Welcome Dwain Reid, Entrepreneurship Project Manager

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Presentation transcript:

Welcome Dwain Reid, Entrepreneurship Project Manager So what’s the plan? Welcome Dwain Reid, Entrepreneurship Project Manager

Join the conversation……… @BizBoardKU #KUENT Tell Everybody!!!

Get Involved! http://bizboard.kingston.ac.uk The Year Ahead. Get Involved! http://bizboard.kingston.ac.uk

The journey Accelerator Workshops, Masterclasses Bright Ideas Closes 2 Dec Startup W/end 27-29 Jan Pitching, Prizes & Party 9 Feb Celebrate Enterprise! End of academic year celebration 23 March Kingston Award Participation in the Enterprise Programme contributes to the Award Accelerator Follow-on support for those starting something new

Workshops http://bizboard.kingston.ac.uk/workshops Wednesdays 4pm *Idea generation *Bright Idea’s Q’s *PR *Social Media http://bizboard.kingston.ac.uk/workshops

Every Month on a Thursday from 5.45pm Insights Every Month on a Thursday from 5.45pm Guest speakers take you through their journey of success, Q&A and networking http://bizboard.kingston.ac.uk/insights

“Everything begins with an idea” Bright Ideas 2016/17 “Everything begins with an idea” NOT a business Competition! Open Now Deadline: 2 December 2016 http://bizboard.kingston.ac.uk/brightideas

Next week.. Wed 12 Oct, 4pm PRJG1005 Defining and attracting your first customer Sign Up NOW! http://bizboard.kingston.ac.uk/workshops

The journey Accelerator Workshops, Masterclasses Bright Ideas Closes 2 Dec Startup W/end 27-29 Jan Pitching, Prizes & Party 9 Feb Celebrate Enterprise! End of academic year celebration 23 March Kingston Award Participation in the Enterprise Programme is included in the Award Accelerator Follow-on support for those starting something new The journey

So what’s the plan? Congratulations! On your table you have decided to set up a business Discuss and agree the first 5 actions you will take in the start-up process

Nike, $13.7b…. Phillip Knight Onitsuka Tiger Co. Blue Ribbon Sports 200 shoes in Dads garage (1963) Bill Bowerman 1,300 shoes. $20k (1964) 1971 …. . Greek goddess of victory

McDonalds Ray Kroc Richard and Maurice, Bar B Q (1940) Simplified System (1948) The Multimixer First franchise 500 to 8 years -32,000

Coca Cola Dr. John Stith Pemberton Syrup (1886) Pharmacist The Atlanta Journal 9 – 1.6b

Facebook Mark Zuckerburg Thefacebook.com 04 The legal side Exclusivity Fan fare User interaction

Five steps to a successful start up #KUENT So that plan Five steps to a successful start up #KUENT

There’s no such thing as a perfect plan

Get rid of them .. It’s a mindset 1. Excuses Get rid of them .. It’s a mindset

Is living a few years of your life like most people won’t so that you can spend the rest of your life like most people won’t

It’s not about ideas it’s about making ideas happen 2. Your idea It’s not about ideas it’s about making ideas happen

3. Create a plan What a business plan?

There’s no such thing as a perfect plan

4. Create a plan What a business plan?

Business Model Canvas

Five things …… WHY HOW WHAT £££ MONTHS

Five things …… WHY are you unique

Five things …… WHY HOW are you unique will you get customer(s)

Five things …… WHY HOW WHAT are you unique will you get customer(s) do you need?

Five things …… £££ WHY HOW WHAT are you unique will you get customer(s) do you need? £££ financial target(s)

Five things …… £££ WHY HOW WHAT are you unique will you get customer(s) do you need? £££ MONTHS financial target(s) 2,3,6?

Five things …… £££ WHY HOW WHAT are you unique will you get customer(s) do you need? £££ MONTHS financial target(s) ACTIONS 2,3,6?

Who is going to buy though? 5. Customer Discovery Who is going to buy though?

There’s no such thing as a perfect plan

“Everything begins with an idea” Bright Ideas 2016/17 “Everything begins with an idea” NOT a business Competition! Open Now Deadline: 2 December 2016 http://bizboard.kingston.ac.uk/brightideas

Next week.. Wed 12 Oct, 4pm PRJG1005 Defining and attracting your first customer Sign Up NOW! http://bizboard.kingston.ac.uk/workshops