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Hartley McGrath Susan Tadie Justin Ribeiro. Section 1: The Data Personal Capital Shooting For PAR Legal and Tax Issues Cutting Costs Networking. Section 2: Case Studies What people are saying What people are doing. Personal Capital: Do you have what it takes?. People
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Section 1: The Data • Personal Capital • Shooting For PAR • Legal and Tax Issues • Cutting Costs • Networking • Section 2: Case Studies • What people are saying • What people are doing
Personal Capital: Do you have what it takes? • People • Strength and Stamina • Motivation • Family • Decision Making Skills • Skills and Experience
Shooting For PAR: Planning and Research • Why is PAR important? • What is it good for? • I fell asleep. What do I do?
Shooting For PAR: Planning and Research • Why is PAR important? • The Business Plan • Understanding the Market • Ongoing Developments
Shooting For PAR: Planning and Research • What is PAR good for? • Starting your business • Running your business • Staying in business!!!!!!
Shooting For PAR: Planning and Research • I fell asleep. What do I do? • Never stop planning and researching!!!!
By the book: Legal and Tax issues • I have to pay taxes? How do I save money? • I hate lawyers! I'm not getting one.
By the book: Legal and Tax issues • Dealing with Taxes • Find a good tax accountant • Hire a good accountant • Get advice
By the book: Legal and Tax issues • Legal Issues • Should I hire legal counsel? • Isn't there a book I can read? • The Upstart Small Business Legal Guide • Robert Friedman
The buck stops here: How to cut your costs • Should I outsource? • Justin's inside tips...
The buck stops here: How to cut your costs • Justin's Tips to Cutting Costs • Internet Services • Open Source Software • Capital Purchases
The buck stops here: How to cut your costs • Internet Services • Shipping Made Easy • Ordering Supplies • Business Services Galore
The buck stops here: How to cut your costs • Open Source Software Tux - The Linux Mascot!
The buck stops here: How to cut your costs • Open Source Software • Using Linux instead of Windows • Cost of Red Hat Linux 7.2 : $000.00 • Cost of Windows XP Pro: $299.00 • Additional Licenses RH 7.2: $000.00 • Additional Licenses Win XP: $269.00
The buck stops here: How to cut your costs • Open Source Software • Desktop Productivity • Cost of Open Office : $000.00 • Cost of Office XP Pro: $579.00 • Cost of Gimp: $000.00 • Cost of Adobe Photoshop: s$609.00
The buck stops here: How to cut your costs • Open Source Software • That's nice, but what about CRM? • Competition offers "low" cost solution @ $20,000 • Compiere @ $00000.00
The buck stops here: How to cut your costs • Capital Purchases • Do it yourself printing and photography
Networking – Who do you know?Parents, Friends, Relatives, Teachers, Co-Workers, Employers, Acquaintances….Everyone and Anyone
Section Details • What is Networking? • How to Network • Greatest Advantage of Networking • Principles of the Process • How to Find and Cultivate Relationships
What is Networking? • Key to a Successful Start-up Company • Steel of the Future • How the Business World Works
Greatest Advantage of Networking • Exchanging Names • Presenting Your Business Name & Industry • Make the Most of All Questions that Arise
Principles of the Process • Establish a Relationship • Be Persistent and Push Beyond Comfort • State Your Intentions Clearly • Be Organized • How Can You Return the Favor • Stay in Touch
How to Find and Cultivate Relationships • Resources to Help: • Professional Associations • Internet • Co-Workers and Employers • Community Organizations • School Contacts • Friends and Relatives
Conclusion • Technical • Networking • Interviews/What it is really like
What is it Actually Like? Interviews with entrepreneurs
Points to Cover • Interview • Who • Responses • Themes
Dr. Robert E. Callahan • Control of future • Three businesses • Personal financing
Trudi Kinser TKO Inc. • Appreciation of skills • 15 years • Parents financed “Knight in shining armor”
Jon Foster Marathon Industries • Matching skills with opportunity • Non-corporate culture • 6 shareholders
Frustrations • Paperwork • First woman owned company • Managing money • Focus on product • Second year is “more terrifying.”
Sacrifices • Unbalanced, but supported • Gave up true vocational choice • Health • Daughter • Good career move • Effort • Simple rule: leave work at work
First Year of Operation… • Only if you do not have a plan • Personal experience • Gave up true vocational choice • “Success is not an event, it is the process” • Amazon • Growth indicators
Successful Business • Making money • Excitement of project • Affecting people “You can not put a price tag on that feeling”
Successful Business • Risk taker • Fun • Known for exceptional product and service “Embraces change… motivator for creativity”
Successful Business • Positive Cash Flow • Strong Customer Base • Product Dominates “People love working for you and your company”
If You Knew Then… • Learned each time • Tax benefit “Paid the price of time and energy…enjoy more aspects of life.”
If You Knew Then… • Paid myself first • Saved more • Fired more people • Mutually beneficial relationships • “Job” of an “industry icon”
If You Knew Then… • Execute around priorities • “Cash is king” • Calculated risks • Sharpened analyzing skills
Prominent Themes • Motivation • Have a plan • Sacrifices • Constantly learning
Now Hit the Road to Success! Hartley McGrath Susan Tadie Justin Ribeiro