“Seven Foundational Pillars Directly Linked to Entrepreneur Success” Berkeley Geddes, CEO Grow America Ventures January 18 th, 2011.

Slides:



Advertisements
Similar presentations
January 10, 2012 Budgeting For Your First Year & Measuring Success.
Advertisements

How To Win the StartUp Cup Business Model Competition!
Introduction to Tamheed Helping Youth Make Informed Career Choices June 2012.
Connecting you to opportunity Stimulating Enterprise through Coaching.
Martin Schuurmans Chair EIT The EIT Sustainable Growth and Competitiveness through Innovation.
Finding a great mentor can be challenging, but the payoff can be huge. There are many reasons why mentors are so important, but here are a few of the.
National Rural Health Day (NOTE: INSERT YOUR SORH NAME HERE)
Growing Better Business The Challenge of Sustainable Business Growth.
“Today’s financial world is highly complex when compared with that of a generation ago. Forty years ago, a simple understanding of how to maintain a checking.
Chapter 4 Global Analysis
Core Competencies Student Focus Group, Nov. 20, 2008.
Return to Our Essential Question(s)…..
The Monte Lauro Vineyards Story
Sustainable Development: why planners and developers disagree Yvonne Rydin Bartlett School of Planning University College London.
The Role of Incubators in SME growth. Business incubation started in the 50’s in Batavia, New York, As of 2013 there are more than 9000 incubators world.
Careers in CS & Engineering. CS & Engineering careers are not all this….
1 © Nokia 2004 Proactive - Reactive Support, Which is More Important? Matthew Gulbranson.
Contents Click the link below to go directly to the slides for that chapter. Chapter 1 ■ Your Personal Strengths Chapter 2 ■ The Roles You Play Chapter.
Tools for Teachers Linking Assessment and Learning “Assessment should be an integral part of teaching. It is the mechanism whereby teachers can learn how.
Sources of information about Global trends Newspapers Trade publications Industry specific, such as “Cosmetics International,” “Music Week,” “Nursing.
Dance Educators Training Institute Monday, August 5, 2013 UMBC Suzie Henneman.
The Business Plan : Creating and Starting The Venture
The Perfect Business Plan, Slide Show and Elevator Pitch
Parenting Responsibilities. Children in Society What is the importance of having children in today’s society? – They are the future – They give us purpose.
Admissions Counseling to Support the Career Driven Standards-Based Education and Training Model in Job Corps “Begin With the End in Mind” ”
Chapter 6 Sources of Funding
ENHANCING THE EMPLOYABILITY OF NIGERIAN GRADUATES By: Robert Ikazoboh MD/CEO Dragnet Solutions Limited.
2.3.1.G1 © Take Charge Today – August 2013 – Invest in Yourself – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family.
EXPLORING THE WORLD OF WORK
2.03 Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products.
Exploring the World of Work
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
The Business Plan. What are the similarities of successful entrepreneurs? Don’t worry you can learn them! Persistence Desire for immediate feedback Inquisitiveness.
Copyright 2010, The World Bank Group. All Rights Reserved. Managing resources Finance – People – Knowledge Part 1 Strengthening Statistics Produced in.
1.02 Understand career opportunities in marketing to make career decisions.
Vision - Defining the opportunity Market Research Market Testing Stuart W. Hillston CEO, Constellation Capital Supported by.
Entrepreneurship As a Community Development Strategy John Gruidl and Deborah M. Markley.
GETTING STARTED Yes You Can! Built by Stambaugh/2009 Jeff Stambaugh Dillard College of Business/Rm 257A
Developing a Business Mindset
Made by Arvel, Sanah & Sai Definition Overcoming one’s fear Accomplishing a goal one has set for themselves Idea  Process  Influence  Human Achievement.
Copyright © Next Step. All Rights Reserved. Copyright © Next Step. All Rights Reserved. x Jennifer Vessels.
Sustainability Education and the Next Generation Science Standards.
Career Exploration. Introduction How many times have you been asked, What do you want to be when you grow up? What has been your response? If you’re like.
Business Solutions Team 157 When your business is inside out, We’ll turn it right side In! The Gold Standard in Leadership Excellence!
Raising Kingdom Families Lesson 4. Kingdom parenting involves intentionally overseeing the generational transfer of the faith in such a way that children.
PAWS 2 Why Career/Technical Training? August 29, 2012.
1 Lesson 6-1 Becoming an Entrepreneur Objectives:  Identify characteristics of successful entrepreneurs.  Recognize the importance of entrepreneurship.
Assisting the California Health Benefits Exchange in Developing an Assisters Program March 22,
Is Owning a Business a Good Fit for You?. IS OWNING A BUSINESS A GOOD FIT FOR YOU? 2 Pre-Test Locate the Pre- and Post-Test Form at the back of your workbook.
National Research Council Of the National Academies
THE CREATORS BY Mr. REUBEN ANDOH-MENSAH PASTOR ENOCH KOFI TOMS 1.
Economics 13-4 Economic Growth pages ECONOMIC GROWTH ESSENTIAL QUESTIONS: What are two measures of economic growth? Why is economic growth important?
Enterprise Technology & Analysis for Enterprise ETI 6134 Dr. Karla Moore.
MDA Leadership Consulting
 Ventures require many different types of resources in order to be successful and to grow.  Some resources such as furniture, equipment, raw materials,
Chapter 6. Lessons 1. Becoming an Entrepreneur 2. Small Business Basics 3. Starting a Small Business EQ: What role does small business play in the U.S.
How To Start A Lead Generation Business For Insane Profits At Front Line Generals, Everything We Do From Top To Bottom Is Of The Highest Quality To Ensure.
Career Guidance Aimed at Improving Higher Education - role of Ministry of Youth and Sport of Republic of Serbia- Ministry of Youth and Sport Development.
DEVELOPING A BUSINESS PLAN. Now that you know the details of your business, you need to put everything on paper. Writing these details will help you visualize.
Professional Financial Services MCGUIRE FINANCIAL GROUP.
Business Opportunities for HR Consultants - R C Bhardwaj Business Analyst, IIT Bombay Mumbai Co ID:
Key Principles for Building Business Success Steve Dunne – Managing Director Savvy Group Jon Peart – Director Savvy Construction.
DO YOU HAVE WHAT IT TAKES TO OPERATE YOUR OWN BUSINESS? Entrepreneurship.
Grow Your Own: Talent Development for the Modern Manufacturer
Afterschool and Workforce Readiness Skills Cathy Stevens
Please rate and review on TES.com
The Business Plan.
Cisco Learning Credits A Solid Business Value Proposition
SMALL BUSINESS THE BACKBONE OF THE CANADIAN ECONOMY
Chapter 12-Financial Management
Presentation transcript:

“Seven Foundational Pillars Directly Linked to Entrepreneur Success” Berkeley Geddes, CEO Grow America Ventures January 18 th, 2011

Take a Step Back in Time We learned the mechanics of math in elementary school. In Junior high we were taught about complex equations. What did we do with complex math equations? © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Lowest Common Denominators Business Models are similar to complex mathematical equations Every Business Model has multiple parts that make up the “total equation” Each part of the equation needs to be reduced to LCD’s Each equation has one or more problems to solve LCD’s help get the equation to a point where you can accurately start predicting results © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Business Models – DooBizz.com Every good Business Plan presents one or more business models The Seven Foundational Pillars related to Entrepreneur success ARE the current LCD’s of the business model for DooBizz.com Note: In a future presentation we can teach the skills that help an entrepreneur identify one or more business models for a good idea! © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Business Model Development and Great Entrepreneur’s … [Steve] Jobs is a great entrepreneur for an­other reason. Lots of ninnies can give customers products they want. Jobs gave people products they didn't know they wanted, and then made those products indispensable to their lives… Nick Schulz, American Entrepreneur Institute, August 25 th 2011 © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #1 The importance of Good People and Good Ideas Hans Rosling’s – 200 years in 4 minutes - You Tube Healthy Wealthy Corner: Country Foundation: 1. Fundamental respect for human life 2. People were encouraged to self determine – build their own vision for what their life will be – Government did NOT tell their people what to do. 3. People were protected in pursing their dreams 4. People enjoyed the majority of the fruits of their labors People Foundation: 1. Fundamental respect for human life 2. Faith based 3. Family centered 4. Hard working © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Important Disciplines – We Certify Dispute Resolution is Important – Certify Lawyers Maintaining Health is Important – Certify Physicians Cars on Freeway are Important – Certify Mechanics As important as Entrepreneurism is; where does society, by education and training certify entrepreneurs? Interesting, in countries were entrepreneurism is not prevalent, other certifications do NOT exist. In 2012, the capstone certification of Entrepreneurism is missing! © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #2 Mentor One of the most important things that can happen for ANY entrepreneur is to link up with an experienced and talented mentor – as soon as possible Slim Jim – the LDS Trekker © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #3 – The Optimal Path and Energy © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #3 - Continued and Energy © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #3 - Continued and Energy © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #3 - Conclusions The optimal path does exist There are common elements to the development of every idea Entrepreneurs MUST be counseled and advised to know how to stay as close to the optimal path as possible Any deviation off the path consumes precious TIME, MONEY, and ENERGY © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #4 Each Optimal Path is Unique Priority of variables that make each path unique: 1. Sphere of Influence 2. Education 3. Experience 4. Level of Preliminary Funding 5. Industry of the Idea – NAICS 6. Product or Service or Product and Service 7. Country where the idea will be developed 8. State or province of idea development These are some of the top elements of uniqueness © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #5: Education and Experience Matrix © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #5 - Continued © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #5 - Continued © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #5 - Conclusion Experience can be addressed by bringing a subset of the right people forward at the right time There is NO substitute for core things that the entrepreneur MUST understand (education) Entrepreneurs do not know what they do not know; many of them they think they know it all and this can be a HUGE barrier to success © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #6 – Entrepreneur Life Cycle © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #6 - Continued © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #6 - Continued Point of Merit Proven Point Idea Creation © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Idea Creation Pillar #6 – Entrepreneur Life Cycle © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #6 - Conclusions Where are you currently in the entrepreneur life cycle? It is important to understand key elements of this life cycle and where critical “Power Levers” apply What revenue potential exists under the curve (total revenue generation potential)? There are several powerful overlays and much more that can be learned from the ELC – (note: future presentation) How can an entrepreneur reinvent their idea for long term sustainability (skunk works)? © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #7 Power Levers Do you remember the science lessons on Leverage? Three essential things: 1. Need the right lever for the right job 2. Need to use the right fulcrum 3. Need to place the lever and the fulcrum in the correct position to obtain optimal results © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Pillar #7 Power Levers - Continued Priority List of Levers 1. Mentor 2. Document your idea 3. Determine if you have a good idea (50,000 foot view) 4. Are you willing to make the sacrifice? 5. Merit plan – Preliminary funding plan 6. Market Research – Business model development 7. Product/Service Development 8. Marketing Plan 9. Sales Plan 10. Accounting 11. Legal 12. Administration 13. Business Operations 14. Business Plan 15. Launch and Monitor © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

83 Power Levers in the DooBizz.com Tree © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

DooBizz.com Is your absolutely FREE High-Power entrepreneur tool! At doobizz.com entrepreneurs are taught everything that they need to know and need to do to be successful. Leverage! Use the Power Levers to your advantage! © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Questions? Berkeley Geddes © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Berkeley Geddes Phone: Thank You © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Many Ask – So how is DooBizz.com going to be able to continue to support entrepreneurs for FREE and still make money? Great Question: If we have the right business model equation and LCD’s then we should be able to predict results? Right? We have identified 54 channels of revenue. Lets use one of the foundational pillars and show ONE revenue channel. The Bank Overlay © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved

Banks - Becoming an Agent of “Yes!” Idea Creation Point of Merit Proven Point © 2010 – 2012, Berkeley L. Geddes - All Rights Reserved