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Starting Your Own Business The Dream Giver

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Based on The Dream Giver

Based on The Dream Giver


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  • 1. Starting Your Own Business Turning an Avocation into a Vocation Jim Shankle Managing Director 71 Ventures LLC www.71Ventures.com
  • 2. The Secret to Success?
    • ?
  • 3. The Secret to Success
    • Do What You Love
    • “ Childhood Dreams are the Incubators for Adult Success”
    • If You’re Not Passionate About It, Do Something Else
    • Awareness of an Opportunity That Fits Your Passions is the Ignition
    • Motivation is the Accelerator
  • 4. The Best Book Ever Written for Entrepreneurs
  • 5. The Dream Giver
    • Every Action Moves You One Step Closer to Success
      • Every Failure Moves You One Step Closer to Your Dream
      • Never, Ever Quit
    • Impediments Are Fear & Negativity
      • “ I don’t Know How”
      • “ It’s Not That Good”
      • “ I’ve Never Made Anything Before”
      • “ I’m Too Busy”
      • “ I Don’t Have the Money”
      • “ If It Was Such a Good Idea, Someone Else Would Have Already Done It”
      • and on and on…..
  • 6. Step 1: Create a Life Plan
    • 85% of Success is Based on Knowing Yourself
      • Your Personality
      • Your Gifts
      • Your Purpose
    • Plan Your Life, Then Plan Your Business
      • The most successful and happy people are entrepreneurs who created a business that’s in perfect synchronicity with what they want out of life
      • If you do what you love, you’ll work harder , better and more happily
  • 7. Elements of Your Life Plan
    • Your Current Status
    • Your Ideal Life
    • Your Loves: What You Really Like Doing
    • Your Skills & Capabilities: What You Do Well
    • Your Track Record: What You Have Experience Doing
    • Your Ideal Work Style
    • Your Personal Mission Statement
    • Key Moves to Get You Where You Want to Go
  • 8. Internal Analysis
    • What Are Your Talents?
    • What Do You Like To Do?
    • What Experience Do You Have?
    • What Are Your Interests?
    • Do You Have Managerial Skills?
    • Are You A Decision-Maker?
    • What Is Your Energy Level?
    • Are You A Self-Starter?
    • Are You Self Motivated?
    • Are You Willing To Take Risks? Is Your Spouse?!
    • What Is Your Financial Situation?
  • 9. Your Ideal Work Style
    • Full-time or part-time
    • At-home or on the road
    • working behind the scenes or interacting with lots of people
    • Another way to look at this is, what level of risk do you want to take?
      • You may want a relatively low-pressure first-go at entrepreneurship.
  • 10. Your Personal Mission Statement
    • Consists of
      • Your Values
      • What Drives You Forward
      • All Wrapped Up Into A One-page Statement
    • To Write This
      • Draw On Everything You’ve Discovered About Yourself
    • Bring It All Together Into A Clear Statement of
      • Your Principles
      • Your Priorities
  • 11. Key Moves to Get You Where You Want to Go
    • Develop Action Items To Transform a Life Plan
      • From A Self-Assessment Into An Action Plan
    • At This Point In Life Planning, You Know
      • Where You Want To Go
      • What Skills You Already Have
      • What Type Of Work Suits You Best
    • Draw From That Information
      • A List Of Moves That Help You Achieve Your Ideal Life
  • 12. Using your Life Plan
    • Print Your Life Plan And Keep It In Plain View.
      • Constantly Remind Yourself
        • What You Want
        • What’s Important
        • What To Do Next
      • Revisit Periodically
        • Measure Your Success
        • Make Adjustments & Additions Where Appropriate
        • It’s Okay If Things Change Over Time
          • Life Is Dynamic and Your Life Plan Should Be Too!
      • Use To Provide Context For Strategic Decisions You Make—including What Niche You Choose To Operate In, What Business Model You’ll Use, Whether You’ll Have Lots Of Employees Or A Home-based, One Person Operation.
      • Most Importantly, Your Life Plan Will Position You To Do What You Love And That Always Brings Out The Best In An Entrepreneur.
  • 13. Step 2: Choosing a Business Model
    • Home-based
    • Brick-and-mortar
    • e-Commerce
    • eBay
    • Franchising
    • Licensing your product
    • Multi-level marketing
  • 14. Step 3: Create a Business Plan – Some Defining Questions
    • What’s Your Business Idea?
    • How Does Your Idea Address A Need?
    • What’s So Different About What You Offer?
    • How Big Is The Market?
    • How Big Will You Grow?
    • Who Is Your Customer?
    • How Much Will They Pay?
    • How Will Customers Buy From You?
  • 15. … and More Questions
    • Can I Make A Living From My Business?
    • Who Is The Competition?
    • What Can I Do Better Than My Competition?
    • Is There Room In The Market Place For Me?
    • What Are Your Key Milestones?
    • How Will You Measure Success?
    • What’s Your Role Going To Be?
    • Who's On Your Team?
  • 16. … and More Questions
    • What Are The Employee Needs?
    • Where Will I Locate The Business?
    • Are There Legal Restrictions?
    • What Legal Form Of Operation Should I Choose?
    • What Type Of Records Do I Need To Keep?
    • What Taxes Will I Owe?
  • 17. … and Yet Again, More Questions
    • How Do I Locate My Suppliers?
    • What Will My Equipment Needs Be?
    • What Will I Name My Business?
    • Who Can Help Me Get Started?
    • Where's The Startup Money Coming From?
    • What Do They Want for Their Money?
    • …etc., etc., etc.
  • 18. Step 4: Select a Business Structure
    • Sole Proprietorships
    • Partnerships
    • Corporations
    • Limited Liability Companies
  • 19. Step 5: Create Key Business Assets
    • Website Address
    • Trademarks
    • Copyrights
    • Patents
    • Provisional Applications for Patents
    • Inventor's Logs
    • Confidentiality Agreements
  • 20. Step 6: Find the Funding
    • Bootstrapping
    • Debt Financing
    • Grants
    • Friends and Family
    • Angel Investors
    • Factoring
    • Venture Capitalists
  • 21. Step 7: Organize Logistics
    • Accounting
    • Legal Services
    • Insurance
    • Banking
    • Information Technology
    • Website Development
    • Merchant Accounts / e-Commerce
    • Real Estate
  • 22. Step 8: Find Great People
    • Understanding The Power Of People
    • Find The Stars To Bring Onto Your Team
    • Keep Your Stars
    • Importance Of A Mentor
  • 23. Step 9: Establish a Brand
    • Draft Your Brand DNA Or Essence
    • Define And Relate To Your Target Audience
    • Choose A Brand Name
    • Create A Logo
    • Make A List Of All Your Other Touch Points
    • Create A Demand For Your Brand
  • 24. Step 10: Market and Sell
    • Research & Strategy
    • Marketing Materials
    • Marketing Methods
  • 25. Treasure Troves of Practical Advice
    • www.LuckyNapkin.com
    • www.DrDoug.com
    • www.ObsidianLaunch.com
    • www.SmallBusinessTechnology.com
    • www.MillionaireBlueprints.com
    • www.StartupNation.com
    • www.Entrepreneur.com
  • 26.
  • 27.
  • 28. Start Your Own Business?
    • Questions?

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