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    Plan B: The Real Deal Guide to Creating Your Business

    Plan B: The Real Deal Guide to Creating Your Business

    5.0 1

    by Kathleen Rich-New


    eBook

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      ISBN-13: 9781614483793
    • Publisher: Morgan James Publishing
    • Publication date: 01/01/2013
    • Sold by: Barnes & Noble
    • Format: eBook
    • Pages: 308
    • File size: 1 MB

    On her way to becoming the accidental Plan B expert, Kathleen Rich-New, spent over 25 years working for companies including Apple Computer, Nortel and Silicon Graphics (SGI). She earned three degrees in business and none of them taught her what you will learn by reading Plan B.
     
    Kathleen’s path of entrepreneurship led her down many rabbit holes, as she founded Clarity Works Consulting and The Executive Woman’s Coach. The lessons learned on her journey, plus those of many other experts will show you how to find the right Plan B business for you…and you will be able to create it faster and easier, avoiding most of the rabbit holes.
     
    Kathleen is a frequent speaker, trainer, and consults on leadership, how to get more from the employees you have, and entrepreneurism. Her mission is to help you create and grow a successful Plan B business.

    Table of Contents

    Introduction
    A Few Rabbit Holes Can Be A Good Thing
    A World of Wisdom and Tips—All in One Place
    NASA Space Shuttle Program’s End Was Actually a Great Beginning—Who Knew?
    Make Fewer Mistakes and Enjoy More Successes
    Who Will Benefit From a Plan B?
    This Real Deal Guide Shares It All—the Good, the Bad, and the Ugly
    Specific Benefits of the Real Deal Guide
    You Now Have What It Takes

    Chapter 1
    I Worked Hard, I Played by the Rules, and This Is All I Get?
    Why Is Plan A Not Working Anymore?
    The Mythical Promise of Plan A
    Financial Security Is Still Possible
    How Did We Get Here?
    Who Is Going to Pay the Bills When You Retire?
    Social Security Benefits
    Retirement Plans Designed to Benefit…Whom?
    Wrap Up

    Chapter 2
    Is Your WHY Bigger than Your BUT?
    Determine Where You Are
    Determining What You Are Ready to Improve
    Life Values Model
    Identifying What You Don’t Want and Do Want
    What You Have Created So Far
    Wrap Up

    Chapter 3
    The Real Deal about You 
    The Hero’s Journey
    Departure
    Initiation
    Return
    It Doesn’t Take a Rocket Scientist to Launch a Plan B
    Five Requirements for Successful Change
    Listening to the Right People
    Wrap Up

    Chapter 4
    There Are Many Paths to a Plan B
    Start Packing for Your Journey
    Four Ways to Create Your Plan B
    Overview of the Four Plan B Options
    The Wealthy 1%
    Starting Your Own Business
    Buying an Existing Business
    Buying a Franchise
    Network Marketing
    Wrap Up

    Chapter 5
    Thinking It Through: Avoiding the Pitfalls of Wrong (and Costly) Decisions
    A Structure for Thinking Through Your Plan B
    Critical Resources for All Businesses
    Time
    Money
    Finding Your Work Lifestyle
    Type of Work
    Type of People
    Location of Your Work
    Energy Required, i.e., Your Physical and Mental Stamina
    Emotional Toll
    Exit Strategy
    Wrap Up

    Chapter 6
    Six Key Ingredients of the Most Successful Businesses
    Favorable Market Trends
    Consumable Products or Ongoing Services
    Perfect Timing
    Strong Compensation or Attractive Margins
    Powerful Partnerships
    Unique Products or Exclusive Technology
    Universal Truths for Business Success
    Wrap Up

    Chapter 7
    The Real Deal about Starting Your Own Business
    Starting a New Business
    Two Types of Start-Up Businesses
    Duplication
    Innovation
    The Real Deal Checklist
    Wrap Up

    Chapter 8
    The Real Deal about Buying a Business
    What Happens When You Ignore the Experts, the Resources, and the Information?
    Buying a Business 101, and More
    Advantages and Disadvantages of Buying a Business
    Applying What You Have Learned
    Beginning the Search
    Protecting the Seller’s Information and Proving Your Financial Resources
    Conducting Your Due Diligence
    Meeting with the Seller
    Making the Offer
    Wrap Up

    Chapter 9
    The Real Deal about Buying a Franchise
    Franchising 101
    Franchises Have Many Advantages
    Franchises Also Have Disadvantages
    Franchise Controls and Restrictions
    Four Franchise Models
    Selecting a Franchise
    Six Key Ingredients for Evaluating a Franchise
    The Real Deal Checklist
    Shopping for a Franchise
    Internet Search
    Shopping at a Franchise Exposition
    Using a Franchise Broker
    Advantages of Using a Franchise Broker
    Disadvantages of Using a Franchise Broker
    Finding a Franchise Broker
    Interview Questions for Evaluating Brokers
    Franchise Advisors Work for You
    Finding a Franchise Advisor
    Conduct Your Due Diligence
    Should You Buy a New or an Existing Franchise?
    Wrap Up

    Chapter 10
    The Real Deal about Network Marketing
    Giving You the Real Deal Guide on Network Marketing
    Network Marketing Advantages
    Network Marketing Disadvantages
    Network Marketing: Ponzi Scheme, Pyramid Scheme or Path to Profit?
    Network marketing Controls and Restrictions
    Network Marketing 101
    Percent of Sales by Major Product Groups
    Is Network Marketing the Best Plan B Option for Me?
    Six Key Ingredients for Evaluating a Network Marketing Company
    Use the Real Deal Checklist to Evaluate a Network Marketing Company
    The Two Methods to Make Sales in a Network Marketing Company
    How Network Marketing Sales are Typically Made
    Typical Network Marketing Compensation Plans
    Due Diligence for Selecting a Network Marketing Company
    What to look for in a company
    Selecting Your Up-Line
    Up-Line Due Diligence Checklist
    Wrap Up

    Chapter 11
    Putting Your Plan B into Action
    Plan B Success Stories
    Get Busy Narrowing Your Options
    Plan B Option You Are Evaluating
    Researching Your Chosen Plan B Option 
    Starting a Business
    Buying a Business
    Buying a Franchise
    Network Marketing 
    Veterans, Active Military, and Trailing Spouses
    Wrap Up
    The Increasing Popularity of Plan B

    Appreciation & Acknowledgements
    Resources and Offers
    About the Author
    Index

    What People are Saying About This

    From the Publisher

    "No hype or theory here. Plan B gives you the good, the bad, and the ugly about the four ways to create a business. Kathleen offers you the secrets most new business owners don't know until it's too late. You learn what lies ahead so you can start with your eyes wide-open."
    -Joe Pici, Speaker, Trainer, Author Sell Naked on The Phone

    "As a long-time promoter of strategic and tactical planning, I have always advocated the need for a "Plan B" (and, sometimes, a Plan C and a Plan D), I am delighted to recommend Kathleen's Plan B book. It is chock full of practical ideas for making your business dreams come true. Buy it; study it, and don't lend it out."
    -George Morrisey, Author Creating Your Future: Personal Strategic Planning for Professionals and Morrisey on Planning.

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    In an easy-to-read format, Plan B helps you determine how to create a Plan B business that fits your skills, interests, and preferred work lifestyle. You will learn the four ways to create an income when there aren’t any jobs available or any jobs that interest you. Filled with stories of successes and failures, you learn the good, the bad, and the ugly about each of the business models. For the first time, you will learn what it takes to succeed in business and be able to get out of job jail.

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    From the Publisher
    "No hype or theory here. Plan B gives you the good, the bad, and the ugly about the four ways to create a business. Kathleen offers you the secrets most new business owners don't know until it's too late. You learn what lies ahead so you can start with your eyes wide-open."
    -Joe Pici, Speaker, Trainer, Author Sell Naked on The Phone

    "As a long-time promoter of strategic and tactical planning, I have always advocated the need for a "Plan B" (and, sometimes, a Plan C and a Plan D), I am delighted to recommend Kathleen's Plan B book. It is chock full of practical ideas for making your business dreams come true. Buy it; study it, and don't lend it out."
    -George Morrisey, Author Creating Your Future: Personal Strategic Planning for Professionals and Morrisey on Planning.

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