Understanding Wealth and Income

Introduction

Income inequality has been accelerating, which suggests that the wealthiest, typically meaning Whites, are getting wealthier. According to a new study, the imbalance will shift so far that median Black and Latino households will lose the little relative wealth they have by about the time people of color form a majority of households in the U.S. By 2053, Black households will have a median wealth of zero. It will take Latino households another 20 years to drop to the same level, according to an analysis by non-profits Prosperity Now and the Institute for Policy Studies.

Wealth and Why Is It Important

Even black and Latino families who’ve achieved the traditional middle class status  a good-paying job and a college degree still lag far behind their white counterparts in terms of wealth. Black and Latino families with a member holding a four-year degree own just a fifth of the wealth of equivalent white families. In fact, they own less wealth than a white family whose head has just a high school diploma.

We typically describe middle class status in terms of income. But, if we change the definition to wealth, meaning you’d need between $68,000 and $204,000 in household wealth than middle class White households have nearly 8 times as much wealth as median Black households and 10 times as much as Latino households. Black and Latino families now have to earn two to three times as much as White families to catch up.

If we look at life as a 100 meter dash, wealth becomes the head start in a race, like putting someone on the starting line at the 100 meter mark and another, on the 10 meter mark in a 100-meter dash. By talking almost about income inequality, we essentially pretend that a problem made over decades can be addressed on a single year’s scale. It can’t mathematically work.

On the Road to Zero Wealth

According to the  report The Road to Zero Wealth The divide between the wealth of a typical black family and a typical white family today is vast. A median black family has just $1,700 in wealth—total assets minus total debt. Thirty years ago, that same family had $6,800 in today’s dollars. Latino families at the median have similarly small assets, just $2,000, and also saw a decline over the past three decades. White median household wealth, meanwhile, is significantly higher: $116,800, up from $102,000 over the same period.

So black and Latino families at the middle have seen their wealth slip while white families in the middle saw their wealth rise. What does this look like projected into the future? By 2053, just 10 years after the country is projected to become majority non-white, black median families will own zero wealth if current trends continue. Twenty years later, Latino median families will follow suit. White median families will continue to own six figures.

Takeaway

Changing our priorities in the savings and investment arena such as investments in bold new programs that focus on using social entrepreneurship to solve Black issues, by creating Black owned businesses and jobs, increasing home ownership, and using crowd investment strategies to increase community and personal wealth.  These tactics could reverse the decades-long rise in the racial wealth divide.

Buy The Block allows investors make debt or equity investments in opportunities that were historically difficult to access. Thanks to the Regulation Crowdfunding rules promulgated by the SEC under the JOBs Act, Buy the Block can create a community revolving around its web-based investment platform geared towards making investing in real estate easier for more investors. It presents an opportunity to invest with other connected investors, and provides the added benefit of giving each investor individual ownership in the “block.”

Please visit the Buy The Block website to sign up for this historical opportunity to be become a BlockVestor or Block Developer and own your piece of your community @ http://bit.ly/2zbAmzv

The Benefits of Blogging for Crowdfunding

Introduction

Using a modified inbound marketing strategy to drive traffic to your campaign website is the number one method of making your website a valuable marketing asset. The more pages your website has, the more chances you have to rank in search engines. Every time you post a new blog post on your website, you have a new web page on your website, and it’s all housed under your blog so your website doesn’t get cluttered with pages.

The New Marketing

Digital technology is driving a new wave of marketing that according to Hubspot by 2020 customers will manage 85% of their sales relationships without talking to a human.

More and more people are asking search engines to find them the services and products looking for. They’re looking up reviews, watching videos, and building discussions to find the answers they’re looking for before committing to a certain product or service.One of the easiest ways for potential new customers to learn about you is through your blog. Look to answer the questions they’re asking, address their concerns, and provide them with reliable information about your product/service/industry. The trust you build there will be indispensable in generating new customers.

Blogs add a Human Touch

Blogs, by nature, have a personal touch to them. For this reason, they’re a trusted source of information. Your blog serves as a great opportunity to extend your brand and showcase your personality. Usually, when typing in a question to a search engine, the first results to come up are blog posts. If you can consistently provide value and answers the questions your personas are asking, you’ll find it easier to rank on the first (or first few) pages of a search engine.

Blogs are the Marketing Workhorse

Your blog posts are working for you 24/7. Once they’re up on your site, they’ll work for you until you decide it’s time to take them down. By putting out valuable and targeted content, you can easily raise your exposure (organic traffic) and leads. Even your older blogs can get you noticed if they’re relevant and answering a question many visitors are searching for. Make sure you’re constantly updating older blogs so they continue to bring in the high-quality traffic.

Add Value to Readers

Producing reliable, insightful industry news to your visitors pays off. Not only will it increase your reputability, it will also increase your inbound links. Other websites want to seem helpful and credible as well and will share your content to do so. This will send their visitors to your site and gives you an opportunity to build your own relationship with them.

Takeaways

Business blogging is a low-cost way to create opportunities to get your website found by the people that you want to find it, so you can generate new leads and customers for your business. If you’re looking to start a business blog or get more investment for the one you’ve already started, the statistics above are a great place to start arguing your case.

 

The Crisis in Black Home Ownership

Introduction

The national home ownership rate fell to 63.4% in 2016—the lowest yearly average in 50 years, according to the business data firm CoreLogic. And there may not be a rebound anytime soon. But the largest factor holding down the home ownership rate could be racial inequality. The rate among white Americans is more than 30 percentage points higher than among black Americans, according to Trulia, a real estate site. One recent study found that 72% of all household growth from 2015 to 2025 will be from groups other than non-Hispanic whites. So if these groups face hurdles to buying homes, it could harm the overall growth of the market.

Historic Housing Policy

For decades institutional racism has harmed minority borrowers ability to own an affordable home. An analysis by the The Wall Street Journal found that only 5% of mortgages were offered to African Americans in 2014, down three percentage points from seven years earlier. Hispanics were offered 9% of mortgages in 2014, down two points compared to 2007. Meanwhile white Americans saw their percentage rise by five points during that span.

The legacy of discriminatory housing laws, like the National Housing Act of 1934, which “redlined” predominantly black neighborhoods and shut out minorities from bank loans, continues to have lasting damage as well. African Americans and Latinos suffer from residential segregation, resulting in less value for their homes. If there were no racial disparity in homeownership rates, the overall gap in wealth between black and white American households would decline by nearly a third, according to a recent study from left-leaning public policy group Demos.

Black Home ownership Gains Erased

The Black community got hit harder by the housing crisis than other groups. In general, African Americans bought homes at the peak of the bubble at higher rates than whites and were often offered costly subprime loans, even when they qualified for prime loans with lower interest rates. Also, black families did not benefit as much as white families, overall, from the post 9/11 recovery.

According to Nextavenue homeownership has historically been the best way to build wealth by far. The average wealth of homeowners versus renters. The average wealth for black Americans who are homeowners is $90,000, with $50,000 of that in home equity. The average wealth for black Americans who are renters is $2,000.”

Future Impact

Home ownership declines have affected African Americans of all ages, but among the most alarming are the trends for African American Gen X’ers and Millennials, according to the Urban Institute. The home ownership rate for blacks aged 35 to 44 fell from 45% in 1990 to 33% in 2015, half the rate of whites in the same age group. If  these trends continue, people born from 1965 to 1975 [now age 42 to 52] will likely to be the first generation from the 20th century that reaches retirement age with more renters than homeowners.

Takeaway

Action must be taken quickly in the private real estate  market to reverse these trends or our community will find itself in deeply immersed in a form of economic serfdom. Home ownership builds wealth and wealth is a cushion against economic instability. But the problem is deep-rooted and there is no easy solution.

Buy The Block allows investors make debt or equity investments in opportunities that were historically difficult to access. Thanks to the Regulation Crowdfunding rules promulgated by the SEC under the JOBs Act, Buy the Block can create a community revolving around its web-based investment platform geared towards making investing in real estate easier for more investors. It presents an opportunity to invest with other connected investors, and provides the added benefit of giving each investor individual ownership in the “block.”

Please visit the Buy The Block website to sign up for this historical opportunity to be become a BlockVestor or Block Developer and own your piece of your community @ http://bit.ly/2zbAmzv

Don’t Launch Your Crowdfunding Campaign Until You Build A Crowd!

Introduction

I usually don’t write from the personal perspective, but today, I am going to do something different. I was reading a blog post from CrowdfundBetter.com entitled The Real Reason Your Crowdfunding Campaign Is Failing and it jarred a memory in me that I normally bring a smile to my face as I tell the story of the events that led to my career in the crowdfunding industry. Today I laugh when reminded of the 2011 events that led me to crowdfunding.  My son and were venturing into the digital marketing and online video marketing space and we were working with a program operated by Louisville Metro called CAP.

The Importance of the Crowd

The director of CAP approached us with a novel concept called Kickstarter, and said, “ that if we shot some really cool videos people would send us money.” Well, I was game, so we reserved the basement conference room in the Downtown branch Louisville Free Library and we shot 8 “really cool videos” and no one sent any money to fund these businesses. I was perplexed because I trusted the judgment of the CAP director. I decided to research this new funding concept for myself. I became consumed with crowdfunding and its possibilities to transform economies by solving the age-old startup and business expansion question of access to capital. But as I continued to research and participate in this nascent industry one of the things I discovered early was the importance of the crowd.

The Power of the Crowd

I discovered that crowdfunding is a unique and innovative marketing tool that provides research, promotion, and engagement, which are essential for any business. Crowdfunding, through digital marketing platforms, provides access for creators to promote and engage with community members in an unreserved relationship. Crowdfunding, as a marketing tool, is invaluable to any brand as a way to create social media-driven communities that link their current customers, new customers, new product launches, product development, product testing, customer service, while increasing brand reach, and brand awareness. Crowdfunding has one fundamental rule and that is if you don’t build an engaged and excited crowd you will not receive the desired funding.

Building the Crowd is Vital

This newly found information sent me on a quest to educate the crowdfunding industry of this simple fact. The stated mission of my company is to build a crowd for the purpose of crowdfunding. 2017 finds crowdfunding to be a global industry that has raised billions of dollars and Kickstarter has produced multi-million dollar campaigns, Facebook and Twitter ads have changed the way creators are able to promote their campaigns, but there is still one fundamental in crowdfunding. Building the crowd before you launch is vital for a success. I had to be reminded of this by the blog post referenced earlier what my true mission is in the crowdfunding industry is.

I once consulted with a woman that paid me to provide my insights and information based on my experience in the crowdfunding industry. We spoke for hours over a few days and I insisted on her taking the time build an excited and engaged crowd. According to Kickstarter, 14% of projects finish not having received a single pledge. This figure always given me pause considering, Facebook has surpassed the 2 Billion daily user milestone.

Takeaway

As a crowdfunding consultant that has been around the industry for a while and has managed, consulted, and assisted on more than a few successful crowdfunding campaigns I feel that it is my mission to educate people on the importance of building a crowd and educating them on how I go about that process. As an industry, crowdfunding must expand the pool of backers and retail crowd investors to grow the industry into the marketing and funding juggernaut it should be.

Locavesting For Urban Community Development

A revolution in early stage finance is changing the way inner-city African-American communities relate to capital formation, real estate development, entrepreneurship, and job creation. Thanks to the passage of the JOBS Act of 2012, a new market is being born that will revolutionize how early stage investing and community economic development works — It’s called Crowd Investing.

Bill Huston

To this end, I personally believe that equity crowdfunding is the most significant piece of financial based legislation for African Americans since the Emancipation Proclamation 1863 emancipation of the Southern slaves.

Rodney Sampson

“If African-Americans shifted just 1% of the $1.3 trillion they have in purchasing power to small Black-owned businesses and real estate development it would amount to $10 billion invested in Black Communities.  

 

That’s not a game-changer. That’s a revolution!

 

Shifting Dollars  from Consumerism to Local Crowdinvesting

May 16th 2016 the  SEC Rulings on crowdfunding intermediaries went into effect and today ordinary Americans are able to collaborate en masses to give small individual amounts of funding to startups, small businesses, and real estate developments online through crowd investing, and become shareholders in the process.

The Power of CrowdInvesting

When people understand the power of local crowd investing and begin to pull from their bank savings, mutual fund accounts and begin investing 1 percent of their disposable income  in order to put their money to work in their own communities. Crowdinvesting will have the power to change how African-Americans from all income levels make decisions about where to put their money and how to spend that money.

Buy The Block

Crowdinvesting isn’t a new way of investing, but as we transform the way we see ourselves as participants and investors in companies as well as customers there will be a paradigm shift.  Crowdinvesting will make investors into local companies a shareholder and brad advocate leading to the the birth of a new locally driven capital market that brings new access to capital for inner-city community entrepreneurs. To help shape and guide this new investment market, crowdinvesting platforms like Buy The Block  are working hard to help ordinary African-Americans understand the power they wield as crowd investors and how they can participate in this social and financial revolution.

From Consumer to Investor

Crowdinvesting will usher in a radical transformation forever redefining what it means to African-Americans to be a crowd investor in America by bringing local crowdinvesting into the homes of inner-city community members in the Internet Age. If African-Americans embrace the power of crowdinvesting then the most socially transformative part of crowdfunding will come from the power of local or community-based investing.

The Case for Local Businesses

There is overwhelming amounts of recent research from prominent economists, sociologists, and other researchers that find that small, local businesses are critical to overcoming many of our biggest challenges, from reducing economic inequality to building resilient communities. According to the Kauffman Foundation new businesses account for nearly all net new job creation and almost 20 percent of gross job creation.  

Takeaway

According to Local Investing fostering an economy of small-scale businesses may be one of the most effective ways to close the gap between rich and poor. Civic leaders are increasingly grappling with income inequality, and creating policies to foster an economy that’s based on local ownership and community-scaled businesses may be one of the most effective ways to do it. That’s the implication of new research that identifies links between corporate consolidation and the widening gap between the rich and poor.

Data Driven Crowdfunding Campaigns

Introduction

If you are a creator planning to use crowdfunding, it’s important to know what to expect.  A big part of setting expectations for yourself and your team is knowing and understanding crowdfunding metrics. I encounter many people daily that are searching for funding for their business, but they don’t understand the numbers behind what it takes to run a successful crowdfunding campaign and what the realities of crowdfunding outcomes are. My goal is to use data collected from many sources to put crowdfunding into better perspective and understand what it takes to launch and manage a campaign and the realities of crowdfunding campaign outcomes by the numbers.

I was introduced to a former fortune 500 company executive that want to start their own business. They had an in-depth understanding of business and the numbers from 20 years of corporate experience. Our first meeting the budget was laid out and ready to move forward. One of the best most thought out plans I had ever encountered from a creator. The ask was almost $200 thousand and there was practically no crowd built on social media or a large email list for the project. Managing expectations was the first step in this process. So many people come to the crowdfunding world with the unrealistic expectation of what crowdfunding is and what it can do for a startup. Kickstarter has a tap on their website where the constantly post and update the data of crowdfunding.

Analyzing the Data

We took a look at the real outcomes of crowdfunding on Kickstarter as a whole and then we drilled down on the specific industry and we decided on a realistic goal based on the data point of Kickstarter.  Of the 131,535 successful Kickstarter campaigns the 73,801 fell between $1,000 and $9,999, and if you combined all other funding categories the total was 5,7734 the total was 16,067 less successful campaigns. There is a sweet spot for Kickstarter campaigns based on the data.

Crowdfunding Math

A basic way to calculate a marketing budget. Say that a campaign has a fundraising goal of $300,000 and the average perk of $50. This means that 6000 perks need to be sold at $50 to hit the goal. An average marketing campaign, regardless of whether its social media, PR, email marketing, re-targeting, etc., has a typical click through rate to a campaign of 3%. Of the 3%, 1/2 to 1% actually convert and make a donation you need to reach 20,000,000 target customers in order to drive 3% (600,000 visitors) to a campaign URL with a conversion rate of 1% (6000 donors) to purchase a product $50 to hit a $300,000 goal.

Takeaway

Crowdfunding is a data analysis game that requires research into the numbers and understanding the process of successful campaigns and avoiding the mistakes of the failed campaigns. Make sure that your decisions are based on the best data available and do your research before you launch your campaign. 

Putting The Crowd in Crowdfunding

Introduction

Is Crowdfunding no more than persuading individuals to each give you a small donation $10, $50, $100, maybe more. Once you get thousands of donors, you have some serious cash on hand. Driven by the proliferation of social media platforms nonprofits, artists, musicians — and yes, businesses — are able to raise funds. Crowdfunding has been growing at an incredible clip since 2009 and there have been billions of dollars crowdfunded during this time period. I always tell people that crowdfunding has one fundamental rule: If you don’t build an engaged and excited crowd then you won’t get the funding that you desire. The next logical question would be how do you build an engaged and excited crowd to fund your project.

Building the Crowd

Crowdfunding can create a powerful marketing and funding chain that moves from reward to equity to an IPO on-ramp to take the company public. Crowdfunding is creating an entirely new path to funding that is completely customer focused. These are the 4 basic step that I begin the process of identifying and engaging people to build an excited and engaged crowd:

  1. Research Similar Crowdfunding Campaigns
  2. Define your target audience
  3. Develop a narrative and video
  4. Fund a project yourself to experience the process  

Understanding the Funding Cycle

List all the campaigns (both successful and not successful ones). Contact the manager and ask about activities that worked best/worst. Open Kicktraq.com, paste the URLs and review their funding curves. If most of the funding occurred in the beginning, it means most came most from their own network. More stable curve means there are interested backers from the platform.

Understanding Your Crowd

Conduct a survey on your Facebook Page and share it on social media. Ask about the problem you are trying to solve. You will gather invaluable info about your audience and most importantly their email addresses. Estimate what the key problems and pain points your audience is experiencing. Engage with them and provide as much value as you can. In a couple of months, you will have a strong community of targeted people who will help you get your early seeding as they fall into their role as brand advocates. Now you have defined your audience now segment them according to demographic data.

Who is the Creator

Be able, to sum up not just your campaign but yourself as well, using the ‘elevator pitch’ approach. Make it personal and authentic. Build both your campaign and personal story. It is just as much you as your product that they are investing their hard earned money.  Some things to include in your few-sentence bio:

  • your professional experience
  • where you’re from
  • why this is important to you
  • your passions and hobbies
  • how you got to where you are today
  • what you’re working on next.

Takeaway

The last but, maybe most important action is to participate in a campaign as a backer or funder. This experience is something that you can’t read about. Participating in a campaign is a unique experience that will help you craft your own campaign. Traditionally, you’d spend months sifting through your personal network, vetting potential investors, and spending your own time and money to get in front of them. Crowdfunding provides a much more linear path to get in front of the most interested parties and give them more ways to help grow your business, from investing thousands in exchange for equity to contributing $20 in exchange for a first-run product or reward. This is an experience I recommend to everyone that is thinking of creating a campaign.

Black Female Serial Entrepreneur Tackles Commercial Real Estate

Introduction

Linda P. Smith is a serial entrepreneur that founded my first company at 28, with the help of family and friends. In 2010, she established BBE to pay it forward by providing education and funding for businesses. With Buy the Block, she has created the first Black-owned real estate crowdinvesting platform enabling the Black community to pool their immense $1.3 Trillion in purchasing power to come together to make real estate and business development investments.  

What is Crowdinvesting

Traditional real estate investments require a significant financial commitment. Buy the Block is reducing the barriers to entry to as low as $100 which opens direct real estate investment to the vast majority of people in the Black Community. Crowdinvesting became a reality when then President Obama signed the bipartisan JOBS Act of 2012, and May 16th, 2016 Title III of the JOBS Act became legal and opened up direct real estate investment to all Americans. This opened the floodgates to hundreds of millions of new investors.   

Buy The Block

Serial Entrepreneur Lynn P founded Buy the Block in a tool shed in Cincinnati in 2013. The company allowed her to couple her two passions, real estate investing and teaching others the art and science of real estate investment,  into a seamless online crowdinvesting experience for the Black community. Buy the Block has solved two of the major issues of the Black community. The first is access to capital for businesses and real estate development and the second is an investment platform with a low barrier to entry to facilitate the building of community equity and Black wealth at the same time. Buy The Block now serves investors and developers all over the US, and is thrilled to be a part of the global crowdinvesting and alternative finance industry.By bringing investors together with entrepreneurs, we are not just building stronger communities; we are building wealthier communities. In that wealth lies the only real independence.

The Commercial Real Estate Development Industry

Buy the Block’s latest foray into the commercial real estate industry that lacks diversity in the C-Suite. According to a report from the Commercial Real Estate Development Association, a national organization founded almost 50 years ago and that has more than 18,000 members, used Equal Employment Opportunity Commission data and found that more than three-quarters of senior commercial real estate executive positions nationwide were held by white men. Hispanic, Asian, black and other women — hold less than 1 percent of the CRE senior executive jobs nationwide, according to the report. Buy the Block building on its success in the residential real estate development has made its first incursion into this, White male dominated field of commercial real estate development, by leading investors in  purchasing a 24,500 square foot retail structure with tremendous potential for neighborhood retail, office space, and residential space in the downtown area of a major Midwestern city.  

Join The Movement

Buy The Block can manage any project from concept to end, and they aim to develop a large number of construction projects, in areas such as; residential, manufacturing, retail, multi-family, medical, religious, and pre-engineered building construction.

Takeaway

With the focus on the Black communities in America, Buy The Block is on track to raise hundreds of millions of dollars in funding for development projects in these communities. Having the capacity to take on more significant projects and contracts, they project that they will soon change the face of crowdinvesting real estate investing in the country. Join the movement by investing with your peers on the Buy The Block crowdinvesting platform that is breaking ground and barriers in the residential and commercial real estate industry. Visit BuyTheBlock.com and make your investment first investment today with your peers and Buy the Block.   

The Benefits of Crowdinvesting

Raise capital from your customers, so now your customers are owners!

Crowdinvesting is a way to connect with the people. It provides a platform predicated on neighborhood and community among residents, business owners and real estate developers. By allowing customers and community residents to invest in a companies and developments focused on bettering their lived experiences, entrepreneurs and real estate developers are providing opportunity for residents to literally take ownership of their futures. This is a win-win situation and an immense benefit of crowdinvesting.  

Crowdinvesting provides a new opportunity!

Professors, politicians, and community activist have touted the value of black people taking  all the money we spend on clothes, shoes, and hair, and put it into investing or starting a business. Well, it would be impossible to take all of our money and invest it businesses or real estate, but we can set aside a portion of our dollars to invest in the people that desire to start a business or develop real estate and that have the required temperament and skills to be an entrepreneur or real estate developer and invest in them. Crowdinvesting provides investment opportunities that have never in our history in America existed!  

Crowdinvesting is the answer to raising capital and marketing your business!

The U.S. rate of entrepreneurship has declined over the past 30 years, entrepreneurial activity in the African American community has increased. The problem is access to capital. Black entrepreneurs start businesses, but—often—do not have access to the capital necessary to market and grow those businesses over time. Data from the 2015 Survey of Business Owners shows that the number of businesses majority-owned by Black women grew 67 percent between 2007 and 2012, compared to 27 percent for all women and 13 percent for White women. Nielsen quantifies that growth at 1.5 million Black woman majority-owned businesses as of 2015. Crowdinvesting provides a platform for these black women to share the risk and reward of entrepreneurship with their community as investors and consumers.

Crowdinvesting Empowers the Black Community

Crowdinvesting has the potential to  unleashing $1.3 trillion in black buying power to fund black businesses and real-estate projects and it is one of the greatest wealth building opportunities ever made available to the African American community. But none of this will come to fruition without us taking action on the opportunities that crowdinvesting have brought to the table in our community.

African Americans have historically been frozen out of wealth building opportunities necessary to build generational wealth. Usually, when wealth building opportunities have been made available, it was only after other communities had access. This makes crowdinvesting singularly unique in African American history. Crowdinvesting allows black investors and entrepreneurs to have access from the beginning and can share in the economic gains made by startups growing and hiring. Black consumers—trendsetters—can use their dollars and influential platform to select which products, services, and solutions get funded from the beginning.

Takeaway

Crowdinvesting is a great opportunity to both support local business and build livable communities. It provides an opportunity for small businesses, the ones that have the hardest time finding funding, to get investments from those likely to patronize them: local residents. It puts business owners in a place to create a different narrative about their business and who they serve, while allowing them to focus their marketing and fundraising effort in a concentrated area, saving time and money.

Goldman Sachs estimates that crowdinvesting has the potential to be a $1.2 trillion industry. For diverse founders, crowdinvesting can be a game changer for companies and real estate developers seeking investment. It’s a wealth-building opportunity for investors previously restricted from investing in startups.

 

Join the Movement!

Crowdfunding Acts as Fertilizer to the Economy

Introduction

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure.

Crowdfunding is a Change Agent

Crowdfunding has helped more than a million startups raise over $3.2 Billion, and is revolutionizing the way small businesses find the capital they need to grow. Crowdfunding provides a tool kit for fundraising success for entrepreneurs that has the ability to level the playing field in the world of capital formation.

Crowdfunding is Growing Rapidly

By 2016 the crowdfunding industry accounted for more funding than venture capital, according to a recent report by Massolution. Just five years ago there was a relatively small market of early adopters crowdfunding online to the tune of a reported $880 million in 2010. Fast forward to today and we saw $16 billion crowdfunded in 2014, with 2015 estimated to grow to over $34 billion. In comparison, the VC industry invests an average of $30 billion each year.

Crowdfunding Acts as Fertilizer to the Economy

Startups and small businesses are the lifeblood of our economy and innovation across the globe. They create jobs, new products, dreams, and disruption. They are led by entrepreneurs who work hard to bring their ideas to life. Often overshadowed by failure, they persist and can change the world. We feel that entrepreneurs are heroes that need to be celebrated, and more importantly, supported by a community of fellow founders. It would be great if the process were easy, but it’s not. We’d like to help change that.

Takeaway

So whether you are crowdfunding for equity or rewards, there are a plethora of advantages in using the crowd. Even for campaigns that do not achieve their goals, you will still walk away with something of value, whether that is experience, market data, or a renewed ambition. The main point of this post is it’s important not to lose sight of what supporters have to offer and the power of the crowd. These are some of the marketing benefits of crowdfunding and if you work your campaign effectively, you will benefit in a number of other ways, all vital to help you grow your business in the future.

Alternative Finance for Underserved Communities of Color

Introduction

We are acutely aware that most small businesses and startups struggle to get access to capital and underserved communities of color receive extremely small amounts of funding from traditional funding sources. So, instead of protesting and complaining maybe small businesses and small real estate developer should begin to implement different methods of finding and deploying capital. We are going talk about 6 different types of investing alternatives that are on the cutting edge of new capital formation for underserved communities of color.

Local Investment Clubs

A traditional investment club is a small group of individual investors who come together to learn, share investing experiences and help each other become more successful investors. Clubs provide education, camaraderie and buying power, plus the confidence of knowing you don’t have to go it alone. Clubs can also choose not to pool investment dollars and instead simply come together to discuss stock ideas and analysis.

Local investment clubs will have a focus on investing in local businesses and real estate development in underserved communities using crowdinvesting to allow the club members the ultimate reward derived from  local crowdinvesting to be owner, customer and brand advocate all at the same time. Again this away to build wealth in underserved communities.

Impact Investing From Corporate and Philanthropic Foundations

“Philanthropy is commendable,” said Martin Luther King, “but it must not cause the philanthropist to overlook the circumstances of economic injustice, which make philanthropy necessary.” Philanthropists and philanthropic advisors who champion equality must work to shift from a framework that grounds giving in “charity” to one that grounds giving in “justice.”                  

Dr. Dorian Burton

As mentioned in the above section making local place based investments makes a lot of sense for investors because the benefits that locavesting bring to both the investor and the community where they live. So let’s take the next logical step and examine why more philanthropic and corporate foundations don’t look to the local market to make impact investments along with the tiny percentage of their endowment that they make grants.

So many of the problems and issues that plague inner-city communities are poverty based and many of them stem from government policies such as redlining. If foundations change their relationships in these communities from charity and began the process of providing location based impact investment into these communities to fund local businesses, real estate development, and wealth building initiatives based on market principles a lot of the poverty based issues would be eliminated.  

Rewards Crowdfunding

Crowdfunding is a new and evolving fundraising alternative that connects social media with an accounting and finance mechanism to aggregate capital on a single platform. Crowdfunding provides a platform for entrepreneurs reach out to the “crowd”—which could include their friends, customers, neighbors, supporters and social network—for funding. The idea is that lots of smaller sums of money can take the place of one or two large investors or patrons, and that technology can help streamline the process.

Crowdinvesting

Crowdinvesting is the truly revolutionary centerpiece of the JOBS Act. It became legal on May 16th 2016. Crowdinvesting provides a platform for   small real estate developers and small companies to raise money from the general public—wealthy, not wealthy, friend or stranger—as long as the investment takes place on a web site operated by a traditional broker-dealer or an S.E.C.-sanctioned crowdfunding portal, and certain other requirements are met.

Specifically, the law allows companies to raise up to $1 million in a 12-month period from the public. Investors are capped at the greater of $2,000 or 5% of their income, if their annual income or net worth is less than $100,000. The final rules also impose a limit on how much those with an income or net worth greater than $100,000 can make: they are limited to $10,000 per year or 10% of their income or net worth.

Takeaway

There are many new and emerging forms of alternative finance that provides the democratization of capital in under capitalized communities of color. Many of the communities find themselves to be isolated in urban centers and are areas of concentrated poverty. These area of concentrated poverty tend to be places that lack hope and many residents become trapped in the despair and hopelessness of the environment. But just like policy created these communities policy and the commitment of investors that want to see their communities changed are able to use their dollars to vote!

Regulation CF and Small Business Finance

Small Business Drives Economic Growth

Despite being the strongest drivers of growth in the U.S. economy, small businesses face immense challenges garnering funding from traditional sources like venture capital firms, angel investor groups, or debt financing. 90 percent of small business owners still believe that banks are the first stop for business financing, despite more than a 30-year history of banks decreasing the number of their loans going to small businesses. Since small businesses aren’t the only ones struggling for financing – startups, entertainment projects, musicians, and others face similar challenges – the new (and popular) crowdfunding industry has increasingly filled the funding gap. 

Traditional Lenders Overlook Small Business

New business owners usually aren’t the best candidates for traditional small-business loans from banks or other funding sources, which typically require collateral, years of successful operation and excellent personal credit. Even if funding were approved, new entrepreneurs may not have the resources to begin making loan payments immediately. Rewards-based crowdfunding is an alternative to traditional small-business financing and provides the means to transform promising ideas into a profitable reality — without having to pay back a penny.

The Crowdfunding Model Works Well For Small Business

Small businesses that have a loyal customer base or large following can investigate the newly passed Regulation Crowdfunding. This new form of equity crowdfunding — which is the result of the new Title III of the JOBS Act — allows companies to raise up to $1,000,000 each year, from investors for their businesses, using crowdfunding platforms. You agree to sell stock in your business and can offer those shares to anyone. However, there are limits on what individuals can invest based on their income. The transactions are done through Web-based platforms — which will both help keep you compliant with all of the laws and rules and will also take a commission on the sale of the stock.

Regulation CF is Perfect for Small Businesses

This form of capital raising is especially attractive to “main street” businesses — which may have a great history and engaged customers, but find that banks aren’t willing, or able to lend to them. This model exists in many other countries, and we see local food-based businesses, bars and pubs, art and creative studios and other product based companies taking advantage of these models and raising on average about $700,000.

Crowdfunding Can Be A Catalytic Funding Event

Crowdinvesting can supply needed capital for equipment, growth capital or for strategic hires. In many cases, it becomes the on-ramp to other more traditional models of financing as a catalytic event. Some savvy small business owners have learned to leverage small early-stage investments through crowdinvesting to increase their bargaining power and get more money from venture capitalists or others later. Whether a tool to provide small funds to launch a startup or as an alternative to the high costs of IPOs, these new rules expand the financing options available to startups and small businesses across the USA.

Locavesting, Crowdinvesting, and Recycling Community Dollars

What is Locavesting

Locavesting is a term that I came across in my work as a crowd investing consultant. I will state for the record that my interest in crowdinvesting lean much more toward local real estate development and local business development than towards the tech startups. I believe that underserved communities must consolidate and recycle their wealth through real estate development and local business development that provides job creation and wealth generation in their community first. According to a Locavestor blog post written by Amy  “Small businesses—which by definition are locally owned—create two out of every three jobs in the U.S., employ half the private workforce and generate half of private GDP.” “They create local wealth by keeping money circulating locally—that’s called the local multiplier effect.  They provide the foundation for a healthy and diversified local tax base, and contribute to the health and well being of their communities.”

Access to Capital

Access to capital is the number one issue facing many local business no matter the size or type of business, but in communities of color accessing capital through traditional methods is almost impossible. Even when the owners have the education and experience accessing business capital is highly unlikely. Big banks, which dominate the market, approve just 2 out of 10 small business loan requests. The odds are worse for women and minority-owned firms: Just $1 out of every $23 in small business bank loans goes to women-owned businesses, for example, even though they represent 30% of all small firms. In the equity space, less that 1% of all businesses receive venture capital funding—and most of that is invested in just three states.

The Convergence of Locavesting and CrowdInvesting

When we look into the investment portfolios of most individual investors we will find stocks and bonds of large multinational companies that very often send jobs and profits overseas. The new retail investor class that crowdinvesting creates is very cash rich and rarely finds itself being invested in local businesses that as stated above are the economic drivers of communities. How do we change that dynamic? How do we channel more capital to productive use—to the small businesses that create jobs, spur innovation and build strong local economies? Well, crowdinvesting is the vehicle that will be able to transfer this capital to small local businesses and real estate development.

Takeaway

There is latent potential capital that is being only as consumer dollars that are leaving the community within six hours of being earned. The vast majority of that money is not being saved or invested only spent as quickly as it is be earned. One solution is the junction between crowdinvesting and locavesting where community members are willing to invest as little as $100 in local businesses and real estate development. Then be customers and brand advocates for the businesses that you have invested in and have a financial interest in being successful. Crowdinvesting and locavesting provide a platform to increase the viability of community based business enterprises. The successful business owners can organize themselves into the next generation of investors and developers as a local investment group.  

Use Facebook to Create an Email List for your Crowdfunding Campaign

Introduction

Email marketing continues to be a strong method digital marketers use to inform, educate and push information to opt-in recipients. Email subscribers convert at almost 4 times the rate of Facebook followers for crowdfunding campaigns. It is a universally used tool that everyone sits down to check at work or home. Your email marketing will generate the highest return on investment (ROI) when you take the time to build and maintain an engaged subscriber list.  We use MailChimp lists they have built-in tools to enhance the process of list building, maintenance, and reporting as you build your crowdfunding campaign.

Email Marketing

Email serves as one leg of a three-legged marketing tool along with a blog and social media to drive our crowdfunding campaigns. Within this three-pronged strategy, email is the distribution mechanism, while a blog is the content center and social media is the conversation mechanism. When new content is posted on a blog, email can be a method of distributing notice of the new article, while social media offers a conversation mechanism for users to talk about the content. Our email list is the foundational marketing piece. It’s a jewel of great value containing the names and direct contact method of customers and would-be customers that enable us to “get in front of” these people regularly. They have invited us into their lives through their inbox.

The Facebook Advantage

Keep in mind that Facebook ads should not be the entirety of your strategy to grow your email list. Instead, it should be one aspect of a larger crowdfunding marketing and promotion strategy. So maybe you use Facebook ads to get in front of new fans, but you also have an email form on your Facebook page as well as your website where you offer things like free downloadables and early access in exchange for an email address.

The Facebook ads will be targeting people who may have never heard of you before, but are inclined to like your product based on their interests. Having forms on your website will target current fans who already know about you and want to go deeper. Both are necessary for an effective email strategy to enhance and support your crowdfunding campaign.

Facebook Targeting

When targeting Facebook users for an ad campaign, you should aim to reach people who are interested in products similar to yours. To do this, you need to find out what your current fans like about your product.   One easy way to figure this out is by looking at your similar campaign pages on crowdfunding platforms. These similar campaigns should already be in your crowdfunding marketing plan. You could also post a simple message on Facebook asking your fans to comment on your product or even run a poll to increase engagement.

The Value of A/B Testing

When targeting your ads on Facebook, it’s a good idea to have at least 2 ads running at a time, each with a different audience to provide A/B Testing to drill down on a message that will resonate best with the target market.  After each of these ads run for a few days, continue with the one that’s performing best, and replace the one that’s performing worse with a different targeting set. This process is known as A/B testing and can help you make the most of your online ad budget.

Formatting Your Ad

Another thing you want to test with your ad is the format.  With Facebook Lead Ads, you can use images or videos and have a number of choices for a call to action. As mentioned above with targeting, you also want to A/B test your format and call to action. Test multiple combinations of ad formats and value propositions to see what converts best. When using digital marketing always test, measure, tweak and retest.

Takeaway

Email provides 53 percent of backers for crowdfunding campaigns while Facebook fans only provide only 12 percent of backers, so building a segmented email list is of considerably more value to any crowdfunding campaign. Facebook Lead Ads are a great way to segment and reach the target market that you desire to reach. Working these strategies in tandem will produce the results that you are looking for from your crowdfunding campaign.  

Crowd Investing and Inner-City Transformation

Black Wall Street

Black Wall Street is a story that is often told in the politically and economically progressive circles of African-American communities. In the early 1900’s the oil boom provided African-Americans like other Americans the hope and promise of economic prosperity. But segregation an American reality which had very little to do with region and was quite simply an entrenched American policy and fact caused many of the black migrants to settle in the northern end of town under the strict lash of residential segregation.

The African-American community again demonstrating an strength and resilience not their own began to build in the face of stark and sometime brutal government and nongovernmental social, political, and economic oppression. The black entrepreneurial spirit again raised it head and these leaders began to take advantage of the entrepreneurial opportunities that strict segregation provide them.  They created an impressive business ecosystem “that included banks, hotels, cafes, clothiers, movie theaters, and contemporary homes.  Greenwood residents enjoyed many luxuries that their White neighbors did not, including indoor plumbing and a remarkable school system that superiorly educated Black children.”

This community was destroy by pure evil intent in the form of racial terrorism, but most black economically prosperous business centers were not destroyed by mob violence, but by government policies that drove private business decision making using urban renewal and redlining policies to systematically build wealth for working and middle class whites and to deny and starve black working and middle class residents of capital. 


Understanding Redlining

In 1933, faced with a housing shortage, the federal government began a program explicitly designed to increase — and segregate — America’s housing stock. Author Richard Rothstein says the housing programs begun under the New Deal were tantamount to a “state-sponsored system of segregation.” The government’s efforts were “primarily designed to provide housing to white, middle-class, lower-middle-class families,” he says. African-Americans and other people of color were left out of the new suburban communities — and pushed instead into urban housing projects.

The term “redlining”comes from the development by the New Deal, by the federal government of maps of every metropolitan area in the country. And those maps were color-coded by first the Home Owners Loan Corp. and then the Federal Housing Administration and then adopted by the Veterans Administration, and these color codes were designed to indicate where it was safe to insure mortgages. And anywhere where African-Americans lived, anywhere where African-Americans lived nearby were colored red to indicate to appraisers that these neighborhoods were too risky to insure mortgages.

The Current Impact of Redlining

Today African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy redlining implemented through the 20th century.

In 1968 the Fair Housing Act was passed that allowed African-Americans to effectively purchase homes anywhere in the United States, but this law was an empty promise the damage had been done. Those homes are no longer affordable to the families that could’ve afforded them when whites were buying into those suburbs and gaining the equity and the wealth that followed from the government sponsored policy of Redlining.

The Promise of Crowd Investing Via Buy the Block

Lynn P. is a black female serial entrepreneur that used the first black owned crowdfunding platform, which she founded, to raise over $110,000 to build the first and only black and female headed real estate crowdinvesting platform — Buy the Block. Buy the Block offers an extremely low entry fee of $100 that lowers the barrier of entry for many of the low-moderate income black families that are looking to invest in businesses and real estate projects.

Black people in the United States have a combined purchasing power of $1.3 trillion that would make our community the 13 largest global economies, but our wealth is encroaching zero and only 5 percent of white America, our income is 60 percent of white America. Locavesting and crowd investing allow African-American communities to to invest in community based businesses and support these same businesses as consumers with a vested interest in the success of these businesses.  

WeCycl Providing Economic Direction

 WeCycl is a platform that allows businesses from undeserved communities to connect with people of undeserved communities to recycle spending dollars creating economic empowerment. Undeserved communities. WeCycl Connect  is an African American business directory and online marketplace with a goal to create the largest directory and digital marketplace of African American businesses and organizations globally. WeCycl wants to connect the over 2 million black owned businesses to over $1.3 trillion of African American spending dollars and also promote black businesses to partner and spend with one another.

  1. Black women are starting businesses at the highest rate in the U.S.
  2. The black dollar stays in the African American community for only 6 hours
  3. African American we over 50% of Hennessy consumer base which sells 2.3 million cases/year but drinks less alcohol on average than the rest of the U.S
  4. African Americans earning six figures is the fastest growing segment in America
  5. African American women are the most educated women in America
  6. African Americans use cell phone devices more than any other group

We must recycle our dollars. When we recycle our dollars we create jobs, we improve our socio-economic condition, and leverage political influence. Support black owned businesses.

Facebook Marketing For Crowdfunding

Introduction

Once you have set your goals, you should create a plan and then implement the plan and achieve the stated goals. A Key part of that plan is determining the correct mix of content. I recommend using the 80-20 rule. The 80-20 rule separates your content dissemination along these lines. 80 percent of your Facebook ads will use the post to inform, educate, and entertain and the remaining 20 percent will be used to directly promote your Crowdfunding campaign.

The Importance of Engagement

Remember using Facebook for crowdfunding is all about building transparent trust-based relationships, so don’t constantly pitch your campaign you will not be able to build trust successfully using this type of posting strategy. One thing that I always recommend. Write a post that will encourage engagement. Post your statement in the form of a question to elicit engagement and feedback. Remember, if you produce enough valuable and relevant content to keep your followers engaged, they will be open to learning about your crowdfunding campaign in the remaining 20 percent of post that provides more sales-focused messaging.

 

Don’t Try to Sell

The key takeaway from this message is to provide more engaging content than promotional material to keep your followers interested and engaged with your Facebook page and ultimately your crowdfunding campaign. The Facebook dreaded, and constantly changing algorithms will always penalize crowdfunding campaigns that post too many sales and campaign promotion materials. Even though this strategy seems counterintuitive it works!

Optimal Post Times

The final part of your plan is to determine when and how often to post. Even though the algorithm means posts don’t appear in chronological order, you will have the best chance of making it to the top of the heap if you post when your audience is most active on Facebook. According to Fast Company, the best time to post to Facebook are 1-4 p.m. and the peak time is Wednesday at 3:00 p.m. Overall, Fast Company says that the worst time to post is after 8 p.m. on weekends. Finding your optimal time will require trial and error to precisely determine the time that works specifically for your audience.  One of the best tools I find it to gather information from a careful study of your Page Insights.

Understanding Crowd Investing

Regulation Crowdfunding

On Monday, May 16th, 2016 Regulation Crowdfunding became legal. As a crowdfunding consultant that had worked many years on many reward based campaigns I thought the day had arrived and the floodgates of retail investment had finally opened and the tsunami of retail investment dollars would lift all boats. The democratization of capital formation was here in the world would be all good.

A Slow Start to the Process 

As we know that was not the reality of the Regulation Crowdfunding. It has come out of the starting gate much slower than most had expected. My vision of crowd investing has always been that it is a great tool for economic development at the neighborhood and community level. A way for small local businesses and small real estate developers to access the much needed capital that they are denied in the traditional funding ecosystems. Having spent most of my life living in inner-city areas and realizing the need for capital in these communities that hold billions of dollars of latent economic activity I embraced crowdfunding and now crowdinvesting vehemently.

The Crowd Is Paramount

Many of the rewards campaigns that I managed or consulted on were created by minorities and women, so I truly saw my value as someone that could help people raise capital and create a solid long term business for myself. I come to the crowdfunding world as a digital marketer and not from the world of finance, so my company was at once focused on building and engaged and excited crowd for campaigns. I realized the crowd was vital for a campaign to be successful and that if you did not build an excited and engaged crowd you would not receive the funding. This was my mantra that I preached to every client or potential client and in my blog posts.

A Global Perspective

I had the honor and opportunity to participate on the Marketing and PR panel at the 2017 Crowd Invest Summit the largest crowd investing event in the world and one of the glaring takeaways for me at that event was that crowd investing campaigns require an excited and engaged crowd of investors as much as rewards campaign needs it. I was on the stage with some of the leading PR and crowdfunding minds in the industry and the message was constant building the crowd through marketing and PR was vital for Regulation Crowdfunding campaigns.

Buy The Block

I returned to Louisville with a renewed desire to change the inner-city West Louisville community using crowd investing. I was very fortunate to meet Lynn P the founder and CEO of Buy The Block the first and only regulation crowdfunding platform founded by an African-American women. We had a vision that was very similar and we set off to change the world of inner-city access to capital for small businesses and real estate development through a collaboration. Along the way I have met some dynamic and passionate people that have helped me on this endeavor.

Lessons Learned

What I have found must take place is the building of a crowd and for me that has ment being as much a community organizer as a crowd investing consultant. Bringing together pastors and other community leaders and educating them on the economic opportunity and empowerment that exist in their communities through  crowd investing and other forms of community capital. Many of the neighborhood residents have never invested in any type of financial vehicle in their lives. No mutual fund, IRA, 401K, and many have never even owned a home, which is the major financial asset in the vast array of the American middle-class wealth arsonal.  

Educations is Vital 

Educating the community on crowd investing and how it works by providing workshops and other community training. Using social media to build interest in how crowd investing can be a game changer for each individual as they become investors and how that effort can change the dynamics of the entire community. Providing training for small developers to learn the skills needed to develop small infill real estate projects in their neighborhoods. Professing the principles of Locavesting and why it is such a powerful strategy for developing inner-city neighborhood at the grassroots level.

Takeaway      

Like rewards crowdfunding, Regulation Crowdfunding, at the inner-city neighborhood economic development and wealth building level will require a focus on building an engaged and excited crowd. The crowd that must be developed will require a vast amount of education that focuses on the individual investor and their willingness to invest. We are literally creating a new retail investor class that has never had the opportunity to invest in a financial assets in their entire life. We are training and building a class of local investor that will become both customer and brand advocate for the same businesses where they have put investment dollars. This is an uphill battle, but we are working to tap an emerging domestic market worth billions and provide a social return that will benefit the United States’ as demographics continue to change.

The Value of Blogging for Your Crowdfunding Campaign

Introduction

Blogging is a great tool to connect and share information with your crowd on a regular basis. By a regular basis, I mean that they can expect to read a new blog post every Friday at 1:00 pm Eastern Time. Never has it been easier to share your experience and expertise in such a direct and concise manner. Writing a blog is a perfect platform to strengthen the connection between you as a professional and your audience, customers, and colleagues. Besides the obvious benefits for a business such as driving traffic to your website and SEO, there are many reasons why blogging is essential to every crowdfunding campaign during the prelaunch period.

Audience Connection

Blogging provides a great way to connect with your audience and help them to get to know you and what your campaign is about and how your product can impact their lives. This helps to build trust, as you become a source of expertise in your field. Consumers like to be informed, and appreciate any knowledge that can be shared with them in a quick and time effective manner. Blogging is also a great platform to receive feedback and engage in dialogue with your customers and audience, helping both you and your audience grow.

Demonstrating Thought Leadership

The best blogs share expertise that is concise and extremely informative. If you have an expert opinion and product for crowdfunding, a blog is a great way to expose your views to the world. When you consistently create content that’s helpful for your audience, it establishes you as an authority in your field. Once you are seen as an authority clients will come to you for all their needs related to your niche and learn more about your product in the case of a crowdfunding campaign. Your blog is a powerful tool to add value to their lives and build trust between you and your audience for your the future launch of your crowdfunding campaign.

Reaching New Customer for your Campaign

Writing blogs is a great way to reach new customers. Potential customers will stumble upon your blog and get an insight into what you and your crowdfunding campaign are all about, and the value you can provide. A blog can easily be shared through social media, quickly exposing your knowledge to the world. Linking back to your website is an obvious way to get new customers to link back to you potentially opening you up to a new relationship with them.

Takeaway

Blogging is a tool like many others that it is used for marketing, but it is more than that because people can look to you as being knowledgeable about the information that you blog about. The importance of blogging for a crowdfunding campaign cannot be stressed enough in today’s marketplace. Along with the other tools that are available such as Twitter, Instagram, YouTube, and Facebook, incorporating a blog site that gives your audience information that is useful will help you have your crowdfunding campaign growing in no time.

Black Man Is Building Vodka Distillery, Restaurant, Bar and Invites Black Community to Join in as Investors!

A true renaissance businessman located in Fort Lauderdale with deep ties to professional sports and entertainment, spirits industry veteran Victor G. Harvey plans to build a 5000 square foot building housing offices, a distillery and restaurant with tasting room in Flagler Village. Construction is anticipated to begin early next year. The successful entrepreneur’s Victor George Spirits Vodka, already a favorite in South Florida, will launch statewide and hit the Atlanta, Georgia market in early 2019.

Victor George is working with Buy The Block, an industry leader in crowd funding to assist with the expansion of the brand. More information regarding this opportunity can be found at: https://buytheblock.com/campaign/creating-the-worlds-first-black-liquor-company-one-bottle-at-a-time A Victor George distillery may make the brand a one of a kind African American owned spirits company, truly historic.

Victor G. Harvey walked into Ohio’s Bowling Green State University as a NCAA Division 1 basketball player and in 1990 he walked out with a business degree and immediately went into the investment business earning his business license as a financial planner. He bought no bling or toys with his money and at 23 years old invested in his first real estate project. While in college Harvey also developed as a rap artist and in 1993 he plowed some real estate profits into creating his own record label, Educated Records in Miami, Florida. In 1996, Harvey’s hit record “The Rise, The Fall, The Rise,” which he produced and performed on under the stage name Tai-Pan, made him one of the top independent record label owners of that time.

Harvey also had the hit single “Can’t Stop It,” that was popular throughout Florida. Always looking for opportunities to climb higher in the investment field, Victor G. Harvey bought his first hotel during 2004 in Columbus, Ohio. He later sold the hotel and focused on investment opportunities in Miami where he acquired several commercial properties for development. However, in 2007 the bubble burst and the market crashed. Harvey says “ we got out with minimal loss and started our first liquor brand V Georgio Vodka, which became one of the fastest growing vodka brands in Florida history.”

The Victor George Spirits site in Fort Lauderdale’s historic Flagler Village will represent a significant job creation venue through construction and ongoing operations with some training opportunities. The company plans to focus on veteran and minority training and hiring, including women at all levels. “I am very excited to begin the next stages for the Victor George brand,” said CEO Victor G. Harvey, Sr. “Over the next few weeks, we will accelerate our proven business strategy to increase awareness and sales in our key markets,” he said, “and anticipate making significant announcements regarding growth opportunities including marketing initiatives and celebrity partnerships and distribution deals, including international sales.”

Rendering of proposed Victor George Spirits Flagler Village site Photo of Victor George spirits CEO, Victor G. Harvey, Sr.

 

 

 

 

Posted on August 28, 2018 By Staff With 0 comments

The Oldest Black-Owned Restaurant in the U.S. — In Business For More Than 100 Years!

Jones Bar-B-Q Diner in Marianna, Arkansas is believed to be the oldest Black-owned restaurant in the country. Currently owned by James Jones and his wife Betty, the diner has been open since at least 1910 and is still widely known for serving the best barbecue pork with a secret sauce. James’ grandfather, Walter Jones, was the founder and first pitmaster.

From humble beginnings

When Walter started the restaurant, he reportedly lived in a nearby dogtrot house. And from his back porch, he served barbecue on Fridays and Saturdays.

Hubert Jones, Walter’s son and James’ dad, said the family’s initial barbecue set-up was “a hole in the ground, some iron pipes and a piece of fence wire, and two pieces of tin.”

Remaining true to it’s roots

As the oldest African-American-owned restaurant in America, having been around for several generations, the diner remains true to it’s roots. James tends the pits, and his cooking apparatus is still elemental. And the pork shoulder, hacked into savory bits and served on white bread with a spritz of vinegary sauce, is as smoky as ever.

Located not too far from the Mississippi River, Jones Bar-B-Q Diner continues to shine as a beacon of community pride and continuity.

Finally getting national attention

In 2012, the restaurant was honored by the James Beard Foundation (the Oscars of the food industry) for it’s “timeless appeal” and a quality of food “that reflects the character of their community.”

The diner has also been featured in several high profile publications in the South including Saveur, The Oxford American, and Southern Foodways.

Follow the restaurant on Facebook at www.facebook.com/JonesBarBQDiner/ or visit their location at 219 W Louisiana Street, Marianna, Arkansas 72360.

Source: http://blog.blackbusiness.org/2018/06/jones-bar-b-q-diner-oldest-black-owned-restaurant-marianna-arkansas.html#.W4QXP-hKhPY

Posted on August 27, 2018 By Staff With 0 comments

Thanks to These 56 Black-Owned Companies That Offer Shared Co-Working Office Spaces, You Don’t Need Your Own Office Anymore!

 

All in all, there are at least 56 Black-owned businesses that offer shared co-working office spaces in urban communities around the country. Their goal, according to Motherboard is to “provide more than conference rooms, Wi-Fi, and limitless coffee.” Instead, “they are built to give black entrepreneurs a safe space to find themselves in the work of innovation where they have largely been excluded.”

Real-estate centric coworking spaces are about selling desks first, with building community as a secondary goal. Owners of such services usually target freelance professionals, remote workers, and small to medium enterprises who need a space and seek a community with a collaborative spirit.

Here are just 5 of the many Black-owned ones that exist:

#1 – Black Space NYC: Based in New York City, this a collective of young, Black changemakers, systems thinkers, learners, and lovers. By bridging the gaps between policy, people, and place, their platform allows for the greater understanding, access, and cooperation needed to address inequality and injustice.

#2 – Inclusive Innovation Incubator: Based in Washington, DC, this is the first Black-owned community space focused on inclusion, innovation and incubation. The incubator is committed to creating a collaborative environment where under-resourced members have access to the space and services needed to build or grow a successful business.

#3 – Space Called Tribe: Based in Miami, Florida, this is a Black-owned collaborative shared office/co-working space that also houses an urban innovation lab for under served high growth minority entrepreneurs.

#4 – Vector 90: Based in Los Angeles, California, this is a Black-owned hyper-modern industrial-style space with hot desks, a kitchen, and private conference rooms. They give their members the freedom to build their plans from the ground up.

#5 – The Gathering Spot: Based in Atlanta, Georgia, this Black-owned co-working space serves as a hub of diverse collaboration, connections and experiences uniquely positioned to build the future of what community looks like. Frustrated with an inability to find “space and community”, the two founders came up a concept that would “gather” people from all walks of life under one roof with a unique mix of activities.

For the full list of all the Black-owned co-working office spaces, visit:
www.medium.com/theplug/an-almost-comprehensive-list-of-black-owned-co-working-spaces-70c5d086f9ec

Source: http://blog.blackbusiness.org/2018/08/black-owned-companies-offering-shared-coworking-office-spaces.html#.W3WNOOhKhPY

Posted on August 16, 2018 By Staff With 0 comments

Rappers Jay-Z, Nas and Snoop Invest In Free Cryptocurrency & Stock-Trading App

What do Jay-Z, Nasir Jones (also known as Nas), and Snoop Dogg have in common? Aside from being Black Americans, being successful music stars, and having big bank accounts, they are co-investors in the free stock trading app called Robinhood.

Jay-Z’s new venture capital firm Arrive just announced that he will be investing in Robinhood, a free stock trading platform. Jay-Z will be joining Nas and Snoop Dogg who were its big-time backers since 2014.

From its launch in 2013, Robinhood has currently accumulated over 3 million users and is valued at about $1.3 billion.

Last January, the trading service company also announced about Robinhood Crypto which would allow users to trade cryptocurrencies such as Bitcoin and Etherium. Through the app, users can build their portfolios and test the cryptocurrency markets without having to deal with fees or middlemen.

Arrive was launched in early 2017 with the goal to help start-ups with branding, business development, advisory, and capital services to increase growth. It has previously invested in Devialet, a French audio technology company, and InSite Applications, an upcoming location-sharing service.

For more information about the Robinhood app, visit www.robinhood.com

Source

Posted on February 26, 2018 By Staff With 0 comments

BLACK FEMALE ENTREPRENEUR IS FIGHTING GENTRIFICATION USING CROWD INVESTING AND SHOWING BLACK PEOPLE HOW TO DO THE SAME-ONE BLOCK AT A TIME

Lynn P. President/Founder of Buy The Block

Introduction

When you walk into the stores at a strip mall or the local community commercial corridor to purchase your retail needs, have you ever wondered who owns the building that houses all of those retail establishments? The massive apartment complexes that adorned the inner-city skyline and house so many residents in very compact areas where the economic density is immense and truly illustrates the meaning of urban living. Who owns these massive structures that generate tremendous amounts of revenue by merely being present in the community? JOIN THE MOVEMENT! 

For more information or to pledge go to https://buybacktheblock.com/

Commercial Real Estate

The Commercial real estate industry consist of property that is used solely for business purposes and that are leased out to provide a workspace rather than a living space. Ranging from a single gas station to a huge shopping center, commercial real estate includes retailers of all kinds, office space, hotels, strip malls, restaurants and convenience stores, and the size of the United States commercial real estate market is in dollars is around $6.6 trillion according to worth of commercial real estate in the United States according to Statista.

Commercial Real Estate By The Numbers

  • Retail includes indoor shopping malls, outdoor strip malls, and big-box retailers. It also includes grocery stores and restaurants. Its value is around $2.1 trillion, or 36 percent of the total value of the commercial real estate. It consists of at least 9.5 billion square feet of shopping center space.
  • Hotels include motels, luxury resorts, and business hotels. There are roughly 4.4 million hotel rooms worth $1.92 trillion.
  • Office buildings include everything from Manhattan skyscrapers to your lawyer’s office. There are roughly 4 billion square feet of office space, worth around $1.7 trillion, or 29 percent of the total.
  • Apartment buildings are also part of the commercial real estate. That’s because companies own them only to turn a profit. There are around 33 million square feet of apartment rental space, worth about $1.44 trillion.
  • Industrial property is used to manufacture, distribute or warehouse a product. It’s not always considered commercial, especially in land use plans and in zoning. There are 13 billion square feet of industrial property worth around $240 billion.

Commercial Real Estate is White Males Dominate

According to a report from the Commercial Real Estate Development Association, a national organization founded almost 50 years ago, and that has more than 18,000 members, used Equal Employment Opportunity Commission data and found that more than three-quarters of senior commercial real estate executive positions nationwide were held by white men. Hispanic, Asian, black and other women — own less than 1 percent of the CRE senior executive jobs nationwide, according to the report. During more in-depth research I came across this 2014 article by Duke Long 10 Reasons You Will Never Become a Commercial Real Estate Broker, and two of his reasons that stood out to me was point number 4 You are not a (White) man.  This article stands in stark contrast to the reality of Buy The Block!

Who Is Lynn P

Lynn is a serial entrepreneur that founded my first company at 28, with the help of family and friends. In 2010, she established BBE to pay it forward by providing education and funding for businesses. With Buy the Block, she has created the first Black-owned real estate crowd investing platform enabling the Black community to pool immense $1.3 Trillion in purchasing power to come together to make real estate and business development investments.  

Buy The Block

Serial Entrepreneur Lynn P founded Buy the Block in a toolshed in Cincinnati in 2013. The company allowed her to couple her two passions, real estate investing and teaching others the art and science of real estate investment,  into a seamless online crowd investing experience for the Black community. Buy the Block has solved two of the major issues of the Black community.

The first is access to capital for businesses and real estate development and the second is an investment platform with a low barrier to entry to facilitate the building of community equity and Black wealth at the same time. Buy The Block now serves investors and developers all over the US and is thrilled to be a part of the global crowd investing and alternative finance industry.By bringing investors together with entrepreneurs, we are not just building stronger communities; we are building wealthier districts. In that wealth lies the only real independence.

Buy The Block’s First Commercial Development

Lynn P is spearheading her next foray into the commercial real estate with a MAJOR move with Buy Back The Block movement, which will consist of over 1000 individuals raising over $1 million to Buy The Block. As a result, the facility will become 100% owned by the community members who support it. Construction will begin in April 2018, with a $600 thousand renovation that includes 11 retail spaces, office space and apartments. The development plans to reopen in June 2019 as a retail building for the Dayton, Oh community. 

Commercial Real Estate Development Project

Buy Back The Block and Stop Gentrification

The vision we all share at Buy Back The Block is to change investing from confusing and frustrating, to an accessible and enjoyable social experience. This is not what is currently obtainable, and as such we want to create a new generation of connected investors who feel informed, empowered, and confident.

We believe the current options aren’t meeting the expectations of the next generation. We are developing an accessible, collaborative, friendly and fun investing environment for both new and experienced investors. Our efforts provide a seamless and secure solution that empowers people to spend together in a way that has never happened till now.

Conclusion

Before converting this next commercial building project into it to a retail building, the 87-year-old building is sitting empty. Once this door of opportunity opens up, it will allow those of us who are conscious about legacy and generational wealth to say, ‘What are we going to do differently?’ Buying Commercial Properties is next phase in the exciting journey.Your contribution will help us complete the purchase of this property, rehab and host the block party. Also, it will help you buy a piece of your first block! Incredible to hear, but true. Join the Movement to Buy Back the Block at BuyBackTheBlock.  JOIN THE MOVEMENT! 

For more information or to pledge go to https://buybacktheblock.com/.


Posted on December 18, 2017 By Staff With 0 comments

Black-Female Serial Entrepreneur Raises over $110 Thousand Through Crowd Investing To Create The first Black-owned Real Estate Crowd Investing Platform In The United States

The JOBS Act of 2012

Crowd investing is being made possible by the Jumpstart Our Business Startups Act, or JOBS Act, a law intended to encourage funding of small businesses and real estate development in the United States by easing many of the country’s securities regulations. It passed with bipartisan support and was signed into law by President Barack Obama on April 5, 2012.  

Crowd Investing for Everyone

On May 16th, 2016 Title III, the regulation crowdfunding act went into effect and the floodgates of capital aggregation have been open to the Black community for the first time in History.  Rodney Sampson, an entrepreneur, educator, and journalist calls “Title III Regulation Crowdfunding the single most important legislation for African-Americans since the Emancipation Proclamation!”

Buy The Block

Crowd investing through Buy The Block allows community members to invest in businesses, residential and commercial real estate with their community peers to build a self-sustained business/investment ecosystem for disenfranchised communities and neighborhoods to build community equity and personal wealth. Buy the Block is the first foray for the Black community into the multibillion-dollar global real estate crowd investing industry as an owner.

Why Crowd Investing

Businesses new and old, small, and large, are now incorporating crowd investing to change the paradigm of urban economic development.  The capital formation playbooks have changed under the weight of the rising tide of “crowd capitalism”. The interest in how to effectively implement crowd investing to is reaching new and dizzying heights every day and Buy the Block is at the forefront of this innovation.

Funding “Black Girl Magic” Through Nail Spas

According to Nielsen Black women have experienced steady growth in income, population, and educational attainment, according to the study. Between 2007 and 2012, Black female entrepreneurs have grown by 67 percent. In education, 64 percent of Black women graduating from high school go straight to college, while 23 percent over the age of 25 have a bachelor’s degree or higher. But On average, black female-led startups raise just $36,000 of outside funding which amounts to 1 percent of VC funding.

Buy The Block intends to transform the relationship between Black female entrepreneurs and access to capital through with their Nail Spa Initiative. Buy The Block is on a mission to fund 12 Black-owned nail spas over the next 12-24 months including the commercial real estate where the spas sit.   

Why does CrowdInvesting matter in this market?

Many inner-city Black communities are retail and food deserts, which means that they lack access to some of the most basic necessities in their communities. These communities have very low Black-owned retail businesses and own even less commercial real estate. Black homeownership is at its lowest level since the 1960’s fair housing laws were enacted, and even though Black start businesses at a high level over 75 percent of them are undercapitalized. The best thing about CrowdInvesting with Buy The Block is that it focuses on solving issues on the inner-city market and allow people to become investors for just $100.  

If you want to find out more about CrowdInvesting or you want to support the 12 Nails Spas initiative, just visit Buy The Block to find all the details and information needed to bring our community project to reality!

JOIN THE MOVEMENT!

Did you join the movement? 

www.buytheblock.com 

Posted on December 13, 2017 By Staff With 0 comments

It’s True! More African Americans Are Investing in the Stock Market

african_americans_investors_stock_market

A recent national study by Chicago-based Ariel Investments shows that more black Americans are investing in the stock market. For years, blacks stayed away from stock investments, but that trend is beginning to change.

67% of Blacks are investing

According to the study, stock market investing has grown among the black population over the years. In 1998, 57 percent of blacks were investing in stocks or stock mutual funds. By 2010, that number had grown to 60 percent, and today 67 percent of blacks invest in stocks or stock mutual funds. One reason suggested is that more employers are offering 401K programs for their employees. Since employers match 401K deposits up to various amounts, black employees consider this a very important reason to invest and grow wealth.

Investment attitudes different based on race

Investment attitudes and behaviors differ between blacks and whites. Blacks and Hispanics invest less money, and their investments are in safer yet low-returning assets, making their wealth levels about 90 percent lower than the wealth levels of median whites, even when their level of income is only 40 percent lower. This has an effect on the growth of overall wealth.

But wait, there’s more!

In addition, while blacks always considered their homes to be their “best overall investment,” that, too, is changing, falling from 61 percent in 2004 to its current level of 37 percent. How they view stock investing, however, is changing in the opposite direction. In 2004, only 28 percent of blacks felt that stocks were their best overall investment. But in the recent survey, that number increased to 41 percent.

What all of this may point to is closing the gap in wealth inequality between black and white Americans as the upward trend for more black investors in the stock market continues.

Would you like to join an investment group? Click here.
For more details about the study, visit www.arielinvestments.com/content/view/3006/1850/

 

Posted on December 6, 2017 By Staff With 1 comment

FIRST BLACK-OWNED REAL ESTATE CROWD INVESTING COMPANY IS SHOWING EVERYONE HOW TO BUY BACK THE BLOCK; BLACK COMMUNITY IS EXCITED

Crowdfund Your Way to the Top!

Little drops of water can run into great pools, and there is power in numbers and these form the premise of crowdinvesting. Recall those charity dinners where lots of money is realized for a good cause because loads of different individuals or organizations contributed their widow’s mite to the coffer? A similar scenario plays out in crowdinvesting. The good part is that the whole process is regulated and backed by laws to protect all the players.

Now, even though crowdinvesting, especially real estate crowdinvesting is a relatively young venture, it has gained many grounds in that short period. Why do you think that is the case? It offers the average person the opportunity to own properties that they would not have been able to hold or sell otherwise. A few years back, you hardly find individuals venturing into real estate, except, of course, the bourgeoisie and the corporate multimillion enterprises. Things have changed since then.

You can make more money, in the long run of course. You get to invest and contribute positively towards the betterment of the lives of numerous people. You would be helping to keep the dream of shelter for ‘all,’ a reality. You would have done something you and your future generation would be proud of for years to come. You can beat your chest in years to come and say ‘yes, I was here,’ in addition to making money.

Although it sounds risky, and it probably is, but come on, what worthy undertaking in life is not fraught with risks? However, as I mentioned previously, the laws and regulators are there to guide and protect you. Besides, BuyTheBlock.com wants to be around in this business for years to come, leading investors like you to greatness.

Own The Block

The real estate investors on BuyTheBlock.com are called BlockVestors, apt right? I love the title myself.

BlockVestors can invest as little as $100 in equity or debt securities. You or anyone else can participate, and you do not need to be accredited.

You pay nothing to register as a BlockVestor. All you need do is register on the website, browse, review any of the available offers, get whatever information you need about the offer with a click, and sign any agreement electronically. Then you purchase your shares whenever it suits you. Social media can be used to publicize the properties you are buying, owning or selling. Very simple right?

Oh, what if you change your mind? There is room for a refund so far as you do that 48 hours before the offer closes. Oh, I almost forgot this tiny piece of information, your returns! This is distributed to all the BlockVestors within the specified period, depending on whether the investment is equity or debt.

Sell The Blocks

You know, there is this freedom associated with Buy The Block kind of crowdinvesting. Another interesting point you should know is that you have the opportunity of becoming a Block Developer at Buy The Block. As such, you can raise $1.07 million for any real estate project and or business that includes real estate over a year period via Buy The Block.

Simple step too, create an online account, provide the property information, followed by some paper works, then after the due diligence protocols and approval you are on your way to becoming a Developer on Buy the Block. Afterwards, you publicize, notify your group of BlockVestors who in turn can invest once the property becomes open for investment.

The whole process is something you can begin once you make up your mind, it does not take much to create your online profile or start block offer.

Offer Categories

Variety is the spice of life. Take a look at the various categories available on Buy The Block.

  • Office category
  • Retail category
  • Industrial category
  • Multi-family residential category and
  • Single-family residential category

No matter your tastes and interests, you are covered. These types, along with the latest offers are beautifully and proudly displayed on BuyTheBlock.com so you can quickly make the right choices.

Why not take that leap of faith? You have nothing to lose really. You can carry out your research on all the other parties involved just to be sure you are at the right place with the proper investment.

Please visit www.buytheblock.com to get all your burning questions answered.

Knowledge is power. Whatever you decide, Buy the Block will work with you every step of the way. If you encounter any problem along the way, they are only a click away. You can also email or call customer care representatives.

Finally, be sure to invest and invest wisely to secure your future and that of many others.

BUY THE BLOCK  A SPACE TO INVEST IN REAL ESTATE WITH YOUR PEERS

Posted on November 22, 2017 By Staff With 0 comments

9 Stерs tо Buу Thе Blосk оnе commercial building оr hоusе аt а tіmе

9 Stерs tо Buу Thе Blосk to оnе commercial building оr hоusе аt а tіmе

Buy The Block is hаs bесоming а vіаblе wау fоr busіnеssеs tо sоlісіt іndіvіduаl іnvеstоrs.

Вuіldіng оr buуіng а hоusе оr а blосk аlоnе іs sоmеhоw dіffісult sіnсе lеndіng іnstіtutіоns аrе mаkіng іt mоrе сhаllеngіng tо gаіn аррrоvаl fоr lоаns, еsресіаllу іn thе саsе оf multірlе hоmеs flірs оссurrіng sіmultаnеоuslу. Buy The Block саn оffеr а quісk аnd раіnlеss wау tо gеt thе mоnеу nееdеd tо buіld оr buу а hоusе оr а blосk, соmрlеtе rеnоvаtіоns аnd оthеr rеаl еstаtе рrојесts. Rеаl еstаtе сrоwdfundіng tоdау оffеrs а unіquе tооl tо соnnесt bоrrоwеrs tо саріtаl frоm all іnvеstоrs, оftеn mіnіmіzіng thе рrеvіоus bаrrіеrs tо sесurе funds fоr rеаl еstаtе dеvеlорmеnt рrојесts. Our рlаtfоrm is thе gаtеwау tо fundіng рrојесts, rеsіdеntіаl аnd соmmеrсіаl, bіg аnd smаll. Тhе fоllоwіng stерs  саn hеlр уоu whеn уоu соnsіdеr buуіng оr buіldіng а hоusе оr а blосk.

Ноw tо сrоwdfund уоur rеаl еstаtе dеаl (buіldіng оr buуіng а hоusе/blосk)

 1) Ѕеlесt аnd vеt а рlаtfоrm

Rаіsіng саріtаl fоr rеаl еstаtе іs muсh еаsіеr whеn іnvеstоrs сhооsе аn еstаblіshеd аnd ехреrіеnсеd рlаtfоrm tо fасіlіtаtе thе рrосеss. Тhеrе аrе mаnу rеаl еstаtе рlаtfоrms аnd еасh оf thеm іs unіquе, аnd sоmе mау bеttеr fіt thаn оthеrs. Rеsеаrсhіng thе vаrіоus рlаtfоrms tо іdеntіfу thеіr strеngths аnd wеаknеssеs іs аn іmроrtаnt fіrst stер fоr іnvеstоrs. Веfоrе уоu рісkuр оr sеlесt а рlаtfоrm, іt’s іmроrtаnt tо knоw thе vаrіоus rеаl еstаtе соmраnіеs thаt hаvе wоrkеd wіth thе рlаtfоrm, thе  kіnd оf tеrms thеу hаvе nеgоtіаtеd аs wеll аs thеіr duе dіlіgеnсе рrосеss. Іt’s аlsо nесеssаrу tо hаvе аn іdеа іf thе рlаtfоrm уоu hаvе сhоsеn knоws аbоut rеаl еstаtе іn wrіtіng аnd hоw muсh іnfоrmаtіоn thеу hаvе рrоvіdеd оn thеіr рrосеss.

2) Маkе surе уоur рrоduсt fіts wіthіn а рlаtfоrm’s раrаmеtеrs

Іt’s іmроrtаnt tо undеrstаnd іf а рlаtfоrm іs fосusеd оn еquіtу vs. dеbt/dеvеlорmеnt vs. vаluе-аdd vs. stаbіlіzеd аssеts / соmmеrсіаl vs. rеsіdеntіаl.

3) Guаrаntееd Fundіng vs. Веst Еffоrts vs. Роstіng Рlаtfоrm?

Іt’s іmроrtаnt tо knоw іf thе рlаtfоrm уоu hаvе сhоsеn іs usіng thе bеst еffоrt fundіng. Тhіs sіmрlу mеаns thаt уоu fіnd оut whеthеr а sроnsоr rесеіvеs whаtеvеr funds аrе rаіsеd оn thаt рlаtfоrm durіng fund rаіsіng оr іf рrе-fundіng іs guаrаntееd, whеrе а рlаtfоrm wіll fund thе іnvеstmеnt іn іts еntіrеtу аnd ореn іt uр tо іndіvіduаl іnvеstоrs аt а lаtеr dаtе. Іt’s аlsо gооd tо knоw whеthеr thе рlаtfоrm асts аs а роstіng рlаtfоrm, wіthоut реrfоrmіng duе dіlіgеnсе оr hаndlіng іnvеstоr rеlаtіоns.

4) Κnоw thе rеgulаtіоns

Whіlе аll рlаtfоrms “сrоwdfund rеаl еstаtе іnvеstmеnt”, nоt аll рlаtfоrms рrоvіdе thе sаmе ассеss tо іnvеstmеnt орроrtunіtіеs.

5) Ѕubmіt аn aррlісаtіоn

Рrоvіdе thе рlаtfоrm wіth іnfоrmаtіоn аbоut thе rеаl еstаtе орроrtunіtу. Тhіs іs nоrmаllу dоnе bу fіllіng thеіr аррlісаtіоn fоrm mауbе vіа оnlіnе. Тhіs wіll еnаblе thеm tо rеvіеw thе орроrtunіtу аnd quісklу bеgіn thе рrосеss.

 6) Gеt  an aррrоvаl

Оnсе уоur аррlісаtіоn hаs bееn аррrоvеd, thе рlаtfоrm wіll nоrmаllу rеquеst fоr іnfоrmаtіоn аbоut уоur рrојесt аnd а bасkgrоund. Тhіs wіll bе usеd tо run а сrеdіt сhесk оn thе рrіnсіраls оf thе sроnsоrіng rеаl еstаtе соmраnу. Fоr еquіtу рrојесts уоu wіll nоrmаllу bе rеquеstеd tо рrоvіdе аnу drаft оf а mеmоrаndum thаt mіght bе аvаіlаblе. Fоr dеbt fіnаnсіngs, thе rеnоvаtіоn рlаn аnd budgеt wіll bе rеquеstеd.

7) Рrераrе аnd submіt аn invеstmеnt pасkаgе

Usіng а сrоwdfundіng рlаtfоrm mеаns ассеssіng аn еnоrmоus nеtwоrk оf іndіvіduаls, рrоfеssіоnаl іnvеstоrs, аnd іnstіtutіоns fоr саріtаl. Тhеу wіll wаnt tо реrfоrm thеіr duе dіlіgеnсе аnd undеrstаnd уоur fіnаnсіаl роsіtіоn. Тrаnsраrеnсу іs kеу. Yоu nееd tо аttrасt іnvеstоrs bу рrеsеntіng thе орроrtunіtу tо thе рlаtfоrm’s ассrеdіtеd іnvеstоr tо gаіn аttеntіоn аnd саріtаl fоr thе рrојесt.

8) Rаіsе Саріtаl

Νоtе thаt еасh іnvеstmеnt орроrtunіtу іs unіquе аnd іt’s dіffісult tо рrеdісt thе tіmе реrіоd tо соmрlеtе fundіng fоr аn іnvеstmеnt орроrtunіtу. Ноwеvеr, dеbt іnvеstmеnts аrе sоmеtіmеs fаstеr, mоst оftеn wіthіn hоurs. Еquіtу іnvеstmеnts tурісаllу tаkе lоngеr tо fund, оftеn fеw wееks.

9) Аррrоvеd Fundіng

Аftеr соmmіtmеnts аnd funds hаvе bееn rаіsеd, thе rеmаіndеr оf thе рrосеss саn tаkе uр tо 5 аddіtіоnаl dауs fоr funds tо сlеаr.

Join The Movement

 

Posted on November 1, 2017 By Staff With 0 comments

Join The Celebration October 30 is National Dashiki Day!

14492405_1268861609843135_5208595518636788890_nNational Dashiki Day

Oct. 30 is National Dashiki Day — a day of cultural celebration to the colorful garment that was adopted by African-Americans in the 1960s and 1970s as a symbol of pride, awareness, independence, and power. Although the loose-fitting pullover garment traces its roots to West Africa, it found a place in America during the post-civil rights era of the late 1960s during the black power movement.

National Dashiki Day takes place on Oct. 30, 2017, where it is referenced across the internet, including 10000’s of mentions on Twitter. Facebook & Instagram.

To join in, all you have to do it wear your Dashiki on October 30,  and make sure you join the parties in every city participating in this beautiful festival.  Muslim, Christian, Jew, black, white, red, brown or blue. Whatever or Whoever you are-Stand-Up and Stand-Out against hatred, racism and spiritual persecution! Gather your neighbors, friends, relatives, co-workers and participate in the National Dashiki Day. Wear yours to work, shopping or school. Anywhere and everywhere! Get creative! Host the˜best dashiki’ contest. Get the kids involved! Then post your pics on all over social media and on the net.
Do you need a Dashiki but don’t know where to find one? Check out Lakay Designs, they specialize in everything African Inspired. Don’t forget to support Black Businesses in the process, Lakay Designs is one.
#NationalDashikiDay

October 30, 2017

More info on Dashiki Day can be found on the Wiki page for Dashiki, or on social media  ‘About National Dashiki Day,’ via Twitter & Instagram, use ‘#DashikiDay,’ “#NationalDashikiDay.

Posted on October 4, 2017 By Staff With 2 comments

After Waiting 8 Years, Black-Owned Company Finally Wins $700 Million Contract to Redevelop South Central LA Community

Quintin E. Primo III, CEO of Capri Investment Group

A $700 million project to redevelop a neighborhood in South Central Los Angeles has been approved by The Los Angeles Planning Commission. The proposal was made by Black-owned Capri Investment Group, headquartered in Chicago, and includes homes for low-income earners and an expanded and revitalized shopping mall.

Chairman and CEO of Capri, Quintin E. Primo III, has been waiting for approval for 8 years. After final approval from the Los Angeles City Council, he can begin his master plan which includes 961 condos and apartments, a new 400-room hotel, a 10-story office building, retail stores, and restaurants. By tripling the plaza’s size to over 3 million square feet, the new complex will provide additional retail/restaurant services and replace surface parking with new housing conveniently located near public transit.

More housing and jobs coming to South Central LA

Some initially had concerns that the new complex would hurt black residents from nearby areas with limited financial resources. However, according to Luci Ibarra, a senior city planner with the Los Angeles Department of City Planning, no one would be directly displaced by the redevelopment project because there are no homes currently at the site. In fact, the project will result in more, affordable housing and better housing choices for low-income residents.

In addition, 25 percent of all jobs created during construction and operation of the expanded plaza will be offered to local residents, resulting in more jobs, more housing, and a better place for people to live, work and enjoy a good quality of life.

Making history

The $700 million investment by Capri is the first time that amount of private commercial capital has been invested in South Los Angeles. Primo is very optimistic about the value it will add to South Central Los Angeles, adding, “While there still is a governmental and community process to be completed for this large, complex and socially impactful investment, we believe its redevelopment holds the potential to become the new City Center for South Los Angeles, a chronically underserved minority area.”

Stores and businesses that will remain and continue to operate include the 15- theater Cineplex, anchor stores Macy’s and Sears, and all other retailers at the mall. Final approval by City Council is expected to be attained later this year.

For more details about Capri Investment Group, visit www.capri.global

Source

Posted on October 4, 2017 By Staff With 1 comment

Top 7 Black-Owned Restaurants in New Orleans (The Best Gumbo, Jambalaya and More!)

New Orleans, Louisiana is known as one of the culinary capitals of the United States. Food served in this amazing city reflects the local Cajun, Creole, and French roots. Visitors come from all over the world just to taste its exquisite gumbo, jambalaya, crawfish, red beans and rice, and more. And every summer, hundreds of thousands of African Americans come to New Orleans to attend the Essence Music Festival.

Here are some of the best Black-owned restaurants in New Orleans:

#1 – Ray’s On The Ave: located at 1139 St Bernard Ave, famous for fast service, gumbo and fried chicken, boiled crawfish, and live music.

#2 – Fred’s BBQ & Soul Food: located at 3336 S Claiborne Ave, serves some of the best barbecues in New Orleans, along with Mac and cheese, yams, and corn.

#3 – Heard Dat Kitchen: located at 2520 Felicity St will more than satisfy you if your craving is for Cajun/Creole, Seafood, Soul Food. Try their crawfish stuffed shrimp and the blackened catfish and green beans for starters. Good food and southern hospitality.

#4 – Bennachin Restaurant: located in the French Quarter, serves some of the best African and Soul food around. From cabbage and couscous (Yasa) to the black-eyed peas and coconut rice with plantains (Kone Ni Makondo), it’s all good here!

#5 – High Hat Cafe: located; at 4500 Freret St, specializes in southern, soul food favorites like catfish, BBQ gold shrimp, shrimp Po boy, one-eyed burger, mac & cheese, cornbread, pimento cheese grits, and slow-roasted pork. The restaurant is also dog-friendly!

#6 – McHardy’s Chicken & Fixin’: located at 1458 N Broad St, is a favorite among chicken-lovers. Customers consider their fresh, fried chicken the best in the city. Reasonable prices, too.

#7 – Catty Car Corner: located at 1340 Poydras St, has a 1980s style decor and serves cafeteria style, including breakfast. One of their specialties is grilled cheese sandwich made with gruyere, caramelized onions, and prosciutto. Customers say it is “melted high-quality cheese.” Try their pulled pork, too. The restaurant is closed for dinner but serves breakfast and lunch.

Posted on June 1, 2017 By Staff With 0 comments

Black Owned Crowdfunding Site Reaches $100k in Funding – Ain’t No Stopping Us Now

Black multi-generation family outside, the power of the crowd. Black Owned Crowdfunding Site Reaches 100k in Funding – Ain’t No Stopping Us Now

Nationwide, May 1, 2017 – To be successful, it is vital to have the courage to go for it. At a time where it was unpopular to birth and run a black owned crowdfunding site, Lynn Da, a young budding entrepreneur out of Cincinnati has taken the bull by the horn to make the impossible possible.

Founded in the year 2012, with the aim of helping members of the black community get funding for their businesses, Suffice it to say that in April, BBNomics has been able to raise over $100,000 in funding.

Speaking excitedly, Lynn, the organization’s founder said; “I am thrilled about this latest development. This particular feat will go a long way in strengthening our hearts and increase our faith for a better tomorrow for the black community, as we all work together to make it happen. Even though the journey is long and tough, this has made us believe that it is achievable.”

In recent times, BBNomics has funded some notable projects such as; Kimchi Socks (a young socks company), Bringing More Healing to the hood (a mental health clinic in Chicago) and much more. “My personal goal is for BBNomics to raise one million in funding to help entrepreneurs and organizations open their doors to the public, and I know we are almost there” Lynn added.

It is noteworthy to mention that ‘Basil Health Fund’ and ‘Buy The Block’ are some of the campaigns that BBNomics is currently spearheading. While the former focuses on raising funds for Basil Elby, the alleged mastermind of the I-85 Atlanta bridge collapse, the latter presents a platform that will allow groups and individuals to pool resources, share knowledge, vote on the property to invest and efficiently manage investments.

According to their website, anyone can start a campaign and get funding for businesses, organizations, social causes and more. For more details about BBNomics, visit – www.bbnomics.com or follow them on Facebook at https://www.facebook.com/bbeconomics/
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Posted on May 1, 2017 By Staff With 1 comment

Top 5 Mistakes You Can Make While Investing in Real Estate

Top 5 Mistakes You Can Make While Investing in Real Estate

Top 5 Mistakes You Can Make While Investing in Real Estate

Although you can invest in real estate even if you don’t have any experience, here are some things to avoid. Experience is not necessary, but learn as much as you can avoid top 5 mistakes to make. On your journey to wealth, use these tips to reach the very best results.

Here is some insight that will offer you a unique approach. Make sure to prepare yourself to address various issues along the way. It means you can easily make mistakes if you’re not careful. With that in mind, we created a list of errors that you can make so that you can avoid them faster and with much better results.

No research: 
The lack of the investigation is not ok at all. While real estate investment seems rather easy to do, you don’t get to be very successful with it unless you know what you are doing. If you don’t research, results may slow or not be as good as you expect. So, research as much as you can on every single property you view, this type of due diligence will come in handy for sure.

Improper financing:
If you are self-financing your investments, then you don’t have to worry about this. But if you aren’t self-financing, you may want to find a safe and reliable financial opportunity that will help you cover the investment costs. It will be a bit challenging, but with the right lender, enough capital you can get some excellent results in this situation.

Doing everything on your own:
It sounds nice at first, but the reality is that you can always delegate your tasks to other people that are just as vested as you are in the investment world. Remember, a team effort can bring even better results, so keep this in mind.

Paying too much:
The reality is that overpaying is a problem. Lots of new investors tend to pay too much on a property, and thus their chances of making real money from that will be drastically reduced. Thankfully, there are always options. In this case, you have to study the market, understand what’s wrong and make an offer based on what you find to be the market value of the property.

Thinking that expenses are low: 
They can be at times, but expenses can also be very high. You have to understand what real estate investing means, and you have to take your time to study every expense. After all, expenses can quickly add up to some major costs, and you want to avoid such a thing. Take your time and track all the expenditure with the utmost attention, it’s better to be safe than sorry.

Top 5 Mistakes You Can Make While Investing in Real Estate. These are some of the common mistakes that you can make while investing in real estate. It’s paramount to focus on avoiding these problems, the better the results will be in the end!

Join The Movement! 

 

Posted on April 5, 2017 By Staff With 0 comments

Real Estate Investing Made Easy

Real Estate Investing might seem a bit complicated at first, but that’s not exactly the case. What this process does is it provides you with the means to use your money to invest in real estate properties. You do that to purchase new properties and generate income. The process is rather simple, and it allows you to acquire income on the backburner, all thanks to the money you invested.

The great thing about Real Estate Investing is that it allows you to generate revenue and profits over time. The way you do that is via price appreciation. As the price rise, you can sell the property, and then you can make a profit from that. Tax implications do differ when it comes to Real Estate Investing because each type of investment comes with its set of various taxation models.

However, you can generate a substantial income from Real Estate Investing, and all you have to do is to invest wisely in producing best results in the end. Focusing on specific properties is mandatory. It’s imperative to focus on investing in real estate as this will allow you to generate capital gains as soon as the property value invests in time.

Knowing how to invest in real estate properly can be a bit hard at first, but with the right approach you will find no problem getting the right value, and the experience can be very rewarding for sure. It’s all about taking your time, knowing what to do and in the end, this can be amazing, to say the least!

Once you enter the world of Real Estate Investment, you need always to bring in a good cash flow. Otherwise, results might not be the ones you expect. It can be rather challenging, but as long as you take your time and avoid rushing, you will find the experience to be second to none in the end. So, don’t hesitate and opt for Real Estate Investing if you want to create a new career that provides you with a stable income on the back burner.

Entering the world of Real Estate Investing is not easy, and it can bring in front a resounding, unique experience. It’s certainly something that pays off a lot, so try to keep it in mind to the best of your capabilities. Do that, and you will be quite impressed with the results. Plus, Real Estate Investing can give you a good way to deal with any potential problems, so try to make the most out of it right away, and you will not be disappointed!

Join The Movement! 

Posted on March 28, 2017 By Staff With 1 comment

Why You Should Forget About Old School Real Estate Investing

If you want to be one step in front of your competition, you need to know what the next big thing will be or at least figure out how you can use it to turn the tides to your advantage. That’s where Real Estate Crowdinvesting comes into play.

Real estate professionals know that investing in an excellent property can give a resounding return on investment in time. The only problem comes when you don’t have enough money to make such investments. Unfortunately, if such a thing happens, you will have to wait until you accumulate the finances needed for such an acquisition.

So, you either have to wait for a long time, or you just need to go to the bank and deal with loans, something that’s not exactly a good idea. Beginning investors had to do this all the time and, as you can imagine, things like this don’t go well all the time. But it’s still clear that you can gain some amazing results with the right approach. That’s why the next big thing in the Real Estate world is Crowdinvesting! The reason is rather simple, with help from other people that also want to invest money in large properties, you get to make a name for yourself, and the value can be incredibly rewarding.

Not only will you get to make a name for yourself in the longer term, but the value on its own is second to none, and you never have to worry about any potential investment problems. While regulations are in place, Real Estate Crowdinvesting can step away from the infancy stage, but the reality is that the future is bright for this particular industry. Not only does it allow more and more people to invest in real estate, but it significantly lowers the entry point, and that’s critical, to say the least. It is clearly showing value for people that entered this area in its early stages.
And it will get even better in the longer term.

Buy The Block is leveling this playing field. It’s safe to say that this industry is here to stay. As long as more and more people enter the Real Estate Crowdinvesting world, we will be able to see more and more residential and commercial projects acquired this way. Buy The Block will put the power back into your hands and it will pay off in the end, it can bring plenty of success to the people that need it. You should totally consider joining right now, because this is the future of real estate investments, and you certainly want to be a part of it!

Join The Movement!

Posted on March 15, 2017 By Staff With 0 comments

TYPES OF PROPERTIES YOU CAN FINANCE USING CROWD INVESTING

So, you finally decided you want to enter the property group investing world, but you aren’t sure what type of resources are worth your time? We created some critical things to focus on, a list with some of the best types of properties you should pursue when you engage in real estate crowd investing!

Commercial properties: 
Most of the time, real estate group funding will work very well for the commercial properties. The reason is simple; you can purchase them and then you can rent them to businesses, which in the end means you get a monthly revenue stream. The amount will vary, but getting passive income this way is an excellent idea. Plus, when you reach a certain number of properties, it will allow you to build finances needed for other investments slowly.

Residential properties:
Investing in real estate properties for residential use is another idea. The idea is that you can opt for single-family homes that are in excellent shape and rent them out for income. This way there will be fewer people involved in the purchase, and you will have a much better ROI when you just resell it. There won’t be any need for any repairs either, which is imperative!

Foreclosure properties:
Not a lot of people think that real estate crowd investing can be used for the foreclosure properties, but this can work extremely well. It can help you acquire and rehab with help from other group investors, and you can get an outstanding return on investment from it.

New homes:
Investing in the construction of new homes that will be resold for profit can also be a superb idea. It’s important to try out this option as well because it can bring in quite a lot of success and it will be relatively easy to sell a new home. You do have control over the construction process, and you can make sure that the construction is finished on time, which is imperative at all times.

Rental properties:
These are excellent sources of money for real estate crowd investing, mainly because you just purchase them for rental. Sure, the rental money will be split between every member of group investor, but you can invest in multiple properties like this, and the sums will add up. It can be a consistent income that arrives monthly, and it will also help you enter the real estate crowd investing world with ease!

In conclusion, there are many options you can focus on when you join real estate crowdfunding. You just have to pick the right one that suits your needs and follow it properly. The reality is that you can always experiment with all of them to find out which one is the best. Or you can opt for various real estate crowd investing combinations that may suit your requirements. Do that, and the experience will be an extraordinary one in the end!

Join the movement at ‘Buy The Block,’ today!

Posted on March 9, 2017 By Staff With 0 comments

Program Is Showing the Black Community how to ‘Buy Back the Block’– One Investment at a Time

Lynn the Founder of Buy The Block

Lynn, Founder of Buy The Block — Program Is Showing the Black Community how to ‘Buy Back the Block’s One Investment at a Time

MEMBERS OF THE BLACK COMMUNITY RALLY TOGETHER TO ‘BUY BACK THE BLOCK’– ONE INVESTMENT AT A TIME

Following the successful creation of ‘Buy The Block’ as well as the passionate contribution of the community towards ensuring that the movement’s goal of raising the sum of $100,000+ is reached.  Lynn is thrilled to announce the highly anticipated launch of their new one-stop online crowd investing real estate investment platform,  2017.

Even though we are not yet there, it is heart-warming to see black people across the U.S., unite as one to embrace and support this unique concept via their continued contribution. With their help, we’ve been able to raise almost $109,000+ an amount we are devoting towards the development of our website, app and buying our first block” said Lynn, CEO at ‘Buy The Block’. In the coming months, contributors will be taking advantage of some excellent features that will take everyone by storm. These unique offerings will be targeting the existing state of affairs and bringing a breath of fresh air to the industry.

Suffice it to say that ‘Buy The Block’ aim to lead sponsors and developers in a significant number of investor’s projects if not all. This major factor in their operation distinguishes them from other crowd investing platforms.  While loads of their competitors only handle third-party sponsored projects and front as mediators through the provision of technology to execute funding for outsourcing deal. Buy The Block has been able to carve a niche for itself by putting their money where their mouth is and spearheading their project development with the help of their in-house Block Development Success Managers.

Doing this has helped us to reduce risks to the barest minimum and increase investors’ returns. Furthermore, through the creation of a personalized portal per investor, we furnish each of them with frequent real-time investment updates.  Our process will help us to earn their confidence without hassles.”  With a team of sound and highly respected professionals, Buy The Block is on a mission to change the face of crowd investing real estate. By keeping each investor informed through the provision of regular updates, the company continues to endear itself into the heart of investors.

“We have a blueprint of what works, and it will produce results. We are here to stay and lead the way by making real investing easier than ever” Lynn concluded.  Buy The Block was live on Saturday, June 17th, 2017 (Juneteenth)! Visit our Facebook page for more details.

Buy The Block goal was 500 members, we now have 450+!  Way to go!

Join The Movement

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Contact:
Buy The Block
Email: info@buytheblock.com
URL: https://www.buytheblock.com

Posted on February 23, 2017 By Staff With 73 comments

Why We Love Real Estate CrowdInvesting and You Should Too

African American family together outside their home

Real estate crowdfunding, also known as CrowdInvesting, is generating a massive amount of money for a broad range of residential properties all over the country. Simply put, regular people that want to become real estate investors need to use a dedicated platform like Buy the Block, and they can buy back the block in their local area if they so desire.

This real estate investment opportunity has proven to be a major success, and now it’s one of the best and most reliable ways to generate the funds needed to purchase real estate properties all over the globe.
But you do have to wonder, what kind of impact do you get from CrowdInvesting? Is this indeed a breakthrough in the real estate world or is it just a phase that will most likely be forgotten sooner rather than later?

The answer is, thankfully, the former. Yes, CrowdInvesting is generating the means and expertise necessary to overcome a lack of investors for various regions all over the world. Plus, companies, like Buy the Block, can allow regular people to start a new career as real estate investors in a very simple manner. The new investors just share money via the platform, and they will get a solid return on investment extremely fast.

Similar CrowdInvesting companies have already generated around $1.7 billion in CRE projects, and they gathered hundreds of millions of dollars, with Buy the Block being one of the best examples in this regard. Giving power to the people is an excellent thing in the real estate investment world at this point. Instead of trying to find an investor for various residential projects, CrowdInvesting makes the entire process simpler and easier.

Platforms, like Buy the Block, will regulate all investments and the process will be a lot faster and safer for all parties involved. Contractors will get the cash flow needed to create new buildings, and the new investors will be able to earn money and a solid return on investment without having to worry about what they get back! This is why we love real estate crowdInvesting and you should too.

Every investor can start with as little as $100, and in return, he/she will get a stellar ROI based on how much he/she invested in the first place. Some investors can offer $1000; others can opt for way less/more depending on their budget. It’s imperative to note, the fact that this type of real estate investment doesn’t come with a significant entry level, in fact, it has a great approachability, and the results are second to none due to that reason alone.

Is CrowdInvesting safe? Yes, this is one of the best real estate investment methods that you can use at this time. Not only does it allow multiple people to invest in a project that a regular corporate investor might pass on, but it also generates a lot of revenue for all individuals that are a part of this project. If you want to become a part of the CrowdInvesting wave, you should consider joining Buy the Block now; this can be your way to get into a thriving industry!

Join The Movement!

 

Posted on February 12, 2017 By Staff With 1 comment

The #1 Financial Principle YOU MUST KNOW

The #1 Financial Principle YOU MUST KNOW

 

Financial literacy is not just about knowing how to save your money.

Anybody can do that.

Financial literacy is about knowing how to — USE money.

Look, we know that the average White family in the U.S. has 13 times more wealth than the average Black family1 with Whites at $144,200 compared with Blacks at $11,200.

The income of the average educated Black income is $43,300. For Whites, its, $71,300.

Do not be confused by the difference in wealth and income.

Wealth is the total sum of your assets (things you own with value i.e. houses, businesses, stocks) MINUS your total debt.

Annual Income is merely the amount of money you make in a year.

Of course, most of that wealth gap can be attributed to historical racial oppression:

The long history of Black exclusion by Whites from homeownership2, education3, and jobs4 worked to keep Black folks from generating and maintaining wealth.

But you knew the wealth gap existed before you read this.

That’s not why I’m here.

I’m here to tell you that real financial literacy is about knowing how to — USE money & how to THINK with money. It’s using your money like little soldiers, sending your dollars out on a mission to recruit and capture more dollars.

Let me let you in on an often forgotten secret…

Black people save.

Black people are responsible.

Black people are tremendously intelligent.

The problem is not that we don’t know how to save money or that we only care about Jordans’.

The problem is that saving is not enough.

Saving is only one aspect of financial literacy.

It’s like you’re learning to read and write again- you finally learn where the Period goes in the sentence…Good. But there are key principles that you still need to know in order to actually become literate.

I want to share with you the # 1 key financial principle that you must know. It’s time to learn the rules of money. I’m so grateful someone shared the game with me back when I thought that if I just play by the rules, get my Master’s degree, then I’ll be alright.

SMH.

Back when I didn’t understand the Rules of Money, I found myself standing in the EBT line like so many of our people. I was demoralized… I mean, I never went to jail, I got an education, a Master’s, networked, treated people nicely….

 

I never knew The System was not built to reward Black people for being educated and hardworking. The system was built for people who know and play well by the Rules of Money.

 

Like it or not.

 

That’s why I’m sharing this with you.

Still though, I hear too many people talking about how Black folks will never be able to overcome the wealth gap, how Whites will destroy whatever Black people build, or how there is nothing Black people can do to live better if government does not intervene. It’s infuriating to me.

The problem: These naysayers are often right.

However, this Does Not Mean that Black people should be doing NOTHING but marching.

Why? Because there ARE ways to GENERATE WEALTH for the average Black family if we understand the Rules of Money.

White folks are not stopping you from reading this. They will not stop you from investing, either.

You have tremendous Power.

If you start with the #1 financial principle, you can enhance what you know and generate wealth for yourself and our community.

The #1 financial principle I want to share with you is: LEVERAGE.

Let me ask you a question:

I want you to really imagine that debt collectors are knocking down your door, you’ve been stressing for months, your debts fall into default mode. You can’t sleep.

Let’s say your total debt is $60,000 (student loans, credit cards) & your total annual expenses are $40,000. You’re having a hard time finding work.

If you had $60,000 dollars in debt and you were given $100,000 to use any way you want, how would you spend the money?

Would you pay the $60,000 debt, then invest the rest in a business?

Bad Idea.

This decision shows a lack of understanding of financial principle #1- LEVERAGE.

Here’s why:

If you completely pay off the debt right now, you just lost $60,000 and now only have $40,000 to work with.

$40,000 in free money sounds great don’t it? Especially to someone who couldn’t sleep only nights before because of crushing debt.

However, there is a bigger picture at work.

Financial Leverage= using a small amount of money to acquire assets that generate larger amounts of money.

You are going to purchase an ASSET. Assets are things that make you money. For example, when you purchase a stock, every year that stock will pay you just for owning it in the form of interest and dividends. This is what makes the stock valuable.

After you purchase the asset, you are going to make that asset pay off your debt for you.

Here’s What You Do With The $100K:

First, pay down your debt to the point where it falls out of default. THEN STOP. Let’s say this requires $10K.

You will keep up monthly payments so that you are slowly paying down your debt. Your monthly payments on this loan are $800.

Now you have $90K left. You are about to create a debt plan that applies LEVERAGE.

With the $90K, you go to a bank and finance a rental property. You will put 20% down on a property in a great, affordable location. The property cost $200K.

20% of 200K means that you will put down $40K to purchase the home. You’ve done your research and see that the mortgage payment plus all expenses is $950 (assuming a 3.5% interest on the mortgage).

You also know that you can rent out this property for $1950 a month.

This will create a profit of $1000 each month.

That means that you just used $40K to acquire a $200K asset. You generate $1000 each month off of the asset ($1950 rent-$950 you owe to the bank for the mortgage).

You use this $1000 a month to pay down your $800 monthly debt in credit cards/student loans. This is applying LEVERAGE.

Think about it- If it cost you $800 a month to pay down your $50K credit card and student loan debt, that means you will pay off the debt in 5.2 years.

Now how long will people be renting your house?

You will still be able to rent out your property even after your debt is paid off.

This means you have an asset consistently working for you even after it pays down your credit and student loans debts.

This is applying Leverage- you have purchased an asset that consistently generates money for you and you didn’t have to spend a lot to do it.

You spent $10K to get out of default, $40K to finance a property. You still have $50K left to invest in another property, stock, business, or seed through crowd-sourcing to your community.

If you would have paid off the $60K right away, you would only have $40K left, and no assets that are making you money. You would be in a financially worse position.

Much better than just paying down ALL your debt outright.

Right now, you’re thinking- “That’s smooth and all, but no one is about to give me $100K”.

Fair enough.

The point is for you to get busy thinking about how you can LEVERAGE the money you do have in order to improve your future financial position.

Here’s what you can do today:

Purchase some stock– From the privacy of your own home, you can put money in the S&P 500 ETF (purchase thru Vanguard or any online trading platform). Interest is around 7%. That means that every 10.2 years, your money will double. So if you only put $1K in today AND NEVER PUT ANY MORE MONEY IN, in 10 years (on average), that $1K will turn into $2K.

However, if you put $1K in EVERY Year for 10 years consecutively, you will have $14,783. At the end of another 10 years, $43,865.18, if you continue for another 10 years, $101,073.05. This keeps on going.

In a total of 30 years, you will have generated $100K.

Keep in mind that only $30K is money you put in directly- $70K is pure earned compounded interest.

Let me put it another way:

At the end of 30 years…

you would have generated more than $100,000…

for less than $2.80 a day…

That’s using rule #1- Financial LEVERAGE in order to create large sums of money with very few dollars. Your money is working like little soldiers for you now.

Now, maybe some of you are saying- “I ain’t got 30 years to wait.”

First, you don’t need 30 years. Imagine if you could put $10K into the market instead of just $1K.

Or…

Imagine if you began crowd-sourcing to raise money directly for your business today.

Or…

Imagine doing both. Having a long-term strategy of disciplined investment in the stock market and a short-term strategy of starting your own business to generate income.

For people who think that Time is STILL a problem…

I’m sorry, but it’s not really about you.

Never invest in the market just for yourself.

If you have children, in 30 years, they may be able to use $100K to fund real estate, businesses, and invest in stocks.

Invest NOW for THEM.

The wealth gap between Blacks and Whites is staggering. This will likely remain the case.

That does not mean that you are powerless to enhance your financial future. If you understand the #1 financial principle- you can take steps to build Generational Wealth today.

We Black folks are good at doing a lot with a little.

Luckily, the rules of money DEMAND that you learn to do a lot with a little…

Sounds like you already got a leg up. 

 

Continue Reading

Using Real Estate CrowdInvesting To Develop Urban Cities

New Homes Under Construction In A New Housing Development

In order to develop cities all over the globe and accommodate more people, we need to put the power in front of regular people and not investors. Many billionaire investors have the resources and manpower to pull off amazing construction projects, but that doesn’t necessarily mean they should own those cities. There is another solution, and CrowdInvesting seems to be the answer here.

Instead of letting the major investors do the job here and invest massive amounts of money in this, a much better idea is to talk with the local communities. There are a lot of people that want to buy back the block they live in and who want to maybe move to a new city. Or there are plenty of smaller investors that do have some money to invest in new residential projects and urban cities, but nowhere near enough to solve the problems that might appear. And this is where CrowdInvesting can help.

By getting funds from people all over that region and maybe even from other places all over the world, CrowdInvesting allows regular investors or newcomers to the industry to get the job done and generate the cash flow needed for larger projects.

The Revolution

CrowdInvesting has managed to get a massive exposure in the past few years mostly thanks to media, and this did generate the money needed to fund various residential projects. But can this real estate investment strategy be suitable for developing new cities? As you can imagine, this can happen, and the resources needed for such a thing aren’t that hard to acquire, to begin with.

Maybe the greatest challenge that comes from CrowdInvesting is actually finding the right contractors that can pull this off. However, millions of small investors can generate large amounts of money, and they can even surpass regular corporate investors as well. It all comes down to finding the very best investment opportunity and asking the community to be a part of it. There will be many challenges to overcome in regards to developing urban cities via CrowdInvesting, but it can be done.

If the real estate world has shown us something, that would be the fact that urban cities can bring in some massive opportunities. It all comes down to the way you harness those opportunities and generate a good cash flow from them.

The Future

Buy the Block is a platform that allows you to perform CrowdInvesting for just about any type of property, be it commercial or residential. Thanks to the community, you get to become an investor and acquire the money you need to finance your own projects in the future. But even better, you get to help the development of new urban cities in record time. Crowdfunding and CrowdInvesting have shown time and time again that, with the right investors, every project can come to life. The real estate industry needs new investors, and CrowdInvesting offers the tools and means to bring plenty of new projects to life. Only time will tell if the results will be surprising or not, but the outcome will certainly be very well worth it. Hopefully, the crowd investment opportunities will increase in popularity and then we will be able to develop major cities without the need of major investors!

Join The Movement!  Buy The Block 

Posted on February 6, 2017 By Staff With 2 comments

These Two Black Entrepreneurs Are Fighting Gentrification — One House at a Time!

Andrew Colom and David Alade, founders of Century Partners

What does a real estate developer in Mississippi and a banker in New York City have in common? On the surface, nothing, but inside, both are gentrification fighters, having a burning desire to revitalize neighborhoods in Detroit, one house at a time.

How they got started

Two friends, Andrew Colom, 33, and David Alade, 29, left their jobs and together started a company called Century Partners. Both partners had previously thought deeply about inequities in the world and came to the conclusion that something needed to be done. While Alade initially was turned off about the idea of investing in Detroit revitalization, Colom visited Detroit and saw potential. He convinced his partner to join him.

Now the two black entrepreneurs are working hard to bring Detroit back. Their company buys abandoned homes in Detroit’s historic district and works with other African Americans in the neighborhood to invest in the rehab.

It’s a win/win situation because neighborhoods are getting revitalized which brings back value, and investors make money from their investment through rent paid after the rehab or by selling their homes back to Century Partners for cash.

More than revitalization

The goal of these two motivated entrepreneurs goes beyond gentrification. They want to see vibrant neighborhoods again with increasing values, but they also desire to create diverse neighborhoods. Building wealth in neighborhoods, one house at a time, is their approach.

Alade said they are “looking forward to seeing how it looks on the other side when home values go up and neighborhoods are vibrant again and abandonment is gone.”

For more details about their company, Century Partners, visit www.centurypartners.org

Source: 

Posted on February 1, 2017 By Staff With 0 comments

Buy The Block Real Estate Crowdinvesting Is Coming To A City Near You

In recent times, financing business through crowdfunding has become very popular in all sectors of our economy. The talk about the term crowdfunding is no longer news; it means the collective efforts of individuals with a common interest to fund a venture organized by another entity, either an organization or an individual. This concept of crowdfunding has been in practice in areas such as relief operations after calamities, political campaigns, and scientific research among many others.

Today, the idea of crowdfunding has found its way into the business of real estate. The concept is all about, a company acquiring the funds they need by bringing in many investors to purchase small amounts of equity. This method of Real-Estate Investing has gained much attention from all and sundry that the Jumpstart Our Business Startups (JOBS) Act. With this regulation, Buy The Block is allowed to solicit funding from unaccredited investors to purchase their stocks in real estate.

The Present

Lately, individuals who are not entirely into business are fast becoming interested in crowd investing in real estate. At Buy The Block, with a little amount of money,  no experience, people can afford to have a share in real properties; such as retail centers, corporate buildings, hotels and more. Buy The Block gives our community the advantage of not facing the hassles that accompany buying an entire property alone. Buy The Block investors share in the profits of the business without having to be part of the management of the estate from the comfort of their home.

The Model

In crowd investing, profit sharing timing varies. This depends on the type of property and the areas of investment. Profit sharing also depends on the policies set by Buy The Block.  Some investments offer short term or quick allocation while other opportunities focus on long-term or ground up development.

The Options

With the ground-up development, the waiting period before an investor can expect their distributions will be twenty-four (24) months at most. On the other hand, the quick allocation system is cash flow intensive; this means investors can get their share of the profit as early as every month.

There are many advantages of Buy The Block crowd investing, low minimum and more transparency to start. Investors can invest in individual properties, various developments and are in charge of their selection of investments. Other advantages include community building, community development while being a part of the change needed to support your city.  Also, the convenience of making these decisions from the comfort of your computer or phone. It understandable why Buy The Block crowd investing in real estate is becoming hugely popular.

For more information or to join the movement go https://buytheblock.com/. 

Find Buy The Block on Facebook (facebook.com/buytheblock/),Website ( http://www.buytheblock.com/), Twitter (twitter.com/buytheblocknow) and YouTube (youtube.com/channel/UCCyowx8NEZsiXAZA6u7HeUg), watch the video (https://youtu.be/K6zLbx0pu94)

 

Posted on January 21, 2017 By Staff With 12 comments

Compton’s First Ever Black-Owned Business Celebrates 60 Years

 

More than 100 local residents recently gathered together to celebrate the 60th anniversary of Naka’s Broiler, a Black-owned restaurant which also happens to be the first ever Black-owned business in Compton, California.

A lot has changed in 60 years

Naka’s Broiler was founded by Katherine Banks and her husband in 1956. Banks was a mother figure for many black students back then, and made sure they had a safe place to eat lunch, after which she ushered them safely back to school. It was a different era, filled with racism in the predominately white community. Even the location of the restaurant on the northwest edge was as far away from whites as they could get.

The restaurant was (and still is) across the street from Centennial School, where many black students came to eat after school. Interestingly, the school itself was also located at the far northwest edge of the city. Stanford history professor, Albert Camarillo, states it was intentional to keep black students away from Compton’s white students.

A good example for the community.

Local residents say that Banks has always been an excellent example for others as a Black entrepreneur and community leader. The celebration of the 60th anniversary of Naka’s Broiler included both teachers and students so that the students could learn about the history of the restaurant and it’s importance to the community.

The restaurant is still going strong, having been recently purchased by another local Black entrepreneur, David Fisher. Fisher says that she taught him well about the business, and that he feels like her adopted son.

Visit the restaurant at 961 W El Segundo Blvd, Compton, CA 90222 or learn more about them online at www.yelp.com/biz/nakas-broiler-compton/

 

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Posted on January 9, 2017 By Staff With 1 comment

Thanksgiving initiative pushes support for black-owned grocery store

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The George Washington Carver Initiative was developed by our leadership team as a local initiative to assist Black Farmers within the state of Florida by encouraging individuals to shop for their Thanksgiving holiday needs at Stile’s Farmers Market located at 5920 W Oakland Park Blvd, Lauderhill, FL 33313. Stile’s Farmers Market is the only Black owned full service grocer in the State of Florida, and receives over 50% of their produce from Black or minority suppliers. The initiative has been well received and has enjoyed national attention from outlets such as The Griot (http://thegrio.com/2016/11/03/black-owned-grocery-store/), Michaelbaisden.com ,(http://michaelbaisden.com/thanksgiving-initiative-pushes-support-black-owned-grocery-store/), and hopefully now, we can receive your support as an NPHC leader. Your work in the community to provide inspiration, hope, and encouragement is greatly respected and appreciated. The importance of this initiative comes at a very critical time in our local and national community. We are requesting your support in encouraging your networks to shop at Stile’s Farmer’s Market for all their Thanksgiving needs this year in an effort to support the ONLY BLACK OWNED SUPERMARKET in the entire State of Florida, and one of the few within the entire nation.

To participate in our local initiative, we set up a Facebook invite page requesting organizations to direct their memberships to sign up for their shopping commitment this Thanksgiving holiday. Interested individuals would visit the Facebook event page at https://www.facebook.com/events/562383407290126/ and select to attend the event. We encourage churches, fraternities, sororities, restaurants, families, and individuals to commit to shopping Black this Thanksgiving!`

Why should you support The George Washington Carver Initiative
– Help to expand and improve the ONLY BLACK OWNED FULL SERVICE GROCERY STORE IN FLORIDA
– Help to improve the Black Food Ecosystem
– Help to eliminate unemployment within the Black Community
– Support Black Farmers

Best,

Starex Smith
The Hungry Black Man
(786) 256-7363 Cell
https://thehungryblackman.com/

Posted on November 18, 2016 By Staff With 0 comments

PROGRAM SHOWS BLACK ENTREPRENEURS HOW TO “BUY THE BLOCK” — MAKING REAL INVESTING EASIER THAN EVER

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Visit buytheblock.org for more information.

Having successfully launched Buy Black Economics (the World’s Largest Digital Info Product Store dedicated to Black Businesses) as well as numerous other ventures, Lynn Da is excited to announce the creation of Buy The Block, an initiative that will allow individuals and groups to pool funds, share knowledge, and vote on properties in which to invest!

As the name suggests, Buy The Block is a web-based platform that is geared towards making investing in real estate easier. It presents an opportunity to invest with other connected investors and provides the added benefit of giving each investor individual ownership in the block.

Buy The Block is currently crowdfunding to take its operations to the next phase, through the development and deployment of a website, mobile app and buying the first block. To join the movement, click here: https://buytheblock.com/

With a good number of black Americans lacking access to viable real estate investment opportunities, Lynn views Buy The Block as the most logical step towards becoming better real estate investors/owners. Once adequately capitalized, the website and mobile app will empower users to start investing, having fun, and building wealth; as a vibrant and interconnected community.

“Buy The Block has been created to help my people invest. Our vision is to change investing from confusing and frustrating, to an accessible and enjoyable social experience,” said Lynn, concept developer for Buy The Block. “We want to create a new generation of connected investors who feel informed, empowered, and confident. The launch of our website and mobile app will certainly take group investing to a whole new level,” Lynn added.

Since 2010, Lynn has created an array of notable projects such as BBNomics.com (a black business crowdfunding site), 2MillionJobs.com (a black business jobs initiative), and Buy Black Economics Investment Group.

Buy The Block is the most recent social marketing concept from of the Cincinnati-based female entrepreneur. With less than a month left to raise $60,000 to $100,000 for the website and mobile app development–Lynn is confident that the community will unite to fully support this effort!

“Ultimately, by making a contribution to this campaign, you are helping Buy The Block reach the goal of creating a platform for our community to acquire and develop real estate” Lynn Da concluded.

For more information or to make a pledge go to https://buytheblock.com/ .

Find Buy The Block on Facebook (facebook.com/buytheblock/), Website ( http://www.buytheblock.com/), Twitter (twitter.com/buytheblocknow) and YouTube (youtube.com/channel/UCCyowx8NEZsiXAZA6u7HeUg), watch the video (https://youtu.be/K6zLbx0pu94)

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PROGRAM SHOWS BLACK ENTREPRENEURS HOW TO “BUY THE BLOCK” — MAKING REAL INVESTING EASIER THAN EVER

Posted on November 4, 2016 By Staff With 63 comments

7 Amazing Black-Owned Businesses in Paris, France

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Paris is the capital and the most populous city of France. It is also one of the most romantic cities to visit. It has the Louvre, the Eiffel Tower, museums, fashion and restaurants. It is also home to these 7 amazing black-owned businesses:

#1 – Black SpoonOwned by Fati Niang, this restaurant is the first food truck in Paris to offer African cuisine. Her dishes includes Yassa chicken with lemon served over steamed rice, and Tiep bou Dienn, a grouper filet served with carrots and cabbage.


#2 – Sakina M’sa: this fashion designer of Comorian origin uses recycled materials in her fashion designs. Her creations of high culture ecosystem fashions and dedication to fight the social and economic exclusion of disadvantaged women earned her a Social Entrepreneurs Award in 2010 by the Kering Foundation.
#3 – Nefer by Daniel Tohou: is a high fashion brand for men that offers elegant Paris fashion with an African heritage influence. Daniel’s designed are inspired by the “Harlem Renaissance” as well as by art and music.

#4 – Myriam Maxo: If its home decor you’re looking for, this shop uses African-inspired fabrics with abstract patterns and wax. The designer, Myriam Maxo (pictured above), offers contemporary designed furniture, decorative items and other odds and ends.

#5 – Présence Africaine: looking for a good book? This African quarterly cultural, political, and literary magazine, founded by Seneglese-born Alioune Diop in 1947, was the first imprint to publish most of the best known Francophone African writers of the 20th century. They are now both a publishing house and a bookstore.

#6 – Afrostreamthis movie streaming service only features African and African-American content. It was founded by Tonjé Bakang Tonjehas who is known as “The Netflix of Africa”.

#7 – Alexis Peskine: this artist is a Parisian resident, a 2004 Fulbright Scholar who holds a B.F.A. from Howard University an M.A. and M.F.A. from the Maryland Institute College of Art (MICA). His work focuses on race and identity issues in France.

Posted on September 18, 2016 By Staff With 0 comments

8-Year Old Starts His Own Bakery — Says He Wants To Buy His Mom a House

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Jalen Bailey, an 8-year-old boy from Fresno, California is running his very own home-based bakery called Jalen’s Bakery where he sells everything from cookies to bread to pastries. He says his plan is to buy a house for himself and his mom, Sharhonda Mahan.

 

Bailey and his mom live alone in a small rental house, and he feels that as the little man of the house, he has to step up and provide a better place for them to live.

“I just love to bake”

As a natural entrepreneur and although still very young, he actually got started with baking while in pre-school when he used to helped his mom bake goods to give away to others for Christmas.

Their story, which has gone viral on social media, was recently featured in Peoplemagazine, and Baily told them: “I just love to bake. It’s fun! I want to buy a house with a pool and a big back yard and a kitchen, so me and my momma can bake and make memories.”

How he got started

His mom comments, “I used to bake sweet potato pies to get extra money for the holidays, and he was always in the kitchen, asking if he could help.” But she says her son quickly progressed to other ideas. “It got to where he could make his first peanut butter cookies all by himself,” she says. “He said, ‘Mom, I got this. I don’t need any help.'”

Making the first steps

When she realized just how serious he was, she sent him to a business workshop for kid entrepreneurs where he learned everything he needed to know about sales, marketing, and how to reach a target audience. Soon after, he obtain a business license from the city and legally formed his very own company.

Now, Bailey and his mom are taking and delivering orders everyday from local customers, but their goal is to soon be able to ship orders nationally and even internationally.

For more details about Jalen’s Bakery, visit www.jalensbakery.com

To make a donation to help him take his bakery to the next level, make an online donation at www.gofundme.com/2hvsjzas

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Posted on September 5, 2016 By Staff With 0 comments

Top 10 Black Business Expos Across the Country — And Minority Business Expos Too!

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Business expos are conventions or trade shows that provide local small businesses an opportunity to showcase their products and services. For many Black and minority-owned businesses, these events are very critical for them to network and find new customers.

Here are the top 10 Black and minority business expos across the country:

#1 – Southern California Black Business Expo: An advertising information and marketing resource that focuses on helping promote and increase the sales of black businesses to black consumers in southern California.

#2 – Indiana Black Expo Business Conference: founded in 1970 to support the accomplishments and achievements of African Americans throughout the state of Indiana. The highlight of the organization is the annual Indiana Black Expo Business Conference.

#3 – Memphis Black Expo Cultural Festival & Black Business Showcase: established in 1999 to provide an annual 5-day cultural celebration where local and national business owners can gather to showcase their products and services to consumers.

#4 – Madison Black Business Expo: supports black-owned businesses, clubs, organizations, and service providers throughout Madison, Wisconsin, by an annual community event that creates space for networking among black business owners.

#5 – Jackson Black Business Expo: provides a working network between the community and black-owned businesses in the Jackson, Mississippi, metro area.

#6 – Lexington Minority Business Expo: established in 2002 to help build business opportunities for black-owned businesses in the Lexington, Kentucky area.

#7 – Virginia Minority Business Expo: an annual trade show for Richmond, Virginia black-owned businesses that provides a central location for minority-owned businesses to showcase their product, services or innovations.

#8 – Boston Minority Business Expo: provides an annual forum for minority business owners to meet and exchange ideas as well as increase their business by networking with customers and other small businesses in the Boston area.

#9 – WRMSDC Minority Business Expo: the largest and longest running minority business expo in Northern California. The annual expo connects suppliers, buyers, and corporate representatives from across the states of California, Nevada, and beyond.

#10 – Triad Minority Business Expo: services minority-owned businesses across Winston-Salem, North Carolina, and the Southeast Region of the United States.

BONUS:  New York Black Expo@NYCBlackExpo

Black Expo America presents the 2017 New York Black Expo (place TBA) in 2017. Email info@newyorkblackexpo.com for more info. New York City  newyorkblackexpo.com  Joined November 2011

 

SUBMIT LISTING

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Posted on August 11, 2016 By Staff With 0 comments

First Black-Owned Vodka Company in South Africa Launches

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A new vodka will soon be hitting the shelves in South Africa. Distinkt Vodka, created by chemist Sibusiso Sibis, will be South Africa’s first Black-owned vodka brand.

Sibis started the company with four fellow entrepreneurs, and together they own 100% of the company. Their quality vodka is made from rich grain harvested from South African fields. It is touted as being a “product of excellence by South Africans for South Africans.”

A premium product at a fair price

Although the vodka is a premium brand, it is being sold at less than a premium price. Sibis hopes this combination will contribute toward his goal of dominating the South African vodka market with his high-quality brand.

Sibis and partners are from the South African township of Kagiso in Johannesburg’s West Rand, but Sibis is the only one that’s a chemist. As a university graduate-turned-entrepreneur, he is not only proud of their new product but also proud of the fact that their company has created something that will bring money back into the community.

Inspiration for others

Sibisi comments, “My friends and I wanted to create something that would create a legacy for our families and their next generations. We are passionate about Africans doing things for themselves. He calls it “economic emancipation” and explains that if he can do it, other South Africans can do it too!

For more details about Distinkt Vodka, follow the company on Facebook atwww.facebook.com/Distinkt-Vodka-496902690493718/

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Posted on July 26, 2016 By Staff With 0 comments

7 Web Sites and Apps to Help You Find and Support Black-Owned Businesses

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There are so many reasons why it is important to support black-owned businesses. Black-owned businesses represent just 7 percent of all small businesses in the U.S., but they create jobs and contribute to the economic strength of urban communities.

Many more people would like to support black-owned businesses by buying their products and services, but they often lack information on where exactly they are located. So, here are 7 websites and apps that will help you find and support black-owned businesses across the globe:

#1 – iZania.com: a social networking site for Black entrepreneurs, professionals, and consumers. The site includes a business directory, networking forum, online marketplace, blogs and more.

#2 – WhereYouCameFrom.biz: a local business search app with up-to-date information on black-owned businesses in the Atlanta area. The businesses are listed across categories and even ranked according to the number of referral counts received by peers.

#3 – WeBuyBlack.comthe largest online marketplace for black businesses and sellers. Black-owned vendors include clothing and accessories, jewelry, toys and games for children, health and beauty products, products for the home, and more.

#4 – Afroworld.org: is a website of global black businesses and black professionals. Their slogan is “We Help Afroworld Professionals and Consumers Connect.” The site allows consumers to search for African-American professionals and businesses by specialty or place and compare quotes, reviews, and profiles on each Afroworld professional.

#5 – BlackBusinessNetwork.com: Produced by Tag Team Marketing, this site specializes in marketing the products and services of black-owned businesses to black consumers. Business owners from all over the world can sell their products and services through the online store, and consumers can shop for products they know are made from Black-owned companies.

#6 – PurchaseBlack.com: an online marketplace to find quality products from selected Black-owned businesses. They also have a mobile app that allows customers to search black-owned products and services.

#7 – 2MillionJobs.com: an online initiative that encourages people to spend $20 every week with local and/or online Black businesses. Their goal is to create two million jobs for black workers and cut unemployment for blacks by the year 2017.

Take a moment  to add your business to these sites. buyblackeconomics.com 

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Posted on July 19, 2016 By Staff With 0 comments

Black-Owned Cupcake Enterprise Named “Family Business of the Year”

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Every year, Black Enterprise names one family-operated business as “Family Business of the Year.” This year’s prestigious award went to Nashville, Tennessee-based cupcake company, The Cupcake Collection, owned and founded by entrepreneur Mignon Francois.

Sweet success

The Cupcake Collection was started by Francois in her own kitchen in 2007. By 2008, she opened a boutique-style bakery in Nashville, Tennessee’s historic Germantown area. The bakery specializes in home-made cupcakes and wedding cakes. By 2015, Francois’ business reached over $930,000 in revenue, with sales expected to go over $1 million within the next couple of years.

Her cupcake collection includes yummy sweet potato, strawberry, sweet lemonade, pineapple upside down, key lime coconut, red velvet, carrot cake, and many other flavors that will make your mouth water.

Chemistry at work

Francois used the knowledge of chemistry she gained in college to come up with her baking formulas, such as the sweet potato cupcake which is one of the favorites at her bakery. But it was more than just baking knowledge that earned The Cupcake Collection the Family Business of the Year Award.

It was determination, innovation, experience, and expertise. Francois has 6 children, and all her children are involved in the business, including running the register, baking cupcakes, and creating the company’s business plan.

Every year since 1997, Black Enterprise recognizes and awards African American entrepreneurs for successful small business accomplishments. In addition to Family Business of the Year, awards are presented for Franchise Company of the Year, Techpreneur of the Year, and Teenpreneur of the Year.

To learn more about the Cupcake Collection and/or to place an online order, visit www.thecupcakecollection.com or follow them on Facebook at www.facebook.com/cupcakecollection/

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Posted on July 16, 2016 By Staff With 0 comments