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The Entrepreneur’s Source: Is there a way out of “Battered Career Syndrome”?

Is there a way out of “Battered Career Syndrome”?   At The Entrepreneur’s Source, we say “YES”!

In our best-selling book, “Your Career 2.0: A Survival Guide for the Battered Career and Investor Syndrome” we talk about the vast number of people who feel trapped in their jobs, but think they have no other options available to them. We call it the “Battered Career Syndrome®.” They keep thinking longevity equals corporate loyalty, and hang on hoping things will get better. But most of the time it doesn’t. They keep living paycheck to paycheck, at the whim of ownership, working more hours and earning far less than they could as a business owner. With the average American worker’s salary remaining pretty stagnant through the course of their career, many become disengaged and unhappy. They realize their salary is set, with no real hope of increases.

Further, the salary may be set, but how long will the job last? Consider, per the most recent US Census statistics, the median number of years a salaried worker has been with his or her company is just 4.6 years. Is there any guarantee those workers will make it another 5 or 10 years with the same company? What hope is there they’ll make it to retirement? “Hoping” to hang onto the job until retirement is not a plan.

Also – what if the worker is forced to retire early due to things not even in his control? Average Americans have LESS than $100,000 saved for retirement and the estimated average Social Security monthly benefit for a retired worker is LESS than $1,400. Plus, medical advances mean many of us will live longer. Anyone else afraid of out-living their money?

Put an End to YOUR Battered Career Syndrome®!

Entrepreneurs have more tools available to them today, helping them work smarter, not harder, which can help maximize growth and viability of their business, increasing its long- term endurance.   Plus, with powerful tools at their disposal such as Start a Business Weekend®Franchise Match® and the Virtual Coaching Experience, any entrepreneur who works with The Entrepreneur’s Source® will be much more likely to invest in a franchise business that fits their skills and personality.

The Entrepreneur’s Source®(TES) is the nation’s leading resource for franchising information, education, and exploration. We believe there has never been a better time for people to work for themselves! TES has helped thousands of these folks realize their dream of self-sufficiency.

Just like many have personal fitness trainers for goal achievements, The Entrepreneur’s Source® offers personal coaching for those who want to become self-sufficient. Each of our coaches uses proven strategies to help seekers find their capabilities and resources, while holding them accountable and empowering them to turn their dreams into their reality.

So, is it really riskier to start a business in today’s world where people have less job security, little upward mobility, and are working longer hours for less pay? If you could have greater control and influence over your work life, with the income, lifestyle, wealth building and equity you desire, would that be something you would want?   Of course!

Let’s work together to put an end to YOUR “Battered Career Syndrome®”.  I personally invite you to begin your journey by visiting The Entrepreneur’s Source® website – http://www.entrepreneurssource.com/about_us.html.

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The Entrepreneur’s Source: 5 F-Words that are Sabotaging Your Career

The Entrepreneur’s Source: 5 F-Words that are Sabotaging Your Career

If the pathway to self-sufficiency was free of obstacles and challenges, then everyone would take it. Unfortunately, obstacles and challenges do exist and they sometimes prevent individuals from taking the leap to business ownership.

When an individual starts to consider career possibilities outside of the standard, corporate 9-5 options, they will inevitably run into what The Entrepreneur’s Source® calls the F words: Frustration, Fear, Financial constraints, Family and Friends. Today, The Entrepreneur’s Source examines these obstacles that may be holding people back from reaching their ultimate dream of self-reliance.

Frustration

Those who suffer from the Battered Career Syndrome know frustrations all too well: Feeling unappreciated in the workplace, staying in a dead-end job with no room for growth, not feeling inspired by the work they are doing. When examining frustrations, there are two different kinds: Healthy – the motivational kind, and unhealthy – the form that can become paralyzing. Regardless of if you’re suffering from the healthy or unhealthy kind of frustration, you can learn to channel your frustration by exploring your alternative career options.

Fear

Big or small, we all suffer from fears, but when it comes to fears associated with one’s career, these fears tend to become overwhelming and taxing. Most people worry about limited career options, if they possess transferable skills, keeping up with technology systems and the like. However, when deciding to move from Employment to Empowerment, the biggest fear most people encounter is the fear of self-employment. Other common fears include fear of change, fear of the unknown and fear of success. When an individual is able to recognize these fears and channel them to become motivation, then they truly will have the ability to overcome them.

Financial Constraints

Many people ward off the idea of investing in a business opportunity because they don’t think that they are financially able. However, what most people don’t initially understand is that there is an abundance of ways to finance a business and there are plentiful financing options available to small business owners and franchisees. However, no matter what financial state an individual is in, they will likely be able to find a financing option for their unique needs.

Family and Friends

Family and friends may be the most unlikely of sources that may hold you back from achieving your entrepreneurial dreams, but their holdup may be a reality for some. Whether an individual has the support of his or her friends in achieving their dreams may be the single most important factor whether an individual will eventually decide to leave their traditional career behind. Investing in a business opportunity is a risk, and this sometimes may worry friends and family members that rely on an aspiring entrepreneur. However, it’s important to remember that staying in a stagnant career is also a risk, and friends and family members should be reminded of this as well.

An individual doesn’t have to experience all four of these obstacles to become debilitated in their ability to become an entrepreneur, it just takes one. Realizing and being able to identify these obstacles exist is the first step in the process of trying to overcome them and ultimately reaching self-sufficiency.

Taking the leap from Employment to Empowerment® is a big step, and you don’t have to do it alone. Alternative career coaches at The Entrepreneur’s Source® can help guide you through the process of becoming a business owner. For more information about how an alternative career coach can help you move from corporate America to entrepreneurship, contact a coach today http://www.entrepreneurssource.com/contact.html

 

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The Entrepreneur’s Source Asks: Do These Complaints Sound Familiar?

The Entrepreneur’s Source reviews employee complaints that are all too common (and how to solve them).

The hope of retirement is quickly becoming out of reach for millions of middle-class Americans.  With nearly half of all middle-class lacking confidence in their ability to save sufficiently for retirement, many individuals are researching new professional opportunities. Researching common career complaints, The Entrepreneur’s Source® has worked to provide workers with the tools necessary for going from Employment to Empowerment® and cure Battered Career Syndrome®.

Does this sound familiar?

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 Terry Powell, founder of The Entrepreneur’s Source®. “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.”

Let’s Get Started. Here are the Top Three Common Career Complaints:

  • 1)  Lack of communication.

Just like any relationship, a lack of communication between two parties can lead to disastrous results. The National Business Research Institute has found that a lack of communication between an employee and employer typically begins when a worker is afraid to speak up to managers for fear of retribution, which can be valid or not. Strong communication between an employer and employee is constantly evolving. Many organizations are still unable or unwilling to create the necessary processes and devote resources to developing this protocol.

  • 2) The absence of job security.

While the Great Recession has officially been labeled over by politicians and economic researchers alike, many professionals feel their jobs are still in jeopardy. Corporations are still laying off large groups of people, even entire departments or sending positions overseas.

  • 3) Decreased empowerment.

After facing layoffs and outsourcing, professionals in various industries are suffering financially and emotionally. The everyday grind can wear someone down. Empowerment is based on the concept of self-sufficiency.

So, what’s the answer?

People are no longer empowered by the predictability of yesterday’s traditional career path they have been on. Moving from Employment to Empowerment® is based on the idea that self-sufficiency can increase an individual’s morale, creating a happier life balance, according to The Entrepreneur’s Source® Founder Terry Powell and Brand Manager Tamara Loring.

The Entrepreneur’s Source® is dedicated to combating top career complaints and help professionals go from Employment to Empowerment®.

For more information about the New Career Economy® and how and individual can move from Employment to Empowerment®, contact an ESource coach at The Entrepreneur’s Source®.

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The Entrepreneur’s Source Asks: Should You Stay or Should You Go?

The Entrepreneur’s Source Asks: Should You Stay or Should You Go? As 2019 gets underway and with the worst year for U.S. stocks since 2008 in the rear-view mirror, thousands of employed Americans are hitting the “reset button” and going back to being uncertain about their professional futures. The only real constant in business today is there is no such thing as “job security” in the corporate world, as corporations are only loyal to their bottom lines.

The lack of control in today’s “Yes-Boss Culture” and the constant threat of being downsized, right-sized, or capsized have  71% of workers in the United States either actively looking for new jobs or putting the topic at the top of their mind and hoping for something better.

So what’s the move here? Job hopping with no guarantees and a definite endpoint, usually not of your choosing?  Staying put, waiting for the inevitable blade? Waiting to be told, “We’re eliminating your department/position”? Or betting on your skill sets, drive, and desire for something better to make a real career change?

We must run our careers differently. It’s time to take control of your professional life by creating  Your Career 2.0® and taking a deep dive into exploring business ownership. 

Terry Powell, the CEO and Visionary Founder of The Entrepreneur Source®, North America’s leading career and franchise business coaching company, says, “We want people to stop settling for the ‘New Normal!’ Job security is a thing of the past. Working longer for less is what the corporate world demands today.”

Should I Stay or Should I Go?

At The Entrepreneur’s Source®, we call this ‘The Battered Career Syndrome®,’ and for too long, Americans have bought into the notion that they can’t leave a job and must make constant trade-offs to keep it. But it can be done, and all it takes is an unflinching look at your current position, and the Income, Lifestyle, Wealth, and Equity (I.L.W.E.) goals you could have by becoming your own boss!”

The Entrepreneur’s Source® can offer that education, awareness, and discovery through Your Career 2.0® and our network of award-winning alternative career coaches. They are highly trained, and many have been right where you were: at the same career crossroads, choosing to become empowered rather than just employed. They have the “cred” to shepherd you on your Journey of Discovery.

If you would like the opportunity to gain more control over your professional life while enjoying the Income, Lifestyle, Wealth, and Equity you deserve, The Entrepreneur’s Source® wants to talk to you.  Just complete all five steps of FranchiseMatch® to take the first step toward your new alternative career.

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The Entrepreneur’s Source: How To Successfully Define Your Franchising Goals

How To Successfully Define Your Franchising Goals. Written by Terry Powell, Visionary Founder of The Entrepreneur’s Source. Originally Published in Forbes: Oct 23, 2018.

Many people dream of starting their own businesses, and a lot of people follow those dreams through franchising. It’s a business model that people love, and for good reason. When you invest in a franchise, you’re investing in a proven business model.

But before you invest in a franchise, you need to get to know it first, and even more so, you need to know yourself. What are your goals, needs and expectations? Furthermore, have you thought about what your income, lifestyle, wealth and equity (ILWE) goals are? These are all great questions to ask yourself as you explore business ownership.

It takes a lot of time, soul-searching and number-crunching to fine-tune these goals. I know; I’ve coached countless franchise owners on this. But if you want a quick crash course, zero in on the following.

Income

Think of this as your short-term earning goal. What do you want to be earning in a year or two, during the early stages of being a franchise owner? Whatever franchise you invest in, ideally, it’s going to be something in which you can achieve the type of yearly income you’re seeking. If, for instance, you have modest income goals for the moment, a franchise that takes a while to ramp up and see profits might work out fine. If your income goals are pretty substantial, then clearly the franchise you invest in should generate revenue that reflects that.

Lifestyle

How do you see your day-to-day life once you’re a franchise owner? Do you see yourself immersed in your business, working from sunrise to sunset and potentially weekends? Or do you see yourself delegating key tasks to great people you hire, letting managers and employees do most of the heavy lifting so you have more time to do the things you enjoy most?

Everyone has their own ideas, often based on where they are in their lives and how involved they want to be when running a business. But not all franchise businesses will allow you to live the way you want. So, whatever franchise you choose, make sure it’s going to offer you the freedom and flexibility you need for the lifestyle you want.

Wealth

You’re probably wondering how “wealth” is different from “income.” These are your long-term earning goals. For instance, you probably want to earn enough income in the short term so that you can put a healthy amount of it aside and grow it through investments.

You also want to think ahead and ask yourself if you want one franchise or if you want several (which connects us back to “lifestyle”), since owning several will likely lead to far more wealth.

Equity

These goals involve debt. Nobody wants debt, of course, but when you invest in any business, you’re likely going to carry some. How much debt are you comfortable carrying, especially if you own more than one franchise? How fast do you want your debt to be paid off?

Those are also some important questions, and it’s a strategy that you’ll want to develop to help make sure that your “wealth” goals are achieved. That’s because the equity side of the equation involves the assets you’d like to build through your new business. The quicker you can eliminate debt and take ownership of more of the business (including the building, inventory, etc.), the stronger your equity.

It all sounds easy enough, I realize, but franchising is a commitment. Outlining your ILWE goals correctly is vital as you explore business ownership. Do that, and you can find the right franchise match.

Take the first step. Use Your Career 2.0® and The Entrepreneur’s Source® as your Guide. 

The Entrepreneur’s Source® can offer the education, awareness, and discovery through Your Career 2.0® and our network of award-winning alternative career coaches. They are highly trained, and many have been right where you were: at the same career crossroads, choosing to become empowered rather than just employed. They have the “cred” to shepherd you on your Journey of Discovery.

If you would like the opportunity to have more control over your professional life, while enjoying the Income, Lifestyle, Wealth and Equity you deserve, The Entrepreneur’s Source® wants to talk to you. Just go to http://www.entrepreneurssource.com/about_us.html to take the first step toward your new alternative career.

And for those of your interested in Your Career 2.0®: A Survival Guide for the Battered Career Syndrome®, please visit, https://www.amazon.com/Your-Career-2-0-Survival-Battered/dp/1501025848.

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