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4 Steps to Avoid Entrepreneurial Burnout

Building a thriving business while fine-tuning your coaching toolkit, creating materials, and growing your client base takes a lot of time and hard work. For the female entrepreneur, it can take upwards of three years to build a success and solid coaching practice or business. There are a lot of competing factors; some are internal and others are external. A major contributor to burnout for female entrepreneurs is failing to get proper support or being afraid to ask for help.

For many women, the time spent building their business can be fun, magical, intense, and exhausting. Often, after leaving a certification program or obtaining business training, women are filled to the brim with presentation ideas, plans for women’s retreats, coaching offerings, and excitement about helping people. They get their websites up and running. They order business cards to handout to current and new contacts met during networking. They feel a fresh and hyper urgency to start working, supporting people, and making money. They are full of energy that seems never-ending and they cannot believe they are fully in charge of their work life. It is refreshing and dreamlike at this stage of business development.

At the same time, there is a lot to learn and because female entrepreneurs want to get out there and work, they consciously and sometimes unconsciously want to skip the steps of building a solid foundation for their coaching practice or business. They research and observe what other established business women are doing and will try to replicate a course, program, social media campaign, or anything else appealing that an established business person has going on. The disappointment when the replication efforts fall flat can be very defeating. She may wonder why things are harder than she anticipated. She may begin to resent the process of getting her name out there when it appears effortless for a colleague

4 Steps to Avoid Entrepreneurial Burnout

or established business owner. She may start to doubt the reasons she wanted to launch her business and consciously or unconsciously create mental obstacles that lead her to the black hole of entrepreneurial burnout.

With anything worth doing, it is important to remember that it takes time. The time it takes each person will vary and that is OK. Using another person’s success as a metric for one’s own success is a key ingredient that will have a new entrepreneur swimming in burnout soup before they can excuse themselves from the “do I measure up” table.

If you find yourself moving towards burnout, try the steps:

Step 1:  

List 5 things you thought about doing five years ago. Which of the things did you do/accomplish? Why?

Step 2:  

When you think about your future in [list time frame], what five things do you want to see in it? How would you describe your mood when these five things show up? What would you be feeling on a daily basis when these five things are achieved?

Step 3:  

When you are predicting how you would achieve these five things in [list time frame], how are you structuring your time on a daily basis? What resources are readily available to support you? What systems or strategies are you using to keep you focused and motivated?

Step 4:  

In looking at the mission statement for your life and transition, do you need to revise your personal or professional mission statement? Is your vision/purpose still clear to you? Are there any driving concepts that you need to add or omit?

Have you ever experienced burnout while building your new business or while working toward a goal? How did you recognize burnout? What did you do to take care of yourself?

Are you looking for practical tips and strategies to support you in your personal life? Do you want tools to enhance your career, leadership skills, or your business? Get Kanesha’s weekly eLetter delivered directly to your inbox. Each week you will be given access to impactful tools that will inspire and energize you.

 

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.

4 Productivity Tips for Work at Home Moms

Being a mompreneurs has always been a dream of mine. Because I have work experience in K-12 and university level education, I had a semi-flexible work schedule and I was able grow my career after becoming a parent. As our family grew, I wanted even more flexibility in my personal and work life, and I wanted my family to be highest priority. This value appropriately pushed me toward becoming a mompreneur.

4 Productivity Tips for Work at Home Moms

I often have conversations with other women who are work-at-home-moms (WAHM) and we always lean in a bit closer when this topic comes up, “I love working for myself. It is hard and fulfilling work. But, I am always wondering, when I see other work-at-home-moms, how is she so productive?”

That is a good question and the discussion can go in a variety of directions.

“I am so busy all the time and I feel like I am spinning plates.”

“My house is a mess, so I just work around it.”

“I wish I would get a big contract immediately so I could afford to have more childcare during the day.”

“Work is going great, but my clothes no longer fit. I do not have time to work out.”

“I have to schedule everything like a drill sergeant. I get things done, but that does not feel like my natural flow.”

“It is frustrating. I feel like I need to be making more money if I’m this busy.”

“I’m a happily crazy person. I wish I had better work productivity habits, but somehow I’m managing.”

“My car is my other office and it is a pit. I have work stuff and kid stuff all over.”

Before becoming overly frustrated or thinking other WAHMs have it figured out and you don’t, try these 4 productivity tips to shift your daily schedule.

Take care of yourself first thing in the morning. Having a morning warm up routine is important to set the tone for your day. Many WAHMs hit the ground running without focusing any attention on themselves. To start, give yourself 15 minutes, each morning, to do something that takes care of yourself. You could meditate, exercise, write in your journal, or sit quietly and sip some tea. Each week, add an additional 15 minutes until you have worked your way up to a full 60 minutes for morning warm up time. This will help you be mentally ready to start each day.

Schedule your activities based on your energy. It is always easy to tackle the items on our “to do” lists we love the most. When you are putting action items on your task list, schedule the hardest and the least exciting tasks when you have the most energy. This will help you feel productive as you go through the day. You are less likely to procrastinate when you prioritize task based on your internal energy clock. This will also help keep you motivated to keep your work flow productive.

Keep your work space organized. I have designated office hours, but sometimes I have to be flexible in how this works based on my family’s schedule. When I am working at home and I’m getting work done in between carpool, running errands, conference calls, and afterschool activities, it is easy for me to start and stop because my work space stays intact. I focus on keeping only a few tabs open on my computer, and I have the materials I need on my desk or on my kitchen table. I minimize any clutter that will distract me from completing things that need my immediate attention or that fall into an ongoing project. I also make sure I put everything away when my work day ends so I can start the next day organized and ready to go.

Release any guilt about securing childcare. I have heard clients and other mompreneurs say they feel guilty about hiring someone to help them with childcare. They think it is overindulgent and selfish. My response is, “Why would you put so much pressure on yourself to do everything by yourself?” Just because you are in business for yourself does not mean you have to do it all by yourself. It is okay to seek support and help. You can get childcare from a very part-time level to completely fulltime based on your needs and resources. If you know other mompreneurs, figure out how to create a childcare co-op. This is a great way to support each other and keep childcare costs low. Sharing a nanny with another family can also provide the right support for your WAHM schedule.

As a mompreneur, how do you keep your work days productive? What tools and support do you use?

Join the Bold Living Today community! If you are looking for practical tips and strategies to support you in your personal and professional life, get Kanesha’s weekly eLetter delivered directly to your inbox. Each week you will be given access to impactful tools that will inspire and energize you. You will also receive announcements about upcoming event.

 

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.

WE DIDN’T COME HERE AS PARTNERS

In a law firm, it is very difficult to make partner if you weren’t one of the founding members. You have to work very hard, show tenacity and be willing to adapt to the culture of the firm. Some lawyers never make partner. When they don’t, they are faced with 2 options: Accept the glass ceiling or strike out on their own to start their own firm.

It’s the same concept for blacks in America. Our first steps on these shores weren’t as founding members. I mean, really, we weren’t even employees. The frustration we feel today is strongly based on this simple concept that has been passed down for many generations. There is a lack of esteem, unity and pride in the black community. This disenfranchisement makes us feel defeated. We march, adapt and strive for acceptance, but this acceptance remains elusive.

I had a conversation the other day about commerce in America. I was explaining the sense of pride and lack of fear a White person has when they walk into any random business. They can enter into a business confidently knowing that the business they are about to patronize will accept them. It is subconscious confidence they never had to think twice about. Blacks, on the other hand, must always ensure we carry ourselves in a manner that allows for us to be “accepted”. If we don’t, we may not get respectable service or employment. See, the government can only do so much for equality. It can force “service” partnersbut it can’t force respectable service; an issue for a separate conversation. This is why arguing, fighting and debating over whom did what wrong and who didn’t, is futile. It is all subjective. But men lie, women lie and money don’t.

In this 21st Century, it is not the fault of Whites, or any other ethnic group, as to why we are fractured. It is that we are simply going about it wrong to make “partner”. We are seeking to become partners by attacking the morals of those that disrespect us. This really isn’t a moral fight, it is an economical one. Until Whites massively begin opening savings accounts at black banks and seeking employment at black businesses to help them grow, I will continue to believe that they are in a symbolic fight; not one that results in real infrastructural change.

Now, there are plenty of individuals that will find my thoughts divisive, and for those people I will strongly disagree. My position is that we should copy the steps of those who have risen to enormous power and unity. What they did, was done over 100 years ago. All they are doing now is maintaining their fort. So though it may seem like different steps should be taken today, those different steps towards morality can’t be taken by us just yet. Steps that derive respect are what should be taken. Those steps must be taken after we have established sound economics.

I am not saying we should pursue becoming superior. I am asking for us to seek partnership. Partnership in a country that we all played a role in to make it the great country it is today. The country I fought for in the military. The country we claim totes the torch of humanity, equality and justice for all.

Hillary, Rachel, Bruce, Barack: I don’t feel too Americanish today.

 

With all this talk about Rachel Dolezal, you know, the NAACP chapter president who posed as black even though she is white. Rachel fell into the trap of, not just fighting for black rights, but also trying to be one. Let’s dissect this for a minute. She did the opposite of Ellen Craft. Craft is deemed an American hero and now Dolezal is seen as evil. What is it really about? Is it about changing your race, who you are or is it so critical because she wanted to be accepted by blacks by being black? Bruce Jenner is brave for his change to Caitlyn but Rachel Dolezal is a coward for hers.

Riding home from the gym this morning, I was listening to a clip of presidential candidate Hillary ClDevin Up Closeinton’s weekend speech. To validate her position as the best presidential candidate, she spoke on all of her championing of women’s rights. Because of her speech, we woke up to a normal morning with the birds chirping and the dew on car rooftops. Why? It’s because she did nothing out of political protocol. You’re allowed to speak about women, which I support, especially seeing that she shares the same demographic as them. However, we have a sitting president in the oval office who is restricted from speaking about his.

President Obama was allowed to speak about the rights of immigrants, the rights of the LGBT community and even animal rights just as long as he doesn’t speak about black men. If he dare does that, he is forgetting that he is the president of the United States. When I hear people say that, in response to anyone urging him to push more black agendas, it makes me feel as if I am not American. It makes me feel as if he is being asked to speak on citizens on Mars because he is “only” the president of the United States. So what am I?

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I would almost bet that Hillary Clinton will speak on her demographic throughout her entire campaign without feeling retribution. I would even go as far as to say that if she gets elected she will be allowed to make public statements and steps towards the equality of women without criticism. I am sure it would be well-needed because there are areas women can be empowered in. But women aren’t the only group that is being discriminated against and held back. They are not the ones being locked up in record numbers, facing enormous unemployment and they are not the ones being innocently shot down by police officers.

It seems like the unwritten rules of the American culture is you when you march for animal rights, you’re a pet lover. When you speak highly of homosexuals, you’re inclusive. When you speak on veterans you’re a patriot. Pro woman is feminist, pro man is chauvinist and pro black is racist. So since I am not an animal, a woman or homosexual, it seems as if there is nowhere I can fit in with pride. So when Senator Barack Obama decided to campaign, he had no options except to talk about “hope”, meanwhile my hope goes out the window.

Is there a way to prevent another Charleston shooting?

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You never hear about mass shootings at gun ranges. As deranged as people claim to be, they are sensible enough not to attack a gun range. It’s simply because they know the workers there have quick access to guns to defend themselves.

 

The victims of that horrible shooting in the church in Charleston, South Carolina were attacked because the shooter knew that there were slim chances, “people praying were people packing”. So the coward victimized them. He felt confident.

 

It is not coincidence that it is unlawful for convicted felons to carry guns. Blacks have the highest annual felony conviction rate per capita. Gun laws were created in the late 19th century, primarily to keep them out of the hands of black people, more specifically, newly released slaves, who were often frivolously charged and convicted with felonies. The feCharleston Shootingar was what these freed slaves would do if they had that kind of retaliation power. Jim Crowism wanted to make sure in the event a white person attempted to victimize a black person, there would be a very slim chance they would be in possession of a gun and able to defend themselves.

 

These crimes that are committed against blacks are not isolated. They are targeted. They are targeted at a group of people they believe to be forgiving, disenfranchised and powerless. We have become easy pickings.

 

You may think owning a beauty supply store will also have isolated results. Not true. For every store opened the potential becomes: hundreds of thousands in revenue reclaimed, 2.5 jobs created and at least a million dollars in long-term net worth.

 

Our work and your participation in it have a very large context. First, you learn, then you own, then you possess leverage, then the community benefits, then we collectively acquire respect, then comes legacy and soon after comes respect.

 

Ownership must be our 21st century movement. Through strategy we gain and through business we grow. Eventually, the media will become frustrated with us because they would have less stories of the black struggle to cover.

 

SHOULD BLACK BUSINESS OWNERS HIDE WHO THEY ARE?

There is much debate over whether a black owner should disclose that they own a business when they are black. Some people would contend that business is the one place that is not prejudice. Those people would say that if you provide a great product or service, you will attract diverse customers. I beg to differ. There are 3 main things that are difficult for any budding black business owner to get:

  • Adequate funding
  • Diverse high-skilled workers
  • Diverse high-paying customers

These 3 aren’t just from people outside of the black community either. Even high-skilled black workers tend to lean towards corporate or governmental jobs, resisting the desire to sell their labor to small businesses. Make it a black-owned small business and those chances lessen.

Here’s my assertion, however. I understand. Hiding ourselves is a double-edged sword. On one hand, when we don’t hide, we can prevent people who prefer not to support black-owned business (oftentimes due do stereotypes) from supporting us, helping them gain a new perspective and earning that sale. On the other hand, when we hide ourselves, we don’t help non-black customers with diversity and help break stereotypes.

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Black people pop out the womb living in a diverse world. We have no choice but to patronize non-black businesses or we can live forfeiting some of life’s luxuries. So we grow up expecting to do so. But not whites in certain parts of this country and world. They are often oblivious to the simple point of who they have to hand their money to. They can go their whole lives never giving money to a black business and not live a diminished life.

The point I am making is we are in the last stage of the civil rights movement (economics) and we can’t get exhausted now. We shouldn’t expect massive success as black business owners at this stage or we can bring subconscious frustrating and misery into our lives. We have to know that we are continuing to build a better life for our children. However, when we don’t start businesses and focus on economic awareness, we extend discrimination to the next generation.

 

In other words, the good black entrepreneurs out there must work to help non-blacks become comfortable patronizing blacks by running superior establishments and from using our images in marketing material, to us helping them with the sale of the goods/services.

 

Hiding who we are is equivalent to being ashamed and feeding into the prejudice of other people. My mother always said to me growing up, “If you have to hide, then you are doing something wrong.” Are black entrepreneurs doing something wrong? Do we belong to a hate group? Do we belong to a terrorist organization? Are we running illegal operations? Do we feel it’s wrong to bring ourselves onto a level playing field?

 

I know it’s tough to do business as a black person. I truly do. We get difficulty from both sides; our people and other people. But we have to be pioneers. We have to be the change agents. We have to be those people that prove society wrong about the quality of our goods and the level of our services. We have to be proud to be black just as much as being proud to be an American, a parent, a fraternity/sorority member, an alum… we have to be proud. I wouldn’t say be boastful or obnoxious. Proud will do. And if you continue to do your best behind the counter of your business, eventually the community will do you too.

HERE ARE 44 THINGS BARACK OBAMA DID AS OUR 44th PRESIDENT OF THE UNITED STATES

Whether or not you agreed with his politics or leadership, you must admit that President Obama has gotten some things done. As symbolic as his presidency was, he was not a symbolic president. He actually worked and made his tenure memorable.’

Just in case you have had memory shortage, here are 44 things he did while he sat in office.

 

  1. Drawdown of War in Afghanistan: From a peak of 101,000 troops in June 2011, U.S. forces are now down to 30,000.
  2. Passed Health Care Reform: After five presidents over a century failed to create universal health insurance, signed the Affordable Care Act (2010). It will cover 32 million uninsured Americans beginning in 2014 and mandates a suite of experimental measures to cut health care cost growth, the number one cause of America’s long-term fiscal problems.
  3. Passed Wall Street Reform: Signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) to re-regulate the financial sector after its practices caused the Great Recession. The new law tightens capital requirements on large banks and other financial institutions, requires derivatives to be sold on clearinghouses and exchanges, mandates that large banks provide “living wills” to avoid chaotic bankruptcies, limits their ability to trade with customers’ money for their own profit, and creates the Consumer Financial Protection Bureau (now headed by Richard Cordray) to crack down on abusive lending products and companies.
  4. Ended the War in Iraq: Ordered all U.S. military forces out of the country. Last troops left on December 18, 2011.
  5. Eliminated Osama bin laden: In 2011, ordered special forces raid of secret compound in Abbottabad, Pakistan, in which the terrorist leader was killed and a trove of al-Qaeda documents was discovered.
  6. Improved America’s Image Abroad: With new policies, diplomacy, and rhetoric, reversed a sharp decline in world opinion toward the U.S. (and the corresponding loss of “soft power”) during the Bush years. From 2008 to 2011, favorable opinion toward the United States rose in ten of fifteen countries surveyed by the Pew Global Attitudes Project, with an average increase of 26 percent. pm banner
  7. Turned Around U.S. Auto Industry: In 2009, injected $62 billion in federal money (on top of $13.4 billion in loans from the Bush administration) into ailing GM and Chrysler in return for equity stakes and agreements for massive restructuring. Since bottoming out in 2009, the auto industry has added more than 100,000 jobs. In 2011, the Big Three automakers all gained market share for the first time in two decades.
  1. Recapitalized Banks: In the midst of financial crisis, approved controversial Treasury Department plan to lure private capital into the country’s largest banks via “stress tests” of their balance sheets and a public-private fund to buy their “toxic” assets. Got banks back on their feet at essentially zero cost to the government.
  2. Repealed “Don’t Ask, Don’t Tell”: Ended 1990s-era restriction and formalized new policy allowing gays and lesbians to serve openly in the military for the first time.
  3. Passed the Stimulus: Signed $787 billion American Recovery and Reinvestment Act in 2009 to spur economic growth amid greatest recession since the Great Depression. Weeks after stimulus went into effect, unemployment claims began to subside. Twelve months later, the private sector began producing more jobs than it was losing, and it has continued to do so for twenty-three straight months, creating a total of nearly 3.7 million new private-sector jobs.
  4. Reversed Bush Torture Policies: Two days after taking office, nullified Bush-era rulings that had allowed detainees in U.S. custody to undergo certain “enhanced” interrogation techniques considered inhumane under the Geneva Conventions. Also released the secret Bush legal rulings supporting the use of these techniques.
  5. Toppled Moammar Gaddafi: In March 2011, joined a coalition of European and Arab governments in military action, including air power and naval blockade, against Gaddafi regime to defend Libyan civilians and support rebel troops. Gaddafi’s forty-two-year rule ended when the dictator was overthrown and killed by rebels on October 20, 2011. No American lives were lost.
  6. Increased Support for Veterans (Finally!): With so many soldiers coming home from Iraq and Iran with serious physical and mental health problems, yet facing long waits for services, increased 2010 Department of Veterans Affairs budget by 16 percent and 2011 budget by 10 percent. Also signed new GI bill offering $78 billion in tuition assistance over a decade, and provided multiple tax credits to encourage businesses to hire veterans.
  7. Kicked Banks Out of Federal Student Loan Program, Expanded Pell Grant Spending: As part of the 2010 health care reform bill, signed measure ending the wasteful decades-old practice of subsidizing banks to provide college loans. Starting July 2010 all students began getting their federal student loans directly from the federal government. Treasury will save $67 billion over ten years, $36 billion of which will go to expanding Pell Grants to lower-income students.
  8. Created Race to the Top: With funds from stimulus, started $4.35 billion program of competitive grants to encourage and reward states for education reform.
  9. Boosted Fuel Efficiency Standards: Released new fuel efficiency standards in 2011 that will nearly double the fuel economy for cars and trucks by 2025.
  10. Gave HBCU’s Financial Boost:$98 million in new money for HBCUs at the Department of Education. (This could’ve been more, but hey, that’s me!) This includes a 5% or $13 million increase for the Strengthening HBCUs program and support for the $85 million in mandatory funding for HBCUs in the pending Student Aid and Fiscal Responsibility Act.
    1. $20.5 million for the HBCU Capital Financing program, to provide HBCUs with access to financing for the repair, renovation, and construction or acquisition of educational facilities, instructional equipment, research instrumentation, and physical infrastructure. This funding will support $279 million in new loans in 2011, more than $100 million more than in 2010.
    2. $64.5 million for the Strengthening Historically Black Graduate Institution program, a $3.1 million or 5% increase.
  1. Coordinated International Response to Financial Crisis: To keep world economy out of recession in 2009 and 2010, helped secure from G-20 nations more than $500 billion for the IMF to provide lines of credit and other support to emerging market countries, which kept them liquid and avoided crises with their currencies.
  2. Passed Mini Stimuli: To help families hurt by the recession and spur the economy as stimulus spending declined, signed series of measures (July 22, 2010; December 17, 2010; December 23, 2011) to extend unemployment insurance and cut payroll taxes.
  3. Created Conditions to Begin Closing Dirtiest Power Plants: New EPA restrictions on mercury and toxic pollution, issued in December 2011, likely to lead to the closing of between sixty-eight and 231 of the nation’s oldest and dirtiest coal-fired power plants. Estimated cost to utilities: at least $11 billion by 2016. Estimated health benefits: $59 billion to $140 billion. Will also significantly reduce carbon emissions and, with other regulations, comprises what’s been called Obama’s “stealth climate policy.”
  4. Passed Credit Card Reforms: Signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees. Thank you Mr. President!
  5. Eliminated Pay Equality Laws: Signed Lilly Ledbetter Fair Pay Act in 2009 (as a matter of fact, this was one of the FIRST things President Obama ever signed), giving women who are paid less than men for the same work the right to sue their employers after they find out about the discrimination, even if that discrimination happened years ago. Under previous law, as interpreted by the Supreme Court in Ledbetter v. Goodyear Tire & Rubber Co., the statute of limitations on such suits ran out 180 days after the alleged discrimination occurred, even if the victims never knew about it.
  6. Protected Two Liberal Seats on the U.S. Supreme Court: Nominated and obtained confirmation for Sonia Sotomayor, the first Hispanic and third woman to serve, in 2009; and Elena Kagan, the fourth woman to serve, in 2010. They replaced David Souter and John Paul Stevens, respectively.
  7. Improved Food Safety System: In 2011, signed FDA Food Safety Modernization Act, which boosts the Food and Drug Administration’s budget by $1.4 billion and expands its regulatory responsibilities to include increasing number of food inspections, issuing direct food recalls, and reviewing the current food safety practices of countries importing products into America.
  8. Achieved New START Treaty: Signed with Russia (2010) and won ratification in Congress (2011) of treaty that limits each country to 1,550 strategic warheads (down from 2,200) and 700 launchers (down from more than 1,400), and reestablished and strengthened a monitoring and transparency program that had lapsed in 2009, through which each country can monitor the other.
  9. Expanded National Service: Signed Serve America Act in 2009, which authorized a tripling of the size of AmeriCorps. Program grew 13 percent to 85,000 members across the country by 2012, when new House GOP majority refused to appropriate more funds for further expansion.
  10. Expanded Wilderness and Watershed Protection: Signed Omnibus Public Lands Management Act (2009), which designated more than 2 million acres as wilderness, created thousands of miles of recreational and historic trails, and protected more than 1,000 miles of rivers.
  11. Gave the FDA Power to Regulate Tobacco: Signed the Family Smoking Prevention and Tobacco Control Act (2009). Nine years in the making and long resisted by the tobacco industry, the law mandates that tobacco manufacturers disclose all ingredients, obtain FDA approval for new tobacco products, and expand the size and prominence of cigarette warning labels, and bans the sale of misleadingly labeled “light” cigarette brands and tobacco sponsorship of entertainment events.
  12. Pushed Federal Agencies to Be Green Leaders: Issued executive order in 2009 requiring all federal agencies to make plans to soften their environmental impacts by 2020. Goals include 30 percent reduction in fleet gasoline use, 26 percent boost in water efficiency, and sustainability requirements for 95 percent of all federal contracts. Because federal government is the country’s single biggest purchaser of goods and services, likely to have ripple effects throughout the economy for years to come.
  13. Passed Fair Sentencing Act: Signed 2010 legislation that reduces sentencing disparity between crack versus powder cocaine possession from 100 to 1 to 18 to 1.
  14. Trimmed and Reoriented Missile Defense: Cut the Reagan-era “Star Wars” missile defense budget, saving $1.4 billion in 2010, and canceled plans to station antiballistic missile systems in Poland and the Czech Republic in favor of sea-based defense plan focused on Iran and North Korea.
  15. Began Post-Post-9/11 Military Builddown: After winning agreement from congressional Republicans and Democrats in summer 2011 budget deal to reduce projected defense spending by $450 billion, proposed new DoD budget this year with cuts of that size and a new national defense strategy that would shrink ground forces from 570,000 to 490,000 over the next ten years while increasing programs in intelligence gathering and cyberwarfare.
  16. Tightened Sanctions on Iran: In effort to deter Iran’s nuclear program, signed Comprehensive Iran Sanctions, Accountability, and Divestment Act (2010) to punish firms and individuals who aid Iran’s petroleum sector. In late 2011 and early 2012, coordinated with other major Western powers to impose sanctions aimed at Iran’s banks and with Japan, South Korea, and China to shift their oil purchases away from Iran.
  17. Cracked Down on Bad For-Profit Colleges: In effort to fight predatory practices of some for-profit colleges, Department of Education issued “gainful employment” regulations in 2011 cutting off commercially focused schools from federal student aid funding if more than 35 percent of former students aren’t paying off their loans and/or if the average former student spends more than 12 percent of his or her total earnings servicing student loans.
  18. Invested Heavily in Renewable Technology: As part of the 2009 stimulus, invested $90 billion, more than any previous administration, in research on smart grids, energy efficiency, electric cars, renewable electricity generation, cleaner coal, and biofuels.
  19. Improved School Nutrition: In coordination with Michelle Obama, signed Healthy Hunger-Free Kids Act in 2010 mandating $4.5 billion spending boost and higher nutritional and health standards for school lunches. New rules based on the law, released in January, double the amount of fruits and vegetables and require only whole grains in food served to students.
  20. Expanded Hate Crimes Protections: Signed Hate Crimes Prevention Act (2009), which expands existing hate crime protections to include crimes based on a victim’s sexual orientation, gender, or disability, in addition to race, color, religion, or national origin.
  21. Created Recovery.gov: Web site run by independent board of inspectors general looking for fraud and abuse in stimulus spending, provides public with detailed information on every contract funded by $787 billion American Recovery and Reinvestment Act. Thanks partly to this transparency, board has uncovered very little fraud, and Web site has become national model: “The stimulus has done more to promote transparency at almost all levels of government than any piece of legislation in recent memory,” reports Governing magazine.
  22. Pushed Broadband Coverage: Proposed and obtained in 2011 Federal Communications Commission approval for a shift of $8 billion in subsidies away from landlines and toward broadband Internet for lower-income rural families.
  23. Expanded Health Coverage for Children: Signed 2009 Children’s Health Insurance Authorization Act, which allows the Children’s Health Insurance Program (CHIP) to cover health care for 4 million more children, paid for by a tax increase on tobacco products.
  24. Brokered Agreement for Speedy Compensation to Victims of Gulf Oil Spill: Though lacking statutory power to compel British Petroleum to act, used moral authority of his office to convince oil company to agree in 2010 to a $20 billion fund to compensate victims of the Deepwater Horizon oil spill in the Gulf of Mexico; $6.5 billion already paid out without lawsuits. By comparison, it took nearly two decades for plaintiffs in the Exxon Valdez Alaska oil spill case to receive $1.3 billion.
  25. Expanded Stem Cell Research: In 2009, eliminated the Bush-era restrictions on embryonic stem cell research, which shows promise in treating spinal injuries, among many other areas.
  26. Provided Payment to Wronged Minority Farmers: In 2009, signed Claims Resolution Act, which provided $4.6 billion in funding for a legal settlement with black and Native American farmers who the government cheated out of loans and natural resource royalties in years past. $1.2 billion of that went to black farmers.
  27. Crafting Next-Generation School Tests: Devoted $330 million in stimulus money to pay two consortia of states and universities to create competing versions of new K-12 student performance tests based on latest psychometric research. New tests could transform the learning environment in vast majority of public school classrooms beginning in 2014.

 

7 Websites that help you find black-owned businesses

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Blacks have endured a lot of hardship in America. Most of that hardship came from restrictive rights. We didn’t have the right to own, earn or occupy. When these restrictions were lifted in the 1950’s Blacks saw it as a situation of “hope”. We naively believed that our day had finally come. We believed that we were finally going to be seen as equal. In response to that, we abandoned our “own”, citing “ours” as inferior. Fast-forward to the 21st century, and that equality has yet to emerge. Black men are still being shot, lynched, maimed and falsely convicted.

Due to these unsolved elements of America, black people have decided to find “freedom” elsewhere. This elsewhere is being found in entrepreneurship. However, the fight isn’t yet over. There is a process getting blacks to trust and value black-owned businesses. Many of them remain hard to find, which makes finances slim and thus they are hard to be found.

Here are 7 sites that exists for that very reason: bring consumers to the black entrepreneur’s door.

  1. iZania.com – a social networking site for Black entrepreneurs, professionals, and consumers. The site includes a business directory, networking forum, online marketplace, blogs and more.
  2. WhereYouCameFrom.biz – a local business search app with up-to-date information on black owned businesses in the Atlanta area. The businesses are listed across categories and even ranked according to the number of referral counts received by peers.
  3. WeBuyBlack.com – the largest online marketplace for black businesses and sellers. Black-owned vendors include clothing and accessories, jewelry, toys and games for children, health and beauty products, products for the home, and more. rebuilding the black infrastructure
  4. Afroworld.org – is a web site of global black businesses and black professionals. Their slogan is “We Help Afroworld Professionals and Consumers Connect.” The site allows consumers to search for African American professionals and businesses by specialty or location, and compare quotes, reviews, and profiles on each Afroworld professional.
  5. BlackBusinessNetwork.com – this site specializes in marketing the products and services of black-owned businesses to black consumers. Business owners from all over the world can sell their products and services through the online store, and consumers can shop for products they know are made from Black-owned companies.
  6. PurchaseBlack.com – an online marketplace to find quality products from selected Black-owned businesses. They also have a mobile app that allows customers to search black-owned products and services.
  7. 2MillionJobs.com – an online initiative that encourages people to spend $20 every week with local and/or online Black businesses. Their goal is to create two million jobs for black workers and eliminate unemployment for blacks by the year 2017.

Don’t find them to ask for the hook-up or discount. Support them to the fullest with your finances. Happy shopping!

 

DON’T BE AN OVERZEALOUS SERVICE PROVIDER

It is no hiding that we are now in a service economy. The majority of our GDP is now comprised of service sector jobs. Health, Transportation, Advertising, Information, Professional Services, Education and Hospital are among the top tier of service providers. We are finding more service providers maximizing their talents and need for their services to maximize their bottom line. Sadly many anxious service providers focus on their own bottom line, even when they are not only doing business with consumers, but also doing business with customers.

There’s a distinct difference between a customer and a consumer. The key dynamic of a consumer is they use the service for personal reasons and do not resell it in any form or fashion. A business can be the customer of another business but that doesn’t make them a consumer. The consumer is the end user of a product or service. This can be a little confusing in some cases. For example, many would view a cab driver as a consumer of the gas he/she burns while driving their cab. But in actuality, the passengers of the cab are the consumers. They are charged a fee by the driver which includes the gas, tolls, insurance, maintenance, monthly payments (if any), etc on the vehicle. This concept is the same for truck drivers, who burn diesel to deliver goods, DJs at clubs or wedding receptions who are paid to entertain guests, and more.

There are countless examples where the consumer may not be directly consuming the product, but those costs the service provider incurs while delivering their service is passed to the consumer, or end user as we can also call them.

After looking at these examples, it is easy for us to see how many businesses can fail simply because of tunneled-vision service providers. They come by way of advertising mediums, insurance providers, designers, information technologists, merchant processors and more. Their focus lingers heavily on their own bottom line, while ignoring the fact that their bottom line is also tied to the bottom line of their clients. This concept is nil when it comes to businesses providing services to ‘actual’ consumers. In this case, the consumers’ bottom line is their disposable income, which is not tied to the employment of others, macro-economy or the solvency of a business. There’s a difference.

Service providers often operate with a dog-eat-dog mentality. They know their clients often need them, but they fail to realize that this is really a case of the dog eating itself syndrome; in reference to humans, known as “cannibalism.” If a service provider fails to have a clear understanding that they are not the only cost of a business, and therefore gouge who does business with them, they will not yield top profits, they will lose clients. The purpose in business is to give your customer more value than they pay for. They will come back every time. Every customer has, what is called, a willingness-to-pay threshold. Once the costs exceed the benefits, the service provider will also incur a loss; by way of losing the client and future clients in the lost client’s network.

Sure, there is a lot of blame to go around regarding the poor economy. However, at the end of the day we rarely blame ourselves and rarely have patience to build our businesses. There is a lot of money to be made by reducing your profit margin. I know. It sounds scary. But look at it this way. It is better to get 20% of the money from 100,000 satisfied and loyal people than get 80% of the money from 20,000 dissatisfied, ready-to-jump-ship disloyal clients. Look at how McDonald’s, Wal-Mart, Family Dollar, Southwest Airlines and other low-cost providers continue to lead the way. Be a service provider with a vested interest in the return on investment of your client and you too may also find yourself servicing a billion dollar company.

3 TIPS FOR AN ENTREPRENEUR WHO USES FACEBOOK

Facebook is a great platform for young entrepreneurs but only when it is used properly. The thing about me is I am a big fan of low input for high output techniques. Facebook is easy to use and a post only takes a few seconds to complete, plus the caveat is it’s free. If you look at social media across the board, they are all pretty much free. This is because the users are not the customers. They are the product. The advertisers are the customers who are looking to sell. So having these platforms free simply encourages more users to sign up and keep using the platform. This model is so successful that these platforms have become a way of life for many users. They can’t do without them. But what about for entrepreneurs, is this the way of the future for them?

The benefit of social media is it is a great way to gain exposure, but not necessarily always the outlet for sales immediately. Sales come through these outlets when companies (individuals) have a strong presence in traditional media (paid-for or publicity) outside of social media. Social media is the icing, not the cake. Sadly, new, young, and budget-sensitive entrepreneurs gravitate to this free means of marketing. The negative impact for these entrepreneurs take place when tYoung black woman CEO using computerhey spend too much time on social media; many of them having it tied to their cell phones, making them engaged with social media all day long. So let’s do the math: Let’s say you spend 16 hours a day attached to your cell phone and 8 of those hours monitoring and posting on Facebook but only get 3 sales per week, you pretty much had an input of 21 hours with an output of 3 sales. Depending on your price point, the cost of engaging in Facebook can be far greater than the benefits.

Our addiction comes from five things: 1. Free Postings. 2. The desire to be heard. 3. Easy. 4. Convenient. 5. Quick. This can cause damage to the progress of your business, especially if you (the multi-hat-wearing-CEO) are the one who manages the Facebook account. The time spent to think up something neat to say, post it and converse with your followers/friends can be a severe distraction from the major branding and growth of your business.  There are 3 ways to ensure you are not “over posting”:

  1. Ensure the post accentuates a marketing campaign on radio, television or in print?
  2. Treat each post as if it is costing you money to post ($10 is a good range) and treat each “surf” like a billable timer of $.50 per minute. This will teach you restraint.
  3. Will the post prompt friends or followers to make a purchase, give a referral?

I know of many aspiring entrepreneurs spend enormous time on Facebook engaging in posts and comments that may make them popular. But is it making them profitable? That’s a truth many of us run from. My favorite perspective of the top 3 is to consider Facebook a cost. If you had to pay for each post you wouldn’t post as much, and definitely not make much frivolous posts or spend so much time on it. Think of it like this. Facebook wouldn’t charge you to post because it would only decrease Facebook’s activity and this is the level of activity they are able to boast to advertisers about. But what you, as an entrepreneur, must refrain from is following the masses of consumer behavior. Your behavior must be measurable. It must be that of a producer. Use social media profitably, because popularity is just a contest that you can’t take to the bank.

Devin Robinson is a former business & economics professor, author of 9 self-help books and the founder of Urban Business Institute and Beauty Supply Institute. He is regularly involved in economic activism activities that benefits black entrepreneurs and leader of the #BlackBusinessMatter movement. Visit his various websites, MyPowerMove.com, BlackBusinessesMatter.net and DevinRobinson.com.