Birthing Your Business - Entrepreneurship Empowerment Seminar
1. BIRTHING YOUR BUSINESS
Entrepreneurial Empowerment Seminar
Rock of Hope, International Ministries
30th Anniversary Convention
October 20, 2013
Miguel Graham, Empowerment Coach
Email: miguelg.tech@mail.com
Tel: 876-471-2067
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2. Success comes when you
change wishing into doing!
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3. Success is a decision… followed by
massive actions
-Alvin Day
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4. Are their dreams and purpose inside of
you that will be taken to the grave
because you lack the ability to take
action and discipline?
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5. To be successful in achieving
your purpose/ dream you will
need:
Commitment
Accountability
follow-through
If you do not have the discipline to do it
get the services of an empowerment
coach.
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6. You must Believe
Believe Like Leaders
Behave Like Leaders
Become Great Leaders
Build The Business as Leaders
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7. You must first discover your purpose
or dream then believe it.
Because you are as strong as your
belief system.
What God says is for you, it is for you.
You cannot write the plan you just fit in
it and watch God work. Like a potter
molds the clay.
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8. Who Am I, Why Am I Here and Where
Am I Going?
Have you ever asked yourself these
questions?
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9. Connection with purpose will bring
conception
Am I feeling contracts?
Do I have fire in my belly?
Which stage are you?
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10. What is inside of you?
What purpose, passion or dreams did
God wire you with?
How do you discover it?
When your find your purpose what's
next?
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11. Talk to your self
Ask yourself:
What gifts and talents are naturally in
me?
What skill am I competent in?
What is my temperament?
What are my strength and
weaknesses?
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12. What do you need for each
phase of Birthing?
Conception
Contracts of Labour signs
Pushing stage
New born
Early days
Health Growth
Mature
Succession
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14. What did you give birth to?
Baby or Dwarf?
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16. BUSINESS DEVELOPMENT
The Techniques and Skills
needed to effectively and
efficiently operate your business
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17. Choosing Your Business
Types of businesses
What are you good at (skills & talents), what is in demand that will sell
Legal points
Find out the legal ways of operating the business you are getting into.
For e.g. the parish laws; KSAC etc
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18. Keys to Success
Identifying your mission
“A mission describes the organization's basic function in society, in terms of
the products and services it produces for its customers”.
Creating a Mission Statement
A mission statement is a short written statement for the purpose of a
company or organization .Ideally, a mission statement guides the
actions of the organization
Setting measurable goals
(being realistic in projections for e.g. buying $50,000 goods and
projecting sales for $1,000,000)
Stages of growth.
Have plans put in place for future growth such as; financial, employees,
products etc
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19. Market Research
The benefits of market testing
To test multiple marketing scenarios and select the most
promising for expansion. Every dollar you spend in
market testing will save you many dollars of losses later
on in the marketing process.
finding your target market
(who are you selling to or providing service for)
adjusting to market changes
(the demand increases or decrease may caused by climate,
inflation)
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20. Legal Requirements and Resources
Types of legal requirements
Legal resourcesIt is good to know a lawyers or how to get one
RegulationsRoad regulations, building regulations etc
Licenses and permitsRegister business, food handlers permits, barber/ hairdresser license
Local requirementsBuilding codes etc
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21. Your Business Structure
Choosing a structural status
Own, rent or leasing
Plant and equipment needs
Type of equipments or machine needed to operate business
Describing your inventory
(what you need for the business success, having the right amount
in stock)
Your management structure
Competent mangers and leadership styles
Staffing considerations
(qualified, experience, customer friendly)
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22. Basics of a Business Plan
Business information
your industry
your financial plan
background research
getting started
researching costs and pricing (of
other businesses in the same industry to guide on
how you will price your products)
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23. Writing a Business Plan
Introduction and Overview:
Mission Statement, Objectives, keys to success, products
and services, and Target Customers etc.
The Industry section:
Market Analysis, Target Market, Competitive
Analysis, Strategy & Implementation (Sales & Marketing)
Financials:
Where the business is at present and future projections (cash
flow, profit & loss, balance sheet etc)
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24. Marketing that Works
Your Marketing Plan
advertising campaignsradio (TBC etc), TV, print, internet, word of mouth (friends, family,
drinking partners etc)
public relations campaigns
For public awareness, who are you trying to reach
marketing resourcesbusiness cards, fliers, brochures etc
promotions and publicitySales, customer appreciation day
finding the right strategy for your
business.
What best works for your type of business
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25. Preparing a Budget
Estimating costs and expenses;
Forecasting sales volume;
Seasonality, demands etc
Pricing strategies;
To what goods are being sold for in the market
Making financial projections;
How much will be spent on business v.s. how much will be
made
Performance measures
How is my business performing, evaluate
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26. Financing Your Business
Finding the right financing;
types of financing such as; Should I finance my business myself with my
savings and investments or should I borrow from banks and other lending
institutions in order to avoid undercapitalization.
Savings
Family
Loans
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27. Building a Team
Hiring the right people
Trained, professional, qualified
Internal customer service;
suppliers, distributors and experts
Referrals and recommendations.
When you offer good services your clients can give you referrals or
recommend you to other
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28. Business Connections
Building and maintaining your network
A system of people, businesses or things-to build or maintain a informal
relationship with people
Successful networking
Names, contact information (telephone #, address, email address)
Developing community contacts
People or business in your geographical area
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29. Keeping Business Records
The importance of keeping records;
In the event that you need evidence in a court of law, for claims
bookkeeping basics;
(journals, receipt books etc)
computerized accounting;
( such as quick books offered by our BSC)
record keeping for tax purposes
line item descriptions;
(goods sold cost etc)
income statements
financial statements
( balance sheet, profit & loss statements etc)
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30. Retirement Plan
It is important that we save or invest for
the future while we are still able to work
Gain
financial knowledge
Create an investment portfolio
Save, Save, save!
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