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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 1 Starting your own Business October 28, 2011 Skip Shuda

Starting your own business: 3 trends, 3 tools, 3 mindsets

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Skip Shuda's 3-3-3 plan for starting your own business. Presented to NJ Chapter of GPSEG on Oct. 28, 2011

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Page 1: Starting your own business: 3 trends, 3 tools, 3 mindsets

Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 1

Starting your own Business

October 28, 2011

Skip Shuda

Page 2: Starting your own business: 3 trends, 3 tools, 3 mindsets

Philly

Mark

etin

g L

abs

Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 2

Skip’s 3-3-3 Plan

Page 3: Starting your own business: 3 trends, 3 tools, 3 mindsets

Philly

Mark

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 3

Trend 1 – Changing Nature of Business

Structured, quarterly profit focused

corporation

vs.

Organic, nimble craft circles

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 4

Trend 2 - The 30 year old MBA

… smart, effective, "experienced", inexpensive is

displacing GPSEG membership

Uncertainty with long-term executive careers…

-the absence of loyalty

-the move to outsourcing & off-shoring

-increased use of consultants

Do you see any of this in your world?

Page 5: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 5

Trend 3: Rapidly Changing Technology & Opportunity

1. Globality

2. Mobile

3. User Interface

4. Commerce

5. Advertising

6. Content Creation

7. Technology/Mobile Leadership

8. Mega-Trend of 21st Century: Empowerment of People through Mobile

Connected Devices

9. Authentic Identity

10. Uncertain Economy

Source: Top Internet Trends, Mary Meeker, KPCB, Web 2.0 Conference 2011

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 6

Wharton SBDC Helping Businesses Start,

Grow, and Prosper

An accredited affiliate of the national

network of Small Business Development

Centers

6

Tool #1: Find Your

Sweet Spot

References:

www.cheaprevolution.com

www.jimcollins.com

PASSION DNA

ECONOMIC

DRIVERS

SWEET

SPOT

LIFTING HEAVY

OBJECTS

WORKING W/

HORSES

SUPERVISING

EMPLOYEES

STRATEGY

AIKIDO

DIGITAL

MARKETING

AUDIO

LEARNER

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 7

The Agile Business Plan

What it is The

Problem

The

Solution Business

Model

Underlying

Magic

Marketing

&

Sales

Competitors The

Team Projections

Status

Timeline

Momentum

Page 8: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 8

Client Perspective Walkaround

Motivations,

Why I do it,

What I desire,

My drivers

Demographics,

Credentials,

Positions/Titles,

Skills

What is our tribal culture?

Where we hang-out:

organizations, associations, social media

Why:

Motivation

Drivers

What:

demographics

Hangouts:

organizations

associations

Culture:

describe

Their tribe

Page 9: Starting your own business: 3 trends, 3 tools, 3 mindsets

Philly

Mark

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 9

Example: “Business CIO” Persona

Why:

Motivation

Drivers

What:

demographics

Hangouts:

organizations

associations

Culture:

describe

Their tribe

Business Performance,

Efficiency, Attunement with Latest

Trends

Business-technical

Strategy, ROI, budget, on-time, track

record, price

Conferences, Executive

Groups, CIO Forums, LinkedIn,

Plaxo

Business background, Performance oriented, like

“vendor-managers”

Page 10: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 10

Mindsets 1: Agility

Page 11: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 11

… and Dynamic Steering

Reference:

www.holacracy.org

Page 12: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 12

Mindset 2: Resilience…

Page 13: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 13

… and Persistence

Page 14: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 14

Mindset 3: The Paradox of Focus…

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 15

… vs Diversity through a Portfolio of Income Streams

Redefining the multi-income family and cash-flow in retirement

Page 16: Starting your own business: 3 trends, 3 tools, 3 mindsets

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Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 16

Resource Reference

SBDC – mechanics & tools whartonsbdc.wharton.upenn.edu/

Google insights – trends www.google.com/insights/search/#

Holacracy – agile governance www.holacracy.org

Role Based Assessement – team

building

www.thegabrielinstitute.com

CheapRevolution – advice for startups www.cheaprevolution.com

CheapRevolution Bookstore astore.amazon.com/wwwdestinycom-20

Trends – entrepreneur.com www.entrepreneur.com/article/217508

Page 17: Starting your own business: 3 trends, 3 tools, 3 mindsets

Copyright © 2010 Philly Marketing Labs. All Rights Reserved. 17

Starting your own Business

October 28, 2011

Skip Shuda

610-662-6158

[email protected]

www.PhillyMarketingLabs.com

www.CheapRevolution.com