Business start up 1

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Business start up, get rich, be your own boss, risk, financial freedom, capital, location, funding, customer service, where is the money, products, services, increase sales, revenues, business name, jose cintron, advance business consulting, mba4help.com

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Business start up 1

  1. 1. Business Start-up Jose Cintron, MBA-CPC Business/Accounting Professor josecintronmba@gmail.com (954) 374-8298
  2. 2. www.mba4help.com Why Start a Business? To Capitalize on an Invention or Idea To Pursue a Passion To Be Their Own Boss To Get Rich $$$
  3. 3. www.mba4help.com Are you ready for this?
  4. 4. www.mba4help.com Why people don’t try?
  5. 5. www.mba4help.com Are you ready to take the risk?
  6. 6. www.mba4help.com You build it and the will come, Right?...Wrong!
  7. 7. www.mba4help.com What are the chances??? Statistics show that 8 out of 10 new businesses fail within the first three years. ?????????????????????? 80% of new businesses fail within their first three years.
  8. 8. www.mba4help.com How you get the Financial Freedom?
  9. 9. www.mba4help.com Why Business Fail ? 1. Wrong reasons 2. Poor Management 3. Insufficient Capital 4. Location, Location, Location 5. Lack of Planning 6. No Clue/No help/Guidance 7. Wrong/No marketing
  10. 10. www.mba4help.com Why Business Fail ? Sales
  11. 11. www.mba4help.com Customer Service/Satisfaction
  12. 12. www.mba4help.com What is your Target?
  13. 13. www.mba4help.com The egg or the chicken? Business is not the dream but the vehicle to get where you want to go. “I Have A Dream” NO- “I Have A Plan”
  14. 14. www.mba4help.com Funding Sources $$$ Savings-401k Refinance Friends and Family Financial Institutions Angel Investors
  15. 15. www.mba4help.com What vehicle do I need to reach my destiny? Going to Orlando, FL Going to Las Vegas, NV Around the neighborhood
  16. 16. www.mba4help.com Where are you going? If you don’t know where you going any road will take you there!
  17. 17. www.mba4help.com What is the Trend ?
  18. 18. www.mba4help.com We will not go back to doing business the way we used to in the past! Businesses
  19. 19. www.mba4help.com We will not go back to doing business the way we used to in the past! Government
  20. 20. www.mba4help.com We will not go back to doing business the way we used to in the past! City
  21. 21. www.mba4help.com Where is the Money ?
  22. 22. www.mba4help.com What is your product? Farm $1.00 Supermarket $3.00 Restaurant $6.00
  23. 23. www.mba4help.com What is your service? Consulting Coaching Classes Training Selling Installing warranty Servicing You do it for multiples business owners
  24. 24. www.mba4help.com What kind of business?
  25. 25. www.mba4help.com Lets Analyze…. Products/merchandise Services Market and Niche Contribution Margin
  26. 26. www.mba4help.com Did you answered, Yes? Do you have a great product? Do you have an awesome Price/value? Do you have clientele or email list?
  27. 27. www.mba4help.com Products-Volume 1 X $10,000 10,000 X $1 What is your “Business Model”
  28. 28. www.mba4help.com Services High End ClienteleLow End Clientele
  29. 29. www.mba4help.com Target Market and Niche
  30. 30. www.mba4help.com How to increase sales Incrementar Clientes Incrementar el monto de compra Incrementar repetición o número de veces.
  31. 31. www.mba4help.com BEP and Contribution Margin Fixed Cost- $10,000(Rent, insurance, manager, interest…) Variable cost- $800/ea (Hourly, commission, inventory…) Sales are $1,000 per unit $1,000-$800=$200 Contribution Margin $10,000/$200=50 units to BEP Fixed Cost/Contribution Margin. $10,000+5.000=$15,000/200=75 units to make a $5,000 profits. $50,000X10%=5,000/12=416 interest per month.
  32. 32. www.mba4help.com Life’s too short for the wrong job.
  33. 33. www.mba4help.com You must be competent
  34. 34. www.mba4help.com You must be creative!
  35. 35. www.mba4help.com Why Customers Buy? Customer does not buy for the characteristic but for the benefits.
  36. 36. www.mba4help.com What’s for me? Whitening Bad Breath Cavities Plaque Weak Enamel Tender Gums Gingivitis
  37. 37. www.mba4help.com Clientele reaching your Business
  38. 38. www.mba4help.com What is your business name? Pedro’s Restaurant----------Mexican Restaurant Pedro’s Haircut--------------Haircut 4 Less Miami Taxes-----------------Taxes R us
  39. 39. www.mba4help.com Email and URL PedroDelgadilloBetancur1959@mexicanrestaurant.com NO pedro@mexicanrestaurant.com YES http://sylviescreation.com NO or http://jewelrybysylvie.com http://Pedrosshop.com NO or http://autorepair.com
  40. 40. www.mba4help.com Conclusion Entrepreneur Working for someone else!

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