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Introduction to Business 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010.  All Rights Reserved.
Types of Business <ul><li>Services </li></ul><ul><li>Product </li></ul><ul><li>Combination Services and Product </li></ul>...
Types of Business - Service <ul><li>Characteristics </li></ul><ul><ul><li>Labor intensive  </li></ul></ul><ul><ul><li>Low ...
Example : Services <ul><li>Auto Detailing </li></ul><ul><ul><li>Truth: The the more cars you detail, the more money is mad...
Types of Business - Product <ul><li>Characterized by: </li></ul><ul><ul><li>High Upfront Capital investment </li></ul></ul...
Example: Product Business <ul><li>Retail Car Accessories shop </li></ul><ul><ul><li>Large Initial business development inv...
Types of Business - Combination <ul><li>Characterized by: </li></ul><ul><ul><li>Product combined with services </li></ul><...
Example: Combination <ul><li>Car Accessory Shop that offers detailing. </li></ul><ul><ul><li>Maybe start with Auto Detaili...
Types of Businesses - Summary <ul><li>Businesses fall into 3 categories </li></ul><ul><ul><li>Services (Most business star...
What do you see here? 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010.  All Rights Reserved.
I see business opportunities… 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010.  All Rights Reserved. Chimney  S...
What do you see here? 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010.  All Rights Reserved.
I see business opportunities… 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010.  All Rights Reserved. Garage Sto...
Where do I start? <ul><li>Business starts with an idea.  Ideas for business come from looking at: </li></ul><ul><ul><li>Ne...
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Intro to business

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Intro to business

  1. 1. Introduction to Business 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  2. 2. Types of Business <ul><li>Services </li></ul><ul><li>Product </li></ul><ul><li>Combination Services and Product </li></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  3. 3. Types of Business - Service <ul><li>Characteristics </li></ul><ul><ul><li>Labor intensive </li></ul></ul><ul><ul><li>Low capital investment </li></ul></ul><ul><ul><li>Pure entrepreneurialism </li></ul></ul><ul><ul><ul><li>Creating something out of nothing… </li></ul></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  4. 4. Example : Services <ul><li>Auto Detailing </li></ul><ul><ul><li>Truth: The the more cars you detail, the more money is made! (Labor intensive) </li></ul></ul><ul><ul><li>Supplies: A vacuum cleaner, cleaning supplies, car polish, some advertising, maybe a website, business cards (Small relative investment) </li></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  5. 5. Types of Business - Product <ul><li>Characterized by: </li></ul><ul><ul><li>High Upfront Capital investment </li></ul></ul><ul><ul><li>No limit to the money you can make governed only by demand not time. </li></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  6. 6. Example: Product Business <ul><li>Retail Car Accessories shop </li></ul><ul><ul><li>Large Initial business development investment in purchasing inventory, display units, floor space…. </li></ul></ul><ul><ul><li>The more products sold the higher the order quantity, the lower the cost.(Commodity nature) </li></ul></ul><ul><ul><li>To make more money sell more units (Scales well) </li></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  7. 7. Types of Business - Combination <ul><li>Characterized by: </li></ul><ul><ul><li>Product combined with services </li></ul></ul><ul><ul><li>Combination increases profit margin </li></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  8. 8. Example: Combination <ul><li>Car Accessory Shop that offers detailing. </li></ul><ul><ul><li>Maybe start with Auto Detailing business, which allows you to purchase inventory, your detailing customers are a ready made market for accessories. </li></ul></ul><ul><ul><li>Combining accessories, with auto detailing significantly increases profit potential per customer. </li></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  9. 9. Types of Businesses - Summary <ul><li>Businesses fall into 3 categories </li></ul><ul><ul><li>Services (Most business start here…) </li></ul></ul><ul><ul><li>Product ( Most businesses want to be here) </li></ul></ul><ul><ul><li>Highly profitable business end up here: </li></ul></ul><ul><ul><ul><li>Combination Services and Product </li></ul></ul></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  10. 10. What do you see here? 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  11. 11. I see business opportunities… 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved. Chimney Sweep Landscaping Lawn Care Window Cleaning House Painting Tree Trimming Pressure Washing House Cleaning
  12. 12. What do you see here? 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.
  13. 13. I see business opportunities… 07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved. Garage Storage Solutions Car Detailing Car Mechanic Car Accessories Car Speciality (Brakes, Mufflers, Winshield repair etc) Bicycle Repair
  14. 14. Where do I start? <ul><li>Business starts with an idea. Ideas for business come from looking at: </li></ul><ul><ul><li>Needs </li></ul></ul><ul><ul><li>Wants </li></ul></ul><ul><ul><li>Desires </li></ul></ul><ul><li>These are the Foundation of a Business. </li></ul>07/01/10 (c) Expressive Business Strategies,Inc. 2005-2010. All Rights Reserved.

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