so you want to be an entrepreneur?

12
SO YOU WANT TO BE AN ENTREPRENEUR? Nicole Newman March 14, 2014

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Do you take the vision, passion, discipline and focus to be an entrepreneur?

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Page 1: So you want to be an Entrepreneur?

SO YOU WANT TO BE AN

ENTREPRENEUR?

Nicole Newman

March 14, 2014

Page 2: So you want to be an Entrepreneur?

DO YOU HAVE WHAT IT TAKES? There is no 4-hour or 40-hour

workweek.  Focus.  Know yourself.  How to influence others. How business works.  BS when you hear it.  There’s no reward without risk.

Page 3: So you want to be an Entrepreneur?

AGENDA Nicole Newman, Bio Vision Goals Accountability Plan Build the Foundation Minority Business Issues Next steps

Page 4: So you want to be an Entrepreneur?

NICOLE NEWMAN

Born in Washington DC Graduate of HS of Engineering & Science MBA, University of Maryland 15 years in Corporate America 7 years in business at Newman Networks Embraced Islam April 2010

Connie Grier said “She is always one step

ahead of the "expected" and formulates the

"inspired". She takes the time to explain

everything, and always turns the query back to

YOU and YOUR business. She is a wealth of knowledge, a sharp and strategic planner, and a coach that coaches respectfully!

Page 5: So you want to be an Entrepreneur?

VISIONYour business can only grow as big as your vision

Page 6: So you want to be an Entrepreneur?

GOALS Business is a three legged stool

consisting of the Product, Marketing, Financing

Page 7: So you want to be an Entrepreneur?

GOALS PART 2 What is the annual revenue goal? What is the profit margin on the sales? What is the Exit Strategy? Define the Marketing Strategy Define the Financing Strategy

Loans/Lines of CreditEquity PositionsAngel investors

J. Paul Getty “I would rather earn 1% of other peoples money than 100% of my own effort”

Page 8: So you want to be an Entrepreneur?

ACCOUNTABILITY

Your are your own boss Who what holds you accountable?

ReligionFamilyFriendsMentors/CoachesBooks

Getting to Yes The E-Myth Revisited b Michael Gerber The tipping point by Malcolm Gladwell

Page 9: So you want to be an Entrepreneur?

PLAN

Business is Overwhelming

Page 10: So you want to be an Entrepreneur?

THE FOUNDATION Legal Structure

LLCS CorporationC Corporation

Accounting SystemQuickbooksFreshbooksOutright

Product/ServiceProduct, PlacementPositioning, Price

Page 11: So you want to be an Entrepreneur?

MINORITY BUSINESS ISSUES

Lack of Vision Self-Esteem

Handle rejectionLack of Cooperation Lack of Support

Use Our StrengthTreatment of EmployeesTreatment of Women

Page 12: So you want to be an Entrepreneur?

NEXT STEPS Vision Board Workshop on March 31st,

2014 at PA State System of Higher Education Center City

Calling All Female Entrepreneurs Cohort 4 begins on April 14th, 2014

Linkedin 102 “I have a profile, now what” workshop on April 28th, 2014

Ready, Set, Grow seminar and training at The Enterprise Center on April 30th, 2014

RSVP: http://newmannetworks.eventbrite.com