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March 2016

The NEXT LEVEL for Minority Businesses

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I had the honor and privilege of being the guest speaker at the Urban Chamber’s Women in Business & Politics luncheon on Friday, March 25th, 2016.  African American owned and women owned businesses are making significant strides in terms of firm creation.  Maintaining momentum through three key relationships is necessary to take minority owned businesses to the NEXT LEVEL.

 

The good news…

  • There are over 2 million African American or Black owned businesses in the United States.
  • Of all the businesses in the United States (not just African American), 30% are women owned businesses (that’s 9.4 million women owned businesses).
  • Of that 9.4 million, 1.3 million or 14% are firms controlled by African American women.
  • African American women are the fastest growing entrepreneurial group in the country reported by Forbes and Fortune magazines as of 2015.  From 1997 – 2015 African American women businesses have grown 322%.

 

More to be done…

  • 52% of all women lack financial security.
  • 43% of all women expect to have to work until age 70.
  • Only 55% of women are saving for retirement.
  • Only 35% of women use a financial advisor and of those that do, they only do so for retirement purposes.

 

For those that read this blog post and are in the Las Vegas area, if you’re thinking about joining a cross cultural business organization that is truly supporting the business community in the Las Vegas area, this is the one to join.  I was impressed with the infrastructure of the chamber, the support of the business owners and the event turnout.  For more information, connect with chamber’s leadership – Shaundell Newsome here (https://www.facebook.com/shaundell.newsome) or Ken Evans here (https://www.facebook.com/ken.evans.9822).

HERE’S THE LINK TO MY TALK… https://www.youtube.com/watch?v=xqHcnf3nOYA

Meisa’s Media Kit is available online HERE.

Solopreneur Frugal Foolery

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Here’s the thing: we all want to believe we’ve got what it takes to handle everything life throws at us. And that’s a nice thought – really, it is.  Let’s come back down to reality for second, though.  We all need a little help from our friends… and by “friends” I definitely mean “experienced professionals.”  You gotta do what you gotta do, you know?  And in this particular situation, what you need to do is find yourself a team of professionals who can keep you in check when life turns crazy.

 

Running a business isn’t easy.  A lot of people try to be their own lawyer, tax professional, and business advisor – and it doesn’t end well.  Even if you make it through a few years with no major issues that you’re aware of, sooner or later things will fall apart.  When that happens – and it WILL happen, let’s be real about this – you’re going to want to have a contingency plan.

 

Paying for advice, consultation, and help might seem like a racket – but I’m here to tell you that it’s one of the best things you can do for your business.  Do you want to save a couple hundred bucks now by “fixing” things yourself, or do you want to still have a viable business in six months?  This is the kind of situation in which you might find yourself.

 

Here’s a good rule to keep in mind: if the issue you’re facing is something that could potentially turn into a huge deal, hire a professional.  Even if you just think there’s the slightest chance that things could go south – hire a professional.  Here’s an even more important one: even if the situation is embarrassing or something you’re ashamed of, hire a professional.  Don’t make the mistake of thinking that yours is the first mistake people have seen!  Let’s be real honest – the world doesn’t revolve around you, and your mistakes are not going to be anything new.  Even in the worst of situations, you’re going to find professionals who have dealt with it before.

 

Wondering where to start?  There are a couple of ways you can get started.  The first is to start researching people online.  Read forums and reviews, and find out who in your area seems to have the kind of experience you need.  You can also ask around for recommendations.  Regardless of how you find them, you’re going to want to contact the professional and ask them for a consultation.  Be honest with them!!  Put all of your cards on the table if you want to get useful advice in return.

 

Be ready to pay up – and even more than that, be ready to gratefully pay up for the expert advice you’re receiving.  Stop the unnecessary frugal foolery and get the expertise your business needs.  Naynay, Big Mama and your best friend’s sister are not it!