Business and Finance
Entrepreneur expands opportunities through franchise model
In 2018 BLACK ENTREPRENEURSHIP readers met HaKika Wise, founder and CEO of the Kika Stretch Studio franchise. Fast forward to today, and Wise’s business has six locations in 4 states. Wise has expanded her reach into the franchising world by helping other small business owners change into franchisors by converting their businesses into franchises.
With the launch Black Box FranchiseWise is partnering with fellow entrepreneurs Daren Hawthorne and Jae Sims. Hawthorne will function president and Sims as COO. Together, they launched a groundbreaking program that helps Black entrepreneurs turn their small businesses into franchises, all for lower than $40 a day. TO BE I used to be excited to learn more concerning the Black Box Franchising offering and the way one can turn their business right into a franchise at such a low price.
What led you to give attention to transforming small business owners into franchisors?
I used to be alarmed by the speed at which small businesses were permanently closing. Watching dreams and labor crumble was heartbreaking. This urgency ignited a passion inside me to search out a sustainable solution. The challenges these businesses face—overwhelming operating costs, market uncertainty, and the isolation of going it alone—can seem insurmountable. I knew we would have liked a model that might provide not only survival but a path to growth.
That’s when the thought of franchising crystallized as a strong solution. By turning small business owners into franchisors, I give them the possibility to expand their reach and stabilize their business with a proven, scalable model.
At Black Box Franchising, we don’t just help firms change into franchisors; we teach them what it means to be a successful franchisor. When I became a franchisor myself, I noticed there was a major gap in understanding what the role really entailed. That’s why I developed a comprehensive course embedded in our program. This course covers all the things from legal and operational frameworks to branding and scaling strategies.
We consider in the facility of community and shared success. By integrating small businesses right into a larger network of franchises, we create a support system where knowledge, resources, and successes are shared. This collaborative approach significantly reduces the isolation and pressure that small business owners often face.
What services does Black Box offer that make it easy for small businesses to change into franchisees at such an inexpensive price?
We help them learn the art of constructing a brand and scaling through franchising. We also added a built-in course that teaches them concerning the world of franchising and what it means to be a franchisor. We use Black Box Franchising to assist educate and elevate small businesses across America.
We offer a comprehensive suite of services designed to rework small businesses into successful franchises. Our services include Branding and Marketing Support, Franchise Development, Training Programs, Financial Advice, Community and Certification.
Making these services reasonably priced is a key a part of our mission. We achieve this through multiple strategies that leverage economies of scale, streamlined processes, and technology integration.
What are a very powerful things a business owner needs to know before deciding to change into a franchisor?
The decision to change into a franchisor is a major step that requires careful consideration and planning. We consider ten elements: is it a proven business model, are you able to provide comprehensive training and support, understanding of legal and regulatory requirements, do you may have the required financial investment, brand consistency, effective marketing strategies, operational systems, community and culture, long-term commitment and risk management.
By fastidiously considering these aspects and preparing thoroughly, business owners can set themselves up for achievement as franchisors. At Black Box Franchising, we guide business owners through each of those critical steps, providing the expertise and support they should construct a thriving franchise network. Our mission is to assist businesses scale sustainably, creating lasting success and opportunities for growth.
I understand you may have eight latest franchisors within the pipeline – congratulations! How long does it take to go from an independent business to a franchisor using the Black Box program?
Thank you! We are excited to announce that we now have nine latest franchisors in our pipeline. Each of those firms has a singular story and potential, and we’re excited to assist them on their journey to becoming successful franchisors.
The time from independent business to franchisor can vary depending on several aspects, but generally speaking, it takes between six and twelve months under the Black Box program. At Black Box Franchising, we understand that each business is different, as are its needs. That is why we create plans tailored to the needs of each business owner.
We also offer flexible payment plans and financing options to make our services accessible to businesses at various stages of growth. Our team provides ongoing financial advice and support to assist them navigate the complexities of franchising without breaking their budget.
Does Black Box offer every other services beyond converting businesses into franchises?
Absolutely. At Black Box Franchising, our mission goes beyond simply converting businesses into franchises. We offer a variety of services designed to support and elevate small businesses at various stages of their journey.
One of our key services is franchise placement. We help brands which can be already franchised find qualified candidates to affix their network. Our goal is to create pathways for aspiring entrepreneurs to own and operate successful franchises, thereby promoting economic empowerment in our communities.
In addition to franchise services, we provide a comprehensive suite of business support services including business development, branding and marketing, training and education, financial planning and management, franchise sales and matching, trademark services, and community constructing.
By offering these diverse services, Black Box Franchising provides businesses with the great support they need to succeed in their full potential, whether or not they want to franchise or just strengthen their existing operations.
Business and Finance
David Shands and Donni Wiggins host the “My First Million” conference at ATL
December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.
Then there’s Shands and Wiggins.
The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.
It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.
“It’s not up to us to convince anyone why we do what we do,” admits Shands.
“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”
He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.
“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.
She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.
“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”
She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.
They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.
What to expect during the “My First Million” conference.
They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.
Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.
“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”
Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.
“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”
Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.
Business and Finance
Operation HOPE on the occasion of the 10th annual world forum
Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.
The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.
Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.
Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”
“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.
The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.
“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”
Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.
“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”
It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.
Business and Finance
New Orleans’ black business district is marked by history
New Orleans has given a historic monument to a Black business district closed for interstate construction.
The marker was a project fulfilled by in response to the initiative of Plessy and Ferguson. Founded by descendants of men involved within the Plessy v. Ferguson case that legalized segregation within the United States, the organization worked with other community groups to put a marker under the Claiborne Viaduct.
Before the upheaval, Black New Orleanians could find stores owned by other members of their community on Claiborne Avenue. Racial discrimination originally limited the power to buy on the famous Canal Street. Given this, blacks as an alternative flocked to the realm to purchase every little thing from groceries to funeral arrangements.
This mall was home to many Black-owned businesses, and emerging and established entrepreneurs had arrange shop for generations. Consisting of pharmacies, theaters, studios and more, it helped maintain a vibrant black culture in the realm. It reigned because the most important street of Black New Orleans from the 1830s to the Seventies.
The street once featured a picturesque cover of oak trees surrounding bustling businesses. However, its decline began with the expansion of roads within the southern state. The first casualty was the oak trees that were cut all the way down to make way for the development of Interstate 10, and shortly thereafter, the district’s thriving entrepreneurs suffered an identical fate.
Many residents do not forget that they didn’t know in regards to the upcoming investment until the trees began falling. Raynard Sanders, a historian and executive director of the Claiborne Avenue History Project, remembered the “devastation” felt by the community.
“It was devastation for those of us who were here,” Sanders told the news outlet. “I was walking to school and they were cutting down oak trees. We had no warning.”
Despite its eventual decline, the district stays an integral a part of Black New Orleans entrepreneurship. Now the town will physically resemble a historic center where Black business owners could thrive. They celebrated the revealing of the statue in true New Orleans style with a second line that danced down Claiborne Avenue.
“The significance of this sign is to commemorate the businesses, beautiful trees and beautiful people that thrived in this area before the bridge was built, and to save the people who still stand proud and gather under the bridge,” also said Keith Plessy, a descendant of Homer Plessy’ ego.
The growth of local black businesses continues. Patrons and owners alike hope to evoke the spirit of Claiborne’s original entrepreneurs, empowering the community.
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