Starting a business
One day Tim told his friend, Fred, how
much he hated his job.
Fred listened and said,
“Find a job doing
something you like, and
you will never work
another day in your
life.”
This got Tim thinking
Tim
loved
art
He also loved
travel
What could he do that would
allow him to
combined the two?
1 + 1 = 11
He came up with the idea of
an online art gallery
A digital gallery that would allow
people to view art sourced from all
over the world.
From anywhere you have internet
con...
It was a great idea.
Tim would have to travel
to find the best artist to exhibit
and
he would spend most of his time looki...
Five years later, Tim lives in
New York selling art on the
most innovative online
art gallery in the world.
What business idea can you think of that will
allow you do something you love?
E.g. Starting a record shop
Strength
• There are lots of DJs in Melbourne
• I love listening to new music
Weakness
• Lost ...
Target Market
Who will use your product or service?
How much
is
spent on this kind of
thing
each year ?
Now you need to
think about where
you want to
set up your
business
Location
• Brand Image – Is the location consistent with the
image you want to maintain?
• Competition – Are the businesse...
What about
a name
for your
business?
How much will it costto get things
moving?
Startup expenses
• These are expenses that happen before you
start trading. For example, registering a
business name, logo...
Will you employanyone?
Now you need
FUNDING
Project Task . . .
Create a PowerPoint
Tell potential investors:
• Your idea
• Target market
• Running cost
• How much money you need to get ...
Create a new page on your wiki
• Call it Starting My Own Business
• Post your completed PowerPoint on the new
page once it...
Present your idea
• Deliver a speech for a minimum of two
minutes to the class and guests
• Explain your idea and why it i...
Starting a business
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Starting a business

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Starting a business

  1. 1. Starting a business
  2. 2. One day Tim told his friend, Fred, how much he hated his job.
  3. 3. Fred listened and said,
  4. 4. “Find a job doing something you like, and you will never work another day in your life.”
  5. 5. This got Tim thinking
  6. 6. Tim loved art
  7. 7. He also loved travel
  8. 8. What could he do that would allow him to combined the two? 1 + 1 = 11
  9. 9. He came up with the idea of an online art gallery
  10. 10. A digital gallery that would allow people to view art sourced from all over the world. From anywhere you have internet connection. Which could be purchased and delivered to your door.
  11. 11. It was a great idea. Tim would have to travel to find the best artist to exhibit and he would spend most of his time looking at art
  12. 12. Five years later, Tim lives in New York selling art on the most innovative online art gallery in the world.
  13. 13. What business idea can you think of that will allow you do something you love?
  14. 14. E.g. Starting a record shop Strength • There are lots of DJs in Melbourne • I love listening to new music Weakness • Lost of DJs download music • Don’t know any record labels • No website • Finding a location Opportunity • Could sell music and musical equipment • Can set up shop in my own style Threat • Increase in downloading of music • Investment • Poor location
  15. 15. Target Market Who will use your product or service? How much is spent on this kind of thing each year ?
  16. 16. Now you need to think about where you want to set up your business
  17. 17. Location • Brand Image – Is the location consistent with the image you want to maintain? • Competition – Are the businesses around you complementary or competing? • Local Labour Market – Does the area have potential employees? • What will your travel time to work be? • Proximity to Suppliers – They need to be able to find you easily as well. • Safety – Consider the crime rate.
  18. 18. What about a name for your business?
  19. 19. How much will it costto get things moving?
  20. 20. Startup expenses • These are expenses that happen before you start trading. For example, registering a business name, logo design, brochures, rent, stock, etc. • Create a list of expenses. What is the total amount of money you will need to get your business off the ground?
  21. 21. Will you employanyone?
  22. 22. Now you need FUNDING
  23. 23. Project Task . . .
  24. 24. Create a PowerPoint Tell potential investors: • Your idea • Target market • Running cost • How much money you need to get started • The profit you think you will make per month • What you are prepared to give an investor (shares, repayment of loan with interest, etc)
  25. 25. Create a new page on your wiki • Call it Starting My Own Business • Post your completed PowerPoint on the new page once it is completed
  26. 26. Present your idea • Deliver a speech for a minimum of two minutes to the class and guests • Explain your idea and why it is worth investing in

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