The idea of owning running a business is exciting and can be very rewarding. However, becoming a successful business owner can also be very challenging. It requires the right mindset, perspective, attitude, traits & know-how.
Our Free Business Training is designed to give you an insight into what it means to own a business and provide you with the basics to get you started off on the path to success.
This compact but complete 10 session program will cover topics from accessing if business ownership is the right path for you,planning, opening your business to growing and expanding.
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Is Business Ownership For You?
1. Welcome
To Our
Free Business Training Webinar
Is Business Ownership For You?
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 1
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
2. I
n
t About Baanabaana Business Agency
r See our website – www.baanabaana.com
o
d Why this training
u I wished I had this when I started out
c
I love to share what I know
t
Help entrepreneurs set a solid business foundation to build upon
i
o
A business savvy customer is the best customer
n
What to expect
Listen only mode * Interact via our blog * Feedback survey
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
3. T
r
Training Overview
a
i Topics
n
Is Business Ownership For you?
i
Writing Your Business Plan
n
g
Business Organization
Registration, Licenses, Permits Insurance
O Business Finances & Financing
v Business Location
e Tools, Technology & Equipment
r Staffing
v Marketing & Opening
i Growing & Expanding
e
w
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 3
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
4. W
e Is Business Ownership For you?
e
k Personal Evaluation
O
Business Vision
n
e
Business Selection Recommendation
T
o Choosing The Right Path For You
p
i
Getting the skills
c
s
What To Do / What Not To Do
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 4
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
5. P Characteristics Of An Entrepreneur
e
r Creative Visionary * Independent Thinker
s Dreamer Planner Communicator * Gutsy Dedicated Motivator
o Self-Fulfilled Socially Conscious Seeker * Zen Focused Storyteller
n
Gregarious Confident Innovator * Proactive Tech Savvy Leader
a
l Honest Action-Orientated Salesperson * Pedantic Resourceful Risk-taker
Organized Money-wise Negotiator * Customer Centered Jack/Jill-of-all
E Expert Self-Promoter * Competitive Accessible Go-getter
v Fair Culturally Fluent Team Player * Hardworking Patient Collaborator
a
Persistent Optimistic Realist * Analytical Empathic Listener
l
u Compassionate Adaptable Professional * Conscientious Loyal Worker
a Responsible Inspiring Manager * Tenacious Problem-solver
t Open-minded Opportunist * Panoramic Strategist
i Passionate Learner
o 1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 5
n www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
6. P
Critical Traits
e
r
Gutsy Risk-taker
s
o
Courage, determination, nerve, intense desire/need to take the risk and leap
n toward having your own business.
a Expertise
l Working knowledge about the business industry you plan to be in before you start
at the very least. Good dose of common sense, willingness to learner, appropriate
E experience
v Patience
a Becoming successful takes time. You may have failures before you make it
l
u Adaptable Opportunist
a There is a good chance that things may not go as you envisioned. Be ready to take
t advantage of opportunities. Nurture the ability to turn a failure into opportunity
i
o 1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 6
n www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
7. P
Why would you need to evaluate yourself?
e
r
s Everything about owning a small business revolves around one thing and that is YOU
o
n
a
Check for other readiness factors before you launch
l
Other personal circumstances and of those close to you – health issues, family
support
E
v Factors beyond your control still depends on YOU and how you react and how you
a handle them
l
u
a
t
i
o 1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 7
n www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
8. B
u Business Vision
s
What you visualize when you think about being in business
i
n Some Questions to ask yourself
e Where do you want to work?
s How many hours per day do you want to work?
s What do you want to do daily?
When do you want to work?
V
How do you want to dress for work?
i
s
Solopreneur or working with others?
i What would you love/hate doing?
o Moonlighting* or full charge?
n How big do you want your business to be?
etc
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 8
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
9. B Why You Need A Business Vision
u
s
i
To help you plan effectively
n
e For Direction – every journey needs a road map
s
s
For Destination – so you know when your dreams have comes true
V
i
Exit Strategy
s
i
o
n
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
10. B Create Your Vision & Write Your Sound Bite & Vision Statement
u
s
i Write down your answers to the questions above
n
e
Create a draft sound bite (elevator pitch), share and get feedback
s
s
Re-write and repeat above step until perfect
V
i Know your sound bite by heart and say it like you mean it
s
i Pick a time frame
o
n Create your vision statement based on sound bite
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 10
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
11. B Sample Sound Bite & Vision Statement
u
s A sound bite may read like this:
i
n Hello, my name is Sally. I am a chef, a food blogger and winner of the 2012 Healthy Chef
e competition in Johannesburg, South Africa. I graduated from one of the region’s top
s
culinary schools and have been in the food and beverage industry for over eight years,
s
working with internationally chefs.
V
i
I plan to open a one-of-a-kind restaurant in Cape Town, called The Skinny Chef in the
s next 3 months, providing a combination of healthy eating with perfectly prepared and
i portioned food and outstanding service that creates an extraordinary healthy, gourmet
o dining experience.
n
You can follow my blog at www.skinnychef.com or reach me at 45-555-1212
1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 11
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
12. B Sample Sound Bite & Vision Statement
u
s A Vision Statement based on the above might read like this:
i
n
In the next three years, The Skinner Chef will be rated as a "five star" restaurant in the
e
s
Manhattan area by consistently providing a combination of healthy eating with perfectly
s prepared and portioned food and outstanding service that creates an extraordinary
healthy, gourmet dining experience.
V
i
s
i
o
n
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
13. B
u Selecting A Business - Recommendation
s "Find a job you love and you will never work a day in your life. " - Confucius
i
n Find a need to fill
e
s Don’t rush, take your time
s
Make sure you have enough capital
S Start simple and grow
e
l Look for long term potential
e
c Go for a business industry you know over one that is brand new to you
t
i Specialize if possible
o
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
14. R
i Choosing The Right Path For You
g Start from scratch
h
t
Buy an existing Business
B
u Buy a Franchise
s
i
n
e
s
s
P
a
t 1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 14
h www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
15. T Getting The Skills You Need
h
e
Work for someone else in the same business
R
i Take courses
g
h Read books / online material
t
Get a mentor
S
k
i
l
l
s
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
16. D What To Do / What Not To Do
o
s
Do Don’t
a rush into business ownership
evaluate your business readiness
n
research industry, market and competitors neglect research and testing
d
get the skills you need get caught in a conflict of interest
D test your market mortgage everything you own
o objectively compare all your options do something you don’t enjoy
n ensure you have enough capital spend, spend, spend
’ be patient be in business by yourself
t
s
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www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
17. E
n
d
Thank you
o
f
Next Week
S
e Business Organization
s
s
i
o Have a great weekend!
n
Visit our blog for online tools and resources
O
n
www.baanabaana.com
e 1/4/2013 Free Online Business Training - Week One - Is Business Ownership For You? 17
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com