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The Entrepreneur’s Source: Want To Get Off The Corporate Highway?

The Entrepreneur’s Source: Want To Get  Off The Corporate Highway? Why Entrepreneurship Could Be Your Best Exit Strategy

When you take one of life’s exit ramps will you be ready for the change? Andrew Brown says he wasn’t.

Brown had worked for 15 years in the world of corporate finance when he made his sudden exit. “You have this great corporate job. You’re on easy street. But I was really in the wrong place at the wrong time. I had no control over my own destiny,” Brown said. He wasn’t ready for the changes and didn’t have a plan, but what Andrew did have was an epiphany. “I thought: I can keep applying for these jobs in an industry that I know, but I realized I was kind of bored with that. The reality is, we (he and his wife, Jennifer) were interested in trying something new.”

Entrepreneurship wasn’t something he felt totally prepared for, but Andrew Brown had someone to guide him in the right direction. Jan Claesson is an Alternative Career Coach with The Entrepreneur’s Source® (TES). He understood a little something about taking life’s exit ramps because he took one himself in 2016. That’s when he started working his TES career transition coaching business. “I had an outstanding role model with Jeff Levy as my coach.”

“After years of exploring  different business models, while working, I told my coach that I actually knew what it was that I should be doing: I should be doing what you’re doing — coaching people.” Claesson has always been a people person. He enjoys working with people and learning about their drive and goals.

“My motivation has always been people and business. Trying to understand them and create environments where they can flourish and perform above their expectations,” says Claesson. “It is a privilege to work with people, get to know them a little bit and eventually leave them with  clarity and an open mind that will get them on a path  of education, awareness, and discovery.” That made working for The Entrepreneur’s Source® the perfect model  for him. It also made him a good fit as a Career Transition Coach for Andrew Brown.

“Andrew has the drive and determination,” Claesson found. “He also has the ability to analyze information and make decisions. When Claesson put a fitness franchise  before Andrew and Jennifer, they were initially not interested! “An irony in our process is that, while we are both fit people, we had never really had more than a “Y” membership. Certainly, we had no boxing experience,” Brown said.

But, looking more closely at the franchise, the Browns realized that it  offered the best path to achieving their personal Income, Lifestyle, Wealth, and Equity goals. They felt it offered the best combination of brand strategy and franchise leadership. Approximately three months after they first met with Claesson, the Browns decided on their future.

“We went in keeping an open mind . I would say that it’s a good idea to go into the education process with your eyes wide open and to not be held back by your pre-conceived notions.”

Brown says franchising was a better choice for him than starting a business from the ground up. “I have a good sense of how things should run and customer service. I tend not to be strong on the sales side and frankly, I am not the stereotypical idea-man.” Franchising just seemed like the best choice for him. “A franchise is giving you the playbook, and you have a product. In my mind a lot of the basics have been built, I just need to follow the proven system. That fits my personality better.”

Brown says he’s working more now than ever before, but that’s okay. “I also have a sense of joy and ownership that comes with that hard work. I am probably more energized than when I just did the corporate gig.”

Claesson doesn’t doubt Brown for a second. “He’ll be successful because of his unyielding determination. He has a strong sense of urgency that moves him through obstacles. Plus, he has a great sense of humor!”

As for Brown, when friends are approaching those exit ramps in life, he tells them about his experience with Jan Claesson and The Entrepreneur’s Source®. “I make the introduction to Jan, and tell them to have a willingness and curiosity to ask questions. They need to realize that they’re smarter than they think they are and that they have a lot of transferable skills, regardless of where they come from.”

If you, like Brown, would like 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.

 

 

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The Entrepreneur’s Source: Spring Forward to Your Career 2.0

Here at The Entrepreneur’s Source, we always look forward to “springing ahead” to Daylight Savings Time. We know—we hated losing that hour of sleep just as much as you did. However, it also signals spring is just ahead. A time for new growth and a fresh start and Your Career 2.0 is no exception.

Spring is a great time to re-assess where you are, to get inspired and to breath a fresh new life into a stagnant career—to get your income, lifestyle, wealth, and equity goals back on track.

Having the right mindset is vital for a spring re-boot, so we pulled together our top five tips to energize Your Career 2.0®. From tips on how to break free from The Battered Career Syndrome® to five “F Words” that will help you clear the obstacles in your path, explore a few this week—and get ready to see your career spring ahead.

  • Tip 1. Embrace the possibilities of what COULD BE as you reawaken your dreams.  An open mind will help you realize there’s real hope instead of continuing to suffer from what we call The Battered Career Syndrome®.
  • Tip 3. Set some Income, Lifestyle, Wealth, and Equity  (I.L.W.E.) goals. These will kick start your vision for the life you’ve always wanted for your family and yourself when you become self-sufficient.
  • Tip 4. Here are four “F Words” that will help you clear the obstacles that will present themselves during Your Career 2.0® journey. By knowing about the challenges now, you’ll be better able to confront and overcome them.
  • Tip 5. If you’re a corporate exec who’s tired of the games, the hours, the time away from family, and the constant pressure, maybe reading how others have made the transition  to being their own boss will inspire you.

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.

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The Entrepreneur’s Source: Nine Reasons To Explore Entrepreneurship

Originally Published in Forbes,1/25/19: Nine Reasons To Explore Entrepreneurship.  Written by Terry Powell, Visionary Founder of The Entrepreneur’s Source.

Not everybody wants to be their own boss. It’s a lot of responsibility, for starters. But for some people, it’s a yearning. It’s something they have to do because they have always had an entrepreneurial itch. I know, having met many of those people as the founder of an alternative career coaching franchise. I routinely work with men and women who want to call the shots. If that’s you, I can tell you, this is a great time to consider business ownership. Here’s why.

1. The economy is strong.

There are good arguments for starting a company at any time, even during a downturn. But when the economy is humming, starting a business makes sense because it’s more likely that customers with discretionary income are going to be attracted to your business.

2. You have goals you need to fulfill.

You probably have an idea of what you want your life to be like, and if your thoughts about your current job range from the mediocre to unhappy, then why prolong that? As I always tell the alternative career seekers who reach out to us, we all need to pursue our ideal income, lifestyle, wealth and equity goals. In other words, you want to achieve a certain income, so you can have the lifestyle you want, the wealth that will allow you to continue building on that lifestyle and the equity to maintain your lifestyle once you retire. You can’t do that if you’re stuck in a dead-end job, working for somebody else.

3. Society is open to new ideas, more than ever. 

You used to have fewer choices when it came to your fast food, such as burgers and chicken. Now there are vegan chains and even cereal bar restaurants. Who would have guessed that escape room franchises would be a thing? People want to have fun, and they want what they want, and more than ever, you can give it to them.

4. You want more time with your family.

Owning and running your own business is challenging and, in the beginning, can also be time-consuming. I don’t want to suggest that if you buy a franchise and become a business owner, you’ll never miss your kid’s soccer game. But at least if you do, you’re the one making that choice. That said, running your own business does give you far more flexibility than you have when you’re working for somebody else. If your goal is to coach your kid’s soccer team while running your own business, or to run your business and never miss important family milestones and events, you can do that. In fact, there are some franchises that you can run from your own home.

5. You want to pass your business down to your kids.

That’s a big reason a lot of people start their own businesses (here’s more on how to know if it’s a smart decision). I coach clients going through career transitions, and believe it or not, just as with an independent mom-and-pop operation, you can pass on your franchise business to your kids — or your future kids, if you haven’t started a family yet. So investing in and running a franchise may be more than building a legacy and future for you; you may be creating one for your children and grandchildren.

6. You want to have a passive income.

Not all businesses — certainly not all franchises — allow you to do that. In many cases, you need to be present. A lot of it depends on how much income you have now and who you hire as your staff. If you do want a business that pretty much runs itself, that can be the magic of an absentee franchise. You’re buying a business system that works, and as long as you have an extremely competent staff, including a general manager to run the place, you can be an effective absentee owner.

7. You don’t want to have lingering regrets.

Think of the things you haven’t done in your life that you wish you had. Do you want “not going into business for myself” to also be one of your regrets? Especially when a national report showed that the franchise sector has been growing for eight straight years?

8. Putting off starting a business will cost you money.

Yes, investing in a franchise is an expense and not a decision to take lightly. But putting money into starting a business is also an investment, and every year that you put off making that investment means that with every passing year, you’re making less money than you could be.

9. You’re not getting younger.

None of us is. There are good arguments for holding off, like gaining more experience or saving more money. I’m not pushing anybody to do anything before they’re ready. At the same time, it would be a shame to wait another five or 10 years only to later wish you had started your business sooner. Besides, if you are nervous now, maybe in another five or 10 years, instead of feeling more prepared to run a business, you might have talked yourself out of it. Starting a business is a lot like having a baby. Nobody is fully prepared to become parents, and some people don’t believe in themselves enough to become business owners, even though they are fully capable and would be excellent at it.

If being your own boss is something you’ve been thinking about, and you think you are ready but aren’t quite sure, you’re probably ready. Don’t put it off. It’s time to become the new you. That decision to become your own boss, incidentally, is your first executive decision, so congratulations.

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

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The Entrepreneur’s Source: 3 Powerful Questions You Should Ask Yourself

The Entrepreneur’s Source: 3 Powerful Questions You Should Ask Yourself When You Don’t Know How to Decide.

You may know that you’re looking to move from Employment to Empowerment® by taking the avenue of business ownership to achieve self-sufficiency, but do you really know what business opportunity is right for you? When looking at the franchise industry, there are various segments that call for several requirements and necessities from business owners in order to thrive. There are hundreds, probably even thousands of business opportunities out there, but not all of these opportunities are right for every entrepreneur.

Are all of the options overwhelming you and causing you to rethink your entrepreneurial dreams? Think again. Here The Entrepreneur’s Source franchise examines how to identify which business opportunities are right for you.

Know Thyself: Here are 3 Questions to Ask Yourself before Choosing a Franchise Concept

  1. “Why?”

One of the most integral things that an entrepreneur must do before choosing a franchise opportunity is ask themselves why they want to be a business owner. Do you want to achieve self-sufficiency? Do you want to build equity? Are you looking for a secondary source of income? Depending on how a prospective entrepreneur answers these questions, they will be better equipped to identify the opportunities that may or may not be the right fit for them. There’s a reason why this is one of the first steps in the business coaching process that The Entrepreneur’s Source offers. Once an entrepreneur is able to examine why he or she wants to invest in a franchise, then they will be better equipped to explore the possibilities and available options.

  1. “How Involved Do I Want to Be?”

Although many individuals assume that franchise owners need to be ever-involved in their franchise business, this isn’t always the case. With the growing popularity of semi-absentee businesses, not all franchise owners need to be invested in their franchise at all times. The semi-absentee business concept is a business that entrepreneurs can start on the side while they have another job or obligation, as opposed to a full-time franchise business, which requires your complete effort and wouldn’t allow for you to do something else in addition. Depending on if a prospective franchise owner wants to be there full-time or on a semi-absent basis, then certain opportunities may be eliminated.

  1. “Do I Need Help?”

Many entrepreneurs fall into the trap of naively thinking that they can do everything on their own, when in fact, they cannot. Even if you’re not a first-time franchise owner or have a vast knowledge of the franchising industry, it’s wise to seek help when investing in a franchise. You may not need help with every aspect of opening your franchise, but consulting with a business coach can help an individual narrow down which models may be the most fitting for a prospective entrepreneur based on his or her Income, Lifestyle, Wealth and Equity (I.L.W.E.) goals and other factors that are sometimes overlooked when choosing a franchise concept. Although this step is commonly overlooked, it is almost always the most necessary for future franchise owners to ask themselves.

For more information about how to decide if a franchise opportunity is right for you, consult a business coach at The Entrepreneur’s Source® today.

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The Entrepreneur’s Source: The Guiding Light Behind our Commitment to Empowering Women in Business

The One and Only Lori Tyll – The Guiding Light Behind The Entrepreneur’s Source Ongoing Commitment to Empowering Women in Business

For 35 years now, The Entrepreneur’s Source has been helping to make entrepreneurial dreams come true for hundreds of thousands of individuals.  Over that period of time, we’ve seen a lot of changes…some of them historical, some of them life changing and others, well, little more than a blip. We’ve seen the rise of the personal computer and the cell phone. We’ve seen once seemingly invincible corporate giants stand on the brink of catastrophe…and most importantly, we’ve seen (and been a part of) the explosive growth of franchise ownership.

In the 35 years of being in business, Lori Tyll, one of our most pivotal game-changers, has been part of the organization for 20.

The Entrepreneur’s Source (TES) has seen a lot of changes through the years and we’re proud to have had a role in some of them. Consider women in business. When TES began Career Transition Coaching in the 80’s, women had already made huge strides in the business world, but many were still struggling. Back then, the world of Career Transition Coaching was still largely dominated by men.

“We found that more and more women were eager to become coaches in 2003-2004,” says Lori Tyll, VP of Operations and overall princess-of-all-trades with The Entrepreneur’s Source. “They were eager to work, but many of them were facing challenges with networking and marketing themselves.”

Tyll dug a little deeper and here’s what she found: Many of the female coaches with TES were trying to make their careers work with their family life.

“These women were trying to fit meetings in while they were making lunch. They were talking to clients while they had a kid on their hip or while they were putting children to bed. They really didn’t have opportunities to network and they just weren’t sure how to market themselves.”

It’s a struggle Tyll realized she had faced herself! As the mother of two, Tyll often found herself and her family moving across the country in pursuit of her husband’s corporate career.

“I had always worked part-time, even as my husband worked and my children were in school,” Tyll remembers. “But I was worried about my kids being gone from home and there I’d be…all alone. I didn’t want to wake up one morning and have nothing of my own!”

It was that realization that led Lori to answer Terry Powell’s employment ad 20 years ago! Terry Powell, the visionary founder of The Entrepreneur’s Source, hired Tyll on the spot and understood her desire for a work/life balance where she could thrive…after all, it was one of the very bedrocks he built TES upon: the idea of working to live, not living to work.

Tyll realized, “If I’m feeling this way, then there have to be so many other women feeling this way too.” As she spoke to more and more women at the annual TES conferences, Tyll found that there was an unmet need.

Working with Judy Stoleson, a successful Phoenix-based Alternative Career Coach, the two women formed Women Empowered by Business in 2005. “I kind of came at it from the corporate side of it while Judy could really connect with the women, being a Career Transition  Coach herself,” says Tyll. “She was one of the first female coaches with TES and she was our first female Regional Developer. Judy really knew what was going on in the field.”

The idea was simple: Women Empowered by Business (WEBB) would promote successful entrepreneurship among women by providing opportunities and resources designed to educate, empower, and enlighten them as they embrace the challenges of business ownership.

Tyll says the challenges faced by women were often different than those faced by men.

“We found that our women coaches did not have time to go out to a seminar. That’s when it struck me that they needed something they could do at home from their computer.” WEBB began as monthly, hour-long networking conference calls. Many times Terry Powell himself would talk with the coaches; other times WEBB turned to another strong source for advice on helping women in business: successful women from the world of franchising.

The small non-profit started gaining momentum. As more women gained confidence and the skills they needed, they were able to approach and attract more women on the path to entrepreneurship — both as franchisees and as Alternative Career Coaches. WEBB began organizing events – including teams in support of the Susan G. Komen Race for the Cure.  Over four years, WEBB managed to raise over $80,000 for the cancer fighting organization.

As Women Empowered by Business expanded, Tyll noticed growth in a very unexpected segment: “A lot of men were coming to our session.” For years, the business of franchise coaching was dominated by men. Men also held most of the Regional Development positions. “What we found was, that some of the male Regional Developers found it hard to effectively connect with the female coaches. They were like, ‘Don’t be so nurturing, just go out there and do it.’ Some of the men just couldn’t relate with them well.” WEBB turned out to be a way for male Regional Developers and Alternative Career Coaches to begin to understand women better. “The WEBB sessions really helped them work with their female clients more effectively and with more understanding.”

By 2013, Lori Tyll “semi-retired” and by that point The Entrepreneur’s Source had grown and expanded to such a degree (especially within the virtual world!) that weekly WEBB calls were put on hiatus. Tyll is still very active with TES, organizing events like the annual conference…and she keeps the needs of ALL TES coaches in mind. She thanks Terry Powell for all of it.

“Terry let me grow through the years. He listened to me and he listened to these women too. He has really let me do some things that we really didn’t expect.” WEBB, like most of The Entrepreneur’s Source’s foundations, was founded on advice Powell lives by: “Don’t limit yourself. Anything you can imagine, you can achieve.”

Are you a woman interested in learning how you, too, can become empowered as part of The Entrepreneur’s Source family?    Get started by exploring your I.L.W.E – your ideal income, lifestyle, wealth and equity.

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