is it your time to transition?

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 Business CEO VP Marketing

CFOEntrepreneurship

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

ConsultantSelf Employment New Career Leadership Business

CIO Be Your Own Boss Franchising Nurse Technician Entrepreneur Technician Professional 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 Business CEO

CFOEntrepreneurship

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

ConsultantSelf Employment New Career Leadership Business

CIO Be Your Own Boss Franchising Nurse Technician Entrepreneur Technician Personal Trainer Paralegal Business Coaching

Taking the Mystery and Risk Out

of the Entrepreneurial Transition Process

House Keeping Items:

Loss of Internet Connectivity



Call will be muted to remove background noise



Submission of questions via chat box




Submission of questions via chat box


Webinar will last for 20-30 minutes

Marvin L. Storm, CFE

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







Provide leasing services to franchise companies

Franchising – An Intriguing Alternative







Franchising – An Intriguing Alternative.

Unit/Multi-Unit Franchise









Regional Franchisee-Recruits-Trains-Opens & provides ongoing support








Regional Franchisee


More Transitions:

More Transitions: Acquired franchisor


Re-launched franchise growth

Formed new franchise company

Formed a franchise technology company


Time to Exit

More Transitions: Acquired Franchisor

Time to Exit

Time to Kick Back?

The Launching of Time2Transition®


Transitioning from Employee to Entrepreneur

- A Road Map For Aspiring Entrepreneurs


Transitioning from Employee to Entrepreneur

- A Road Map For Aspiring Entrepreneurs

Entrepreneurial Consultancy Launched

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.

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.

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?”

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.

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?

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.

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.

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.

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.”

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.

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.

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.

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?

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.


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.


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?


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.


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.


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.


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?”

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:


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.


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.


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.

New Slide #48:


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® Process

The Time2Transition® premise is based on one simple principle – Taking the mystery and risk out of the entrepreneurial transition 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.


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.


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.


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.


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.


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.


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.


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.

Questions & Answers

Questions & Answers

Question #1:

You mentioned that there is an entrepreneurial profile available. How does this work?

Questions & Answers

Question #2:

Several times in your presentation, you mentioned franchising. Is buying a franchise better than starting or buying a business?

Questions & Answers

Question #3:

If I have an entrepreneurial profile, how long does it take to find the right business?

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?

Questions & Answers

Final Question:

What is the next step?

Final Thought

Pearl of Wisdom:

What the mind can conceive and believe the mind will achieve.

That’s a Wrap

is it your time to transition?

Business

house keeping items

deloitte touche started

storm began career

internet connectivity call

equipment leasing business

intriguing alternative unit multi

acquired franchisor time

career path