Entrepreneurship (8)

I did not start my business on Periscope, one of the fastest growing live stream applications in the world. But, I will tell you that it has helped me to grow my business in amazing ways. My social media reach has completely sky rocketed. I have more clients, and I am able to convert them at an extremely high rate. Before, I would onboard a new client a couple of times a month. Now, it is more like every couple of days! It is absolutely amazing. I took the extensive skills that I had as a corporate trainer, instructional designer, marketer, and coach and transferred them to Periscope. I could not believe the growth.

I average 100 new followers every week. And, trust me, I had little or now live streaming or social media background. I made a few mistakes early on and learned some valuable lessons. In order to really use live streaming effectively, I have found that it takes three key things: a strategy, a great topic, and crucial feedback once you get started. I mentor entrepreneurs how to use the power of live streaming to build businesses around their courses for long-term sustainable growth. Here's a link to one of my scopes where I have almost 700 people come on live. I made $2938 within an hour of this scope.Click here to watch it. If you are ready to get off the sidelines, schedule some time on my calendar, so I can help you develop a strategy for totally up level your business using live streaming. Follow me on Periscope @kdcoursebuilder. I broadcast Monday through Friday. Now, let's Crush Your Course

Kat

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Over the course of two years, my television habits have changed a lot. I found myself craving more and more scripted drama over Reality TV. It seems like it just one show with a ton of spin offs – the Kardashian Clan and their many shows, Housewives of X (pick a location/sport) and so on. Yes I am going to admit that I watch a few and was obsessed with them for a while but after figuring out their formula they got boring. For example I used to be a huge fan of MTV’s The Real World (the 1st reality show) but after a couple of seasons you figure that every cast is going to have at least one minority – whether its race, sexual orientation or religion. Just the right ingredients to stir up fights and lots of drama, then add alcohol to the mix and the main course is ready to serve.

There were a few shows that capture my attention and I am sad that most of them don’t last very long. This past weekend Centric (sister channel to BET) aired a marathon of Daddy Girl’s a spin off of Run’s House, which followed the lives of Vanessa and Angela Simmons (oldest daughters of Rev Run). I liked the show especially when we got to see how they grown their business Pastry from just a sneaker line but to include fashion as well. Why can’t see more reality shows that depict small business and entrepreneurship... [read entire post]

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images?q=tbn:ANd9GcQ9HaKHhLxMbxv5dn2zHN_I4BSj9NR6w8Sdz1zYL-ErgiKexmGPAA&__SQUARESPACE_CACHEVERSION=1312150873637Sure many successful entrepreneurs (myself included) will tell you how they've either maxed credit cards, over extended themselves, moved in with parents, sold cars, lived IN their cars, spent their entire life savings or 401k on their dream all in pursuit of their dream and destiny. Many of them took a gamble and won having built lasting profitable businesses and wealth. One of my clients successful built her company to 7 figures after being at the brink of bankruptcy, repossession, and financial ruin.

Entrepreneur.com list it's 25 Common Characteristics of Successful Entrepreneurs and these are all dead on many of them echo the traits needed such as "creating  plan" to learning to work with integrity and so one, however there is one that is missing...

I'm adding #26 and making it #1, you MUST have a plan for how you will get your Personal Affairs in order. This means from your  personal finances to improving your credit if it's challenged, to your relationships. It's no secret to successful entrepreneurs that your personal life (particularly for women) has a direct effect on your business. Taking risk in your business is a given and while I'm neither for or against risking it all (I'm more so on the "for" side) Ignoring your personal affairs can certainly lead to undue stress.

#1 Get Your Personal Affiars in order

From your relationships, drama, and finances. If you are Planning to risk it all you NEED to have a strategy! Failing to plan how you are going to navigate and survive or deal with a mate that is unsupportive or how you plan to manage your health care can mean the difference for some of success and failure.

While it is important to have a plan BEFORE you start your business. The reality is MOST of us won't, we'll fly out into entrepreneur land blind. Hey I'm not mad at you, I get it I'm with you 100% but at some point you must get some order to your personal life in order to reach the optimal success you want to achieve in your business life. I'll share more about my own personal story tomorrow, but for now here are some steps you must take now.

1. Pull your personal credit report and get an understanding of where you credit stands. If you have challenges you may not be able to fix them overnight, but get clear on where you are so you can make a plan.

2. Make sure your tax returns are filed or at least you have a strategy and plan in place and know where you stand with the IRS. The worse feeling is being on top of the world in your business and then BAM! You are hit with an audit on the personal side. See it with clients...you don't want this.

3. Get an Life Insurance policy for yourself and your family. Leaving a comfortable 9 to 5 where they (should) provide life insurance for you, many entrepreneurs simply don't think about this when whey start out on their own. Sure you want your business to be your insurance policy but be realistic. If you are a young person be sure to have a plan of how your family will survive if you become disabled.

4. Create a Will. I hope you didn't create your business but have no plan of how it will pass on after you? Create a will for how you plan to leave your business, or other assets. A living will may be good as well to cover how things should be governed should you become disabled and unable to care for your family or your business.

5. Create a salary for yourself in your pricing. If your fee for coaching is $100 an hour, make sure you know that about $75 is going to go just to cover expenses, pay insurance, travel etc. That leaves you with $25 an hour to live off. If this isn't going to be good for you, then maybe you need to increase your hourly rate to $150 or $200 an hour. 

 

Check here for the rest! 

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Katrina M. Harrell is author of "Embrace.Your.Journey.: 180 Day Journey to Unlocking Your Wisdom, Redefining Your Success and Discovering Your Abundant Wealth" (The Sum of Her Publishing, 2011). President of the KM Harrell Group, LLC a Strategic Business Development & Management firm supporting minority and women-owned businesses. Her firm’s consulting services have helped many minority and women owned businesses establish foundational structures and exit strategies within their businesses that have aided them in selling for profit or obtaining investor funding. Passionate about entrepreneurship education, Katrina’s insight and expertise is highly sought after both online and off. She is also founding CEO for Your Simple Bookkeeper, outsourced national bookkeeping company for micro and small business. 


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Inspired-Entrepreneurship2.jpg?__SQUARESPACE_CACHEVERSION=1309821189919&width=200I must admit, I'm only best at being the CEO of ME. That's why my company is named "KM Harrell Group" I'm best when I control and manage only the things I'm interested in and can control. Call me the classic control freak if you want, but I have no interest in control others or things around me, but myself...I excel! As an entrepreneur and a creative person by nature finding how this works for me has been an epic journey. One that I hope (and wish) other entrepreneurs embark on.

 

The journey in entrepreneurship is truly every evolving. I like to look at it like a sphere or a spectrum, it has many phases, and elements. It's certainly not linear and certainly not  a destination. One mistake I've found in both myself in the past and in business associates, clients, and the like is that there is this misconception that entrepreneurship is something that you DO or it's simply a matter of saying "I'm an entrepreneur" like it's a destination as if one’s arrived. Anyone who's ever created a business will tell you that entrepreneurship comes in spectrums and it's not a linear path. An accomplished Entrepreneur named Olalah Njenga  distinguishes this journey as going from being self-employedsmall business ownerTHEN entrepreneurMichael Gerber (author of E-myth) separates it as theTechnician, the Manager and the Visionary. I offer another perspective:

 

The Creator

The Founder

The CEO

 

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Girl-Preneurs and the Moms They Model

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My daughter is eleven years old and was recently intrigued by the idea of entrepreneurship after watching Kimora Lee Simmons' on Life in the Fab Lane. We have been talking about starting an online business over the past few days and why my daughter wanted to start her own company. To my surprise I found that her reason is not just to make money.

The main reason she gave me was to use her love for art to do the work that she enjoys. As I sat stunned at the wisdom that came from such a young spirit, I realized that she had been attentively observing the many women entrepreneurs in her life. These women business owners have left a positive impression that she will carry with her for a lifetime. Like my daughter, I agree that owning a business is rewarding. For me, there are several highlights of being a work-at-home mom. One of the best parts is allowing my daughter to take a role in my business. No matter how large or small her assignment may seem, it is giving her a glimpse into my world. The lessons she learns, as I have now seen, are invaluable.

Another aspect that makes entrepreneurship a perfect fit for me is when I become an extension of companies that are run by women with young children at home. Nothing compares to seeing a woman who can cuddle an infant and feed a toddler while being coached on how to put a financial plan in place to grow her business. As a mother of four, I am proud to have learned how to build a successful home-based busienss and and continually get inspired when I see other business women in action.

Having knowledge is good but contributing what you know in a way that others can benefit and grow is important. When it all boils down to it, the greatest reward that I get from having my own business is sharing financial resources and shortcuts that help women bring additional income into their homes. And encouraging women in business to keep up the good work is the icing on the cake.

I would love to hear why you started or are thinking of starting your own business. What excites you about being a woman in business?

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OK ladies it's Valentine's day tomorrow and I know there are mixed emotions.
Included in this blog post on savvy women's tips I want to share some insight
on love and hopefully motivate you to look at your life in a different way.

Bravo!!!! To those of you who are already living this way.

The greatest love to we as Christians is Father God's love as He gave His
only son for us.

I'd like you to remember that, however, I'd also like to focus on you.
Yes, you. In the bible it says to love your neighbor as you love yourself,
however, all too many times that's the problem we don't love ourselves!!
Ladies until we can learn to love ourselves it doesn't matter one bit how
many brothas, fellas you have.

You will probably self sabotage every relationship because you are
counting on the man to fulfill you and "to make you happy!"

You must come to terms with how unique, how special how absolutely
incredible you are. You are a unique one of a kind gift from Father God.
He didn't make robots.

There is a song that was so-o-o-o very instrumental in my learning to
love myself and to feel good about myself. It was a song that Whitney
Houston sang very early in her career and some of the words said
"learning to love yourself is the greatest love of all."

You see when you love yourself you are less inclined to be intimidated
by those with more education, money, followers (smile) than you. A better
car, home, body than you might think that you have. You will be so confident
in who and whose you are that excuse me "none of it matters" enough to stop
or block you.

My gift to you is to challenge you to discover more about you.
Discover your core values, what makes you unique, what your purpose is.
And this savvy woman will help you live a delicious life with no apologies.

Of course I'm going to invite you to connect with me for additional
support on this new journey by either joining my
Breakthrough Mentoring and Coaching program here or attending my preview call and you'll need to register here
for that. We will definitely cover a self discovery component during Breakthrough.

Happy Valentines Day!!


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JUNIQUES MULTICULTURAL CONNECTIONS IS PROUD TO ANNOUNCE THE INTRODUCTION OF THE AFRICAN AMERICAN CONNECTION E COMMERCE. HERE IS LETTER FROM THE CEO OF E BUSINESS SOLUTIONS"Epiphanysoul"Black Visionary and Activist; Charles Bowlds breaks the "Code" to the Financial Failures In the African American Community".Introducing the AAC's EBusiness Solution's CEO; Carolyn Simmonshttp://www.jusmcc.orgclick here to check out AACBorn in Beaufort, SC to a single mother who was the first black school bus driver in the county and a woman who always put education first, I was anointed and blessed to have such a strong-willed,powerful and loving women who gave me everything.My mother left Beaufort at an early age to better herself and to pursue her education. She moved to Portland, MA and she sent for me four years later. My mother was determined to show me that independence would carry me many days in my life. I can say that I truly had the best and went to the best public schools.My mother involved me in music at an early age as well as many other activities. Although we lived in the north, economic slavery and discrimination were still very real for most Blacks. Even though my mother faced a lot of racism, she never brought her sorrows and frustrations home to me. She was and still is today the strongest women I know even with her disability. As a small child I never knew what discrimination was even though there were days when incidents would occur. It wasn't until moving back home to Beaufort in the seventies did I begin to realize what the great migration to the north was about.We Blacks have always been last in having the freedoms, rights, justice, and the so called "American Dream". So my life trials and pains of watching and understanding what my family and others have went through for so many years, molded me and gave me determination to a lifelong dream of empowering my people. I have always had a love for and always sought to find the vehicle that would help us break the generational curse of poverty, hopelessness and financial death. After going through and being in many different companies, groups, organizations that I thought would break the "Code", of financial disparity in the black community and watching the collapse of Wall Street, I had received a call from Charles about the company I watched him grow five years ago.That vehicle is the African American Connection. http://www.jusmcc.orgclick here to check out AACWe often complain about and debate about the forty acres and a mule and why blacks our always last to succeed but no one really broke the "Code". One thing we as blacks must realize is that for to long we have looked to others to in some way confirm who we are as a people. We've measured ourselves not by the characteristics of who we are and what God has blessed us with but we believe we are not worthy unless other cultures validate us. Not only am I humbled and grateful but I'm truly excited about the capability and the sureness of this company to be one of the pillars that will help us through the toughest of times.Charles has showed that in the AAC we don't have to be politically correct and we should be proud of our Afro Centric Views and Values. The African American Connection in my opinion demands and requests the true spirit and values of the Black community. It stirs in us a sense of pride, strength and worthiness’, as well as empowers the entrepreneurial spirit that is a part of our DNA. It allows us (without penalty), to learn the value of having our own business.It is the vehicle to which the prerequisite is to be accountable for your culture, your children and your legacy. It is one of the most powerful visions that has been brought to life by a man not just seeking a monetary fix but a long-lasting legacy that will reshape our destiny as African Americans.Understand this, the energy that will fuel this vehicle is the solidarity of the Black community and the responsibility we have to lift up all black businesses and admonish our owners who choose to with (courage and a strong sense of urgency), take their place in history.I encourage you all to partake of this wonderful opportunity to embrace our economic power, build our financial freedom and secure entrepreneurship for the future. Know that it is then and only then that we will assure the survivability of our children for generations.Welcome all to the African American Connection's E-Business SolutionsSincerely,Carolyn Simmons CEOE-Business Solutionshttp://www.jusmcc.orgclick here to check out AAC
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