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Entrepreneur Conference June 18, 2009 at BYU-Idaho

Richard Christiansen:

Porters 5 forces model

• industry competitors
• suppliers
• buyers
• substitutes
• potential entrants

Do not fail to assess you environent and market.

1. Unalterable determination
2. An undeviating support system
3. A greater purpose. That that inspired to to become bigger and greater.

Bootstrapbusiness.org

Kevin Duncan:

• Rewards of real value require real work
• Get out of you comfort zone. Get goals and reward yourself for leaving your confort zone and achieving your goals.
• LDS missions give you the entreprenuer spirit.
• Don't ever consider not getting all the educations as possible
• Business ethics come from personal ethics which come from deep within.
• Be true to your passion, don't give up and through in the towl at the first sight of defeat.
• Look for big break and take them.
• Have a constant eye for solutions to problems.
• Write down a list of ideas and review that list weekly.
• A can do attitute opens the doors and windows of opportunity to you ideas

Michael Glauser:

8 practices of successful business builders.

4 catorgories or field.

1. Preperation
2. Partner
3. Performane
4. Purpose

Living on the edge. Entrepreneurs start business in the industry they know. Stay in the mix of the market so you are always update with all information that is critical.

First hand contact gives you first hand knowledge.

What did I learn about my industry, customers, and competitors that I did not know last week?

Plan for opportunities to expanned.

Don't build anything unless you have buyers that want to buy right now.

Diversify your portfolio so you are not vulrable.

Have mentors.

Have a team of entrepenuers that can work together. Energy and passion.

Work with zeal and tanasity

The business world belongs to people with passion.

To be the best at something you have to spend 10000 hours practising or rehersing to become the best.

Performane: get more for less, going lean, stating lean, keeping cost below the market standard. Get market share. Increase your profit margins.

You have to provide the finest experience to your customers that makes them loyal. Go beyound expectations.

Serve a broader purpose. When a business supports the community.

Entrenprenuers that help the socail ecenomy will be more successful.

book "tipping point" and "Glorious accidents"