Grace Tartaglia is one of Canada's beauty gurus, with a regular presence in millions of homes through her longstanding guest expert position on City TVs City Line. Grace is known for her ability to create a women's best self by allowing her natural beauty to shine through.
Grace has been nominated for numerous prestigious awards within her profession, and she's been honored as a spokes person for the Princess Margaret hospital #NoHairSelfie campaign that raised the largest amount ever for one haircut totaling $740,000!
Lucinda Cross is a Master Coach, best-selling author, award winning speaker, TV personality, spokesperson and energetic teacher of personal and professional development. Lucinda is the creator and founder of the popular brands Activate!™ and Activate Your Life Today!™ and is the President of Activate WorldWide Inc. In today's episode we talk about creating and taking action on your vision and goals, using vision boards.
Lucinda's Episode Outline:
02:11 What are you most grateful for right now?
03:45 What will it take for us to be able to rebuild, restore and reinvent?
06:27 What is a vision board?
08:12 How will a vision board actually help us achieve our goals?
10:25 What do we need to begin creating a vision board?
14:21 What strategy did you implement this year that helped you achieve your biggest goals?
17:29 What will help us take action, despite that fear standing in our way?
20:29 What tips or wisdom will help us get out of planning mode when the vision board is done, to begin to Activate the results we so badly desire?
24:43 What's one book you've read that's inspired you most?
27:22 What's one action all aspiring trailblazers should commit to this week to help them blaze their trail?
Marisa Renee Lee is a leader dedicated to engaging the private sector to help solve public problems. Lee serves as the Managing Director of the My Brother’s Keeper Alliance (MBK Alliance), a nonprofit born out of President Obama's call to action to address the barriers to success that boys and young men of color (BYMOC) disproportionately face along the life path. Through her work with MBK Alliance, Lee leads a collaborative, cross-sectoral movement that unites business, philanthropy, nonprofit, and community leaders, to increase pathways of opportunity for black young men of color.
Marisa's Episode Outline:
02:40 What are you most grateful for in your life right now?
03:30 We discuss the Pink Agenda that's raised over $2 million for cancer research
07:00 Marissa and I discuss the MBK Alliance, what's being done in this organization and how it truly impacts young black men and boys of color
12:30 Explains the MBK Alliance's Opportunity Summits and it's impact recently in the city of Detroit
15:35 How is MBK Alliance partnering with corporations and institutions?
19:17 How the country's racial income gaps impact our future and economy
24:00 What cities are the MBK Alliance focusing in on?
26:30 How can we take part in the work of the MBK Alliance?
27:50 What's a book you've read that's inspired you most?
30:55 What's something small you've done this month that you're proud of?
33:45 Name an online resource you use everyday and can't live without?
36:04 Share one action our aspiring trailblazers can do this week to blaze our trail?
Kevin Turpin II is the President of National Journal. Kevin is one of D.C.'s up and coming trailblazers that's helping lead one of Washington's most established and trusted media brands that serves government and business leaders in the nation's capital. In his various roles with National Journal, he's had exposure to product development, strategy research, digital and marketing. In today's conversation, we unpack some of his tips and wisdom around hiring and leading people. And we also discuss some of the most important things that go into doing product development. It's a power packed episode, sure to provide you some inspiration and knowledge, that you'll be able to apply in your own career or business.
Kevin's Episode Outline:
02:45 What are you most grateful for in your life right now?
03:55 Kevin shares the story of how we won a car at a Georgetown basketball game in 2002
07:55 Discussion about Kevin being promoted twice in one year
10:05 What sacrifices have you had to make, especially as a young African American man, to propel you to become President of National Journal?
14:00 What have you learned about hiring and leading people and what's been your approach?
19:55 What have been some of your failures and what have you learned from them?
27:15 Shares advice for those looking to develop a new product
29:35 How do you plan to shift strategy to achieve your future goals and leave your mark on National Journal and the people you've been blessed to now impact?
34:40 Excluding National Journal, what companies or businesses do you admire the most and why?
45:30 One action that our trailblazers should commit to this week to help them blaze their trail
Today we welcome 2 time Grammy, Emmy and Dove award-winning producer Shannon Sanders. He's a talented producer, a profound songwriter and an amazing musician and knock-your-socks-right-on-off singer. He’s currently President of the Nashville Chapter of the Recording Academy.
Shannon's Episode Outline:
03:15 What are you most grateful in your life right now?
04:49 How did you get your start producing and writing music for others most notably John Legend, Heather Headley and your Grammy Award winning work with India Arie?
11:00 What have been one of those biggest lows for you, and what did you learn from it?
12:50 What's been your most satisfying moment in music?
14:35 What is your purpose or mission going forward? What motivates you today?
15:55 Do you believe there is some sort of pattern or formula to becoming a successful entrepreneur?
17:40 Is there wisdom you'd want to share on achieving long term success in business?
20:50 What's one book you've read that's inspired you?
21:42 What's something small you've done that you're proud of?
22:33 What's an app, software or tool you use and can't live without?
23:15 What's one action our future entrepreneurs should take this week to help them blaze their trail?
Damien’s credentials are loaded. Although he was homeless in two different cities (LA and NY), he has shared the stage with the likes of everyone from Faith Hill and Big & Rich to John Legend. He’s even a part of a country music group The Farm (along with doing solo work too). When he’s not on the road as an artist, he’s working alongside The Salvation Army and Boys & Girls Club to share his story of being one of 12 children, the first to graduate from high school and avoiding being a victim of the streets. One of his latest projects is EncourageInspireMotivate.com.
03:10 What are you most grateful for in your life right now?
06:20 At what point growing up did you realize you'd build a career in music?
12:10 Share a personal road block you experienced? What happened and how you overcame it
14:55 What's been the biggest lessons you have learned about yourself based on your success? What's really worked for Damien to this point?
21:15 Tell us about your involvement with Redemption Songs Stories?
24:30 What do you actually do to push yourself to new and higher heights and keep from getting caught in comfort zones??
26:20 Damien shares insights into how we can be an inspiration and motivation to others in our own communities, schools and workplace
31:30 What's one book you've read in the past year that inspired you?
33:25 What is something small you’ve done this month that you are proud of?
34:45 Name an online resource [could be an app, software, or tool] you use every day that you can't live without?
35:50 One action our trailblazers can take this week to blaze their trail
Rana Campbell is a marketing strategist, freelance writer, content creator, and podcast host who helps creatives and lifestyle entrepreneurs. She works as a Marketing Specialist for Dotcom Distribution and she's also the host of the Dreams In Drive podcast that was launched in January 2016. Rana is a native of Orange, NJ and is a recent graduate of Princeton University with a Bachelor of Arts in Sociology. Rana's work has been featured on MadameNoire, Blavity, Huffington Post, and Princeton Alumni Weekly.
Rana's Episode Outline:
03:25 What would you say you're most grateful for right now?
04:45 Why did you decide to study Sociology at Princeton University?
06:40 What was the experience like attending an Ivy League university as a black woman?
11:00 Take us through the transition from a degree in Sociology to a career in Marketing?
15:00 What is it about being a creative professional that inspires and motivates you to keep going?
18:20 How are you able to be deliberate and content with the choices and decisions you make, given the challenges of competing priorities?
21:30 What fueled the idea for Dreams in Drive?
26:00 What are some of the lessons you've learned about building relationships?
30:45 Have you been able to apply some of these tips to building and sustaining relationships?
34:00 How has being the host of Dreams in Drive helped you in your everyday interactions and growth?
40:20 What's one book you've read that inspired you most?
41:20 What is something small you've done this month that you're proud of?
42:00 Name an online resource that you use everyday and can't live without?
44:55 Share one action all aspiring trailblazers should commit to this week to help them blaze their trail?
46:50 Tell us how we can stay connected to you
Candice Cook Simmons is the Managing Partner at The Cook Law Group, PLLC and the Founder of the media company Namaskar Media. She is an attorney, published writer, filmmaker, noted philanthropist, and business strategist in the technology, entertainment, and corporate sectors.
Candice's Episode Outline:
03:00 What you are most grateful for in your life right now?
08:10 What was the problem you experienced that fueled your vision to create your businesses?
20:45 What are some of the biggest mistakes you made putting your business together?
29:55 How do you find people to bring into your organization that truly care about the organization and see the business model from your vantage point?
42:00 Are there potholes new entrepreneurs should be looking for that we're oblivious to when getting started in business?
55:00 Share a book you've read this year that's inspired you
55:40 What is something small you’ve done this month that you are proud of?
56:35 Name an online resource, it could be an app, software, or tool you use every day and you can't live without it?
59:10 Share one action we should commit to, to help us blaze our trail?
Kwame is a business lawyer and founder of the American Negotiation Institute. He is passionate about teaching entrepreneurs and business professionals the art of negotiation so they can get better deals and advance their careers. He is regularly invited to give negotiation seminars and consults with individuals and companies to create and implement powerful negotiation strategies. He also hosts a podcast called Negotiation for Entrepreneurs where he interviews successful entrepreneurs and shares powerful persuasion techniques.
Kwame's Episode Outline:
02:40 What's something your most grateful for in your life right now?
03:15 You're a first generation Caribbean American yes? Where's your family from? Where'd you grow up?
04:32 Was law something you were always inspired by and aspired to do as a kid?
05:40 You worked with another law firm before beginning your own practice?
11:18 What was something you feared on your entrepreneurial journey that you had to overcome to experience the growth needed to step out on your own?
13:10 Is there anything you wished you'd known in hindsight before you started the business?
15:29 What is your definition of negotiation?
17:40 Why is negotiation one of the most important skills an entrepreneur needs to develop and utilize to experience massive success in their business?
22:38 How can we get better at negotiating in and for our businesses?
27:45 How have you used negotiation to help advance your business and career?
31:37 What's one book you've read recently that inspired you?
32:45 What's something small you’ve done this month that you are proud of?
34:50 Name an online resource, it could be an app, software, or tool you use every day and you can't live without it?
36:00 Share one action our future entrepreneurs should commit to THIS WEEK, to help them blaze their trail?
Miko's Episode Outline:
- What was the problem that you or maybe Tito experienced that fueled your vision to create Miss Jessie's?
- Do you recall some of the creative strategies you both used back then to operate on minimal cash flow?
- What was your initial thoughts around the marketing message for your product line?
- How do you find people to bring into your organization that truly care about the organization the way you and Tito do?
- Share with us one of your major fears, road blocks or challenges?
- What advice would you give to the young black aspiring entrepreneurs listening?
- As a mother, how has being an entrepreneur affected your family life?
- What are some of your routines that keeps you pushing yourself to those new and higher heights?
- What's one book you've read that inspired you most?
- What is something small you’ve done this month that you are proud of?
- Name an online resource, it could be an app, software, or tool you use every day and you can't live without it?
- Share one action our future entrepreneurs should commit to THIS WEEK, to help them blaze their trail?
- How we can stay connected to you?
Miko Branch is the co-founder and CEO of Miss Jessie’s LLC, the company behind the premium hair care product line, Miss Jessie’s, that exclusively caters to the diverse spectrum of all curly hair types. Miko founded the company with her sister, Titi, and they named it after their beloved and fiercely independent “do-it-for-yourself,” and “tell-it-like-it-is” paternal grandmother – Jessie Mae Branch.
As the visionary behind the Miss Jessie’s brand, Miko revolutionized the hair care industry and became a leading pioneer of the natural hair movement by creating and marketing high performance and high quality hair care products. Miko quickly changed the conversation about hair and hair care by declaring that Miss Jessie’s products were not exclusively for a specific ethnic group but rather were for all types of textures and curls regardless of ethnicity. As a result, the Miss Jessie’s product line includes a variety of products for every type of texture and curl from wavy to coily.
Miko’s finger print is evident in every aspect of the Miss Jessie’s brand from the packaging and marketing to the colors and smells of the award winning products, including favorites like Baby Buttercreme, Pillow Soft Curls, Curly Pudding, Quick Curls, Leave In Condish and MultiCultural Curls.
Miko continues to develop innovative, original and effective solutions for curly hair needs and she has acquired numerous accolades such as becoming a best selling author of business memoir, Miss Jessie’s: Creating A Successful Business from Scratch -Naturally (Harper Collins), WWD Most Influential Women in Business, Ebony 100, Centric 16/16 (16 Women To Watch in 2016), and she has graced the March 2016 cover of Black Enterprise Magazine as a result of her remarkable tenacity.
Although grateful to receive such recognition, Miko prefers to give, particularly to organizations that encourage the advancement and education of minority youth. Miko has partnered with the New York Urban League and the United Negro College Fund in sup-port of their scholarship programs, and has made charitable donations to the Doe Foundation, NAACP, and Morehouse College.
Ike's Episode Outline:
02:30 What's something you're most grateful for in your life right now?
03:33 What was the problem that you discovered that fueled your vision and allowed you to start UpStart?
05:00 Why focus UpStart on lawyers? Why that niche first?
06:38 Have you expanded to other professions? And what other professions have worked well for your model?
08:10 Why Ike at one point got rid of 20% of his clients
10:00 Where did capital come from to get the agency off the ground?
11:00 What kind of creative strategies do you recall having done in the early stages of your business that worked for you?
14:11 What have been some of your failures and how have you learned from them? [**Dont Miss This**]
14:51 What have been some #EpicLessons?
17:34 What does your business focus on beyond Pay Per Click & Google based ads?
18:34 How long have you been running UpStart?
18:45 What's 3 pieces of advice you'd want to give a college student who aspires to be an entrepreneur?
21:13 Is there a pattern or formula to being successful as an entrepreneur?
21:30 How do you define success?
22:28 How do you go about finding employees that care about your company the way you do?
25:00 How has being a business owner affected your family life?
26:30 Ike explains why we must become business owners and not business operators
28:00 What are some books you've read that have inspired you most?
29:30 What's something small you've done this month that you're proud of?
29:58 Tell us an app, software or tool you use everyday that you can't live without?
31:40 Ike shares one action that aspiring trailblazers should commit to this week to help you blaze your trail?
Ike Anderson's Full Bio
Ike Anderson has been a “serial entrepreneur” since age nine, when he enlisted the ‘power of duplication’ with several other boys, creating a direct sales candy company that grew into an international business with an evolutionary distribution model, before he was 15. In the same spirit, he is now the CEO and founder of UpStart Internet™, a niche Internet Marketing and Digital Advertising Agency that serves clients in creating their vision with laser-focused accuracy by maximizing online user experience and strategy. He oversees the day-to-day operations and manages the agency's Search Engine Optimization architecture, and a top-notch team of creative, and analytical staff.
Ike’s lifelong commitment to developing transparent and focused professional relationships has allowed business to grow, almost exclusively, by word of mouth and has supported the acquisition of six other companies to ensure the best of all services to his clients. Coupled with knowledge, intuition, and skill, Upstart Internet, under Anderson’s leadership, fulfills the demands of an ever-evolving global marketplace and Internet with an inspired vision for success, further expansion and a meticulous plan for its fulfillment. With a vision of collaboration and huge belief that “we are always better together” infused in everything he does, Ike and his team are making global impact for their clients and the not-for-profit corporations he mentors.
His involvement with Martial Arts since the age of six and being part of a tight-knit family, taught him discipline, how to work through adversity with respect, and how to create win-win opportunities for all involved; all translating into enormous results. He continues to be involved in his local community, is a champion for the highest and best outcomes, and looks forward to entering the political arena to champion causes that will move humanity forward. He has provided keynote address and public speaking in a variety of venues that are a call to action.
Tiffany F. Southerland is a lawyer by training and change agent at heart. She attained 3 degrees from 2 different Ivy League universities, before starting her career as an attorney at an AMLaw 100 law firm in Philadelphia. She transitioned from practicing law to a career in higher education as Associate Director of Admissions, Diversity and Inclusion at a law school and later returned to the law firm where her career began as Manager of Professional Recruitment.
Tiffany's Episode Outline:
02:50 What are you most grateful for in your life right now?
03:30 Did you envision becoming a lawyer, coach or speaker at an early age?
04:40 What is like being a black woman with multiple degrees from two different Ivy League schools?
07:00 How can young girls best position themselves to get accepted to an Ivy League university?
08:30 Why did you choose the educational path of studying Human Development and Social Work, before going to law school?
11:15 Did your educational path inspire the trifecta of writing, speaking and coaching?
12:20 Why did you decide to do a TEDx talk?
15:00 What was the reception to your TEDx talk?
16:15 What steps did you take and are still working on to continue to become a great public speaker?
18:00 How can someone wanting to do a TEDx go about securing that opportunity?
19:30 Do you have coaches and mentors who help guide you and hold you accountable to your own goals?
20:45 What's on your vision board for the next 10 years and beyond?
23:30 What's something small you've done this month that you're proud of?
25:00 Why is volunteering so important to you and giving back of your time, talents, and treasures?
26:15 Impart an inspiring parting message that will help our community to blaze their trail
Full bio at: tbpod.com/tiffanysoutherland
Rahfeal's Episode Outline:
03:30 Why were you homeless and what was it like to be on the streets with no place to call home?
05:25 Take us through the transition from being homeless to a global leader and entrepreneur?
10:00 What are you creating through your influence and platform?
12:00 How can we tap into our true potential in life and business?
14:20 Is there a difference between joy and happiness?
16:30 One of the biggest mistakes you've made as an entrepreneur?
20:00 Describe the changes of a transformation that we must go through to pivot, plan and pursue our purpose and passion?
24:00 When we look out 10 years, what should we expect from you?
Rahfeal Gordon has come a long way from his hardships of being homeless in the streets of Newark, New Jersey – U.S.A. He is recognized as one of the top international speakers and advisors for world leaders and entrepreneurs who are impacting the world. For over a decade, Rahfeal has been leveraging the core fundamentals that promote productivity and impact. He provides in-depth strategies and key insight into the environmental and physical circumstances that impact an individual's personal and business performance.
International Award Winning Entrepreneur
Rahfeal’s stellar resume begins with the establishment of his first successful company, Infinite Productions, while attending Arts High School in New Jersey at the age of 15. The company mission was to develop events that provided unity within the high school and college campuses.
In 2001, Rahfeal established his first non-profit organization entitled “Team Infinite (T.I.)”, on the campus of Montclair State University and Bloomfield College. In addition to the success of Team Infinite, in 2005, he established the Rahfeal C. Gordon Scholarship Foundation. The Scholarship is designed to benefit high school and college students with average grades, but exhibit exceptional business acumen and entrepreneurial spirit.
In 2008, Rahfeal launched RahGor Motivations & Publishing, a company that provides global speaking platforms, management, consulting, and book publishing services for individuals who have powerful stories, testimonies or expertise in a particular field. He has written fourteen (14) published books that focus on personal development and global leadership. Following the establishment of the RahGor brand, Rahfeal was tapped to be a featured entrepreneur in the AMC Theaters distributed film, TEN9EIGHT, produced by Award-winning producer Mary Mazzio.
Recently, Rahfeal released his new book entitled, “SKYSCRAPER: GOING BEYOND YOUR LIMITS TO REACH GREATNESS.” He became the Global Ambassador of the International Hub in Oslo, Norway, which houses and provides resources for start-up entrepreneurs from 21 different countries. Rahfeal also co-founded the Voices for World Peace organization - A platform that brings together a diverse group of global leaders and youth to work in solidarity to eradicate issues such as extremism, terrorism, and inequality by sharing ideas and creating strategies to bring peace and unity to areas of conflict around the world.
Nicole's Episode Outline:
03:55 What is it about academia and being an educator that's so fascinating to you?
05:50 Are you able to give your students more than the knowledge to prepare for college? Are you able to relate some of your experiences to them as well?
06:30 What's been the biggest thing you've identified as holding your students back from achieving their maximum potential?
09:00 Are you challenged with helping your students to develop their soft skills?
11:00 As an entrepreneur, what's the biggest mistake you've made and how did you overcome it?
14:00 Do you have coaches and mentors that help guide you and your business forward? What's your support system like?
19:30 What is your advice to an aspiring entrepreneur wanting to plan, grow, and succeed on their journey?
23:00 What can we look forward to from you on your vision board for the next 10 years and beyond?
35:10 Nicole imparts an inspiring final word to help us blaze our trail
36:40 How will the world be different because you pursued what you were most passionate about?
Resources mentioned in this episode:
Nicole's Favorite Books:
No Excuses!: The Power of Self-Discipline by Brian Tracy
Democracy Matters: Winning the Fight Against Imperialism by Cornell West
Connect with Nicole:
AIM Educational Services website
Nicole Campbell's personal website
Nicole on Instagram: @nicolemclarencampbell @nicspire @aimeduservices
Nicole McClaren Campbell's Bio
Nicole Campbell is an educator, entrepreneur and professional speaker. Driven by a passion for empowerment, she represented Jamaica at MIT’s Junior Summit and was selected to address then UN Secretary General Kofi Annan at just 13 years old. She was subsequently featured in local and international media, including CNN and Nickelodeon and was chosen as one of "20 Teens Who Will Change the World" by Teen People Magazine.
She is a graduate of the St. Andrew High School for Girls, and completed her high school studies at Phillips Academy 'Andover' in Massachusetts, before going on to earn an undergraduate degree in Economics from Princeton University in 2006. Nicole also studied at Stanford University’s Summer Institute and the University of London, where she earned a Masters Degree in Globalization and Development.
Nicole returned to Jamaica immediately to join the Ministry of Education where she served as Senior Policy Analyst to the then Minister of Education, now Prime Minister, the Most Hon. Andrew Holness. At 25, Nicole resigned from the Ministry to start AIM Educational Services - with just two students. Nicole sites her decision to tap into her passion for human development in education as one of the best she’s made. Today, AIM sees hundreds of students and delivers an average return of over 5000% to parents – results Nicole attributes to a strong, motivated team whose focus remains on possibilities, not problems. She recently started the AIM Higher Foundation with a mandate to identify, develop and empower promising low-income students so that they too can access unlock their potential through access to tertiary education.
Parents seek Nicole for the impact she has on their teenagers – how she pushes them to adopt empowering perspectives and to create possibilities for their futures, with their present actions. Her passion for empowerment extends beyond the classroom to the boardroom and beyond. Noted for her no-nonsense, yet practical approach, Nicole addresses corporate and public audiences on the subject of maximizing potential in their personal and professional lives. Each year she speaks at high schools across Jamaica and has spoken for companies including Access Financial, Caribbean Broilers, JMMB, Sagicor Jamaica and Scotiabank. She also serves as a Board Member of the Early Childhood Commission and the CHASE Fund in Jamaica. In her own words, “everything that I do is really an extension of my passion to empower people - to me, nothing can match the excitement and sense of fulfillment I get from helping people to grow in confidence and realize their potential.”
She is wife to reggae artiste Assassin aka Agent Sasco (Jeffrey Campbell), mom to 4-year old LC, 3year-old Joshua and ‘bonus-mom’ to 10-year-old Ally. She loves taking videos of her kids and posting them to her favourite social media platform: Instagram. A self-professed inspirational quote junkie, her personal motto is “AIM High and Be Bold” and her mission is to squeeze every ounce of life, from life.
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In this episode, I asked Ace questions like:
05:25 Why is buying a business more profitable than building a business from scratch?
08:15 How can someone buy an existing business with no money down?
13:30 Ace describes his revenue sharing model with his clients
14:20 How can you grow a business, then sell it for maximum value?
17:00 What's one of the biggest mistakes you've ever made buying or selling a business?
Resources mentioned in this episode:
-The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
-Alvin's Favorite Books:
Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire
Ace Chapman Links:
-Ace Chapman on Snapchat: Ace.Chapman
-Ace Chapman email: ace[at]acechapman[dot]com
-Ace Chapman on: Instagram/Twitter - @acechapman
-YouTube: search - Ace Chapman
Ace Chapman's Bio
Rescuing small businesses is all the rage on television. Whether it's Jon Taffer with Bar Rescue, or Tabitha Coffey's Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers.
Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer.
And right now he is seeing an explosion in the market for businesses under $2,000,000. "There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times."
At the same time many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.
Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro-Private Equity Market.
Ace began working with first time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. "I have had a lot of people who find me and ask to invest in my deals. I'd rather show you what I am doing than take your money and have to split my returns."
Since starting his network of business buyers, he has helped members close deals all over the country. From 2 Sylvan Learning Centers in Seattle, to a software company in Pittsburgh and from a fitness gym in Huntsville, to a Catholic retailer in South Dakota, these were all deals done in recent months by the network.
Business buyers are attracted to buying a business instead of starting one for obvious reasons.
It's easier to get financing to buy an existing business than to start a new one. Bankers and investors are more comfortable in dealing with businesses which already have proven work results.
Starting a new business requires investments in a period of 3 to 6 months, and many entrepreneurs never get to the period of earning. When buying an existing business you have an idea of what your salary is going to be on day one.
Business buyers do not have to go through hiring and training new employees, developing operation systems, and marketing plans. They start day one improving the business instead of building each department from scratch.
Still Ace says buying a business is risky, especially if you do not know what you are doing. "Whenever you are buying a business you are looking at the past, there is no guarantee that those numbers reflect the future", says Chapman. "You should find a business broker or advisor who has your best interest at heart. The more experience you and your advisors have, the easier it is to find the hidden landmines in any business.
Alvin Irby, an elementary teacher turned comedian / social entrepreneur, is a southern transplant living in New York City. In 2013, Irby founded Reading Holiday Project Inc., a 501(c)(3) nonprofit literacy organization, and created Barbershop Books, a nationally recognized literacy program that places child-friendly reading spaces in barbershops. This innovative program has been featured on NBC, CBS, Black Enterprise Magazine and CNN. In addition to performing stand up and managing Barbershop Books, Irby gives motivational talks to middle and high school students and delivers keynote talks about cultural competency, early literacy, Black Male Achievement, and social entrepreneurship at national conferences across America.
We appreciate you visiting our site today and for helping to bring awareness to the Trailblazers.FM podcast. Please leave an honest review for The Trailblazers Podcast on iTunes & Stitcher! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show.