Sterling Entrepreneur Help Section 2 Of 4 Sections Ss

SEVEN PILLARS OF
BUSINESS BUILDING
Beginning of Section 2
of Four Parts

Pillar #1
The importance of Good People and Good Ideas
Hans Rosling’s – 200 years in 4 minutes
You Tube Healthy Wealthy Corner
• Country Foundation:
1. Fundamental respect for human life
2. People were encouraged to self determine – build
their own vision for what their life will be –
Government did NOT tell their people what to do.
3. People were protected in pursing their dreams
4. People enjoyed the majority of the fruits of their
labors
© 2011, Berkeley L. Geddes - All Rights Reserved

Pillar #1
The importance of Good People and Good Ideas
Hans Rosling’s – 200 years in 4 minutes
You Tube Healthy Wealthy Corner

• People Foundation:
1. Fundamental respect for human life
2. Faith based
3. Family centered
4. Hard working


Important Disciplines – We Certify
• Dispute Resolution is Important – Certify Lawyers
• Maintaining Health is Important – Certify Physicians
• Cars on Freeway are Important – Certify Mechanics


Important Disciplines – We Certify
• Dispute Resolution is Important – Certify Lawyers
• Maintaining Health is Important – Certify Physicians
• Cars on Freeway are Important – Certify Mechanics
As important as Entrepreneurism is, where does
society, by education and training, certify
entrepreneurs?
Interestingly, in countries were entrepreneurism is not
prevalent, other certifications do NOT exist.
In 2011, the capstone certification of Entrepreneurism
is missing!

Pillar #2
Mentor

One of the most important
things that can happen for ANY
entrepreneur is to link up with an
experienced and talented mentor
– as soon as possible.


Pillar #3 – The Optimal Path

and Energy


Pillar #3 - Continued

and Energy


Pillar #3 - Conclusions
The optimal path does exist

There are common elements to the
development of every idea

Entrepreneurs MUST be counseled and
advised to know how to stay as close to the
optimal path as possible

Any deviation off the path consumes precious
TIME, MONEY, and ENERGY


Pillar #4 Each Optimal Path is Unique
Priority of variables that make each path unique:
1. Sphere of Influence
2. Education
3. Experience
4. Level of Preliminary Funding
5. Industry of the Idea – NAICS
6. Product or Service or Product and Service
7. Country where the idea will be developed
8. State or province of idea development

These are some of the top elements of uniqueness


Pillar #5: Education and Experience Matrix


Pillar #5 - Conclusion
Experience can be addressed by bringing a subset
of the right people forward at the right time

There is NO substitute for core things that the
entrepreneur MUST understand (education)

Entrepreneurs do not know what they do not
know; many of them they think they know it all
and this can be a HUGE barrier to success


Pillar #6 – Entrepreneur Life Cycle



Idea
Creation
Point of Merit

Proven Point


Pillar #6 - Conclusions
Where are you currently in the entrepreneur life cycle?

It is important to understand key elements of this life cycle
and where critical “Power Levers” apply

What revenue potential exists under the curve (total
revenue generation potential)?

There are several powerful overlays and much more that
can be learned from the ELP – (note: future presentation)

How can an entrepreneur reinvent their idea for long term
sustainability (skunk works)?


Pillar #7 Power Levers
Do you remember the science lessons on
Leverage?

Three essential things:
1. Need the right lever for the right job
2. Need to use the right fulcrum
3. Need to place the lever and the
fulcrum in the correct position to
obtain optimal results

Pillar #7 Power Levers - Continued
Priority List of Levers
1. Mentor
2. Document your idea
3. Determine if you have a good idea (50,000 foot view)
4. Are you willing to make the sacrifice?
5. Merit plan – Preliminary funding plan
6. Market Research – Business model development
7. Product/Service Development
8. Marketing Plan
9. Sales Plan
10. Accounting
11. Legal
12. Administration
13. Business Operations
14. Business Plan
15. Launch and Monitor

83 Power Levers in the DooBizz.com Tree


DooBizz.com
Is your absolutely FREE High-Power
entrepreneur tool!

At doobizz.com entrepreneurs are taught
everything that they need to know and need
to do to be successful.

Leverage! Use the Power Levers to your
advantage!


End of Section 2
of Four Parts

Sterling Entrepreneur Help Section 2 Of 4 Sections Ss

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