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Introduction To Starting Your Own BusinessTo Do List
• What’s my
business idea?
• Do I have what
it takes?
• Plan It
• Find additional
support
Ingol and Tanterton Community Trust (INTACT), Preston11th March 2015
About Phil ParramoreStarted own business Summer 2013New Enterprise Allowance ParticipantWakefield Business Support ProgrammeStart Up LancashireMember of the Institute of Leadership and Management Serial Networker – lots of contacts that can help youLeader of a local networking groupRecently survived my first year and now in 2nd year growthMentor of NEA participants and growth businessesLove being my own boss!
Introduction To
Starting Your Own Business
Idea, hobby or interest
that could be come a
business? What customer
problem or opportunity
are you trying to address?
What do I include in my
business plan?
Next Steps and
additional resources
What marketing tools can I
use?
Do you recognise
your strengths
and weaknesses
?
What skills and attitudes do business
owners need?
What We Will Cover
What We Won’t CoverTypes of business and legal structures – sole trader, partnerships,
limited companies, Social Enterprise, Charities, etc. Income tax, National Insurance and VAT Branding, naming and ‘intellectual property’ Ways of working and organising yourself Complying with the lawFinance – but just remember
Cash Is King!Without It You Have Nothing
What skills, capabilities and attitudes does a business owner need? How To Do List
• Two minutes
to consider
individually
• Full group
discussion
What goes in your business plan?Business Idea
Business Aims & Objectives Personal Aims & Objectives Key Personnel Personal S.W.O.T. Products & Services Pricing
Market Research. MarketingCompetitors S.W.O.T.Premises Equipment Survival Income Profit & Loss Projection Cash Flow Projection Personal Profile
What goes in your business plan?
What is Your Business Idea/ Value Proposition? 1) What customer problem or opportunity will your business seek to address?
2) How will your business stand out from the crowd? (Price, Quality, Different)
How To Do List
• Consider
individually (10
mins)
• Work in pairs (10
mins)
• Coffee &
networking break
• Pitch & get
feedback (2 mins)
What are your personal strengths and weaknesses?
How To Do List
• Consider
individually (15
mins)
• Group discussion
(15 mins)
Market Research and Marketing
1) Get opinions about whether people will buy your product or service?
2) Discuss what marketing tools you will use to get your business known
How To Do List
• Consider
individually (10
mins)
• Work in pairs (10
mins)
• Group discussion
(10 mins)
Phillip Parramore MBA MInstLM
Business Growth Advisor
T: 0345 241 5323
W: www.guidedotyou.co.uk
Facebook: www.facebook.com/guidedotyou
Twitter: @PhilParramore
Thank youFrom GuideDotYou
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