Start a Business &

Change the World

MBA Student (MUM 2013-14)

Business Owner

Consultant & Advisor

GreenAge

Specializing in Lean

Management & Sustainable

Business Operations

Starting Your Own Business

Merriam-Webster – “the activity of

making, buying, or selling

goods or providing services in

exchange for money”

What is a Business?

What Is Money?

MONEY should be considered an EXCHANGE for VALUE

When Your Company Provides VALUE to its Customers, then the Acceptable Return to the Company is in the Form

of Money,

What Is Money?

Starting Your Own Business

1. Know Your Why …

2. Have a Clear, Passionate & Motivating Vision

3. Define Your Skills – Form Strategic Alliances

4. Who is Your Customer and What Do They Want?

5. Plan, Follow Through and Adjust

6. NEVER Stop Communicating with Your Customer

The Six Steps to Get You Started

WHY Am I Starting a Business?

• What is Your Motivation?• Money or Passion

• Lifestyle, Control Your Destiny

• I Have A Great Idea

• Change the World for the Better

The “Old” Paradigm of Business

• Make it FAST • Make it for the LOWEST COST • SELL it for the HIGHEST

PRICE• Let Someone Else Worry

About the WASTE

Cradle to Grave Paradigm

Design the “New” Paradigm into Your

Company• Create REAL Value for Your

Customers Without a Higher Cost (Price or Environment)

• Value Given = Money Received

• Embed Sustainability into Your Company

• Waste = Food (Closed Loop System)

Cradle to Cradle Paradigm

Closed Loop System

Do I Have The Necessary Character

Traits?

Core Traits – The 3 P’s

•Passion

•Persuasiveness

•Perseverance

Do I Have The Necessary Skills?

• Are You a Risk Taker?• Are You Independent?• Are You a Decision Maker?• Are You a Negotiator?• Are You Creative?• Do I Have the Support of

Others?

Collaboration or Strategic Alliances

• The HEART of Your Business Is Not You!NO CUSTOMERS … NO BUSINESS

• What Kind of Difference Do I Want to Make in the Lives of My Customers?

The Truth is… It’s NOT About YOU!

The Practical Part – Planning & Action

• Vision/Mission Statement

• The Business Plan

• Do It – Implement Your Plan

The Practical Part – Planning & Action

Vision and Mission Statements

• Vision Statement – Your Guiding

Light• The Big Picture/Long Term

• Optimal Desired State Without Limits

• Mission Statement – Present State

Focus• Description of the Company

• What it Does, Who It Does if For & How It

Does It

U.S.P

Your Business Plan

• Vision Statement• Mission Statement• Executive

Summary• Business

Description• Products and

Services• The Market• The Competition• Marketing Strategy

& Sales

• Development• Operations• Management Team• Risk/Opportunity

• Financial Summary• Capital Requirements • Statement of

Confidentiality & Non-Disclosure

www.liveplan.com

Create An Action Plan

• Have the End in Mind - Know Where You Are Going

• Be Specific and Have Measurable Milestones • Timelines and Accomplishments

• Make of List of What You Need To Do Then Break It Up Into Manageable Tasks

• Create A Visual Representation• Work Your Plan & Don’t Stop Until

Complete

Resources

• Search Engines (google, bing, etc) - 2M hits

• SBA.gov – Information, Education, Online Training, Local Assistance, Loans & Grants

• S.C.O.R.E. - score.org Service Corps of Retired Executives, now recognized as, "Counselors to America's Small Business.”

• Business Plan in the Cloud – liveplan.com

• Business Incubator on Campus at MUM

Starting Your Own Business

• There are better reasons to start a business than to just make money. Find a Passionate Vision and…

………..Change the World……………• Your Customer is the Life Blood of Your

Business. Put them First and NEVER Stop Communicating

• Form Strategic Alliances to Fill the Gaps

• Plan, Follow Through, Adjust, but NEVER Give Up!

Conclusion

Start Your Own Business & Change the World

Start a Business & Change the World

MBA Student (MUM 2013-14)

Business Owner

Consultant & Advisor

GreenAge

Specializing in Lean Management &

Sustainable Business Operations