working alone together: a path to entrepreneurship
TRANSCRIPT
Working Alone Together: A Path to Entrepreneurship
Presented by
Lynn McLaughlin & Michelle Uetz
2
Land Acknowledgement
Michelle’s Story
Lynn’s Story
The Logistical Piece• What is the best type of business for
you – LLC, Sole Proprietorship, Social Enterprise, Cooperative, etc.?
• What professional services will you require – financial, legal, insurance, marketing, etc.?
• What services will you offer?
• What pricing structure will you use?
• Will you gradually work into your business or take a giant leap?
• Who could you look to as a mentor?
• Do you have a name for your organization?
The Emotional Piece• What fears come up? What would need to
be in place to help relieve them?
• What supports do you have in place to lean on when feelings of insecurity arise?
• How will you work through rejection when a project is turned down?
• Network, network, network
• Hold the mindset “Take the Shot – Always”
• Be clear on what you are providing
• Are you comfortable saying “No” to the opportunities that don’t align with who you are?
• Are you comfortable reaching out when it feels like you are alone in your work?
It’s Time for a Break-Out
Discuss with your break-out group the following questions:
• What would need to be in place for you to begin the path to entrepreneurship?
• What supports do you have in place to lean on once you begin your journey?
• What emotions show up when you think about becoming your own boss?
The Financial Piece• Do you need to continue with your
current job?
• What about health insurance?
• How will you pay your income taxes?
• Do you have capital to get started?
• Creating a business
• Liability Insurance
• Where and when will you open a business account?
• Where will you get commercial general liability insurance and where will you get professional liability insurance?
• Do you have an accountant? A bookkeeper? Do you need them?
What Questions Do You Have?
• If this is new to you, of course you
will have questions. “You don’t
know what you don’t know.”
• There are no “dumb” questions.
• No need to apologize.
• We may not have the answer, feel
free to follow up with an email.
Resources
• Wisconsin Department of Revenue https://www.revenue.wi.gov/Pages/Businesses/New-Business-home.aspx
• “Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers” by Alexander Osterwalder and Yves Pigneur
• Business Entity Search https://www.wdfi.org/apps/CorpSearch/Search.aspx
• Wisconsin Small Business Development Center https://wisconsinsbdc.org/
Contact Us
Michelle Uetz:
715-505-5342
https://rockyhillco.com/
Facebook: rockyhillpps
LinkedIn: michelleuetz
Lynn McLaughlin:
920-810-7479
https://dandalliance.com/
Facebook: https://www.facebook.com/IMDandAlliance/
LinkedIn: https://www.linkedin.com/in/lynn-mclaughlin-
91122233/