An entrepreneurship development presentation.

1. BE YOUR OWN BOSS: How
to start a profitable
business

2. REFERENCE:
Luke 19:13 & 15

3. “calling ten of His
servants, He gave
them ten minas,
and said to them,
‘engage in
business until I
come.” vs. 13

4. “when he returned,
having received the
kingdom, he ordered
these servants to whom
he had given the money
to be called to him, that
he might know what
they had gained by
doing business.” v.15

5. OVERVIEW

6. “Be your own boss” or
an entrepreneur or a
business person is
being a risk-taking
individual, who initiates
an idea and raises
finance for new
commercial,
enterprises.

7. They are problem
solvers. They have
the inner eyes to
see Windows of
opportunity ahead
of time.

8. The idea of being
an entrepreneur, a
business owner,
or “being your
own boss” can be
so exciting at
times.

9. IT IS NOT WHAT YOU
THINK

10. 1. It is not a haven of
comfort and pleasure.

11. 2. It is not a call to
mediocrity.

12. 3. It is not an excuse for
indiscipline

13. WHAT IS IT ALL
ABOUT

14. 1. It is about
determination: A
determined person
stays the course
no matter what
happens or what
gets them down.

15. 2. It is about self-
discipline: Self-
discipline is at the core
of every successful
person, the key to
building a positive
attitude toward time
and personal
management.

16. 3. It is about becoming an
expert: To become a boss
you need experience, and
becoming the expert in
the company you are
starting means that you
need to be able to rely on
your own knowledge and
wisdom as you grow and
run your business.

17. 4. It is about been
decisive: Becoming
your own boss
requires the ability to
stand on your own
and take responsibility
for your action and
consequences.

18. 5. It is about building a
network: Your network
determines your net
worth. It's all but
impossible to build a
business on your own.
That's why you need to
connect with as many
influencers you can within
your industry and field

19. 6. It is beyond just
technical skills:
These includes
organizational
skills for system
and structural
development.

20. 7. It is about
risk-taking:
This defines
leaving the
familiar for the
unfamiliar.

21. STARTING A
PROFITABLE
BUSINESS

22. 1. Self-evaluation: This
involves asking yourself
"why" you want to start a
business? Is it because
you need more money,
or more freedom or to
compensate yourself,
etc. This would further
lead to the following:

23. What skills do you
have?
Where does your
passion lie?
Where is your area of
expertise?
Are you even ready to
be an entrepreneur?
How much can you
afford to spend;
knowing that most fail?

24. 2. Find problems,
create solutions:
This could be
defined as
generating business
ideas. The following
are methods of
doing so:

25. Modification Apprenticeship
Natural
abilities
Market gap
Interest Leasing

26. Research Franchising
Work
experience
Purchasing
existing ideas

27. 3. Feasibility research: This
would help you answer
questions such as: what
problems will your
products/service solve? Who
are my competitors? What
will your unique selling
proposition be? This
research will also help you
understanding the
following:

28. Market plan Materials
Production
system
Location and
site
Financial
evaluation
Business
form

29. 4. Write your business
plan: This is putting
your business idea on
paper after critical
research has been
executed. It gives
direction to your
business. And contains
the following among:

30. Vision and
mission statement
Core values
Target market SWOT Analysis
Pricing strategy
Financial
projection

31. Business
model
Market
strategy
Business
objectives
Sales forecast

32. 5. Do a start-up
paper work: Give
your business a
name and go for
registration to
becoming a legal
entity.

33. 6. Be professional
from the beginning:
Get a business card,
Design your business
policy, code of ethics,
create your online
presence-email,
Facebook, website

34. 7. Get clients
now:
Advertise
your products

35. 8. Start with
enough
courage:

36. IN CONCLUSION

37. "Be your own boss" is
not a call to the alluring
fantasies it presents,
but setting up oneself
for success right from
the start and for the
long haul. Thank you
for listening.