THE COLLEGE OF BUSINESS START UP (UNDERGRADUATE SCHOOL) College of Business Start Up

1. COLLEGE OF BUSINESS START UP
Welcome to the

2. Agenda
• Importance of Starting a Business
• Establishing Business Credit
• Business Start Up Challenges

3. The
Importance of
Starting a
Business

4. Tax Benefits
• As a salaried employee you can do little to
control your tax
o You can do some things to affect your tax -
retirement plans, deferrals, special savings accounts
etc.
• Starting a small business can transform your
relationship with taxes
o Supportive government
o Write off extraordinary amounts of your income
o Bonus point - employ family members
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5. 5
Job Security
• Have the right skills, then go ahead and start
your own business
• You are the boss – no lay off, promotion
problems etc.
• You have control of your company’s decisions
• As an industry leader you have the resources
and decision-making capability to stay current
and competitive

6. If you think the only way to get ahead and
network with the superstars in your market is to
get in with a big company , YOU’RE WRONG!
You’ll be pleasantly surprised how many doors a
business card with “CEO” can open—even if
you’re CEO over a grand total of one person.
Network in your
Industry

7. Network in your
Industry (Cont..)
• It’s not just the size of the company
that impresses people but by being
an owner and taking control of your
destiny.
• Owning your own business means,
you have:
o a lot more to offer when it comes to
collaboration and negotiations
o more insider knowledge in your industry
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8. Learn New Skills
• When you work for someone else, you
have an excuse to slack off on learning
new skills.
• When you are in your own business, you
quickly learn how to become the “right”
person for every job.
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9. Learn New Skills (Cont..)
• You’ve heard the saying, “If you want it
done right, do it yourself.”
• Learning new things keep you sharp,
and staying sharp makes it even easier
to acquire new skills.
It isn’t about just being successful in your
career; it’s about being successful in life.
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10. Become an Expert
• Your motivation to learn can take you much
farther than just learning to use one s/w
properly
• As the CEO, you will become an expert in the
skills you are passionate about
• As an employee, you may love graphic
design, but that may not be what you are
getting paid for

11. Become an Expert
(Cont..)
• In your own company, you can take on as
much of the passion you like—and get
paid for it
• Get and keep your certifications up to
date, create a portfolio, and find out how
much of an expert you can become
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As a business owner, you’re not
dependent on anyone to hand that
opportunity over; it’s one you can
give to yourself.

12. Connect with
Mentors
• Networking
• Find true mentors in your field
• Running your own business will give you more
confidence in seeking mentors out
Necessity is a wonderful motivator

13. Put Your
Determination
to the Test
• Success is not all about inspiration;
determination is thought by many to be the
real factor.
• Don’t be like that kid in school that always said
they “could” have gotten an A if they’d studied,
but they were content with a B.
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Prove to yourself you have the determination to be a true success, and stand on your own two feet.

14. Learn to Respect Yourself
• Putting your determination to the test leads to
the next best reason to start your own business-
learn self-respect.
• As the CEO, you may have to make concessions
but you will be fully in charge of when, where,
and how those concessions take place, if you do.
• You will have to take responsibility for your own
decisions
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Greater responsibility leads to greater self-respect

15. Create Jobs
• Starting your own business
can create job security for
more than just yourself
• Be your own boss—and find
the right talent to join you on
your path to success.
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Be a catalyst for change in your own community

16. Gain Financial
Independence
• Starting your own company does not have
to be a dream.
• As the CEO, you call the shots when it
comes to taking risks, deciding on
investments and expenditure etc
• You become the determining factor, and
you won’t have your financial success
snatched away from you

17. Shape the Market
• If you have ideas that can transform
marketplace, put them to test.
• You will get the chance(s) to make your
mark in your own industry
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18. Share Your Story
• The story of your life, of your dreams,
of your goals—becomes the story of
your company.
• It gives you a chance to put your story
on center stage.

19. Have Pride
• Have pride in your job
• When your company succeeds or
fails, it reflects directly on you.
• You will be proud of your
accomplishments but most proud
that you had the courage to set
out on your own.

20. Create a Legacy
• Starting your own business gives you the chance to
create a legacy
• Your small, hard won successes today lay a
foundation for the future of your entire family line.
• You set an example that tells your children that their
success is up to them.
Determination, Resolve, and Responsibility are the
real recipe for a fulfilling life

21. Earn Recognition
• Make your mark on your industry
and in your community as a
business owner to find out what
true recognition means.
• You become a member of society
that contributes something
meaningful and lasting, and also
recognized for your
accomplishments in an equally
meaningful and lasting manner.
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22. Inspire Others
• Sometimes the most important impact we can make is much more personal.
• Inspire the next you, the next genius, the next tycoon—and start today, by
putting your business plan into action.

23. Create Your Brand
• When you’re your own boss, you
can create your own brand, and do
it your way.
• When something doesn’t work, it
gives you the opportunity to fine
tune, improve, and create
something even more exceptional.
Take responsibility for your own success and create a
product, service, or experience that people will love

24. Express Your
Creativity
• As the owner of your own business, you
will have the resources you need to put
your ideas into action.
• You can take creative risks, to do what no
one else will, or what no one else has
thought of.
• There’s no better way to exercise your
creativity than being your own boss.

25. Be the Captain of
Your Own Ship
• Don’t relegate yourself to
being just another hand on
deck.
• If you want to venture into
uncharted territory, start your
own business.
• The important thing is, you
can decide on your own, do
your own research, and carry
out your decisions with full
confidence.

26. Change the World
• You absolutely can change the world when
you start your own business.
• Some of the most influential companies
today started out small. For example,
Facebook and Google
• Creating something lasting, something that
shapes your future, the future of your
family, and the future of your community is
an opportunity to change the world itself.

27. Space for Video

28. Establishing
Business
Credit
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29. U.S Business Experts
service@usbusinessexpets.com
www.usbusinessexperts.com

30. Business Credit
• This is credit in a business’s name and not the
owners’
• Personal credit does not matter
• The company’s ability to pay is what the credit
provider cares about
• It opens up a multitude of opportunities

31. Business Credit
Benefits
• You don’t need a personal
guarantee
• Business credit doesn’t put an
inquiry on your personal credit
• Therefore, getting business credit
won’t adversely affect your
personal credit scores
• Building good business credit can
help you get loans later
• But first…
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32. Business Credit
Benefits
• Use business credit to fund your business
• You need business credit to go for loans
• You can get high limit accounts quickly
• This is one of the fastest ways to get money beyond
immediate funding
Anyone can pull your business credit reports

33. Your Startup must
be legitimate to the
Lender
• From the lender’s perspective, they
don’t know your business
• It might be a hobby for all they know
• They don’t know how serious you are
about it
• They don’t know if you’ll walk at the
first sign of trouble

34. Building Business
Legitimacy in your
Startup
• A lender wants to see what they feel is a
legitimate business
• A startup has no to very little history, and
that makes lenders nervous
• It would seem to not be legitimate on its
face
• But there are ways to demonstrate
legitimacy

35. Business Start
Up Challenges
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36. Intro
Here are the things you need to do before
starting a business
• Create an impactful message.
• Focus on your customer and have
understanding and knowledge of the
market.
• Begin small and grow

37. Intro (Cont..)
Here are the things you need to do before
starting a business
• Understand your strengths, skills,
resources, etc.
• Get with advisors and mentors.
• Write your business plan.
• Know your expenses and income.
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38. Understand the Commitment and
Challenges Involved in Starting a Business
Challenges that exist when starting and
growing a business:
• Coming up with a great, unique product
and/or service
• Having a clear vision and strong business
plan
• Having enough capital to start, and enough
cash flow to grow

39. Challenges that exist when starting and
growing a business:
• Finding suitable employees
• Working more than you expected, and
possibly are paid for, especially in the
beginning stages.
• Not letting rejection and failure by
customers and staff discourage you
Understand the Commitment and
Challenges Involved in Starting a Business

40. Challenges that exist when starting and growing a
business:
• Efficient time management
• Maintaining balance in life and work
• Knowing when to adjust your plan
• Maintaining the stamina to keep going even
when it’s tough
Don't worry we are here to help you overcome
these challenges
Understand the Commitment and
Challenges Involved in Starting a Business

41. Protect Your Personal Assets by Forming the
Business as a Corporation or LLC
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