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Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
Starting a business
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Starting a business

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  • 1. Starting a business
  • 2. One day Tim told his friend, Fred, how much he hated his job.
  • 3. Fred listened and said,
  • 4. “Find a job doing something you like, and you will never work another day in your life.”
  • 5. This got Tim thinking
  • 6. Tim loved art
  • 7. He also loved travel
  • 8. What could he do that would allow him to combined the two? 1 + 1 = 11
  • 9. He came up with the idea of an online art gallery
  • 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. Itwas 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. Five years later, Tim lives in New York selling art on the most innovative online art gallery in the world.
  • 13. What business idea can you think of that will allow you do something you love?
  • 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. Target Market Who will use your product or service? How much is spent on this kind of thing each year ?
  • 16. Now you need to think about where you want to set up your business
  • 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. What about a name for your business?
  • 19. How much will it costto get things moving?
  • 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. Will you employanyone?
  • 22. Now you need FUNDING
  • 23. Project Task . . .
  • 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. 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. 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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