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1. 10 Best Tips for
Starting a Successful
Business
Presented by
Projects to Promotions, llc
"The Nurse Entrpreneur"
Stephanie Dumpson Bsn Rn

2. > The contributor, Stephanie Dumpson BSN RN, has commercial relationship
relevant to this presentation. Anyone who views this presentation, cannot
without prior written permission, infringe on any copy rights. This intellectual
property can not be sampled, copied, duplicated in any fashion. The purpose of
this presentation is to educate the public about how to start up a business. It
does not guarantee a business start up. This presentation is also given to solicit
future paid workshop participants to buy admission to: seminars, podcasts,
coaching, and other business trainings, including but not limited to online,
prerecorded, and live materials.
> Relationships with Commercial Interest:
> Consulting Fees: Projects to Promotions, LLC
Disclosure

4. > If one advances in the direction of his dream, one will meet with success
unexpected during the common hours. - Henry David Thoreau
• Have you been dreaming about that store front business and how you
can make it come to life? Maybe an online virtual retail marketplace? Are
you sitting on the fence on whether to start an assistant living facility?
> The only thing that stands in your way is YOU!
• It's time to turn your dream into your PASSION!
• But Wait! Do you have what it takes to be an Entrepreneur?
Tip # 1 Have a dream? Now, Follow Your
Passion!

5.  Complete tasks
 Strong Determination
 Competitive
 Can handle pressure
 Self-Discipline
 Have business skills
 Experience in the business you
want to start
Tip # 2 Do a Self-Reality Check:
Am I an Entrepreneur?
Here are some common strengths:
 Have a passion!
 Self- Starter
 Born to be a Leader
 Creative
 Risk- Taker
 Self-Confident
 Multi-tasker
Common Strengths Common Strengths

6. Common WeaknessessCommon Weaknessess
 Chaotic startups: Can create or
hire someone to design an
automated system to be in
place to guide the every day
business operation.
 Can counterbalance
weaknesses by delegating,
outsourcing, and learning new
skills.
Tip #2 [Cont.] Do a Self- Reality Check:
Am I an Entrepreneur?
Here are some common weaknesses
 Flood gate of ideas
 Sometimes loner, Strange, or
Different than the pack
 Great at starting a business,
some maybe bad at managing
it.
 Financial stress: Raise capitol
and if not good at managing
money hire a bookkeeper/CPA

7. Tip #3 Research, Study, and Plan!
> RESEARCH a business is to be diligent and systematic by
inquiring or investigating into the chosen trade in order to
discover or revise facts, theories, applications, etc.
> STUDY the business by reading books, articles, attend
workshops, take courses, etc.
> PLAN: Write a BUSINESS PLAN of course! This will help guide
your business in detail how to achieve its goals in the first several
years of operation.

8. • Say you are a nurse, but want to start a floral business. Its been a great
hobby, but you never ran a floral shop before? It would be a great idea
to volunteer or work in one to learn how to run one.
• Already have hands on experience in your trade of choice? Great you
have the foundation to work from!
Tip #4 Get some Hands on Experience

9. • Figure out your start up cost before you start your
business.
• Make sure you budget for creating your legal structure,
licenses and permits, logos, marketing, insurance,
utilities, sinage, website, office supplies, salaries, rent,
etc.
• Consider your ongoing monthly expenses
Tip #5 Calculating Your Startup Costs

10.  Bootstrap: Personal Saving:
Work over time or a part time
job and save.
 Loans fron Banks, Credit
Unions, Home Equity, SBA,
Grants
 Angel Investors or Venture
Capitalists
 Throw a party! Ask friends and
family to invest in you.
Tip # 6 Find the Money
 Start a online campaign. Sites
like GOFUNDME
 Crowdfunding sites: Angellist,
CircleUp, Crowdfunder,
EquityNet, Fundable,
MicroVentures, Peerbackers,
Rockethub, Smallknot,
SeedInvest
 401(k), Credit cards,

11.  Sole Proprietorship: Pros
cheapest to start up. Cons does
not protect you legally from
lawsuits.
 Corporations: Pros protects
you from legal and personal
liabilities. Cons Corporations
are subject to more
governmental regulations, and
scrutiny.
Business
The Four Legal Business Formations
Each legal form has different legal and financial
ramifications.
 Partnership: Pros You have
someone to share, goals,
workload, legal responsibilities.
Cons You are sharing the power
and it can get ugly if you do
not see eye to eye.
 Limited Liability Company: Pros
protects personal liability , easy
to create, inexpensive. Cons
Members only vote.

12. • Population: Big cities more
people.
• Traffic: Walking and Cars
• Competition: know who they
are.
• Visibility: Needs to be easily
seen.
• Signs: Check to see if any
restrictions before ordering.
• Property condition: Is building
Tip #8 Location, Location, Location
• Rent: Reasonable?
• Zoning: Isit right for your
business
• History: Bad reputation and
crime in area.
• Parking: for workers and
customers

13. • A brand is your public image.
• Your unique position in the
marketplace.
• A graphic image [Logo],
reinforces your name and
builds your brand.
Tip #9 BRANDING
• A brand is the essence of what
makes your business unique.
• It is your name, logo, slogan,
and purpose into a
recognizable entity.
• There are plenty more tips on
branding that will be covered in
future presentations.

14.  Your first crew, should be
qualified, experienced, and
have the qualities that will
foster the right customer
service to the public.
 Never be desperate enough to
hire people on a whim. Wait
until the right candidate fits the
opening. It will pay off in the
end.
Tip # 10 Hiring and Firing
 If you have an employee that is
not working out, follow all H.R
laws before firing.
 Its wise to have the
replacement in place prior to
removing the employee. This
way, there will not be a
shortage of staff.

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