Measures of Central Tendency: Mean, Median and Mode
Tycoon women workshop 20 03 2012
1. Workshop
Presented By Ola Agbaimoni
www.tycoonwomen.com
tycoonwomen@tycoonwomen.com
Tycoon Women Moments radio show:
2. • Welcome
• Introductions
• Me
• You
• Name, Background, Expectations
3. Ola Agbaimoni, 50 on 3rd September
Worked in public sector as senior manager
over 25 yrs
I’m a passionate entrepreneur: I run my own
company Leaders To Follow Ltd
Contact details:
www.tycoonwomen.com
tycoonwomen@tycoonwomen.com
4. •My Purpose: To Change the World by Creating
Tycoon Women living successful, truly wealthy
lives making money from their passion
•My expectation: To inspire you to take the next
step towards your goal
5. Overview
• Why Tycoon Women?
• Why we may not see ourselves as
entrepreneurs?
• The New Reality
7. Overview
• Difference between running a traditional business
and becoming a Tycoon Women
• How to think like a Tycoon Woman
• Fast start-up business models
• Tycoon skills
• Get started!
10. • Tycoon Women: powerful women with thinking
hearts
• Tycoon = Totally You Confident Outstanding
Optimistic Now
• Empower women to become the CEOs of their
own lives You Plc (Personal Life Corporation)
• Your assets: Internal Wealth – Emotional;
Physical; Intellectual, Spiritual
• Confidence to do or be anything you wish
including a Tycoon Woman in business aka a
Highly successful Entrepreneur
11. • Why We May Not See Ourselves As
Entrepreneurs
– Disharmony in our two primary relationships
– Our relationship with Money
– Our relationship with ourselves
12. • Why We May Not See Ourselves As
Entrepreneurs
Results in:
– Negative talk, limiting beliefs, lack of confidence
– Fear of: poverty; social ridicule, failure
13. • Why We May Not See Ourselves As
Entrepreneurs
– Mis-education: Trained to become a worker
14. • The New Reality
– Jobs being lost
– Wages being cut
– Pensions losing value
15. A single Income from a single job can no longer sustain you
New Information Age Old Era
Independent
Job Dependent
State Dependent
Aid Dependent
16. New Information Age Opportunities
• People will seek out Information
• Social Media means that it is easy to target
niche markets
• Internet is a great leveller
21. Traditional Businesses
• Created a Business Plan to approach a Bank
loan to start up
Tycoon Women
• Have low start up costs and minimal
overheads
22. Traditional Businesses
• Manufacture or import /export bulk items for
sale
Tycoon women
• source suppliers globally who are prepared to
drop ship
23. Traditional Businesses
• Use expensive and imprecise marketing
Tycoon Women
• Understand that customers are part of their
community and relate to them as advisor and
friend
24. •How to think like a Tycoon Woman
•What to Entrepreneurs Do?
•Look for the PAIN
•Problems
•Aspirations
•Issues
•Needs
25. How to think like a Tycoon Woman
• Learn to see opportunities for solving
problems
• Exercise:
• You need to make £1000 in 4 weeks
• Discuss ideas with a partner 5mins
27. 8 Major Concerns = 8 Consumer Markets
• Spirituality
• Health & Fitness
• Love and Marriage
• Careers
• Personal Finance
• Lifestyle
• Personal Development
• Contributing to the Community (charity/politics)
28. The Master Key: Law of Supply and Demand
1. Never supply anything that is not in hot demand
2. Start with Market demand rather than your idea
3. Thorough market research is vital
4. Your focus should be with the demand side not the supply
side
5. You must understand the scope , duration and depth of
demand
29. Benefits of the 4 Business Models:
Can be run from home
Can be started with little or in some cases no financial outlay.
Has the potential become a commercially viable business that
can be sold to buyers
Has the potential to be automated in such a way that they
work independently of your daily input.
30. Once fully automated is effectively a low maintenance
business. They can be run successfully with minimal input
from the entrepreneur that created them.
Can be applied to any niche market chosen by the owner.
Is flexible model and can be adjusted to suit the rapid changes
taking place in the markets.
Is based on the real business behind real business i.e.
effective marketing and sales
31. Fast Start Up Business Models
• Affiliate or Sign post Marketing Model
• Network or Multi Level Marketing Model
• Information/ Mentoring Model
• Subscription Services Model
34. • Becoming a Tycoon Woman in business is a
way to secure your future and guarantee your
dreams
• Business models have produced more
millionaires than any other financial plan
• Not a get rich quick scheme BUT
• Initial hard work long hours will pay off!
35. Getting Started
• Work on bring harmony into your relationship
with Money and your relationship with yourself
How
• Identify your money mindset
• Heal your money history
• Get clear on your values
36. Getting Started
• SWOTT Yourself and create a personal
development plan
• Identify Your passion – your gift to the world
• Who is it for ? – your niche
• Create your wealth – your business model: How
to give as much value as possible to the most
people
37. • Where to get help?
• Internet
• Books and Articles
• Business support agencies; IP centre in the
British Library
• Coaches and Mentors
39. Subscribe to the Tycoon women weekly
newsletter
www.tycoonwomen.com
tycoonwomen@tycoonwomen.com
Editor's Notes
Not what you do it’s what you know
Main difference between an employee and an entrepreneur is your world view. Entrepreneurs see solutions and opportunities by taking note of the world around them. Red v blue exercise.
Feedback to group- if not enough people use flipchart to note ideas in a group
The real business behind business is sales. Without sales to customers you are not in business. Therefore it is vital if you are to become a successful Tycoon woman to understand the laws of demand and supply. hot demand means more than your family and close friends wanting to buy your product. too many people with good ideas fail in business because they are more interested in their idea or product i.e the supply that what the market is telling them. Example of Shake and vac Scope = entrepreneurs know that only a fraction of the people you want a product will actually buy it, therefore they will not supply anything that is not in hot demand by large numbers of peopleDuration= how long people buy this product for what they always need it or is it a one-time sale. If the demand is durable or there is continuity i.e. Life after a sale that business is of interestDepth = if their range of products and services that can be sold alongside this product Other support services be sold with this product is their up sell or side sell opportunity
Business is about sales sales is the oldest even only profession everything is tradedPurpose of business is to create and keep customersBusiness behind business is marketing new models strip out the old costs of marketing and sales using modern methods eliminating waste and complications
Sales and marketing 2 most important kills. no customers no Sales not business. People are afraid of sales – images of pushy sales people selling vulnerable customers what they don't want. Modern business understand that true selling is about providing solutions to problems and targeted at the people who need those solutions. If you get your marketing right customers should seek you out. Financial know how speaks for itself – managing your business expenses and knowing when where and how your money is flowing
Staying power – making the shift sticking with it when going gets toughBeing able to manage time wisely so don't become busy fool, works smarter not harder. Early days will need to be Jill of all trades
why are you in business? what do you do? How are you adding value, what is your promise to your customersPersonal SWOT and a development plan
why are you in business? what do you do? How are you adding value, what is your promise to your customersPersonal SWOT and a development plan
