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

sstrong@esourcecoach.com

linkedin.com/in/smstrong