Starting Your Own BUSINESS_PPA

Starting your own
BUSÌNESS
Presentation Outline Presentation Outline
Thinking Beyond the Box
DiIIerent Types oI Individuals
Master SelI
Personal Entrepreneurial Characteristics (PECs)
Rewards oI Entrepreneurship
Risks oI Entrepreneurship
Master Opportunity --- Motivations
Master Set-Up --- Process Flow
7 P`s oI Business Success
Business Opportunities
2010 Investment Priority Plan
Thinking
Beyond
the Box
at do you see?
Thinking
Beyond
the Box
at do you see?
Thinking
Beyond
the Box
How many
faces do
you see?
Thinking
Beyond
the Box
at do you see tis time?
DiIIerent
Types oI
Individuals
Te Hard-Pressed Attitude
Te Ordinary Attitude
Te Successful Attitude
WHICH ONE ARE YOU?
His Actions:
"Wala na akong magagawa ÷ kasalanan ito ng
gobyerno."
(y is it tat tose wo complain about unemployment
are busy drinking/ catting around sari-sari store corners
day-in and day-out?)
DiIIerent
Types oI
Individuals
"Te Hard-Pressed Attitude¨
"Lumaki akong mahirap, mamatay akong mas
mahirap pa sa daga"
His Actions:
"Bahala na, pwede sigurong tumaya sa lotto ÷
baka manalo ng jackpot."
(y is it tat people line up very early in te morning
outside betting stations to take teir cance at games
instead of taking free vocational courses from government
institutions/ private foundations?)
DiIIerent
Types oI
Individuals
"Te Ordinary Attitude¨
"Ganito ako ngayon, okay lang na ganito ako
bukas, darating din naman ang swerte"
His Actions:
"Kakausapin ko yung contact ko sa office ÷ mag-
susupply ako ng 'packed lunch,' masarap naman
ang luto ni Mama."
(Ì noticed tat tere are so many "manangs and ates¨ tat
deliver corporate lunces to buildings tat do not ave
canteens.)
DiIIerent
Types oI
Individuals
"Te Successful Attitude¨
"Pahirap nang pahirap ang buhay. Kailangan nating
maghanap ng paraan para umasenso tayo."
Vasler-
3ELF
"The life you live is the result of the many choices
you make in life."
"Your decisions, not your conditions, determine you
DESTINY"
Coose ten Cange!
Stages of Change: (Elizabeth Kubler Ross)
er|a| Arger 8arga|r|rg
epress|or Acceplarce
o Moved my Ceese?
Dream Big, Start Small
1. Break down te big dream into small,
manageable bits.
You want to start a restaurant business? Start by
enrolling for a short course. Then offer to cater to
friends or family and take it from there.
2. Celebrate small successes along te way
3. Learn to say "tank you¨ every single step of
te way.
Vasler-
3ELF
Employee or Entrepreneur?
BOTH!
Ex. Ricie Cuna, owner of Fiorgelato
"Are you te 15/30 type of person? ill you settle
for status quo? Or will you callenge yourself and
go out of your comfort zones¨
Dare to Fail!
Vasler-
3ELF
Fear of Failure?
Rationalize te fear by asking te question?
1. at is te worst ting tat could appen to me
if Ì fail?
a. ill Ì die? No.
b. ill Ì end up in jail? No.
c. ill Ì lose my entire savings? Probably, yes.
But Ì'm still working and Ì can save again.
"To live a life in fear is to live a life
alf-lived.¨
Vasler-
3ELF
1le coNegosyo foimula
DkIAM-IIIIIVI-AcHIIVI
GOALS/ COMMÌTMENT/ MÌLESTONES
Vasler-
3ELF
VÌSÌON/ PASSÌON/ ACTÌON
In reality, these words mean-
In business parlance, these are termed-
SELF
ASSESSMENT
10 PersonaI EntrepreneuriaI
Characteristics
o Acievement Cluster
o Planning Cluster
o Power Cluster
SELF
ASSESSMENT:
Achievement
Cluster
1. Continuously look for opportunities to improve
(Opportunity-Seeking)
2. Never give-up (Persistence)
3. Commitment to business and work to keep
te business up and running (Commitment)
4. illing to take te risks (Risk-taking)
5. Demand for Efficiency and Quality
10 PersonaI EntrepreneuriaI
Characteristics
SELF
ASSESSMENT:
!lanning Cluster
6. Goal Oriented (Goal Setting)
7. Be creative and innovative (Ìnformation
Seeking)
8. Systematic Planning and Monitoring
10 PersonaI EntrepreneuriaI
Characteristics
SELF
ASSESSMENT:
!4er Cluster
9. illingness to listen and learn
(Persuasion and Networking)
10. Have a positive attitude and approac
(Self-Confidence)
10 PersonaI EntrepreneuriaI
Characteristics
Rewards oI
Entreprene
urship
o Have unlimited opportunity to make money
o Be your own BOSS
o Tap your CREATÌVÌTY
o FULFÌLLÌNG
o Building an Entrepreneurial LEGACY
o Able to HELP oters
Risks oI
Entreprene
urship
4 Prone to failure
4 Unpredictable and always canging business
conditions
4 Requires long ours of work
4 Requires a great deal of responsibility
4 Returns of your investment migt take a wile
4 Profits are not fixed and cannot always be
expected
4 Problems of Ìncompetent Staff are expected
at's Your Motivation to Go into
Business?
"l´ve oeen on rn|s rour|ne ¡oo lor rne pasr 20 years - 3DRlhS h/| Vayoe |r´s
r|me ro ço |nro ous|ness venrure para mas exo|r|nç.´
"3y ço||y| Every morn|nç l´m |n rn|s rur u|rn a narr-ro-p|ease ooss - nou
lrusrrar|nç| wnar ous|ness oan l ço |nro ro esoape rn|s ne|||sn p|aoe ano oev|||sn
ooss?´
"wou, n|s ous|ness |s oo|nç ue||. l nave ooserveo nou prol|rao|e n|s ous|ness |s.
l oan oopy n|s ous|ness ano çer |ors ol money.´
"l reoenr|y arrenoeo rn|s sem|nar |n rne ma||. Tne speaker prom|seo rnar |l l çer
n|s lranon|se, l oan earn m|n|mum ol PJ0,000 per monrn. Vaoa|| na, yayaman
pa ako.´
"l uanr FREE0DV. l´|| oe my oun ooss u|rn my oun r|me ro oo unarever l uanr.
l oan ser up a ous|ness ano |er my peop|e oo rne uork un||e l en¡oy my
FREE0DV anyr|me l uanr ro.´
Vasler-
0PP0RTuNlTY
Ie in tle IL8INI88 íoi
tle kIcH1 ieasons..
Ie HONI81
witl YOLk8IIf
DkIAM8 aie fkII.
"Wlat youi mind can DkIAM, youi leait must
IIIIIVI and youi lands can AcHIIVI"
1le coNegosyo fOkMLIA:
DkIAM-IIIIIVI-AcHIIVI
Heniy 8y oí 8M
8ocoiio kamos oí National Iookstoie
1ony 1an caktong oí }ollibee
}ulie candionco oí }ulie`s Iakeslop
ciace cupana oí AI8 Heibs
Di. Vicki Ielo oí Ielo Medical cioup
1le DkIAM8 weie tianslated to PA88ION,
tlen PA88ION became Ac1ION and
Ac1ION biouglt tlese fIIIPIN IcON8 like
1. Self Analysis
2. Considering oter Factors
3. Determining your Product/Service
4. Prepare Business Plan
5. Raise Capital
6. Coose Business Location
7. Registering your Business
8. Hire/Train Personnel
PROCESS FLO
Vasler-
3ET-uP
7P`s oI
Business
Success
1. YOU
o Personal Fit and Passion
2. YOUR PRODUCT
o Product Offering and Positioning in your
coice of market
3. YOUR OPERATÌON
o How you make a profitable operation
leading to Payback of initial investment
and Potential Growt
4. YOUR MOST ÌMPORTANT STEP
o Prayer
Business
Opportunities
CIustering Approach
Bukidnon Hig Value Vegetables
Camiguin Tourism
Lanao del Norte Aquaculture
Mis. Occidental Aquaculture
Mis. Oriental
Metals, ÌCT, Processed Food,
Multi-Fiber
2010
Investment
Priority
Plan
1. Tourism
2. BPOs
3. Electronics
4. Mining
5. Energy
6. Pysical Ìnfrastructure (railways, telecoms, toll roads, etc)
7. Logistics (passenger terminal, cold storage, ÌT enabled
wareouses, etc)
8. Green Projects
9. aste Management Facilities
10. Renewable Energy
11. Ìndustrial Forest
12. Calamities and Disaster Projects
13. Creative Ìndustries
14. Knowledge Ìndustries
15. Food Security
16. Housing
17. Job Security
18. Drugs and Medicines
19. ater Supply
20. Manufacturers of Export Product
21. Export Services
22. Activities in support exporters
2010
Investment
Priority
Plan
Remember, e all
ave SKÌLLS and
TALENTS tat we
can convert to
PRODUCTS tat
people are willing to
PAY for.FÌND tat
CHE
Setting up a BUSÌNESS is
NOT an overnigt decision
THANK YOU AND HAVE A
BLESSED WEEKEND
End oI Presentation