So you want to be an Entrepreneur?

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Do you take the vision, passion, discipline and focus to be an entrepreneur?

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So you want to be an Entrepreneur?

  1. 1. Nicole Newman March 14, 2014
  2. 2.  There is no 4-hour or 40-hour workweek.  Focus.  Know yourself.  How to influence others.  How business works.  BS when you hear it.  There’s no reward without risk.
  3. 3.  Nicole Newman, Bio  Vision  Goals  Accountability  Plan  Build the Foundation  Minority Business Issues  Next steps
  4. 4.  Born in Washington DC  Graduate of HS of Engineering & Science  MBA, University of Maryland  15 years in Corporate America  7 years in business at Newman Networks  Embraced Islam April 2010 Connie Grier said “She is always one step ahead of the "expected" and formulates the "inspired". She takes the time to explain everything, and always turns the query back to YOU and YOUR business. She is a wealth of knowledge, a sharp and strategic planner, and a coach that coaches respectfully!
  5. 5. Your business can only grow as big as your vision
  6. 6.  Business is a three legged stool consisting of the Product, Marketing, Financing
  7. 7.  What is the annual revenue goal?  What is the profit margin on the sales?  What is the Exit Strategy?  Define the Marketing Strategy  Define the Financing Strategy  Loans/Lines of Credit  Equity Positions  Angel investors J. Paul Getty “I would rather earn 1% of other peoples money than 100% of my own effort”
  8. 8.  Your are your own boss  Who what holds you accountable?  Religion  Family  Friends  Mentors/Coaches  Books  Getting to Yes  The E-Myth Revisited b Michael Gerber  The tipping point by Malcolm Gladwell
  9. 9. Business is Overwhelming
  10. 10.  Legal Structure  LLC  S Corporation  C Corporation  Accounting System  Quickbooks  Freshbooks  Outright  Product/Service  Product, Placement  Positioning, Price
  11. 11.  Lack of Vision  Self-Esteem  Handle rejection  Lack of Cooperation  Lack of Support  Use Our Strength  Treatment of Employees  Treatment of Women
  12. 12.  Vision Board Workshop on March 31st, 2014 at PA State System of Higher Education Center City  Calling All Female Entrepreneurs Cohort 4 begins on April 14th, 2014  Linkedin 102 “I have a profile, now what” workshop on April 28th, 2014  Ready, Set, Grow seminar and training at The Enterprise Center on April 30th, 2014 RSVP: http://newmannetworks.eventbrite.com

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