Learning objective
To motivate and enable your to create your own business. Your own independent start-up company or your own profit center, nested into a big company host.
If you want a fix salary, if you don’t want to be alone, create a side business during your spare time, with family and friends or a profit center in your company with success sharing agreement
Survey. Votes from this blog community
Do you intend, within 12 months, to create your own business ? Y / N
Why you should create your own business ?
To be financially free as soon as possible. EUR 1’500’000 net assets
To be socially responsible
To create jobs
To move the world forward your way
To have more fun
How to start trading ?
1. Sell something to somebody (e-bay or direct to friends)
2. Purchase somewhere what you just sold at 20 % less than the sales price
Exercise
Three start-up companies
In the management consulting business: “Six Figures Business Booster”
In the web business: “Intranet Indira”
In the private banking business: “Passion Investments”
Evaluating the quality of your business plan
Structure
Feasibility
Comprehensive approach
Passion Investments
Business: Advices in investments and fund raising
Product: Help investors to invest in their passion and help Institution to collect private finances
Market: Private bankers and Institutions
Revenues: 5 to 10 % of the transaction
Benefits for bankers: customer intimacy and loyalty
Benefits for Institutions: low cost fund raising
Open University Web Site
Business: Education services
Product: A web site that help Universities to sell their courses
Market: Managers looking for competence –oriented education
Idea: Sell Universities as courses and competencies provider and not as program providers
Price: Universities pay 5 Euros for each 28 Euros unit sold through the site
Benefit for Universities: 20 % more revenues with no additional costs
Intranet Indira
Business: Consulting in organization
Product: An intranet for low-cost knowledge management
Pricing: 20-day works for 20.000 Euros. Reselling consultant in organization and intranet ( Buy at 500 Euros per day and sell 1.000 Euros per day)
Benefit: Reduce labor cost by reducing double tasks ( 17 %)
Client: HRD
Six Figures Business Booster
Sector : Management consulting
Product: A simple scoreboard to lead a business unit
Pricing: 20-day work for 20.000 Euros
Customers: BU managers
Benefit: Grow the business 10 % over the market
Rebound Executive Outplacement
Sector: Executive outplacement
Product: TopTen coaching
Pricing: 100.000 Euros for 10 managers to outplaced
Customers: HRD of enterprise cutting their jobs
Sales channel: Partnership with an executive search company
The deal with the future managing director. A low risk approach
Your profile
Get a classical job and start the business on the side
Test yourself as an entrepreneur. Sell the program to only one customer for 20 K and be paid 5K for the sales
Set up a local franchise business and get shares
Create a new Business Unit
Your own business idea
5 points for the business idea. Relevance to the market. Feasibility
5 points for the business plan. Follow the rules
5 point for the manager Serious, prepared
