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Tupac Amaru Shakur, " I'm Loosing It...We MUST Unite!"
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Thursday, May 23, 2019

She Creates a Facebook Healing Space for 20,000 Black Therapists

Creating safe spaces for others is second nature for therapists and mental health professionals as they establish trust and build relationships with their clients. But finding a community for themselves to unwind is often an afterthought. That is why Deran Young, LCSW, founded Black Therapists Rock. In 2016, Young created a Facebook group as an opportunity to organize black therapists, community leaders, personal development experts, and clinical professionals toward action in decreasing the stigma and other barriers to mental health and emotional well-being.

As a therapist who grew up with adverse childhood experiences, Young is culturally informed and invested in serving people in underresourced communities.

“I grew up in the hood and my mother was mentally ill but I did not know that.” says Young. “What I knew was that she was on drugs. I was the oldest so that meant that I was always in charge. And I grew up taking care of everyone except myself—and that is very common amongst black women. We are taking care of, thinking, doing, problem solving, and saving everyone but ourselves,”

A lot of her work now and as a former therapist in the military has taught her the importance of not doing the work alone.

“I created the Facebook group and thought I’d be happy if I got 200 people. Three months in, we had 2,000 people. And by the end of 2016, we had 10,000 people. And by the end of the third year we had 20,000 people,” say Young.

Within the community, members can share their experiences, build relationships, and occasionally vent. With a community so unique and impactful, Young has been sought out by Facebook. In 2018, she was accepted for their Community Leadership Fellowship. As a fellow, her organization receives financial support and resources to promote their mission. Most recently, Young spoke about her work at Facebook’s Global Safety & Well-Being Summit where we met her and learned more about the work that she is doing.

“Through Facebook, we have a program called ‘Heal the Healer’ where we have 40 therapists at a training that is focused on social and emotional support,”

Black Therapists Rock has grown exponentially over the years, and Young says because it quickly became a healing space.

“We are making sure that we sustain ourselves because if we burn out (like I was) what good is that? A lot of us have our own issues we’re still dealing with and might not necessarily have the resources we need ourselves. The stigma is stronger for therapists because we’re ‘supposed to have it together’ and know how to deal with our own stuff, but, we’re human,” adds Young.

Keeping wellness at the forefront of mind for her community members and fellow black therapists, who are looking for a tribe of healers to join, Young offers the following advice for black therapists and mental health advocates during Mental Health Awareness Month:

  • The first thing is to know that depression can happen to you. Most of us don’t think that we can be depressed. We say we don’t have time for that. So, make time to take care of yourself.
  • Don’t follow the philosophy that it’s you against the world. You’re human and deserve care just like everyone else.
  • Seek the care that you’re giving.
  • Avoid Isolation. Don’t go at it alone. The same ways that trauma comes in through other people—we need to get it out with other people.
  • Know what you stand for and why you do what you do. If you, like me, care about people that no one else cares about [working with].
  • Find your people, connect, and get plugged in online and off. You cannot heal other people without someone supporting you.

Looking for more mental health resources? Click here.



How to Improve Your Content Strategy to Become an Influencer

Creating good, influential content is not as straightforward as “build it, and they will come.” Without a massive ad budget, the best results come from having a solid (and at some times sneaky) content strategy. Here are three things you’re probably not doing that can help boost free traffic to your digital content and help you become an influencer.

Egobait Influencing

Egobait influencing involves including influential people in your posts in some way, hopefully encouraging them to share your content. One of the big problems small companies have when they start with content and social media marketing is that their few followers limit the reach of their posts.

This tactic effectively captures more established accounts to spread the word for you. You can find influencers in the same way that you found people to follow on Twitter. One way is to contact your influencer for an interview. This is best for ensuring they’re engaged with your piece, but you have to be aware that many may not have the time to answer your questions.

Alternatively, you can mention influencers in the piece without previously contacting them. This cuts down on the groundwork, but there’s less chance that you’ll get a share. The best tactic is to target as many influencers as possible in one piece, as this makes it more likely to get shares. The best way to do this is through a list, for example, this post on the “(BLACK) WOMEN IN TECH YOU NEED TO FOLLOW ON TWITTER.”

Outreach

Outreach can take many forms, but it’s mostly just telling people about your content. This may seem like an obvious suggestion, but there are certain tricks and free tools to make it much easier and more effective.

Use outreach as part of your influencer strategy to make sure your targets know about the post. These people are often busy, and contacted by hundreds of people a day, so a simple email or tweet may not be enough to get noticed.

Therefore, before your content is published, make sure you engage with these influencers across as many social media platforms as possible. Follow them, like their profiles and their pages, and share their content where relevant. This gets you on their radar before you follow up with the email or call once you’ve posted. You should also submit links to your posts on aggregate sites like Reddit and use Twitter to share your post directly with people whom you think might be interested. Get your content in front of as many eyes as possible.

Finally, there’s guest posting or offering content to another site intending to get a link back to your own. Always make sure to target sites with a wider reach than your own as well as a higher Domain Authority– search engine ranking score developed by a comapny called Moz that predicts how well a website will rank on search engine result pages You can use Moz’s free tool Link Explorer to check a site’s Domain Authority.

Getting Traffic to Your Content

Everyone likes to get free stuff, so competitions are a great way to get people through the door. The trick is to make sure you’re getting value for the prize. Anyone can give away a bunch of free stuff and get loads of entries, but what are you getting from it? It would be best if you found a way to harness all that attention.

Consider the method of entry. What can you get people to do that will get traffic to your content? Here are some suggestions:
• Get them to enter by sharing an article
• Get them to respond to a question, gathering data for an exciting blog post
• Get them to submit photos or videos, which you can then collate into a post
• Get them to provide an email address so you can add them to a newsletter



Ultimate Buy Black Father’s Day 2019 Gift Guide

Father’s Day is a celebration of fatherhood, male parenting, and those who have filled paternal roles in our lives. It is a great day, in particular, to honor and appreciate the black men who fulfill those roles. As Neville Hall Jr., co-owner of Bold Beardsmen and the creator of the #BoldBlackDads campaign said in an interview with Black Enterprise, “Black fathers are often stereotyped as absent, uninvolved, unconcerned, and hands-off when raising their children.”

Those perceptions are exactly why Hall created the campaign. “The #BoldBlackDads campaign was created to shine a light on African American fathers and reaffirm their importance as caretakers, teachers, and protectors in black families. Through this campaign, we stand to not only educate our audience on our products, but we have the great responsibility of reinventing the image of one of the most influential, special groups in America: our black fathers,” he said. “We have the privilege to be the voice of the risk-takers, the romantics, the hard workers, the unsung heroes, the grinders, and the family men,” Hall said of black men.

And we agree. Which is why we present the Ultimate Father’s Day Gift Guide with great gift ideas as well as a slew of products and services from black-owned businesses for the special father or father figures in our lives.

Simply click on each bulleted category name or image below to bring up the gift guide list for the category.

Buy Black Father’s Day 2019 Gift Guide


buy black gift guide

(lorenspratt.com)

 


buy black gift guide

(Image: shopcapitalcity.com)

 


buy black gift guide


buy black gift guide

(Image: harlemcandlecompany.com)

 


buy black gift guide

(iStock/michal_staniewski)

 



14 Entrepreneurial Thought Leaders From Black Twitter

In addition to expressing your concerns, discussing trending topics, and trolling Trump, Twitter can also be a great tool to learn, network, and gain business insight and inspiration. The social media platform gives users the ability to share their experiences, knowledge, and advice in bite-size nuggets. And perhaps the wisest, most vibrant corner of Twitter is Black Twitter. Black people on Twitter continue to set trends, make news headlines, and give great advice. Here are 14 successful black, entrepreneurial voices to follow on Twitter to help guide you on your journey to business success.

14 Entrepreneurial Thought Leaders From Black Twitter to Follow Now

@IAmAshCash

black twitter

Financial motivator Ash “Cash” Exantus is the co-founder and CEO of MindRight Money Management. He is also a wealth coach, speaker, and author, who will be a featured speaker at BLACK ENTERPRISE‘s FWD event June 19-22, in Charlotte, North Carolina. Get info here.

Follow him at @IAmAshCash.


@MsMadamMoney

black twitter

Tarra Jackson (Twitter.com/MsMadamMoney)

Better known as Madam Money, Tarra Jackson is a personal finance expert, speaker, and author. She has a range of experience working in financial services with positions ranging from bank training manager to vice president of lending, to interim president and CEO. She often shares tweets about investing and debt reduction.

Follow her at @MsMadamMoney.


@AlfredEdmondJr

Wall Street Project Economic Summit

Alfred Edmond, Jr., SVP, Executive Editor-At-Large at Black Enterprise (Photo credit: Gerald Peart)

In addition to being the Senior Vice President and Editor-at-large of BE, Alfred Edmond, Jr. is an entrepreneur who is widely recognized as an expert on personal finance, small business, mentorship, and leadership development.

Follow him at @AlfredEdmondJr.


@KarenCivil

black twitter

(Instagram)

Karen Civil is a budding media and entertainment mogul who formerly worked as the VP of marketing at Beats by Dre. Civil is also speaking at BE‘s FWD event.

Follow her at @KarenCivil.


@RamonRay

entrepreneurs

Ramon Ray hosting the 2018 Smart Hustle Small Business Conference (Image: John A. DeMato)

Ramon Ray is an entrepreneur, speaker, a personal branding expert, and best-selling author.

Follow him at @RamonRay.


@TristanWalker

Bevel

Tristan Walker, Founder and CEO of Walker & Company

In 2013, Tristan Walker founded Walker & Company Brands, a company that makes health and beauty products for people of color, including Bevel, the men’s shaving line. The company was acquired by the Procter & Gamble Company last year.

Follow Walker @TristanWalker


@RodneyBWilliams

Black Enterprise magazine May 2016 issue

Rodney B. Williams is a serial techprenuer who has founded companies like SoLo Funds, a mobile lending exchange app that connects lenders and borrowers in a peer-to-peer lending platform.

Follow him @RodneyBWilliams


@6Gems

Black Twitter

Kimberly Bryant (Image: Wikimedia)

Kimberly Bryant is the founder of Black Girls Code, a not-for-profit dedicated to providing young and pre-teen girls of color with access and opportunities in STEM-related fields. Through the organization, they are exposed to and taught in-demand skills in technology—including computer coding and programming.

Follow her at @6Gems.


@LadyBizness

Black Twitter

(Twitter/LadyBizness)

Chisa D. Pennix-Brown, MBA is the CEO of Lady Bizness, a social entrepreneurship and engagement company. She is also recognized as a leading small business facilitator in North Carolina. Follow her at @LadyBizness.


@JohnHenryStyle

Viceland

Hustle (Image: John Henry)

John Henry is the co-founder and partner at venture firm, Harlem Capital. He can be seen as the host of the Viceland produced show, HUSTLE. He has been cited by Forbes + Inc 30 under 30, and Ebony’s Power 100. Follow him at @JohnHenryStyle. Henry will also be a speaker at BE‘s upcoming business conference, FWD.


@iamspectacular 

Black Twitter

(Image: Spectacular Blue Smith)

Spectacular Smith is the founder of the social media marketing agency, Adwizar. He has been named as an Inc. 500 Entrepreneur and is a Multi-Platinum Recording Artist with the group, “Pretty Ricky'” He also can be found giving love advice as a Bestselling Author in his book SPECTACULAR LOVE. Follow him at @iamspectacular. 


@chamillionaire 

Black Twitter

(Image: Chamillionaire)

Chamillionaire is a platinum & Grammy award-winning recording artist and the founder of Convoz. He was previously an EIR @ Upfront Ventures and is an avid startup angel investor who is constantly seeking to educate the community. Follow him @chamillionaire.


@ArlanWasHere

Arlan Hamilton

Arlan Hamilton (Image: Twitter)

Arlan Hamilton is the founder of Backstage Capital. She has been seen on the cover of Fast Company and is big on helping underrepresented minority founders secure funding. She has been known to never shy away from a tweet. Follow her @ArlanWasHere.


@Luvvie

Black Twitter

(Image: Luvvie Ajayi)

Luvvie Ajayi is an award-winning writer, digital strategist, speaker, and podcaster, who’s been thriving at the intersection of comedy, technology, and activism for 15 years. She built her nonprofit, The Red Pump Project and blog, Awesomeness Luvvie, which were both notable entities at the beginning of her journey. She can now be seen and headr all over giving you advice on how to do better on her podcast @Rantsandrandomness. Twitter has become a very viable extension of her voice and platform. Follow her @Luvvie.

-Additional reporting by Sequoia Blodgett 



The Investing Habits of Wealthy Black People

Black households earning $200,000 or more are among the fastest growing groups in the U.S.  This is rarely addressed in discussions about black wealth, as the media and politicos focus so much attention on the bottom of the wealth gap, that they fail to highlight the strides that so many blacks are making. There is no intention to minimize the need for solutions to socioeconomic issues, but we can also learn a lot from the behavior, especially the investing habits of wealthy black people.

A study by Credit Suisse Research and The Heller School for Social Policy and Management at Brandeis University found that the top 5% of African Americans, those with a median net worth of $739,000 or more, have a more conservative approach than their white counterparts; owning less in stocks and bonds, and more in CD’s savings bonds, and life insurance. The study also found a higher level of investment in real estate outside of the primary home, 41% of non-financial assets, versus just 22% for whites in the same income bracket.

“This more conservative approach of the top 5% of African Americans to investing is understandable when looking at the constrained social mobility trends of the African American population and lower levels of overall economic security,” study researchers say.

“Owning land is what many of our forefathers experienced as a way to gain wealth. Also, the black community understands homeownership,” says Shelly-Ann Eweka, a certified financial planner with TIAA.

“We should focus on portfolio diversification for wealth building. This is not to say that real estate and entrepreneurship do not produce great wealth for individuals. You want to make sure that you are well-diversified when deciding on how to invest your assets to meet your financial goals,” she adds.

Eweka and others also emphasize the importance of working with a financial planner so that you can determine a productive asset mix that allows you to sleep at night.

-Editors’ Note: Updated from original publish date in March 2016



Black Woman Leads $10 Billion Cannabis Industry’s First Ever Online Summit

Cannabis is a $10 billion dollar industry, showing no signs of slowing down. In fact, it’s estimated that the legal marijuana market is expected to be worth $146.4 billion by 2025. As the industry grows, black people are being systemically blocked from access as a result of being targeted and stigmatized by the “war on drugs.” According to the ACLU, “of the 8.2 million marijuana arrests between 2001 and 2010, 88% were for simply having marijuana.”

African Americans are 375% more likely to be arrested for marijuana possession. The Cannaramic Online Summit is a five-day informational event designed to demystify and destigmatize cannabis for everyday people, and help change the tides in terms of access to the industry.

Summit co-founder Felicia Palmer spoke with BLACK ENTERPRISE about her transition from the media industry to the cannabis industry, and why the work is so important.

Black Enterprise: Can you explain your experience with breast cancer, and how it triggered your professional transition? 

Felicia Palmer: When I was diagnosed with breast cancer in 2016, it brought me to a place of taking a hard look at my life. I realized that I was responsible for my diagnosis in that I was abusing and mistreating my body — stress, morbid obesity, a sedentary lifestyle, and just overall not caring about myself. I learned that 95% of cancers are not genetic but lifestyle-related — what we eat, how we manage stress, exercise, etc.

I also learned how popular cannabis was in the “alternative’ cancer community — people were using high dose THC tinctures and concoctions and reporting tumor shrinkage and relief of chronic pain, sleeplessness, and appetite loss.

What was your process for deciding exactly how you could make a difference in marginalized communities’ experience with breaking into the Cannabis industry? 

I got into the cannabis space as a way to educate myself. And the more I learned, the more I started to understand what a powerful and vital resource we had at our fingertips.  And I saw how there was this emerging industry that was projected to be $23 billion. I saw the potential for how the cannabis industry could be a means for African Americans to achieve economic empowerment.

[RELATED: 11 TOP AFRICAN AMERICAN CANNABIS ENTREPRENEURS YOU SHOULD KNOW]

How did the idea of doing an online summit come about, and what was the process in putting it together and accumulating hundreds of thousands of anticipated participants? 

The idea of the summit was — as I’m learning about cannabis I wanted to take people along with me. So I said, I’m going to interview all of these experts and record their interviews and make them available for the world. I wanted to reach everyday people for cannabis — I didn’t want to preach to the choir. That’s where it got difficult — despite the fact that medical marijuana is legal in 33 states and states as Colorado, and California, have fully legalized adult use, marijuana is still considered a schedule 1 drug on the federal level.

So many of our typical vehicles to reach our communities won’t allow cannabis advertising. For instance, Facebook and Instagram are pretty much the gatekeepers to our communities with a reach of 2.38 billion people. They’ve taken the approach that cannabis pages are allowed but advertising about cannabis — even if it’s only educational — is not allowed. This is the basis of our lawsuit against Facebook. We are saying that, because they control the communication of pretty much the entire planet, they cannot censor valid public discourse of such national importance under the cover that they are a private company and can make their own rules.

What are the key takeaways and results you want participants to leave with? 

We want participants to come away empowered, informed, and ready to take action. They should understand CBD and medical marijuana are choices for their chronic illnesses aside from pharmaceutical drugs like opiates that are addictive and deadly. They will know the status of their state’s legalization efforts as well as how things are moving on the federal level and how they can take action in their town. If they’ve been directly impacted with a marijuana arrest or conviction, they will know what is being done to restore and expunge these records and what types of “restitution” opportunities are being made available to them.  And they will know about the opportunities for them to participate in the cannabis business and the important considerations to maneuver in this dynamic industry.

Can you explain what information will be shared over the five-day summit? 

We are going to be talking with over 25 of the top experts and leaders across the panoramic of the cannabis space — everyone from doctors, scientists, legal experts, activists, entrepreneurs, and athletes. Each day, the viewer will have the opportunity to watch an expert interview from our 5 different tracks: health, business, activism, lifestyle, and education.  Each expert will be presenting on a variety of topics from “How to Be An Educated CBD Consumer” to “How to Invest & Win in the Cannabis Industry,” to “The Future of Cannabis In Pro Athletics.” The full daily schedule is at cannaramic.com.

What are your predictions for people of color in the Cannabis industry? Do you see us getting a fair piece of the pie in years to come?

People of color are at a disadvantage already. The cannabis industry is already moving and we currently constitute less than 5% of the businesses in the space while alternately we suffered the most damage and destruction from the “war on drugs.”  The majority — I think 80% of the marijuana arrests were black and brown men of color so you see the huge impact this had on our communities. And we’re suffering a type of PTSD that makes it difficult for us to jump head-on into the cannabis industry — many of us see cannabis through a very dark lens due to the destruction in our communities by the war on drugs. So we have to get through all of that before we can even start to think about being in the business. Meanwhile, white men are already locked and loaded and have a majority controlling interest in the cannabis industry. That’s why this summit is so important.  We need to get this information to everyone in our communities so we can snap out of it and “get moving” as one of our speakers, Leo Bridgewater, says. We have got to be active with regard to the legalization efforts in our states and nationwide to ensure laws include provisions to expunge, restore and provide opportunities for those in our communities devastated by the “war on drugs.”  We need to recognize that cannabis is now and things are happening as we speak whether we are involved or not.  There’s still time, but we need to get moving now.


Black Enterprise Contributors Network



Wednesday, May 22, 2019

There Are Too Many Black People Without Insurance. This Startup Intends to Help With That

With a lack of insurance holders in the black community, Dennis McKinley saw an opportunity in the market. He launched Milk Insurance in order to allow everyone especially, people of color, to obtain insurance in any state that they reside in, as easy as possible.

Headquartered in Atlanta, Georgia, Milk offers auto, home, umbrella, renters, life, pet, travel, and ID theft insurance all online from most major companies. In an interview with BLACK ENTERPRISE, McKinley discuses the reasons he launched the agency and why it’s so important for black people to obtain insurance. 

BE: Why did you start an insurance company?

Dennis McKinley: Personally, the process of obtaining car insurance was just too time-consuming. It was just too much info and red tape involved for something that I thought was just so simple. I recently thought of the concept at the end of last year. I knew that I had the resources to provide a better way for everyone. So I partnered with the leader in Insurtech, Bindable. We made insurance a lot easier for people, especially people of color.

What has been the response?

We, as consumers, are leaning more and more towards the internet & our devices to make transactions. It has been mostly geared toward products; but now, what about insurance? What about the important stuff — the things that truly matter? So the response has been great. The opportunity to be connected to the important stuff like insurance and get it bound done via phone or the web; it’s easy & everyone likes easy.

black people without insurance

(milkinsurance.com)

Where do you see the biggest disconnect in black culture when it comes to obtaining insurance?

We look at insurance as a what if? We can’t see it, we can’t touch it, so we feel like it’s unnecessary. Until we need it, it’s too late. We need to always plan for the future and make sure we are covered on all fronts. Insurances should be looked at like a necessity.

Why is it important for black people to obtain insurance?

Insurance simply protects you against all risks of day to day life — with things of value and most importantly, yourself. Anything that you have that’s worth value including your life, needs to be protected at all times.

For more information, click here.



Tuesday, May 21, 2019

Kamala Harris Vows to Fine Companies That Pay Women Workers Less Than Men

Presidential candidate Kamala Harris unveiled her plan to close the gender pay gap by fining companies that pay women employees less than men for equal work. The U.S. senator announced the proposal during a campaign stop in California on May 19, noting that white women working full-time make 80 cents for every dollar a white man is paid, while women of color earn even less.

“In America today, women for the same work – for the equal work, on average, make 80 cents on the dollar,” said Harris, reports CBS News. “Black women make 61 cents on the dollar. Latinas make 53 cents on the dollar and this has got to end.”

Under Harris’ proposal, corporations with over 100 employees would have to obtain an “Equal Pay Certification” from the Equal Employment Opportunity Commission (EEOC) within a certain timeframe. Companies would also be required to prove existing pay gaps are not based on gender, but merit, performance, or seniority. Companies that don’t meet the standard to become certified would be fined 1% of their daily profits for every 1% of the wage gap allowed to persist.

“Companies that fail to receive this certification will face a fine for every day they discriminate against their workers,” explained a senior campaign official in an email to BLACK ENTERPRISE. “Harris’ plan will force corporations to be accountable and transparent.”

Over the next decade, Harris’ campaign projects that the fines would generate $180 billion, which would then be used to help fund paid family and medical leave. The proposal aims to eliminate pay disparities between men and women on corporations by placing the responsibility on companies rather than on employees, who, under current law, must file lawsuits if and when they find they’re not being compensated fairly. According to Politico, Harris’ plan also mandates companies to report the percentage of women in leadership positions and how many are among the highest paid employees at the company.

The Harris campaign added that if Congress fails to pass the proposal, she would use executive power to force companies that apply for federal contracts to comply.

Earlier this month, Harris introduced legislation to help students from underrepresented communities gain access to educational materials, mentorships, and work experience related to the fields of science, technology, engineering, and math (STEM). Under the 21st Century STEM for Girls and Underrepresented Minorities Act, $40 million would be authorized to fund a competitive grant program for school districts to improve participation in STEM education among girls, students of color, LGBTQ students, disabled students, and kids from low-income neighborhoods.

 



Not Reaching! A Pouch to Combat Police Brutality

Philando Castille was murdered on the day Jackie Carter was celebrating her son’s birthdayCarter told NBC BLK, “I’m more fearful for my son in a car here in America than when he’s serving in Afghanistan.” Castille and others, were killed by police as they reached for the proof that was requested of them. These tragedies, many deemed incidents of police brutality, led her to create something that can assist in providing a solution to these all-too-frequent crimes; because she too fears for the life of young black men and women. 

In taking steps to protect her son, Carter created a small, clear identification pouch which attaches to the driver’s side air vent of any vehicle. The pouches holds a person’s license, registration, and other necessary documents that may be needed in a random traffic stop. She calls it the “Not Reaching!” pouch; hopefully it will help in decreasing potentially dangerous interactions with police who seem to have a deep seated, intrinsic fear of black men and women. According to NBC Washington, Carter has so far sold over 1,000 units since launching the product in 2016.

The website where the Not Reaching! pouch is sold, is not just an e-commerce entity, but also a place for statistical information about the disproportionate number of traffic stops and potentially fatal encounters with police affecting black drivers in comparison to white drivers, and the bare minimum black drivers can do to protect themselves and hopefully make a random traffic stop as easy as humanly possible. The website has this message:

‘Not Reaching’ Pouch: A Solution

A solution to the fatal traffic stops experienced particularly by young, minority males throughout the country. Not Reaching! is an identification system allowing motorists to remain stationary in their vehicles during a traffic stop by eliminating reaching for identification after the request of law enforcement. Not Reaching is a start to a safe traffic stop and helps to de-escalate a tense situation.

no reaching pouch

(Instagram)

One of the biggest fans of this invention is Philando Castille’s mother, Valerie Castille, who has lent her full support to Jackie Carter’s product. She is, no doubt, still grieving the death of her innocent son.

If the Not Reaching! pouch is something you’re unable to invest in, then simply go to Staples, or any other store, and purchase a clear pouch where the important information is easily accessible.

Additionally, in the aftermath of recent violent confrontations during police traffic stops, AAA is offering guidelines on what to do and what not to do during a traffic stop:

  • Keep hands in plain view of the officer.
  • Avoid reaching or making sudden movements.
  • Never reach under your seat. Always carry proper identification: a valid driver’s license, proof of vehicle registration and current proof of insurance. Do not retrieve or reach for documentation until instructed.

Black Enterprise Contributors Network 



Monday, May 20, 2019

Billionaire Robert F. Smith Has History of Financial Activism Beyond Morehouse

By now, you’ve probably heard the astonishing announcement made by Morehouse 2019 commencement speaker Robert F. Smith. The black billionaire, who is CEO of Vista Equity Partners, committed to paying off the student debt of the entire Morehouse 2019 graduating class.

“My family is going to create a grant to eliminate your student loans,” Smith said during his commencement address, reports USA Today. “You great Morehouse men are bound only by the limits of your own conviction and creativity.”

Smith, who was recognized with an honorary degree from Morehouse along with award-winning actress Angela Basset, has been involved in a flurry of charitable acts involving education.

Earlier this year, he donated $1.5 million to Morehouse. A million dollars of the money will go toward creating the Robert Frederick Smith Scholars Program. The remainder will be used to the design and creation of a park that will serve as a new outdoor study area for students.

In 2016, Smith made a $50 million commitment to Cornell University’s School Of Engineering, his alma mater.

The school has since been renamed as the Robert Frederick Smith School of Chemical and Biomolecular Engineering at Cornell. The donation also funded the Robert Frederick Smith Tech Scholars Program. The program focuses on providing financial aid—particularly for minority and female students.

Smith is the founder, chairman, and chief executive of Vista Equity Partners. His company is No. 1 on the BE100s (BLACK ENTERPRISE’s annual list of the most successful black-owned companies) Private Equity list with $14 billion in capital under management. His company has been named to the BE 100s list for about a decade. Vista Equity Partners was BE‘s 2013 Financial Services Company of the Year.

He was also named to the Forbes 400—the magazine’s annual list of the 400 richest Americans.

Heralded as a private equity titan and Wall Street wiz, Smith started his early life out as a computer geek and even interned at Bell Labs. Although he worked in the STEM field for some time after earning a degree in chemical engineering from Cornell, the financial world beckoned. He attended Columbia Business School and ended up at Goldman Sachs. He served as the co-chief of the investment banking division.

After Goldman Sachs’ IPO, Smith founded Vista Equity Partners in 2000, investing in technology companies. In 2013, BE named the firm BE100s Financial Services Company of the Year and Smith as one of the Most Powerful Blacks on Wall Street. Smith made a shrewd move in acquiring Sunquest Information Systems Inc. for a relative bargain price of $327 million–$200 million in equity and $127 million in debt.

In a recent transaction, a Vista Equity-acquired company, Marketo, was sold to Adobe for $4.7 billion. The acquisition was just one of many acquisitions made by Smith, who compiled mass wealth by buying companies in the technology space.

At an event last year at the Oakland, California, home of business strategist Carl Hackney, Smith spoke with a gathering of mostly black politicians, venture capitalists, tech entrepreneurs, and philanthropists. He weighed in on the importance of investing in communities and his advice for future generations.

“Love your community by voting,” he said. “Love your community by taking care of your community. Love your community by actually doing something wherever you can.”

“Think about what is it that you uniquely bring to a community that changes that community. Sometimes, it is words of inspiration. Most of the time it’s acts of inspiration. It is doing something, it is leading, it is taking advantage of what it is you have to provide. Sometimes what you have to provide is walking a child home every night so they feel safe. Sometimes it’s making sure a child is read to at night because their parent is at work. Sometimes it’s a scholarship. Sometimes it’s the encouragement to go dream big, go take the test, go try something different, go get an internship. Or it’s creating an internship, like the internship I got at Bell Labs when I was 17 years old, that allows them to stretch their imaginations,” he also said at the time.

-Additional reporting by Caroline Clarke and Selena Hill

 

 



Sunday, May 19, 2019

Millennials Will Work Longer Than Their Parents If They Fail to Do This

How long do you plan to be in the workforce? Does retirement sound like a distant dream? How much money would you like to have tucked away for retirement? If you’re a millennial who has no idea how much money you need to retire and when you plan to leave the workforce, your retirement date may be later than expected.

According to research conducted by Aon, 2 in 3 workers will not have enough saved to retire comfortably by age 67. While many baby boomers and Gen Xers will be able to retire in their late 60s, most millennials won’t be prepared for retirement until age 70 or later.

Reports show that nearly 40% of young adults believe saving for retirement can wait. “Many millennials just starting out may struggle to balance paying down debts and saving money, especially for retirement,” said Julie Wilson, head of research for Navient, in a press release that shared the findings of the study of 3,000 millennials aged 22 to 35.

RELATED: 7 BLACK MILLENNIAL FINANCIAL EXPERTS TO FOLLOW ON INSTAGRAM IN 2019

Instead of saving for retirement, millennials are prioritizing goals that bring instant gratification such as homeownership, paying down debt, building an emergency fund, and saving for a vacation.

All of these choices come with a cost—some more than others. If millennials continue to prolong their retirement strategy, they will be forced to stay in the workforce longer than their parents.

What’s the solution? A simple conversation. The grim retirement numbers alone won’t get millennials motivated about developing a strategy but a conversation with a friend, family member, financial coach, adviser, or retirement planner can be life-changing and put things into perspective.

The reluctance to talk about personal finances and retirement goals on a regular basis in the black community is putting us at risk of not being financially secure during retirement. Money can’t be a taboo topic anymore. It has to become the norm in order for us to reach the levels of financial independence we hope to achieve.

In order to adequately plan for retirement, you need to know how much you should contribute, the best way to allocate your retirement funds, and the best strategies to meet your desired lifestyle goals. Sitting down with a finance or retirement professional can bring some clarity to one of the most important decisions you have to make during your lifetime.

“The generic default of a 3% contribution rate for retirement, used by many employers, is woefully insufficient and ill-fitting for most American households,” reports Stephen Wendel, Morningstar’s head of Behavioral Science at the 2018 Morningstar Investment Conference. “The right answer isn’t a new default: it’s a personalized analysis of what each household needs. Americans pay the price for not having advice tailored for their needs.”

In Wendel’s article, he points out that financial planning, investing, and investing behavior can increase an individual’s retirement readiness. Morningstar researchers note that all of these tools are most effective when more than one is implemented at the same time. If you are looking for the perfect combination of actions to take, personalized financial advice is essential to your success.

Most importantly, start taking action now. Or you’ll have to pay for it later by working longer.


Black Enterprise Contributors Network 



How I Landed My First TEDx Talk and How You Can Too

I often get asked this question by other entrepreneurs; “How did you get to do a TEDx talk?” My answer is simple, I pitched my idea, and after submitting my speech to the TEDx committee, I was selected as a speaker. Here are strategies you can use to share your idea and how to avoid the mistakes that I made that almost prevented me from reaching the TEDx stage.

How to Land a TEDx Talk

Shoot your shot

My goal in 2018 was to give a TEDx talk. I thought I had my talk figured out. My first talk was going to cover utilizing the power of innovation to help prevent military veteran suicides.

Although I considered myself a subject matter expert, having recently developed an award-winning mobile application that helps veterans access life-saving resources, my talk wasn’t well thought out. I pitched a local TEDx event and made it to the top seventh pick. However, I was not selected to speak and was encouraged to pitch the following year again. I was devastated, to make it that far and not have an opportunity to share my ideas.

Rather than soaking in despair, I kept the TEDx goal on my whiteboard hoping to have the opportunity to pitch my idea for another TEDx conference. In speaking with a colleague in the industry, I randomly shared an idea that I wanted to talk about. To my surprise, my colleague said my idea was a great topic to speak about and advised me to send in a speaker proposal for a TEDx event —”Shoot my shot” were her exact words. To my amazement, I was finally selected as a TEDx speaker.

Develop your idea

The TEDx organizers develop a theme for every TEDx event. Your speaking topic should reflect the theme of the event. Alter your TEDx pitch around the theme and you stand a better chance of securing your spot on the TEDx stage. TEDx themes are readily accessible on their event website.

If TEDx has been your goal, continue to stay encouraged. You never know who you will meet and present an idea to that might end with you speaking on the TEDx stage.



Saturday, May 18, 2019

The CEO of The Stork Bag Delivers Products to Pregnant Women Globally with E-commerce Business

Many people may be familiar with the story of the birds and the bees, but Ericka Perry has reimagined the story of the stork for mothers and moms to be as the founder and CEO of The Stork Bag. In 2014, the millennial boss and mompreneur created a curated reusable bag of thoughtful products tailored for expecting women. And over the past five years, she has been able to grow her brand internationally through her e-Commerce store, community, and social media marketing.

“The Stork Bag starts out similar to that of the birds and the bees.” says Perry. “The Stork Bag was created out of a personal need. When searching for a convenient solution to gift my pregnant friend, I was shocked when I noticed there was nothing on the market to streamline prenatal shopping, other than gifts for the unborn child, and maternity clothes,”

From that need, The Stork Bag was born.

The Stork Bag

The Stork Bag (Photo: The Stork Bag)

“When I came up with the idea for The Stork Bag, my first thought was coming up with something synonymous with pregnancy. Immediately, a stork came to mind, then I started to think outside the box a little and staying in line with the stork delivering a bundle. We decided to place our products in reusable bags as opposed to a cardboard box which people typically toss after they remove the products,” says Perry.

By paying attention to the world of retail, the influence of Amazon, and shopping trends, Perry began selling The Stork Bag exclusively online.

Understand the market and your audience 

“As a millennial, I knew that my generation and the generations directly before and after me relied heavily on the ease and convenience of online shopping. With my product, since we focus so heavily on providing gifting solutions, we felt that online would help us attract customers from all over the world, as opposed to being a regional product with a limited reach. Aside from those main reasons, having a product that started out centered around the subscription-based model, e-commerce was an integral part of our strategy to infiltrate the market,” says Perry.

As a result of doing business online, The Stork Bag has customers globally.

Perry’s unique packaging and branding (and products, of course) has set The Stork Bag apart from competitors and won over customers.

“Our Stork Bag branding has been a great benefit for our brand recognition. Our customers now easily recognize our brand just by our colors, specifically our ‘Stork Bag Pink,” she adds.

Aside from the branding, Perry and her team are intentional about what goes into the bag which requires time and research.

The Stork Bag

The second trimester Stork Bag

“In the beginning up until last year, my team used to go out and find particular products to fit into our bags based on trimester needs. Once they found the products online, they would reach out to the companies and request pricing samples, etc., and we would determine if the product would be a good fit based on product size, pricing, and perishability,”

With a growth mindset, Perry created a product submission process for prospect wholesale partners.

“Once the prospective partner submits their application, my team then reviews the application, paying close attention to things like, MOQ, wholesale/volume pricing, product turnaround times, exclusivity, and insurance. If there is interest after reviewing the application, we then request samples and base our final decision on size, packaging, and production ability,” says Perry

Always be learning

As a businesswoman, Perry highlights the importance of remaining teachable in order to sustain and scale her business.

“I’ve learned the importance of paying attention to margins, which is so very important for growth. I’ve also learned to pay close attention to shelf life when selecting products. Shelf life is extremely important when it comes to projecting how a particular product will sell. If it doesn’t sell as quickly as you thought, that could become very costly. I’ve also learned the importance of choosing the right manufacturers to work with.”

Interestingly enough, Perry works exclusively with women entrepreneurs and investors to make The Stork Bag possible. And under her corporation, MommyMaiDD, Inc., she has several trademarked brands and sells select products to her customers which set her apart from competitors.

With great success over the past five years, Perry wants to help you learn how to do business online and have a global reach through e-Commerce.

Join her at FWD in Charlotte, on June 20, to get the tools you need to build your business on your smartphone. Click here to get your tickets today to move your business forward next month!



Here’s How You Can Win A $5 Million Investment in Your Business

43North, a startup competition and accelerator program, is looking to invest $5 million in high-growth companies willing to relocate to Buffalo, New York. Since 2014, the initiative has invested in 44 companies with $800 million total in their portfolio and created 400 plus jobs in Western New York.

What’s the criteria?

  • Your company must be in the seed or post-seed stage
  • The founders and/or company team must be uniquely qualified to solve a problem
  • The company must have had earned revenue or have a clear path to revenue within the next 12 months
  • The company must have a deployable product.

In addition to a financial investment, the winners of the competition will receive free workspace in their incubator, the opportunity to operate free of state taxes through STARTUP-NY,* mentorship from industry leaders, access to their network of investors, customers, vendors, and alumni and marketing and recruiting support. 

So what do they want in return?

The company must provide 5% equity to 43North and the CEO and at least 50% of the company staff must relocate to Buffalo for 12 months.

43North believes that Buffalo’s strategic location, infrastructure, and workforce make it a place where startups can truly make their mark. They boast that it’s not only an amazing place to live—with great nightlife, world-class art, an eclectic food scene, vibrant waterfront, and super-affordable housing—but is also quickly becoming a startup hub.

Back in 2017, two black founding teams took part in the competition and they both came out on top. The teams were Femi Secrets, a company that provides the ultimate protection to women of all ages during their monthly menstrual cycle, and Squire, a B2B all-in-one platform that powers barbershop operations.

Buffalo

Femi Secrets, Founder, Davielle Jackson (Image: 43North)

Combined, the two companies took home a total of $1,150,000. This was also the first time in the history of the competition that two African American teams took home top prizes simultaneously.

To apply, click here.

 



LeBron James Joins Forces with Walmart to Provide 1 Billion Meals to Feed the Hungry

LeBron James is known for putting his money where his heart is and making good on promises. Since opening the I Promise School in Akron, Ohio, James has been committed to enriching the lives of students and their families through education and community building.

The I Promise School’s mission is to “positively affect the lives of children and young adults through education and co-curricular educational initiatives. We believe that an education and living an active, healthy lifestyle is pivotal to the development of children and young adults.”

With that mission in mind, James has partnered with Walmart and Sam’s Club for the Fight Hunger. Spark Change. campaign to help America secure a billion meals for local food banks. This announcement follows James’ $1 million grant to promote physical activity at his school.

According to the U.S. Department of Agriculture, one in eight Americans experience food insecurity. That’s nearly 40 million people who don’t know where their next meal is coming from.

“Growing up in Akron, the whole city supported my dreams; supported my friends’ dreams; gave us shelter; gave us food. We always felt like we had that support. Partnering with Walmart is about the commitment to the community. Walmart has done so many great things all over the world, but, it starts in their hometown of Bentonville, Arkansas—the same as me starting in my hometown of Akron, Ohio. We don’t forget where we come from.” said James in a video announcing the partnership.

As a part of Walmart’s five-year partnership with Feeding America, they have been able to provide 749 million meals to hungry Americans. And through this campaign, 150 million Walmart customers and Americans are being encouraged to purchase featured food items and make monetary donations towards the effort.

“As we go into our sixth year of the Fight Hunger. Spark Change. campaign, it’s exciting to approach the 1 billion mark in terms of charitable meals secured by Feeding America over the life of the program,” said Kathleen McLaughlin, chief sustainability officer for Walmart. “Food insecurity continues to affect communities across the United States. Working with Feeding America, our customers, members, associates and suppliers, Walmart and Sam’s Club aim to be part of the solution.”

With 251 million meals to go, James is determined to help them meet their 1 billion meal goal.

“The Feeding America nationwide network of 200 member food banks serves people in every single county in the United States. Food banks are not just providing food to our neighbors in need, they are providing nourishment, hope, and dignity. We are tremendously grateful to Walmart, Sam’s Clubs, and the 18 dedicated campaign suppliers for coming together through Fight Hunger. Spark Change. to help people who struggle to put food on their tables and for providing everyone the opportunity to give back.” said Claire Babineaux-Fontenot, CEO of Feeding America.

In addition to the campaign, Walmart will gift food to the I Promise School’s pantry with toiletries, clothing items, and other necessities to support students and their families.

Click here to learn more about how you can help end hunger in America with James.



7 Ways Soft Skills Keep Employees Engaged and Connected

Demetra Moore is the founder and CEO of Moore Out of Life based in Charlotte, North Carolina. As a certified professional coach and energy leadership master practitioner, she trains and consults organizations across the nation. When collaborating with organizations, Moore emphasizes how important it is for leaders to master their soft skills in order to keep their employees engaged and connected.

“It’s important for employees to have effective communication, leadership, confidence, a positive attitude, relatability, emotional awareness, problem-solving skills, and time management,” she told BLACK ENTERPRISE. “We call these key success skills, also known as soft skills.”

According to Moore, when company leaders lack soft skills, this can have a negative trickle-down effect on the company’s employees, culture, and bottom line. When employees don’t have good leadership to motivate them to meet expectations and deliver a great customer experience, then the brand essence can suffer substantially. The brand essence is how clients or customers feel about an organization and their experience when working with them. For example, a negative experience can be shared with thousands or even millions via social media within a matter of seconds. This can lead to a decrease in customer referrals, enterprise expansion, and profits.

Moore shared seven advantages that soft skills have in shaping a company’s culture and keeping employees engaged and connected.

Demetra Moore

Demetra Moore, founder of Moore Out of Life (Photo Courtesy: Adina Starke of Enchantment Designs)

Fairness

This ensures that management addresses the needs of everyone on the team by taking an interest in who they are and the value they bring to the team. This will allow them to have access to more opportunities in the future.

Engagement

Companies with higher employee engagement have less turnover and higher percentages of customer loyalty, profitability, and revenues.

Confidence

Soft skills put people at ease and allow space to build confidence and trust in the workplace. Confidence and trust in the workplace allows more opportunity for creativity, appreciation of colleagues, and support on projects.

Time

Burnout seems to be prevalent among both leaders and employees. Learning and employing the essentials of time management, work days can become less taxing, more productive, and this produces greater work-life balance.

Growth

Being intentional about creating a space for professional development really builds strong employees and saves organizations money. It can cost up to 33% of an employee’s salary to replace him/her.  However, if the employee feels there’s opportunity for growth and advancement, the likelihood of them staying is higher.

Communication

Clear communication allows employees to know their expectations, company vision, and values. It paints a clearer picture of how success is defined. It’s challenging to perform well and be productive when they don’t understand their role and more precisely, how their role fits in the overall scheme of the organization.

Stability

Unpredictability can be mitigated when using the right soft skills. Volatility within the organization can cripple your team and can lead to problems from employees disrupting other employees to not supporting initiatives altogether.



Friday, May 17, 2019

Network Like a Boss and Move Your Business Forward In Charlotte with These Tips

Charlotte has been listed over the past few years as one of the top cities for black millennials and entrepreneurs. For the second year in a row, BLACK ENTERPRISE will #BEintheQC to do business. This year, we’re helping innovators, creators, and founders move their businesses FWD and we’ve got the city behind us.

This year’s host Carlos V. Davis, founder and CEO of Stand & Deliver, LLC, will take the stage at FWD and he cannot wait to meet you. Davis is known as a connector within the community, and his company consults with individuals, organizations, and major corporations, helping them show up as their best-selves and deliver professionally. He wants to help you do just that. The networking expert and businessman has a few tips for you as you prepare to do business in Charlotte.

Carlos Davis Charlotte

Carlos V. Davis (Photo Courtesy of Stand & Deliver, LLC)

Move your business forward with these networking tips:

  1. Understand that networking is really about mindset versus strategy.
  1. Make your networking more about service and less about self: A lot of people make the mistake that networking is about promoting self and getting a certain about of cards. People don’t care about what you want to do, but, they do care if you have vested interest in what they’re trying to do and how you can help them. By implementing this strategy, you’ll really see the difference in how people see you and how they’ll become more attracted to you.
  1. Talk less and listen more: One of the most common misconceptions about networking is that you have to have the sharpest elevator pitch out there. If you’re willing to take a step back, listen, and ask more questions about what someone needs, people will be more apt to connect.
  1. Find ways to be resourceful: Many people tend to talk about how amazing they are, but sometimes their skill set may not be aligned with who they encounter.
  1. Networking is always about being an asset and bringing something of value to the table instead of always trying to get what you need.

If you want to move your business forward, meet BE and Carlos Davis in Charlotte June 19-22 at the Charlotte Convention Center for FWD. Grab your tickets today!

The post Network Like a Boss and Move Your Business Forward In Charlotte with These Tips appeared first on Black Enterprise.



Black Residents and Businesses Could Benefit Greatly from JPMorgan Chase’s New $125 Million Investment

Black consumers and entrepreneurs are intended to be big recipients of a $125 million investment by JPMorgan Chase to enhance the financial health of underserved communities.
The new five-year global commitment by the nation’s largest bank will assist those individuals in multiple U.S. cities, including San Francisco, Boston, and Oakland—to name a few.

Through collaboration with community groups, the investment also could advance the development of products and services to make banking available to more people. The bank will identify, evaluate, and help expand fintech solutions, and financial coaching programs to help people improve their personal finances.

A JPMorgan Chase spokesperson says black residents—including small business owners—are a key target group for the investment. And many of the targeted areas will be black communities.

The goal: Help people boost their savings, reduce debt, build credit, and reach short-term and long-term financial goals, whether it’s used for such purposes as college financing or getting a home.

JPMorgan Chase is investing in programs such as Compass Working Capital. The $ 500,000 commitment is to help public housing residents in Boston reduce debt in addition to building savings and improving their credit scores. More than 50% of the people that Compass serves are black—and the vast majority of them are women. The bank added 30% of its new branches which will be in low- and middle-income communities.

Chase’s investment runs through 2023 and amounts to roughly $25 million annually on average. The bank’s strategy is to conduct research and test what works for each segment of the population in each area before scaling it up to reach more people. The bank’s exact annual spend will depend on that.

The new philanthropic investment is part of the bank’s efforts to drive economic opportunity in cities globally.

“When we create opportunities that make prosperity possible for more people, we become stronger as a country,” said Thasunda Brown Duckett, CEO of Consumer Banking at Chase.

“Our firm is being intentional in our approach by bringing together our people, our products and branches, our digital tools, and our community investments so we can serve everyone, including those who need it most.”

The new services are needed to help improve the financial state of many Americans. Over 1 billion adults across the world struggle with managing their financial lives, according to the World Bank’s Findex. In the U.S., new research from JPMorgan Chase and Morning Consult found that:

  • More than 1 in 5 Americans are not saving on a monthly basis.
  • 52% of Americans do not have enough money saved or on hand for a $500 emergency.

That aligns with findings from the JPMorgan Chase Institute that most households do not have sufficient liquid assets to weather 90% of income and expense fluctuations.

JPMorgan Chase says the $125 million investment will help tackle these issues for underserved communities—including low-income women, immigrants, people of color and the aging—by supporting the creation, testing, and enhancement of innovative fintech tools that address their unique financial needs.

In addition, it will support the development and expansion of proven financial coaching and just-in-time resources that can help people weather unexpected emergencies and meet their long-term financial goals—from building credit to buying a home.

“Good financial health is a key component of creating economic opportunity for residents,” said Clarence E. Anthony, CEO and executive director at National League of Cities.

“JPMorgan Chase’s leadership and investments to help new Americans improve their financial lives ensure that everyone has the opportunity to fulfill their economic potential, live their dreams, and contribute their part in making America better.”

“Helping more communities access the tools that they need to manage their financial lives and meet their goals is a critical component of ensuring that more people benefit from economic growth,” said Colleen Briggs, head of Community Innovation at JPMorgan Chase. “Through this effort, we will test and scale promising financial solutions to support the prosperity of households and communities around the world.”

The post Black Residents and Businesses Could Benefit Greatly from JPMorgan Chase’s New $125 Million Investment appeared first on Black Enterprise.



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