Archive for ‘Franchise’

July 25th, 2017

The Purpose of Life

by persadv

Dear Reader,

Quite often -working with Colleagues and Executives- a few questions pop up regularly, so I decided to post some Q & A’s here for everyone’s benefit:

Q:  Ok, so what you are really asking me is who do I want to be when I grow up?  And the truth is, being a 50-some-year old Executive, I’m not sure…
A:  We are here to help you figure that out.

Q:  What is my Purpose in Life?
A:  To Learn and Grow.

Q:  I sometimes wonder if my prayers are being heard?
A:  Yes. The real question is: Are you listening?

Q:  Who is holding me back from/is responsible for my ultimate dreams to come true?
A:  You are (the sole master of your destiny).

Q: Why do I, people around me (and sometimes it seems entire nations) go through and suffer so much pain?
A:  Because you/they refuse to listen and learn.

Q:  What is the secret for (my) ultimate success?
A:  You are the secret.  If you believe in yourself and what you do, nobody and nothing can stop you.

 

Sincerely, Sage

PS: The little bit of wisdom I shared with you above is not based on any (religious or political) beliefs I may or may not have, but solely based on observations working with thousands of my peers over the decades.

May 13th, 2011

What Can I Tell My Wife?

by AskSage

Hi Sage,

My wife doesn’t understand why I haven’t gotten a job yet. It never took this long in the past. What can I tell her? As you might imagine, I’m really struggling with this one. Looking forward to your response.

Best, Chris


Dear Chris,

I/ we get this question quite often. Most times even the executives themselves don’t know why their job search is taking so long and believe there is something wrong with them, that they might no longer “have what it takes”. This is not what I/we have been seeing when speaking to many tens of thousands of our peers since this company was started almost a decade ago.

Here is the simple (& hard) truth you may share with your better half:

  • Since year 2000  job search times for execs have skyrocketed –to about 23 months at the present  while
  • average tenures  have decreased to about 18 months and
  • age  discrimination starts now at about 42 years of age (versus early to mid  fifties a decade or so ago).
  • Millions of  American jobs were outsourced permanently to countries like China,  India, Mexico etc. -and the executive positions with it.
  • The new jobs  that are being created are non-executive/ often low wage jobs
  • un-and underemployment amongst  senior-level-execs is around 40+% nationwide.
  • For every advertised VP and C-level job  opening companies & recruiters see now many thousands of applications  –versus maybe one hundred or so some 10 years ago.
  • A typical executive today (calculating a  median base salary of $150K+ and the above mentioned job search times and  tenures) makes less money than many truck drivers do in this country.
  • Waiting for that job interview that might or  might not come is simply no longer a smart way of allocating ones resources  (considering the money you burn through during your search with nothing to  show for it).
  • Pursuing alternatives to employment (with or  without our help) and being (again) in charge of your own destiny and earnings  power is incomparably smarter, Chris.


Sincerely, Sage

 

April 7th, 2011

What are my options?

by AskSage

Sage,

I’m a 53-year-old Sales & Marketing Executive, cannot find a job in my area and prefer not to relocate. What are my options?

I look forward to hearing from you.

Mike

 

Dear Mike,

OK, let’s first understand your challenges, and then discuss your options:

Your  Challenges:

–       It sounds like you are living in an area where the demand for execs with your skill set is low(er).

–       Given that you are 53 years old you will compete with younger (and less expensive) peers for the same positions, which will most likely lead to age discrimination.

–       The job market for senior-level execs in general can only be described as catastrophic (un- and underemployment of 42%+).

–       The longer your search takes, the more of your own capital you lose.

 

Your Options:

–       Start your own business (just make sure it isn’t consulting, this is what everybody does)

–       Buy someone else’s business (2.5 Million businesses change hands in the U.S. every year and sell typically at 4 to 8 times EBITDA)

–       Become a partner in a business

–       Consider franchising (chose from approximately 2,500+ different franchise systems in the U.S, plus roughly the same in Europe and Asia)

–       Determine if perhaps licensing and/or distributorship is for you. There are thousands to choose from as well.

Discuss with your spouse if she is ‘on board’ with your decision to do something on your own. This is a point that’s very important, because very often spouses don’t understand how bad the job market really is and therefore prefer their partners to ‘keep looking’. Unfortunately this results in burning through their savings –with nothing to show for it- and often end up with little to nothing left to invest into their own future (I call it ‘the point of no return’ and have seen it (too) many times).

As far as cash needed for a six-figure income opportunity, this will range from a low of $15K to “the sky-is-the-limit”, depending on what one wants to and can do.

Once you have made up your mind, “readied” yourself emotionally and mentally, look for someone who can help you through ‘the jungle’ of the tens of thousands of options out there. It’s an adventure worth taking and often will allow the executive to truly live your dreams –while controlling your own destiny.

Mike, most importantly, remember you DO have lot’s of options to chose from. You may want to reach out to your Personal Business Advisor or write to [info @ personalbusinessadvisors.com]

 

Sincerely, Sage

 

April 5th, 2011

Isn’t franchising basically the food industry?

by AskSage

Hello Sage,

I received an Email yesterday from Personal Business Advisors, which made me think about franchise opportunities for the first time in my career. I have one quick question:

Isn’t franchising basically the food industry?

Best, Louis

 

Dear Louis,

I believe the perception that franchising consists mostly of restaurants is wide spread.  Their high visibility locations and advertising dollars make us more aware of their existence.

However, they only represent the minority of the franchise opportunities. Most (60% plus) of all franchises are NOT in the food or retail industry. They are service franchises; many of which are white collar with a six-figure income opportunity.

I recommend you share with Senior Advisor what your background, needs, preferences, strengths and weaknesses are. You may be surprised to find out about the number and different nature of franchises that are available that may be a good match for who you are and where you are in life.

 

Sincerely, Sage

March 31st, 2011

Where do I go from here?

by AskSage

Hi Sage,

Many of my former colleagues and I (all Senior Executives and laid off during the “Great Recession”), cannot secure employment at the career/salary-level we have enjoyed for decades  and have the same question/concern:

Where do I/we go from here? Most of us have kids in high school/college, mortgages to pay etc. and are VERY qualified but cannot find a job –while our savings and 401Ks are literally disappearing in front of our eyes.  What do you suggest I/we do?

Best Regards, David

 

Dear David,

What you are describing in your Email has become the new norm for today’s Executives. A survey conducted by Netshare.com shows that 42% of our peer group is un- or underemployed –nationwide. Our own experience indicates an even higher number than that.

Many become ‘consultants’ -but are without projects or clients- while actively seeking full-time employment. They are flying and dying under the radar -and are not accounted for by the Labor Department.

When you add to this a current average executive job search time of 23 months, an average tenure of 18 months –and do the math- you’ll find that today’s average VP or C-level Executive makes no more annualized income than a full time truck driver. Add to this rampant age discrimination and you get the picture. It just doesn’t make sense.

Becoming an independent business owner, partner in an existing business, buying into a franchise etc. has become a much more viable strategy for senior-level executives.

You can find many credible six-figure-income opportunities with a good historical track record, that start as low as $12K and can go as high as you wish -or can afford.

David, you and your former colleagues DO have options. They are simply different from what you were used to in the past. You may want to reach out to your Personal Business Advisor or write to [info @ personalbusinessadvisors.com]

 

Sincerely, Sage

March 31st, 2011

Is Age a Factor For Not Finding a Job?

by AskSage

Sage,

I’d like your opinion on age discrimination. After eight different job interviews and no offers whatsoever, I wonder if my age is the reason for that. I have never had this kind of experience before during my 27-year career.

I’m a 52-year-old VP of Operations with a successful track record in public and privately held logistics companies.

Best, Gary

 

Dear Gary,

The old saying “If you feel it is true, it probably is” applies –unfortunately- here as well.

Even though age discrimination is illegal in this country, the reality is different -especially for senior-level-executives. When executive recruiters get retained or contingency searches, they hear all too often “don’t bring me anybody with more than 15 years of experience”. In other words, don’t bring me anybody older than forty.

One might argue that this is shortsighted (from a company’s point of view), but as long as quarterly (and annual results) are the only measurements we use to judge a companies’ performance, that won’t change any time soon.

So yes, if you are a senior-level-executive and have reached the tender age of 40+, you will start experiencing some (a lot of?) age discrimination.

Gary, you DO have options. You may want to reach out to your Personal Business Advisor or  write to info@personalbusinessadvisors.com

 

Sincerely, Sage