Business start up, get rich, be your own boss, risk, financial freedom, capital, location, funding, customer service, where is the money, products, services, increase sales, revenues, business name, jose cintron, advance business consulting, mba4help.com

1. Business Start-up
Jose Cintron, MBA-CPC
Business/Accounting Professor
josecintronmba@gmail.com
(954) 374-8298

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Why Start a Business?
To Capitalize on an
Invention or Idea
To Pursue a Passion
To Be Their Own Boss
To Get Rich $$$

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Are you ready for this?

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Why people don’t try?

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Are you ready to take the risk?

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You build it and the will
come, Right?...Wrong!

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What are the chances???
Statistics show that 8
out of 10 new
businesses fail within
the first three years.
??????????????????????
80% of new businesses
fail within their first
three years.

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How you get the Financial Freedom?

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Why Business Fail ?
1. Wrong reasons
2. Poor Management
3. Insufficient Capital
4. Location, Location, Location
5. Lack of Planning
6. No Clue/No help/Guidance
7. Wrong/No marketing

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Why Business Fail ? Sales

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Customer Service/Satisfaction

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What is your Target?

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The egg or the chicken?
Business is not the dream but the
vehicle to get where you want to go.
“I Have A Dream” NO- “I Have A Plan”

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Funding Sources $$$
Savings-401k
Refinance
Friends and Family
Financial Institutions
Angel Investors

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What vehicle do I need to
reach my destiny?
Going to Orlando, FL
Going to Las Vegas, NV
Around the neighborhood

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Where are you going?
If you don’t know where you going
any road will take you there!

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What is the Trend ?

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We will not go back to doing business the
way we used to in the past!
Businesses

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We will not go back to doing business the
way we used to in the past!
Government

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We will not go back to doing business
the way we used to in the past!
City

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Where is the Money ?

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What is your product?
Farm $1.00 Supermarket $3.00
Restaurant $6.00

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What is your service?
Consulting
Coaching
Classes
Training
Selling
Installing
warranty
Servicing
You do it
for multiples
business owners

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What kind of business?

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Lets Analyze….
Products/merchandise
Services
Market and Niche
Contribution Margin

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Did you answered, Yes?
Do you have a great product?
Do you have an awesome Price/value?
Do you have clientele or email list?

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Products-Volume
1 X $10,000 10,000 X $1
What is your
“Business Model”

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Services
High End ClienteleLow End Clientele

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Target Market and Niche

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How to increase sales
Incrementar Clientes
Incrementar el monto de compra
Incrementar repetición o número de veces.

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BEP and Contribution Margin
Fixed Cost- $10,000(Rent, insurance, manager, interest…)
Variable cost- $800/ea (Hourly, commission, inventory…)
Sales are $1,000 per unit
$1,000-$800=$200 Contribution Margin
$10,000/$200=50 units to BEP Fixed Cost/Contribution Margin.
$10,000+5.000=$15,000/200=75 units to make a $5,000 profits.
$50,000X10%=5,000/12=416 interest per month.

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Life’s too short for the
wrong job.

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You must be competent

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You must be creative!

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Why Customers
Buy?
Customer does not buy for the
characteristic but for the
benefits.

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What’s for me?
Whitening
Bad Breath
Cavities
Plaque
Weak Enamel
Tender Gums
Gingivitis

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Clientele reaching your
Business

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What is your business name?
Pedro’s Restaurant----------Mexican Restaurant
Pedro’s Haircut--------------Haircut 4 Less
Miami Taxes-----------------Taxes R us

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Email and URL
PedroDelgadilloBetancur1959@mexicanrestaurant.com NO
pedro@mexicanrestaurant.com YES
http://sylviescreation.com NO or http://jewelrybysylvie.com
http://Pedrosshop.com NO or http://autorepair.com

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Conclusion
Entrepreneur Working for someone else!