a mom entpreneur - master class start/rev up your business
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Master Class Start/Rev Up Your BusinessTRANSCRIPT
A Mom EntrepreneurMini Master ClassStart/Rev Up Your Business
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A Mom EntrepreneurAbout us:A Mom Entrepreneur is an online resource and gathering place for women who want to do it all. Be a great mom, business owner, partner, friend, sibling, daughter….the list can go on infinitely.
We do it because we can but it’s not easy. Connecting with like minded women can give us the strength and support when we most need it.
A Mom Entrepreneur is THAT place!
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A Mom EntrepreneurAbout me:I’ve done many things in my lifetime from cosmetology to real estate, from retail to academics, and being self employed.
I haven’t always been successful but I have learned a lot of what NOT to do.
I am passionate about controlling my own destiny and LOVE helping others do the same.
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Start/Rev Up Your Business“Twenty years from now you will be more disappointed by the things that you didn’t
do than by the ones you did do.”Mark Twain
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Start/Rev Up Your BusinessFirst ask yourself why you want to start a business?• Flexibility?• Work/life balance?• Money?• Glamour and fame?
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Start/Rev Up Your BusinessPersonal inventory?• What strengths will lend themselves to
being successful.• What weaknesses may hinder you?• Am I ready to devote the time
necessary?• Am I emotionally and mentally ready?• Am I ready to make necessary
sacrifices?
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Start/Rev Up Your BusinessDo you have what it takes to be an entrepreneur?• Are you a self starter?• Are you a risk taker?• Are you a leader?• Can you live without a steady income?
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Start/Rev Up Your Business• Do you have self discipline?• Do you handle pressure and stress well?• Can you hustle?
And most importantly….are your family & friends supportive?
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Start/Rev Up Your BusinessIf you answered yes to all those questions then you have a good mindset to be your own boss. If you didn’t answer yes to all of them then you know what you need to work on and watch out for.
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Start/Rev Up Your Business
What is your ideal life and how does your vision of being a business owner fit into that?
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Start/Rev Up Your BusinessBusinesses start with an idea, a passion, something you think can be turned into a viable business.
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Start/Rev Up Your BusinessThe first step after the idea is the most difficult. You need to put life to the idea. How does it look?
It takes time, focus, and determination to bring life to an idea because abstract thinking can often be much easier than concrete analytical thinking.
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Start/Rev Up Your BusinessYou have to challenge your idea.• Is it viable?• Have others done it?• What are the possibilities?• What are the obstacles?
BE HONEST!
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Start/Rev Up Your Business
“He who fails to plan is planning to fail”Winston Churchill
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Start/Rev Up Your BusinessThe business plan. Don’t start a business without it!
In Act 1/Scene 3 of But It’s My Business, there is an outline of the main elements your plan should contain.
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Start/Rev Up Your Business• Vision – your global goal.• Mission – how will you achieve that goal.• Executive summary – paragraph snapshot
of plan.• Audience – who are you targeting?• Products/services – a detailed description.• Market/Marketing strategy – is there a
market for what you are selling? How will you promote your products/services?
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Start/Rev Up Your Business Management – are you a solopreneur, if
not will you be the manager? Financial plan – what’s your budget?
How long before you expect/need to make a profit.
Investment – how much capital will you need to invest. Or, what will you need to live on while waiting to make a profit?
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Start/Rev Up Your BusinessElevator pitch
Can you sum up your business in 60 seconds or less?
Even better can you do it in 13 words or less?
To bring resources and community to like minded women – 9 words.
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Start/Rev Up Your BusinessYou may be thinking to yourself, “do I really need to write out a business plan if my business is something like selling crafts on Etsy?”
The answer is YES!
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Start/Rev Up Your BusinessWhy?
If you want to have a profitable business you need to treat it like a business, right from the start.
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Start/Rev Up Your BusinessWriting things down will solidify your plan, make you more aware of potential pitfalls, and give you a map of where you are headed for when you get off track.
Because you WILL get off track.
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Start/Rev Up Your BusinessWhen writing your business plan think about where you want your business to be in 5 years.
Then work backwards and develop the goals and actions to get you there.
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Start/Rev Up Your BusinessGoal attainment.
• Write down your goals.• Make sure they are S.M.A.R.T. (specific,
measureable, actionable, realistic, timely)
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Start/Rev Up Your BusinessNarrowing your focus to activity achievement.
Relating activity to goals.
Eat your elephant.
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Start/Rev Up Your Business
Daily actions and accountability.
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Start/Rev Up Your Business
Get rid of obstacles and head trash.
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Start/Rev Up Your BusinessGetting from the warm and fuzzy to the cold hard facts.• Business takes money• You need money to live
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Start/Rev Up Your Business
Where there’s a will there’s a way.• Thinking outside the box.
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Start/Rev Up Your BusinessStaying motivated.• Revisit your vision.• Thinking about your progress and the
wins.• Always celebrate the successes!
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Start/Rev Up Your Business
Create a support network.
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Start/Rev Up Your Business
Action Items for the next 2 weeks.
• Write or update your business plan. If you want to share post in the A Mom Entrepreneur group at: http://amomentrepreneur.net/group/mini-master-class
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Start/Rev Up Your Business
• Create your daily actionable items needed to reach your goal.
• Hold yourself accountable.• Start thinking about your vision/mission
statements and how you will frame those.
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Start/Rev Your BusinessSept. 9th Start/Rev Up Your Business 10am-11am EST with 30 min Q & A after.Sept. 16th 7pm-8pm EST Class review and Q & A.
Sept. 23rd Creating Your Mission 10am-11am EST with 30 min Q & A after.Sept.30th 7pm-8pm EST Class review and Q & A.
Oct. 7th Financial Fundamentals 10am-11am EST with 30 min Q & A after.Oct. 14th 7pm-8pm EST Class review and Q & A.
Oct. 21st Time Management 10am-11am EST with 30 min Q & A after.Oct. 28th 7pm-8pm EST Class review and Q & A.
Nov. 4th Networking: Online & Face2Face 10am-11am EST with 30 min Q & A after.Nov. 11th 7pm-8pm EST Class review and Q & A.
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Thank You!You can reach me at [email protected]
Twitter @lturnermolaski
Facebook https://www.facebook.com/pages/AMomEntrepreneur/186136878119800
And please join our group on http://amomentrepreneur.net/group/mini-master-class
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Start/Rev Your Business
Questions?