Black Entrepreneurs, Business Owners and Self Employed Individuals Transitioning
49% of black entrepreneurs and business owners transitioning from Corporate America are Gen X ages 41-56 with 26%-33% holding a bachelor’s or master's degree. Black professionals are transitioning out of Corporate America because of the lack of autonomy, security, income negotiations, executive promotions and work/life balance. However, we have to understand that skills obtained by gainful employment do not directly transfer into every area of running a business or entrepreneurship. We handle this transition in The Coin Culture.
21% of black entrepreneurs and business owners are millennials ages 23-38 juggling being self employed, contracted and freelancing with specialized & certified skillsets. Black individuals that want control over their income often turn to these areas of earned income. However, remaining self-employed, contracted or a freelancer for a lifetime is not the road to long term wealth even though it relieves short term financial strain. We handle this transition in The Coin Culture.
Only 17% of black entrepreneurs enter entrepreneurship with a new business idea requiring more than $50,000 to start. 8:10 of these black owned businesses ratio fail within the first 18 months, 50% by year 5 and 70% by year 10. With 77% of black entrepreneurs starting a new company instead of buying a franchise, creating a franchisable model or existing business, we have to look into streamlining smarter investments vehicles with increased profit margins. We handle this transition in The Coin Culture.
43% of black owned businesses are funded by cash which has been the traditional standard for hundreds of years. However, the development of black owned and black authorized capital vehicles are not being created to match the rate we are entering and reentering business and entrepreneurship. Therefore, it is time to engage capital at a high level to increase the 3-11% of us that take advantage of lines of credit, SBA funds, family & friends investments, unsecured loans, secured loans, peer to peer lending, venture capital and angel investor funds. We handle this transition in The Coin Culture
You’re Probably Wondering How The Community COO differs from the others…
Black Entrepreneurs, Business Owners and Self Employed Individuals Complain About:
Not knowing where to turn to solve immediate business problems.
Not trusting authority figures within organizations that don’t look like us.
Wanting to bypass all the influencers and their tactics around business.
Not being aware of what professionals to contact for their business.
Leadership in business being full of people that don’t have businesses themselves.
Talk about business always being about the cute stuff, never about the real.
There’s no one available in business that holds us accountable with full transparency and requires us to do better without victimization or sympathy.
The Black Progressive Process Plan
1. Weekly Strategic Solution Videos to Live Rants
The Community’s COO randomly goes live on her social media platforms regarding business foolery across all industries that impact how we do and earn in our companies.
The Coin Culture Members will get weekly strategy videos on how to solve the problems and issues from the rants if they’re impacting their businesses. Members will be able to implement these solutions immediately upon watching the strategy videos.
2. Business Funding Resources
The Community’s COO is consistently provided with access to capital for businesses by individuals, organizations and institutions eagerly ready to support responsible, accountable and profitable companies.
The Coin Culture Members will get weekly notifications, access, video explanations and video funding strategies on how to obtain and sustain income, revenue, capital and investments for their businesses.
3. Business Software
The Community’s COO is best known for her ability to implement operating systems across Hybrid Model companies. Therefore she knows what software is marketed and not marketed to businesses of all sizes in order to prohibit their profitability.
The Coin Culture Members will get weekly access to, video explanations of, video reviews and video strategies for proper implementation of software best suited for all industries operating businesses.
The Community’s COO is the Principal Consultant of Marie Management where businesses of all sizes are provided operational services. However, the majority of minority owned businesses are run by self employed individuals. Therefore we created a self employed solution.
The Coin Culture Members will be able to attend a 12 week Accelerator for self-employed individuals to develop a profitable business around their skills that grows without copying and pasting an existing company model that doesn’t work.
The Community’s COO has created the following courses for business owners and entrepreneurs to learn the activities of their roles and how they impact their stakeholders, investors, employees and businesses alike:
Small Business Development 101
Business Owners Accountability 101
Managers In Training 101
The Coin Culture Members get access to these courses and all annual courses created surrounding internal, external and professional capacity building necessary for navigating components of business and entrepreneurship.
6. Private Events
The Community’s COO will host monthly, quarterly and annual invitation only private events for members to work ON their business, work ON themselves and enjoy the flexibility entrepreneurship provides us to enjoy ourselves worldwide.
The Coin Culture Members get discounted admission to the following private events held nationally and internationally:
Business on the Block Parties
Community Schedule Timeline
The Coin Culture Value
Endless opportunities to work ON your business not IN your business
Cultured Community of professionals, business owners, self employed individuals and entrepreneurs that look like you holding each other accountable with no smoke and mirrors
No influencer agendas or intent just hard work and business blueprints
Real exposure to how negative business choices and decisions result in negative outcomes with no sugar on top
Scholarly leadership, academic fact checking, entrepreneurial experience and street smarts woven together for a well rounded approach to how we do business in all of our perspective industries of choice
No filters, No code switching, No pressure of nobody else’s way but ours.
Uncovering all the historical ways of getting to the coin that we built this country on without the secrets.