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Life as an Entrepreneur

Life as an Entrepreneur. Presented by Roger Pierce (30 minutes). Canada’s top career choice. You won’t be alone! 3 Million entrepreneurs 16 % of all workers 1000s of clubs, groups, associations “Most respected occupation”. Why are people starting up?. Easy technology Cheap to launch

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Life as an Entrepreneur

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  1. Life as an Entrepreneur Presented by Roger Pierce (30 minutes)

  2. Canada’s top career choice • You won’t be alone! • 3 Million entrepreneurs • 16% of all workers • 1000s of clubs, groups, associations • “Most respected occupation”

  3. Why are people starting up? • Easy technology • Cheap to launch • Worldwide marketplace – sell anywhere • Attractive lifestyle • Everyone else is doing it!

  4. What’s it like? • Wake up with enthusiasm • Work with people you like • Clock moves too fast • Uncertainty, fears • Lots of learning • Satisfaction

  5. Benefits of self-employment • Set your schedule & priorities • Apply your passion • Control, autonomy, authority • Be your own boss • Joy!

  6. Negatives • Multitasking • Risk (financial & emotional) • 50% fail within 5 years • Surprises

  7. About money • Forget “get rich quick” • Average income: $38,000 • 75% self-employed are millionaires • Startup Budget = capital + 6 months working cash • Cash flow is King

  8. Entrepreneurship myths • Do one thing only • It’s all about the idea • Need a lot of $ to start • It’s easy

  9. Finding startup ideas • Three options to get into business: • Buy a business for sale • Buy a franchise • Start a new one • Read books, magazines & websites • Attend shows, talk to people • Study the marketplace to copy & improve an existing idea

  10. Success traits • Good with people • Communications skills • Problem solving • Confidence • Work ethic/discipline

  11. Success secrets • Specialize in something • Plan 3 years • Listen more than you talk • Get advisors • Allow enough time & money • Always be selling

  12. Your perfect business • Know what you want (clear goals) • Build your business to serve you • Automate • Work with happy people • Do something you love.

  13. THANK YOU! Free advice at NewcomerStartup.com

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