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YB Consulting 919.627.7742 www.ybconsulting.net Using Your Talent & Abilities to Create A New Life EXPLOIT YOUR PASSIO...
Agenda     Entrepreneurship - Why? Benefits & Rewards Risks & Mitigation Basic steps for start-up       Your ...
Entrepreneurship - Why?        Flexibility Currently possess necessary skills Changing economy Income potential Wh...
Benefits & Rewards Benefits  Freedom  Invest in you  Tax deduction YB Consulting 919.627.7742 Rewards  Wealth creat...
Risks & Mitigation  Choose nonviable business     Financial     Research, research, research Speak to those ...
Basic steps for start-up  Understand your life mission  List your talents, abilities & interests  Research potenti...
Your Passion  Services     Web Development Independent Contracting Training Products     Consulting Planner...
Financing  Equity       Savings Investments from family, friends Partnership Angel investors Venture Capital D...
Financing Qualifiers      Cash Flow/Capacity Capital Collateral Conditions Character  Credit YB Consulting 919.62...
Things to Ponder    Change to Information/Knowledge Society Globalization Value of diversity   Supplier diversity ...
Resources         What Color is Your Parachute? (Richard Bolles) How to Succeed as an Independent Consultant ...
Resources  Business Plan Creation   Financial Planning    IRS CPA, Lawyer referred by colleagues Minority Cert...
Resources  NC Minority Business Development Center      Business Consultation Financial Analysis Loan Packaging P...
Next Steps       Consider information presented Seek out resources Ask questions Take your time, but… Just do it! C...
Contact Info Yolanda Brown YB Consulting Web: www.ybconsulting.net Phone: 919.627.7742 Email: ybconsulting@gmail.com YB C...
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Exploit your passion

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Using your talents and abilities to create a new income stream and start a business. Become an entrepreneur and create a new life.

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Exploit your passion

  1. 1. YB Consulting 919.627.7742 www.ybconsulting.net Using Your Talent & Abilities to Create A New Life EXPLOIT YOUR PASSION YB Consulting 919.627.7742 www.ybconsulting.net
  2. 2. Agenda     Entrepreneurship - Why? Benefits & Rewards Risks & Mitigation Basic steps for start-up       Your Passion (Business Ideas) Financing Things to Ponder Call to Action Resources Next Steps YB Consulting 919.627.7742 www.ybconsulting.net
  3. 3. Entrepreneurship - Why?        Flexibility Currently possess necessary skills Changing economy Income potential Why not work hard for yourself? Create a legacy Only live once YB Consulting 919.627.7742 www.ybconsulting.net
  4. 4. Benefits & Rewards Benefits  Freedom  Invest in you  Tax deduction YB Consulting 919.627.7742 Rewards  Wealth creation  Job creation  Take charge of your time  Economic contribution www.ybconsulting.net
  5. 5. Risks & Mitigation  Choose nonviable business     Financial     Research, research, research Speak to those already in business Utilize resources Have at least 6 months expenses in savings Second form of income Keep job until business established Lost time in corporate   Nurture network and new contacts Invite respected leaders to advisory board YB Consulting 919.627.7742 www.ybconsulting.net
  6. 6. Basic steps for start-up  Understand your life mission  List your talents, abilities & interests  Research potential businesses & industries  Develop a business plan  Choose  Business structure  Partners (internal and external)  Financing  Advisory Board YB Consulting 919.627.7742 www.ybconsulting.net
  7. 7. Your Passion  Services     Web Development Independent Contracting Training Products     Consulting Planner Real Estate Patents Wholesale distribution Retail Write a Book   Speaking circuit Become industry expert YB Consulting 919.627.7742 www.ybconsulting.net
  8. 8. Financing  Equity       Savings Investments from family, friends Partnership Angel investors Venture Capital Debt     Loan from family, friends Revolving debt Commercial loan SBA      YB Consulting 919.627.7742 Community Express 7(a) Pre-qualification Microloans Specialized Programs www.ybconsulting.net
  9. 9. Financing Qualifiers      Cash Flow/Capacity Capital Collateral Conditions Character  Credit YB Consulting 919.627.7742 www.ybconsulting.net
  10. 10. Things to Ponder    Change to Information/Knowledge Society Globalization Value of diversity   Supplier diversity programs U.S. African-American Entrepreneurship    One of fastest growing segments NC is eighth in number of African-American businesses Still only 6% of business ownership YB Consulting 919.627.7742 www.ybconsulting.net
  11. 11. Resources         What Color is Your Parachute? (Richard Bolles) How to Succeed as an Independent Consultant (Herman Holtz, David Zahn) The Startup Company Bible for Entrepreneurs (Michael Stathis) 101 Best Businesses To Start (The Phillip Lief Group and Russell Roberts) Minority Business Development Agency www.mbda.gov www.Entrepreneur.com Fast Company Black Enterprise YB Consulting 919.627.7742 www.ybconsulting.net
  12. 12. Resources  Business Plan Creation   Financial Planning    IRS CPA, Lawyer referred by colleagues Minority Certification     SCORE SBA – 8(a) WBENC Government HUB/MWBE Courses  Small Business Centers – Durham & Wake Tech YB Consulting 919.627.7742 www.ybconsulting.net
  13. 13. Resources  NC Minority Business Development Center      Business Consultation Financial Analysis Loan Packaging Procurement Assistance Small Business Technology Development Center     Management Counseling & Education Export Financing Marine Trades Technology Commercialization YB Consulting 919.627.7742 www.ybconsulting.net
  14. 14. Next Steps       Consider information presented Seek out resources Ask questions Take your time, but… Just do it! Contact us YB Consulting 919.627.7742 www.ybconsulting.net
  15. 15. Contact Info Yolanda Brown YB Consulting Web: www.ybconsulting.net Phone: 919.627.7742 Email: ybconsulting@gmail.com YB Consulting 919.627.7742 www.ybconsulting.net

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