so you want to be an entrepreneur?
DESCRIPTION
Do you take the vision, passion, discipline and focus to be an entrepreneur?TRANSCRIPT
SO YOU WANT TO BE AN
ENTREPRENEUR?
Nicole Newman
March 14, 2014
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.
AGENDA Nicole Newman, Bio Vision Goals Accountability Plan Build the Foundation Minority Business Issues Next steps
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!
VISIONYour business can only grow as big as your vision
GOALS Business is a three legged stool
consisting of the Product, Marketing, Financing
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”
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
PLAN
Business is Overwhelming
THE FOUNDATION Legal Structure
LLCS CorporationC Corporation
Accounting SystemQuickbooksFreshbooksOutright
Product/ServiceProduct, PlacementPositioning, Price
MINORITY BUSINESS ISSUES
Lack of Vision Self-Esteem
Handle rejectionLack of Cooperation Lack of Support
Use Our StrengthTreatment of EmployeesTreatment of Women
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