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Principles of Entrereneurship

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🌀Checklists for Starting Business✅

• Creating a Business Plan

• Choose a Name

• Research Supplies

• Estimate Startup Costs

• Estimate Manufacturing Costs

• Research Competition

• Set Realistic Goals

• Research Pricing for item

• Research Local Markets

I wasn’t lucky. I worked hard to achieve the goals I set for myself.

• Buy a Domain

• Create a Website

• Create a Business Email

• Create a Social Media Account,

• Create Email List

• Create Email Signature

• Order Business Cards

• Photograph Sample Products

• Apply to Local Market and Events

<<Formal education will make you a living; self education will make you a fortune.>>

●Jim Rohn

Business Infrastructure

• Choose Legal Structure

• Register Business Name

• Set-up Accounting System

• Designate a Workplace

• Order Supplies

• Create Sample Products

• Create an Inventory List

• Create a Pricing List

Unique Professional Structure

• Choose Colors Theme

• Design Logo

• Create a Tagline

• Order Business Cards

SOME WEALTH THOUGHT NUGGETS TO PONDER ON

"Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service."

• Henry Ford

"I wake up every morning and think to myself, ‘how far can I push this company in the next 24 hours"

"I do more reading and thinking, and make less impulse decisions than most people in business."

● Warren Buffett

“I was told to avoid the business all together because of the rejection. People would say to me, ‘Don’t you want to have a normal job and a normal family?’ I guess that would be good advice for some people, but I wanted to act.”

● Jennifer Aniston

"Everybody wants to be famous, but nobody wants to do the work. I live by that. You grind hard so you can play hard. At the end of the day, you put all the work in, and eventually it’ll pay off. It could be in a year, it could be in 30 years. Eventually, your hard work will pay off." —

Kevin Hart

5 Stages Of Money

1. Making

2. Saving

3. Investing

4. Multiply

5. Maintain

In business, words are words; explanations are explanations, promises are promises, but only performance is reality.

What do you need to start a business? Three simple things: know your product better than anyone. Know your prospects, and have a burning desire to succeed.

People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.

"Unless you control your money,making more won't help.You'll just have bigger payments."

•Dave Ramsey

"Money speaks one language: "If you save me today, I'll save you tomorrow"

"Even if you're on the right track, you'll get run over if you just sit there."

"When times are bad is when the real entrepreneurs emerge."

~ Robert Kiyosaki

" Stopping advertising to save money is like stopping your watch to save time. "

• Henry Ford

" You’ve got to say, I think that if I keep working at this and want it badly enough I can have it. It’s called perseverance."

" Do not wait; the time will never be 'just right.' Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along."

~ Napoleon Hill

Just 4 reminders and we are done; 🙏🏽

1). Before you invest, investigate.

2). Before you pray, forgive.

3). Before you quit, try.

4). Before you retire, save.

😊😊

It’s not about ideas. It’s about making ideas happen.

💰THE FIVE LAWS OF WEALTH

🔸The first law

Keep a part of all your earn.

Save at least 10% of your income.

🔸The second law

Put your savings to work for you.

Invest it so it will multiply.

🔸The third law

Avoid debt.

The poor pay interest. While the rich earn interest.

🔸The fourth law

Don't speculate in get rich quick-schemes.

Invest in a solid business that is long term.

🔸The fifth law

Invest in yourself.

Gain knowledge & skills to increase your earning power.

"Punctuality is one of the cardinal business virtues: always insist on it in your subordinates."

“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.”

“The golden rule for every businessman is this: Put yourself in your prospect’s place.”

"Show me a person who never made a mistake, and I will show you a person who never did anything."

"Paying attention to simple little things that most men neglect makes a few men rich."

~ Henry Ford

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