10 tips for starting entrepreneurs

10 tips for starting entrepreneurs Titel tekst “So youBeschrijving to build want slide your own business?” Barcamp Ghent 2 - 30/11/2008

Hi, my name is Bart.

I work at webagency Netlash. ... and at a few other companies:

You can ﬁnd me here: www.ondernemeringent.be www.netlash.com www.metatale.eu www.tagger.fm www.kopjekofﬁe.be www.planetgadget.be (Yes, that’s a lot of www’s)

Starting your own business 10 tips from my personal experience

Listen carefully...

* personal experience *

It might not apply to you. Or your business.

My 10 tips

10 1. Your new best friend 6. 2. 7. 3. 8. 4. 9. 5. 10.

Your accountant

1. Your new best friend Your accountant Choose him carefully Make sure his ofﬁce is within a 15 minute drive Do not go for the cheapest!

1. Your new best friend Your accountant And whatever you do...

1. Your new best friend Your accountant And whatever you do... Do NOT take a friend or a member of your family as your accountant.

1. Your new best friend Your accountant And whatever you do... Do NOT take a friend or a member of your family as your accountant. ... Just don’t.

1. Your new best friend By extension Find yourself a good bank manager, and join that bank. The personal relationship with the bank manager is far more important than the brand of bank.

10 1. Your new best friend 6. 2. Show me the money 7. 3. 8. 4. 9. 5. 10.

Watch your cash-ﬂow

2. Show me the money Watch your cash-ﬂow No matter how proﬁtable you are, if you run out of cash, it’s

2. Show me the money Watch your cash-ﬂow No matter how proﬁtable you are, if you run out of cash, it’s GAME OVER

2. Show me the money Billing Send out your bills asap Follow them up for payment Be ﬁrm but friendly! Ask advances

2. Show me the money Oh, and should I mention: You HAVE to have a business model.

10 1. Your new best friend 6. 2. Show me the money 7. 3. Be a ‘Mensch’ 8. 4. 9. 5. 10.

3. Be a Mensch Mensch Mensch (Yiddish: ‫ מענטש‬mentsh) means quot;a person of integrity and honorquot; http://en.wikipedia.org/wiki/Mensch

Build your rolodex

3. Be a Mensch Networking Don’t network to build business The network of your network is far more important! “Pay it forward”

10 1. Your new best friend 6. 2. Show me the money 7. 3. Be a ‘Mensch’ 8. 4. Be easy to work with 9. 5. 10.

Availability

4. Be easy to work with Availability Answer your phone, answer your e-mail Reply to RFP’s within the hour! Be reliable, make good on your promises Communicate often and clearly

10 1. Your new best friend 6. 2. Show me the money 7. 3. Be a ‘Mensch’ 8. 4. Be easy to work with 9. 5. Build alliances 10.

Cooperation

5. Build alliances Cooperation More value-creation through cooperation Share your ideas Be open

10 1. Your new best friend 6. Get a sparring partner 2. Show me the money 7. 3. Be a ‘Mensch’ 8. 4. Be easy to work with 9. 5. Build alliances 10.

Sparring partner

6. Get a sparring partner Get a partner It’s very hard to build a bigger business on your own Find an opposite It’s like cycling...

10 1. Your new best friend 6. Get a sparring partner 2. Show me the money 7. Find your niche 3. Be a ‘Mensch’ 8. 4. Be easy to work with 9. 5. Build alliances 10.

Say No!

7. Find your niche Niche Create your own niche, and dominate it “Blue Ocean” It’s ok to say No - sometimes it can win you clients! Focus

10 1. Your new best friend 6. Get a sparring partner 2. Show me the money 7. Find your niche 3. Be a ‘Mensch’ 8. Set your goals 4. Be easy to work with 9. 5. Build alliances 10.

Don’t steer - look

8. Set your goals Launch your ‘torpedo’ Know what you want to be: consultant, entrepreneur or manager Deﬁne the numbers

8. Set your goals SMART Speciﬁc Measurable Achievable Relevant Time Framed

10 1. Your new best friend 6. Get a sparring partner 2. Show me the money 7. Find your niche 3. Be a ‘Mensch’ 8. Set your goals 4. Be easy to work with 9. Cherish your talents 5. Build alliances 10.

Precious diamonds

9. Cherish your talents Diamonds Hire people that are smarter than you Hire for diversity Even the biggest diamond has to be cut - push them! Balance your 3P: People - Proﬁt - Planet

10 1. Your new best friend 6. Get a sparring partner 2. Show me the money 7. Find your niche 3. Be a ‘Mensch’ 8. Set your goals 4. Be easy to work with 9. Cherish your talents 5. Build alliances 10. Follow your passion

You can not outsource passion.

Outsource passion?

You can not outsource passion. (Some people might not agree. Like pimps. And advertising agencies.)

10. Follow your passion Passion There can only be 1 real drive for entrepreneurship: passion.

11. Free extra tip

Your home base

11. Free extra tip Your home base An entrepreneur can only be succesful if his partner supports his plans. (I can only thank Gudrun, Wolf & Kobe that they do, and love them for it.)

Start your own business!

Start your own business! It’s a rollercoaster, but a fun one.

And remember...

Don’t give up.

There’s only one difference between an amateur and a professional. The professional is an amateur that did not give up.

Questions?

Bart de Waele bart@netlash.com www.netlash.com www.ondernemeringent.be Barcamp Ghent 2 - 30/11/2008

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10 tips for starting entrepreneurs

by Bart De Waele on Nov 28, 2008

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