New business start-up slides

1. Module 2 Graham Royce 29 th October 2008

2. Some Starting Points… CEB EI TV etc etc etc; Dragon’s Den , The Apprentice , Last Millionaire Standing Enterprise Platform Programmes - Government Support - Yourselves Irish DRAGONS (FROM LEFT) SEAN GALLAGHER , SMARTHOMES; BOBBY KERR , INSOMNIA; SARAH NEWMAN , NEWMAC EQUITY; NIALL O'FARRELL , BLACKTIE; GAVIN DUFFY , DORLAND TRAINING.

10. 4. Compliance. Report your company’s incomes, expenses, and payroll accurately to the IRS. 5. Insight and Decision Making . Make informed decisions – based on good market research and price your product or service for profitability – with financial reports to guide the way 6. Funding. To be considered for a loan or investment, you’ll need complete financial statements. 1. Cash Flow. Track the money going in and out of your business. 2. Manage Sales. Know and understand your customers through consolidated records. 3. Production. Obtain goods and services. Apply for and establish credit with your vendors. YOUR BUSINESS 7. Planning & Roles Business Plans Marketing Plans Day to working plans Future

11. Communication Opportunity Resources Team ➨ Business Plan Central Ambiguity Creativity ➨ Exogenous Forces Leadership ➨ Uncertainty Capital market Entrepreneur Sustainability is the key to success originating outside the business Single most important factor Probable Start point