Find Your Way

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Presentation for Austin Rotary International Vocation Day.

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Find Your Way

  1. 1. Find Your Way<br />Presented by Jan Triplett, Ph.D., CEO Business Success Center<br />
  2. 2. Current Climate<br />Almost 36,000 businesses in the Austin MSA, 7% unemployment, Tx 8.1%, US 9.5% (Aug 2010)<br />Over 95% of firms under 20 employees<br />Nationally — Consumer Confidence Low<br />Nationally — Small Business Confidence Low<br />Good News:Historically, small business owners are unusually optimistic no matter what the world looks like.<br />©Business Success Center, Austin, TX 2010<br />2<br />LMCI Statistics for Aug 2010 (from TX Workforce Commission)<br />
  3. 3. Not Just 1 Right Answer to Finding Success<br />©Business Success Center, Austin, TX 2010<br />3<br />
  4. 4. Power of 3<br />3 Worlds — Past, Present, Future<br />3 Outcomes — Evolve, Grow, Die<br />3 Roles — Owner/Investor, Manager, Employee<br />3 Success Strategies — Entrepreneur, Proprietor, Guild<br />3 Personal Styles — Entrepreneur, Believer, Rebel<br />©Business Success Center, Austin, TX 2010<br />4<br />
  5. 5. 5 Challenges<br />Economic<br />Technological<br />Environmental<br />Political<br />Social<br />©Business Success Center, Austin, TX 2010<br />5<br />
  6. 6. Magic 7<br />7 Business Lifecycle Stages<br />Idea<br />Survival<br />Transition<br />Stability<br />Evolution<br />Growth <br />Transference<br />7 Areas of Responsibility<br />Vision/Planning<br />Financial Management<br />Sales & Marketing<br />Compliance & Recordkeeping <br />Administration<br />Operations<br />Activism<br />©Business Success Center, Austin, TX 2010<br />6<br />
  7. 7. 7 Steps to Find Your Way<br />1. Select the right customer — most lucrative or most accessible (Platinum Profile™)<br />2. Select the right problem to address — new world order: Post Cold War, global, divided digitally & economically<br />3. Service before self — business is NOT everything; doing for others, balance<br />©Business Success Center, Austin, TX 2010<br />7<br />
  8. 8. 4. Know your competition — including DIY & Do Nothings<br />5. Choose the best competitive advantage you can defend or use hyper competition to stay ahead<br />6. Ensure your pricing is value-based not cost driven<br />7. Run the business your way balancing life & work<br />©Business Success Center, Austin, TX 2010<br />8<br />
  9. 9. 9 Success Traits<br />Give me your business card or send me an email and I will send you a link to a quick assessment of the 9 personal and financial traits that I recommend bankers and funding sources look for.<br /> Subject Line: “9 Success Traits”<br />My email triplett@bscusa.com<br />Follow me on twitter@JanTriplett, FaceBook@JanTriplett, LinkedIn@JanTriplett<br />©Business Success Center, Austin, TX 2010<br />9<br />
  10. 10. Here’s to Your Success!<br />Find Your Way<br />Presented by Jan Triplett, Ph.D., CEO Business Success Center<br />triplett@bscusa.com • http://www.ownersview.com • 933.1983<br />

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