Presentation is loading. Please wait.

Presentation is loading. Please wait.

Your Presenter Bob Voss Business Entrepreneur Faculty DCTC Owner-BizOwner Training LLC ALE-Constant Contact®

Similar presentations


Presentation on theme: "Your Presenter Bob Voss Business Entrepreneur Faculty DCTC Owner-BizOwner Training LLC ALE-Constant Contact®"— Presentation transcript:

1 Your Presenter Bob Voss Business Entrepreneur Faculty DCTC Owner-BizOwner Training LLC ALE-Constant Contact®

2  Entrepreneur and BizOwner who has started and run five businesses.  Inventor-two patents on Optical Code Technology  Raised a lot of money from Angel Investors  Business Entrepreneur faculty member at Dakota County Technical College  2008 National Business Entrepreneur Instructor of the Year (NACCE)  Counselor with the SBDC  In eleven years has helped over 1000 students and 300 clients with the SBDC start businesses  New Biz author and creator of on-line assessments

3  There is more than one way to start a business in Minnesota! Most people start a new business from scratch! You can buy an existing business-www.bizbuysell.com! You can buy a franchise-The entrepreneurs source!  A new model for income called a “portfolio career”! Doing multiple things to generate the income you need! I strongly believe in this model, I am an example! One of the multiple streams of income should be your own business! Set specific periods of time to work on each stream

4  How many new businesses start each month in our state? 5500  Are there more product or service businesses starting in our country? Service  What Percentage of businesses starting today have one or more employees? 24%  What percentage of businesses SURVIVE the first year of operation? 75%

5 STEP #1: DECIDE you have what it takes to start and grow a business! Is being a BizOwner right for you? STEP # 2: CHOOSE the best business for YOU to start! Will the new business meet your financial goal? Do you have confidence your new business will succeed? STEP #3: PLAN the new business. You must create a simple business plan for your new business!

6  BizOwners are made, not born! Anyone can learn to start and run a successful business!  Take the assessment “Would I Make A Good BizOwner?” (Sent to you in PDF format)  www.SBA.gov “Thinking of Starting a Business”  Three important HABITS for new BizOwners: New BizOwners need to develop the promotion habit! New BizOwners need to develop the connection habit! New BizOwners need to develop the proof habit!

7  Create a one page overview for your new business! Use Assignment #1 sheet-Handout For multiple biz ideas, create a separate sheet for each biz! Always say what you have written OUT LOUD!  Your first goal is a financial goal! Use the Will My New Business Meet My Financial Goals-worksheet to help with this decision! (PDF)  Do “The Interview Assignment” to verify that the business you want to start is right for you! E-Book sent to your e-mail!  Confidence Booster: Take the “Will My New Business Succeed?” assessment! Assessment is available on line for $10. Username and password good for three uses.

8  Why Business Plans are so important! Business Plans help guarantee success! Business Plans give confidence you are starting the right Biz! Business Plans force you to do financial projections!  My Experience with Business Plans! Written over 25 Business Plans (used to raise $6M)! Taught a formal 3-credit Business Plan class over 38 times! Graded over 1200 business plans!  Why the 21 Question Business Plan™ Works! Fast and Easy-You Should be able to complete your plan in 12-24 hours! You don’t have to be a good writer to create your plan! Questions are the exact questions people are going to ask you anyway! BRAND NEW!! 21 QUESTION BUSINESS PLAN BOOK!!! -$25 TODAY (On-line at Amazon for $27) -Includes the $10 “Will My New Business Succeed?” Assessment for FREE!

9  Select the right business entity for your business! Personal vs Business liability issues! Save money on the taxes you owe! How much paperwork is involved? Website to file: www.sos.state.mn.us (annual renewals req.)www.sos.state.mn.us  Obtain your EIN number! Called an SS4 File with the IRS on-line at www.irs.govwww.irs.gov  Get a separate Business Checking Account! IRS wants you to use this account to buy stuff for the Biz!  State Tax Id (don’t forget sales tax)! File at www.revenue.state.mn.uswww.revenue.state.mn.us  You should have a Company record Book! Don’t forget-you are required to hold and document an annual meeting each year of the business!

10  BOB’S CONTACT INFORMATION Office Phone 651-423-8356 Cell Phone 612-202-6627 College E-Mail bob.voss@dctc.edubob.voss@dctc.edu Biz E-Mail bob@21questionbusinessplan.combob@21questionbusinessplan.com www.21questionbusinessplan.com


Download ppt "Your Presenter Bob Voss Business Entrepreneur Faculty DCTC Owner-BizOwner Training LLC ALE-Constant Contact®"

Similar presentations


Ads by Google