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)
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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
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 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
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1. Feeling Isolated
2. Being Overwhelmed
3. Do I have what it
takes?
© Business Success
Center
Austin, TX 2012

23. Austin Area Small Business
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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
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 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
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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
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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?
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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?
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 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?
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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
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 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
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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.