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Explore 4 ways to be Self Employed - The Benefits and the Challenges that appy to each one and how to assess if you are a good candidate for Self-Employment. Are you up for the Challenge?
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What is Your Future Vehicle for Career Success ?
Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
What is Your Vehicle for Career Success ?Assessing the potential of 4 different self-employment options
Robert Glenister * The Entrepreneur’s Source * Phone: (408) 689-2545 * Email: [email protected]
A world of choice and confusion
4 Options
StartupConsultantStart your own Small BusinessFranchise / Licensed Business
What Color is Your Parachute
* What Color is your Parachute – Richard Bolles (Ten Speed Press)
A – B = C
A – B = C *Skills and Skills and Skills andKnowledge Knowledge KnowledgeNeeded to which I already needed, whichRun this kind have I have to learnOf business or get
someoneSuccessfully to volunteer
or hire to do this role
* What Color is your Parachute – Richard Bolles (Ten Speed Press)
4 Options
StartupConsultantStart your own Small BusinessFranchise / Licensed Business
4 Options
StartupConsultantStart your own Small BusinessFranchise / Licensed Business
4 Options
StartupConsultantStart your own Small BusinessFranchise / Licensed Business
4 Options
StartupConsultantStart your own Small BusinessFranchise / Licensed Business
Startup Inc.!
1. Think of a big idea2. File a provisional patent – use a patent lawyer3. Write a Business Plan: Keep it to 15 pages or less. Executive Summary -- This is your elevator pitch.
Investor Relations -- How much money you want and what you're going to do with it.
Description of Business -- Explain the goods or services you are going to sellSustainable Competitive Advantage -- Your unfair advantage.Competition -- Explain the other offerings in the marketplace and why yours is
better.SWOT Chart -- Strengths, weaknesses, opportunities, and threats.Timeline -- What you are going to do and when.Financials – Your projections of costs, profits and margins
4. Use the Business Plan to obtain funding from venture capitalists5. Build the product6. Market the Product7. If successful you can take your business to IPO on the Stock Exchange
To learn more, go to: http://en.wikipedia.org/wiki/Startup_company
From Idea to IPO in 7 steps !
Startup Inc.!
1. Think of a big idea2. File a provisional patent – use a patent lawyer3. Write a Business Plan: Keep it to 15 pages or less. Executive Summary -- This is your elevator pitch.
Investor Relations -- How much money you want and what you're going to do with it.
Description of Business -- Explain the goods or services you are going to sellSustainable Competitive Advantage -- Your unfair advantage.Competition -- Explain the other offerings in the marketplace and why yours is
better.SWOT Chart -- Strengths, weaknesses, opportunities, and threats.Timeline -- What you are going to do and when.Financials – Your projections of costs, profits and margins
4. Use the Business Plan to obtain funding from venture capitalists5. Build the product6. Market the Product7. If successful you can take your business to IPO on the Stock Exchange
To learn more, go to: http://en.wikipedia.org/wiki/Startup_company
From Idea to IPO in 7 steps !
Startup Inc.!
1. Think of a big idea2. File a provisional patent – use a patent lawyer3. Write a Business Plan: Keep it to 15 pages or less. Executive Summary -- This is your elevator pitch.
Investor Relations -- How much money you want and what you're going to do with it.
Description of Business -- Explain the goods or services you are going to sellSustainable Competitive Advantage -- Your unfair advantage.Competition -- Explain the other offerings in the marketplace and why yours is
better.SWOT Chart -- Strengths, weaknesses, opportunities, and threats.Timeline -- What you are going to do and when.Financials – Your projections of costs, profits and margins
4. Use the Business Plan to obtain funding from venture capitalists5. Build the product6. Market the Product7. If successful you can take your business to IPO on the Stock Exchange
To learn more, go to: http://en.wikipedia.org/wiki/Startup_company
From Idea to IPO in 7 steps !
Startup Inc.!
1. Think of a big idea2. File a provisional patent – use a patent lawyer3. Write a Business Plan: Keep it to 15 pages or less. Executive Summary -- This is your elevator pitch.
Investor Relations -- How much money you want and what you're going to do with it.
Description of Business -- Explain the goods or services you are going to sellSustainable Competitive Advantage -- Your unfair advantage.Competition -- Explain the other offerings in the marketplace and why yours is
better.SWOT Chart -- Strengths, weaknesses, opportunities, and threats.Timeline -- What you are going to do and when.Financials – Your projections of costs, profits and margins
4. Use the Business Plan to obtain funding from venture capitalists
5. Build the product6. Market the Product7. If successful you can take your business to IPO on the Stock Exchange
To learn more, go to: http://en.wikipedia.org/wiki/Startup_company
From Idea to IPO in 7 steps !
Startup Inc.!
1. Think of a big idea2. File a provisional patent – use a patent lawyer3. Write a Business Plan: Keep it to 15 pages or less. Executive Summary -- This is your elevator pitch.
Investor Relations -- How much money you want and what you're going to do with it.
Description of Business -- Explain the goods or services you are going to sellSustainable Competitive Advantage -- Your unfair advantage.Competition -- Explain the other offerings in the marketplace and why yours is
better.SWOT Chart -- Strengths, weaknesses, opportunities, and threats.Timeline -- What you are going to do and when.Financials – Your projections of costs, profits and margins
4. Use the Business Plan to obtain funding from venture capitalists5. Build the product6. Market the Product7. If successful you can take your business to IPO on the Stock
ExchangeTo learn more, go to: http://en.wikipedia.org/wiki/Startup_company
From Idea to IPO in 7 steps !
Consultant
Benefits of being an independent consultant:
• Low startup costs• No employees to manage• You set your own schedule• Each day is different• Can produce a good income
Challenges of being a consultant :
• Variable Demand• Cash Flow• Recognition• Marketing / Promotion• Marketing while working• Working Alone• Business Skills• Technical Skills• Customer Service Skills• Job Security?• Pricing• Administration
To learn more, go to: http://en.wikipedia.org/wiki/Consultant
Consultant
Benefits of being an independent consultant:
• Low startup costs• No employees to manage• You set your own schedule• Each day is different• Can produce a good income
Challenges of being a consultant :
• Variable Demand• Cash Flow• Recognition• Marketing / Promotion• Marketing while working• Working Alone• Business Skills• Technical Skills• Customer Service Skills• Job Security?• Pricing• Administration
To learn more, go to: http://en.wikipedia.org/wiki/Consultant
Consultant
Benefits of being an independent consultant:
• Low startup costs• No employees to manage• You set your own schedule• Each day is different• Can produce a good income
Challenges of being a consultant :
• Variable Demand• Cash Flow• Recognition• Marketing / Promotion• Marketing while working• Working Alone• Business Skills• Technical Skills• Customer Service Skills• Job Security?• Pricing• Administration
To learn more, go to: http://en.wikipedia.org/wiki/Consultant
Consultant
Benefits of being an independent consultant:
• Low startup costs• No employees to manage• You set your own schedule• Each day is different• Can produce a good income
Challenges of being a consultant :
• Variable Demand• Cash Flow• Recognition• Marketing / Promotion• Marketing while working• Working Alone• Business Skills• Technical Skills• Customer Service Skills• Job Security?• Pricing• Administration
To learn more, go to: http://en.wikipedia.org/wiki/Consultant
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Start your own Small Business
Benefits:• Do what you love• You are the boss !• Build an Empire• No Pay ceiling• Involve family members• Build equity• Sell at a Profit
Challenges of being a Small Business Owner:• Cash Flow• No pricing advantage over larger competition• Fluctuating market conditions• Understanding your local niche market• How to Market and Promote yourself• Dealing with late paymentsDO YOUR MARKET ANALYSIS CAREFULLY AND THOROUGHLY !
To learn more, go to: http://en.wikipedia.org/wiki/Small_business
Skills and Abilities:• The know-how to manage and operate a business• The ability to create and execute a plan• Money and Financial expertise• Desire to go it alone• Ability to take risks
Why Do Independent Businesses Fail?
* The E-Myth Revisited – Michael E. Gerber (Harper Business)
Lack of FundsIneffective MarketingInadequate Business PlanPoor ExecutionPoor Customer ServiceFailure to change with the timesBad LocationPartnerships that go sour
Why Do Independent Businesses Fail?
* The E-Myth Revisited – Michael E. Gerber (Harper Business)
Lack of FundsIneffective MarketingInadequate Business PlanPoor ExecutionPoor Customer ServiceFailure to change with the timesBad LocationPartnerships that go sour
Why Do Independent Businesses Fail?
* The E-Myth Revisited – Michael E. Gerber (Harper Business)
Lack of FundsIneffective MarketingInadequate Business PlanPoor ExecutionPoor Customer ServiceFailure to change with the timesBad LocationPartnerships that go sour
Why Do Independent Businesses Fail?
* The E-Myth Revisited – Michael E. Gerber (Harper Business)
Lack of FundsIneffective MarketingInadequate Business PlanPoor ExecutionPoor Customer ServiceFailure to change with the timesBad LocationPartnerships that go sour
Why Do Independent Businesses Fail?
The E Myth Revisited By Michael E. Gerber.
Fatal assumption #1: Doing what you know, love and enjoy will bring success.
Fatal assumption #2: By working hard in the business I will be successful
Fatal problem: By working ‘in’ the business instead of ‘on’ the business you in essence buy yourself a job and you run out of the time & energy needed to do the most important work of an owner- marketing, promoting, managing and administering the business.
* The E-Myth Revisited – Michael E. Gerber (Harper Business)
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
E-Myth Business Concepts
ILWE• Income• Lifestyle• Wealth• Equity
7 Centers of Management Attention
A video based on Michael Gerber’s E-Myth system can be viewed here here
Vision for theBusiness
The Solution
According to Michael Gerber:The business of running any business is to
have well defined systems and procedures for everything
• Strategy• Staffing• Operations Manuals• Marketing Strategy• Key Performance Indicators• Unique Selling Proposition and Guarantee• Leadership Development• Pricing and Invoicing• Lead Generation Program• Lead Conversion Strategy…
A video based on Michael Gerber’s E-Myth system can be viewed here here
What is the Franchise “Key to Success”?
Already successful
Systemized business operations
Transfer of knowledge and best practices between franchisor and franchisees
Team approach to running a business
What is the Franchise “Key to Success”?
Already successful
Systemized business operations
Transfer of knowledge and best practices between franchisor and franchisees
Team approach to running a business
What is the Franchise “Key to Success”?
Already successful
Systemized business operations
Transfer of knowledge and best practices between franchisor and franchisees
Team approach to running a business
What is the Franchise “Key to Success”?
Already successful
Systemized business operations
Transfer of knowledge and best practices between franchisor and franchisees
Team approach to running a business
What is the Franchise “Key to Success”?
Already successful
Systemized business operations
Transfer of knowledge and best practices between franchisor and franchisees
Team approach to running a business
Franchising
A Proven Revenue Stream and Brand Name Exclusive territory In depth training plus on-going 1-2-1 coaching (weekly) Your first 90 Days (varies) Action Plan to Jumpstart your business Help to enable you develop and execute your business plan Leads generated from national web site, 1-800# and
possibly national contracts On-going Marketing tools and analysis Virtual Office – Providing all your back-office needs Email and phone support Assistance with licensing requirements Camera ready artwork Pre-start marketing program Your own web site Assessment Tools Operating Manuals
The Elements of a successful Franchise:
Franchising
A Proven Revenue Stream and Brand Name Exclusive territory In depth training plus on-going 1-2-1 coaching (weekly) Your first 90 Days (varies) Action Plan to Jumpstart your business Help to enable you develop and execute your business plan Leads generated from national web site, 1-800# and
possibly national contracts On-going Marketing tools and analysis Virtual Office – Providing all your back-office needs Email and phone support Assistance with licensing requirements Camera ready artwork Pre-start marketing program Your own web site Assessment Tools Operating Manuals
The Elements of a successful Franchise:
Franchising
A Proven Revenue Stream and Brand Name Exclusive territory In depth training plus on-going 1-2-1 coaching (weekly) Your first 90 Days (varies) Action Plan to Jumpstart your business Help to enable you develop and execute your business plan Leads generated from national web site, 1-800# and
possibly national contracts On-going Marketing tools and analysis Virtual Office – Providing all your back-office needs Email and phone support Assistance with licensing requirements Camera ready artwork Pre-start marketing program Your own web site Assessment Tools Operating Manuals
The Elements of a successful Franchise:
Franchising
A Proven Revenue Stream and Brand Name Exclusive territory In depth training plus on-going 1-2-1 coaching (weekly) Your first 90 Days (varies) Action Plan to Jumpstart your business Help to enable you develop and execute your business plan Leads generated from national web site, 1-800# and
possibly national contracts On-going Marketing tools and analysis Virtual Office – Providing all your back-office needs Email and phone support Assistance with licensing requirements Camera ready artwork Pre-start marketing program Your own web site Assessment Tools Operating Manuals
The Elements of a successful Franchise:
Your Guide to the Right Franchise
Discover the ideal Franchise Match that will meet your goals, needs and expectations
We eliminate the guess work!• Decide if owning a franchise is right for you. • Find franchises compatible with your interests, skills & budget. • Communicate with franchisors throughout the negotiation process. • Determine how many total units a franchise has • What the average income was for each franchise • What factors will increase your chance for success • How much profit you could make per year
We will help you discover new business ideas and the best franchises for you, at no obligation to you.
Click here to be taken to Franchise Match
Robert Glenister – The Entrepreneur’s Source – Phone: (408) 689-2545 - Email: [email protected]
Your Guide to the Right Franchise
Discover the ideal Franchise Match that will meet your goals, needs and expectations
We eliminate the guess work!• Decide if owning a franchise is right for you. • Find franchises compatible with your interests, skills & budget. • Communicate with franchisors throughout the negotiation process. • Determine how many total units a franchise has • What the average income was for each franchise • What factors will increase your chance for success • How much profit you could make per year
We will help you discover new business ideas and the best franchises for you, at no obligation to you.
Click here to be taken to Franchise Match
Robert Glenister – The Entrepreneur’s Source – Phone: (408) 689-2545 - Email: [email protected]
4 Self Employment Options
Click here to be taken to Startups (Wikipedia)
Click here to be taken to Consultants (Wikipedia)
Click here to be taken to buying a business (Wikipedia)
Click here to be taken to Franchise Match
Robert Glenister – The Entrepreneur’s Source – Phone: (408) 689-2545 - Email: [email protected]
