This document provides information to help women transition from the workplace to entrepreneurship. It discusses statistics on women entrepreneurs in the US and common industries they work in. It then outlines a 7-step process for becoming an entrepreneur: 1) finding your passion, 2) identifying problems your passion can solve, 3) researching your industry, 4) developing your competitive advantage, 5) creating products/services, 6) choosing a business structure, and 7) financing your business. The document concludes by listing reasons to become an entrepreneur and resources for starting a business.
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PLEASE HELP spread the word about my Orlando job search. I'm looking to make a permanent move back home to Central Florida. Would welcome any advice or insight that would help with my transition. Connect with me! linkedin.com/in/AngelLRamosMBA | twitter.com/AngelLRamosMBA
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Describe
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Key Success Factors
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#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
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#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
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Business and beauty tour 2015 fayola delica ppt
1. BUSINESS AND BEAUTY: LEARN, LEAD AND LEAVE A
LEGACY WOMEN LEADERSHIP TOUR 2015, DC STOP
TRANSITION FROM WORKPLACE TO
ENTREPRENEURSHIP
By Fayola Delica, BSHSE, BSN, RN
Author/Speaker/Life and Business Coach/Radio Host
Founder/President/CEO of Fayola Delica LLC
Founder of The 360 Evolution Academy
2. Women Entrepreneurs in America
• Independent Contractors and self-employed individuals has grown by 1,000,000 since 2005
• Women make up 38% of workers considering self-employment to be their main source of income
• Women-owned firms account for nearly 30% of ALL new businesses
• Women-owned businesses have led privately held company job growth in America, second only
to publicly traded firms (2007)
Source: Women-Owned Businesses: Carving a New American Business Landscape Report
by Center for Women in Business of The U.S. Chamber of Commerce Foundation, 2014
3. What industries are self-employed
women working in?
77%
29%
3%
3%
4%
29%
Industries self-employed women are
working
Healthcare and social
service
Education
Construction
Mining, oil, gas, etc
Transportation and
warehousing
Other services
Source: Women-Owned Businesses: Carving a New American Business Landscape Report by Center
for Women in Business of The U.S. Chamber of Commerce Foundation, 2014
4. Steps to becoming an entrepreneur
Step 1: Finding Your Passion
Step 2: You are the Solution to a Problem
Step 3: Make sure you know your industry well
Step 4: You are better than the rest, now show it
Step 5: Products and services
Step 6: Business structure
Step 7: Need money to make money
5. Step 1: Finding Your Passion
• Make a list of what you have been said to be good at throughout your life.
• Then choose the one that you have been most complimented on and passionate
about.
6. Step 2: You are the Solution to a
Problem
• Keep in mind from Step 1, whatever characteristics that you have received the most
compliment and truly passionate about. Now think about what problem does or can
address.
• That passion will become a solution, now it can be in the form of improving something
or a new solution to an existing problem.
• To capitalize on this passion, the solution has to be solving a problem that already
exists, making this a need of YOU, the solution!
7. Step 3: Make sure you know your
industry well
• You have to research your industry as well as your solution to the problem you have
identified.
• The more educated you are about the industry, the more you are able to know and
understand how to build your business in that industry, “space.”
• You want to be known as the expert in your industry, so the more you know the more
you are able to present yourself as an expert.
8. Step 4: You are better than the rest,
now show it
• After reaching your industry, now you need to identify how you are going to make
yourself unique in that industry. This is your competitive advantage.
• Your imagination, personality, and innovation is key to building an outstanding
competitive advantage.
YOU ARE IT IN A THAT INDUSTRY!!!!
9. Step 5: Products and/or services
• In going back to Step 3: the more you know about your industry through research, the
more you are able to develop products and/or services that will be appropriate for
your target audience.
• Your products and/or services are your solution. Your solution should be unique with
your special touch.
• How you package your products and/or services is key in being successful in business!
10. Step 6: Business structure
The main sections of a business plan:
I. Executive Summary
II. General Company Description
III. Products and Services
IV. Marketing Plan
V. Operational Plan
VI. Management and Organization
VII. Personal Financial Statement
VII. Startup Expenses and Capitalization:
IX. Financial Plan
11. Step 7: Need money to make money
• Costs to keep in mind in starting a business:
• Start-up costs
• State registration of your business
• Website
• Start-up operational costs
• Materials, Equipment, etc.
• Various types of financing for your business
• Traditional banking loans
• Alternative financing:
• Purchase Order (PO) financing
• Investors
• Business partnerships
12. Why should you become an
entrepreneur?
• Have a passion or hobby that you love and can make money for it
• Freedom
• More financial stability
• Better Work/Life balance
• No issues with unequal pay
• Leave the legacy you would like to leave for your family and/or community
• Contribute to building America’s economy
• Help create more jobs
LIVING LIFE ON YOUR OWN TERMS!!!!
13. Summary
Review of questions to ask yourself as you begin to transition into entrepreneurship
1. What am I passionate about?
2. Whatever you are great at is how can it be a solution to a problem people are facing?
3. How knowledgeable are you about the industry your business will be in?
4. What is my competitive advantage?
5. How am I going to package my product and/or service?
6. How am I going to structure my business? What business structure is appropriate for
what I am doing?
7. How will you finance/fund the business?
14. Resources
US Small Business Administration (SBA), locate your local
office
www.sba.gov
Entities affiliated with SBA
-Women’s Business Center, locate your local office
https://www.sba.gov/tools/local-assistance/wbc
-Online Course for Young Entrepreneurs
http://imedia.sba.gov/vd/media1/training/YoungEntrepreneurs/pl
ayer.html
-Veteran’s Business Outreach Center, locate your local office
https://www.sba.gov/tools/local-assistance/vboc
SCORE, free small business advice; locate your local office
www.score.org
Small Business Development Centers, locate your local office
http://americassbdc.org/
The National Federation of Independent Businesses
www.nfib.com
The Business Journals, locate your local subscriber
www.bizjournals.com
Kauffman FastTrac, various forms of training for new and veteran
entrepreneurs
http://fasttrac.org/
Bplans, access to business plan templates
www.bplans.com
Entrepreneurship for children:
Junior Achievement
www.ja.org
Secret Millionaires Club, Warren Buffett’s Kids Business program
http://www.smckids.com/
15. Contact Info for Fayola Delica
• Website: www.fayoladelica.com
• www.the360evolutionacademy.org
• Email: Fayola@fayoladelica.com
• LinkedIn: Fayola Delica
• Facebook:
• Fayola Delica LLC
• The 360 Evolution Academy
• Finding Your Hidden Treasure
• Twitter: @fayoladelica
• BlogTalkRadio.com: Finding Your Hidden
Treasure
• Books:
• The Ultimate Speaker’s Manual
• The Ultimate Life Coach's Manual