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Are you ready to have your own business 25 june 2011

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Are you ready to have your own business 25 june 2011

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Are you ready to have your own business 25 june 2011

  1. 1. ARE YOU READY TO HAVE YOUR OWN BUSINESS By : Joyce Lim Certified Financial Planner (www.joycelim.net) 25 June 2011 Organized by Simply Empowering Enterprise All Rights Reserved
  2. 2. THE BEGINNING … off to a great start….
  3. 3. <ul><li>EVERYONE WAS GIVEN A CHANCE TO SHARE WHAT THEY DO </li></ul>INTRODUCTION BY PARTICIPANTS
  4. 4. KEY AREAS COVERED
  5. 5. Who, What, When & How $$$$$ $$ in business & in personal life Attitude & Behavior How it affects you
  6. 6. BUSINESS SET UP - ORGANIZATION CHART Which ‘hat’ are you wearing ?
  7. 8. PRACTICAL SESSION
  8. 9. ..group discussion time….
  9. 10. ROLES & RESPONSIBILITIES
  10. 11. PRESENTATION BY PARTICIPANTS 2 because there’s disparity The Admin & Operation – the under-appreciated one ? Where’s the finance dept? The owners The lovely CEO Representative The sales team leader
  11. 12. INFO & INFORMATION SYSTEM ** Ratio analysis
  12. 13. INFO & INFORMATION SYSTEM ** Ratio analysis
  13. 15. WHAT ABOUT $$$$FLOW?? <ul><li>? Why no money in bank account - where did the money go </li></ul><ul><li>? How to optimize cash usage </li></ul><ul><li>? What about personal wealth </li></ul>
  14. 16. …… HALF WAY THERE….. … .A FEW MORE ESSENTIAL POINTS TO SHARE ….
  15. 17. <ul><li>Are YOU one ? </li></ul>WHO’S AN ENTREPRENEUR ?
  16. 18. WHAT SKILLS AND KNOWLEDGE DO I HAVE OR TO ACQUIRE ? I don’t know how to sell... LEARN HOW! I don’t know about the business…but I have the capital… LEARN FROM EXPERTS! What am I good at ? BUILD ON IT ! What am I passionate about? PURSUE IT!
  17. 19. Build on your STRENGTH & Manage your WEAKNESSES <ul><li>ASSET </li></ul><ul><li>LIABILITIES </li></ul><ul><li>CASH FLOW </li></ul><ul><li>EARNINGS </li></ul><ul><li>RISKS </li></ul><ul><li>VALUES </li></ul><ul><li>SKILLS </li></ul><ul><li>KNOWLEDGE </li></ul><ul><li>TIME </li></ul><ul><li>RESOURCES </li></ul><ul><li>BUSINESS </li></ul><ul><li>SELF </li></ul>
  18. 20. Are you ready to make the CHOICE – what are you willing to let go? <ul><li>ESSENTIAL </li></ul><ul><li>ADDS VALUE TO YOUR LIFE </li></ul><ul><li>CAN DO WITHOUT </li></ul><ul><li>NICE TO HAVE </li></ul><ul><li>NEED </li></ul><ul><li>WANT </li></ul>
  19. 21. WHAT’S MY HABITS AND BEHAVIOR?
  20. 22. WHAT’S MY HABITS AND BEHAVIOR?
  21. 23. WHAT’S MY HABITS AND BEHAVIOR?
  22. 24. WHAT’S MY HABITS AND BEHAVIOR?
  23. 25. WHAT’S MY HABITS AND BEHAVIOR?
  24. 26. … .what changes can I make… what’s the impact ... What would my current action lead to ? What’s the possible impact of those choices made today in my foreseeable future Your current actions determines your future !!
  25. 27. … .my Story & my Emotions...
  26. 28. … .what I’m currently doing...
  27. 29. … . a taste of success ! … … What’s next.... … come up with something totally new ?.... … not really, just an enhanced version….
  28. 30. BRINGING YOUR BUSINESS TO GREATER HEIGHTS….
  29. 31. … MAKE YOUR MONEY WORK HARDER FOR YOU….
  30. 32. Last ……but not least ... … give to those who need, when you can do so…

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