a mom entpreneur - master class start/rev up your business

35
A Mom Entrepreneur Mini Master Class Start/Rev Up Your Business

Upload: laina-turner

Post on 12-May-2015

532 views

Category:

Business


0 download

DESCRIPTION

Master Class Start/Rev Up Your Business

TRANSCRIPT

Page 1: A Mom Entpreneur - Master Class Start/Rev Up Your Business

A Mom EntrepreneurMini Master ClassStart/Rev Up Your Business

Page 2: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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!

Page 3: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 4: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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

Page 5: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessFirst ask yourself why you want to start a business?• Flexibility?• Work/life balance?• Money?• Glamour and fame?

Page 6: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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?

Page 7: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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?

Page 8: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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?

Page 9: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 10: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

What is your ideal life and how does your vision of being a business owner fit into that?

Page 11: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessBusinesses start with an idea, a passion, something you think can be turned into a viable business.

Page 12: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 13: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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!

Page 14: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

“He who fails to plan is planning to fail”Winston Churchill

Page 15: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 16: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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?

Page 17: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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?

Page 18: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 19: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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!

Page 20: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 21: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 22: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 23: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessGoal attainment.

• Write down your goals.• Make sure they are S.M.A.R.T. (specific,

measureable, actionable, realistic, timely)

Page 24: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessNarrowing your focus to activity achievement.

Relating activity to goals.

Eat your elephant.

Page 25: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

Daily actions and accountability.

Page 26: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

Get rid of obstacles and head trash.

Page 27: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessGetting from the warm and fuzzy to the cold hard facts.• Business takes money• You need money to live

Page 28: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

Where there’s a will there’s a way.• Thinking outside the box.

Page 29: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your BusinessStaying motivated.• Revisit your vision.• Thinking about your progress and the

wins.• Always celebrate the successes!

Page 30: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Up Your Business

Create a support network.

Page 31: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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

Page 32: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 33: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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.

Page 34: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

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

Page 35: A Mom Entpreneur - Master Class Start/Rev Up Your Business

www.amomentrepreneur.com

Start/Rev Your Business

Questions?