Truths & Myths of Starting a Business

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“Taking the ‘Scary’ Out of Star6ng a Business” Speaker: Jan Triple>, CEO Business Success Center October 2014 #NoScaryBusiness ©Business Success Center, Aus6n, TX 2014. All rights reserved. 1

description

Starting a business shouldn't be scary but the myths of failure stop people. before they start or start to grow. This was presented to the Launch Pad Job Club in Austin, Texas.

Transcript of Truths & Myths of Starting a Business

Page 1: Truths & Myths of Starting a Business

 “Taking  the  ‘Scary’  Out  of  Star6ng  a  Business”    

Speaker:  Jan  Triple>,  CEO  Business  Success  Center  

October  2014    

#NoScaryBusiness  ©Business  Success  Center,  Aus6n,  TX  2014.  

All  rights  reserved.     1  

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BSC PROVIDES ALL 7 PARTS YOU NEED TO GROW!

©Business  Success  Center,  Aus6n,  TX  2014.  All  rights  reserved.    

Page 3: Truths & Myths of Starting a Business

NO FREE PARKING OR LUNCH IN BUSINESS BUT…

Image from http://guiltfreegames.wordpress.com/2010/04/25/free-parking-gazing-into-the%C2%A0abyss/ posted by John-Michael Gariepy

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SIFT OUT THE TRUTHS FROM THE MYTHS

•  No Money •  No Customers •  All Work and No Play •  Failure

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Page 5: Truths & Myths of Starting a Business

BAD MOON MYTHS

•  Every Small Business wants to get BIG.

•  Business success is all about sales.

•  The customer is king (or queen). Sometimes…

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SOME TRUTHS

•  You can’t be fired from your own business.

•  Every big business was a small business first.

•  Most millionaires (the largest percentage) are small business owners.

•  There is money to be made in your small business. It just requires work and passion.

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SOME NOT SO TERRIFYING TRUTHS

•  Just like Frankenstein, every business started as someone’s vision.

•  You will work hard and hopefully smart.

•  Your partners will be your significant others/family.

•  When it gets easy, you’ll know you have made it.

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DON’T BE SPOOKED

•  Every successful small business goes through 8 stages of growth.

•  You’ve got to spend money to make it. •  The more involved you are in your business

the better. •  Business owners must work “on” not “in”

their business and take the 40K foot view. •  You need to see your business as a whole

with all parts integrated.

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3 KEYS TO BUSINESS STARTUP SUCCESS

1. Right model 2.  Right concept 3.  Right customers (who will pay the right price)

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ARE YOU OWNER MATERIAL?

1 2 3 4 5 6 7 8 9

10

1 2 3 4 5 6 7 8 9 10 Willingness

Desire

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DON’T BE DISCOURAGED

There are many paths to take, and lots of people willing to help.

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LET’S CONNECT

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Jan Triplett, Ph.D Phone: 512-933-1983 Email: [email protected] Follow me & BSC on twitter, linkedin & Facebook Please complete the eval & slide/meeting request Become a 1st Looks Mentee! Participate in LinkedIn Group: Mentor Zone

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Upcoming BSC BOSS Events OCTOBER  ACTIVITIES •  BOSS-­‐‑Talks  Inspiration  Online  Meetup:  How  I  Learned  to  Love  Retail  Noon-­‐‑1,  Monday10/27

NOVEMBER •  BOSS-­‐‑Talks  Infrastructure:  Are  you  Ready  to  Grow?,  Part  2  11:00-­‐‑11:30  Thursday,  11/6

•  Applications  due  for  November  First  Looks,  Nov.  10 •  BOSS-­‐‑Talks  Tech  Meetup:  MiniTrends,  Noon-­‐‑1,  Monday  

11/10 •  BOSS-­‐‑Talks  Inspiration,  Noon-­‐‑1,  Tuesday  11/18 •  First  Success  webinar:  Math  in  Your  Path,  5:30  Tuesday,  

11/18 •  First  Looks  Mentoring  Night,  Tuesday,  6:00  Nov.  18  

RSVP:  hNp://www.eventbrite.com/o/business-­‐‑success-­‐‑center-­‐‑219838170

©Business  Success  Center,  Aus6n,  TX  2014.  All  rights  reserved.     13  

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Here’s  to  your  success!  

©Business  Success  Center,  Aus6n,  TX  2014.  All  rights  reserved.     14  

 Jan  TripleN  •  [email protected]•  512.933.1983 #NoScaryBusiness