preparing yourself for the new career economy

The Career andEconomy Dilemma!

The Career andEconomy Dilemma!

Preparing yourself for the New Career Economy®

Prepared by Empire Research Group for TES© Copyright 2009 TES Franchise, LLC

AgendaAgenda

• Today’s Job Market

• Preparing for Your Family’s Future

• Protecting Yourself in the New Career Economy

• Alternative Career Options

• The Power of Franchising

American workers face a downward spiral

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.

Our Present EconomyOur Present Economy

• Recession: Defined as two consecutive quarters of decline in real GDP

• Present recession started in December of 2007

• History dictates that average US recessions last 8-10 months– Global recessions last 16-18

months

• Since 1929, 2 have lasted more than a year– Now we have #3

Source: National Bureau of Economic Research (NBER) 12/1/08

Unemployment: A Sign of the TimesUnemployment: A Sign of the Times

• Unemployment is generally a lagging indicator

• Unemployment rate peaked 15 months after ‘90/’91 through month

• Best to worst case scenario: unemployment peaks October 2010 to February 2011

Its time to prepare your self for the

New Career Economy®, because its here!

There’s Good and Bad NewsThere’s Good and Bad News

• Good News: In a typical economy, unemployment rate for people with college degrees is approximately half for those with no degree.

• Bad News: This economy is anything but typical.

As you will learn in today’s presentation, unemployment is expected to skyrocket to over 9%

The time is now to protect yourself in this

New Career Economy®

Areas CoveredAreas Covered

• Current market issues that threaten your family’s security

• Eroding pension funds, Social Security, reactive investments

• Today’s job market: higher stress, dwindling savings

Alternative career options need to be explored


The quest for the good lifeThe quest for the good life

What’s left at the end of the month?What’s left at the end of the month?

• Does your income provide for all of your family’s true needs?

• 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.

- CareerBuilder.com 9/2008

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


Can working a job give you the life you want? Can working a job give you the life you want?

• Nearly all of us must work for a living

• Can working a job finance your family’s dreams?

For most, a reliable career in America is becoming a thing of the past. Why?


“I never thought it would happen to me” “I never thought it would happen to me”

• The number of job cuts is growing at an alarming rate

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.


Employment decay begins to spread across the countryEmployment decay begins to spread across the country

• Even if GM, Ford and Chrysler get federal loans, what is the outlook for workers?

Is your company next in line?


Lengthy unemployment can add to the uncertainty Lengthy unemployment can add to the uncertainty

• Unemployed senior executives among the hardest hit

• Over one-third of employable people have been out of work 6 months or longer

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.


Companies continue to slash health care benefits Companies continue to slash health care benefits

• 1 in 7 Americans have no healthcare benefits

• The majority of those who do are paying more

• Fully paid medical benefits are rare

Where will the extra money come from to pay for good health care?


Still believe in corporate America?Still believe in corporate America?

• Only 10% of all companies meet forecasts in any given quarter

• 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)

• 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.

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.


Pensions plans are becoming extinct Pensions plans are becoming extinct

• Pension plans are under-funded

• 50% of all pension plans have been lost in the past decade

• The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion.

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

The reward of progress? The reward of progress?

More work hours = LESS:

• Leisure time

• Paid vacation

• Sick leave

• Time with loved ones

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.

0

10

20

30

40

50

60

70

80

All married

couples

Married couples

with no children

Married couples

with children

under age 18

Combined work hours of husbands and wives

1969

1979

1989

2000

2004


Building someone else’s wealth?Building someone else’s wealth?

American workers labor longer hours than anyone else in the

industrialized world.

For what?

Are we out of our minds?


“Careers” in the New Career Economy®?“Careers” in the New Career Economy®?

The lifetime of a typical W-2 wage earner:

– 6 to 8 job changes

– at least 3 changes in profession

With every change, you fall farther and farther behind!

Source: Dept. of Labor Statistics, 2000 ; USA Today, 2/9/04


Maybe they should call it Social INSECURITY?Maybe they should call it Social INSECURITY?

• The Social Security system: is it heading for bankruptcy?

• Experts estimate Social Security unable to meet benefits as early as 2018!

• Trustees Reports in 2008 issue a grave warning for Medicare and Social Security

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


What’s your long term forecast? What’s your long term forecast?

• Threats to your family’s future that are completely out of your control

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

There could be a storm on your horizonPrepared by Empire Research Group for TES


Looking the other way is no longer an option 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 awayPrepared by Empire Research Group for TES


Look beyond your circumstancesLook beyond your circumstances

• Traditional jobs can’t deliver the American Dream

• The clock is ticking - how long will you wait?

CONTROLING YOUR OWN DESTINY IS KEY!Prepared by Empire Research Group for TES


Everyone wants to steer their own shipEveryone wants to steer their own ship

• Know your OPTIONS!

• Break free from the traditional employer- employee relationship

• Learn what successful people are doing

Successful people DO steer their own ship


Perhaps it’s time to consider your own business? Perhaps it’s time to consider your own business?

• Successful people work to build their own future, not someone else’s

• What are your options for self-sufficiency?

Source: Campbell, A. Business Failure Rates Highest in First Two Years. 7 Jul 2005. www.smallbiztrends.com. Ret 19 Mar 2006.


What do these companies have in common?What do these companies have in common?

• Hyatt Corp

• Burger King

• IHOP Corp

• The Jim Henson Company

• FedEx Corp

• HP

• Microsoft Corp

• CNN

• MTV Networks

• Wikipedia Foundation Inc

• Sports Illustrated

• GE


Source: http://www.insidecrm.com/features/businesses-started-slump-111108/

What do these companies have in common?What do these companies have in common?

• Hyatt Corp - 1957

• Burger King - 1954

• IHOP Corp - 1958

• The Jim Henson Company - 1958

• FedEx Corp - 1973

• HP – The Great Depression

• Microsoft - 1975

• CNN - 1980

• MTV Networks - 1981

• Wikipedia Foundation Inc- 2001

• Sports Illustrated -1954

• GE – 1876 (6 year recession)

THEY WERE ALL STARTED DURING A RECESSION!


Source: http://www.insidecrm.com/features/businesses-started-slump-111108/

Why most independently-owned small businesses don’t workWhy most independently-owned small businesses don’t work

• Fatal assumptions lead to fatal problems

• Common wisdom says do what you know, love and enjoy

• The fast track from Grand Opening to Liquidation

Source: Michael E. Gerber. The E Myth Revisited.June 2001.


The reality of going it alone: The 2-year guillotineThe reality of going it alone: The 2-year guillotine

The 3 top reasons:

• Under funding / cash flow

• Unrealistic expectations

• Lack of an executable business model

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:

1ST YEAR 85%2ND YEAR 70%3RD YEAR 62%4TH YEAR 55%5TH YEAR 50%6TH YEAR 47%7TH YEAR 44%8TH YEAR 41%9TH YEAR 38%10TH YEAR 35%

1ST YEAR 85%2ND YEAR 70%3RD YEAR 62%4TH YEAR 55%5TH YEAR 50%6TH YEAR 47%7TH YEAR 44%8TH YEAR 41%9TH YEAR 38%10TH YEAR 35%

Source: USA Today, 2004.


Some “F” words to keep in mindSome “F” words to keep in mind

• Frustration

• Fear of Failure

• Financial Constraints

• Family & Friends

Keep your eye on the prize: FINANCIAL FREEDOM

Which “F” word will you base your future on?


Small Business Births and DeathsSmall Business Births and Deaths


Annual Growth Rages:Annual Growth Rages:


Who will lead us to a better future?Who will lead us to a better future?


The alternative to going it alone:find a TEAM to support you The alternative to going it alone:find a TEAM to support you

• Millionaires are usually "team-made"

• A good wealth team should consist of the following key players:– Mentors who act as active

coaches– Like-minded, supportive, wealth

builders and visionariesWhere 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.


Business coaches make excellent team partners Business coaches make excellent team partners

• Leadership Coaching

• Sales Coaching

• Turnaround Coaching

• Personal Coaching

• Business to Business Coaching

• Career Coaching

Source: 1Zarhosky, D. 10 Best Small Business Opportunities For 2005. / 2Gonzalez, A. Business leaders choosing coaching to gain an edge. 2 Aug 2005..


Franchising:the trillion-dollar business option Franchising:the trillion-dollar business option

The team concept in action

Source: Green Sheet Publications. Industry Update: Bottom Lines. www.greensheet.com. Ret 2 Apr 2006.

Source: The International Franchise Association , 2005.


Meeting your goals, needs & expectationsMeeting your goals, needs & expectations

Four crucial steps:

• Define your goals

• Map your course

• Build a winning team

• Explore your options

Your business is the vehicle that will take you there.


Summary Summary

• There many dangers and threats to your family’s security

• We can no longer just look the other way

• You owe it to yourself to explore your options – TODAY!

• Information is one of the keys to your future

• Franchising manages the risk of business ownership

• Partnering with a coach is critical


Next Steps Next Steps

Thank you for allowing us to share this information with you. • Continue the process of exploring your options

• Follow-up with whomever invited you to the presentation

• Take some time to consider your Goals, Needs and Expectations

Take the next step towards protecting your future… today!

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!

preparing yourself for the new career economy

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