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So You Want To Start A Business
 

So You Want To Start A Business

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So you want to start a business?

So you want to start a business?

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    So You Want To Start A Business So You Want To Start A Business Presentation Transcript

    • So you want to start a business
      Wray Rives, CPA
      www.rives-cpa.com
      © Copyright 2010 Wray Rives, CPA
    • So you want to start a business?
      Are you MAD?
      Starting a new business requires
      Motivation
      Ability
      Dollars
      © Copyright 2010 Wray Rives, CPA
    • Motivation
       Lots of great ideas are out there, but it takes the desire to invest in those ideas to make them happen
      entrepreneurial projects are not small endeavors with spectacular results
      a business takes a significant investment of the entrepreneurs’ time and must yield sufficient payoff in exchange for that investment, even if the work is self-rewarding
      Profits are what enable the entrepreneur to continue investing themselves in newer, bigger projects
      © Copyright 2010 Wray Rives, CPA
    • Ability
      Having the physical and mental capacity to implement a vision in ways required to succeed in your planned goals
      being adept at organizing the resources available to you in effective ways
      not having all of the answers from the beginning and being ok with that
      specialized knowledge
      Entrepreneurs tend to constantly adjust their course as they proceed, in contrast to large organizations which chart their course years before taking their first step
      © Copyright 2010 Wray Rives, CPA
    • Dollars
      Capital. Access to resources.
      angel funding
      self funding
      political capital
      ability to harness labor
      or some combination of the above
      It generally takes something (usually, but not always money) to make something else.
      © Copyright 2010 Wray Rives, CPA
    • Worker or Business Owner?
      © Copyright 2010 Wray Rives, CPA
    • Good News/Bad News
      You have probably heard that 50% of new businesses fail in the first year and 95% fail in the first 5 years
      WRONG-66% of new businesses survive 2 years and 44% survive at least 4 years*
      *Small Business Administration Office of Advocacy
      © Copyright 2010 Wray Rives, CPA
    • Good News/Good News
      It has never been easier to start a new business thanks to the internet
      Online stores: Amazon, Yahoo, Etsy, Ebay
      Web Presence: Google Sites, Network Solutions, Blogs (blogger or wordpress)
      Business Presence: Google Local Business, Merchant Circle, Yahoo Local
      Freelance work: oDesk, eLance, Guru, Rentacoder, Craigslist
      Social Media 1.0: LinkedIn, Facebook, Twitter
      Social Media 2.0: Yelp, FourSquare, Amplify, Twitter
      © Copyright 2010 Wray Rives, CPA
    • Resources
      Outright.com Free online bookkeeping
      Freshbooks.com Online invoicing
      Shoeboxed.com Effortless receipts
      MailChimp.com Email newsletters
      Unintentionalentreprenuer.com Resources for folks like yourself
      Brazencareerist.com Resources for folks like yourself who are under 40
      Smallbiztrends.com Trends affecting small businesses
      © Copyright 2010 Wray Rives, CPA
    • Stay informed/Stay Relevant
      Continuing Education
      TSCPA.org (CPE)
      PassOnline.com
      Engage with people, Don’t just sell to them
      Networking and Marketing both have their place
      But don’t confuse the two
      Don’t forget to network in the real world
      Define a niche and find a need
      Become the “goto” person in that niche
      Write: examiner.com, blog, answers.business.com
      DO NOT try to be everything for everybody
      © Copyright 2010 Wray Rives, CPA
    • Wray Rives, CPA
      www.rives-cpa.com
      www.NeedaCFO.com
      wray.rives@gmail.com
      “You can have everything in life you want if you help enough other people get what they want” ZigZiglar
      © Copyright 2010 Wray Rives, CPA