ten steps to entrepreneurial success

TEN STEPS TO ENTREPRENEURIAL SUCCESSPresented by Kendrick Staley

Civic Grind, Benefit L.L.C.

WHAT’S MORE IMPORTANT?

Time or Money

1. MASTER YOUR TIMEThe entrepreneurs most valuable asset is their time and must protect it.

As an entrepreneur you don’t have the typical boss standing over your shoulder so if you are not careful time wasters (Facebook, TV, excessive email checking) can negatively impact your productivity.

2. MASTER THE BASICSEvery entrepreneur needs to know a few fundamental concepts in Accounting, Finance, Marketing and Operations .

3. MIND YOUR MONEY A Quick Look At:

Start-Up Funding

Overnight Success

Importance of CashFlow Management

CROWDFUNDING (A NEW ALTERNATIVE)

4. DEVELOP A STRONG WHYThe “Why” you are doing it is more important than the “What”

You will be tested a strong “Why” will help you persevere

Your “Why” provides the passion

5. PLAN YOUR WORK, WORK YOUR PLAN

“IF YOU DON’T KNOW WHERE YOU ARE GOING, ANY ROAD WILL GET YOU THERE”

6. CHOOSE A TARGET MARKET

7. STAY LEAN

8. FORM STRATEGIC ALLIANCES AND PARTNERSHIPS

8. DON’T REINVENT THE WHEEL

9. ADD PROCESSES TO YOUR PASSION