Archive for the ‘All Posts’ Category

Mompreneurs: Lessons We Can Learn from Broke Entrepreneur Turned Millionaire

Wednesday, July 20th, 2016

black business ownersSerial entrepreneur Tomas Gorny was one who only chased after riches and ended up losing millions.

Gorny grew up in Poland, living in poverty. He came to the United States when he was 25 years old and started up a company. He made millions but wanted even more. Due to his constant pursuit of the almighty dollar he ended up losing everything. He sat back and looked at what he had done wrong so he wouldn’t make the mistake again. He started another company and now has a staff of 500 employees. He sat down for an interview with Brian Hughes, a contributor for entrepreneur.com, and told him the four most important things you need to know about building wealth:

1. You cannot be afraid to fail. Failure is a huge part of building your own business. You are going to have times where you feel like you can’t do anything right or the pressure is too much. How you handle the failure is what will define your future as an entrepreneur. Take risks. Don’t be afraid of a new idea or process. If it fails it is just an opportunity for you to reinvent a process or come up with new and better ideas.

2. If you are only focused on the money that you want to make you will never get ahead. Gorny said that when his business failed he looked at what he was doing wrong and it was focusing on money. Now he applies the principal of giving the best value and service to the customer that he possibly can because they are what is most important to the business.

3. If someone has an accent that is different than yours or they dress a little differently, you shouldn’t underestimate them. When he first came to America Gorny said that people pushed him aside because of his Polish accent. It only made him work harder and he is now well-respected in his community.

Read the rest HERE

13-Year-Old Spa Owner Named Teenpreneur By Black Enterprise

Tuesday, July 12th, 2016

essynce-moore-mm

The best thing you can teach your child(ren) is that it is never too early to start pursuing their dream goals.

A 13-year-old girl named Essynce Moore (pictured) is living proof that this teaching is worth being taught. Moore is the winner of the 2016 Teenpreneur of the Year Award, which is awarded by Black Enterprise Magazine.  For almost 20 years, Black Enterprise has given this award to a number of youths age 13-19.

Many of these youths have blazed their own trail in the worlds of science, the arts, manufacturing, and fashion. Moore is a budding businesswoman/fashionista. She began her illustrious career path at the tender age of six. At that time, she would create a number of designs by constructing drawings in her sketchbook.

In 2013, she turned this passion into an official business called Essynce Couture L.L.C. This business exists as a natural body product and clothing line. Moore has showcased her fashion line at New York Fashion Week event for both fall and spring. She has also showcased her brand at the Atlanta Kids Fashion Week event.

Moore’s accomplishments have been chronicled in a number of newspapers and magazines. The motto for her company is: “A child’s passion for fashion.” In 2015, Moore’s brand was expanded by the birth of a boutique called Essynce Couture Spa & Boutique.

“I always loved going shopping but I was never satisfied with the clothes,” Moore told Black Enterprise.

Read the rest at theblackhomeschool.com

Why Kerry Washington is Quitting Social Media

Friday, May 20th, 2016

Kerry Washington

By Victor Trammell

There’s a trend going around in Hollywood with celebrities dumping social media.

In the past few years, stars like singer/songwriter Rihanna and actress Megan Fox have taken temporary hiatuses from sites like Instagram and Twitter. The latest celebrity to quit social media is Scandal star Kerry Washington, 39. Washington used her Twitter and Instagram pages to make the announcement this week.

This week, the expecting mother posted a relaxing video of  waves washing up a heart drawn in the sand on a beach. Washington also posted the following message along with the video:

“It’s time for me to take a teeny break from social media. Feeling called to be a bit more quiet and still. Not sure how long it’ll last but don’t worry, I’ll be back soon enough.

This space has become such a community. I’m very grateful. Thank you ?
I’ll be thinking of youz and I’m sending love to you wherever you are… #MermaidGram” (Kerry Washington’s Instagram Page)

This move by Washington is definitely appropriate considering that she is expecting her second child with her husband Nnamdi Asomugha, a retired NFL defensive back who formerly played with the Oakland Raiders.

Scandal will begin its sixth season in midseason 2017 instead of  fall 2016. Washington will be taking a break from acting on her hit TV show to focus on the arrival of her second child, which is due later this year.

Washington and her husband were most recently spotted together publicly at this year’s White House Correspondent’s Dinner late last month. They took pictures with the President and  First Lady and enjoyed a stunning evening in Washington D.C.

An anonymous source close to Washington  told Us Weekly Magazine that she is very tight-lipped about her private life.

“She never talks about her personal life,” the source told Us Weekly. “Occasionally she’ll let something slip like, ‘Oh, my husband really likes that show,’ into a conversation, but she really doesn’t talk about her family at all,” they continued.

 

 

Why Black Women Are The Most Disrespected & Unprotected

Thursday, April 28th, 2016

beyonce serenaBy Nomalanga Mhlauli-Moses

In her visual album, “Lemonade” that debuted this past weekend Beyonce quoted Malcom X as saying,

“The most disrespected person in America is the black woman. The most unprotected person in America is the black woman. The most neglected person in America is the black woman.” To demand respect and reverence for black women is at once to work magic, and to call for a revolution of American values.”

That the Black woman is disrespected and unprotected is almost hard to argue but the bigger question is “why” – why is she in this position?

Anyone who knows anything about American history will know that the condition and experience of the black women (and men) is at least in part to the social engineering of white supremacists. Even so, can it be said that some part of the condition is self inflicted? I think so.

In a Facebook post, recently, noted Finance expert and scholar, Dr. Boyce Watkins said,

“It’s not popular to say this, but single parenthood (especially in a repeated fashion) is one of the easiest ways to stay in poverty. This is true for both males and females – either you’re struggling to take care of a child without any help, or you’re being hammered with massive child support payments that you can’t afford.

So, the best way to create a strong financial plan is to try your best to plan healthy, lasting relationships or co-parenting situations. This isn’t judging or ridiculing those who are struggling as single parents, it’s just a fundamental economic fact.

‪#‎FinancialLovemaking‬

In the video below, I discuss this issue further with Shaquita Graham, founder of lovingtheblackman.com

 

 

Black Wealth-building: Black people need to “go back to Africa”

Tuesday, April 26th, 2016

african weddingThe article below, written by Nomalanga Mhlauli-Moses discusses the connection between building solid family structures and building generational wealth – avoiding poverty.

Many people talk a lot about how Black people are the poorest people in America and rightfully mention institutionalized racism as a major factor in creating said poverty but it seems that marriage and family building are often left out of the conversation even though they have proven to be very valid in overcoming poverty, especially poverty that lasts from generation to generation.

Here is the article:

A Facebook status update that I recently put up got a lot of people talking and filled my inbox with a lot of messages from people who engaged me in further dialogue on the topic. The status update was as follows:

My dad gave a speech, both in Gabs and in Mahalapye [cities in my home country of Botswana] at my brother’s wedding. To paraphrase what he said, he said that a man has an obligation to himself, his family, his community, his country and God to marry.

He is in his 60s so obviously with the younger generations, this is not always a firm belief.

Personally, I don’t disagree with him. Families, wealth, traditions and legacies are all built with strong, solid marriages as their foundations.

When we throw away marriage and family we might as well start preparing for the worst. I completely understand that my perspective is colored by my upbringing and experience but as much as I try, I fail to see why we (especially Black people) would want to throw away marriage and family structures.

Even as I write this, I know that it is almost inevitable that some will misconstrue what I am saying to mean that being African (or from Botswana) is somehow “better” than being African American. Just to be clear, that is not what I’m saying. What I am saying when I say “Africans need to go back to Africa” is that Black people need to embrace basic values such as family, marriage, culture and tradition, the way that Africans generally do.

Having been raised in Botswana and then spending the last 16 years living in the U.S., I have observed that there are some glaring differences between the Black people in Botswana and other African countries compared to Black people in the U.S. Obviously, we can not paint all Africans with one brush anymore than we can paint all African Americans with one brush.

Having said that, I can say that what I see is a lot of people in America who have given up on each other and no longer desire or are no longer hopeful that they can get married and build a family. The sad part is that strong marriages and families are the very way in which many people can overcome many of the social ills that plague many Black people in America.

When men and women form healthy partnerships in marriage, they do a better job of raising successful children and they also do a better job of building wealth, or at least not falling into the trap of suffering from poverty that is passed down from generation to generation. The list goes on, in terms of the benefits for children who are raised in two parent homes, including, but not limited to, better results in school, less vulnerability to crime and a decrease in teenage pregnancies.

I’m not unaware nor am I being insensitive to the fact that much of the condition of the Black community is a result of deliberate actions that were taken to keep Black people in a state of lack, poverty and dis-empowerment. Having lived in the U.S. most of my adult life, I am not unaware of the many ways that racism and other forms of prejudice rear their ugly heads. Even so, I think we, as Black people living in America, would do well to be proactive about overcoming our many hurts, beliefs and conditioning that lead us to believe that we are unable to build healthy families and communities.

I am an African (Motswana), married to an African American so I will forever be a part of both the African community as well as the African American community. I urge my African brothers and sisters to hold on to our valuable cultures and traditions and preserve our marriages, families and values. I also urge my African American brothers and sisters to “go back to Africa”, not in the literal sense but in the sense that we need to remember who we are. We are powerful and our power is magnified when we build rather than separate, fear each other or just scatter.

We can build legacies and wealth and that is passed on from generation to generation but we have to start with the basics; we have to build a culture of love, respect and a willingness amongst ourselves and we have to model that for our children and their children.

Nomalanga is a Life Balance Expert. Her speaking and coaching programs help busy women who struggle to balance Marriage, Motherhood and Money-Making™.  She is an avid blogger and a sought after instructor and speaker.

Article originally posted at Financial Juneteenth

How Women Business Owners Leave Money On The table

Wednesday, April 20th, 2016

Black-woman-in-a-meetingMen get paid more than women even though it is 2016 and in spite of the women’s movement which has been fighting for equality for decades. While it is true that women need the backing of legislation to make sure that they are treated equally in the workplace the same is not true when they own their own small businesses. There is one reason that women tend to leave money on the table when they do business.

In the video below, Business coach, Nomalanga Mhlauli-Moses discusses the main reason that women who own small businesses end up leaving money on the table and missing out on opportunities to increase their revenue.

Every Woman Should Consider Real Estate Investing, Here’s Why

Tuesday, April 19th, 2016

woman with piggyReal estate Mogul, Kim Kiyosaki, thinks that women are often given bad advice about investing, especially about investing in real estate.

Below, she discusses why she thinks that telling women that investing in real estate is a bad idea is bad advice:

1. There’s more than one way to invest in real estate

Fundamentally, this advice betrays only one way of looking at real estate investments: from the capital gains perspective.

Nearly all of the author’s objections can be overcome simply by understanding that the primary strategy for investing in real estate should be for cash flow, not for capital gains.

I have been investing in real estate for decades, both by myself and with Robert, and though we have been tempted, we never invest expecting to flip a property to make a quick gain.

Rather, we always do a solid assessment of the property to make sure that it will cash flow month in and month out. By doing this we gain significant advantages.

2. OPM is your friend

Though the author states that a downside of real estate is a “large outlay of one’s savings/capital,” this has to be considered in context. If you’re talking about just straight up dollar amounts, then this could possibly be true. But if you’re talking about cash to percentage of value, real estate wins hands down.

Consider this: on a typical real estate investment, you put up around 20% of the value of the investment while the bank puts up around 80% of the value. And if you’re really savvy, you can find investors to cover much of the 20% down payment, limiting your cash outlay, while collecting fees for brokering the deal.

This allows you to have the potential for a much greater return on investment (ROI). Think of it this way, using round numbers, if you buy a property for $100,000, put only $20,000 of your own money in, and experience $2,000 a year in cash flow, your return on investment is 10%. In other investments, in order to get $100,000 in assets, you’d have to put up $100,000 in cash. In order to get the same 10% in returns per year, your investments would have to generate $10,000 a year in cash flow.

That in a nutshell is the power of OPM, or using other people’s money to invest. You can do it with real estate, but you can’t do it with most other investment classes.

Read the rest here

You Can Make Money Blogging; Here’s How To Get Started

Tuesday, April 19th, 2016

bloggingA lot of people are curious about blogging but are not sure how to get started and how exactly bloggers manage to build multiple income streams.

In this video, prolific blogger and business coach, Nomalanga Mhlauli-Moses shares some tips about how to get started with blogging and she also shares a little bit about how she got started on her lucrative blogging journey.

Divorce Lawyer’s Tips: How To Avoid Marrying The Wrong Person

Monday, April 4th, 2016

black-marriage1While there’s nothing funny about divorce, my friends jokingly say that I’m qualified to be a relationship expert with all the clients I’ve helped go through the process. It’s true; when you’ve worked with as many couples as I have, listening to the stories ofwhy their marriages fell apart really opens your eyes to what makes a strong and thriving relationship and what doesn’t.

Here are 12 relationship tips I’ve learned from my time in family law:

1. Understand that marriage is hard work.

Start your marriage with the idea that you’ll both work together on “being married” every day. Being married isn’t a state of being; it’s a work in progress. And it is work. So, don’t ignore problems when you first notice them; work on them before they blow up and explode. Treat your spouse like a date every day. Notice the little things that attracted you to begin with and enjoy them; don’t take them for granted. Don’t allow familiarity to breed contempt.

2. Understand that your spouse-to-be will not change.

When my divorcing clients share why they’re getting divorced, they often admit that they knew about their spouse’s behavior “flaw” or their relationship disconnect before they got married. About 95 percent of the time, they believed that it would change. But your spouse won’t change, and in fact, those little imperfections will only worsen over time. Realize early what they are, and determine if you can live with them forever before you tie the knot.

3. Consider whether to sign a prenuptial agreement.

Signing a prenup gives you a way out, and marriage is a forever commitment. Do you really want that? If you’re not ready to promise that you’ll stay together through thick and thin, perhaps you shouldn’t get married. While most attorneys will advise that a prenuptial agreement is a wise financial move, a wiser move is to wait to marry someone to whom you can really make that permanent pledge.

Read the rest HERE

Waitress Does the Unthinkable To [email protected] Mother

Wednesday, March 23rd, 2016

downloadBy: Krystle Crossman

Dylan Downing and her two-month old son Mason were the center of a heated discussion recently. Downing went out to dinner at the Atami Steak and Sushi Bar which is located in Katy, Texas. She was eating her dinner and Mason began to cry because he was hungry. She began to [email protected] when a waitress came over and did something that no one should ever do. The waitress, known only as Rattana, stated that there had been complaints from a table near Downing about her feeding her son in the open without being covered up. So Rattana did what she thought she should do but right away realized just how big of a mistake she had made. She had walked over to the table and dropped a napkin over Downing and Mason.

Downing jumped up and yelled at the waitress. She asked why she was touching her and her son and why she felt that was the right thing to do. Downing was appalled that someone would have the gall to do such a thing. The waitress knew immediately that she had done something wrong. She said that she thought right away that maybe she should have asked Downing first before putting a napkin over her son’s head. Would that have made the situation any better? Probably not. Downing stated that she asked whether the patrons would rather listen to her hungry son scream or see a small amount of her chest for a few minutes. She said that [email protected] is legal in Texas and if they had a problem with it they should have just looked away.

Downing’s story was picked up by a local news station after she posted a photo of the receipt for her meal with no tip on social media. The waitress has since apologized to Downing who accepted. She said that she will continue to go back to the restaurant because she general enjoys the service and the food there. She also hopes that this was a tough lesson to learn but that it is one that can help bring the stigma of this situation to light. Even though [email protected] is completely natural there are still people who feel that it is taboo to do in public. There have been movements to try and pass laws for [email protected] women to go into a bathroom or leave the property before feeding their child. None of these “laws” have gone far.

Source: https://www.yahoo.com/style/not-ok-waitress-threw-napkin-133215746.html