10 tips for starting entrepreneurs

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Sharing 10 tips for starting entrepreneurs.
Presentation I gave at Barcamp Ghent 2 (see also: http://barcampgent2.wikispaces.com/ ).

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10 tips for starting entrepreneurs

  1. 10 tips for starting entrepreneurs Titel tekst “So youBeschrijving to build want slide your own business?” Barcamp Ghent 2 - 30/11/2008
  2. Hi, my name is Bart.
  3. I work at webagency Netlash. ... and at a few other companies:
  4. 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)
  5. Starting your own business 10 tips from my personal experience
  6. Listen carefully...
  7. * personal experience *
  8. It might not apply to you. Or your business.
  9. My 10 tips
  10. 10 1. Your new best friend 6. 2. 7. 3. 8. 4. 9. 5. 10.
  11. Your accountant
  12. 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!
  13. 1. Your new best friend Your accountant And whatever you do...
  14. 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.
  15. 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.
  16. 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.
  17. 10 1. Your new best friend 6. 2. Show me the money 7. 3. 8. 4. 9. 5. 10.
  18. Watch your cash-flow
  19. 2. Show me the money Watch your cash-flow No matter how profitable you are, if you run out of cash, it’s
  20. 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
  21. 2. Show me the money Billing Send out your bills asap Follow them up for payment Be firm but friendly! Ask advances
  22. 2. Show me the money Oh, and should I mention: You HAVE to have a business model.
  23. 10 1. Your new best friend 6. 2. Show me the money 7. 3. Be a ‘Mensch’ 8. 4. 9. 5. 10.
  24. 3. Be a Mensch Mensch Mensch (Yiddish: ‫ מענטש‬mentsh) means quot;a person of integrity and honorquot; http://en.wikipedia.org/wiki/Mensch
  25. Build your rolodex
  26. 3. Be a Mensch Networking Don’t network to build business The network of your network is far more important! “Pay it forward”
  27. 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.
  28. Availability
  29. 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
  30. 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.
  31. Cooperation
  32. 5. Build alliances Cooperation More value-creation through cooperation Share your ideas Be open
  33. 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.
  34. Sparring partner
  35. 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...
  36. 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.
  37. Say No!
  38. 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
  39. 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.
  40. Don’t steer - look
  41. 8. Set your goals Launch your ‘torpedo’ Know what you want to be: consultant, entrepreneur or manager Define the numbers
  42. 8. Set your goals SMART Specific Measurable Achievable Relevant Time Framed
  43. 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.
  44. Precious diamonds
  45. 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
  46. 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
  47. You can not outsource passion.
  48. Outsource passion?
  49. You can not outsource passion. (Some people might not agree. Like pimps. And advertising agencies.)
  50. 10. Follow your passion Passion There can only be 1 real drive for entrepreneurship: passion.
  51. 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
  52. 11. Free extra tip
  53. Your home base
  54. 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.)
  55. 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
  56. Start your own business!
  57. Start your own business! It’s a rollercoaster, but a fun one.
  58. And remember...
  59. Don’t give up.
  60. There’s only one difference between an amateur and a professional. The professional is an amateur that did not give up.
  61. Questions?
  62. Bart de Waele bart@netlash.com www.netlash.com www.ondernemeringent.be Barcamp Ghent 2 - 30/11/2008
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