Entrepreneurs.

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Presentation transcript:

Entrepreneurs

Entrepreneurs Definition: The organizer of an business venture, one who organizes, owns, manages & assumes the risk of a business

Economic Growth Indicators in the U.S

Internet and Internet Growth

High Technology Market

Q1 What is your background ? Q2 The best entrepreneur get their idea anytime, anywhere, their minds are always working ? Q3 How much time would you expect to work ? Q4 Does a background in business a have any advantages ? Q5 Is attitude is everything ! It doesn’t matter True, entrepreneur are thinking all the time To be successful a lot Indeterminate, but more knowledge the better Of course

Step 1 - Get an Idea Contact the Small Business Administration (SBA) Innovative ? Contact the Small Business Administration (SBA) Make sure there’s a need for your product/service Promote competition ?

Step 2 - Plan, Plan, Plan Me again!! Road ahead… Ask potential customer what they want ? Name your business. Start your business plan.

Make it Legal Hire a lawyer Hire an accountant Learn about bookkeeping

Raise Money Set prices Financing needs, approach friends & relatives first, then outside investors Building banking relationship Find a location

Get Equipped Save money by leasing equipment Get professional business card Find supplier through trade shows

Hire Personnel Assess employee needs Develop an employee policy manual Get basic business insurance

Get the word out Develop a marketing plan Set an advertising budget Network everywhere

Open for business Get online Polish your sales skills Practice for sales presentations Open for business

Case study http://www.pixelvision.com/

How will you know if you made it? Phone calls you make will get returned You business will take on a life of its own. You'll get your life back.

Thank You ! Presented by: Robert Miskines & Andy Marshall Powerpoint by: Eng Bee Ngu Group member: Omar Ismail & Jeffery Lodico

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