Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Sunday, January 17, 2016

Money Matters: Understanding the Equation

Once you've taken the time to discover where your money is coming from, where your money is going, and how your money is growing, you'll need to make a plan to get to where you need to go! This is where budget planning comes in handy! What are your top 5 financial goals? My goals are
  1. Save for my son's college education (should he choose to go)
  2. Save for retirement
  3. Travel to at least 2 countries a year
  4. Build a home
  5. Build a strong empire/legacy to leave to my son
How can I achieve these  goals? I must set forth a realistic yet challenging budgeting and savings plan and know what options will get me to my goals in a way that truly suits my needs. The equation below is a very simplified way to understand your monetary goals:



Income = Expenses + Investments


 Although simple, if you understand what each component contributes and how to balance the equation, your financial goals are attainable.


Income: all funds flowing into your bank account from all sources. This includes wages, money received from business activities, unexpected gifts, interest, etc


Expenses: all fixed or variable outflows (rent, electricity, water, etc)


Investments: all money moved strategically and intentionally to a separate account to gain interest credit and the interest added to this account
If you've never created a budget or need a coach to guide you along the path, Start Young Financial Group and finance coach Latasha Kinnard are the place to be and the person to know! You'll have access to resources and tools that will help you create your best budget and live your healthiest financial life possible! The Virtual Budget Box is a great option for beginners or anyone who just needs help putting it all together while the 90 Day Income to Empire Intensive Course is a great option for people who are looking for a hands on, one-on-one coaching to not only reach their financial goals, but to surpass them! Get started on your path to financial freedom today!

Sunday, January 3, 2016

Happy New Year 2016!

Happy New Year! I can't believe it's 2016 already! 2015 was a blur, but so many amazing things happened! I gained a new family/business, my cousin survived a vicious put bull attack, my son turned 4, and I am becoming more and more the woman that I was designed to be!

This journey has not been without its lessons, so I want to share three important lessons that I am taking into 2016:

1) there are no shorcuts to success
  • consistency and persistency are key
  • plan, try, fail, repeat, SUCCESS
2) it's ok if people say "no"; everyone isn't meant to be a part of your business or our message
  • know your target audience and market to them
  • brand your business and stick to it
  • you have to sell yourself on your vision everyday; stay motivated so the rejections can be fuel
3) self-development is business management; you need to constantly improve for your business to improve
  • my challenge this year is to read 1 book per month (not very high, but last year...)
  • do a self inventory at least once a quarter to measure your growth
  • the better you develop and manage yourself, the easier it is to do it for your business

What are some lessons that you learned in 2015 that will make you even better in 2016?


Sunday, November 8, 2015

***UPDATE***


Oh my goodness, I didn't realize that I'd allowed 3 months to pass by with out posting to my blog! What on Earth was I doing? Well, I'll let you know exactly what I was doing: building my knowledge of Finance! In the past three months, I've spent countless hours going back over what I learned in college and putting it with what I am experiencing in the field, and I have to say that I've learned so much since I became a licensed life, health, & annuities agent than I ever did in a classroom!

When I go out and talk to people, I get the opportunity to see real world scenarios (not the simplified examples that we get in textbooks!). I have the opportunity to see in real time what the stock market has done, is doing, and will do to the retirement plan for the working class (401(k)), and I see the inequality in financial services that the middle class and lower income Americans receive EVERY DAY!

The systems in place are being re-written by a select few companies, and I am thankful that I partnered with one of them! I'll be talking a lot more about finance and many of the different ways to make your financial goals a reality! STAY TUNED!

~Shanta


Monday, July 13, 2015

How to start in business: LLC or Network Marketing

Let's talk business. There are many firms in the marketplace and in every industry that claim to be "just right" for you and everyone else, but if you are a business man or woman, you are very specific about what you are looking for in business and what you want to do. When it comes to starting a business from scratch, consider the following:
  1. You are on your own. No one is there to help you figure things out. You are likely pioneering this business.
  2. You accept all risk of failure or success. There is likely no system in place and every thing rests on your own actions. You are only accountable to yourself.
Of course it's not that simple, but these are two truths that I have found to be very relevant over the last six months. In a network marketing company, there are many other benefits Let's take a look at two I found in PHP.
  1. I have a team. My marketing director and business partners all have my best interest at heart. They keep me focused on the system so that I can be successful.
  2. I am accountable to others. My team keeps me honest! I can't waffle no matter what legitimate excuses come up in my personal life.
 Another thing to consider is that most network marketing firms are proven in their industry unlike an individual start up firm. In my recent Marketing course, we discussed branding. This YouTube video regarding social media marketing was one of the resources used for our last assignment. It may surprise you to know that 90% of consumers trust peer recommendations while only 14% trust advertisements! This is why network marketing, along with social media, are the wave of the future. As we become more "social" and interdependent, person to person recommendations are key to convincing the public that anything is worth their dollars!

Think about your life. I am passionate about healthy finances and healthy skin. Since I was not able to gain experience in the financial arena on my own, I decided to make my own experience. PHP is the vehicle that I am using to make that a reality. It's not for everybody, but there are many network marketing firms in the marketplace that can fit into anyone's passions and feed the need for entrepreneurship! Franchising is still entrepreneurship, and the skills that you learn will help you avoid costly mistakes when you step out on your own. Here are a few lists to get you started doing your research for the Network Marketing firm that fits your passions! I'll be talking more about PHP and why I am passionate about this firm in the coming weeks!

Top 100 Global Direct Selling Companies 2015
Network Marketing Central 

~Shanta


Friday, May 1, 2015

Restaurant Review: Healthy Lifestyle Cuisine

Restaurant Review: Healthy Lifestyle Cuisine

First of all WOW!!!! This place is phenomenal! I went down to Ft. Lauderdale this week to meet with CEO Patrick Bet-David, and one of my business associates has family in the area. They own and operate a health conscious restaurant called Healthy Lifestyle Cuisine. I've been making great strides to eat a healthier diet. Having the information is useless without application! So, I made the decision to eat more fruits and veggies while on the road. I started off doing GREAT! I stopped at Publix and bought fruit and salad instead of eating Burger King (I didn't drive most of the trip, so I got to eat LOL), so I was very pleased when we started talking about visiting my associate's family business!

Her mother and sister are running the show down in Miami Gardens, and if you are in the area, IT IS WORTH THE VISIT!!!! I ordered a Sundried Tomato grilled Tilapia wrap. I had not looked at a menu since my phone was dead, so I didn't know what I ordered LOL I was beyond pleasantly surprised! That wrap was EVERYTHING I ever hoped for!! It was a Sundried Tomato wrap with sauteed peppers and onions with Italian dressing and they were not shy with the fillings!! It also came with a boiled egg and a pickle for $10. Everything was seasoned to perfection, and it was big enough to feed me AND my 3 year old!!! I wish I could have taken pictures, but my phone was dead :(

Later on, I tried a chicken sandwich wrap... EPIC & DELICIOUS!!!!! It was very light and filling! My mom had the fried Tilapia with steamed broccoli and corn, and we all talked about that food from the time we left until now as I write this blog!!!! If you're in the area, you really need to visit Healthy Lifestyle Cuisine!!

~Shanta

Healthy Lifestyle Cuisine
1806 NW 183 St.
Miami Gardens, FL 33056

Monday, February 9, 2015

Blessed Body Brand

Blessed Body Brand is a health and wellness company that currently carries a line of all-natural personal care products including soaps, lip balms, bath salts, & more! We are a lifestyle brand that promotes use and knowledge of healthy living alternatives, and we look forward to sharing our knowledge with you and learning from you as well!

BBB started in April of 2013 with 3 products: lip balm, Shea butter, and coconut oil, and a vision to create high quality personal care products for the entire family! Today we offer handcrafted cold and hot process soaps featuring essential oils, clays, and botanicals, lip balms (our flagship recipe and a new recipe!), bath salts, hair & body oils, and our newest product SOLID LOTION BARS!

We've got big plans to expand even more in the coming months and years to include a line of all-natural hair care products for kinky/curly hair including shampoo, conditioner, hair pomade, etc, deodorant, toothpaste, bath bombs, and all-natural household cleaning supplies! The possibilities are endless and the future is looking very bright! Stay tuned for even more details on our current and upcoming products. Also, follow Blessed Body Brand on Facebook for the most up-to-date information! Thanks for reading :)

Shanta

Monday, February 2, 2015

Nice to meet you!


I have been blogging for a few months, and I realized that I never introduced myself! Thank you all for sticking with me LOL My name is Shanta Wilkerson. I am a native of Southeast Alabama, and a UABirmingham alumnae. I have a three-year-old son, and I operate two businesses while attending Benedictine University online where I am pursuing my MBA.

This blog is a fusion of great information with topics ranging from product development to entrepreneurship, from faith to personal development, from my personal struggles to professional triumphs. This is the place to find out what comes next for Blessed Body Brand and Prosperity Legacy, LLC, and I assure you that it is AMAZING! Stay tuned to see what comes next!! It's nice to meet you!

Shanta

Thursday, January 1, 2015

Happy New Year: 2015

WOW! I can't believe that 2014 is already done! It brings to mind the plans and goals I started it with. Have I accomplished what I set out to do? Did I get sidetracked? Was I successful? The answer for me: How can you tell? I always have a vision for my life. I have plenty of ideas, and plenty of dreams. However, the mistake that I have made nearly every year: not writing them down and holding myself accountable for reaching each goal/milestone! This year, I'M READY! This year I am equipped with a vision board and a MAP (master action plan)!

My vision board is a challenge for me to be bolder, to focus, to kick fear in the face, and stop chasing my dreams. The challenge this year is to CAPTURE MY VISIONS!!! You should join me! Take out paper and pen, go to the dollar tree and buy a foam poster board, and start making a list of what you want in your life. On your poster board, print or cut out pictures from a magazine of items that you want and paste them there. Start living on purpose with purpose. I learned that last lesson from a group of very wise women.

In my MAP, are all the things that I want for myself professionally: the direction that I want to take my businesses in. I have so many ideas that I will be executing this year! I am so excited to start the process of sharing each milestone with you!! This is phenomenal guys!!

Another lesson that I am learning: Make room in the physical realm for what is in store for you in the spiritual realm. Prepare your physical home to receive all the good that the Universe has in store for you. Stop blocking your growth! From this day forward, DO NOT HOLD YOURSELF BACK!! Reach out and grab everything that is in reserve for you! Make the decision that 2015 is the start of your greatest you! HAPPY NEW YEAR!


Monday, October 20, 2014

Education: MBA Entrepreneurship and Managing Innovation

On March 4th, I started my MBA program with Benedictine University online. There were several reasons that I chose this concentration, but most importantly I chose this option because I want a formal education on entrepreneurship. I started with the basics, of course, but I was finally able to take one of my concentration courses in entrepreneurship. I am very excited! The course sessions are 8 weeks long and run consecutively minus a short break for winter and summer.

Here's an excerpt from the Entrepreneurship course syllabus:

Course Description
This course deals with new venture management, examining entrepreneurial personalities, managing creativity, and establishing a successful enterprise.

Course Objectives
Upon successful completion of this course, each student will be able to:
  • Develop an understanding of entrepreneurship and the entrepreneurial process.
  • Assess the feasibility of new business concepts and ideas.
  • Explain and analyze new business venture management principles including opportunity recognition, market assessment, and financial planning.
  • Formulate a plan to identify resources and skills needed to grow a new venture business.
  • Analyze various exit strategies for new business ventures.
  • Create business plans for development and financing of new business ventures.
The weekly discussion posts were a great way to help me see other opinions and expand my thinking on the various subjects while the written assignments gave great opportunities for constructive feedback to help me improve my thoughts and processes. We also had a group project in this course. We chose to focus on developing a mobile app to search for lowest price textbooks and supplemental materials for graduate and undergraduate students. That was a challenge for me as I have no experience in mobile app development. However, it was a challenge that I now appreciate. We were also encouraged to create a business plan of our own or tweak an existing business plan, and this is what I will be working on continuously.

My next course started today, and I am very excited! This new course focuses on technology and innovation in business!! I am enjoying the learning platform and my instructors & classmates are amazing! Education is power!

Sunday, October 19, 2014

Blessed Body Brand: About Us

Blessed Body Brand is the daughter company of Prosperity Legacy, LLC. Blessed Body Brand started April 3, 2013. We are a small batch, handcrafted, all-natural personal care products company that started in 2013 offering three products: Unrefined Shea butter, Virgin Organic Coconut oil, and lip balm. We still offer these products, but we've expanded! Now we also offer soap and whipped body butters. Some of our mos recent soapy adventures include beer soap (crafted with Guiness Extra Stout), Castile (100% Olive Oil), Coconut Oil (100% Virgin Organic Coconut oil or Refined Coconut oil), Shea Butter Lush bar (made with 70% Shea and Shea nut oil with fresh cucumber and aloe vera gel), coffee soaps, and more!! Whipped body butters will be sold scented and unscented. Stop by our online store or visit our vendor cabinet at the Sunshine This & That shop at 2212 Ross Clark Circle Suite 3. It is our goal to craft high quality products for the entire family! We'll be sharing more information about us, tips and tricks & trials and triumphs for the entrepreneur! Stay tuned as we take you deep inside the lab with an in depth look at Blessed Body Brand and Prosperity Legacy, LLC!!

100% Coconut Oil Soap
Sunshine This and That Shop
Whipped Shea Butter (Yellow)

Bedtime Bliss (100% Olive Oil)



Whipped Shea Butter (Ivory)

Sunday, October 12, 2014

Fish! Catch the Energy & Release the Potential

On a recent trip to my local Rescue Mission thrift shop, I visited the book section in search of some golden goodies! My son, who is very... adventurous, wandered ahead of me trailing behind his Nana and picked up a book with a fish on the cover. He had to show it to me and to Nana. He thought that it was a book for him, but God used my little adventurer to lead me to this book! The idea behind the book is quite simple: If people love what they do, they will do it well & this is how. I decided that at $1, this book couldn't be a bad investment. Today, I was able to make my $1 investment count. I read the book in about an hour and a half with several interruptions.

There are four main principles to understand to make the workplace work.
  • Choose a positive attitude
  • Play
  • Be present
  • Make their day
The first principle can seem the most difficult for some people; however, when we choose our attitude, we create our own success. When we don't choose our attitude or we are reactive to what happens around us, we choose not to be in control of our success. Joyce Meyer calls this the "Battlefield of the Mind" and she has extensive teachings o the subject as well.

The second principle is something that is somewhat difficult for mos adults. We are taught to grow up and act like mature adults. This implies walking around in gray suits and driving gray cars and living a gray life fr most people. This takes a lot of the fun out of our lives. Since we can spend 40 hours or more working in this environment it can cause us to have a deficit in energy and enthusiasm for the work that we do. In the book Fish!, they discussed the importance of play at the Pike Place Fish Market. The workers there created a fun and playful environment where they sold fish and made memories by playing lively interactive fish games with the crowd (you gotta read the book). These games not only made the work fun, but more enjoyable for the employees.

Be present is the third principle. This is a tough one as well. Being present means being unavailable for certain things in order to make the most of other things, such as family. Set a time and place for working. At the close of business, close the business side of your life and choose to be present with your family and loved ones. Don't be too pressed to work all the time. Providing for your family is not more important than the time you spend with them. The last thing that we want is for our careers to provide more for our families than we do. DO NOT WORK AT THE RISK OF RELATIONSHIPS! Family time is more important than anything else. Nurture these relationships first.

Finally is the principle of making their day. This principle is simply the act of making yourself memorable to your customers, making memories with your family, and creating experiences that create a longing for another interaction with you or your company.

For me, the first and third principles are difficult. I have the attitude battle within myself everyday! I choose to stunt my growth every time I choose not to think positively and plan positively. Being present is also difficult for me as a single working mother. I have the full responsibility of providing for, teaching, nurturing, grooming, and the overall development of myself, my child, and my business. There is no one else to do it for me the way that I want it done.

I can ask my family and friends (a blog of a different title), but I seldom do. In fact, I take on all of these responsibilities myself. This lack of delegation makes me a little bit absentminded, exhausted, and ultimately busy all the time! I do not like it. I genuinely need to do a better job of sticking to my business hours and spend more time being present in my home and in my son's life and developing our relationship. He'll only be my baby boy for a few more years, and I want to maximize this time!

If you have read this blog and you are an entrepreneur, let me tell you simply why this book and these principles apply to us. We are the workplace. We are the energy. We are the problem and the solution. When you take on the responsibility of business ownership, your business takes on the tone that you set for it and the personality that you give it. You are the only entity that can create a change in your company. For a more in depth view of these four topics and to see how they were implemented to turn a "toxic energy dump" into the most coveted department of "First Guarantee Financial", pick up the book and read it!

Saturday, October 11, 2014

The Sea Gull or the Lion Cub?

Disney movies are some of my favorite films of all time! I love the complex simplicity of the characters and how each movie leaves you with a very important image of life and a lesson to boot! Recently, I've been thinking about leadership and knowledge. In the movie The Little Mermaid, Ariel was told a whole lot of misinformation about life on the surface! This info made her look ridiculous when she finally became a human, such as a fork is called a dingle hopper and that it is used to comb the hair! How embarrassing was that!

Let's not forget young Simba in the Lion King who was so thoroughly terrified by the things he thought he did that he couldn't begin to think about taking his place in the animal kingdom as the Lion King. He ran away from the responsibility of his lineage up until the moment he found out that he was not the cause of his father's death. These two characters and others represent two very important principles in Entrepreneurship: knowledge and timing.

  1. Know that you know what you're talking about. With the prevalence of the internet, it is easy to share and receive information. Any individual can create a platform and start "sharing knowledge" on just about any subject but not all are correct. You should be well read and current on issues in your field/industry so that your information is true and accurate. You don't have to wait until you feel like an expert to start your business. You just need to have verifiable, accurate data. There are so many resources available once you make that initial step, and you will always fail every opportunity that you don't take. Don't be a sea gull!
  2. Don't waste time. Wasting time in business is like not healthy. You can accomplish something, but not much and not usually of quality. Also, you can cause yourself delays and unnecessary hardships when you put off doing things that need to be done like calling customers, responding to e-mails, making products, or marketing. You have a vision and a reason for being in business. Don't let your moment pass you by. Conditions are rarely ever perfect for starting a business, but you should never let your personal fears or inadequacies stop you. You have something great to offer the world if you just believe in yourself enough. Take the time to believe in yourself or no one else will.

Thursday, October 9, 2014

Determination and the Entrepreneur

Tonight, I am up late. I have a group project due next week, and it's on an industry that I know absolutely nothing about: mobile apps! On top of that I am working on new products for our Blessed Body Brand product line. Plus, my child insists on trying to cuddle up with me instead of going to sleep! I could just turn everything off and snuggle up with my cuddle bug, but I must secure his future! I must tap into my determination well and finish this research for my group project and for my new products!!

Determination is a trait that all entrepreneurs must possess in infinite quantities. Being in business for yourself requires several hours of effort before any profits are realized! Most people would reject that proposition without any questions especially if entrepreneurship were the only thing that they were attempting to do at the time. I, however, am attending graduate school, raising a family, building a business, and attempting to date (a blog for another day!) My plate is full at all times, but it's necessary! I wouldn't have it any other way.

As an entrepreneur, it is important to balance work life and home life even though at times they can occur in the same space. Create a vision board and a creative space in your home. If you don't have a home office, take a corner and create your VISION BOARD in your kitchen or bedroom! Make it stand out so that you can see it everyday and be accountable to yourself for getting things done. After all, it's your baby. Nobody is going to nurture and develop it like you! STAY FOCUSED, STAY HUNGRY, STAY DETERMINED! This is what you were put on this Earth to do, do it and make it effective!

Merriam-Webster's definition of determination

de·ter·mi·na·tion

noun \di-ˌtər-mə-ˈnā-shən\
: a quality that makes you continue trying to do or achieve something that is difficult
: the act of finding out or calculating something
: the act of officially deciding something

Saturday, October 4, 2014

Entrepreneurship is...

An entrepreneur, as defined by Merriam-Webster dictionary, is one who organizes, manages, and assumes the risks of a business or enterprise. I take that definition and add one who organizes, manages, and assumes the risks of a business or enterprise, devotes countless hours of life in research and development before any profits emerge, one who sacrifices time with family and friends, one who is laughed at and questioned for his or her unexplainable passion for a vision that no one else can see, one who is consumed with their success and the success of those that they love, one who is incapable of being happy or successful living the normal mundane life that comes with a predictable and steady paycheck, but who is determined to see a thing through to the end and reap the rewards and benefits of his or her dedication and hard work in all of its various forms.

Becoming an entrepreneur is not for everyone. Some people just have brilliant ideas, and that's ok. That's why partnerships exist. Some people have brilliant ideas and courage to take on impossible tasks and only accept victory. You have to be slightly insane to make this work because it will not be easy. There are many roads to entrepreneurship, but from what I've seen and heard, the journey's are very similar. My road to entrepreneurship started as a child. I've always done things my own way. I've always been a "boss" or bossy according to my brothers.

It wasn't difficult for me to get tired of the rat trap and tap out! I started my first job at Hungry Howies on October 2, 2007, and the last day that I worked for someone else's establishment was June 26, 2014 when I finalized my documents to become my own Independent Business Owner with Arise Virtual Solutions. I've held positions in four companies: Hungry Howies, Bojangles, Office Max, various schools and departments of UAB, H&R Block, and Marathon Solutions Group, LLC. My employment at Office Max is what truly showed me that I was not built for traditional employment! The hours were decent, but the pay was ridiculous and the demands were very high.

As an entrepreneur, you'll discover that you work the hardest when you work for yourself, but the pay and benefits are much better. I remember the day I made my first sale. I felt like I had made a million dollars even though the sale itself was less than $20 bucks. As I continue to build this company and build my brand image, I only hope to bring my passion and my vision along every step of the way and never forget my humble beginnings because that is my true entrepreneurial vision of success.