Upload
miguel-graham
View
210
Download
2
Embed Size (px)
Citation preview
(c) Miguel Graham 2013 - All rights reserved - [email protected]
1
BIRTHING YOUR BUSINESS
Entrepreneurial Empowerment Seminar
October 20, 2013
Miguel Graham, Empowerment CoachEmail: [email protected]: 876-471-2067
Rock of Hope, International Ministries 30th Anniversary Convention
(c) Miguel Graham 2013 - All rights reserved - [email protected]
2
Success comes when you change wishing into doing!
(c) Miguel Graham 2013 - All rights reserved - [email protected]
3
Success is a decision… followed by massive actions-Alvin Day
(c) Miguel Graham 2013 - All rights reserved - [email protected]
4
Are their dreams and purpose inside of you that will be taken to the grave because you lack the ability to take action and discipline?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
5
To be successful in achieving your purpose/ dream you will need:CommitmentAccountabilityfollow-through
If you do not have the discipline to do it get the services of an empowerment coach.
(c) Miguel Graham 2013 - All rights reserved - [email protected]
6
You must BelieveBelieve Like LeadersBehave Like LeadersBecome Great LeadersBuild The Business as Leaders
(c) Miguel Graham 2013 - All rights reserved - [email protected]
7
You must first discover your purpose or dream then believe it.
Because you are as strong as your belief system.
What God says is for you, it is for you.
You cannot write the plan you just fit in it and watch God work. Like a potter molds the clay.
(c) Miguel Graham 2013 - All rights reserved - [email protected]
8
Who Am I, Why Am I Here and Where Am I Going?
Have you ever asked yourself these questions?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
9
Connection with purpose will bring conception
Am I feeling contracts?Do I have fire in my belly?Which stage are you?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
10
What is inside of you?
What purpose, passion or dreams did God wire you with?How do you discover it?When your find your purpose what's next?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
11
Talk to your selfAsk yourself:What gifts and talents are
naturally in me?What skill am I competent in?What is my temperament?What are my strength and
weaknesses?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
12
What do you need for each phase of Birthing?ConceptionContracts of Labour signsPushing stageNew bornEarly daysHealth GrowthMatureSuccession
(c) Miguel Graham 2013 - All rights reserved - [email protected]
14
What did you give birth to?
Baby or Dwarf?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
15
OpportunitiesWhat opportunities exist in a bad
economy?
(c) Miguel Graham 2013 - All rights reserved - [email protected]
16
BUSINESS DEVELOPMENT
The Techniques and Skills needed to effectively and efficiently operate your business
(c) Miguel Graham 2013 - All rights reserved - [email protected]
17
Choosing Your Business
Types of businesses What are you good at (skills & talents), what is in demand that will sell
Legal pointsFind out the legal ways of operating the business you are getting into.
For e.g. the parish laws; KSAC etc
18
Keys to Success Identifying your mission“A mission describes the organization's basic function in society, in terms of
the products and services it produces for its customers”.
Creating a Mission StatementA mission statement is a short written statement for the purpose of a
company or organization .Ideally, a mission statement guides the
actions of the organization
Setting measurable goals(being realistic in projections for e.g. buying $50,000 goods and
projecting sales for $1,000,000)
Stages of growth. Have plans put in place for future growth such as; financial, employees,
products etc (c) Miguel Graham 2013 - All rights reserved - [email protected]
(c) Miguel Graham 2013 - All rights reserved - [email protected]
19
Market Research
The benefits of market testing To test multiple marketing scenarios and select the most
promising for expansion. Every dollar you spend in market testing will save you many dollars of losses later on in the marketing process.
finding your target market (who are you selling to or providing service for)
adjusting to market changes (the demand increases or decrease may caused by climate, inflation)
(c) Miguel Graham 2013 - All rights reserved - [email protected]
20
Legal Requirements and Resources
Types of legal requirements
Legal resources- It is good to know a lawyers or how to get one
Regulations- Road regulations, building regulations etc
Licenses and permits- Register business, food handlers permits, barber/ hairdresser license
Local requirements-Building codes etc
(c) Miguel Graham 2013 - All rights reserved - [email protected]
21
Your Business Structure
Choosing a structural statusOwn, rent or leasing
Plant and equipment needsType of equipments or machine needed to operate business
Describing your inventory (what you need for the business success, having the right amount
in stock)
Your management structureCompetent mangers and leadership styles
Staffing considerations (qualified, experience, customer friendly)
(c) Miguel Graham 2013 - All rights reserved - [email protected]
22
Basics of a Business Plan
Business informationyour industryyour financial planbackground researchgetting startedresearching costs and pricing (of
other businesses in the same industry to guide on how you will price your products)
(c) Miguel Graham 2013 - All rights reserved - [email protected]
23
Writing a Business Plan
Introduction and Overview:Mission Statement, Objectives, keys to success, products
and services, and Target Customers etc.
The Industry section:Market Analysis, Target Market, Competitive
Analysis, Strategy & Implementation (Sales & Marketing)
Financials: Where the business is at present and future projections (cash
flow, profit & loss, balance sheet etc)
(c) Miguel Graham 2013 - All rights reserved - [email protected]
24
Marketing that Works Your Marketing Planadvertising campaigns- radio (TBC etc), TV, print, internet, word of mouth (friends, family, drinking
partners etc)
public relations campaignsFor public awareness, who are you trying to reach
marketing resources- business cards, fliers, brochures etc
promotions and publicity-Sales, customer appreciation day
finding the right strategy for your business.What best works for your type of business
(c) Miguel Graham 2013 - All rights reserved - [email protected]
25
Preparing a Budget Estimating costs and expenses;
Forecasting sales volume; Seasonality, demands etc
Pricing strategies; To what goods are being sold for in the market
Making financial projections;How much will be spent on business v.s. how much will bemade
Performance measures How is my business performing, evaluate
(c) Miguel Graham 2013 - All rights reserved - [email protected]
26
Financing Your Business
Finding the right financing;
types of financing such as; Should I finance my business myself with my
savings and investments or should I borrow from banks and other lending
institutions in order to avoid undercapitalization.
SavingsFamily
Loans
(c) Miguel Graham 2013 - All rights reserved - [email protected]
27
Building a Team
Hiring the right peopleTrained, professional, qualified
Internal customer service;suppliers, distributors and experts
Referrals and recommendations. When you offer good services your clients can give you referrals or
recommend you to other
(c) Miguel Graham 2013 - All rights reserved - [email protected]
28
Business Connections
Building and maintaining your network A system of people, businesses or things-to build or maintain a informal
relationship with people
Successful networking Names, contact information (telephone #, address, email address)
Developing community contacts People or business in your geographical area
(c) Miguel Graham 2013 - All rights reserved - [email protected]
29
Keeping Business Records
The importance of keeping records; In the event that you need evidence in a court of law, for claims
bookkeeping basics; (journals, receipt books etc)
computerized accounting;( such as quick books offered by our BSC)
record keeping for tax purposes
line item descriptions; (goods sold cost etc)
income statements
financial statements ( balance sheet, profit & loss statements etc)
(c) Miguel Graham 2013 - All rights reserved - [email protected]
30
Retirement Plan
It is important that we save or invest for
the future while we are still able to work
Gain financial knowledgeCreate an investment portfolioSave, Save, save!
(c) Miguel Graham 2013 - All rights reserved - [email protected]
31
Thank you for Participating.
Questions?