Is Business Ownership
Really for You ?
“Before You Quit Your Job”
Copyright 2007, Lean Capabilities International Pty Ltd
Entrepreneurship define as...
The pursuit of opportunity without
regard to resources currently
controlled
Copyright 2007, Lean Capabilities International Pty Ltd
FREEDOM – HOW MUCH DO
YOU REALLY WANT IT?
"If you become a successful entrepreneur,
you will come to know a freedom very few
people will ever know. It is not simply a
matter of having a lot of money or free
time. It is the freedom from the fear of
fear itself."
Robert Kiyosaki's “Rich Dad Poor Dad”
Copyright 2007, Lean Capabilities International Pty Ltd
WHAT MAKES
ENTREPRENEURS DIFFERENT
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They have the ability to operate sanely and intelligently without money
They know how to spend money, even if they have no money
Employees desire security and entrepreneurs seek freedom
They are always looking for opportunities rather than resources
They keep the organization small and lean
They do not want to climb the corporate ladder; they want to own the
corporate ladder
They learn to use other people’s resources
They have different management styles to manage different people
They have the ability to manage people and resources they do not
control
They are team and value oriented rather than pay and promotion
oriented
They are active learner – no graduation day
They have generalized education rather than specialized
They have the courage to be accountable & responsible for the entire
business; no excuses!
Copyright 2007, Lean Capabilities International Pty Ltd
DO YOU PLAY ABOVE OR
BELOW THE LINE ?
Ownership
Accountability
Responsibility
Blame
Excuses
Denial
Copyright 2007, Lean Capabilities International Pty Ltd
3 FROGS ON A LOG
ONE DECIDED TO JUMP IN..
HOW MANY WERE LEFT ?
THREE…. HE ONLY DECIDED HE
DIDN’T ACTUALLY JUMP !
"The world is filled with want-to-be
entrepreneurs. ... Most will have some excuse,
some rationalization,…But they never take action
and jump"
Copyright 2007, Lean Capabilities International Pty Ltd
THE BIGGEST OBSTICLE
TO OVERCOME ….
FEAR – Future Emotion Appearing Real….
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Entrepreneurs manage their fears
Making a mistake or fear of failure
will hold people back from success
Fear is often disguised as perfectionism
If you have the mind-set and toughness of a farmer,
you will make a great entrepreneur
Do you have control of your fear or does your fear
control you?
Copyright 2007, Lean Capabilities International Pty Ltd
3 PARTS TO PULLING TOGETHER
A BUSINESS DEAL
FINDING THE RIGHT PEOPLE
FINDING THE MONEY
FINDING THE RIGHT
OPPORTUNITY
Copyright 2007, Lean Capabilities International Pty Ltd
13 KEY QUESTIONS TO ASK YOURSELF ??
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1. Why do I want to own my own business?
2. How badly do I want to own my own business?
3. At what level of play do I want to play the game?
4. At what level of play am I willing to extend myself to
play the game?
5. Am I willing to spend the time to learn about other
successful entrepreneurs and their businesses?
6. Am I afraid to fail?
7. Can I turn my fear of failing into a strength that will
help me drive the business?
8. Can I learn from my mistakes?
9. Can I build a team, or do I like to work by myself?
10. Am I willing to pay the price?
11. Am I willing to put in the time now to be rewarded
later?
12. Am I self motivated, or do I need a boss to tell me
what to do?
13. Am I willing to delay financial rewards until the
business succeeds, or do I need a paycheck?
Copyright 2007, Lean Capabilities International Pty Ltd
Do you have the courage
to take control of your
own life?
Do you believe in your own
abilities to create security and
success?
Copyright 2007, Lean Capabilities International Pty Ltd
Are you an employee
Or
An Entrepreneur?
Copyright 2007, Lean Capabilities International Pty Ltd
Contact info:
Copyright 2007, Lean Capabilities International Pty Ltd