from concept to company
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From concept to company
Betty Kincaid
“If you don’t have a plan for yourself, you’ll be part of someone else’s.”
It all starts with an idea
What? How? Who? Why?
Business basics…1…2…3
1. Buy, build or provide a needed service
2. Add value3. Sell the value added
product or service at a profit
Where’s the pain?
How urgent is their need? Will they pay for relief? How much will they pay?
Solve their problem
What’s it worth?
Create a plan
“A good plan executed today is better than a perfect plan executed next week.”
General George Patton
Create a plan Mission Statement Vision Values Goals
Strategies Marketing plan Budget
Mission, vision & values
Mission statement
“We save people money so they can live better.”
Mission statement
“Be our customers favorite place and way to eat.”
Mission statement
“To nourish and delight everyone we serve.”
Mission, vision & values
Create your futureEnroll others in your visionBuild a corporate culture
that reflects who you are
“The best way to predict the future is to create it”
Peter Drucker
Marketing plan
Who?Why?What?How?
Aim high!
“Make no little plans; they have no magic to stir men’s blood and probably themselves not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical diagram once recorded will not die.”
Daniel H. Burnham- Architect & urban planner
Enroll others. The pitch
Hook Brief Passion Request
Business plan
What is product? Who is your
market? What is your
revenue model? Who are the
players? Who is your
competition? What makes you
different?
My bookshelf Principle-Centered LeadershipStephen Covey How To Win Friends and Influence
PeopleDale Carnegie Good to Great: Why Some Companies Make the Leap... and Others Don't Jim Collins Borrowing Brilliance: The Six Steps to Business Innovation by Building on the Ideas of Others David Kord Murray
My bookshelf Hacking Work: Breaking Stupid Rules for
Smart ResultsBill Jensen & Josh Klein The Talent Masters: Why Smart Leaders
Put People Before Numbers Bill Conaty & Ram Charan WinningJack Welch Execution: The Discipline of Getting
Things DoneLarry Bossidy & Ram Charan