Self Employment

1
Self Employment

• Guiding Principles
• Steps to Success

2
Why People Choose Self Employment

• To more closely meet their work dreams and goals
• To supply their own accommodations
• Better level of income and control of benefits
• Opportunity

3
What People Need for Self Employment

• Transportation
• Equipment
• Training
• On-going technical assistance
• Marketing logistical strategies
• Business management services

4
The Difference Between Self Employment
Entrepreneurship

• No increasing equity in a business
• Initially, no employees
• May be a partnership
• Resource ownership to qualify for a created job
• No business plan

5
Step 1 Finding the Dream

• Utilize person-centered or strengths based
  techniques to establish interests, experience or
  resources
• Gather information concerning strengths and
  interests in trying various business options

6
Step 2 Developing Supports Accommodations

• Employment team members often supply supports or
  resources for supports
• Supports may include
• Business planning
• Market development
• Training
• Transportation

7
Step 3 The Product

• What exactly are you selling to make money?
• Initially may be dictated by persons interests,
  background, and values
• Modification of product may be dictated by
  logistics, markets or expenses

8
Step 4 Marketing

• Importance of selecting initial customer
  population
• Importance of planning in reaching the target
  customer
• Importance of modification of strategy as
  business activity progresses

9
Step 5 Pricing

• Combat low valuation of the persons time and
  contribution to the employment endeavor
• May begin with a survey of similar business
  prices, if appropriate
• Pay yourself enough!!

10
Step 6 Funding Your Dream

• Do you have the
• Personal savings
• SSA Work Incentives (PASS)
• Family members
• Organizational investors
• Micro business loans
• Special economic development grants