Think Like Entrepreneur! - Adams County Development Council · Think Like Entrepreneur! Presenter:...
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Think Like Entrepreneur! Presenter: Jordan Tampien, Esq., MBA WSU Community Economic Development Specialist Trevor Lane, MS WSU Ferry County Extension Director
Transcript of Think Like Entrepreneur! - Adams County Development Council · Think Like Entrepreneur! Presenter:...
Think Like Entrepreneur!
Presenter: Jordan Tampien, Esq., MBA WSU Community Economic Development Specialist
Trevor Lane, MS WSU Ferry County Extension Director
Agenda •! Introduction
•! Think Like an Entrepreneur •! Access to Capital •! Think Outside The Box •! Create a Business •! Conclusion •! Questions
•••••••
Can You Spell Entrepreneur? Then Hire Someone That Can..
Access to Capital
Traditional Sources
Non-Traditional Financing Options
Local Investment
•! Bootstrapping •! Traditional Banks •! Credit Unions/EDC •! Crowd-funding •! Peer to Peer Lending •! Pre-Selling •! Angel Investors •! Venture Capitalists •! Lending Circles
The Photo Booth
PopInShop
Zappos
Auto Shop
How to Become an Entrepreneur!
The Idea
The Plan
Investor Pitch
The Opening
Activity
•! Break into Groups •! Create a business around item provided •! Develop a 1 minute pitch for funding •! Business that receives the most funding wins
The Shoes of an Entrepreneur
Entrepreneurial Groups will select a sales representative and an accountant. The gist: investment time impacts as it relates to investment pitch for successful outcomes. The Rules: 1) 30 - 60 second elevator pitch. 2) No bootstrap investing. 3) Ability to spread out investments among products. 4) Must give $$ to the accountant for reporting.
IDEA Process
1.! Ideation (10 minutes) -Time to create a new business. Using the object chosen come up with a new product.
2.! Development (10 minutes) -Now that you have the product, what is it going to do and who are you going to sell it to?
3.! Evaluation (10 minutes) -Now, who are your competitors? how is your product different? 4.! Ask for Cash (15 minutes)
Extra Credit
A boat has a ladder that has six rungs, each rung is one foot apart. The bottom rung is one foot from the water. The tide rises at 12 inches every 15 minutes. High tide peaks in one hour. When the tide is at its highest, how many rungs are under water?
