Business and Finance
Atlanta Entrepreneurs Save Black Women-Owned Business
Black women make up 42% of all start-ups. However, that number far outweighs the quantity that raised equity, just 4%, According to LinkedIn. To bridge the gap, these two entrepreneurs made it their mission to uplift and educate black female business owners in Atlanta.
Nehemiah “Neo” Davis initially got here up with the concept to assist. The multi-talented entrepreneur connected together with his fellow business expert, David Shands, to offer the platform and reach to make an impact. Over the weekend, they brought in a whole lot of recent customers to The Sistah Shop, belonging to Aisha Taylor Issah. Rightfully so, the flash mob event went viral.
While Issah achieved a record-breaking day of sales, her business was just starting to grow. Building on this success, Davis and Shands hope to start out a movement where Black businesses feel supported by their community while celebrating our collective strength.
Both Davis and Shands spoke exclusively to BLACK UNDERTAKING about putting this mission into practice and the way we will develop it.
“We always had this vision of, ‘I want to do flash mobs in the business, and we want to buy everything that’s on the shelves.’ So I said, ‘Hey, we need to bring this to Atlanta.’ So I put it on Instagram and called Shands to get people to come,” Davis explained. “(We) came up with a story to really promote it and make it even better. And the rest is history, really. She did about $14,000 in sales, so that was her best day in business.”
He added: “Now, David and others, we’re going to offer business coaching to really help her. We’re also going to show her how to fish. It’s not just giving her money; now she’s also going to get live coaching on what she needs to do. (We’re) focused on making this thing a viable business model that will continue to work.”
For Shands, who identifies as an Entrepreneurship Coach, constructing that momentum is the opposite half of that mission. He plans to bring Issah on his podcast, where he’ll analyze her business model and offer suggestions for its sustainability and growth.
He shared, “I think the key part is education and training. So my mission is to educate entrepreneurs. That’s my thing. So when we meet, Neo does philanthropy and I do education. Because we can’t come back next month, right? So we have a platform where we can give some people a leg up. They just need a little help. But because they’ve figured it out, you can help them grow. But without education, mentorship and experience, entrepreneurs who are going through this are still going to need a handout.”
But Shands also wants to emphasise the importance of community and collaboration. No corporate sponsors wrote a check to this woman, but patrons did, buying items starting from a couple of dollars to a couple of hundred. Beyond him and Davis, the lasting message is that individuals are using their collective power to support change.
“I want to continue it because the reaction. It wasn’t the likes and views that really got me excited,” Shands explained. “It was people saying, ‘Hey, I’m going to do this in my city,’ or ‘I think we should do this next month,’ or ‘I know another business owner, let’s do this.’ So yeah, our goal is to continue the mission… We’re trying to create a collaborative narrative. Let’s forget about the money we’re giving to the person, but a collaborative narrative and an education narrative.”
Because Davis is seeking to expand his holdings and find one other business to sell next month.
“What we’re doing next month is going to be crazy and we’re probably going to do 5 times what we just did. We’re going to bring in 500 to 800 people with this free networking event called The Room. So next month, mark my words, there’s going to be nothing left in the store. That’s my goal,” Davis shared.
The more flash stores mob, the more they need participants to feel like their money goes right into a long-term business. For them, combining giving with education is vital to attracting more customers while feeling pleased about where their dollar goes.
“We want to combine giving with coaching,” Shands said. “We want to combine that with information, while also coaching and teaching them how to be good stewards. So I think even people who go out and support companies are more comfortable saying, ‘Oh, well, I know this is going in the right direction’… I think it’s important that we build successful, sustainable companies. Because what’s more important than supporting a company is that it walks through the fire and builds something special and can teach. So what makes what we do so complete.”
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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