Business & Change the World MBA Student (MUM 2013-14) Business Owner Consultant & Advisor GreenAge Specializing in Lean Management & Sustainable Business Operations
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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
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