Birthing Your Business - Entrepreneurship Empowerment Seminar

BIRTHING YOUR BUSINESS
Entrepreneurial Empowerment Seminar
Rock of Hope, International Ministries
30th Anniversary Convention
October 20, 2013

Miguel Graham, Empowerment Coach
Email: miguelg.tech@mail.com
Tel: 876-471-2067
(c) Miguel Graham 2013 - All rights
reserved - miguelg.tech@gmail.com

1

Success comes when you
change wishing into doing!


2

Success is a decision… followed by
massive actions
-Alvin Day


3

Are their dreams and purpose inside of
you that will be taken to the grave
because you lack the ability to take
action and discipline?


4

To be successful in achieving
your purpose/ dream you will
need:
Commitment
 Accountability
 follow-through


If you do not have the discipline to do it
get the services of an empowerment
coach.


5

You must Believe
Believe Like Leaders
 Behave Like Leaders
 Become Great Leaders
 Build The Business as Leaders



6

You must first discover your purpose
or dream then believe it.
 Because you are as strong as your
belief system.
 What God says is for you, it is for you.
 You cannot write the plan you just fit in
it and watch God work. Like a potter
molds the clay.



7

Who Am I, Why Am I Here and Where
Am I Going?
Have you ever asked yourself these
questions?


8

Connection with purpose will bring
conception
 Am I feeling contracts?
 Do I have fire in my belly?
 Which stage are you?



9

What is inside of you?
What purpose, passion or dreams did
God wire you with?
How do you discover it?
When your find your purpose what's
next?


10

Talk to your self
Ask yourself:
 What gifts and talents are naturally in
me?
 What skill am I competent in?
 What is my temperament?
 What are my strength and
weaknesses?



11

What do you need for each
phase of Birthing?
Conception
 Contracts of Labour signs
 Pushing stage
 New born
 Early days
 Health Growth
 Mature
 Succession



12


13

What did you give birth to?

Baby or Dwarf?


14

Opportunities


What opportunities exist in a bad
economy?


15

BUSINESS DEVELOPMENT

The Techniques and Skills
needed to effectively and
efficiently operate your business


16

Choosing Your Business
Types of businesses
What are you good at (skills & talents), what is in demand that will sell

Legal points
Find out the legal ways of operating the business you are getting into.
For e.g. the parish laws; KSAC etc


17

Keys to Success
Identifying your mission
“A mission describes the organization's basic function in society, in terms of
the products and services it produces for its customers”.

Creating a Mission Statement
A mission statement is a short written statement for the purpose of a
company or organization .Ideally, a mission statement guides the
actions of the organization

Setting measurable goals
(being realistic in projections for e.g. buying $50,000 goods and
projecting sales for $1,000,000)

Stages of growth.
Have plans put in place for future growth such as; financial, employees,
products etc
(c) Miguel Graham 2013 - All rights reserved miguelg.tech@gmail.com

18

Market Research
The benefits of market testing
To test multiple marketing scenarios and select the most
promising for expansion. Every dollar you spend in
market testing will save you many dollars of losses later
on in the marketing process.

finding your target market
(who are you selling to or providing service for)

adjusting to market changes
(the demand increases or decrease may caused by climate,
inflation)

19

Legal Requirements and Resources
Types of legal requirements

Legal resourcesIt is good to know a lawyers or how to get one

RegulationsRoad regulations, building regulations etc

Licenses and permitsRegister business, food handlers permits, barber/ hairdresser license

Local requirementsBuilding codes etc

20

Your Business Structure
Choosing a structural status
Own, rent or leasing

 Plant and equipment needs
Type of equipments or machine needed to operate business

 Describing your inventory
(what you need for the business success, having the right amount
in stock)

 Your management structure
Competent mangers and leadership styles

Staffing considerations
(qualified, experience, customer friendly)

21

Basics of a Business Plan
Business information
your industry
your financial plan
background research
getting started
researching costs and pricing (of
other businesses in the same industry to guide on
how you will price your products)

22

Writing a Business Plan
Introduction and Overview:
Mission Statement, Objectives, keys to success, products
and services, and Target Customers etc.

The Industry section:
Market Analysis, Target Market, Competitive
Analysis, Strategy & Implementation (Sales & Marketing)

Financials:
Where the business is at present and future projections (cash
flow, profit & loss, balance sheet etc)

23

Marketing that Works
Your Marketing Plan
advertising campaignsradio (TBC etc), TV, print, internet, word of mouth (friends, family,
drinking partners etc)

public relations campaigns
For public awareness, who are you trying to reach

marketing resourcesbusiness cards, fliers, brochures etc

promotions and publicitySales, customer appreciation day

finding the right strategy for your
business.
What best works for your type of business

24

Preparing a Budget
Estimating costs and expenses;
Forecasting sales volume;
Seasonality, demands etc

Pricing strategies;
To what goods are being sold for in the market

Making financial projections;
How much will be spent on business v.s. how much will be
made

Performance measures
How is my business performing, evaluate

25

Financing Your Business
Finding the right financing;
types of financing such as; Should I finance my business myself with my
savings and investments or should I borrow from banks and other lending
institutions in order to avoid undercapitalization.

Savings
Family
Loans

26

Building a Team
Hiring the right people
Trained, professional, qualified

Internal customer service;
suppliers, distributors and experts

Referrals and recommendations.
When you offer good services your clients can give you referrals or
recommend you to other


27

Business Connections
Building and maintaining your network
A system of people, businesses or things-to build or maintain a informal
relationship with people

 Successful networking
Names, contact information (telephone #, address, email address)

 Developing community contacts
People or business in your geographical area


28

Keeping Business Records
The importance of keeping records;
In the event that you need evidence in a court of law, for claims

bookkeeping basics;
(journals, receipt books etc)

computerized accounting;
( such as quick books offered by our BSC)

record keeping for tax purposes
line item descriptions;
(goods sold cost etc)

income statements
financial statements
( balance sheet, profit & loss statements etc)


29

Retirement Plan
It is important that we save or invest for
the future while we are still able to work
 Gain

financial knowledge
 Create an investment portfolio
 Save, Save, save!


30

Thank you for
Participating.

Questions?

31

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