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Before beginning a career as a direct marketers, ask yourself the following.

Are you good at paperwork, bookkeeping and details? How are you at sales? Can you wait for your money? What about the same old same old, week after week? Are you ready for the physical effort? Do you have a supportive family? Can you commit the time and capital?.

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Before beginning a career as a direct marketers, ask yourself the following.

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  1. Are you good at paperwork, bookkeeping and details? How are you at sales? Can you wait for your money? What about the same old same old, week after week? Are you ready for the physical effort? Do you have a supportive family? Can you commit the time and capital? Before beginning a career as a direct marketers, ask yourself the following. Powerpoint animation notes: Click once to initiate talking points and to exit. Starting a Business

  2. Starting a Business 600,000 new businesses are started each year in the US. 56% fail within 4 years1. What can you do to determine if your business idea will succeed or fail before you invest lots of money? Powerpoint animation notes: Text will scroll on its own. Click to exit. 1. US Small Business Administration, FAQs

  3. Common reasons for early business failure Lack of planning and discipline Lack of capital Doing it all is difficult Inadequate attention to quality & customer specs Inadequate attention to marketing Failure to adequately review risk Failure to use all resources available Powerpoint animation notes: Text will scroll on its own. Click to exit. Starting a Business

  4. A business plan clearly identifies all aspects of a business venture including: Starting a Business Powerpoint animation notes: Text will scroll on its own. Click to exit. • Organizational structure • Description of business • Goals • Management experience • Competitive review • Regulatory constraints and requirements • Marketing plan including – • Overall strategy, products, pricing, promotion and placement • Production/operation considerations – how the business will operate • Inventory • Quality control • Raw materials • Fixed assets • Financial information • Income statement • Cash flow statement • Balance sheet • Breakeven analysis

  5. Starting a Business Seafood ventures that likely do not require a business plan Switching processors you sell to. Changing your operation to improve quality. Buying a new permit. New boat and new species? Seafood ventures that likely do require a business plan. Moving into processing/marketing. New boat and new species? Buying expensive IFQ. Powerpoint animation notes: Click through each talking point and to exit.

  6. Starting a Business Alaska’s Small Business Advisors Powerpoint animation notes: Text will scroll on its own. Click to exit. Alaska Business Development Center, Inc.3335 Arctic Blvd. Suite 203Anchorage, Alaska 99503Phone (907) 562-0335Fax (907) 562-6988 www.abdc.org Alaska Small Business Development Center 430 W. 7th Ave. Ste. Anchorage, AK 99501 (907) 274.7232 (800) 478.7232 Toll free outside Anchorage (907) 274.9524 Fax 5 locations and a rural outreach coordinator www.aksbdc.org Alaska Regional Development Organizations There are eleven (11) ARDORs throughout Alaska that work to stimulate economic development. Visit the following Department of Commerce site to learn more - http://www.commerce.state.ak.us/oed/ardor/ardor.htm/ Alaska Department of Commerce, Community & Economic Development Office of Economic Development 550 West 7th Ave., Suite 1770Anchorage, AK 99501(907) 269-8104(907) 269-8125 (fax) www.commerce.state.ak.us/oed/ UA/Center for Economic DevelopmentDiplomacy Building, 5th Floor 507G3211 Providence DriveAnchorage, AK 99508-8243Phone: (907) 786-5444Fax: (907) 786-5446 There are several other local and Native organizations that provide direct one-on-one business counseling. Call a MAP agent for more contacts in your area.

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