Slideshare jan 2011
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Transcript of Slideshare jan 2011
THE NEW CAREER ECONOMY®
THE NEW CAREER ECONOMY®
GERRI SEFI SELF-EMPLOYMENT COACH
Canadian workers face job uncertainty
Canadian workers face job uncertainty
The job market is changing.The time to explore your options
Is NOW
OUR PRESENT ECONOMYOUR PRESENT ECONOMY
• Recession: Defined as two consecutive quarters of decline in real GDP
• 1929 – recession lasted 22 months
• Aftermath of 9/11 – almost 12 months.
• Second recession in a decade
started in December of 2007
• 36 months later - is it over?
• Is it really still a recession or is it a jobless recovery?
Source: StatsCan
NATIONAL UNEMPLOYMENT RATENATIONAL UNEMPLOYMENT RATE
PREVIOUSYEARDEC 2009
PREVIOUSNOV. 2010
CURRENT DATADEC. 2010
Unemployment 8.5% 7.6% 7.6%
Employment 61.4% 61.8% 61.8%
Labour force size 18,439,100 18,654,800 18,674,000
Net jobs gained(from prev. period)
(2,600) 15,200 22,000
SOURCE: Statistics Canada, Labour Force Survey *seasonally adjusted
“ I NEVER THOUGHT IT WOULD HAPPEN TO ME”
“ I NEVER THOUGHT IT WOULD HAPPEN TO ME”
• The length of time to find new employment has grown.
• Competition is fierce – the rise of social media an networking events is evidence that everyone is trying to find an “edge”.
WHO GETS HIT THE HARDEST?WHO GETS HIT THE HARDEST?
• Good News: In a typical economy, unemployment rate for people with college degrees is approximately half for those with no degree.
• Bad News: This economy is anything but typical.
• In fact, senior executives are among the hardest hit.
WHO HAS CONTROL OVER YOUR FUTURE?
WHO HAS CONTROL OVER YOUR FUTURE?
Increasing consumer debt Longer work,
less money
Company downsizing
Enormous corporate
bankruptcies
Lengthy lay-offs Massive pension deficits
The elimination of benefits
Old Age Security
insolvency
There could be a storm on your horizon
STILL HAVE FAITH IN CORPORATE CANADA?STILL HAVE FAITH IN
CORPORATE CANADA?
• There is a dramatic increase in the rise of out-sourced service centres = visible loss of jobs.• Pension plans are under-funded – if
you even had a pension plan.• The near collapse of the stock market
last year left corporate pension plans underfunded by billions of dollars.
• Eroding confidence in corporate executives
“Careers” in the New Career Economy®?
“Careers” in the New Career Economy®?
The lifetime of a typical New Career Economy employee:
– 6 to 8 job changes
– at least 3 changes in profession
DENIAL WON’T CHANGE YOUR FUTURE DENIAL WON’T CHANGE YOUR FUTURE
THE QUEST FOR THE GOOD LIFETHE QUEST FOR THE GOOD LIFE
EVERYONE WANTS TO STEER THEIR OWN SHIP
EVERYONE WANTS TO STEER THEIR OWN SHIP
• Know your OPTIONS!
• Break free from the traditional employer- employee relationship
• Learn what successful people are doing
Successful people DO steer their own ship
IS IT TIME TO WORK FOR THE PERFECT EMPLOYER … YOU!
IS IT TIME TO WORK FOR THE PERFECT EMPLOYER … YOU!
• Successful people work to build their own future, not someone else’s
• What are your options for self-sufficiency?
SO IS SMALL BUSINESS THE ANSWER?
SO IS SMALL BUSINESS THE ANSWER?
• 97% of businesses in Canada are classified as “small”.
• Small businesses contribute nearly 43% to Canada’s economic output.
• 75% of small businesses employ fewer than 5 people.
• 59% of small business owners are men – 41% are women.
GOING TO ALONE = LOWER COST/HIGHER RISK
GOING TO ALONE = LOWER COST/HIGHER RISK
• A marketable product or service
• Expertise to manage a business alone.
• Vision and an executable, sustainable business plan
• Cash and/or access to a friendly bank
• The ability to take unquantifiable risk
• Relationships and Good Luck
Why most independently-owned small businesses don’t work
Why most independently-owned small businesses don’t work
• Knowing how to bake a pie does not guarantee you success in owning a bakery.
• Common belief says “do what you know and love and you will be successful”
• Can you be an expert in every aspect of your business?
The alternative to going it alone:find a TEAM to support you
The alternative to going it alone:find a TEAM to support you
• Millionaires are "team-made"
• A good team ill include the following:– Mentors who act as
coaches– Like-minded, supportive,
wealth builders and visionaries
FRANCHISING – DID YOU KNOW? FRANCHISING – DID YOU KNOW?
• Franchises account for 40% of all retail sales (*Walmart is not a franchise*)
• There are 78,000+ franchises in Canada
• Franchising employees over 1M Canadians
• Franchising accounts for 10%+ of the gross Domestic Product
• Franchising accounts for 1 out of every 5 dollars spent by consumers in goods and services
• On a per capita basis, Canada is the most franchised country in the world
GOALS – NEEDS - EXPECTATIONSGOALS – NEEDS - EXPECTATIONS
Four crucial steps:
• Define your goals
• Map your course
• Build a winning team
• Explore your options
And work with a coach who will be your guide and cheerleader
SUMMARY SUMMARY
• The New Career Economy is upon us.
• We can no longer just look the other way
• You owe it to yourself to explore your options – TODAY!
• How to find the right business? Speak with me, Gerri Sefi, about you options and career transition.
• We’ve helped thousands of people find the right opportunity with our coaching, support, experience and relationships with franchisors.