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The Entrepreneur’s Source Reviews The Battered Career Syndrome Solution

The Entrepreneur’s Source Reviews How to Overcome Battered Career Syndrome®

 

For many Americans, thinking about retirement instills a sense of anxiety. According to a study by Wells Fargo, nearly half (48 percent) of middle-class Americans in their 50s report that they don’t believe they have enough money to “survive” once retired. Similarly, a surprising 19 percent of these respondents report having saved no money for retirement at all.

Due to this issue and the constantly changing American economy, workplace satisfaction surveys point an even glummer employment picture, translating into an epidemic of Battered Career Syndrome. Today, The Entrepreneur’s Source reviews Battered Career Syndrome and how Americans can overcome it through franchise ownership.

What is Battered Career Syndrome®?
Individuals who face Battered Career Syndrome face little to no job security and high employee turnover. Many of these people have been through two, three, or four jobs within just a short period of time while others have been out of a job for six months or longer. Because these individuals have been out of work for an extensive time or have bounced from position to position, it has become increasingly harder for them to find opportunities.

Founder of The Entrepreneurs Source® Terry Powell explains that Battered Career Syndrome is a common reality for many American employees.

Battered Career Syndrome® means being subjected to the frustration of turning to the next career path in the company you work for, and then being downsized, right-sized or let go, and then having to start over again,” said The Entrepreneur’s Source Terry Powell. “It is when you find out your job has been outsourced, disappeared, or that the company has cut back. Battered Career Syndrome®  is something that exists in a very large percentage of employment situations today.”

Although the American economy and job market may be forever changed and although Battered Career Syndrome®  paints a gloomy picture for the future of American employment, there is a way to overcome it: Franchise ownership.

The Battered Career Syndrome®  Solution: Franchise Ownership
The New Career Economy®  has been a progression over several years, and has not only created a change in the job market but also in the way people are reacting to it. For those individuals suffering from Battered Career Syndrome®  and have had enough with The New Career Economy® , then franchise ownership may be a viable solution.

Franchise ownership allows individuals to become self-sufficient and to move away from depending on the job market for employment and career satisfaction. When an individual decides to invest in a franchise opportunity, then they are choosing to step up and take control of their professional calling. Rather than having someone dictate their professional future, they are taking a hold of it themselves.

How The Entrepreneur’s Source®  Can Help
Many individuals looking to move from Employment to Empowerment®  and ridding themselves of Battered Career Syndrome don’t know where to start. These individuals are encouraged to consult with an alternative career coach to help them through The Discovery Process.

Consulting with a coach at The Entrepreneur’s Source®  can help people examine Battered Career Syndrome from a different perspective and understand there are other opportunities to overcome it. The Entrepreneur’s Sources works with individuals wanting to take control of their professional and personal future to realize and achieve their Possibilities, Options, and Dreams (POD). Franchise coaching helps people move into an environment where they can take control of their professional future. A Business Coach can walk prospective business owners through the Discovery Process to recognize the right franchise opportunity that meets their individual Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals.

Among many other things, coaches at The Entrepreneur’s Source help prospective franchisees

  • Evaluate their Opportunities
  • Assess their Strengths
  • Create a List of Clearly Defined Short- and Long-term Goals

For more information about how a coach at The Entrepreneur’s Source can help you overcome Battered Career Syndrome®  through franchise ownership, contact a coach today http://www.entrepreneurssource.com/contact.html.

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The Entrepreneur’s Source Reviews: Why Franchising is an American Success Story

It’s clear that the landscape has changed. The New Career Economy® is forcing us all to be smarter about our careers. We’re not returning to the way it was. To the iffy corporate culture, the loss of job security and lower paying wages.

Instead of sitting back and watching our futures grow bleaker, many people are starting to step up and take control of their professional destinies. Entrepreneurial-minded individuals are looking for ways to be self-sufficient by no longer relying on the job market, but entering the path of entrepreneurship.

“More people are realizing that it is time to take control of their destinies. Being the laborer or the worker bee and giving their souls to their careers for corporate America is no longer the typical choice of most pragmatic people.”Terry Powell founder of The Entrepreneur’s Source®

Franchise businesses are expected to grow and create more jobs at a faster pace than the rest of the economy in 2015 for the fifth consecutive year, according to International Franchise Association (IFA).

Below are four ways to thrive in the New Career Economy® through franchise business ownership.

1. Franchising allows you to take all the skills you’ve learned working for somebody else and use them in your own business. If you decide you want to invest in a franchise in a different industry than your specific work experience, the franchise will provide you the initial and ongoing training to help you make that shift.

Over 73 percent of franchisees said they would “do it all over again” knowing what they know today*

2. The number one reason most aspiring entrepreneurs go into business for themselves isn’t money; it’s lifestyle. Being your own boss, controlling your own destiny and earning unlimited income potential is all great, but the priceless possibility of being able to have the life balance you can’t achieve in corporate America is often more important. Franchise ownership allows you to own your own business, without being in business alone.

Over 78 percent of franchisees said they would recommend their franchise brand to others*

3. Starting a franchise business creates unlimited income potential for you and your family. There are many possibilities when it comes to franchise business ownership, whether you aspire to create a business where you can build equity, have an appreciating asset, build a legacy you can leave to their family and get your children involved, or even eventually become a semi-absentee owner and create some residual income.

Over 80 percent rated their franchisor as good, very good or excellent*

4. Investing in a franchise business allows you automatic entry into the successful history of that organization. With a franchise, you get a brand name and an image of quality and success. Franchisors have already figured out the kinks, making the end-user buying experience repeatable and duplicable. Franchise business opportunities provide a proven operating system that helps set you up for continued success.

Franchise business ownership allows individuals to control their path versus having the market or someone else dictate what will happen in their future. When a person decides to take control, it is just the first step to learning what the possibilities would look like. The next step involves educating themselves in order to make the right business opportunity choice for themselves and their family through the discovery process. A business coach can also help in this stage by helping an entrepreneur establish his or her Income, Lifestyle, Wealth and Equity (I.L.W.E) goals.

For more information on how a business coach can help you move from Employment to Empowerment, contact a business coach at The Entrepreneur’s Source® today: http://www.entrepreneurssource.com/

* Source: Franchise Business Review, a national franchise market research firm, recently surveyed 25,000 franchise owners over 18 months

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The Entrepreneur’s Source Reviews: Exploring Financing Options

Although now is a great time for prospective entrepreneurs to enter the franchising industry, many of these individuals don’t know where to start.  One of the most critical unknowns when transitioning from employment to business ownership is financing. The Entrepreneur’s Source® reviews how you can set a financial plan and explore all your financing options.

As expected funding is a major concern for many individuals looking to improve their career paths, but it’s important to remember the money question is one that could be dealt with in a variety of ways and eventually overcome. Often people are not aware of the strategies available to them to finance a franchise or business.

Franchisees are expected to borrow over $30 billion during this year alone.

Lenders consistently provide commercial loans and business credit lines for proven business systems, such as franchise opportunities. Strong franchise brands with a history of success and experienced support teams are viewed as an important and tangible asset for lending companies. In many cases, you do not have to rely on one single source of funding and can look to multiple avenues to achieve your financing goals. Here are just a few of financing options available today:

  • Traditional Commercial Bank Loans
  • Equipment Leases & Loans
  • Lines of Credit and Unsecured Loans
  • Angel Investors
  • Creative Leverage of Existing Assets

The key is to learn more about both traditional and non-traditional forms of funding that you may not be aware of. For instance, most people who have a 401k don’t think they can leverage it without a steep financial penalty. However, many small businesses today  got their start with what is called a 401K rollover.

Other funding often overlooked or simply not considered are things like whether you qualify for a veteran discount or a small business loan through the Small Business Association (SBA). Even during difficult economic times, the combined elements of a proven success record of a franchise system and the credit history of the franchise prospect, are ideally suited for many financing options.

Other options to consider:

Franchisors that offer Financing.

Many franchise brands have created their own franchise incentive or financing programs for both first time prospects and multi-unit owners. In fact, Steve Caldiera, president and CEO of the International Franchise Association (IFA) reported that as many as 100 franchise brands offer original financing solutions, such as discounts or refunded franchising fees, to aid in franchise ownership and that this number is expected to increase.

Franchisor-Preferred Lenders.

Many franchisors, while not directly involved in financing, have established preferred relationships with banks and other lenders. These lenders have financed loans for past franchisees and understand the specific needs of that particular franchise. Their experience will speed up the process and help them process future loans to the franchisee’s best advantage.

No matter what, there are numerous sources for finding funding outside the traditional avenues. It is simply a matter of exploration. “People from all walks of life are making career transitions, and many are now choosing to take control of their destiny by considering becoming self-sufficient. The Entrepreneur’s Source® provides aspiring entrepreneurs with the tools needed to create a roadmap to financial freedom,” says Terry Powell, Founder of The Entrepreneur’s Source®, which has helped tens of thousands of people find new business opportunities throughout its 25-plus years.

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The Entrepreneur’s Source Reports: College Grads Team-Up with their Parents to Pursue Franchise Ownership

In an unfavorable jobs landscape plagued with part-time and temporary positions, unpromising opportunities and high competition for the few openings available, more job-seeking parents and children are becoming business partners to take control of their professional futures through franchising.

According to the Bureau of Labor Statistics, the average length of unemployment for workers over 55 has risen to more than a year. What’s more, a recent analysis by The Associated Press found that 53.6 percent of those with bachelor’s degrees under age 25 were jobless or underemployed, a 12.6 percent increase in the past decade.

“A vast majority of today’s unemployed baby boomers are seasoned executives with severance packages who are now looking for new ways to invest in their future. This trend, coupled with a bleak job market for today’s college graduates, has led more and more parents to partner with their children and invest in themselves by opening a franchise,” said Terry Powell, founder of The Entrepreneur’s Source, the nation’s leading career and franchise business coaching network.

Parent-child partners find franchising to be a lucrative vehicle to entrepreneurship because it offers easy-to-follow systems and combines the many benefits of business ownership with a brand name, experience, proven operating system, and ongoing guidance and support provided by an established franchisor. Prospective entrepreneurs are also attracted to the countless types of franchise business opportunities available.

“Finding a franchise concept that allows everyone to leverage their skill set is imperative when identifying the right opportunity for a multigenerational partnership. Even if the parent isn’t fully engrained in the business – leaving their child to run the operations – they should still have an interest in the concept and be able to utilize their experience or skills to provide support,” Powell added. “When everyone is active in the business, we often find the parents handling jobs that require local connections while the children take care of day-to-day operations and online marketing.”

The Entrepreneur’s Source hosts educational webinars to help aspiring entrepreneurs learn how to start building the blueprint to reach their desired Income, Lifestyle, Wealth, and Equity. Visit www.theentrepreneurssource.com/franchise/ to get started.

 

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The Entrepreneur’s Source Reviews Franchise Opportunities

The Entrepreneur’s Source Reviews Four Top Factors when Consider When Evaluating Franchise Opportunities.

It’s easy to be overwhelmed by the sheer magnitude of choice when looking into franchise brands to invest in.

There are thousands of franchise opportunities out there, but not all franchise brands and opportunities are created equal. Depending on a wide variety of factors, such as your goals, desired lifestyle, preferred time commitment and more, some franchise brands may not be the right fit for you. Do you know what aspects to consider when evaluating the thousands of franchise opportunities out there? Today, The Entrepreneur’s Source reviews four crucial things to examine when evaluating franchise opportunities to help you narrow down your search and zero in on the perfect fit for you.

      1. How the opportunity aligns with your I.L.W.E. Goals

Examining how a franchise opportunity aligns with your specific goals for your future is a great first step in evaluating if a franchise opportunity is right for you. If you haven’t already examined your Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals, then now is the perfect time to do so. Establishing these objectives can help you gain clarity about what you’d like your future to look like and comparing this to how a specific franchise brand could be leveraged to accomplish your goals, needs and expectations can be a telltale sign whether it’s a good match for your aspirations.

      1. The overall cost of the franchise investment

Many people think there is no way they can afford to invest in a franchise, but franchises come in all shapes, sizes and prices. In fact there are franchise concepts in nearly 100 different industry sectors, with investment levels ranging from as little as $10,000 to $3 million or more depending on the specific opportunity. If you only have a certain amount of capital available to invest in a franchise business a good way to start eliminating opportunities is to look at the required capital for the initial and continual investment. Examine the costs that go into opening a franchise, such as the franchise fee and real estate investment, and ongoing fees such as royalties. If these costs seem feasible for you, then that’s another check mark for the franchise opportunity being the right fit for you.

It’s important to be conscious of what feasible means to you so that you do not limit your options from the start. You may be surprised to learn that you can find capital to fund your franchise in non-traditional ways. To learn more about nontraditional funding options, click here.

 

      1. The systems and level of support offered from the franchisor

In franchising systems are king. What makes great franchises great, is that they have simple systems that are replicable and duplicable. Franchise systems are designed to make sure the service or offering creates a standardized customer experience, but also so that the franchisee can save themselves significant time, energy and money.

Most franchise brands offer ongoing support from the franchisor, but depending on the franchise brand this can greatly vary. If you don’t have much business experience investing in a franchise brand that offers a greater deal of support – such as a 24-hour hotline or on-site training – may be an ideal aspect to look for in a franchise opportunity. However, if you’re a previous franchisee or business owner, then a large amount of franchisor support may less valuable to you, so you may want to look for an opportunity with less continual support. There’s no right or wrong amount of support, but prospective franchisees need to establish just how much they need and consider franchise opportunities offering that desired amount.

      1. Are your values aligned?

Like any relationship, whether it’s personal or business, becoming part of a franchise system is a partnership that is interdependent and should be a win-win for both the franchisor and franchisee.The most successful franchise brands are thriving due to their franchisees. On one end, the franchisor needs to feel confident that each franchisee will represent the brand well and elevate its name. On the flip side,the franchisee must feel like he or she is getting the value and support out of the relationship with the franchisor. Without both parties being satisfied, it would not make sense to create this partnership. Are your vision, mission and values closely aligned with that of the franchise system? If no, this is a sign that this franchise may not be a good fit for you.

You Don’t Need to Go At It Alone!

Properly evaluating franchise opportunities, if left to your own devices, can take extensive time and energy, but following a proven process like the one The Entrepreneur’s Source offers actually makes it less overwhelming and can help you uncover opportunities where you least expected it. It can actually be a manageable and empowering journey; some may even say an exhilarating one.It is not coincidental that 95% of our clients who embark on this “journey of discovery” with us, end up discovering options they admittedly never would have looked at on their own or had prematurely dismissed.

If you’re still not sure where to start or want someone to guide you through the process of uncovering and evaluating franchise opportunities, contact an alternative career coach at The Entrepreneur’s Source franchise today. E-Source coaches can provide you the leadership and guidance that you need to help you uncover if an opportunity may be the right fit for your goals and aspirations. For more information on how a coach can help you better evaluate franchise opportunities, contact a coach today http://www.entrepreneurssource.com/blog/contact/.

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