Business Starter Pack

Adventuring into a business is no easy task. There is a lot more to it than simply opening a new S-Corp or LLC. This walks through the required structure need before opening a business.

Transcript

1. Business Starter Pack
2. Idea “If you have an idea you are already at 50%” Napoleon Hill
3. Mission • Vision • Mission • Objectives • Statement Of Values
4. Pricing it Right
5. The lemonade stand If you had to create a lemonade stand, how much would you price your lemonade for?
6. Pricing it right! • 1 Lb of Lemons = $2.00 • Water, 24 count, 8 oz = $3.28 • 4 Lb of Sugar = $1.98 • 180 Cups 18 oz = $6.98 • 10 Lb of Ice = $1.00 • Straws 20 ct = $1.00 • Labor = ???
7. So our lemonade will cost... • $0.05 for the sugar • $0.05 for ice • $0.16 for water • $0.50 for the lemon • $0.17 for the cup • $0.05 for the straw • Considering free labor your lemonade costs you?
8. Costs • Of Goods • Fixed • Variable
9. Assumptions For example purposes only: • Fixed costs: $1.20 yearly • Variable costs: $0.24 yearly Right now our lemonade is costing: $1.10?
10. Oh no, I forgot about next month... Well, there is next month and because of that, our lemonade will become a bit more expensive... The average profit margin is of 30%
11. Our lemonade will be sold at... $2.86 + Tax (6%) = $3.03 Now that guy selling the Lemonade at $3.50/4.00 in the farmers market doesn’t seem too expensive does it?
12. Taking a loan
13. Finally the fun stuff
14. Culture
15. The golden rules of selling • If a prospector (client) is looking at your product, approach. • When making a deal, give only one option: the one that works best for you. • Don’t offer a deal that you wouldn’t take.
16. Failure is always an option Use failure as your motivator
17. Remember Don Quixote Well let’s talk about leadership.
18. CEO Chief Executive Officer OR
19. Organization Hack Have you heard about Kanban boards?
20. Rise and Grind • Get on it • Repeat (act, learn, repeat) • Insist on your very best • Navigate • Desire, drive and determination
21. Marketing
22. Marketing • Social media is free and efficient • Marketing is as expensive as you want to be • It needs to be personal • Smaller corporations has more chances than big ones
23. 3 simple marketing rules • It changes constantly • If you don’t like your ad, your prospectors won’t as well • Keep it simple
24. • Required for marketing strategy • Required for business strategy • Do you know your audience? • Back to lemonade stand, what is our audience? Audience
25. My lemonade ad What comes into mind when it is almost 90 degrees outside and no cloud to give some shade?
26. Education
27. • Entreleadership Podcast • Rise and Grind Podcast • Rise and Grind Book • Think and Grow Rich from Napoleon Hill Book • The Blue Ocean Strategy from W. Chan Kim • Canva.com • Shutterstock.com • Social Frameworks (Instagram, Twitter, Facebook) • Kanban • Trello (online free Kanban board) • Your cell phone • ...
28. Are you ready? Ok let’s start, but first: questions?
29. One last thing You are your and your business champion. Don’t give up and good luck.