Are you ready to have your own business 25 june 2011
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The document summarizes a workshop about starting your own business. It discusses introducing participants and covering key business areas like organization structure, roles and responsibilities, cash flow, and the skills needed to be an entrepreneur. The workshop also focused on habits and behaviors that impact business success, identifying strengths and weaknesses, and making choices to value in life. It concluded by discussing bringing a business to greater heights and giving back to others.
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Are you ready to have your own business 25 june 2011
- 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. THE BEGINNING … off to a great start….
- 5. Who, What, When & How $$$$$ $$ in business & in personal life Attitude & Behavior How it affects you
- 6. BUSINESS SET UP - ORGANIZATION CHART Which ‘hat’ are you wearing ?
- 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
- 12. INFO & INFORMATION SYSTEM ** Ratio analysis
- 13. INFO & INFORMATION SYSTEM ** Ratio analysis
- 16. …… HALF WAY THERE….. … .A FEW MORE ESSENTIAL POINTS TO SHARE ….
- 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!
- 21. WHAT’S MY HABITS AND BEHAVIOR?
- 22. WHAT’S MY HABITS AND BEHAVIOR?
- 23. WHAT’S MY HABITS AND BEHAVIOR?
- 24. WHAT’S MY HABITS AND BEHAVIOR?
- 25. WHAT’S MY HABITS AND BEHAVIOR?
- 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 !!
- 27. … .my Story & my Emotions...
- 28. … .what I’m currently doing...
- 29. … . a taste of success ! … … What’s next.... … come up with something totally new ?.... … not really, just an enhanced version….
- 30. BRINGING YOUR BUSINESS TO GREATER HEIGHTS….
- 31. … MAKE YOUR MONEY WORK HARDER FOR YOU….
- 32. Last ……but not least ... … give to those who need, when you can do so…
Editor's Notes
- KEY AREAS TO BE COVERED Business – who, what, when, where and how Money – Money in the business and money in your personal life Mental – attitude and character Emotions – how it affects you You – your habit patterns
- Identify the roles and responsibilities and pitch to the CEO/MD why you deserve an increment/bonus
- EXAMPLE : SALES INFO – WHO, HOW MUCH DEBTORS INFO – WHO’S YOUR MAJOR CLIENTS, COLLECTION TREND – DETERMINING CREDIT TERMS CASH FLOW – COLLECTION, SUPPLIER PAYMENT USE EXCEL/WORD/AUTOMATION/ ACCOUNTING SOFTWARE
- EXAMPLE : SALES INFO – WHO, HOW MUCH DEBTORS INFO – WHO’S YOUR MAJOR CLIENTS, COLLECTION TREND – DETERMINING CREDIT TERMS jUS CASH FLOW – COLLECTION, SUPPLIER PAYMENT USE EXCEL/WORD/AUTOMATION/ ACCOUNTING SOFTWARE
- ENTREPRENUER – PROFILE – MENTAL AND CHARACTER
- Increase income – increase skills, knowledge and effort Reduce debt - eliminate interest payment Wise spending – buy now, buy when new or during sale All the above increase savings Next to invest – have a plan how, where, when and what to invest in
- Increase income – increase skills, knowledge and effort Reduce debt - eliminate interest payment Wise spending – buy now, buy when new or during sale All the above increase savings Next to invest – have a plan how, where, when and what to invest in
- Increase income – increase skills, knowledge and effort Reduce debt - eliminate interest payment Wise spending – buy now, buy when new or during sale All the above increase savings Next to invest – have a plan how, where, when and what to invest in
- Increase income – increase skills, knowledge and effort Reduce debt - eliminate interest payment Wise spending – buy now, buy when new or during sale All the above increase savings Next to invest – have a plan how, where, when and what to invest in
- Increase income – increase skills, knowledge and effort Reduce debt - eliminate interest payment Wise spending – buy now, buy when new or during sale All the above increase savings Next to invest – have a plan how, where, when and what to invest in