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An Entrepreneur's JourneyThe Start Up
Ferguson Global Consulting
Phone 856 981-8253
Our presentations
will take you from
the spark of an idea,
to the start-up,
through the growth
phases, to the sale
of the company and
continue with the
challenges of
transitioning into a
new organization.
Let's get started.on the start up.,
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Even a mouse can start a Business
you need an idea, partnerships and courage.cc: armadillo444 - https://www.flickr.com/photos/8062328@N02
Future Founding President
A mother, home maker and wife.
Future Co-Founder
A father and husband employed in technology development.cc: RDECOM - https://www.flickr.com/photos/34402227@N03
The husband's job is at risk.
The Problemcc: craig1black - https://www.flickr.com/photos/95368991@N00
The suppliers he selected are not small job oriented
The Project could
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Supplier can make the product, although
the design is slightly different and initial quantity is small.cc: oomlout - https://www.flickr.com/photos/33504192@N00
Large quantity order.The supplier states a non-standard product require a
Can we increase the quantity as we grow?
We predict large demand in the near future.
Business is done their way.The potential suppliers have an older industry mindset.
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Short Term Profits Now.They will not wait for your growth, they require
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Purchasing direct from the supplier requires a contract with their
Terms and Conditions.
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distribution and reseller channels.
They direct small purchases to their
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Discussion at homeDo others have these challenges?
Spark of Idea
Is this a business opportunity?cc: KhaledR - https://www.flickr.com/photos/34809507@N05
Support the little guys.
What Opportunity or Passion will the business address?
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From small beginnings.
Why the smaller project focus?
Come great things.
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What is the product?
What is our next step?
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How do you know?
We have a great product design.
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Market ResearchIndicates a Great Opportunity!
Okay, but is it an MVP?
We also verified the product design.
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What the heck is an MVP?A Minimum Viable Product is the smallest thing you can build that delivers
customer value along with returning insight and value
back to you.
Can you give an example of an MVP?
A great tasting plain donut was offered,
but customers made it clear, the market
prefers donuts with different flavored
icings and toppings.
What is the Business Plan?We can Self Finance the Start Up.
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How will you structure the business?
What do you mean? We're partners!
Will you be an LLP or LLC? The choice has
Legal and Financial impact.
Business structure vs. Organization structure.
These words sound similar, but they have different meanings.
Business structure refers to the legal status of a company, such as sole proprietorship, partnerships
or corporation, involving tax status and legal regulations
is helpful to define responsibilities.
An organizational structure
The Family.Who are the initial employees?
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We're ready to Launch the Business!
We have the Product, Research, and Plan.
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What is the Value Proposition?
Whoa, Slow Down, Stop.
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Basically what is the Business Model?
How will you create, deliver and capture value?
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Providing useful marketing content.How will customers learn about you?
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Buying from us will be easy. How?What are you really offering?
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Easy to use Website
helping customers find what they need.cc: Stéfan - https://www.flickr.com/photos/49462908@N00
we have immediate and free technical support.
If customers have additional questions
Essential Productswill be available off the shelf.
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Special or Standard Product.
Do you need one or thousands? No Problem.cc: todbot - https://www.flickr.com/photos/35034345966@N01
Credit Card, Bank Transfers, PayPal, etc.
Easy Paymentcc: 4nitsirk - https://www.flickr.com/photos/26223114@N02
Precision.
Our Products will be known for
High Performance.
Our Product will also be known for
We will make returns or repairs fast and easy.
Despite the best quality, issues will occur!
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Who are the Customers?
Smaller Engineering, Test and Research Projects.cc: pennstatenews - https://www.flickr.com/photos/53130103@N05
Directly service customers, eliminate middle men.
What other ways will you make it easy?
Provide Fast Delivery.Same day from stock and short lead times on specials.
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We are a Supportive and Trusted Friend.
What is the message to the customers?
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Can we launch now?Okay, we have outlined the Value Proposition.
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We need to review a
Few more steps.
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What Resources
are critical to your success?cc: K.H.Reichert - https://www.flickr.com/photos/129285091@N07
Strategic and Essential.These resources are
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Digital Marketing
is critical to our success.cc: DigitalRalph - https://www.flickr.com/photos/14433900@N03
Customer focused and technically capable.
Sales Engineering Talent
Our proprietary and exceptionally fast
Order and Fulfillment Process.
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Flexible Manufacturing
Ability to provide variations to core design.cc: Shield Connectors - https://www.flickr.com/photos/45764919@N02
Raw Materials.Stock of long lead time and special
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will you Net a Profit?
I see a good value proposition for the customer
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Let's see, our
costs and
overhead are
low.
The product
conversion
provides high
value.
Yes we should be
Profitable!cc: Great Beyond - https://www.flickr.com/photos/26104563@N00
Launch the Business!
NOW, you are ready.
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If you are having
challenges moving
your business to the
next level,
contact
Ferguson Global
Consulting.
We bring success
into focus in today's
changing world.
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Phone 856 981-8253
FGC's expertise includes
• Sales Growth and Business Development• Product Development• Manufacturing Transformation• Supply Chain Enhancement• Talent Development and Recruitment• M&A Due Diligence and Integration• Global Expansion and Scale Up
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Ferguson Global
Consulting
Ferguson Global ConsultingApplied Business Knowledge
Phone 856 981-8253
