EntrepreneurshipLab.net Kickoff Event
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EntrepreneurshipLab.net Kickoff Event Presentation Transcript

  • 1. KICKOFF EVENT EntrepreneurshipLab.net
  • 2. Quick housekeeping notes- Webcast & chat are at http://entrepreneurshiplab.net/live- I’ll check in at the breaks- 9 a.m. to Noon-ish Central Time- Slides, recordings will be posted to member’s area after- Would love for you to Tweet & Facebook all this- I’m @corymiller303 and you can use hashtag #entrelab EntrepreneurshipLab.net
  • 3. Today’s Sessions- Is Entrepreneurship For You: 8 Questions to Ask- Your Startup’s First Critical Partners- Finding the Right Business Idea For You EntrepreneurshipLab.net
  • 4. What is the Lab about? EntrepreneurshipLab.net
  • 5. Helping each other start, run &grow successful businesses EntrepreneurshipLab.net
  • 6. Entrepreneurshipis a tough, frustrating& often lonely job EntrepreneurshipLab.net
  • 7. Lab is a private communityto learn & grow;get support, feedback& encouragement EntrepreneurshipLab.net
  • 8. Hear from entrepreneurswho have succeeded EntrepreneurshipLab.net
  • 9. Monthly training topics- Based on input and - Leadership and demand Management- Marketing - Products and Services- Work-LIfe Alignment - Personal, Professional and Career Development- Customer Service, Support and Care - Accounting and Financial Management EntrepreneurshipLab.net
  • 10. Startups are experimentsThe Lab is your place to launch & learn EntrepreneurshipLab.net
  • 11. Who Am I?- Had 13 jobs since I was 16- Being an entrepreneur is the BEST job I’ve ever had- Started out in newspaper journalism- 3 daily newspapers; 1 sports magazine; 3 nonprofits- Always wanted to be an entrepreneur like my grandfathers EntrepreneurshipLab.net
  • 12. My Tipping Point- Started professional blog in 2006- Went from unknown to known- Started learning web design at night- Stumbled into a great freelance business- Then my back started hurting from 16 hours days- Wanted to build something bigger than myself EntrepreneurshipLab.net
  • 13. The dream made real- Went full-time in 2008 with iThemes- We build software & training for web designers- 20+ employees, hundreds of products, thousands of customers and on track for record year in 2012- Named 7th Fastest Growing Co. in OKC in 2011 EntrepreneurshipLab.net
  • 14. Is Entrepreneurship For You?8 Questions Before the Journey Begins EntrepreneurshipLab.net
  • 15. Why Start a Businessin the First Place? EntrepreneurshipLab.net
  • 16. Some Reasons to Start a Biz- Create your ideal job doing rockin’ work- Align work with life- Work with people you like & enjoy- Turn ideas into reality- Make money building something you own- And ... EntrepreneurshipLab.net
  • 17. Change the World!Make Meaning While Making Money EntrepreneurshipLab.net
  • 18. The First 8 QuestionsTo Get You Started EntrepreneurshipLab.net
  • 19. 1. What does your calendarlook like for the next 5 years? EntrepreneurshipLab.net
  • 20. 1. Block out 2012-2017
  • 21. What consumes you enoughto devote 1,825 days to? EntrepreneurshipLab.net
  • 22. 2. What do you want tooffer that makes people’slives awesome? EntrepreneurshipLab.net
  • 23. 2. Make people’slives awesome
  • 24. How are you makingsomeone’s life easier, better? EntrepreneurshipLab.net
  • 25. 3. What does your perfectplayground look like? EntrepreneurshipLab.net
  • 26. How do you wantor need to work? EntrepreneurshipLab.net
  • 27. 4. How are you goingto make money? EntrepreneurshipLab.net
  • 28. Passion without profitis called a hobby EntrepreneurshipLab.net
  • 29. 5. Who is your pirate crew? EntrepreneurshipLab.net
  • 30. You need people, dummy EntrepreneurshipLab.net
  • 31. “If you want to go fast, go alone.If you want to go far, go together.” —African proverb EntrepreneurshipLab.net
  • 32. 6. What would yougive up to get it? EntrepreneurshipLab.net
  • 33. Sacrifice EntrepreneurshipLab.net
  • 34. How BAD do you want it? EntrepreneurshipLab.net
  • 35. My secret motivatingkick in the pants? EntrepreneurshipLab.net
  • 36. I’m scared to death of ...REGRET EntrepreneurshipLab.net
  • 37. I want my life to COUNT EntrepreneurshipLab.net
  • 38. And so do you! EntrepreneurshipLab.net
  • 39. 7. What are you doing NOWto achieve your dream? EntrepreneurshipLab.net
  • 40. What is ONE thingyou can do TODAYthat can make the biggestimpact & move you closer? EntrepreneurshipLab.net
  • 41. “Vision without executionis hallucination.” —Albert Einstein EntrepreneurshipLab.net
  • 42. 8. Now ... what are youwaiting for? EntrepreneurshipLab.net
  • 43. Q&A + Discussion EntrepreneurshipLab.net
  • 44. Next session starts shortly!
  • 45. KICKOFF EVENT EntrepreneurshipLab.net
  • 46. Your First Critical PartnersThe Key People You Need For Success EntrepreneurshipLab.net
  • 47. 1. Significant Other EntrepreneurshipLab.net
  • 48. First, most valuable,most influential partner in biz EntrepreneurshipLab.net
  • 49. S.O. can make orbreak your startup EntrepreneurshipLab.net
  • 50. Startup is a babyyou’re raising together EntrepreneurshipLab.net
  • 51. Biz should be ashared compelling visionyou have for your lives EntrepreneurshipLab.net
  • 52. Before you start,get away together EntrepreneurshipLab.net
  • 53. 2. Accountant EntrepreneurshipLab.net
  • 54. Help with managing cashflowand paying taxes EntrepreneurshipLab.net
  • 55. Cash is oxygen for biz EntrepreneurshipLab.net
  • 56. Too many fall or fail here EntrepreneurshipLab.net
  • 57. A financial partner helpsmanage this essential aspect EntrepreneurshipLab.net
  • 58. Questions to Ask- What will I need to do or plan for this year? (Taxes, etc)- What financial software do you use or recommend?- Where do you bank and why?- What services do you typically provide businesses?- Do you understand my business?- Do you have clients doing similar things to what I’m doing?- What advice & tips do you have for me to ensure maximum success? EntrepreneurshipLab.net
  • 59. 3. Attorney EntrepreneurshipLab.net
  • 60. First, to setup your legalbusiness entity EntrepreneurshipLab.net
  • 61. Second, to have someone tocall when an issue comes up EntrepreneurshipLab.net
  • 62. 4. Team EntrepreneurshipLab.net
  • 63. Whoever you needto build & ship EntrepreneurshipLab.net
  • 64. The Team Could Be ...- Volunteer Team Members- Paid Team Members- Financial Partners- Equity Partners- Vendors / Suppliers- Collaborators / Joint Venture Partners- Consultants / Contractors EntrepreneurshipLab.net
  • 65. 5. Mentors EntrepreneurshipLab.net
  • 66. Outside counselExperienced truth tellerNot compensatedNot a team member or partner EntrepreneurshipLab.net
  • 67. 6. Customers EntrepreneurshipLab.net
  • 68. Everything in a startupis an experiment to test EntrepreneurshipLab.net
  • 69. The ultimate test isif someone will giveyou $$$ for it EntrepreneurshipLab.net
  • 70. Never ever forget:Customers are key partnersin your entrepreneurial dream EntrepreneurshipLab.net
  • 71. Q&A + Discussion EntrepreneurshipLab.net
  • 72. Next session starts shortly!
  • 73. KICKOFF EVENT EntrepreneurshipLab.net
  • 74. Finding the Right BizOpportunity for YouAligning Who You Are With What You Do EntrepreneurshipLab.net
  • 75. For now ...Put aside your big idea EntrepreneurshipLab.net
  • 76. Let’s talk aboutWork-Life Alignment EntrepreneurshipLab.net
  • 77. Misalignment happenswhen biz doesn’t MATCH you EntrepreneurshipLab.net
  • 78. Save yourself some grief EntrepreneurshipLab.net
  • 79. By the way ...This is an exercise to gothrough with your S.O. EntrepreneurshipLab.net
  • 80. The goal is to ...Know yourselfand what you want EntrepreneurshipLab.net
  • 81. 1. What are your life’s hopes,dreams & goals? EntrepreneurshipLab.net
  • 82. Questions to ask yourself- What does success look like - What are your lifestyle and at the end of the day? At the living goals? What does living end of your life? a good life look like for you?- Answer the old question: - Where do you want to be in 6 What do you want written on months, 1 year, 5 years … or your tombstone? when youre 30, 40, 50, 60?- Who do you love and cherish - What are those future facts for most in life? what your life will look life then?- What do your family goals look like? - What does success for you look like and feel?- What are you financial goals? EntrepreneurshipLab.net
  • 83. Let me ask it another wayWhat do you really wantyour life to be about? EntrepreneurshipLab.net
  • 84. Take some time with these EntrepreneurshipLab.net
  • 85. 2. Let’s talk personality ... EntrepreneurshipLab.net
  • 86. Two Helpful Discovery Tools:Myers-Briggs Test Indicatormbticomplete.comStrengthsFinderstrengthsfinder.com EntrepreneurshipLab.net
  • 87. Why do these?- Based on extensive survey and research- Helps you understand yourself better- See yourself from the outside-in- Find what you’re naturally good at- Avoid what you’re ridiculously bad at- Recruit people to compliment you- Find areas of interest that you might not have explored EntrepreneurshipLab.net
  • 88. The step that sometimes gets skipped3. What expertise andexperiences do you have? EntrepreneurshipLab.net
  • 89. List out your resume in detail EntrepreneurshipLab.net
  • 90. All the jobs you’ve had?Career fields, industries?Favorite jobs & why?Biggest impact you made? EntrepreneurshipLab.net
  • 91. 4. What are your passions,hobbies and interests? EntrepreneurshipLab.net
  • 92. The best businesses ...- Champion a CAUSE (a better tomorrow)- Come out of a CRISIS (an experience)- Promote a CORE VALUE (a belief, philosophy)- Offer a CURE (a solution) EntrepreneurshipLab.net
  • 93. So what stirs you up? EntrepreneurshipLab.net
  • 94. Two tips for exploring ...1. Be careful with stress relief hobbies,a business could ruin it for you2. You don’t know what you really likeuntil you explore it. Try it out. EntrepreneurshipLab.net
  • 95. Now a big question ... EntrepreneurshipLab.net
  • 96. 5. What would people PAYyou to do that you wouldENJOY the most? EntrepreneurshipLab.net
  • 97. Make two columns:1. What you want to do most2. What you think people would pay forFind the top rated intersections. EntrepreneurshipLab.net
  • 98. Now, let’s bringback your big awesomebusiness ideas ... EntrepreneurshipLab.net
  • 99. The sobering up questionsIt’s time to get really real EntrepreneurshipLab.net
  • 100. 1. Is it the best way toachieve your goals? EntrepreneurshipLab.net
  • 101. 2. Will you enjoy chasing it? EntrepreneurshipLab.net
  • 102. 3. Can you invest thenext 5 years pursuing it? Count the cost EntrepreneurshipLab.net
  • 103. 4. How interested in itare you now? Rate it on a scale from 1 to 10 EntrepreneurshipLab.net
  • 104. 5. Is your S.O.fully on board? EntrepreneurshipLab.net
  • 105. You should know now whether it’s time to ...Take a next stepor reassess & start over EntrepreneurshipLab.net
  • 106. Business-Life Alignment- Align with who you are & what you want- Play to your strengths, not weaknesses- Pursue what helps you best achieve your goals & dreams- And will capture your interest & secure your long-term commitment to see it succeed EntrepreneurshipLab.net
  • 107. Q&A + Discussion EntrepreneurshipLab.net
  • 108. Next webinars- The Great Entrepreneurial Experiment- Oct. 10 at 7 p.m. Central- Essential Steps for Bootstrapping Your Biz- Oct. 23 at 7 p.m. Central EntrepreneurshipLab.net
  • 109. In the meantime ...- Complete the member survey- http://entrepreneurshiplab.net/dashboard/- Post an introduction or question in the forum- http://entrepreneurshiplab.net/forum/- Invite someone else to join you ... EntrepreneurshipLab.net