1) Last night we saw the farewell concert of Micheal Christie with the Phoenix Symphony Orchestra. Great show and technically a great exhibition of musical prowess. I, for one, am sad to see him go. Over the past eight years he has been the stick-man here and successfully carried the PSO through the toughest of economic times. The Denver Post named him 2010’s Musician of the Year. Christie is known as a “game-changer and has brought a modern touch to classical music by integrating multimedia and highly theatrical elements into our orchestra’s work.
Christie is leaving us for the Minnesota Opera. We wish him only the best.
2) Check out this video about what the internet is doing to our brains.
It is hilarious and at the same time absolutely scarey.
All this time I thought my "squirrel" syndrome was due to my advanced age.
So, back to our work at hand.
Today we will cover a few more options to secure yourself financially in your golden years without having to "find another job".
"Find Yourself a Job".....eeech, doesn't that sound awful !!!
So what do you think about buying a franchise?
Chances are, if you've thought of striking out on your own and starting a business, somebody has suggested that you buy one.
For those who aren't familiar with the concept, a franchise is a ready to launch business: McDonald's is a franchise, and so is Subway, Jiffy Lube, Supercuts—the list runs into the thousands. Almost any time you go into a store that is a national chain, odds on you're in a franchise.
Here's how it works. An individual buys into the franchise, which may cost from several thousand dollars to hundreds of thousands of dollars giving them a market proven business platform to run a UPS Store, a Domino's Pizza, a Gymboree, and so on. The franchisee then pays an ongoing franchise royalty fee out of its sales to the parent corporation to pay back debt for the equipment, marketing, supplies, etc. The good news is if you are a business savvy entrepreneur, whatever is left over, and hopefully it's a lot, you get to keep.
1. You want to work for yourself. As Joel Libava, a franchise consultant who runs TheFranchiseKing.com, says, "Becoming a franchise owner is a great way to avoid ever having to deal with a tough job market ever again."
But it isn't utopia in the franchise world. You'll have the franchisor's corporate headquarters to deal with—the mother ship, if you will. This isn't a relationship that will likely work for someone who is completely headstrong and independent. For instance, if you own a McDonald's, while you can do things like hire and fire employees, you can't paint the golden arches turquoise, copper and teal. But that's a good thing. You don't buy a franchise because you want to change it. You buy it because it's a tried-and-tested business model.
2. You thrive on hard work. Many people buy a franchise expecting a "business in a box." The misconception is that you open the doors, customers will come, and it'll run itself. There's no guarantee that will happen, though, especially if the brand name isn't one that everyone is intimately familiar with. This part of the job will be no different from when you were a pawn in the corporate culture. You will need to be motivated and willing to put all of your time and energy into your business to make your investment pay off. You also need to suck it in and follow the franchisor's system down to the letter. Many people get an adrenaline rush from running a business, and if that's how you roll, consider buying a franchise.
3. You don't want to take too much of a risk. The biggest advantage of going into franchising is that you have the experience of the franchisor and the system's established franchisees that guide and support you. If it is well known franchise then you know the business platform works.
A reputable franchisor will offer ongoing training and support; nobody's going to hand you the keys and expect you to magically understand how an Ace Hardware is run. Plus there is effective buying power and efficiencies of scale in the franchise system. The franchisor can negotiate lower prices for the products and services you need to run your business.
Although very similar to a franchise, you can buy a business startup kit that has all of the nuts and bolts of a franchise ready for you like the business plan, equipment, marketing platform, etc. but you make this business your own. You put your name and stamp on it.
These kits are available in hundreds of different forms. You can become the owner of almost any type of company. How about an import/export business, a boutique restaurant, a cleaning service, laundromat, an office maintenance firm, travel service, home design team, a hair salon, a travel service or maybe even a sign/print shop like my good friend Gordy Wolfe started out in Corona, California?
Gordy and I grew up as neophyte salesmen in the Phoenix market for Glidden paints back in the early 90's. When I first met Gordy, I knew right away that he was destined for success no matter what. He had that innate business sense surrounding him where he emanated trust and loyalty and common sense and customers were always attracted to him. We hit it off instantly and have had a friendly business success rivalry ever since.
Well, we both took similar but different paths through the same but different corporate world and recently we both found ourselves "unceremoniously kicked to the curb" (will my overindulgence to embellish how I was terminated by my past company ever stop? LOL) wondering what we were going to do without having a safe and secure company job to wake up to every morning.
Well, I don't know the complete back story of how Gordy chose the business he did to rebuild himself financially but Gordy went deep when it came to "thinking out of the box" and set himself up with a wonderful start up business that focuses on signs, printing, media and vehicle wraps called Majestic Sign Studio.
He initially knew absolutely nothing about this type business but had the business savvy to successfully launch it last year and is growing exponentially in his second year. Gordy needed to be his own boss. Gordy needed to control his destiny. Gordy needed to respond to his high levels of urgency and energy.
OK, that's enough of a marketing plug (do you sense here that I am a little bit jealous) for my buddy. Let's get back to the business basics on startup businesses.
Most times the start up costs with these business packages are lower than with a franchise and the apron strings are not as tight when it comes to following corporate protocol. This is your business to name, establish, market and grow.
Again, you need to have the urgency to work for yourself, the stamina and resolve to work long, hard hours as the boss and be ready for the challenge of a startup business.
Maybe you are looking for even more security (and possibly less out-of-the-pocket investment) than a franchise or start up business has to offer.
Maybe you are just looking for a residual income that pays you over the long-term.
Then network marketing is a great option.
Why not sell other people's products since you are probably already good at it already(is that a double positive?).
Make-up companies such as Avon and Mary Kay are always looking for new sales representatives, travel companies are eager to build their forces with new agents as are other retail type companies such as kitchen products seller Pampered Chef.
If you don't have to make a big investment to get into it, it's probably not a bad idea. All you need to do is choose a company and a product you have an affinity for and build a market or network for it. First you offer your wares to your “warm & fuzzy” market of friends and relatives. You may even bring a few on board to supplement your selling. The real income happens when you build an organization of others who are also selling the product for you.
The product is a "revolutionary" anti-aging treatment that rivals the results of Botox without the scary injections and poisons.
The business startup runs $500-$1,000 including a website, marketing materials, product, and training.
I think the key to being successful with this type of system is that you have to believe in the product you are selling.
If you are not a "perfumes, potions and pills" kind of person then there are alternatives like I stated above.
I know a man who jumped into a unique and tech oriented marketing system called "izigg" to help businesses use text messaging to market themselves.
It’s a business anyone can do, has very low overhead, it's cutting edge tech based and…..wait for it………it can pay a significant residual income if you drive it successfully.
I am looking for ways to integrate it into my businesses as well.
Are you getting the idea that maybe you just haven't given what you want to do with your life enough thought?
Hopefully, you are starting to see that there are some incredible, and often times, fun options to the dread of resorting to work in the "corporate jungle".
If you are with me (remember, this is a two-sided conversation and I am always hoping to hear your ideas, suggestions and comments about my blog ideas) then I will continue to help you "THinK OutSidE of tHe BOx" some more and we'll dig into even more options for generating income even though we are in our 50's.
Stay tuned and Thanks for joining me !!!