I want to be my own boss - Red Apple Inc
-
Upload
ramesh-meda -
Category
Business
-
view
334 -
download
1
description
Transcript of I want to be my own boss - Red Apple Inc
![Page 1: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/1.jpg)
I WANT TO BE MY OWN BOSS !!
Thought Paper by Red Apple Inc… Author: Ramesh K Meda, CTO
![Page 2: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/2.jpg)
© R
ed A
pple
Inc
About Red Apple Inc…
• Red Apple Inc is IT Services and Management Organization with focus on – Management Advisory Services – Product Management Services – Global HR Staffing Services – BPO & KPO Services
![Page 3: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/3.jpg)
WHY SHOULD I BE MY OWN BOSS?
If you don’t know the answer already…. This presentation is not for you
![Page 4: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/4.jpg)
© R
ed A
pple
Inc
You must be…
• A good decision maker• A problem solver at heart • A person with good human interaction skills • An (educated & calculated) risk taker • If not, please don’t quit your day job
![Page 5: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/5.jpg)
© R
ed A
pple
Inc
How to start… Decision chart
• Are you committed to your ideas? • Are you willing to work as one-man-army?• Can you smile under pressure? (no jokes ) • Do you have personal funds or funder to cover
all of Capital Expenses and three months of Operational Expenses?
• If any of these is “NO”, please reconsider your decision of getting into business…
![Page 6: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/6.jpg)
© R
ed A
pple
Inc
What next….
You have come this far… so you must be a brave heart…
Congratulations
![Page 7: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/7.jpg)
© R
ed A
pple
Inc
To start a business, you must have…
• Clear business idea • Business knowledge • Start up money • Business support • Clarity on customer segmentation • Clear business plan • Financial viability
![Page 8: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/8.jpg)
© R
ed A
pple
Inc
Next steps
• Create a business plan • Create a financial plan • Create a marketing plan
![Page 9: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/9.jpg)
© R
ed A
pple
Inc
Business Plan
• What is it?– Definition of business goal– Operational plan to achieve the same
• Why develop one?– To have quantifiable goals and targets
![Page 10: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/10.jpg)
© R
ed A
pple
Inc
Financial Plan
• Spend plan – Capital expenses by month – Operational expenses by month
• Earn Plan – Revenue layout by month – Should include worst case scenario planning
• Profitability Planning / Dreaming ;) – Projected profitability by month – Should include break even calculation and projection
![Page 11: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/11.jpg)
© R
ed A
pple
Inc
Marketing Plan
• Go-to-market strategy • Customer segmentation • Pithing for business • Closing deals
![Page 12: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/12.jpg)
© R
ed A
pple
Inc
If being funded…
Obviously, investor would be keen on profitability projections.
Please project worst case scenario and you will be a winner all the way
![Page 13: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/13.jpg)
© R
ed A
pple
Inc
Types of business types
• Sole proprietorship – Most common choice, if self funded
• Partnership – Typical choice, if funder is working in your business
• Incorporation (LLP, Pvt Ltd…) – Works best, if you want to take business public
• New division of an existing business – This would be typical investor’s choice, if you are
not coming in with proven track record…
![Page 14: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/14.jpg)
© R
ed A
pple
Inc
Typical Trend
• I want to quit my job after the business picks up – These guys typically will not work best in business – Business is all about taking “educated risks”
• I want to jump in cold turkey – This is most preferred approach – Have a clear go / no-go deadline
• I will start, only if team is around me – Typical procrastinators or project is too large for a
single person
![Page 15: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/15.jpg)
© R
ed A
pple
Inc
Want to… but,
• Everybody develops cold feat to start with, so you are not new…
• People around you will want to comment one way or the other, don’t bother… stick to your plan
![Page 16: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/16.jpg)
© R
ed A
pple
Inc
Can somebody advise me…
• There are way too many advisors around… • It is your life and only your opinion counts at
the end of the day • You can hear all you want from everybody,
but, you must make your own decisions
![Page 17: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/17.jpg)
© R
ed A
pple
Inc
What can we do for you…
• We can help you understand market perspective of your product or service
• Share our experience • Incubate your business, if we like your idea
• Feel free to call Mr. Surya @ +91 80 4147 9204 or write to him [email protected]
![Page 18: I want to be my own boss - Red Apple Inc](https://reader033.fdocuments.us/reader033/viewer/2022061207/54873066b4af9f640d8b5312/html5/thumbnails/18.jpg)
THANK YOU….
Contact us for more information… USA +1 973 210 3030 India +91 80 4147 9204 eMail [email protected]