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TRANSCRIPT
Absentee Ownership
Hosted by Susan Strong ’77
Welcome!…we will begin the webinar at the top of the hour
Part-Time or Absentee Owner Businesses … Find out the benefits and facts
Welcome…and thank you!
Agenda
Introduction
Benefits of Absentee Ownership
Finding A Business Model That Meets Your Goals
Wrap and Questions
Your Presenter
• 35 years of business experience in Human Resources, Marketing, Finance
• Independent franchise owner of “The
Entrepreneur’s Source” and Advicoach, starting in August of 2009
• Coach to hundreds of executives,
small business owners, employees, and job seekers to help them identify their greatest skills
• Third Generation UC Berkeley
Alumna, Class of 1977
How Do You Stay Ahead in the “New
Career Economy?” • You need to adopt more of a “Free Agent” mentality
• Resiliency/pro-activity/skill enhancement need to become part of your lexicon
• Continue to develop skill sets and seek education that makes you more versatile, flexible and balanced vs. focusing exclusively on functional or company-specific skills
• Choose employers that offer substantial and flexible education and training benefits or develop them yourself
• Diversify your revenue streams beyond the “job” • People can no longer count on a job as their only/primary
source of income • Investments (real estate, stocks) as part of the solution • Business ownership as a career alternative; it’s now easier
than ever
3 Types of Business Models to Fit
Your Lifestyle and Business Goals
Full-Time Part-Time
“Semi-Absentee” Absentee
Full-Time Business Ownership
Owner-Operator Model
Full-Time
On-site, leading
and managing the
day-to-day.
But what about
alternatives?
While full-time business ownership is the first
that comes to mind, it isn’t the only way…
Especially if you are thinking….
• I love my job and don’t want to
quit, but something on the side
might help fund my retirement or
kids’ college
• I have a lot of commitments with
the kids, sports, and PTA
• I’m not sure that I can let go of a
regular paycheck until the
business gets ramped up
• I love adventure and hard work
and I can do it all…with some
good help!
• We’ve got some cash to invest
and business will return more than
traditional saving alternatives
Part-Time Business Ownership
Executive Model
Off-site, leading the
strategy. Hiring staff
to manage the
day-to-day
Part-Time
Business
Ownership
What Are the Responsibilities of a
Part-Time Owner?
• An individual who wants to continue
their employment either full-time or
part-time
• Someone who can oversee the
business up to 25 hours per week,
possibly with the help of a spouse
• Someone who only wants to work in
the business up to 25 hours a week
• Someone who is interested in
having incremental income and
build equity
Absentee Business Ownership Off-site, leading the strategy. Hiring staff to manage the day-to-day
Absentee
What is an Absentee Owner?
• An owner who is not
involved in the day-to-
day operation of the
business.
• Usually has a manager
who oversees the
business.
• Supplemental income
and equity appreciation
of the business
Most Common Characteristics
• The owner may have full-time
employment.
• The owner may have another
business that they devote their full- or
part-time attention to.
• Someone who wants to earn
incremental income and build equity
in having another business or number
of businesses.
• Someone who wants to invest in
business ownership versus other
investments to achieve their financial
goals.
• The owner may live in another
geographic area.
Diversify
Income Stream
Build add’l equity
Keep job… Family can run it
Start small & evolve Into full-time
Is Passive Ownership Possible?
Yes, absentee- or semi-absentee is possible…
It is done by individuals and corporations
every day.
Even NFL players….
Peyton Manning
The quarterback signed a
deal to purchase 21 Papa
John's franchises in the
Denver area two weeks
before voters in Colorado
approved an amendment
legalizing recreational pot use
in the state. The jock
stereotype cannot hold up in
the face of business savvy
like this.
A lower risk option because most
people maintain their full time job.
For example, the
owner can open one
unit and then
additional units in the
future.
Many franchisors’ business models
are set up exclusively for the
absentee or part time owner.
Many individuals find that they
have a much higher rate of return
on business ownership than other
types of investments
because…
Higher Returns…
• It is a proactive versus reactive
investment
• It can have a greater potential for
return than an uncertain stock market.
• It can have a greater return than the
volatile real estate market
• Profitability on a monthly and yearly
basis along with equity appreciation
• Investment levels generally run from
$100,000 to $350,000.
Here are just a few examples…
What is Franchising?
• Over 4,000 franchises in
75+ industry groups
• 41% of all independent
businesses
• Contributes <$1.5 T/year
to the economy
• Generates one out of
every seven jobs
• New franchises every 8
minutes
What Do I Get for My Money?
• Proven business system • Initial training • Ongoing support & training • Business software • Marketing campaigns and
materials • Exclusive marketing territory • Equipment • Site location assistance • Build out assistance • Future vision & operational
growth plans • Possible financing assistance
But…
Most perfectly matches your skill set Most perfectly matches your budget Most perfectly matches your income, lifestyle, wealth, and equity goals
It IS about identifying a business that:
Find a Coach
Step 1 • Complimentary Coaching Session
• Coach and Client clear on goals, dreams, lifestyle, income, wealth, equity
Step 2
• Coach identify business opportunities to match on client goals—vehicle to deliver on those goals. Step 3
• Research and Validation
• Identify Financing options (including how to pay yourself through start-up)
• Compare models against goals
Step 4
• Get to know you—complete online questionnaire
• Executive Assessment
95% of our clients discover options that
they would not have explored on their own
No cost for our placement coaching
services
Summary
• The top trends in our job economy point to one all-important objective: you need to explore optional plans for your future—TODAY!
• Having the right information is one of the crucial keys to your success
• Franchising is one of the time-tested models of success for
people desiring to manage the risk of business ownership
• Partnering with a coach offers many benefits to discover
possibilities and options that you never would have never
discovered on your own
The Entrepreneur’s Source (TES)
• Small business coaches; franchise expertise – 230 offices nationwide
• For over 30 years educating those considering business ownership
• Coaching—help clients explore self employment options; stay focused on goals
• Bring the right fit businesses to clients
• AIM & FAST On-Line Programs
• Use education, assessments and on line business courses
• No cost for our placement services
Who We Are and What We Do
"A coach is someone who tells you what you
don't want to hear, who has you see what
you don't want to see, so you can be
who you have always known you could be." - Tom Landry, Coach – Dallas Cowboys
Our Services Are Free To You—Call Us To
Discuss What You Are Trying To Achieve
Susan Strong
The Entrepreneur’s Source
(510) 863-2656
linkedin.com/in/smstrong