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The Northwestern Mutual Life Insurance Company – Milwaukee, WI 1 1 2 2 3 3 4 4 5 5 6 6 Six Steps To Self-Employment Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU
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* National Association of the Self-Employed November 11, 2003 The Self-Employed In America Many people dream of being in business 1 in 10 are self-employed Women start-ups outpace men by 2 to 1*
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National Association of the Self-Employed November 11, 2003 Self-Employment Survey Focus on family Greater flexibility Independence
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Reasons to be Self-Employed Be your own boss Make the best use of your skills and knowledge Unlimited earning potential
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Reasons to be Self-Employed Be rewarded for your hard work Excitement of being in business for yourself Are your interests the same?
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Fact or Myth? Self-Employment Requires: 1. Hard Work 2. High Risk 3. Lonely Odyssey
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Self-Employment Options Consultant/Contractor Franchise Owner Sales Agent/Representative Small Business Start-up SOURCE: Self Management Group
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Supply & Demand or Demand & Supply? How do I choose?
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Six Steps to Self-Employment
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STEP 1: Your Self-Employment Profile Inherent Characteristics & Attitudes Strengths & Areas for Development Choose a business that suits you Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 1 1
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STEP 2: Explore Natural Markets Personal Interest Contact with Customers Expertise Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 2 2
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STEP 3: Choose Your Best Opportunity Complete Needed Research Determine Best Market Potential Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 3 3
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STEP 3: Choose Your Best Opportunity Talk to Customers Read Internet Government Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 3 3
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STEP 3: Choose Your Best Opportunity Competition Experts Opportunity Providers Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 3 3
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STEP 4: Create Your Best Structure Design the Business for the Customer Design the Business for You Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 4 4
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STEP 4: Create Your Best Structure Legal Location Sales System Customer Service Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 4 4
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Administration Inventory Your Roles Financing STEP 4: Create Your Best Structure Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 4 4
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STEP 5: Market and Sell For Results Create a Powerful Marketing Network Use Low Cost and No Cost Marketing to Create Sales Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 5 5
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Examples: Business Cards Web Sites Refrigerator Magnet! Demonstrations Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU STEP 5: Market and Sell For Results 5 5
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STEP 6: Self Manage Your Success Realistic Expectations of Success Internal Motivation to Succeed Self-commitment to the Attitudes and Actions Needed Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 6 6
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The Right Answers I expect to be successful I am motivated to do something about it I am committed by attitude and action to be self-employed
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Six Steps To Self-Employment The self-employed take risks There’s no other way Dreams don’t come with guarantees Six Steps To Self-Employment Author, Kevin Hood, John C. Marshall, Phd., Bob McHardy, CLU 1 1 2 2 3 3 4 4 5 5 6 6
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