Indian Interior Design Interior Designers Interior Design Home
Entrepreneurship for Interior Designers
-
Upload
rebecca-knapp -
Category
Business
-
view
389 -
download
2
description
Transcript of Entrepreneurship for Interior Designers
![Page 1: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/1.jpg)
WHAT IS
???
Rebecca Knapp, MBABusiness Science Division
![Page 2: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/2.jpg)
DEFINITION
Finding opportunity Innovation Starting a new business Effective management Bearing risk Creating value for your community
![Page 3: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/3.jpg)
WHY GO INTO BUSINESS FOR YOURSELF? The desire for independence & destiny The willingness to find and accept a
challenge Personal background “Had enough” of working for someone else Losing a job and deciding to start a business An idea for a new product An opportunity presents itself
![Page 4: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/4.jpg)
![Page 5: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/5.jpg)
101 – 102 = 1
101 – 102 = 1
![Page 6: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/6.jpg)
CHANGING PERSPECTIVE
Invention = NEW
Innovation = IMPROVING
Create a need for something that consumers don’t even know they need.
Cure a “pain”
![Page 7: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/7.jpg)
NEW NEEDS
![Page 8: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/8.jpg)
WHAT IS THIS?
A $60 Million Business!
![Page 9: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/9.jpg)
ENTREPRENEURSHIP The average entrepreneur fails THREE times
before succeeding
The average business takes 3-5 YEARS to make a profit
![Page 10: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/10.jpg)
![Page 11: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/11.jpg)
KEYS TO SUCCESS Don’t let naysayers stop you.
Share your idea with EVERYONE.
Expect jealousy.
Develop thick skin and strong intestinal fortitude.
![Page 12: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/12.jpg)
![Page 13: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/13.jpg)
LET’S START A BUSINESS!
![Page 14: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/14.jpg)
IDEAS:
![Page 15: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/15.jpg)
MISSION STATEMENTTo…
![Page 16: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/16.jpg)
MISSION STATEMENT A concise statement of
Target customers Products & services Markets served Use of technology Importance of public issues & employees Focus on survival, profitability & growth
![Page 17: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/17.jpg)
![Page 18: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/18.jpg)
MISSION STATEMENT EXAMPLES Aflac
To combine aggressive strategic marketing with quality products and services at competitive prices to provide the best insurance value for consumers.
Nike To Bring Inspiration and innovation to every
athlete in the world.
![Page 19: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/19.jpg)
MISSION STATEMENT EXAMPLES Barnes & Noble
Our mission is to operate the best specialty retail business in America, regardless of the product we sell. Because the product we sell is books, our aspirations must be consistent with the promise and the ideals of the volumes which line our shelves. To say that our mission exists independent of the product we sell is to demean the importance and the distinction of being booksellers. As booksellers we are determined to be the very best in our business, regardless of the size, pedigree or inclinations of our competitors. We will continue to bring our industry nuances of style and approaches to bookselling which are consistent with our evolving aspirations. Above all, we expect to be a credit to the communities we serve, a valuable resource to our customers, and a place where our dedicated booksellers can grow and prosper. Toward this end we will not only listen to our customers and booksellers but embrace the idea that the Company is at their service.
![Page 20: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/20.jpg)
OUR MISSION STATEMENTQuestions Answers
What does our team want to be known for?
How do we want to treat each other?
What kind of workplace do we want to have?
What unique talents and skill does each person bring to the team?
What do we want to achieve?
What unique contributions can we make?
![Page 21: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/21.jpg)
LEGAL ORGANIZATIONLLC or not to LLC, that is the question.
![Page 22: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/22.jpg)
TYPES OF BUSINESSES Sole Proprietorships LLC Partnerships Corporations
C Corp S Corp
Franchises Coops
![Page 23: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/23.jpg)
FORMS OF BUSINESS OWNERSHIP
![Page 24: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/24.jpg)
FRANCHISE CONTRACT
Branded Product / Service
Performance Monitoring
$$$$$
$$$$$
![Page 25: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/25.jpg)
CITY REQUIREMENTS http://rebeccaknapp.webs.com/entrepreneurshi
p.htm
![Page 26: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/26.jpg)
MARKETING PLANPromotions and Social Media
![Page 28: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/28.jpg)
THE 4 P’S
• •
• •
Price Product
PlacePromotion
![Page 29: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/29.jpg)
PROMOTIONAL TACTICS Personal Selling Sales Promotion Public Relations Direct Mail Coupons Demonstrations Exhibitions Social Media Special Events
Advertising Sponsorship Web Sites Trade Shows Sampling Sweepstakes Publicity Stunts In-store Displays Contests
![Page 30: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/30.jpg)
PROMOTIONAL MIX & TACTICS
![Page 31: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/31.jpg)
PRICE LIST ANDSALES PROJECTIONSSales Forecasting
![Page 32: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/32.jpg)
SALES FORECASTING
Let’s
Practice!
![Page 33: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/33.jpg)
FINANCES
![Page 34: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/34.jpg)
START-UP CALCULATOR www.entrepreneur.com/calculators
Let’$ Get $tarted
![Page 35: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/35.jpg)
TOOLS & RESOURCES
![Page 36: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/36.jpg)
TOOLS & RESOURCES SPECIFICALLY FOR INTERIOR DESIGNERS
Entrepreneur.com – Business Idea Centerhttp://www.entrepreneur.com/businessideas/interest
http://tinyurl.com/k3y5pzs
International Interior Design Associationhttp://tinyurl.com/mztc32e
Meetup.comhttp://tinyurl.com/kgdcmhw
![Page 37: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/37.jpg)
ARTICLES AND THOUGHTS FOR INTERIOR DESIGN ENTREPRENEURS Entrepreneurial flair: how to start and manage a
creative businesshttp://tinyurl.com/mck9umh
Are you an Entrepreneur, or is Interior Design your Hobby?http://tinyurl.com/3xp2jye
How to Find Ways to Market and Interior Design Businesshttp://tinyurl.com/mg5tkmz
Entrepreneurial Secret Sauce- Using Interior Design to Increase Motivation and Productivityhttp://tinyurl.com/keb9vql
Interior Design Entrepreneurship Certificatehttp://tinyurl.com/lmjvbza
![Page 38: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/38.jpg)
ORGANIZATIONS
![Page 39: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/39.jpg)
SMALL BUSINESS DEVELOPMENT CENTERS Small Business Development Centers (SBDC)
http://www.sba.gov/aboutsba/sbaprograms/sbdc/index.html
Funded jointly by the federal government and individual states.
SBDCs are able to evaluate the feasibility of your idea, develop your business plan and complete your funding application – for no charge.
![Page 40: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/40.jpg)
SCORE SCORE Orange County:
http://www.score114.org/
SCORE is a nationwide nonprofit organization dedicated to the formation, growth and success of small business.
A resource partner with the U.S Small Business Administration (SBA)
![Page 41: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/41.jpg)
AMERICAN SOCIETY FOR INTERIOR DESIGNERS ASID Business Strategies Courses
http://www.asid.org/businessstrategies
Sustainability Action Plan Finance 101 for Interior Design
Businesses Ethics and Ethical Businesses Practices
![Page 42: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/42.jpg)
APPS
![Page 43: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/43.jpg)
ENTREPRENEURSHIP APPS
![Page 44: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/44.jpg)
BUSINESS MANAGEMENT APPS
![Page 45: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/45.jpg)
MARKETING APPS
![Page 46: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/46.jpg)
ACCOUNTING APPS
![Page 47: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/47.jpg)
HUMAN RESOURCES APPS
![Page 48: Entrepreneurship for Interior Designers](https://reader034.fdocuments.in/reader034/viewer/2022042518/54841431b479590f0d8b4a6e/html5/thumbnails/48.jpg)
FRANCHISING APPS