958 </li></ul><ul><li>The Jim Henson Company - 1958 </li></ul><ul><li>FedEx Corp - 1973 </li></ul><ul><li>HP – The Great Depression </li></ul><ul><li>Microsoft - 1975 </li></ul><ul><li>CNN - 1980 </li></ul><ul><li>MTV Networks - 1981 </li></ul><ul><li>Wikipedia Foundation Inc- 2001 </li></ul><ul><li>Sports Illustrated - 1954 </li></ul><ul><li>GE – 1876 (6 year recession) </li></ul>THEY WERE ALL STARTED DURING A RECESSION! Source: http://www.insidecrm.com/features/businesses-started-slump-111108/ Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  28. 28. Why most independently-owned small businesses don’t work <ul><li>Fatal assumptions lead to fatal problems </li></ul><ul><li>Common wisdom says do what you know, love and enjoy </li></ul><ul><li>The fast track from Grand Opening to Liquidation </li></ul>Source: Michael E. Gerber. The E Myth Revisited.June 2001. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  29. 29. The reality of going it alone: The 2-year guillotine <ul><li>The 3 top reasons: </li></ul><ul><li>Under funding / cash flow </li></ul><ul><li>Unrealistic expectations </li></ul><ul><li>Lack of an executable business model </li></ul>Source: Campbell, A. Business Failure Rates Highest in First Two Years. 7 Jul 2005. www.smallbiztrends.com. Ret 19 Mar 2006. “ I-Had-No-Idea-How-Hard-It-Would-Be” survival rates of businesses according to M.I.T. business expert David Birch: Source: USA Today, 2004. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  30. 30. Some “F” words to keep in mind <ul><ul><li>Frustration </li></ul></ul><ul><ul><li>Fear of Failure </li></ul></ul><ul><ul><li>Financial Constraints </li></ul></ul><ul><ul><li>Family & Friends </li></ul></ul><ul><li>Keep your eye on the prize: FINANCIAL FREEDOM </li></ul>Which “F” word will you base your future on? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  31. 31. Small Business Births and Deaths Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  32. 32. Annual Growth Rages: Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  33. 33. Who will lead us to a better future? Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  34. 34. The alternative to going it alone: find a TEAM to support you <ul><li>Millionaires are usually &quot;team-made&quot; </li></ul><ul><li>A good wealth team should consist of the following key players: </li></ul><ul><ul><li>Mentors who act as active coaches </li></ul></ul><ul><ul><li>Like-minded, supportive, wealth builders and visionaries </li></ul></ul>Where can you go to find such a team? Source: Langemeier, L. If You Want to Become Wealthy, You Need a Good Wealth Team. 17 Jan 2006.http://searchwarp.com. Ret 25 Mar 2006. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  35. 35. Business coaches make excellent team partners <ul><li>Leadership Coaching </li></ul><ul><li>Sales Coaching </li></ul><ul><li>Turnaround Coaching </li></ul><ul><li>Personal Coaching </li></ul><ul><li>Business to Business Coaching </li></ul><ul><li>Career Coaching </li></ul>Source: 1Zarhosky, D. 10 Best Small Business Opportunities For 2005. / 2Gonzalez, A. Business leaders choosing coaching to gain an edge. 2 Aug 2005.. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  36. 36. Franchising: the trillion-dollar business option <ul><li>The team concept in action </li></ul>Source: Green Sheet Publications. Industry Update: Bottom Lines. www.greensheet.com. Ret 2 Apr 2006. Source: The International Franchise Association , 2005. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  37. 37. Meeting your goals, needs & expectations <ul><li>Four crucial steps: </li></ul><ul><li>Define your goals </li></ul><ul><li>Map your course </li></ul><ul><li>Build a winning team </li></ul><ul><li>Explore your options </li></ul>Your business is the vehicle that will take you there. Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  38. 38. Summary <ul><li>There many dangers and threats to your family’s security </li></ul><ul><li>We can no longer just look the other way </li></ul><ul><li>You owe it to yourself to explore your options – TODAY! </li></ul><ul><li>Information is one of the keys to your future </li></ul><ul><li>Franchising manages the risk of business ownership </li></ul><ul><li>Partnering with a coach is critical </li></ul>Prepared by Empire Research Group for TES © Copyright 2009 TES Franchise, LLC
  39. 39. Next Steps <ul><li>Thank you for allowing us to share this information with you. </li></ul><ul><li>Continue the process of exploring your options </li></ul><ul><li>Follow-up with whomever invited you to the presentation </li></ul><ul><li>Take some time to consider your Goals, Needs and Expectations </li></ul>
  40. 40. Take the next step towards protecting your future… today! Visit www.EsourceCoach.com/samell www.FranchiseMatch.com/samell URL to learn more or call: 813-971-9411 This is an informational seminar only and should not be considered a franchise offering. Thank you for your time!

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