Small Business Ideas - PowerPoint

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					  Mind Your Own Business
        Start it . . . Grow it . . . Own it!

          Putting Your Business Ideas to Work




The U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs

                                   Computer software for
  The idea:
                                   home and office



  From the mind of:                Bill Gates




  The business:                    Microsoft, 1975




    U.S. Small Business Administration and JA Worldwide
     BIG
     IDEA
 The number of businesses started by
young entrepreneurs might surprise you.


  Throughout this presentation
   you will find big ideas from
  young entrepreneurs like you.


       U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        Online shoe sales



                                   Tony Hsieh
  From the minds of:
                                   Nick Swinmurn



  The business:                    Zappos.com, 1999




    U.S. Small Business Administration and JA Worldwide
Teens Mean Business

                      Creativity
                      Initiative
                      Hardwork
                      Success


                     Welcome to the world
                     of small business ownership!



    U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        A record label for rap music




  From the mind of:                Russell Simmons




  The business:                    Def Jam Records, 1984




    U.S. Small Business Administration and JA Worldwide
  Mind Your Own Business
  www.mindyourownbiz.org
Teens’ online resource to
plan, start, and run a business

Created by JA Worldwide and the
U.S. Small Business Administration

Launched September 13, 2005


       U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        Cookies from scratch



                                   Debbie Fields,
  From the mind of:
                                   a.k.a., Mrs. Fields



  The business:                    Mrs. Fields Cookies




    U.S. Small Business Administration and JA Worldwide
5 Key Areas of Achievement
      Explore - Plan your career as entrepreneur

     Decide – Get help with the crucial business
     planning stages

     Build – Tips on business organization, money
     management and creating a business image

     Connect – The importance of networking


     Succeed – Online success stories about
     teen entrepreneurs

          U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        Cosmetics for the
                                   Latina complexion



  From the mind of:                Monica Ramirez




  The business:                    Zalia Cosmetics, 2001




    U.S. Small Business Administration and JA Worldwide
        EXPLORE…what if?
So you want to run your own small business…
be your own boss?
These are the seeds of entrepreneurship of which
every successful business begins.
                 Your first steps:
                  Understand and know yourself –
                   what kind of entrepreneur are
                   you?
                  What are your interests?
                  What is most fun for you?
                  How do you like to spend your
                   time?
                  How hard are you willing to work?

              U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        Organize information
                                   on the Web


                                   Segey Brin
  From the minds of:               Larry Page




  The business:                    Google, 1998




    U.S. Small Business Administration and JA Worldwide
           Decide…now what?
You decide that you have what it takes!
Businesses succeed because they:
   Have a clear sense of purpose and understand
    their product or service
 Are   realistic and well researched
   Understand their strengths and weaknesses

 Are   committed to serving their customers

   Constantly innovate
                U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        Nail polish in that perfect
                                   shade of blue



  From the mind of:                Dineh Mojajer




  The business:                    Hard Candy, 1995




    U.S. Small Business Administration and JA Worldwide
Build…make it happen
Make it legal
 Research and select the right legal structure
 Name your business and product



Organize it
 How will your business get things done?
 Who does what?



Mange your money
 Where will your money come from?
 What profit do you expect?



Create your image
 Have a good strategy




      U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs

                                   African-American cable
  The idea:
                                   television network



  From the mind of:                Robert L. Johnson




  The business:                    Black Entertainment Television
                                   (BET), 1980




    U.S. Small Business Administration and JA Worldwide
Connect…develop your network
 Successful entrepreneurs have a variety of
  people to help them get ahead: mentors,
  coaches and friends


 Join business organizations and clubs to learn
 how others succeed


 Get advice. Stay connected. Listen.


             U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs


  The idea:                        No sweat athletic gear




  From the mind of:                Kevin Plank




  The business:                    Under Armour, 1996




    U.S. Small Business Administration and JA Worldwide
Succeed…manage for success
Good business is about good life skills
 Set goals
 Take action
 Ask for help
 Listen to good advice
 Follow-up with people
 Work to exceed expectations



           U.S. Small Business Administration and JA Worldwide
 What’s the            BIG
                       IDEA
Businesses Started by Young Entrepreneurs

                                   Custom-built computers
  The idea:
                                   direct to the customer



  From the mind of:                Michael Dell




  The business:                    Dell Computers, 1984




    U.S. Small Business Administration and JA Worldwide
            What’s the




BIG IDEA
          Get started!


 U.S. Small Business Administration and JA Worldwide
          Want to Know More?

Visit:
www.mindyourownbiz.org
www.sba.gov/teens
www.ja.org

Or find your local SBA district office
1-800-U Ask SBA (1-800-827-5722)



           U.S. Small Business Administration and JA Worldwide

				
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