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Business, Entrepreneur, Motivation

College?

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Education has never been encouraged in my family. I was not supported emotionally or financially in my education endeavors from grade school to graduating from Law School. Over 600 miles from home, no one bothered to come to my graduation when I graduated from Law School. I was hurt when my parents did not come. I eventually got over it because they have never been there. 

When I was preparing to go to Michigan State University right after high school, I informed my father that I was leaving the next day. He said,

oh, you were serious? 

I will never forget that. It was no encouragement whatsoever. My father has never provided anything for us. He left my mother hanging. We were homeless, hungry, lived in shelters, took buses, and broke. I always had in my mind that I wanted something. When I needed help in Law School again he was not there. I decided from that point that I would not ask him for anything again. Some people just have kids and you are on your own. I called my older brother Jerry once when I needed help while in Law School. I informed him I needed about $100 and that I would pay him back when I received my stipend. He said no. I said,

fuck it.

 I never had support, but that is fine. I do not give up or feel sorry about myself. The only thing I can do it try. 

Business, Entrepreneur, How to write a business plan, Motivation, Opening a Business, Risk

How to Start a Business

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  1. Write a Business Plan
  2. Get Funding for the Business
  3. Depending on the Business, get licensed and registered to operate in the state you plan to operate
  4. Talk to a lawyer about your rights
  5. If you are starting a partnership or corporation, then you may want to create a partnership agreement
  6. Determine the location
  7. Determine the legal structure of the business
  8. Get training and resources

 

Business, Entrepreneur, How to write a business plan, Motivation, Niche, Opening a Business, Risk

I don’t know where to start!

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You start any task just by starting. It doesn’t have to be exactly right and you may get lost along the way. However, getting lost is a lot better than not doing anything at all. This is called trail and error.
A business sounds good to many people. To me, you’re either an entrepreneur or you’re not. No one can force you to be an entrepreneur, you have to want it. Want it more than your fears. Want it more than your current situation.
Becoming an entrepreneur can be a life changing event. You hear it all the time. Someone starting a business and within 6 months to a year they have earned a quarter of a million to a million or more.
So what’s stopping you? Time? Ideas? Money? DONT KNOW WHERE TO START? I say grab life by the horns and take action.
Motivation, Opening a Business

Marketing: How You Tell Your Story

When I hear the term Marketing, I think of how to sell something, how to get the word out about some product or service. Today marketing is highly focused on social media. I cannot log on to any social media today without seeing an ad. So, I guess marketing is getting that product or service in the eyes of consumers and today consumers eyes are glued to instagram and Facebook. Finding your audience.

Here are ten books recommended from Patrick Bet-David for Marketing:

10) The Art of SEO

9) Contagious

8) Made to Stick

7) Traction

6) Trust Me I’m Lying

5) Dotcom Secrets

4) Kotler Keller

3) Tipping Point

2) Positing the Battle for Your Mind

1) Blue Ocean Strategy

Business, Entrepreneur, How to write a business plan, Motivation, Opening a Business

Entrepreneurs Take Action!

Entrepreneurs take action not sit around and contemplate! Zinepack founders, Kim and Brittany business plan was written on a napkin. The napkin read, 1). Make Money and 2) Have Fun. This company was started by two women who barely knew each other. One of the founders either had to beg her old boss for her job back or either start a business with someone she barely knew. She opted to start a business and just went for it. I am the same way. I don’t sit back, wait, and contemplate!

Starting a business may be scary to some people, but it is exciting to me. I will take all the necessary steps for whatever i want to do. I went to law school because I took action. So many people want to do this and that, but never move their behind. Life is too short for all that playing around contemplating. Execute on ideas. I have a lot of ideas. Recently i began to write all my ideas down in notes on my iPhone. One of my ideas was to write Business Plans. I started my business July 2017. I started a website and started advertising. I haven’t had any money come in yet. I have inquiries, but it seems they are not ready. I just like the Zinepack story because it shows that you have to take action.

Timing is important as well according to Kim. Today is a great time to be an entrepreneur. You have all this technology and cheap marketing. Kim says stop making excuses like one more paycheck, make the leap.

 

Business, Entrepreneur, Motivation, Opening a Business

Wealth Mindset 

June 30, 2017

Contributor: Angel Price Jd, BA 

Wealth is a mindset. My mother used to say, stop stinking thinking. According to Webster’s dictionary, mindset is a mental attitude or inclination or a fixed state of mind. It’s the knowing that something will happen before it occurs. There is no proof that what you want will actually happen, but your mind is set, made up that you will have what you want. Think about a time you really wanted something, big or small, and eventually everything came together because you wanted it so bad. This is mindset. You need this same mindset when opening your dream business. You must believe in yourself. You have to know that your business will come to past despite any obstacles.

Motivation

Is the legal profession a competition? 

June 23, 2017
Contributor: Angel Price, JD 

I was discussing becoming a lawyer with someone. The individual stated it’s a competition. I stated that my prices will be within the market and commensurate to what I think I am worth, skills, expertise, experience, and education. I took a class in law school that taught me that the legal profession is a business at the end of the day. This individual has a business. He does more work for less money to gain more clientele, whereas other businesses in his field charge higher prices for the same work. So, he was ultimately telling me that I should charge less money than my white counterparts. As an African-American woman in the legal profession, I will not undercut myself to gain clients. I learned that if your fee is too low then people will think you do not know what you are doing.

He continued to argue that the legal profession business is a competition. I argued in the alternative. He asked me do I know what a competition is. A competition is going against others doing the same thing so that you can win and be number one. I don’t think any business will succeed by attempting to be number one or by going against others in the same kind of work.

I am a giver. I am not selfish. I believe there is enough wealth to go around. I intend to do good quality work, doing what I love, helping others. I do not want to destroy others while practicing law, when I pass the bar. He further explained how two businesses in town are competing and trying to shut each other down by calling the police on each other. That is the craziness thing I heard today. By focusing on negativity and what others are doing and trying to close the shop next door you lose focus on what’s important, your business. That time could be used to see hoe you can generate more revenue in your business. I say these two businesses should work together and could get a lot further.

Dot get me wrong. I am very strong and I will not let people walk over me, but I think we can work together to achieve a goal, even if we are adverse. I do not taste things or business personal. Another lawyer on the other side does not upset me. If an attorney attempt to personally attack his adversary he has no a argument and that is very low.

Bottom line is that many of us do the same thing the next person ids doing. If we provide exceptional service we will be successful. I have no doubt that I will succeed. I have integrity and a good work this. I will attack the right clients and I dot have to compete against what’s already out there. People have a choice on who to see for their car repairs, hair appointments, doctors, dentist, and lawyer. There will be clients for almost anybody who is passionate about their work. Some women pay $200+ for a sewin, all the way up to $2,000 for the same hair and same style. It’s up to the client.

He was also suggesting that I set prices low so that I get a lot of business due to prices. I understand that if you are selling dinner plates. I say no for the legal profession based on what I learned and have been exposed to. If you have so many cases how can you diligently and effectively handle your client’s case. Sometimes it is difficult to discuss the legal profession with people who are not in this business. They do not get it. This is not like another business. Law is a service and a business. It takes time, research, long hours. A lot goes on behind the scenes.

Attorneys can set their own prices within the ABA standards of reasonable fees. Attorneys have some flexibility when there is a indigent client or a personal injury case. However, there is no reason to dramatically reduce your hourly fees or retainer because “it’s a competition” and you have to beat out the market. I was told that if you do that then you will be making enemies in the legal field and I do not want to do that.