before you get into business
Post on 19-Oct-2014
80 views
DESCRIPTION
Shared with VSO Bahaginan - San JuanTRANSCRIPT
![Page 1: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/1.jpg)
Getting into Business
By Guita T. Gopalan
![Page 2: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/2.jpg)
Why few succeed?
![Page 3: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/3.jpg)
Ignorance
![Page 4: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/4.jpg)
Aimlessness
![Page 5: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/5.jpg)
Lazy
![Page 6: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/6.jpg)
Impatient
![Page 7: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/7.jpg)
Greed
![Page 8: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/8.jpg)
Building a business is not a game of chance.
![Page 9: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/9.jpg)
Key to Success: STRATEGYTARGET
PLAN
TOOLS
![Page 10: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/10.jpg)
Anong mga negosyo ang gusto mong pasukin?
![Page 11: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/11.jpg)
Anong mga negosyo ang puwede mong pasukin?
![Page 12: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/12.jpg)
OPPORTUNITYPAGKAKATAON
![Page 13: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/13.jpg)
PLEASURE&
PAIN
![Page 14: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/14.jpg)
•Example:When there is a typhoon, what do you see?
Flooding Stalled Vehicles Upper Respiratory Diseases
Deaths from Drowning
Destroyed Houses
Fallen Trees & Power Lines
![Page 15: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/15.jpg)
•What don’t you see?
Umbrellas and Raincoats for Sale Tulak Tirik Boys Andanyo Boys
New Flood Control Projects Funeraria
More Sale of Construction Materials
![Page 16: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/16.jpg)
•The Entrepreneurial Mindset
OPPORTUNITY SEIZING
OPPORTUNITY SCREENING
• OPPORTUNITY• SEEKING
![Page 17: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/17.jpg)
ASSESING OPPORTUNITY
RISKSREWARDS
![Page 18: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/18.jpg)
Assessing Opportunity
WorkabilitySustainabilityProftability
![Page 19: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/19.jpg)
WORKABILITY:What are you offering?
Product?Service?
![Page 20: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/20.jpg)
SUSTAINABILITY
![Page 21: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/21.jpg)
PROFITABILITY: Revenue Sources
Production - gawa
Distribution - benta
Finance – ikot-pera
![Page 22: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/22.jpg)
Turning Your Idea to Reality
![Page 23: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/23.jpg)
PROBLEM SOLUTION
MARKET
![Page 24: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/24.jpg)
QualityQuantity
Quickly
![Page 25: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/25.jpg)
PRODUCT MARKET
![Page 26: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/26.jpg)
What is the problem you are trying to solve?
Identify the top 3 problems / concerns you
are addressing.
Include a 1 sentence explanation for each
![Page 27: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/27.jpg)
Who is your customer?
Demographics – age, income, marital status, etc.
→ Find customers
Psychographics – what they like to do, how they
think, etc.→ Know customers
![Page 28: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/28.jpg)
What's your special sauce?
What makes you different?What makes you worth spending on?
![Page 29: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/29.jpg)
What's the solution?
What are the top three features / characteristics of what you are offering?
![Page 30: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/30.jpg)
What results are important?What are key activities central to your business?
What are the intended results of accomplishing these key activities?
![Page 31: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/31.jpg)
How will people know your product/service exists?
![Page 32: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/32.jpg)
How much do you need to spend to make this happen?
Two Types:
Fixed Cost (one time)
Variable Cost (more than one time, per transaction)
![Page 33: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/33.jpg)
How will you make money?
Nature of money coming inHow much, every when
From where, etc.
![Page 34: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/34.jpg)
Unfair Advantage
Hard to copyHard to buy
![Page 35: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/35.jpg)
It's I'mpossibletill you remove the
I'm.
![Page 36: Before you Get Into Business](https://reader033.vdocuments.mx/reader033/viewer/2022051311/5444b088b1af9fbc0e8b4a32/html5/thumbnails/36.jpg)
It's impossibletill you remove the
I'm.