Confidence and Success > Business/Work
Business Challenge
Robmeister:
After several years in the financial services industry as an accountant and mortgage consultant, for the past year or so, I have had a position as a sub-agent financial consulting mentorship with one of Denver’s top financial planners. I’ve been learning A LOT, although the earning part has not hit a consistent level yet and to steadily outpace the expenses involved. It has been a long-term goal to EVENTUALLY be weaned from the mentorship…..save up enough money…and open my own office.
Due to circumstances beyond my control, my mentorship is being cut short ahead of saving much money. Some skeletons in my mentor’s closet have come to light—business wise—that have him under close scrutiny from the regulatory powers that be. Consequently, my lawyer has advised me to disassociate myself A.S.A.P. so as to protect and preserve a good reputation at this early stage of my entrepreneurship.
So we are faced with opening our own office MUCH sooner than expected…and before being as “ready” as we thought we needed to be. So our income and start-up capital is a HUGE question mark.
Anyway, you’ve all become pretty good online mates and I thought I’d solicite your support, prayers/positive thoughts-imaging.
My poor boss/mentor stands to have his biz go down the tubes. Hence the “Phoenix rising out of the ashes” of his demise that I’m faced with putting together. But I gotta do what I gotta do…..one of the reasons I started the “Motivational Quotes” thread.
I know in many cases these things lead to a step up in career development….but it’s not going to be a slam dunk. Any testimonies of this type of transition happening to you or family/people you know FOR THE BETTER would help keep my motivation high.
Thanks, mates
robmeister
Robmeister:
Here's a bit of my bio -- for what it's worth to ya.
==============
In addition to being a licensed financial consultant and Certified Equity Alliance Specialist, Rob’s diverse and interesting background prepared him well for his career in the Financial Services Industry. He made a significant mark in the music business as a performer, drummer and songwriter in the eighties, before preparing for a commission in the nineties as a Chaplain with the U.S. Navy. Since then Rob has served in various capacities in financial services, including mortgage consulting and corporate accounting in the retail, commercial real estate and investment industries. He applies his abilities and skills that he learned in those roles, including his heartfelt dedication, accounting expertise and an innate aptitude for numbers, to helping his clients navigate the financial consulting experience with ease. Rob is a frequent guest host on Southern Financial Corporation’s radio program, “The Essence of Financial Planning,” which airs on Wednesdays and Thursdays at 2:00pm on KRKS 94.7FM.
Rob was born and raised in Long Beach, California. He earned his B.A. in Theology with honors from Columbia International University. Rob has also engaged in significant Masters-level postgraduate studies in Theology, Accounting and Finance. He relocated to Colorado with his wife, Nancy, in 2003 and loves the outdoor activities the area provides. He still enjoys playing the drums and likes traveling, skiing, camping and his favorite past time, impromptu backyard campouts with his two young children, Bekah and Preston.
Tyler:
Rob, I've been in your shoes before, though I was much younger and the stakes weren't as high.
How confident are you about working with some of your mentor's current clients? Have you had much exposure to his current clientelle?
I ask these questions because if he's about to fall as hard as you imply, then his clients are going to be left without representation in your area of expertise. You, being a mentor of his, can then bear the torch that he lit. You would need to spin your sales pitch so that you don't appear to have learned the negatives of his practices, but rather all the good stuff that his clients were sold on before.
Lawyers are typically trusted advisors that look out for your best interest, but they are also deal killers as they tend to be very conservative. Ask your lawyer how he can help you take advantage of this situation while minimizing your risk.
I'll pray for you buddy! In the meantime, if you're looking for some comfort in facing trials, try reading this speach by Steve Jobs: http://www.silist.com/JobsSpeech.htm
VFRWolf:
I hope it works out for you. I looked at buying a shop, getting out of IT completely, it would have been fun, something I would have enjoed, and I believe we could have made it work. Would have been tight for a year or so on just the wife's paycheck, but I was willing to try. We just couldn't come up with the funding needed. Not without including her father and I wasn't willing to do that.
Good luck to you, nothing ventured, nothing gained.
Hawk:
Best wishes on your venture! I was a corporate banker for many years (about 10) and about 5 years ago I made a career change (I was bored with banking) and got into consulting for banks and placing VP to CEO level bankers and two years into it the firm I was with got bought and I wasn't under a non-solicit or non-compete so I formed my own Executive Search Firm and have been on my own since 2003 and I couldn't imagine any other way of life now. Running your own shop is the way to go. Scary at first, but put your blood, sweat, and tears into it and it will pay off. Best wishes!
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