Copyright 2007, Lean Capabilities International Pty Ltd Is Business Ownership Really for You ? Before You Quit Your Job

Copyright 2007, Lean Capabilities International Pty Ltd Entrepreneurship define as... The pursuit of opportunity without regard to resources currently controlled

Copyright 2007, Lean Capabilities International Pty Ltd FREEDOM – HOW MUCH DO YOU REALLY WANT IT? "If you become a successful entrepreneur, you will come to know a freedom very few people will ever know. It is not simply a matter of having a lot of money or free time. It is the freedom from the fear of fear itself." Robert Kiyosaki's Rich Dad Poor Dad

Copyright 2007, Lean Capabilities International Pty Ltd WHAT MAKES ENTREPRENEURS DIFFERENT They have the ability to operate sanely and intelligently without money They have the ability to operate sanely and intelligently without money They know how to spend money, even if they have no money They know how to spend money, even if they have no money Employees desire security and entrepreneurs seek freedom Employees desire security and entrepreneurs seek freedom They are always looking for opportunities rather than resources They are always looking for opportunities rather than resources They keep the organization small and lean They keep the organization small and lean They do not want to climb the corporate ladder; they want to own the corporate ladder They do not want to climb the corporate ladder; they want to own the corporate ladder They learn to use other peoples resources They learn to use other peoples resources They have different management styles to manage different people They have different management styles to manage different people They have the ability to manage people and resources they do not control They have the ability to manage people and resources they do not control They are team and value oriented rather than pay and promotion oriented They are team and value oriented rather than pay and promotion oriented They are active learner – no graduation day They are active learner – no graduation day They have generalized education rather than specialized They have generalized education rather than specialized They have the courage to be accountable & responsible for the entire business; no excuses! They have the courage to be accountable & responsible for the entire business; no excuses!

Copyright 2007, Lean Capabilities International Pty Ltd DO YOU PLAY ABOVE OR BELOW THE LINE ? OwnershipAccountabilityResponsibility BlameExcusesDenial

Copyright 2007, Lean Capabilities International Pty Ltd 3 FROGS ON A LOG ONE DECIDED TO JUMP IN.. HOW MANY WERE LEFT ? THREE…. HE ONLY DECIDED HE DIDNT ACTUALLY JUMP ! "The world is filled with want-to-be entrepreneurs.... Most will have some excuse, some rationalization,…But they never take action and jump"

Copyright 2007, Lean Capabilities International Pty Ltd THE BIGGEST OBSTICLE TO OVERCOME …. Entrepreneurs manage their fears Entrepreneurs manage their fears Making a mistake or fear of failure Making a mistake or fear of failure will hold people back from success Fear is often disguised as perfectionism Fear is often disguised as perfectionism If you have the mind-set and toughness of a farmer, you will make a great entrepreneur If you have the mind-set and toughness of a farmer, you will make a great entrepreneur Do you have control of your fear or does your fear control you? Do you have control of your fear or does your fear control you? FEAR – Future Emotion Appearing Real….

Copyright 2007, Lean Capabilities International Pty Ltd 3 PARTS TO PULLING TOGETHER A BUSINESS DEAL FINDING THE RIGHT PEOPLE FINDING THE RIGHT OPPORTUNITY FINDING THE MONEY

Copyright 2007, Lean Capabilities International Pty Ltd 13 KEY QUESTIONS TO ASK YOURSELF ?? 1. Why do I want to own my own business? 1. Why do I want to own my own business? 2. How badly do I want to own my own business? 2. How badly do I want to own my own business? 3. At what level of play do I want to play the game? 3. At what level of play do I want to play the game? 4. At what level of play am I willing to extend myself to play the game? 4. At what level of play am I willing to extend myself to play the game? 5. Am I willing to spend the time to learn about other successful entrepreneurs and their businesses? 5. Am I willing to spend the time to learn about other successful entrepreneurs and their businesses? 6. Am I afraid to fail? 6. Am I afraid to fail? 7. Can I turn my fear of failing into a strength that will help me drive the business? 7. Can I turn my fear of failing into a strength that will help me drive the business? 8. Can I learn from my mistakes? 8. Can I learn from my mistakes? 9. Can I build a team, or do I like to work by myself? 9. Can I build a team, or do I like to work by myself? 10. Am I willing to pay the price? 10. Am I willing to pay the price? 11. Am I willing to put in the time now to be rewarded later? 11. Am I willing to put in the time now to be rewarded later? 12. Am I self motivated, or do I need a boss to tell me what to do? 12. Am I self motivated, or do I need a boss to tell me what to do? 13. Am I willing to delay financial rewards until the business succeeds, or do I need a paycheck? 13. Am I willing to delay financial rewards until the business succeeds, or do I need a paycheck?

Copyright 2007, Lean Capabilities International Pty Ltd Do you have the courage to take control of your own life? Do you believe in your own abilities to create security and success?

Copyright 2007, Lean Capabilities International Pty Ltd Are you an employee Or An Entrepreneur?

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