Starting Your Own Business - Oakgov
Starting Your Own Business:Tips for EntrepreneursWe will be starting the presentation shortly
Workshop Guidelines Please be courteous and respectful to the host andother participantsThis is an interactive session – we welcome you to askquestions by unmuting your microphone or via chatThe workshop presentation and other materials will besent to all participants who provided an email addressFor additional career assistance, connect with yourOakland County Michigan Works! service centerContact information is listed on the web atOaklandCountyMiWorks.com or call 800-285-9675
Workshop Overview EntrepreneurshipPros and ConsThe Business Planning ProcessMarket ResearchEssential Tools
Entrepreneurship Designing, launching andrunning a businessWillingness to develop,organize and maintain abusiness venture along withany risks to make a profitSmall business, Onlinebusiness or Home-based
Why Entrepreneurship? Control / FlexibilityFreedomUnlimited Earning PossibilitiesPhilanthropy and CommunityLegacy
What is an Entrepreneur?An individual who organizesand operates a business,undertaking the financialrisks associated withcreating, organizing andowning the business.
Successful Characteristics ofEntrepreneurs Risk takerCreativePassionateMotivated
Some of the Pros Job SatisfactionSuccessFreedomHappinessMoney
Some of the Cons Work ScheduleYou are ResponsibleNo GuaranteesCompetitionLosses
Business Planning ProcessI. DiscoveryII. Market ResearchIII. Concept DevelopmentIV.ResourcingV. ActualizationVI.Harvesting
Discovery
DiscoveryGenerate ideas, recognize opportunitiesand study the market.Consider the following: Hobbies or Skills Consumer Needs and Wants Conduct Surveys and Questionnaires Study Demographics
Market Research Survey customers,get feedbackIdentify your target marketTalk to your potential customersFind out if your market isbig enoughDocument your findings
Concept Development
Concept DevelopmentDevelop a Business PlanA detailed proposal describing the business ideaChoose Location for the BusinessIs the business online or does it have a physical locationfor customers to visit to purchase products/services, or isit a combinationWill you need a Patent or Trademark?
ResourcingIdentifying and acquiring the financial, human andcapital resources needed for the venture startup. Discover Potential Investors Apply for loans, grants and financial assistance Hire employees
ActualizationDay to day business operations and utilizing the necessaryresources to achieve its goals / objectives.
HarvestingA harvest strategy involves reducingspending on an established product/servicein order to maximize profits.Identify Future Plans for the Business: Expansion to additional locations Change in structure or processes
Essential Tools
Essential Tools Business entPlanningResearchGrowth
Michigan Small BusinessDevelopment ess-Forward/Pages/default.aspx
Professional Network Management UpHabitHootsuiteSlackQuickBooksWordPressZoom - Video ConferencingGoogle SuiteCalendyIntercomTrello
Resources Oakland County Business Forward Small Business eneur www.entrepreneur.comScribd https://www.scribd.com/Santam www.santam.co.zaHouman Asefi www.houmanasefi.comBplans https://www.bplans.comuphabit https://uphabit.comAccess employment https://accesemployment.caTrademark/ Patent rade defin.jspMore Virtual n/Pages/virtual-workshopprogram.aspx
QUESTIONS/ COMMENTS
Starting Your Own Business: Tips for Entrepreneurs. We will be starting the presentation shortly. . Is the business online or does it have a physical location for customers to visit to purchase products/services, or is it a combination. Will you need a Patent or Trademark? Resourcing.
Business Plan for Printing inks, Starting a Printing Business, Starting a Printing inks manufacturing Business, Starting an Ink and Toner Cartridge Refilling Business, Starting an Offset Printing Press, Starting Corrugated Package Box Manufacturing Business, Startup, Startup Ideas, Startup Project,Startup Project for Corrugated Cardboard Box .
PART II: STARTING YOUR BUSINESS 4 THE BUSINESS PLAN Why Plan a Business? Components of a Business Plan 47 49 5 DETERMINING YOUR MARKET Some definitions . to the day when you would be able to work according to your own time, be your own boss, and enjoy all the money earned from your own efforts,
STARTING YOUR OWN BUSINESS Banque Cantonale Vaudoise P. O. Box 300 1001 Lausanne 0844 228 228 www.bcv.ch 41-953/17.09 Avenue d'Ouchy 47 Starting your own business - A guide to setting up a company in Switzerland P. O. Box 315 1001 Lausanne www.cvci.ch 021 613 35 35. Important legal information
2 Starting your own business 4 3 Business plan 8 4 Employment law issue 9 5 Legal forms 14 6 Registration 24 . such as paying taxes and VAT and keeping records of your business activities. Preparing well is the best way to start. You are definitely not on your own; plenty of . A branch can be: a sales
Starting Your Business in Illinois Handbook / 1 Dear Illinois Entrepreneur, The Illinois Department of Commerce & Economic Opportunity is pleased to provide this Starting Your Business In Illinois Handbook to help you create, operate, or expand your business. Starting and owning a
GUIDE TO STARTING YOUR OWN BUSINESS 4 My notes: Yrittjt Finnish Enterprise Agency DRAWING UP A BUSINESS PLAN Don't be afraid of drawing up a business plan - this is how to do it easily! A good business plan is important for a new entrepreneur. A small business owner can get started with quite a simple plan.
Page 4 ggetta – Starting an owner – driver trucking business SETTING UP YOUR BUSINESS According to business.gov.au (2014), planning should always be the first step in developing your business. A business plan is a document that describes your business, its objectives, strategies, target market and financial forecasts. It gives your business direction and helps you prepare for the things .
Carson-Dellosa CD-104594 2 3 1 Day 1: Day 2: 55 6 10 8 4 5 Day 3:; ; 8; 7
