Entrepreneurship--What you really want to know!

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Entrepreneurship--What you really want to know!

  1. 1. ENTREPRENEURSHIP Entrepreneurship is a lifestyle, not a career @MEPRAGENCY l #LUNCHANDLEARN
  2. 2. SO YOU’VE STARTED THE BUSINESS…NOW WHAT? @MEPRAGENCY l #LUNCHANDLEARN
  3. 3. <ul><li>PREP FOR YOUR PERSONAL OR PROFESSIONAL EXIT </li></ul><ul><li>WHAT HAPPENS WHEN YOU WANT TO MOVE ON? </li></ul><ul><li>IF YOU WERE HIT BY A BUS, WHO WOULD RUN YOUR COMPANY? </li></ul><ul><ul><li>DO YOU HAVE SYSTEMS FOR EVERY PHASE OF YOUR BUSINESS </li></ul></ul><ul><ul><li>WHO DO YOU ENTRUST TO TAKE OVER YOUR VISION </li></ul></ul><ul><ul><li>WHAT DO YOU NEED FINANCIALLY </li></ul></ul>PREPARE FOR YOUR EXIT @MEPRAGENCY l #LUNCHANDLEARN
  4. 4. <ul><li>WE SEE YOU BEFORE YOUR BUSINESS </li></ul><ul><li>MAKE STRATEGIC DECISIONS </li></ul><ul><li>IF SOMEONE TOOK A PICTURE OF YOU, YOUR CAR, YOUR WALLET/PURSE, ETC…WHAT WOULD THEY SEE </li></ul><ul><li>YOUR PERSONAL BRAND CAN INCREASE YOUR PROFESSIONAL IMPRINT </li></ul><ul><li>NEED HELP? ESTABLISH A PERSONAL BOARD OF DIRECTORS </li></ul>DEFINE YOUR (PERSONAL) BRAND @MEPRAGENCY l #LUNCHANDLEARN
  5. 5. <ul><li>WHEN YOU CREATE A NEW SYSTEM, DOCUMENT IT </li></ul><ul><li>SYSTEMS HELP YOUR TEAM SELF MANAGE </li></ul><ul><li>DELEGATE CERTAIN SYSTEMS TO YOUR TEAM </li></ul><ul><li>EVEN AS A SOLOPRENEUR YOU DON’T HAVE TO WORK ALONE </li></ul><ul><li>IF YOU WANT YOUR BUSINESS TO GROW…LET GO! </li></ul>ESTABLISH SYSTEMS EARLY; DELEGATE TOO @MEPRAGENCY l #LUNCHANDLEARN
  6. 6. <ul><li>ESTABLISH BOUNDARIES </li></ul><ul><li>TEACH PEOPLE HOW TO TREAT YOUR TIME </li></ul><ul><li>KNOW WHEN TO BREAK YOUR OWN RULES </li></ul>BALANCE…WHAT’S THAT? @MEPRAGENCY l #LUNCHANDLEARN
  7. 7. <ul><li>YOU CAN’T REPRESENT SOMEONE ELSE’S BUSINESS WITHOUT YOURS IN ORDER </li></ul><ul><li>EMPLOYER VS EMPLOYEE </li></ul><ul><li>COMMIT AT LEAST 2 HOURS EACH WEEK ON YOUR BUSINESS </li></ul><ul><li>WORKING ON = CHECKS & BALANCES </li></ul>WORK ON, THEN WORK IN @MEPRAGENCY l #LUNCHANDLEARN
  8. 8. <ul><li>DON’T BE AFRAID TO ASK FOR YOUR MONEY </li></ul><ul><li>YOU MIGHT HAVE TO FIRE A FRIEND </li></ul><ul><li>KNOW WHEN TO BUY OUT YOUR PARTNER </li></ul><ul><li>MAKE A MISTAKE? ADDRESS IT QUICKLY </li></ul>FACE DIFFICULT DECISIONS…HEAD ON
  9. 9. <ul><li>OUTLINE GOALS </li></ul><ul><li>UNDERSTAND, RESPECT, AND LEARN THE WORD ‘NO’ </li></ul><ul><li>DEFINE YOUR OWN RULES FOR BALANCE </li></ul><ul><li>TEACH PEOPLE THE WAY YOU NEED TO BE TREATED </li></ul><ul><li>KNOW WHEN TO DELEGATE AND WHEN TO MANAGE </li></ul><ul><li>COLLABORATE WHEN NECESSARY </li></ul><ul><li>KNOW WHEN TO ASK FOR HELP </li></ul><ul><li>RE-ASSESS YOUR BUSINESS MODEL AT LEAST YEARLY </li></ul><ul><li>SELF-EVALUATE REGULARLY </li></ul><ul><li>REMEMBER, IT’ S ALWAYS BUSINESS </li></ul><ul><li>YOU ARE IN BUSINESS SO ACT LIKE IT </li></ul>FINAL THOUGHTS @MEPRAGENCY l #LUNCHANDLEARN
  10. 10. Entrepreneurship is a lifestyle, not a career Questions? @MEPRAGENCY l #LUNCHANDLEARN

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