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Published byOliver Kennedy Modified over 9 years ago
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Self Employment Guiding Principles & Steps to Success Financial Support for The Texas Customized Self-Employment Project is provided by the Texas Council for Developmental Disabilities, with Federal funds* made by the United States Department of Health and Human Services, Administration on Developmental Disabilities. *($112,704) (78%) DD funds; ($32,019) (22%) non-federal resources
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Why People Choose Self Employment To more closely meet their work dreams and goals To supply their own accommodations Better level of income and control of benefits Opportunity
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What People Need for Self Employment Transportation Equipment Training On-going technical assistance Marketing & logistical strategies Business management services
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The Difference Between Self Employment & Entrepreneurship No increasing equity in a business Initially, no employees May be a partnership Resource ownership to qualify for a “created” job No business plan
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Step 1: Finding the Dream Utilize person-centered or “strengths based” techniques to establish interests, experience or resources Gather information concerning strengths and interests in trying various business options
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Step 2: Developing Supports & Accommodations Employment team members often supply supports or resources for supports Supports may include: Business planning Market development Training Transportation
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Step 3: The Product What exactly are you selling to make money? Initially may be dictated by person’s interests, background, and values Modification of product may be dictated by logistics, markets or expenses
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Step 4: Marketing Importance of selecting initial customer population Importance of planning in reaching the target customer Importance of modification of strategy as business activity progresses
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Step 5: Pricing Combat low valuation of the person’s time and contribution to the employment endeavor May begin with a survey of similar business’ prices, if appropriate Pay yourself enough!!
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Step 6: Funding Your Dream Do you have the $$ Personal savings SSA Work Incentives (PASS) Family members Organizational investors Micro business loans Special economic development grants
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