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Entrepreneurs: Basics of Business

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This is .ppt presentation used by Ben Moore as part of the panel discussion hosted by BDPA Cincinnati chapter in June 2010. The topic, "Basics of Small Business".

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Entrepreneurs: Basics of Business

  1. 1. xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. Agent Technologies, Inc. Ben Moore 513.942.9444 [email_address] xRPsystem.com Entrepreneurship
  2. 2. The Presenter xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. <ul><li>Ben Moore </li></ul><ul><li>Founder and President of Agent Technologies, Inc. </li></ul><ul><li>(IT Company Founded in 1995) </li></ul><ul><li>Founder and President of Niche Consumer Products </li></ul><ul><li>Former Principal and Chief Operating Officer of CityWatcher </li></ul><ul><li>Developer of Agent Based ERP Scheduling System for Dept. of Defense </li></ul><ul><li>Former General Manager of a MM/year Manufacturing Company </li></ul><ul><li>Former Procter & Gamble Engineering + IT/Brand </li></ul><ul><li>Author: The Consumer’s Workshop: the Future of American Manufacturing </li></ul>
  3. 3. Entrepreneur xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. An innovator of business enterprise who recognizes opportunities to introduce a new product, process, service or an improved organization, and who raises the necessary money, assembles the factors for production and organizes an operation to exploit the opportunity.
  4. 4. Business Facts xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. <ul><li>80% of Businesses Fail Within 5 Years </li></ul><ul><li>Only 1 in 7 Businesses that Fail have Debt </li></ul><ul><li>Over 80% of Franchises Succeed </li></ul><ul><li>Why Do Franchises Succeed and Many Other Ventures Fail….SYSTEMS. </li></ul><ul><li>The Difference Between Working IN the Business </li></ul><ul><li>and Working ON the Business. </li></ul>
  5. 5. What Makes an Entrepreneur xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. <ul><li>Vision, Passion & Drive </li></ul><ul><li>Focus on the Systems (Systems for Sales, Operations, Finance, etc) </li></ul><ul><li>Focus on Sales / Securing Necessary Capital </li></ul><ul><li>Focus on Assembling Business Team </li></ul><ul><li>Continuous Self-Improvement </li></ul>
  6. 6. Rules of Sales & Marketing AT Agent Technologies, Inc. # Leads X Conv. Rate = # Customers X # Trans. X Avg Sale = Total Sales
  7. 7. Securing Capital xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. Over 1 MM Venture Capital $5,000 – $500,000 Angel Investor Varies Credit Card, 401K, Home Equity, Loans/Credit Lines Level Type
  8. 8. Recommended Reading xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. <ul><li>The E-Myth by Michael Gerber </li></ul><ul><li>The 4-Hour Workweek by Timothy Ferriss </li></ul><ul><li>Tuned In by Craig Stull, Phil Myers & David Meerman Scott </li></ul><ul><li>Think And Sell like a CEO by Anthony Parinello </li></ul><ul><li>Jump Start Your Business Brain by Doug Hall </li></ul>
  9. 9. Questions ? xRPsystem.com - Online Business Productivity Tool AT Agent Technologies, Inc. Ben Moore Agent Technologies, Inc. 513.942.9444 [email_address] xRPsystem.com

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