self employment for people with disabilities
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Self-Employment for Self-Employment for People with DisabilitiesPeople with Disabilities
Why Start Your Own Business?Why Start Your Own Business?
You want to do what you enjoy most.You want to do what you enjoy most.
You want to be your own boss. You want to be your own boss.
You want financial independence. You want financial independence.
You want creative freedom. You want creative freedom.
You want to fully use your skills and You want to fully use your skills and knowledge. knowledge.
You want to work from home.You want to work from home.
Do I Have What It Takes?Do I Have What It Takes?
Are you a self-starter?Are you a self-starter?
Do you get along well people and different Do you get along well people and different personalities? personalities?
Are you good at making decisions?Are you good at making decisions?
Are you able to plan and organize your time Are you able to plan and organize your time and projects well?and projects well?
Are you a hard worker?Are you a hard worker?
How will I balance my business and my How will I balance my business and my family? family?
Qualities of the Successful Qualities of the Successful Small Business Owner?Small Business Owner?
PassionatePassionate
DecisiveDecisive
Self StarterSelf Starter
ConfidentConfident
FlexibleFlexible
ResilientResilient
Risk Taker Risk Taker
ReliableReliable
CreativeCreative
Commitment Commitment
What Type of Business What Type of Business Do I want to Start ?Do I want to Start ?
Questions to Consider?Questions to Consider?
– What do I like to do with my time? What do I like to do with my time?
– What skills have I learned or developed? What skills have I learned or developed?
– What do others say I am good at? What do others say I am good at?
– How much time do I have to run a How much time do I have to run a successful business? successful business?
– Do I have any hobbies or interests that Do I have any hobbies or interests that are marketable?are marketable?
So You Want to Start Your Own Business…
9/049/04
10/0410/04
11/0411/04
11/0411/04
The Big Grand Opening! 11/04The Big Grand Opening! 11/04
So You Want to Start Your Own Business???
The Big Closing! 2/06
What Type of Business What Type of Business Do I want to Start ?Do I want to Start ?
Home Based BusinessHome Based Business
Internet Based BusinessInternet Based Business
Store Front/Brick & MortarStore Front/Brick & Mortar
Other…Other…
What Type of Business What Type of Business Do I want to Start ?Do I want to Start ?
Do I want to start a business on Do I want to start a business on my own?my own?
Do I want a partner? Do I want a partner? Several partners?Several partners?
Will it be an independently Will it be an independently owned business or…owned business or…
……do I want to buy a franchise?do I want to buy a franchise?
? ? ?
Can I Answer These Questions Can I Answer These Questions About My Business Idea?About My Business Idea?
Is my idea practical and will it fill a need? Is my idea practical and will it fill a need?
What is my competition? What is my competition?
What is my business advantage over my What is my business advantage over my competition? competition?
Can I deliver a better quality service? Can I deliver a better quality service?
Can I create a demand for my business? Can I create a demand for my business?
Do I have the necessary funds & financing?Do I have the necessary funds & financing?
Can I Answer These Questions Can I Answer These Questions About My Business Idea?About My Business Idea?
Is my idea practical and will it fill a need? Is my idea practical and will it fill a need?
What is my competition? What is my competition?
What is my business advantage over my What is my business advantage over my competition? competition?
Can I deliver a better quality service? Can I deliver a better quality service?
Can I create a demand for my business? Can I create a demand for my business?
Do I have the necessary funds & financing?Do I have the necessary funds & financing?
Small Business Financing
Questions to Consider:Questions to Consider:
– How much money will I need to How much money will I need to start my business?start my business?
– Where will I get it?Where will I get it?
– How will I use this money?How will I use this money?
– When do I have to repay it?When do I have to repay it?
Small Business Financing
Important Lender Considerations of ApplicantImportant Lender Considerations of Applicant
– Credit History/ScoreCredit History/Score
– Available CashAvailable Cash
– Borrowers CollateralBorrowers Collateral
– Work History:Work History:
Relevant Work ExperienceRelevant Work Experience
Managerial ExperienceManagerial Experience
Small Business Financing
Possible Financial ResourcesPossible Financial Resources
– Self-financing Self-financing – Bank loans Bank loans – Credit card debt Credit card debt – Family & FriendsFamily & Friends– InvestorsInvestors– Grants Grants
Putting It All On Paper?Putting It All On Paper?
Developing a Business PlanDeveloping a Business Plan
– Do I need to write a business plan?Do I need to write a business plan?
– Is it hard to write?Is it hard to write?
– When should I write it?When should I write it?
– Who will see it?Who will see it?
– What should be in the business plan?What should be in the business plan?
– How long should it be? How long should it be?
Business Plan BasicsBusiness Plan Basics
Executive Summary Executive Summary
Market Analysis Market Analysis
Company Description Company Description
Organization & Management Organization & Management
Marketing & Sales Management Marketing & Sales Management
Service or Product Line Service or Product Line
Funding Request Funding Request
Financials Financials
Appendix Appendix
Why Do Small Businesses Fail ?Why Do Small Businesses Fail ?
Insufficient PlanningInsufficient Planning
Inadequate ExperienceInadequate Experience
Poor LocationPoor Location
CompetitionCompetition
Inadequate Marketing & AdvertisingInadequate Marketing & Advertising
Unrealistic ExpectationsUnrealistic Expectations
Lack of MoneyLack of Money
General Small Business General Small Business ResourcesResources
www.sba.govwww.sba.gov
www.njsbdc.comwww.njsbdc.com
www.state.nj.us/njbusinesswww.state.nj.us/njbusiness
www.valleynationalbank.comwww.valleynationalbank.com
www.smallbusiness.comwww.smallbusiness.com
www.entrepreneur.comwww.entrepreneur.com
Disability Related Disability Related Small Business ResourcesSmall Business Resources
www.dol.gov/odepwww.dol.gov/odep
www.jan.wvu.edu/SBSESwww.jan.wvu.edu/SBSES
www.disabilityinfo.govwww.disabilityinfo.gov
http:// http:// lwd.dol.state.nj.us/labor/dvrs/DVRIndex.htmllwd.dol.state.nj.us/labor/dvrs/DVRIndex.html
http://www.vba.va.gov/bln/vre/smbus.htmhttp://www.vba.va.gov/bln/vre/smbus.htm
Anthony CamusoDirector of Operations
Partnerships for People, Inc.748 Morris-Essex Tpk.Short Hills, NJ 07078973-467-9808 x.114
Thanks for your Participation!