Starting Your Own Business Renee Williams EDTC560 University of Phoenix Susan Ferebee.

Starting Your Own Starting Your Own BusinessBusiness

Renee WilliamsRenee WilliamsEDTC560EDTC560

University of PhoenixUniversity of PhoenixSusan FerebeeSusan Ferebee

IntroductionIntroduction

Self MotivatedSelf Motivated

DisciplinedDisciplined

AmbitiousAmbitious

DetailedDetailed

OrganizedOrganized

People SkillsPeople Skills

YOU WILL WORK YOU WILL WORK

WITH PEOPLE IN WITH PEOPLE IN

SOME SHAPE, FORM SOME SHAPE, FORM

OR FASHION!OR FASHION!

Vision/Mission StatementVision/Mission Statement

Know what product or service you want to Know what product or service you want to sell and make a vision/mission statement.sell and make a vision/mission statement.

Business PlanBusiness Plan

Layout a plan to accomplish what you want and Layout a plan to accomplish what you want and be very detailed.be very detailed.

Think at least one year in advance to financially Think at least one year in advance to financially carry your business.carry your business.

StrategyStrategy

Develop a business Develop a business strategystrategy

Pull from Pull from educational and educational and personal personal experiences.experiences.

Be creative and Be creative and detaileddetailed

SuccessSuccess

How will you build How will you build your business?your business?

OthersOthers

Pull from the criticism of others to Pull from the criticism of others to find ways to improve on plans and find ways to improve on plans and business strategies you have set.business strategies you have set.

Always ask customer how was their Always ask customer how was their experience and what could have experience and what could have been done to make it better.been done to make it better.

Frustration/AnticipationFrustration/Anticipation

Always remember Always remember there will be good there will be good months and bad months and bad months in months in business.business.

Stay focused at all Stay focused at all times.times.

Employees work Employees work just as hard as they just as hard as they see you working.see you working.

ConclusionConclusion

Brain storm.Brain storm. Plan ahead.Plan ahead. Stick to the budget.Stick to the budget. You can always You can always

make make improvements.improvements.

Ups and downs.Ups and downs.