1 / 10

Self Employment

Self Employment. Guiding Principles & Steps to Success.

calvin-snider
Download Presentation

Self Employment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Self Employment Guiding Principles & Steps to Success Financial Support for The Texas Customized Self-Employment Project is provided by the Texas Council for Developmental Disabilities, with Federal funds* made by the United States Department of Health and Human Services, Administration on Developmental Disabilities. *($112,704) (78%) DD funds; ($32,019) (22%) non-federal resources

  2. Why People Choose Self Employment • To more closely meet their work dreams and goals • To supply their own accommodations • Better level of income and control of benefits • Opportunity

  3. What People Need for Self Employment • Transportation • Equipment • Training • On-going technical assistance • Marketing & logistical strategies • Business management services

  4. The Difference Between Self Employment & Entrepreneurship • No increasing equity in a business • Initially, no employees • May be a partnership • Resource ownership to qualify for a “created” job • No business plan

  5. Step 1: Finding the Dream • Utilize person-centered or “strengths based” techniques to establish interests, experience or resources • Gather information concerning strengths and interests in trying various business options

  6. Step 2:Developing Supports & Accommodations • Employment team members often supply supports or resources for supports • Supports may include: • Business planning • Market development • Training • Transportation

  7. Step 3: The Product • What exactly are you selling to make money? • Initially may be dictated by person’s interests, background, and values • Modification of product may be dictated by logistics, markets or expenses

  8. Step 4: Marketing • Importance of selecting initial customer population • Importance of planning in reaching the target customer • Importance of modification of strategy as business activity progresses

  9. Step 5: Pricing • Combat low valuation of the person’s time and contribution to the employment endeavor • May begin with a survey of similar business’ prices, if appropriate • Pay yourself enough!!

  10. Step 6: Funding Your Dream • Do you have the $$ • Personal savings • SSA Work Incentives (PASS) • Family members • Organizational investors • Micro business loans • Special economic development grants

More Related