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Trends in The Business World: Entrepreneur, Franchise, or Stay The Course

Trends in The Business World: Entrepreneur, Franchise, or Stay The Course. Current hiring trends Starting Your Own Business Why Executives Thrive in Franchising. Change: No One Ever Said It Was Easy. WHO’S IN THE AUDIENCE?. Give me a brief overview of your career, job search,

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Trends in The Business World: Entrepreneur, Franchise, or Stay The Course

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  1. Trends in The Business World:Entrepreneur, Franchise, or Stay The Course

    Current hiring trends Starting Your Own Business Why Executives Thrive in Franchising
  2. Change: No One Ever Said It Was Easy
  3. WHO’S IN THE AUDIENCE? Give me a brief overview of your career, job search, and the reason you are here today.
  4. EMPLOYMENT… FINDING THE RIGHT JOB
  5. DOES JOB SECURITY EXIST? This visual shows us what job seekers have been experiencing for the past six recessions. Franchising has survived every recession. The question is: what is your Plan B?
  6. You Have To Do SOMETHING….
  7. MORE ARE…CREATING EXIT STRATEGIES ?
  8. WHERE ARE YOU? Where do you want to be? What will provide the lifestyle and the future you desire?
  9. Do you want to find a new job? Do you have the skills to adapt? Would you like to call the shots? If you knew how, would you do something different? To quote Warren Buffett: “Observe the masses… then do the opposite.”
  10. You have the chance to change your future “If you see a fork in the road . . . take it.” -- Yogi Berra
  11. How Important is Franchising? 2012 Data from Price Waterhouse Study 747,000 franchised establishments 1.5% growth over 2011 $769 Billion in direct output 4.9% growth over 2011 8.1 Million Jobs 2.1% growth over 2011 Employ more people than all manufacturing of durable goods in USA. $94,000 in direct Output per Employee.
  12. Why Not Take Control?Are you a Leader? There has never been a better time to think about owning a franchise. Franchising is the most successful marketing concept – ever. John Nesbitt Author of MegaTrends
  13. What Skills Do I Need To Start A Business? Fire in the Belly Properly Capitalized Confident, Passionate, Goal-Oriented See Opportunity… Be an Agent For Change Leader and Decision Maker Risk Taker Competitive Wants to be CEO, COO, not a worker-bee Would rather CREATE… jobs, income, opportunity
  14. Success Rate of Franchises vs. Independent Start-Ups Why do Independents struggle more?
  15. Gold-Standard Franchises Provide All This A proven model 2. Comprehensive Training 3. Operations & Training Manuals 4. Business Management Software 5. Established Website presence 6. Tech Support / Intranet 7. Marketing Tools & Techniques 8. Group Buying Power 9. Brand Recognition 10. Identifiable Expenses 11. Competition, Industry, and Technology Updates 12. Opening / Ongoing Guidance & Support 13. Annual Conferences, Regional Meetings 14. Franchising offers a network of owners LIKE YOU
  16. CHOOSE WISELY
  17. Franchise Attorney’s Checklist Read the FDD completely and ask questions Items 5, 7, 19: costs and profitability across system Item 2: Executive leadership worthy of following Item 3: Legal integrity Employee population readily available Recession resistant, not a fad Nationwide market appeal Proper demographics in territory for growth Ongoing R&D to stay current Concern for franchisee… inverse leadership triangle Training, initial and ongoing Advisory Council of franchise owners
  18. Work with an expert in franchising NOT a broker: I Educate, Navigate, Illuminate 20 years hands-on industry knowledge and insights Personally know Founders/Leaders in different industry segments FREE guided investigation , objective research Make Best Matches, Create the Introductions Our partners are Low Investment, High ROI, Conservative Financial minimums $75k liquid/$200k net worth Peripheral resources include legal, financial, insurance, RE 8-12+ weeks of Due Diligence: weekly calls to identify work done, next steps, and prepare a business plan Discovery Day, Decision… Is it the right fit?
  19. Trends for 2014 Fitness Health Services Financial Services Senior Care Adapted Living Spaces Spa Services Tutoring Children’s Enrichment Child Care/Nanny Services Ethnic Services/Food "Despite the headwinds facing small businesses, the franchise industry is still growing at a faster pace than the overall economy, signaling the strength of the franchise business model," said IFA President and CEO Steve Caldeira.
  20. Who Succeeds As An Owner?
  21. Real people just like you….who took the leap…
  22. COMMON FAQs Can I really do this AND have a job? Do I really need a franchise, can’t I do it myself? How many locations do I need to make good money? Is the market saturated already? How can your expertise really be FREE? Common Myth that Franchising = Food What is the Income Potential? Are there good existing businesses for sale? I don’t know how to do that! Or… I don’t want to do that! Can I retire someday? How much money will I get if I want to sell? WILL I BE HAPPIER HERE, VERSUS WHERE I AM NOW?
  23. Are You Ready To Take The Next Step ? Meg@MegSchmitz.comwww.linkedin.com/in/megschmitz847-581-9101
  24. FEAR, and the REALITY OF Change Management
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