Real Life Entrepreneur How Real People Create Real Businesses Every Day

The Grim Truth About Starting a Business 80% of all small businesses started this year will be out of business by next year 80% of the remaining 20% will not be around 5 years from now If a business makes it to the 5 year mark, it is not guaranteed it will see the 10 year mark

80% of all small businesses started this year will be out of business by next year

80% of the remaining 20% will not be around 5 years from now

If a business makes it to the 5 year mark, it is not guaranteed it will see the 10 year mark

Real Life Entrepreneur #1 ZAC VOSS – Voss Distributing Statewide Distributor of Red Bull Energy Drinks 2007 Sales Projection: $6 Million Age Started: 24

Statewide Distributor of Red Bull Energy Drinks

2007 Sales Projection: $6 Million

Age Started: 24

Real Life Entrepreneur #2 TOM SZAKY -- TerraCycle Sells a product made completely of garbage 2007 Sales forecast: $5+Million Age Started: 21

Sells a product made completely of garbage

2007 Sales forecast: $5+Million

Age Started: 21

Real Life Entrepreneur #3 STEVE SHRIVER -- EcoLips Sells organic lip balm Sold his first company at 31 for $1.8M Ecolips Projected 2007 Sales: $2.5M Age started: 26

Sells organic lip balm

Sold his first company at 31 for $1.8M

Ecolips Projected 2007 Sales: $2.5M

Age started: 26

Real Life Entrepreneur #4 SHERRI SCHMELZER -- Jibbitz Sell “jewelry” for Crocs 8 Million pieces sold in the first year Bought by Crocs for $10M + $10M payout on sales

Sell “jewelry” for Crocs

8 Million pieces sold in the first year

Bought by Crocs for $10M + $10M payout on sales

Real Life Entrepreneur #5 MAX LEVCHIN -- Paypal Started company in Dec of 1998 Sold company to Ebay for $1.5 BILLION in October of 2002 His share -- $34M His age – Mid 20’s

Started company in Dec of 1998

Sold company to Ebay for $1.5 BILLION in October of 2002

His share -- $34M

His age – Mid 20’s

Real Life Entrepreneurs #6 STEVE CHEN/CHAD HURLEY Created a video sharing portal on the web Sold within a year of it’s launch for $1.65 BILLION!!! Chen – 29 ($330M) Hurley – 30 ($345M)

Created a video sharing portal on the web

Sold within a year of it’s launch for $1.65 BILLION!!!

Chen – 29 ($330M)

Hurley – 30 ($345M)

Tips for getting started in business… Find a mentor Create a business plan and/or a master vision for the business Find start up capital Keep expenses low Work for free until you are in the black

Find a mentor

Create a business plan and/or a master vision for the business

Find start up capital

Keep expenses low

Work for free until you are in the black

Real Life Entrepreneur How Real People Create Real Businesses Every Day