Riding the current economic wave has made a large portion of the population uncertain about the future of their chosen career paths, according to Paton Larkin, a business coach with The Entrepreneur's Source of New Canaan, part of North America's career and franchise business coaching company.
Dubbed Battered Career Syndrome by The Entrepreneur's Source, this uncertainty has left many people feeling that they cannot count on the corporate world or the unstable economy to carry them through to a prosperous retirement.
Unhappy with their results in 2013, many of these individuals are asking themselves: Is it time to reinvent myself in the New Year?
In an effort to guide entrepreneurs seeking to move from Employment to Empowerment, Larkin offers insight into becoming self-sufficient to men and women who are experiencing Battered Career Syndrome. Recognizing that the tried-and-true corporate jobs are not as prominent and reliable as they were, Larkin is asking aspiring entrepreneurs to identify their goals and reinvent themselves.
"Rather than resigning yourself to live with the notion of Battered Career Syndrome, there are steps you can take to reach your original goals and ambitions," Larkin said. "Through the appropriate means of self-discovery, you can learn what it takes to meet your short- and long-term goals so that You 1.0 can start taking action and transform into the You 2.0."
The self-discovery process includes the following steps:
Identify setbacks: It is imperative for an aspiring entrepreneur to recognize that the fear and uncertainty that come as a result of the Battered Career Syndrome are potential setbacks. As children, we used to have the ability to act on our end goals without the fear of failure. In order to move forward with a new business venture we must regain that child-like ability and have faith in our skills to carry us forward.
Redefine short- and long-term goals: One of the most important things to do when seeking to become self-sufficient is to take the time to identify your Income, Lifestyle, Wealth and Equity goals. Whether your goals are short term (spending more time with family) or long term (providing business equity for your family in the future) being honest about what is important to you is the only path to success.
Identifying your vehicle: After defining your desired ILWE, you can begin researching the business venture, or vehicle for success, appropriate to reach your goals. There are thousands of franchise concepts with systems already in place to ensure franchisee success. This step is about finding the right fit for you.