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When does it make sense to go back to school?

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Originally published on July 5, 2015.

T. Cleo Austin says she realized at a young age that one of the simplest ways to achieve her financial goals was to change into her own boss, like her childhood idol Dominique Deveraux, a personality from the Eighties TV series.

Austin was also inspired by Oprah Winfrey’s multi-layered empire and decided to further her education so she could create her own empire within the health and wellness industry. “I often refer to myself as an Oprahite,” she says. Through her marketing strategy, Austin developed a method that may generate multiple streams of income: private practice, writing, public speaking, and product sales.

The 49-year-old entered the health and wellness industry after years in the company and entertainment worlds, where she held executive positions at high-end hotels and luxury automotive firms. She worked as a wardrobe stylist, prop designer and spokesperson for the ’95 BET Presents the Biggest Hip Hop Tour, which featured stars Jodeci and Mary J. Blige. Austin also founded a South Florida hip-hop club called the Undaground Compound, which lasted two years.

She says she knew each stop on her journey was temporary as she looked for her true passion. In 2009, while working at Allianz Global Investors, a colleague noticed Austin’s interest in metaphysical books and suggested she look into acupuncture. In June 2010, Austin applied to Pacific College of Oriental Medicine (PCOM) in New York City and commenced a four-year program the next yr, graduating in December. At PCOM, Austin will earn an associate degree in massage therapy, a bachelor’s degree in science and a master’s degree in acupuncture.

“I wanted to do something that better reflected my philosophy of life and working in a field I’m passionate about,” Austin says.

Now a full-time student, she takes six classes a semester and one clinical shift. Austin says the full immersion her studies require leaves no room for paid work, despite tuition costs that she says range from $27,000 to $36,000 a yr, depending on the variety of classes and clinical shifts she does.

“On top of that, there’s another $27,000 a year for living expenses, books and tutoring,” he says. After graduation, he expects the full cost of this advanced training to be $100,000.

Austin financed her education with student loans and covered living expenses with personal savings she had amassed throughout her profession. “I was able to survive for four years without working or receiving assistance except for student loans,” Austin says. “I don’t repay my loans while I’m enrolled in full-time studies. After graduation, I plan to repay the loans with income from my work as an acupuncturist and massage therapist.

Paying off debts, paying off debts

After graduation, Austin plans to work part-time at a rehabilitation center three days per week, devoting the opposite two workdays to constructing his private practice. He expects to earn $3,500 to $5,000 monthly in his first yr.

“These numbers are based on a business plan project in a classroom at PCOM. They are based on real-time data analysis of the acupuncture and other complementary and alternative health services industry. Health insurance (from my clients) covers rehabilitation, so I am guaranteed a small salary to supplement my income while I build my private practice. My expectations are conservative for the first two to three years.”

Austin is confident in her initial predictions because she already has some contacts on the clinic.

“As part of my internship at the clinic, I am starting to build a steady clientele. I also help out at workshops and internships organized by my school, where I meet hundreds of new potential patients each year. I take advantage of every opportunity to build relationships and, perhaps, have the people I treat as students follow me after graduation and become my patients.”

But a non-public practice is barely a part of Austin’s plan. She wants to offer her medical services abroad, specifically in Arusha, Tanzania. She volunteered with a nonprofit group and paid $3,500 for the trip out of her savings. The trip made such an impression that she included a nonprofit/for-profit enterprise in Tanzania in her marketing strategy after college.

“I am creating a charity event as part of African Integrative Medicine called the EAST Africa Music Festival, which will be one of the fundraising events for my AIM initiatives, including mobile medical clinics.”

Austin is working with schoolmates and friends in Tanzania. “I can’t go into detail yet, it’s a huge team effort, but a fee for my services has been agreed and I’m comfortable with that,” he says.

“Given my aspirations, I expect to earn between $7,500 and $10,000 per month in the future with combined employment.”

Austin has it all planned out “according to a strict business model I learned at school. Leaving no room for excuses—age, debt, time commitment—Austin made it a priority to take steps to maximize her earning potential through education in her 40s.

Austin’s combination of skilled experience, current training, and entrepreneurship is how she will strategically craft a plan to generate and sustain a marketing strategy. She suggests:

Do your self-analysis homework

Make an honest assessment of your strengths, weaknesses, likes and dislikes about being your individual boss. Ask yourself if you’ve the leadership qualities and are confident enough to construct a practice from scratch. You may resolve that being a part of a bunch practice or working for an establishment can be best. Try to answer these questions objectively, because it is crucial to know where you might be ranging from before you may plan your profession.

Continuing Education Plan

“Like medicine, new advances are emerging every day,” Austin says. “To keep my future practice relevant, I need to build into my business plan the regular updating of my qualifications. At the low end, I plan to spend $3,000 a year on continuing education; at the high end, up to $15,000 if I have to study abroad.”

Align your social goals with our business and life plan

“As is my case, I have a deep desire to continue my efforts in Tanzania,” Austin says. “So I’ve made it part of my business plan to develop different initiatives that will have a lasting impact on this community. When you start an entrepreneurial venture, it should be something you’re passionate about.”


This article was originally published on : www.blackenterprise.com
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Business and Finance

First black lottery operator

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Emmanuel Bailey


In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.

As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.

Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.

Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.

The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.

But his success didn’t end there.

Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.

Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.

Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.


This article was originally published on : www.blackenterprise.com
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David Shands and Donni Wiggins host the “My First Million” conference at ATL

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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.


This article was originally published on : www.blackenterprise.com
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Operation HOPE on the occasion of the 10th annual world forum

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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.


This article was originally published on : www.blackenterprise.com
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