Posts tagged ‘jobs’

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 14th, 2011

What is your Hybrid model about?

by AskSage

Dear Sage,

What is your Hybrid model about? How does it differ from VC’s and Angel Investors? Looking forward to your response.

Regards, Tim

 

Dear Tim,

Great questions.

1) A venture capitalist’s (group) purpose is to invest into promising companies in exchange for as much stock, control and profit share for their capital investment as they can get.

2) An angel investor’s purpose is (typically) to invest into promising young companies he/she falls in love with, believes in their product/service and/or founder(s) and enables these companies to take their business from ideation to conceptualization to being ready to either go to market, or to attract the next round of investors (i.e. VC’s). In exchange they receive stock and- the eternal gratitude of the founder(s). Often angel investors can also be friends and family. Some invest in a multitude of different businesses in order to ‘spread their risk’.

3) Personal Business Advisor’s hybrid model purpose is to identify (typically) younger companies with a promising product/service who are in need of executive talent, and additional working capital to take their company to the next level.

These executives provide their experience/expertise/industry contacts PLUS “skin in the game” in exchange for becoming a partner and six-figure-salaried executive in that company.

As you can see, all three concepts are very different in nature, purpose and approach. Personal Business Advisors invented the hybrid model almost a decade ago and is the only firm in the U.S. to offer these opportunities on a broad base.

If you are interested in learning more about the specifics and explore those hybrid positions that might be a good match for your background and expertise, feel free to contact your/a Personal Business Advisor to set up an appointment for an introductory/matchmaking call. He/she will provide this service at no cost to you.

Sincerely, Sage

Ask Sage A Question

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