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60 Day Hustle Offers $100K Prize to Competing Entrepreneurs

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Terry Rice, 60 Day Hustle, Entrepreneurship, business development, reality tv, amazon prime, small business


Terry Rice, 60 Day Hustle, Entrepreneurship, Business Development, Reality TV, Amazon Prime, Small Business

Source: Photo Source: Sonic Gods Studios

judge and business development consultant Terry Rice understands firsthand the complex challenges of starting and financing a business. After working for major tech corporations including Adobe and Meta, Rice entered the consulting industry in 2015. The New York native received his first “yes” from an area T-shirt company, but knew he had to grow quickly. In just two years, Rice had developed a foolproof method for attracting clients, appearing on the show, and speaking at events like AdWeek and SXSW.

In the world of entrepreneurship, time is commonly the Most worthy currency. For 12 ambitious entrepreneurs, 60 days is all they’ve to prove their entrepreneurial acumen and earn a life-changing $100,000 prize. The stakes couldn’t be higher in , a brand new Amazon Prime series launching August 8 through which emerging business talent competes in a high-intensity accelerator program.

New businesses are being created daily across America, but starting a business doesn’t guarantee success. About 35% of companies are still in business after 10 years, with almost 18.4% failing in the primary 12 months and almost 50% closing by the fifth 12 months. In addition, according to the SCORE study of about 1,000 small start-up businesses nationwide, 78% of respondents relied on personal funds and income from one other job that may allow them to develop and run their startup.

BLACK ENTREPRENEURSHIP I spoke with Rice concerning the vision behind 60 Day Hustle, the importance of sustainability and mentoring.

The Vision Behind 60 Day Hustle

Rice describes this system’s genesis as rooted in a passion for supporting the following generation of business leaders. “Rudy Mawer, the program’s creator, saw an opportunity to provide the kind of support he wanted when he was starting out,” Rice explains. Mawer, who got here from a family with a robust athletic background reasonably than a business background, realized there was a critical need for guidance and resources that young entrepreneurs often need more of.

“60 Day Hustle aims to fill that gap,” Rice says, “by offering both financial support and mentoring from seasoned experts.”

Created and executive produced by Chris Hayman and Michelle Delamor, with Adam Horner of Sonic Gods Studios producing, the show guarantees to be greater than just entertainment. It’s a platform where dreams are either fulfilled or transformed. “This show isn’t just about competition,” Rice adds. “It’s about giving viewers a practical lesson in entrepreneurship.”

A glance behind the scenes

Walking into the $30 million studio where the film was shot, Rice was impressed by the dimensions and class of the production. “From the green screens to the intensity of the LED lighting, everything was designed to create an immersive experience,” he recalls. But what stood out most was the energy on set. “There was a palpable sense of hope and excitement,” Rice notes. “These entrepreneurs weren’t just there to compete; they were there to change lives.”

The selection process for the show was intense. “We conducted a nationwide audition, reviewed countless business plans and interviewed a lot of candidates to make sure we had the best of the best,” Rice explains. The final 12, Avijah Scarbrough of Viju Beauty and Marcus Thomas of Marcus Alexander Footwear, were chosen for his or her business ideas and growth potential. “Diversity was key,” Rice says. “Each participant brought their own unique perspective and experiences to the table.”

Entrepreneurial challenges for the long run

Entrepreneurs face rigorous challenges throughout the two-month program to simulate real-world business obstacles. “The goal is to condense two years of business development into just 60 days,” Rice explains. Under the guidance of mentors like Fabletics co-founder Ginger Ressler and Fab Fit Fun co-founder Daniel Broukhim, participants might be challenged to think, adapt and act quickly. “It’s not just about who has the best idea,” Rice says. “It’s about who can implement, scale and sustain their business under pressure.”

The show’s format also allows viewers to learn together with the participants. “Every episode is packed with actionable insights,” Rice says. “If you’re an entrepreneur watching from home, take notes. The lessons here are invaluable.”

Mentorship that matters

One of essentially the most unique points is the mentoring that participants receive. “The mentors aren’t there just to criticize; they’re there to train,” Rice emphasizes. “We have people like Peter Pham, co-founder of Science, who’s built billion-dollar brands. Their advice is worth its weight in gold.”

For Rice, being a judge on the show meant greater than just judging performances. “I couldn’t help but pass on some advice,” he admits. “You see their potential and you want them to succeed, not only on the show but in their future endeavors.”

What is a judge on the lookout for?

As a judge, Rice emphasizes that several key aspects are key in determining who should win a contest like . “It’s not just about having a great idea,” she says. “We’re looking for agile, resourceful entrepreneurs who can pivot when faced with challenges.”

Execution is one other critical factor. “A great idea is only as good as its execution,” Rice explains. “We pay a lot of attention to how well participants can implement their ideas, deliver on their promises, and meet business requirements.”

Sustainability also plays a major role. “We want to see companies that don’t just shine in the pan,” Rice says. “They need a long-term growth plan and a vision that goes beyond the initial excitement.”

Finally, passion and leadership are essential traits. “An entrepreneur’s passion can be the difference between success and failure,” Rice notes. “Their ability to inspire others and lead their team through tough times is what separates the good from the great.”


This article was originally published on : www.blackenterprise.com
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No, the boom in battery factories in America is not over – construction of the largest factories is proceeding as planned and it is planned to employ over 23,000 people

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The United States is experiencing the largest-ever boom in investment in clean energy production, driven by laws such as the bipartisan bill Act on infrastructure investments and employment and Act on reducing inflation.

They have these rights used billions of dollars government support to drive private sector investment in clean energy supply chains across the country.

For several years, one of us, Jay Turner, and his students at Wellesley College have been tracking clean energy investments in the U.S. and sharing the data on the website The big green machine website. This study shows that since the Inflation Control Act went into effect in 2022, firms have announced 225 projects with a complete investment of $127 billion and the creation of greater than 131,000 latest jobs.

You could have seen on the news that these projects are in danger of failure or significant delays. In August 2024, the Financial Times reported this. 40% of over 100 projects he assessed that they were delayed. These include battery production, renewable energy and metals and hydrogen projects, as well as semiconductor manufacturing plants. The technology industry magazine The Information recently warned of this 1 in 4 firms left from government subsidies for investment in batteries.

Workers assemble battery packs for electric vehicles in Spartanburg, South Carolina. New battery factories in the state will help move the supply chain closer to U.S. electric vehicle factories.
BMW

We checked all 23 battery cell factories announced or prolonged since the Inflation Reduction Act was signed into law – just about all of them are gigafactories which might be expected to produce greater than 1 gigawatt-hour of battery cell capability. These factories have one of the highest employment potentials of all the projects supported by the Act.

We wanted to discover whether the U.S. clean energy production boom was about to fizzle out. Most of what we learned is reassuring.

The largest battery factories are on the right track

While exact investment amounts are difficult to determine, our study shows that planned capital expenditure shall be $52 billion, which would supply 490 gigawatt-hours of battery production capability per 12 months – enough to put about 5 million latest electric vehicles on the road.

While not all 23 firms have announced hiring plans, the facilities are expected to create nearly 30,000 latest jobs, with projects primarily in the U.S. Southeast, Midwest and Southwest.

We wanted to know whether these projects were progressing as planned or whether there have been delays or problems.

To do that, we first contacted local and state economic development agencies. In many cases, local and state tax incentives support these projects. Where possible, we now have tried to confirm the status of the project through public data Or formal announcements. In other cases, we looked for messages to see in the event that they existed construction proof Or hiring.

Our study shows that 13 of 23 projects are on the right track, with total planned capital investment exceeding $40 billion and production capability of nearly 352 gigawatt hours per 12 months. Importantly, they include most of the largest projects with the largest investments and expected production.

Our calculations show that 77% of total planned capital investment, 79% of proposed jobs, and 72% of planned battery production are on the right track, meaning the project is likely to be accomplished roughly on time and overall as expected. result. level of investment and employment.

Three projects are on the bubble. These have shown progress but have experienced delays in construction or financing.

Five others show deeper signs of distress. We do not yet have enough information to draw conclusions about the two projects.

An example of an ongoing project is the Envision AESC battery plant in Florence, South Carolina. His the scale has been enlarged twice since it was first announced in December 2022. It is now a $3 billion investment with the goal of producing 30 gigawatt-hours of batteries per 12 months supplies the BMW factory in Woodruff, South Carolina.

In early October 2024, South Carolina Secretary of Commerce Harry Lightsey visited the Envision i facility published a video. Construction of the plant began in February 2024, and 850 employees are working six days per week to complete the 1.4 million square foot facility by August 2025. Once full production begins, the project shall be accomplished expected to hire 2,700 people.

The 2024 elections could end or speed up the boom

However, much relies on what is going to occur in the upcoming elections.

Our data suggests that the real risk facing these projects and projects like them is not sluggish demand for electric vehicles, as some suggest – in fact demand continues to grow. It’s not the local opposition that did it either it only slowed down a number of projects.

The the biggest risk is policy change. Many of these projects are counting on advanced manufacturing tax credits approved by the Inflation Reduction Act through 2032.

During the campaign, Republicans are promising to repeal key laws under Biden, including the Inflation Reduction Act, which incorporates funding for grants and loans to support clean energy, as well as tax incentives to support domestic manufacturing.

While an entire repeal of the Act could also be unlikely, an an administration hostile to clean energy redirect unspent funds to other purposes, slow the pace of grants or loans by slow project approvals, or find other ways to make tax incentives tougher to obtain. Although our research focused on the battery industry, concerns concern investments in wind energy AND solar energy too.

So will the great U.S. boom in clean energy production soon come to an end? Our data is optimistic, but the policy is uncertain.

This article was originally published on : theconversation.com
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Jaylen Brown is launching his own sports brand thanks to Kobe Bryant

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NBA champion Jaylen Brown did the other of most superstars once they were offered a giant contract. He turned down the offer, but as a substitute decided to start his own brand, crediting the thought to the late Kobe Bryant.

In an exclusive interview with and , a Boston Celtics player discussed his latest enterprise, 741, a footwear and sports brand. After meeting with several firms and never feeling the offers thrown at him, Brown announced that he followed the trail that the nice Kobe planned. The Lakers legend was planning to start his own sports company, so he decided to do the identical.

After turning down $50 million in sponsorship deals, he launched 741 in September.

“Honestly, I got the thought from Kobe (Bryant), rest in peace. Before his death, he planned to launch his own shoe brand, sign contracts with athletes and offer them higher deals and percentages. I remember reading an article about it and pondering it was bullshit. I analyzed my own experiences of working for big corporations and the way they value your creativity and also you. I’ve tried every brand and none of them stood out. Everyone approaches things the identical way. I used to be on the lookout for a brand of the long run, not a brand of the past. I could not find it so I had to start.

Brown also stated that he also helped design products for his line. Outside of design, he said that creating 741 allowed him to explore his creativity.

“I designed all the pieces myself. I used to be just on the factory in South Korea, on the road, ensuring all the pieces was done the way in which I believed it must be. I’ve done probably close to $50 million value of deals (from other brands) to start something on my own. And it wasn’t because I didn’t like the cash they were offering. It’s because these contracts pigeonholed me and didn’t allow me to be creative.

Brown also said he didn’t want to force anything when it comes to brand promotion. He favors a slow-build approach and admitted that “it doesn’t have to be the hottest brand on the street tomorrow.”


This article was originally published on : www.blackenterprise.com
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The next president will play a key role in shaping US trade policy – here’s what voters need to know

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From the ports of Los Angeles to the cornfields of Iowa, U.S. international trade policy is a force shaping the lives of each American. With the November 2024 presidential election approaching, discussing trade policy will not be just an educational exercise – it’s a civic responsibility.

as economistI even have spent years studying this topic. Trade policy has a huge impact on the best way industries operatefrom production locations to competitive dynamics. These changes impact on a regular basis life, from the associated fee of your morning coffee to job security in your area people.

And since the president has broad control over trade policy, each presidential election is a referendum on the difficulty.

The two most up-to-date administrations – President Donald Trump and Vice President Mike Pence from 2017 to 2021, and President Joe Biden and Vice President Kamala Harris from 2021 to present – ​​have taken very different approaches to trade policy. The contrast shows how the president’s economic philosophy can reshape the country’s global business strategy.

Both Trump and Harris will be on the ballot in November. Harris is Biden’s trade policy is anticipated to proceed if he wins. This comparison provides insight into how the next U.S. president will manage trade.

2017–2021: Trump and Pence on trade

During his time in office, Trump pursued a protectionist trade agenda.

Protectionism refers to government policies that restrict international trade to profit domestic industries. These measures include tariffs – taxes on imported goods – quotas and regulations that make imports costlier.

One of the Trumps first official acts was withdrawal from the Trans-Pacific Partnership, a colossal 12-nation pact that might cover 40% of world production. His decision cost America each access to lucrative Asian markets and a powerful counterweight to China’s economic influence.

Closer to home, Trump renegotiated the North American Free Trade Agreement (NAFTA). United States-Mexico-Canada Agreementtightening regulations for automotive manufacturers. Effect? However, the remuneration of employees in the automotive industry and vehicle prices for American consumers increased, it hardly stimulated any additional domestic automotive production.

Trump also introduced tariffs trade war with China and the European Union, claiming that it might solve unfair practices and reduce the US trade deficit. This strategy, nonetheless, triggered retaliatory tariffs that resulted in higher consumer prices and job losses in American industries depending on imported components. While some sectors have benefited from this approach, U.S. farmers have suffered from export losses, requiring government subsidies.

Trump and his latest running mate, J.D. Vance, have signaled their intention to revive their “America First” trade strategy. Their campaign platform calls for large tariffs, including: general rate of 10% on all goods and more aggressive 60% customs duty aimed specifically at Chinese products.

2021-today: Biden and Harris on trade

In turn, the Biden-Harris administration has adopted a multilateral approach, emphasizing cooperation between countries.

Administration kept most of Trump’s tariffs on Chinese goods in place and part for importing steel and aluminum from other countries. However, they’ve reframed the measures under: wider push stop climate change and protect staff’ rights.

The administration has also launched initiatives equivalent to An Indo-Pacific economic framework for prosperityor IPEF, signaling a return to Obama-era trade strategies that prioritize regional partnerships in the Pacific. IPEF goals to strengthen economic ties with Asian countries by coordinating policies to increase supply chain resilience and promote clean energy, relatively than focusing solely on tariff reductions.

The Biden-Harris approach emphasizes international cooperation while valuing domestic job creation, particularly in the clean energy and manufacturing sectors. However, lots of Trump’s tariffs on Chinese goods, steel and aluminum have been maintained costs high for some US businesses and consumers.

Building on Biden administration policies, Harris’ campaign has signaled that its goal is to protect lower- and middle-income households from latest tariffs this might raise prices while maintaining a tough stance on China through existing tariffs and trade restrictions.

Presidential powers and influence on trade

The president plays key role in determining US trade policy.

The president can negotiate international trade agreements, although Congress must approve them to grow to be law. The executive branch also controls tariffs; under laws equivalent to the Trade Act of 1974, the president can impose them without the consent of Congress.

In addition, the president can declare a nationwide trade emergency, appoint trade representatives, issue executive orders to administer federal trade policy, and impose sanctions that may affect global trade dynamics.

Free trade agreements can boost exports and promote economic growth, but they may displace some staff. However, import tariffs protect some domestic industries, but raise prices for American consumers. Studies show that tariffs imposed under Trump and continued by Biden have led to higher prices, reduced production and declining employment, harming US economy.

Trade policy also affects diplomatic relations and global supply chains. So when voters review candidates’ trade policy positions, they need to look beyond the bits they hear. Understanding how each approach affects labor markets, consumer prices and global competitiveness will help voters solid informed votes that align with their vision for the country’s future.

In the world of trading, every vote counts.

This article was originally published on : theconversation.com
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