Starting or Buying a Business in Austin
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The document provides information about starting or buying a business, including: - It discusses common concerns about timing, money, and legal issues with starting a business. - Statistics are presented on home-based businesses and the number of small businesses in Texas and the Austin area. - Successful business owners from Austin are highlighted as examples. - The importance of having a support system and assessing one's strengths and passions is emphasized for determining readiness to start a business.
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Starting or Buying a Business in Austin
- 1. 1 ©Business Success Center, Austin, TX 2012. All rights reserved.
- 2. YOURSELF & 2 HELP OTHERS: START OR BUY A BUSINESS With Jan Triplett, Ph.D. CEO, Business Success Center © 2012 Austin, TX © Business Success Twitter Hashtag: #HelpYourselfLAMP Center, Austin, TX 2012
- 3. Who We Are 3 National & international awards & recognition Provide sales & financial management advice, strategy & implementation Started in 1981; Inc. in1982 Survived 6 downturns High tech to no-tech product & service clients from A-Z Built businesses that last Global experience City of Austin Certified Green Business © Business Success Center, Austin, TX 2012
- 4. Who Are You? 4 Employee or Former Employee? Owner, Manager, Freelancer? © Business Success Center, Austin, TX 2012
- 5. Our Jobless Recovery 5 Wages decreasing as % of the Economy (GDP) Less demand for labor results in less jobs & income for workers. © Business Success Center, Austin, TX 2012
- 6. Where do jobs come from? 6 © Business Success Center, Austin, TX 2012
- 7. Who Said This? 7 “God helps those who help themselves.” Hint: Not the Bible © Business Success Center, Austin, TX 2012
- 8. Ancient Greek Proverb 8 σὺν Ἀθηνᾷ καὶ χεῖρα κίνει, Sỳn Athēnâi kaì kheîra kinei “Along with Athena, move also your hand.” © Business Success Center, Austin, TX 2012
- 9. Islamic Haddith 9 “Trust God, but tie your camel.” © Business Success Center, Austin, TX 2012
- 10. Don’t Just Sit There 10 © Business Success Center, Austin, TX Do something for yourself and 2012 others. Start or buy a business.
- 11. Ownership, a Personal Dream 11 © Business Success Center, Austin, TX 2012 2/3 Think about it. 6% Do something about it. Be a doer. Not just a dreamer.
- 12. Top Logical Concerns 12 1. Timing 2. Money 3. Legal Concerns © Business Success Center Austin, TX 2012
- 13. Current Texas Boom & Bloom 13 © Business Success Center, Austin, TX 2010
- 14. Former Busts 14 Texas downturns starting in the 80’s Oil & Gas Savings & Loan Real Estate & Technology Banks So do something now knowing it will happen again. © Business Success Center, Austin, TX 2012
- 15. Getting Money: No Free Lunch 15 © Business Success Center, Austin, TX 2012
- 16. Dining Room Business (or bedroom or garage) 16 According to the U.S. Bureau of Labor Statistics, the number of home-based businesses in the U.S. exceeds 18.3 million businesses. © Business Success Center Austin, TX 2010
- 17. The American Nightmare — Failing 17 Most businesses don’t fail 10 year study of 800K businesses 50%+ do something different than when they got started © Business Success Center, Austin, TX 2012
- 18. Being Legal: Rules and Regs 18 © Business Success Center, Austin, TX 2012
- 19. Top Small Business States 19 © Business Success Center Austin, TX 2012
- 20. Buy or Start: Non-Profit or For Profit 20 Franchise New Existing Buy Product or Service Virtual Brick and Mortar © Business Success Center, Austin, TX 2012
- 21. Plan For Your Future 21 OR Sell © Business Success Center, Austin, TX Die 2012
- 22. Top Personal Concerns 22 1. Feeling Isolated 2. Being Overwhelmed 3. Do I have what it takes? © Business Success Center Austin, TX 2012
- 23. Austin Area Small Business 23 Number of Firms of Austin Area Businesses by the Number of Employees <20 20-99 Firms with more than 20 employees: 5,730 100-499 Firms with 20 employees or less: 500+ 31,002 © Business Success Center, Austin, TX *LCMI Figures at twc.state.tx.us 2012
- 24. Austin Area Small Business 24 Employment of Austin Area Businesses by the Number of Employees 123,489 <20 314,612 170,916 20-99 100-499 177,047 500+ © Business Success Center, Austin, TX *LCMI Figures at twc.state.tx.us 2012
- 25. Fastest Growing Groups Starting a 25 Business US Census Bureau- Survey of Business Owners Over 1/3 of % of Business Owners as Age Groups business 12% 11% >64 owners in the 55-64 survey were 20% over 55 25% 45-54 Only 1% of 35-44 business 32 <35 owners were % under 25 © Business Success Center, Austin, TX 2012
- 26. 50+ Entrepreneurs 26 Boston's Putnam Research reported that some 7 million previously retired Americans had returned to work According to a recent USA Today/Gallup poll, 63% of non-retired adults in the US plan to work in retirement; two-thirds say enjoyment of work is the key reason. 2005 study by Boston College, showed that workers 50+ are more likely than younger folks to own their own business. According to the Labor Department, baby boomers make up 54% of self employed workers Boomers 55-64 start approximately10,000 new businesses a month © Business Success Center, Austin, TX 2012
- 27. 50+ Entrepreneur Companies 27 Online Business Consulting Franchises Home-Based Business © Business Success Center, Austin, TX 2012
- 28. Austin Business Owners 28 Michael Dell © Business Success Center, Austin, TX 2010
- 29. Austin Business Owners 29 Virginia Rogers © Business Success Center, Austin, TX 2010
- 30. Austin Business Owners 30 Your Name Here © Business Success Center, Austin, TX 2010
- 31. Austin Business Owners 31 © Business Success Center, Austin, TX 2010
- 32. © Business Success ‹#› Center, Austin, TX 2010
- 33. © Business Success ‹#› Center, Austin, TX 2010
- 34. Ask Yourself the Right Questions 34 But don’t get overwhelmed © Business Success Center, Austin, TX 2012
- 35. What Is Important? Define Success. 35 Money Prestige Creativity Independence Giving Back © Business Success Center, Austin, TX 2012
- 36. Why Do This? 36 Lifestyle Build Wealth (Income Stream) (For Self, or Others) VS. According to the I.R.S., most millionaires own their own business © Business Success Center, Austin, TX 2012
- 37. What is My Passion? 37 © Business Success Center, Austin, TX 2012
- 38. Who or What Do I Care About? 38 Choosing your customers Balancing life & work Family 1 st Having a good time © Business Success Center, Austin, TX 2012
- 39. What Do I Have To Contribute? 39 Address a Problem Create Opportunity Maintain Status Quo © Business Success Center, Austin, TX 2012
- 40. How Hard Do I Want To Work? 40 © Business Success Center, Austin, TX 2012
- 41. Do I Have A Support System? 41 People who believe in you and resources you can call on Family/Friends Strategic Alliances & Partners Strategist/Coach SBA — Third Wed Session City of Austin SBDP BIG UT/ACC classes BSC B2B Meetup & others RISE (March 26-30) © Business Success Center, Austin, TX 2012
- 42. Do I Have The Right Stuff? 42 Money Stamina Drive Willingness © Business Success Center, Austin, TX 2012
- 43. Take our Ownership Success 43 Quiz © Business Success Center, Austin, TX 2012
- 44. Bibliography 44 Blue Ocean Strategy By Chan Kim & Rene Mauborgne Easy to Be Green By Jan Triplett & Chris Pasch Handshake Strategy (Coming in 2012) By Jan Triplett Long Tail By Chris Anderson Neanderthals at Work By Albert Bernstein & Sydney Rozen © Business Success Center, Austin, TX 2012
- 45. Next Possible Steps 45 Give me your email address & I will send you a link to the slides. Take my business card & e-mail me with questions. If serious about starting or buying business, meet with me. 1st meeting is free. Participate in Owner’s MBA program. Read, talk, visit with other Owners. © Business Success Center, Austin, TX 2012
- 46. Here’s To Your Success! Twitter Hashtag: #HelpYourselfLAMP © Business Success Center, Austin, TX 2012 Triplett@runitright.biz Ownersview.com (blog) Follow Jan:
- 47. Other Greeks in the Act 47 Euripides "Try "No good e'er comesPersians Sophocles, first thyself, andThe the in God; Aeschylus in his play after call Aesop’s fable Hercules & of leisure wrote,to the workera man makes haste, God too For "Whenever God himself lends aid." purposeless; And heaven ne’er helps the men Waggoner © Business Success Center, Austin, TX 2012
- 48. Business Plan vs. Strategic Planning 48 © Business Success Center, Austin, TX 2012
- 49. The Right Business Vision 49 Entrepreneuria Proprietorship Guild l Entrepreneur © Business Success Center, Austin, TX 2012
- 50. Handling Money 50 Pricing Collections Projections © Business Success Center, Austin, TX 2012
- 51. The Bottom Line 51 Be Prepared, Not Afraid © Business Success Center, Austin, TX 2012
- 52. The Nitty Gritty 52 © Business Success Center, Austin, TX 2012
- 53. 53 ©Business Success Center, Austin, TX 2012. All rights reserved.
Notas del editor
- Algernon Sydney (14 or 15 January 1623 – 7 December 1683) was an Englishpolitician, republican political theorist, colonel, and opponent of King Charles II of England, who became involved in a plot against the King and was executed for treason Big influence on Jefferson who felt he had as much influence on the founding fathers as Locke,.[1]
- The chart is a ranking from the SBE that shows the states with the friendliest policy environments for small businesses. best (ranked#1) to worst (ranked#50). Top 3 –South Dakota, Nevada, Texas Lowest ranked 3- New York, New Jersey, and Dist. Columbia.
- I want to draw you a cat business went on Shark Tank in January 2012 and got $10K to improve their website for 5% of the business. Not have to have a lot to get started. We started with $1500.
- The chart is a ranking from the SBE that shows the states with the friendliest policy environments for small businesses. best (ranked#1) to worst (ranked#50). Top 3 –South Dakota, Nevada, Texas Lowest ranked 3- New York, New Jersey, and Dist. Columbia.
- The chart is a ranking from the SBE that shows the states with the friendliest policy environments for small businesses. best (ranked#1) to worst (ranked#50). Top 3 –South Dakota, Nevada, Texas Lowest ranked 3- New York, New Jersey, and Dist. Columbia.