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Moderated by Ivan Vlasyuk,
Freelance Project Manager
ivan.vlasyuk@gmail.com
Agenda: CCC meeting 1st Dec, Tuesday, 19-20:00
Topic: How to start up your own business
Location: Starbucks, WENCESLAS SQU...
Minutes taken, slide 1
●   for services the need of the capital is smaller (compared to production)
●   computer/internet ...
Minutes taken, slide 2
●   when starting (moving from existing company and starting your own in same field) is good to tak...
Basic Info

Name:           Young Professionals Forum

Category:       Organizations - Community Organizations

Descriptio...
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Young Professionals Forum.Cz Creative Coffee Club Agenda And Minutes Dec 1st

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Young Professionals Forum.Cz Creative Coffee Club Agenda And Minutes Dec 1st

  1. 1. Moderated by Ivan Vlasyuk, Freelance Project Manager ivan.vlasyuk@gmail.com
  2. 2. Agenda: CCC meeting 1st Dec, Tuesday, 19-20:00 Topic: How to start up your own business Location: Starbucks, WENCESLAS SQUARE, 2nd floor Duration: 60min Agenda (item - owner - time - outcome): ● Round table introductions - Ivan - 10min - team formed ● 1st round table question - What experience do you have with establishing your own business? - team - 10min - knowledge formed ● 2nd round table question - How do you get financing for your own business? - team - 10min - knowledge formed ● 3rd round table question - How do you perform "smart marketing" for your own business? - team - 10min - knowledge formed ● Open discussion - some conversation starters questions - 10min: - How do you find/define your area of business/product? - How do you get financing (venture capital, bank credit)? - How do you find business partners? - What is the cost to establish own company in Czech Republic? - What is best legal form - zivnostenskij list/ s.r.o. / a.s. ? - How long it takes to incorporate? - Office space - do you need one? what are good options? - HR - where and how do you look for and hire best talents? - Who can help with writing business plan? - Marketing - how much to spend on initial marketing? how to market with minimal budget? Smart marketing - facebook, website, events - How to manage own fear of starting own business? - How to develop vision for own business? ● Generating questions to Leaders' Dialogue - 5 min ● Agree on next topic - ... ? - 5 min Tue, 1 Dec, 2009 Prague, Czech Republic 2
  3. 3. Minutes taken, slide 1 ● for services the need of the capital is smaller (compared to production) ● computer/internet helps to market small business - Facebook, Twitter, LinkedIN. ● to get financing from the bank - need a business plan ● list of targets, for smaller business list coult fit on A4 page ● need to show your experience ● biz plan is not a prerequisite to start own biz ● start, survive 1st year, then start planning based on experience. ● better to start with less money and grow, then having risk of starting big on borrowed money and then burn them out ● money at the beginning could come from parents, friends, not necessarily bank ● for start still need some capital - recommended at least 10 months cash reserve. ● it takes up to 2 years to get your business established/self-sufficient and functioning ● it takes 2 years to build a customer base ● set your budget for 2 years. consider stretching it 15% more ● if business did not start up , then could always return being employee Tue, 1 Dec, 2009 Prague, Czech Republic 3
  4. 4. Minutes taken, slide 2 ● when starting (moving from existing company and starting your own in same field) is good to take 1-3 clients with you ● need to know you minimal monthly budget ● branding is important. branding helps ● for example when coffice.cz was organized - the financial calculation was done ● good to develop vision ● financial independence ● do what you like ● be uique ● good to start with simple idea ● can start your enterprising activity (for example photography) as side-job then once you realize you still like it and it brings clients - then you can really move into it full-time ● legal own business can start also as move from current work as employee at legal office and taking 1-3 clients with you ● find right people to work with ● disadvantages of own business - never know what a future would bring ● future topics could be - How to Start Your Own Business, focus on - how to market, how to organize, how to grow it Tue, 1 Dec, 2009 Prague, Czech Republic 4
  5. 5. Basic Info Name: Young Professionals Forum Category: Organizations - Community Organizations Description: The Young Professionals Forum is devoted to providing young professionals with the skills, contacts, and opportunities to help them succeed and become active members of the business community. Privacy Type: Open: All content is public www.youngprofessionalsforum.cz http://www.facebook.com/group.php?gid=21748200412 Ivan Vlasyuk, Freelance Project Manager ivan.vlasyuk@gmail.com Tue, 1 Dec, 2009 Prague, Czech Republic 5

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