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Interview: Hair Products Manufacturer Starts Black Chamber of Commerce in Georgia

Sabrina Newby is no stranger to business. She is the owner of BouGie Natural®Salons and the maker of BouGie Natural® Hair Products. So it’s no surprise that she was led to form the Liberty County Minority Chamber of Commerce located in Hinesville, GA. She took some time out of her busy schedule to discuss this new endeavor and some of her ongoing aspirations.

What is your business background?
I first started TotalB.E.E LLC (Total Beauty Exuding Empowerment) in 2007 while working for the D.O.D. Then in 2009, I started BouGie Natural Salons and Hair Product Line. Our salons and product line is quite popular and successful. I attribute much of my business savvy to studying and researching business structuring.

hinesville chamber

What lead you to get into the business world?
I’ve always been fascinated by the likes of Steve Jobs, Bill Gates, Mary Kate Ash, John Paul Jones DeJoria and a few others. I’ve studied their stories for years (and still do) Then, in 2007, I decided it was time for me to step out on my own. I launched TotalB.E.E (Total Beauty Exuding Empowerment) I wanted to empower women. From there I started networking and hosting events for Black business owners in and around Liberty County. We would meet twice monthly at my store. Our networking mixers were quite popular, but as it grew so did my business, which caused me to relocate. I was focused on growing BouGie Natural, but my intent was to revisit our mixers and build on them. Which I did.

Why did you start the Chamber?
From hosting business events where we would network with one another and build business relationships, I was inspired to start a Minority Chamber of Commerce. I identified a need for it. It took some time, but we got it underway. After seeing other cities start their chamber I was compelled to bring a chamber here to Liberty County Georgia.hinesville chamber2

What are the goals of the chamber?
The goals of the Liberty County Minority Chamber, is to assure that our members benefit through services that not only sustain their revenue but increase their revenue. We are committed to the idea of each one teach one.

What are the chamber’s plans over the next year?
Implementing new programs for minority owned business.
Helping new minority owned business develop and increase their knowledge by offering free classes.
Growing our membership and to add to the economic development within Liberty County

Are there any upcoming events for the chamber?
We will offer classes and our monthly networking events. We have upcoming programs such as:
Biz Kidz – A program that teaches business structuring to our youth in a very fun way.
Mind, Body & Spirit – A program that promotes health and wellness to our Members.
Culture Clash – This is an opportunity to showcase your artistry while supporting other artists. Just to name a few.

How can people find you?sabrina newby
People can find us on our website: www.libertycountymc.org
Facebook: www.facebook.com/libertycountymc
Instagram: www.instagram.com/libertycountymc
Twitter: www.twitter.com/libertycountymc

Interview conducted by Black and in Business Staff Writer.

Beauty conference opens industry doors for black women

FOR IMMEDIATE RELEASE

May 9, 2016

 

CONTACT:

Ashanti West
admin@beautysupplyinstitute.com

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(Atlanta, GA)Beauty conference opens industry doors for black women.

Despite black women being the fastest growing entrepreneurial group in America, they continue to find difficulty becoming Beauty Supply store owners.

 

The sizeable problem in this $15 billion-dollar industry is one that Beauty Supply Institute identified and decided to address. The institute, founded by a Black Beauty Supply Store owner and economics professor, who was threatened with a golf club by a Korean owner for shopping too slowly, will hold its 6th annual conference in August.

 

The 2-day conference at the Sheraton Atlanta Airport will consist of 1 day of classes that will address the obstacles in the industry and how the attendees can get around them and Day 2 will consist of a tour of trusted distributors’ facilities.

 

Since 2006, Beauty Supply Institute has opened over 80 stores in America, Canada and the Caribbean owned mostly by black women. The conference has attracted attendees from as far as the Netherlands, Switzerland and Africa.

 

All attendees will leave with an instructional book on how to open a beauty supply store and a Beauty Supply Store Start-Up Action Plan outlining a specific checklist on where to go to get the help they need. black owned beauty supply

 

Registration is currently $449 and increases monthly. Conference is free for Capstone Elite members who have never attended.

 

The summer conference will be held in Atlanta, Georgia on August 6th and 7th, 2016.

 

For more information, go to BeautySupplyConference.com.

 

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#BlackBusinessesMatter Movement canvasses cities across the Southeast

#BlackBusinessesMatter Movement canvasses cities across the Southeast

(Nationwide) – #BlackBusinessesMatter began as a hashtag campaign but has emerged into a conglomerate of activists, speakers, trainers, economists, counselors, politicians and strategists who are steadfast about bringing economic sustainability to black communities by holding a series of events that includes speeches on strategy, a movie screening, a panel discussion and networking.#blackbusinessesmatter

The tour begins in July with 12 cities throughout the south and then expands into other regions of the country. The roundups will take place every week in either Georgia, Florida, South Carolina, North Carolina or Florida. Tour organizer, Professor Devin Robinson, a seasoned economics professor, army veteran and activist who has spearheaded the campaign for increased black beauty supply ownership resulting in over 80 stores opened under his leadership, stated, “Small modifications in the black culture will instantly propel us to significant wealth, income and sustainability. I lived it.”

Statistics show that 43% of all African-Americans have a business registered. 27% of those businesses registrations are dormant (not in operation) and 73% are active. Of the 73% that are active (generating at least $600 per year), 88.3% of those are operated part-time (weekends, while at full-time jobs on the side, moonlighting, etc.) and 11% are operated full-time. Of those that are full-time, 78% of those only have 1 employee (the owner) while 19% of them have 1.5 workers (1 full-time and 1 part-time) and +/- 2% have more than 1.5 workers.

The tour’s website stated that, “Black-owned businesses only account for about 0.1% of all business revenue in America. The reason is very complicated but this movement addresses some of the more critical problems, and for the people who attend, it provides them with resources to solve their unique problem.”

The tour is free to the public but those that register will be admitted to secure their seats firs. The select events will include the screenings of movies, “Black Friday” which highlights the question, “Will you leave bills or benefits when you die?” or the movie “Generation One: The Search for Black Wealth” and Dr. Boyce Watkins’, Resurrecting Black Wall Street: The Blueprint. The applicable filmmaker (and some cast members) will be present when their movie is being screened.

For specific information visit BlackBusinessesMatter.net.

Contact tour@blackbusinessesmatter.net for media inquiries or event coordination.

 

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IS THERE SUCH A THING AS MARKETING TOO SOON?

Most entrepreneurs start out with a great idea. This is where entrepreneurship is born; in the mind. It is usually born out of frustration over something in one’s daily life or some type of problem they would like to see solved. This is where innovation lives.

The problem with most entrepreneurs is they don’t even realize they have an entrepreneurial spirit until they actually want to start taking steps. They overlook those brilliant ideas that hit them on a whim and charge it off to just “another good idea”.

Because of this, most entrepreneurs don’t prepare and cultivate their spirit early. They don’t invest in building upon their spirit until they are at the place of actually producing a product, service or launching their business. Not preparing themselves for entrepreneurship way ahead of time is the very ideal that causes so many entrepreneurs to fail right out of the gate. They go into business thinking everyone will play fair, meanwhile the competition has been readying themselves for years with training and finance management. The competition already in business protects their territory and won’t throw you a housewarming or bring you a pie when you have your grand opening. Remember that! It’s a battle for the customer. no money

Recently, someone asked me to give them cheap marketing ideas for marketing their product. They even cited they were a single parent. It is something I commonly hear. (Sidebar: Ladies, stop doing that. Stop highlighting your “single-parent status as a way to play victim or get sympathy. It shows weakness, in my opinion. It’s like you’re starting off with excuses. Just know in your mind that you’re a single parent and deal with that privately. Don’t lead with that. Too much received sympathy will weaken your entrepreneurial prowess.)

Here’s what you need to understand in the grand scheme of things. When you are young in entrepreneurship, your focus should be on going and getting as big as you can. It should be rooted in the idea that you can win! Now, this idea should be invested in as well, way before it is time for you to market. This would mean that you’ve adjusted your life so you can set aside adequate enough funds to produce quality goods or services and are prepared to serve the wave of people that may come in from your marketing campaign. So let me get to the question. Is there such a thing as marketing too soon? No. Building-a-Business

Marketing is a culmination of activities: word-of-mouth, advertising, publicity, surveys, speaking engagements and more. You can get involved in these activities even before you actually have the goods or services ready to go as long as the market has an “expected time of delivery” and you meet that date. However, what you can do too soon is get massive exposure. You may not even realize how great your idea is until you see the demand you have created. You may not know how great of an idea you have until you begin marketing. However, once that crazy demand is created, then what? Are you ready to serve them?

The thing you really don’t want, especially as a new entrepreneur, is to create a bad first impression. Remember, you’re not some inconspicuous employee. You are the entrepreneur, the enterpriser, the owner, the face of the idea you just launched. What you don’t want is to go down in flames with a bad, shaky or flighty name, a place many entrepreneurs find themselves. When I see people wanting to market but have no money, I get scared for them. I worry that they may be another person with a bad experience at entrepreneurship who now relegates their self to a life as an employee because of the traumatic experience and criticism they received from their customers and friends due to such a bad entrepreneurial approach.

So, as you are working on your idea, work on putting up the money to fund it. Ensure you market within your ability to deliver on that promise to your customer. Exposure can be a blessing or a curse. Too many people want to hit “Good Morning America” but don’t have the money, time or capacity to meet the demand after the sale. And “after the sale” is really where your money is…

PART OF THE FIGHT IS TO DISQUALIFY PEOPLE

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What many naïve entrepreneurs and consumers don’t know is that in everything you do, you are being profiled. Business is more about psychology than it is about profits. Businesses know who will do what before they even do it. This is why there is a concept in marketing called, “Target Market”. It’s because businesses know who they want and who will make their ideal customer. While doing so, they disqualify some people and view others as “bonus” but not core.

In working in advocacy, it is the same thing. Not everyone will agree with your work. Not everyone will see what you are doing as relevant. Instead of these people going about their business, they sometimes throw stones at you so you can stop what you’re doing.disqualify

Here at Black Businesses Matter, we understand the true perils of real business people who happen to be black. We know that there will be a percentage of black entrepreneurs who may never face one iota of setback because of their skin. However, for many others, that’s not a reality. When we look at black statistics, we keep ranking at the bottom of the wealth pool in all categories except spending power but rank at the top of the “at-risk” warnings. So for those people, we exist. This movement exists for the people who know that no matter how good their business plan may be; the bank would deny their business loan because the bank doesn’t identify with us or the culture of some of the businesses we would like to pursue. We exist for people who know that despite their harsh home environment, they are rising from the ashes to be great anyway, yet institutions may view them as “expected to fail”. We exist for those people who have blemishes on their past and can’t get into the best schools, but are worthy of solid business and entrepreneurial training (not the superficial get-easy-money BS that floats around the Internet and social media every second) so we may good substantive entrepreneur training available for those willing to take the real time to understand how to be good at it.

We exist for certain black people who know that there is an abundance of issues that holds us back economically but would love to find a way to navigate their way past them.

Then, there are people who tells us we are being divisive, negative and cynical.

To those people, we simply say, keep it pushing. Walk on by and pass us up. You are not our target. You are disqualified; at least today… the day may come when you hit the brick wall and have your own eye-opening experience. The day may come when you wished you had prepared for being marginalized, dismissed or denied in business (or employment) just because of who you are, not because of what you’re about.

For the rest of you, let’s keep the train moving. Let’s make this moment in history, the moment we made the most progress restoring our forward momentum. This isn’t a game for us and we really despise those who attempt to derail good movements.

Lessons From A Female Entrepreneur: How To Work On Your Business While You Work In it

It may seem strange to some that in my article headline I specifically described the entrepreneur as “female.” Well, for me, growing up I did not know or “see” any female entrepreneurs. I grew up in the hills and mountains of West Virginia where most of the work was defined as industrious labor and blue color work. Yet, the first male entrepreneur I knew was my father. My father started work under the apprenticeship of a Caucasian man when the color lines were still drawn. However, because of my father’s motivation (he rode a bike to work many years before he could afford a car) and his tenacious work ethic, he gradually became his own boss until he passed away 15 years ago when the business was passed onto my youngest brother. My father left a successful legacy.

How To Work On Your Business While You Work In it

I reflected on this recently while participating in an online training series with a well-known author, speaker, and entrepreneur. She made a statement that caught my attention in response to a caller’s question. One that I had also recently explored. “How do you maintain a thriving business, keep relevant and knowledgeable with all of the social media and marketing outlets as well as to keep informed with the knowledge base in your industry, while performing the day to day work of the business?” When I became a self-employed business woman I did not anticipate such a rapidly changing world. I watched my father work 7 days a week sun up to sun down without any vacations. That is the work ethic that was modeled for me. Of course, now we have so much more information at our fingertips and working those long days without any breaks is unhealthy and unproductive. While trying to discover a balance, I developed the following keys to successfully negotiate building a business while working in it (without compromising my health, productivity, and time). I choose to leave a different kind of legacy for my family.

How to Work on Your Business While You Work In it

1.  Effective time management. Wake up the same time each day. Set aside the same amount of time each day to check emails, read your mail, and to go through all of the social media and marketing outlets. Prioritize which need more time and which ones can wait.

2.  Assign each day of the week a task to be done. For example, perhaps Monday is your writing day if you blog part-time, or writing a chapter for your book; Tuesday may be your teaching/lecture preparation day; Wednesday might be a day for paperwork/billing, etc.

3.  Build into your budget costs for conference and trainings. I would miss great learning opportunities because I did not factor the cost of traveling, training and materials into my budget.

4.  Develop a Master Mind Group. I think is the best idea ever developed. We all benefit greatly from the ideas, expertise, thoughts, and support of others who are like-minded in goal achievement.

5.  Eliminate the “I can’t” out of our vocabulary. As women we need to rid ourselves of the internal barriers that impede our growth and success.

6.  Read, read, and read. Read about successful others and how they maintained balance in their lives. There really is not much new under the sun…it’s just that some of us never learned it in the first place!

 

Dr. Angela Clack

About Dr. Angela Clack

Dr. Angela Roman Clack is CEO of Woman’s Empowerment Group International, LLC, an international coaching organization created to empower women to achieve their personal and professional goals in business and in their personal lives.

Entrepreneurship Requires Emotional Intelligence

Building a successful business is an emotional journey.  From vision to manifestation, entrepreneurial efforts teach us so much about ourselves.  It awakens things within us that we didn’t know existed, and challenges us in ways we never thought possible.   While everyone wants to succeed, the struggles of entrepreneurship can sideline the best of us at one time or another.   For some, it’s the challenge of staying committed, for others, it’s holding the vision, or being vulnerable, or pushing past fear.  If you’re an entrepreneur, I’m sure you know that staying the course isn’t always easy.  In fact, it rarely is.  This is just one of the pitfalls that comes with leadership.

Sometimes it takes a heart of steel and skin of leather to withstand them.  But you do it, because you’re called to do so.  You’re committed to producing a result.  You promised yourself that you would leave the world a better place.  And, whether you are a widget producer or a miracle worker, keeping your commitments takes self-awareness, spiritual fortitude, and emotional intelligence.  In fact, research from Harvard Business School demonstrated that Emotional Intelligence (EQ) is twice as important as IQ and technical knowledge in determining success!

What is EQ?  Emotional intelligence (EQ – Emotional IQ) if the ability to identify, control, and evaluate emotions.  It’s your ability to recognize emotions in yourself and others, to evaluate their usefulness, and to adjust your thoughts and actions accordingly.  As a leadership tool, EQ technology is highly useful.  EQ savvy entrepreneurs, CEO’s, managers, and visionaries of all types know how to sideline anxiety and emotional tension, de-escalate confrontation, and inspire teamwork calmly and confidently, bringing self-awareness, empathy, passion, and perseverance to bear in the most challenging of circumstances.

When you can identify what you’re feeling and the cause and effects of those feelings, your ability to transform and transcend challenges expands exponentially. In addition to the field of busin

ess and leadership, EQ technology has been applied in schools to help children develop prosocial behaviors and coping skills with great success.  As a tool for building relationships, EQ helps people understand themselves and to relate to others in a way that is both respectful and mutually empowering.  It’s easy to see why successful leaders all over the world are adding EQ to their list of best practices.  After all, successful businesses are built on successful relationships, and that’s what EQ is all about.  Learn more about EQ technology and its applications from books by Dr. Daniel Goleman – available on Amazon.

Are you ready to test your EQ?  *Here are some helpful questions to get your started:

  • Can I can stay calm under pressure?
  • Do I manage setbacks effectively?Entrepreneurship Requires Emotional Intelligence
  • How well do I manage anxiety, stress, anger, and fear in pursuit of my goals?
  • Am I able to accept criticism and apply it appropriately?
  • Do I recognize how my behaviors and those of others affect the collective?
  • Am I able to listen to others without jumping to judgments or conclusions?
  • Am I able to see things from a different perspective?

*Questions borrowed from Institute for Health and Human Potential EQ Quiz.  Get your EQ Score when you take the entire quiz at www.ihhp.com Test Your Empowerment IQ at http://bit.ly/EmpowermentIQ

 

About Lane Cobb

Lane Cobb

Lane Cobb is a Speaker, Transformational Author, and Holistic Wellness Coach committed to helping women enlighten their minds and empower their lives to heal, grow, and thrive!

 

If Companies Can Reinvent Themselves, So Can We…

For nearly a decade we’ve lived what Charles Dickens penned as “the best of times and the worst of times” in his 1859 novel: A Tale of Two Cities. Americans are recovering from one of the worst economic recessions since the Great Depression of the 1930s; major corporations have collapsed; people are being devastated by job loss, prolonged unemployment, home foreclosures, overwhelming debt, loss of their entire life savings, and suffering with the highest rates of stress, anxiety, and depression that America has seen in decades. Economists and business analysts have characterized this as the Era of Disruption.

Additionally, companies are faced with increased competition, accelerated change, and overwhelming complexity. It’s in times like these that we see a clear distinction between good and great companies who reinvented themselves and were prepared for this season of disruption, and those that barely survived, became irrelevant and ultimately ceased to exist. Companies such as Blockbuster, Borders Books, Harold’s, Circuit City, Linens ‘n Things, Lehman Brothers, Kodak, and many others either filed bankruptcy and/or went out of business because they were not poised or positioned to navigate through these waters significant change.

The Pizza giant, Dominos, is a great example of reinvention. After consumer surveys revealed

that their pizza tasted like cardboard, they went on national TV to admit that their product needed an overhaul. Subsequently, they introduced a new recipe and brand campaign. Lego, whose profits soared in 2009 to 63% when sales across the country were tanking did so by expanding to Asia and increasing sales in Europe. Of course, a blockbuster movie and a celebrity endorsement from David Beckham who admitted that he was building a Lego Taj Mahal added an increased boost to their sales and brand. Starbucks continues to reinvent itself. Not only are they still opening stores in new markets such as China and Europe, but they now enjoy a strategic partnership with the “brand queen” herself—Oprah Winfrey, and  launched the Oprah Chai Tea in 2014.

There are many other examples, but if these companies can reinvent themselves in this era of disruption, why can’t we as individuals do the same? As a success and leadership coach, and author of the bestselling book, Reinvent Yourself: Strategies for Achieving Success in Every Area of Your Life, I am intimately aware of the number of individuals who are at a crossroad in their lives and experiencing the effects of the global recession listed above.

If Companies Can Reinvent Themselves, So Can We

If Companies Can Reinvent Themselves, So Can We

In examining the strategies that successful companies employed in reinventing themselves, below are six key traits that they possessed and that we can apply to our own lives:

  1. They recognized that redefining what success looks like was a necessity. “What does success look like in your life?” is one of the first questions that I ask my coaching clients. Chances are, your definition today is different than it was 10 years ago, and what you thought was important then, is no longer a priority. As ‘life’ happens and we experience defining moments (good and bad), we have to constantly redefine what success looks and be willing to adopt new mindsets, skill sets, and strategies that enable us to shift with the vicissitudes of life.
  2. They were clear about their purpose and they stayed true to their mission and vision. Unfortunately far too many individuals can’t say the same. I ask this question of audiences around the world, “how many of you know your purpose and are living it?” Less than 25% of the hands go up. To identify your purpose, think about where you are the most gifted; what you would do if you knew you wouldn’t fail and you had the money to do it; and what you are most passionate about. Knowing your WHY brings meaning and fulfillment.
  3. They knew when to reprioritize their goals. As your definition of success changes, so will your goals. They should be aligned with your purpose and reviewed frequently for adjustments. If you want success in every area of your life, I suggest setting goals each year towards five key areas: Family/Household, Financial, Health/Wellness; Professional and Career Development, and Spiritual Enrichment.
  4. They consistently rebranded themselves. Whether you believe it or not, all of us have a brand. Your brand is ‘who you are’ and ‘what others know/say about you.’ It’s how you present yourself and the impression and aura that you leave. In essence, it’s your communication skills. This is particularly important in your career because hiring, promotions, new assignments, and performance decisions are made based on what others know about you. If you don’t know your brand, ask your friends, colleagues, co-workers, and your direct supervisor and start reinventing your brand.
  5. They made the tough financial decisions while also making great use of their corporate assets (physical, financial, and talent). This couldn’t be a more appropriate time to reestablish your financial management plan [i.e., budget], or to create one for those who have never done so. Examine spending habits and investments to determine where to make adjustments. Identify multiple ways of utilizing your gifts and talents to make money, and learn from the mistakes that may have contributed to the financial losses you suffered during the recession.
  6. They built and capitalized on strategic relationships and alliances. It’s been said that “your network, can determine your net worth.” Evaluate your inner circle to determine whether you are surrounded by N.I.O.P.s (negative influences of other people) or O.Q.Ps (only quality people), and establish diverse and mutually beneficial relationships that will enable your success.

Reinventing yourself is not just another buzz word, nor is it a fad. It is a journey, and a real solution to the realities of life that both organizations and individuals will inevitably face. Those who respond proactively and intentionally will be better positioned to enjoy the best of times even when the worst of times hit. And those who do not, will become extinct.

African americans can reinvent themselves and how we take on small business.

Dr. Davis, SPHR, SHRM-SCP, CSP, is President of SDS Global Enterprises, a strategic development solutions firm that specializes in Global Talent Management strategies. She is an accomplished corporate executive, a certified senior Global HR and Talent Management expert, a success coach, and a Master of Reinvention.

How Serious Are You About Achieving Success?

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An excerpt from my best-selling book, Reinvent Yourself

I have coached many professionals, at various levels and stages in their careers, including entry-level and mid-level supervisors and managers, officers up to and including vice presidents, senior VPs, chiefs, and CEOs. And I often ask them how they define success in their lives. Consistently, their definitions have varied based on gender, age, ethnicity, and their stage in life. But there are some commonalities. Here are a few examples of some of the most common responses I hear.

Some say that success is about having a great job and making good money. Some say their fulfillment lies in their personal relationship with their spouse or their significant other and with their children. Some feel that success is being personally wealthy and being able to buy anything they want. It’s having the car of their dreams. It’s winning the lottery. Some even tell me that success is being spiritually grounded in their faith, having good health, and living a long life. For others, success is retiring and being able to travel around the world.

I’m sure that many of these definitions resonate with you, as they do with most Americans. Statistics confirm that 40 to 45 percent of Americans—that’s nearly 100 million Americans—make New Year’s Day resolutions and set goals under the premise that their lives will be better off and more successful if they accomplish these new goals. The most common New Year’s resolutions include losing weight and getting healthier, finding a new job, spending more time with loved ones and friends, quitting smoking, and getting out of debt. Even so, according to a recent USA Today article, nearly 50 percent of those goals are abandoned by the end of January, and only 40 percent of them are maintained beyond six months.

Where Do You Invest Your Time, Talent, and Treasure?How Serious Are You About Achieving Success?

One way I encourage my clients to consider how they define success is to have them look at how and where they invest their mental, emotional, financial, spiritual, and physical energy. If I were coaching you, I’d want to know what you really spend the majority of your time doing and thinking about, and planning for and working toward. If I looked at your daily planner and your checkbook, and at your debit and credit card statements, what would it tell me about what’s most important to you?

I’m a big believer that where one invests one’s time, talent, and treasure is a clear demonstration of where one’s heart is committed. Where you commit your resources and energy says a lot about who you are and where you’re going, where you’ve been and what you believe, and what legacy you will leave. One of my favorite authors, John Maxwell, has written a number of great books on success and leadership (How Successful People Think; The Difference Maker; 21 Irrefutable Laws of Leadership, to name a few). He describes success as a journey. It’s like a cross-country trip—just use your imagination and envision such a trip with me. It’s a trip that’s filled with beautiful scenic views and signs and guideposts. But also along the way, the trip comes up against rocky roads, hills, valleys, mountains, and deserts. So in order to get to the right destination, you have to have a roadmap or a navigation system. Unfortunately, too many people take trips without using a roadmap and refuse even to ask for directions when they get lost.  In other words, success doesn’t just happen. Like most things, it requires that you go through a process or a journey in order to achieve it. You may ultimately reach your destination, but along the way you will experience some peaks and some valleys. Successful people know this, and they’re willing to take this journey.

They actively invest in themselves. They require constant self-discovery. They’re growing and developing new knowledge, skills, attitudes, and perspectives. Plus, they’re meeting new people and expanding their network, and doing things that benefit others as well as their society.

Unfortunately, most of us are not making the right investment of our time; we are not doing things that lead to success. Research tells us that the average American spends 20 to 28 hours a week—that’s three to four hours a day!—watching television, when we could be using that time developing fresh skills or learning something new. The Consumer Expenditure Report published in 2011 by the Bureau of Labor Statistics revealed that individual consumers only spent $945 on education for the year. (This includes personal development activities such as attending a seminar/workshop, taking a college course, learning a new language, etc.) And purchasing reading materials made up only 0.2 percent of the average consumer’s income, which equates to about $118 a year. This means the average consumer spent only $9.83 a month on reading materials—Yes, that’s correct: only $9.83 a month!

A Huffington Post/YouGov poll conducted in October 2013 revealed that 28 percent of Americans haven’t read a book in the past year. And, what’s even more shocking, the Consumer Expenditures Report for 2011 mentioned above revealed that the average consumer spent nearly $2,700 on entertainment, almost $500 on alcoholic beverages, $323 on tobacco products, $588 on personal care products, and over $1,800 on clothing.

Wow! I don’t know about you, but the message is clear. If I were to look at the average American’s bank statements and credit card bills and daily planners and see where they’re investing most of their time and their money, I’d likely see time spent at the movies, video stores, concerts, shopping malls, liquor stores, restaurants, hair care product and nail salons, day spas, and other personal care shops. But I wouldn’t see much time spent at the library or buying a book from the local bookstore, or attending a seminar at the local college, or even listening to motivational CDs or DVDs or MP3s—and I certainly wouldn’t see time spent enrolling in a career or professional development program.

If you’re one of those consumers who finds him or herself spending frivolously and wastefully without anything to show for it at the end of the year, or at the end of each month, now is the time to redefine what success means to you.

Is success for you a repeat of that vicious cycle of dressing up outward appearances and having a short-lived good time on the weekend, only to wake up every day trying to fill a void and facing an emptiness caused by a lack of fulfillment? Do you want to enjoy life or endure life? Do you want success in every area of your life? If so, it’s time to Reinvent Yourself. And what better time than now to set forth a new direction and make the necessary investments towards your success. As 2014 comes to a close in less than 45 days and 2015 arrives, start by investing in your personal growth and development.

Remember, success starts with oneself, and it works its way outward—not the opposite. And when you have true success, when you have true fulfillment, it flows through every area of your life.

Dr. Davis, SPHR, SHRM-SCP, CSP, is President of SDS Global Enterprises, a strategic development solutions firm that specializes in Global Talent Management strategies. She is an accomplished corporate executive, a certified senior Global HR and Talent Management expert, a success coach, and a Master of Reinvention.

Tips For Entrepreneurs: Invest In Yourself

A former student of mine, who is now in her mid-30s, contacted me about starting her own business.

She wrote:

“Hey there!

I see that you and the family are doing well. I had a question for and hopefully you’re willing to help me out on this. I’m thinking of starting a consulting/coaching business and I love everything that I see you do as far as branding and marketing your craft. Even the type of events you’ve been a part of or hosted are things I’d like to ultimately have as well, down here in NC. I wanted to know how you got started and what steps would suggest a newbie take in beginning this sort of business. How did you figure out your niche? Any advice you may be willing to give, I’m completely open to.

Thank you!

S.S.”

As a coach supporting people with transitions, the first question I ask when I receive an inquiry like this is, “How do you feel about investing in yourself?

To launch or go for anything that is important to you, you have to be open and willing to invest in yourself. Changing and growing uses a lot of internal and external energy. In order to put yourself in a position to create your business, respond to opportunities, collaborate with others, learn what you do not know, use failure as your teacher, and keep your entrepreneurial momentum, you have to be willing to invest in yourself.

Tips For Entrepreneurs

Here are the 4 initial investments I told my former student to make in order to get started:

1. Make sure you have a good wellness plan. In order to put forth your best efforts, you need to take good care of yourself. Working hard as an entrepreneur may cause you to put your wellness efforts on the backburner, but that will send you to the timeout corner of burnout before you can get a good start. Invest in wellness tools, such as a gym membership, nutritionist, or healthy meal deliver service, to keep your health on track.

2. Get the right computer and other electronic equipment for your needs. I have seen a lot of entrepreneurs try to build their business while working their regular job. They use their employer’s supplies, computers, copy machines, and a host of other office tools. This is a big no no. When you are branching out on your own, be sure to invest in the right equipment for your needs. This may mean purchasing your own computer or mobile phone.

3. Find or create a workspace that minimizes procrastination. As an entrepreneur, your ability to be productive is up to you. You are your own motivator and driver which means you do not have a lot of time to waste. If you are working on your business fulltime or part-time, it is important to get to work without a lot of distractions. Find a workspace that allows you get things done with the time you have. This may mean investing in a membership at a workshare location. If you have space in your home to create dedicated workspace, make sure invest in the right furniture and have needed supplies on hand.

4. Find a mentor, coach, training program, or join a mastermind group. You do not have to figure out everything out on your own as an entrepreneur. It is okay to get help. Think about writers and public figures who you admire. Research the books they have written or venues where they may be speaking. Find out if they offer any specific training or mentoring and sign up. Investing in training that will improve your skills will support you in staying motivated and doing a great job as you create and grow your business.

How have you invested in yourself when you started your business? What would you add to this list?

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About Kanesha Baynard

 Kanesha Baynard
Kanesha Baynard is a certified life coach, educator, facilitator, blogger, and crafter. Kanesha trained directly with the masterful Martha Beck, monthly columnist for O, Oprah’s Magazine.