10 tips for starting entrepreneurs
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Sharing 10 tips for starting entrepreneurs.

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 10 tips for starting entrepreneurs Presentation Transcript

  • 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.
  • 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
  • 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.)
  • 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
  • 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