Whatevering the Spirit of Business

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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
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Computer software for home and office
The idea
From the mind of
Bill Gates
The business
Microsoft, 1975
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BIG IDEA
The number of businesses started byyoung
entrepreneurs might surprise you.
Throughout this presentation you will find big
ideas from young entrepreneurs like you.
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Online shoe sales
Tony Hsieh Nick Swinmurn
From the minds of
The business
Zappos.com, 1999
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Teens Mean Business

• Creativity
• Initiative
• Hard work
• Success
• Welcome to the world
• of small business ownership!

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
A record label for rap music
From the mind of
Russell Simmons
Def Jam Records, 1984
The business
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Mind Your Own Business www.mindyourownbiz.org

• Teens online resource to plan, start, and run a
  business

Created by JA Worldwide and theU.S. Small
Business Administration
Launched September 13, 2005
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Cookies from scratch
Debbie Fields, a.k.a., Mrs. Fields
From the mind of
The business
Mrs. Fields Cookies
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5 Key Areas of Achievement

• Explore - Plan your career as entrepreneur

Decide Get help with the crucial
businessplanning stages
Build Tips on business organization, money
management and creating a business image
Connect The importance of networking
Succeed Online success stories aboutteen
entrepreneurs
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Cosmetics for the Latina complexion
The idea
From the mind of
Monica Ramirez
The business
Zalia Cosmetics, 2001
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EXPLOREwhat if?

• So you want to run your own small businessbe
  your own boss?
  
• These are the seeds of entrepreneurship of
  whichevery 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 y
ou? How do you like to spend your time? Ho
w hard are you willing to work?
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
Organize information on the Web
Segey Brin Larry Page
From the minds of
The business
Google, 1998
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Decidenow 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
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Nail polish in that perfect shade of blue
The idea
From the mind of
Dineh Mojajer
The business
Hard Candy, 1995
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Buildmake 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 d
one?
Who does what?
Mange your money Where will your money come fro
m?
What profit do you expect?
Create your image Have a good strategy
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
African-American cable television network
The idea
From the mind of
Robert L. Johnson
The business
Black Entertainment Television (BET), 1980
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Connectdevelop 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.
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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
The idea
No sweat athletic gear
From the mind of
Kevin Plank
The business
Under Armour, 1996
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Succeedmanage 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

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BIG IDEA
Whats the
Businesses Started by Young Entrepreneurs
Custom-built computers direct to the customer
The idea
From the mind of
Michael Dell
The business
Dell Computers, 1984
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Whats the
BIG IDEA
Get started!
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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)