Smart Women Own Smart Businesses

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Smart Women Own Smart Businesses

• And They Dont Buy Into the Myths of
  Entrepreneurship

Denise Demonbreun, MPA, CEcD Director of Small
Business Workforce Development Irving Economic
Development Partnership 972.742.2393
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Myths of Entrepreneurship

• You are your own boss

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Myths of Entrepreneurship

• You can have a successful business while you do
  other things such as
• Raise your children
• Take care of relatives
• Hold down another job

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Myths of Entrepreneurship

• You set your own hours

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Myths of Entrepreneurship

• You can take time off for vacations whenever you
  want

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Myths of Entrepreneurship

• Working from home will give you more time with
  your family

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Myths of Entrepreneurship

• You have lots of friends who are excited about
  your business and want to buy your
  product/service

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Myths of Entrepreneurship

• Youll get to spend time doing what youve
  always wanted to do

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Myths of Entrepreneurship

• Youll be in control and will avoid the
  frustration and stress of a corporate job

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Myths of Entrepreneurship

• As a business owner, youll make what youre
  worth, not the pittance you make now

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Myths of Entrepreneurship

• You can buy a franchise and then running the
  business will be easy

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Myths of Entrepreneurship

• Once your business is well-established youll
  be able to take it easy

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Should you be an entrepreneur?

• Are you willing to lower youre your standard of
  living at least temporarily?
• Do you want to spend the next 5 years building
  and running your business?

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Should you be an entrepreneur?

• What will you do if your partners/co-workers are
  not as committed as you?
• Will you still be willing to put inlong hours
  after the excitement ofthe new venture wears
  off?

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Should you be an entrepreneur?

• Will you be willing to changestrategy or fold
  the business if youfail to meet financial goals?

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If your answers are YES --

• Sign up for Entrepreneurial Essentials
• Irving residency is required
• Meets Mondays from January 28 through March 31
  from 630-830 p.m.
• A check for 100 payable to Friends of the
  Irving Public Library is required
• The fee will be refunded upon graduation