
So You Want to Start a Business
Description
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Often, people leap into starting a business to pursue their passion without fully realizing what they've gotten themselves into. They may love what they do-but the financial and administrative side of the business ends up being more than they bargained for.
So You Want to Start a Business takes you through the seven essential elements required to create a thriving business. With examples, exercises, and invaluable guidance, Ingrid Thompson provides a practical guide to unleashing one's inner entrepreneur. With over twenty years' experience helping people create successful businesses, Ingrid knows exactly how to help people decide what kind of business to start-and start out on the right foot.
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Person
When it came time to leave the corporate world, Ingrid returned to accounting as an outsourced CFO for Small and Medium Businesses. In doing so, she found the people she most enjoyed working with. Many of the clients she was working with were really good at what they did, they just didn't know much about running a business and in many cases Ingrid was called in to "sort out this mess". Ingrid thought "What if people knew more about being in business before they start a business?". In her Corporate training role she had set up the "Manager/ Supervisor in training" program and thought some thing like this would be great for people before they get started in their own business. Over time she has developed a seven step system for people thinking about starting a business - and that's what's in this book.
Since starting Healthy Numbers in 2003, Ingrid has worked with almost 1,000 businesses across a range of industries - health and wellness, travel, manufacturing, retail, clothing, real estate and more. As well as working with people to start and grow their businesses, she has helped a number of businesses to scale and negotiate the sale of their business. She has even saved a few people from bankruptcy. Ingrid hosts a popular podcast, 'So You Want to Start a Business', and has developed an online program of the same name. She has also created a niche program, 'So You Want to Start a Pilates Business', specifically for Pilates Instructors who want to start their own studio. Ingrid currently resides in Sydney, Australia, with her partner and their 3 cats. She loves wine, yoga and surfing.
Content
- Intro
- Title
- Copyright
- Content
- Foreword
- Introduction
- Technology and trends
- So what's stopping you?
- My story
- Starting your business: seven essential elements
- 1. You
- Are you escaping from or moving towards?
- Living the dream, but whose dream?
- Doona days: pros and cons
- Doona days: your 'why'
- Do you have what it takes?
- Are your personal finances in order?
- Do you have a business mindset?
- 2. Your Idea
- Choosing one main idea to work on
- Do you solve a real problem with your business idea?
- Is your idea simple to develop?
- Is your idea better than the rest?
- Who owns the IP?
- 3: Your Clients
- Identifying your ideal client
- Creating an ideal client avatar
- What problem is your ideal client really looking to solve?
- How does your ideal client solve their problem at the moment?
- What's your true value?
- 4. Your Brand
- Developing a clear brand
- Connecting with your audience
- Establishing the voice of your business
- Creating collateral
- Consistency
- 5. Your Structure
- Is your business a 'keeper' or a 'build to sell'?
- What legal business structure will work best for you?
- Risk management and insurances
- Compliance matters
- The importance of establishing systems and processes
- The power of a support team
- 6. Your Finances
- Business startup costs
- Funding your startup
- Your break-even point
- Pricing
- Taxes
- Keeping up with your financials
- Managing cash flow
- 7. Your Marketing
- What is marketing?
- Your client journey map
- Marketing channels
- Putting together a marketing plan
- Conclusion: Run With It!
- Free Gift For You
- References
- Acknowledgements
- About the author
- About Healthy Numbers and additional resources
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File format: ePUB
Copy protection: Watermark-DRM (Digital Rights Management)
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