Announcing the USBC Power 50 Under 40 2023 Class Presented by Walmart: Celebrating the Next Generation of Black Business Leaders
[Washington, DC] September 19, 2023 – The U.S. Black Chambers, Inc. is proud to announce the highly anticipated USBC Power 50 Under 40 2023 Class presented by Walmart, recognizing the exceptional achievements of young Black professionals, innovators, leaders, disruptors, and business visionaries who are making a profound impact on their respective fields.
The "Power 50 Under 40" is an annual initiative designed to shine a spotlight on the emerging cadre of Black leaders who are not only excelling in their specific domains but are also actively shaping their industries. The recognition provides inspiration for others to follow in their footsteps, fostering a sense of empowerment and excellence within the Black community and beyond.
Ron Busby Sr., President & CEO of USBC, expressed his excitement about this year's honorees, saying, "The Power 50 Under 40 represents the very best of our future. These remarkable individuals embody innovation, leadership, and resilience, and they are driving positive change in their communities and industries. We are proud to honor their achievements and look forward to witnessing their continued success."
USBC Power 50 Under 40 honorees for 2023 include:
This event is made possible with the generous support of Walmart, Brownstein Hyatt Farber Schreck and Sysco, who share a commitment to recognizing and celebrating the achievements of young Black leaders. To learn more and register for the award reception visit https://www.usbcpower50under40.com/.
For more information about the event, partnership opportunities, or to request media credentials, please contact Tiffany Murphy at firstname.lastname@example.org.
To 'colaeb' means to collaborate and elevate. The word is pronounced just like 'collab' but the 'ae' spelling signifies the difference. The term "Collaborate and elevate" is a phrase that encourages individuals or entities to work together and strive for improvement, growth, or advancement. It combines the concepts of collaboration and elevation, popularized by the website collaborateandelevate.com
Here are Seven Ways You can I find a reliable Marketing Agency or Platform that Aligns with Your Brand's Values
by Lenny Burkett
We've learned a lot of lessons from building Stopwatch Creative, working with numerous agencies and other creatives around the world on a plethora of campaigns. In building, Collaborate and Elevate, a SaaS company helping businesses grow approaching over 1000 active paying customers, we've been able to partner with numerous companies to understand their customer's pain points.
It's safe to say that finding a reliable marketing company that aligns with your brand's values can be a game-changer. Here are a few steps to help you on your journey:
1️⃣ Define Your Brand: Start by clearly defining your brand's mission, values, and goals. Understand what sets you apart and what you stand for.
2️⃣ Research and Referrals: Conduct thorough research to identify marketing companies that specialize in your industry. Seek referrals from trusted sources, such as fellow entrepreneurs or industry professionals.
3️⃣ Portfolio and Track Record: Review the portfolios and case studies of potential marketing companies. Look for evidence of successful campaigns, results-driven strategies, and a track record of delivering value to clients. View some of the Case Studies under the 'See How We've Helped' section on Stopwatch Creative.
4️⃣ Cultural Fit: Assess the cultural fit between your brand and the marketing company. Do they understand and appreciate your brand's values? Are they aligned with your target audience?
5️⃣ Communication and Collaboration: Engage in open and transparent communication with prospective marketing agencies. Discuss your brand's vision, expectations, and desired outcomes. Evaluate their ability to listen, understand, and collaborate effectively. This is one important feature contributing to Collaborate and Elevate's growth the past year!
6️⃣ Client Testimonials: Reach out to current or past clients of the marketing companies you're considering. Inquire about their experiences, level of satisfaction, and whether the agency truly lived up to their promises.
7️⃣ Contract and Terms: Carefully review the contract, terms, and pricing structure offered by the marketing company. Ensure they align with your budget and long-term goals.
Remember, finding the right marketing company is a crucial investment in your brand's success. Take your time, ask the right questions, and trust google as well as your instincts to find a partner that not only understands your vision but also shares your values.
Good luck! 🚀
Charles D. King Talks Macro Film Studios, Ownership Vs Capitol, Relationship With Tyler Perry + More
by Lenny Burkett
This is a great interview about how Charles runs MACRO, the vision, and the formation of some of these amazing ideas that he is working on!
Charles D. King is Founder & CEO of MACRO, a multi-platform media company representing the voice and perspectives of people of color. Mr. King casts the overall vision, mission and strategic goals for the company’s multiple business verticals, which include a film and television studio, talent and influencer management divisions, a branding and creative agency and an affiliated venture firm.
Launched in 2015, the Company has produced and/or financed thirteen feature films to date, including Judas And The Black Messiah, starring Daniel Kaluuya and LaKeith Stanfield; Just Mercy, starring Michael B. Jordan, Jamie Foxx and Brie Larson; Sorry to Bother You, starring LaKeith Stanfield and Tessa Thompson; Mudbound and Fences, the film adaptation of the Tony-Award winning play by August Wilson which starred Denzel Washington and Viola Davis. MACRO’s projects have earned fifteen Academy Award nominations and three wins for Davis in Fences, Kaluuya in Judas and H. E.R. for Judas as well as numerous other nominations. He secured a co-financing, first look deal with Warner Bros. pictures in 2019. Through its Television Studio, MACRO produced the global hit “Raising Dion,” which debuted on Netflix in 2019 and went on to become the streamer’s #1 Kids and Family show worldwide; as well as 2020’s Latinx dramedy “Gentefied.”
Before launching MACRO, Charles formerly was Partner/Agent in the motion picture department at William Morris Endeavor (WME.) He is the first African American to rise from the training program in the BH office film and TV group to Partner in that company’s 100+ year history, and the first African American partner of any major talent agency. An active angel investor and dedicated philanthropist, he is a member of AMPAS and sits on several non-profit boards, including Paley Media, the Sundance Institute, and College Track.
Watch The Breakfast Club interview below:
by Team Stopwatch Creative
Introducing Stopwatch Creative: Your Partner in Elevating Brand Awareness and Driving Profitability!
At Stopwatch Creative, we specialize in helping businesses like yours reach new heights by maximizing brand awareness and driving profitability. As a forward-thinking marketing agency, we are dedicated to providing customized solutions that empower your brand to stand out in today's competitive landscape.
Our team of skilled professionals understands the critical role that brand awareness plays in attracting and retaining customers. We employ a strategic and comprehensive approach to craft tailored campaigns that captivate your target audience. Through a combination of cutting-edge digital strategies, creative content development, and impactful traditional advertising methods, we ensure that your brand is seen and remembered by the right people.
But we don't stop at just raising awareness. At Stopwatch Creative, we believe that true success lies in delivering measurable results. We analyze data, track conversions, and optimize your marketing funnels to ensure that your increased visibility translates into increased profitability. By identifying the most effective channels and refining your customer journey, we help you attract qualified leads and drive sustainable growth for your business.
When you partner with Stopwatch Creative, you gain a dedicated ally invested in your success. We take the time to understand your unique brand, industry, and target market, allowing us to develop strategies that resonate with your audience. Our collaborative and transparent approach keeps you informed every step of the way, with regular reports and updates on campaign performance.
Ready to take your brand to new heights? Contact Stopwatch Creative today and let us help you elevate brand awareness, drive profitability, and unlock the full potential of your business. Together, we'll make your brand shine brighter than ever before.
Finding love in arranged marriages with Omar Durrani, a TEDx Florida International University special
by Lenny Burkett
With his family’s counsel, modern, business-savvy Omar Durrani embarked on a journey to find his soulmate through the arranged marriage process. Omar Durrani ‘13, MBA ‘16 works as a financial analyst Monday through Friday.
On weekends, he runs his own business, Mister Omar’s Chess Academy in Pembroke Pines. With his family’s counsel, the modern, business-savvy Durrani embarked on a journey to find his soulmate through the arranged marriage process. His story will open your heart and mind to a traditional way of finding love in modern day society.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
by Lenny Burkett
Public interest technology (PIT) is a term used to describe the use of technology to promote the public good and advance social justice. It involves applying technological expertise and resources to address social and civic challenges, such as improving access to healthcare or education, promoting government transparency and accountability, or mitigating the impact of climate change.
PIT is a multidisciplinary field that draws on a range of expertise, including computer science, design, law, policy, and social sciences. It involves collaboration between technologists, policymakers, and community stakeholders to identify and address societal challenges, and to ensure that technology is developed and used in a way that benefits the public.
Examples of PIT initiatives include Collaborate and Elevate, developing tools and platforms to promote civic engagement, advocating for policies that protect privacy and civil liberties, and using data analytics to identify and address systemic inequalities. The goal of PIT is to ensure that technology is used in a way that advances the public interest and helps to create a more just and equitable society.
This pic was taken in the Stanford Article "Public Interest Technology: Bridge to the Future"
"The public interest technology discipline calls on tech companies to embed public interest values not just in isolated initiatives, but at every level of an organization’s operations. In doing so, companies can generate meaningful value both in terms of profits, but more importantly, for communities and customers to rebuild their trust.
By fostering a new vanguard of cross-disciplinary experts to work across sectors and empowering them with the resources they need to succeed, we can bridge the gaps between the public interest and technology to power a more just and inclusive future for all."
How can I get involved?
There are a number of ways to get involved in public interest technology (PIT), depending on your interests and skills. Here are some suggestions:
Louisville-based comedian Lucious Williams talks about his day job at a meat packing plant and the dangers of edibles. Watch his stand up courtesy of Four By Three Productions below:
by Lenny Burkett
Jason Salmon’s comedy has been described as "Like getting the best advice you’ve ever gotten from the dumbest guy you know." So enjoy his charming take on Life, Love, Generation X, getting pedicures, and why Texas & New York City are actually a lot alike. And stay for the twist ending that makes this standup special just a little bit different.
Watch his standup below, shot by Four by Three:
Here are ten common reasons why businesses may struggle or ultimately fail, along with potential solutions for each
10 Reasons Why Businesses Fail
Insufficient Market Demand:
One of the primary reasons businesses fail is a lack of market demand for their products or services. If there isn't enough customer interest or a viable market for what the business offers, it becomes challenging to generate consistent revenue
Conduct thorough market research and feasibility studies before launching a business. Identify and validate a target market with genuine demand for the product or service. Continuously monitor market trends and adapt offerings to align with customer needs.
Poor Financial Management:
Inadequate financial planning, poor cash flow management, excessive debt, or failure to control costs can quickly lead to financial distress. Businesses need sound financial management to sustain operations and weather economic challenges.
Develop a comprehensive financial plan and regularly track and analyze key financial metrics. Implement robust cash flow management practices and seek professional advice when necessary. Maintain a healthy balance between revenue generation and cost control.
Weak leadership can hinder decision-making, strategic planning, and effective execution. Lack of vision, poor communication, and an inability to adapt to changing market conditions can undermine a business's chances of success.
Invest in leadership development and training programs. Foster a culture of open communication, collaboration, and empowerment. Surround yourself with a strong management team and seek mentorship or coaching to enhance leadership skills.
Inadequate Planning and Strategy:
Businesses that lack a clear plan and strategic direction often struggle to navigate challenges and seize opportunities. A well-defined business plan, market analysis, and strategic vision are crucial for long-term success.
Create a well-defined business plan that includes a clear vision, mission, and goals. Conduct regular strategic planning sessions to assess market dynamics, identify opportunities, and formulate actionable strategies. Continuously review and adapt the plan as needed.
Failure to Adapt to Market Changes:
Markets are dynamic, and businesses that fail to adapt to evolving customer needs, emerging technologies, or industry trends can quickly become obsolete. Flexibility and agility are essential to survive and thrive in a competitive landscape.
Stay vigilant and monitor market trends, emerging technologies, and customer preferences. Foster a culture of innovation and agility within the organization. Encourage experimentation and embrace change to proactively adapt and stay ahead of the competition.
Intense competition can make it difficult for businesses to gain market share, differentiate themselves, or maintain profitability. Failure to effectively position and differentiate the business from competitors can lead to struggles or failure.
Conduct a competitive analysis to identify unique value propositions and differentiation points. Develop a strong brand identity and communicate it effectively to target customers. Continuously innovate and improve products or services to maintain a competitive edge.
Inefficient processes, poor supply chain management, or operational bottlenecks can erode profitability and customer satisfaction. Businesses need streamlined operations to deliver products or services efficiently and maintain a competitive edge.
Streamline processes and identify areas for optimization. Invest in automation tools and technology to improve efficiency. Regularly review supply chain management practices and seek ways to reduce costs and enhance productivity.
Inadequate Marketing and Sales:
Businesses that struggle to effectively market their offerings, reach their target audience, or convert leads into customers may face challenges in generating revenue. A lack of marketing strategy or ineffective sales tactics can hinder growth.
Develop a comprehensive marketing strategy that includes targeted campaigns, digital marketing initiatives, and effective sales tactics. Invest in market research to understand customer needs and preferences. Continuously analyze and optimize marketing efforts based on data-driven insights.
Ignoring Customer Feedback:
Failing to listen to customer feedback, ignoring complaints, or not addressing customer needs can harm a business's reputation and customer loyalty. Businesses must prioritize customer satisfaction and continuously improve their products or services based on customer insights.
Prioritize customer satisfaction and actively seek feedback through surveys, reviews, and customer support channels. Implement a robust customer feedback management system and use insights to improve products, services, and overall customer experience.
Lack of Adaptability and Resilience:
Businesses that are unable to adapt to unforeseen circumstances, economic downturns, or disruptive events may struggle to survive. Resilience, flexibility, and the ability to pivot in response to challenges are crucial for long-term sustainability.
Develop contingency plans and risk management strategies to mitigate potential disruptions. Foster a culture of adaptability, encourage innovation, and empower employees to embrace change. Stay informed about industry trends and be proactive in anticipating and responding to challenges.
by Lenny with Stopwatch Creative
A/B testing is a valuable technique that allows marketers to compare different variations of marketing elements and identify which ones perform better in terms of achieving desired outcomes. Here are a few examples of how A/B testing has helped improve marketing strategies that we've learned approaching a decade running Stopwatch Creative:
These examples highlight how A/B testing provides valuable insights into consumer preferences and behavior, enabling marketers to make data-driven decisions. By continually testing and optimizing marketing elements, businesses can refine their strategies, improve customer experiences, and achieve better results. Learn more about Stopwatch Creative on stopwatchcreative.com
How do you track conversions and measure the effectiveness of your marketing strategies? Stopwatch Creative shares five tips
by Team Stopwatch Creative
At Stopwatch Creative, we employ various methods to track conversions and measure the effectiveness of our marketing strategies. Here are some key approaches we utilize:
Overall, our approach to tracking conversions and measuring marketing effectiveness combines the use of technology, data analysis, and ongoing optimization. By continuously monitoring and evaluating campaign performance, we ensure that our strategies align with your business objectives and drive tangible results. Learn more about Stopwatch Creative on stopwatchcreative.com
Filmed at the iconic Comedy Attic in Bloomington, Indiana, Dwight Simmons takes us through being newly married, growing up in two different environments, and learning what you can't say on HGTV. Watch the special shot by Four By Three Productions below:
By Mia Carvalho
Alternative farming practices are needed now, more than ever, to address food insecurity. By 2050, the United Nations expects the world population to surge to nearly 10 billion. However, traditional farming practices won’t be enough to support our growing population, where 70% of current freshwater is dedicated to agriculture. AppHarvest, a Kentucky-native sustainable food company, serves as a solution. “Farms out West, especially in California and Mexico, are being destroyed by droughts and flooding,” says Rohan Munnolimath, a Communications Strategist at AppHarvest. “With catastrophic events making it harder for open-field farmers to predict their growing seasons, we have to find alternative ways to grow more food with fewer resources. This is where AppHarvest comes in.” Founded by Jonathan Webb in 2017, AppHarvest uses innovative technology to sustainably produce fresh crops for not just Kentucky, but the entirety of the U.S.
AppHarvest uses high-tech indoor farms throughout rural Appalachia for sustainable crop production. “With these farms, we’re able to control the environment, enabling us to grow more food,” Rohan describes. “Any water that comes into our facility only leaves as a fruit or vegetable.” These indoor farms use a closed-loop irrigation system, resulting in up to 90% less water use compared to traditional farming. “All of the water we use is rainwater that was captured on our roofs, and sent straight into a retention pond,” says Rohan. With these techniques, AppHarvest is able to produce up to 30 times more produce than traditional farming, allowing healthy crops to reach areas that otherwise may not have access to them.*
AppHarvest also uses technology to ensure that every crop is fresh, using over 300 sensors and AI to collect data from hundreds of thousands of plants to guarantee crops receive the correct amount of nutrients.** This technology allows AppHarvest to produce fresh crops year-round and prevent food waste, combatting the food insecurity U.S. residents face today.
AppHarvest’s first 60-acre farm in the rural town of Morehead, Kentucky opened in 2020, and is the largest greenhouse in the U.S.** Nevertheless, determination to live out AppHarvest’s mission continued. Today, AppHarvest has a four-farm network in Kentucky, covering a total of 165 acres under glass. Besides the Morehead, Kentucky tomato farm, AppHarvest is operating a salad greens farm in Berea, KY, a strawberry and cucumber farm in Somerset, KY, and an additional tomato farm in Richmond, KY. “This was the biggest milestone I’ve witnessed at the company – I don’t think there’s been this kind of expansion in controlled environment agriculture in the U.S. before,” says Rohan. “But we were able to do it, and that’s a testament to how committed we are to improving food security by farming in a more sustainable way.”
Kentucky’s convenient location also helps AppHarvest deliver its crops fast enough to preserve their nutritional value, as 70% of the U.S. population is within a day’s drive for AppHarvest facilities. “With production from out West, produce can be sitting in a delivery truck for up to two weeks before it arrives at a grocery store, let alone your plate,” Rohan explains. “Where we’re located, at times we can harvest a fruit, package it, and send it to grocery stores within 24 hours.” These fast deliveries are important for delivering a healthier product to a wider range of consumers. Not only does Kentucky’s central location allow for swift deliveries, but reduced transportation fuel by up to 80% compared to U.S. Southwest delivered-produce as well.*** While AppHarvest’s location provides fresh produce to all Americans, it also contributes to sustainability through a lower carbon footprint.
The collapse in the coal mining industry brought about great economic distress in rural Kentucky, which played a large factor in the establishment of AppHarvest. “One of the main reasons Jonathan came back to Kentucky was to create good jobs here,” Rohan says. “It was important for Jonathan to tap into Appalachian faith and grit to bring jobs back to this area.” With the new job opportunities brought on by AppHarvest, significant progress has already happened in these rural economies of Kentucky. In fact, the success of AppHarvest has encouraged new companies to come in and follow their lead, further revitalizing these communities. “It’s almost like a ripple effect,” Rohan explains. “In the couple years we’ve been established, other companies have been encouraged to establish themselves in these areas as well and bring more opportunity.”
With AppHarvest being a startup, the communications team takes on many opportunities to further the company. Rohan, for example, manages the company’s social media channels, and photographs AppHarvest’s indoor farms and team members. The communications team is heavily involved with media, working with outlets such as The New York Times, Rolling Stone, and Business Insider in the past. “We’re a small team of three, so we get to wear a lot of different hats,” Rohan explains. “It’s been interesting working with Jonathan as well, going to events with him and supporting him with AppHarvest in general – it’s helpful to have that mentorship.”
As with any startup, one of the biggest challenges is the scrutiny the company faces. In the U.S., the controlled-environmental agriculture industry is an incredibly new space, with lots of trial and error involved. However, this can be even harder to navigate when AppHarvest is constantly under the public eye, through its successes and mistakes. However, Rohan emphasizes the importance of the company’s end goal despite these challenges – “At the end of the day, we have to focus on what’s most important, which is our mission. That’s what we’re committed to doing.”
Currently, the communications team at AppHarvest is focused on storytelling – showing why controlled environment agriculture is needed, now more than ever. “When you look at our social media, for example, what’s intertwined within is our story,” Rohan says. “It’s important for people to understand the need to feed more people as the population continues to increase.” While the company has helped countless individuals within Kentucky, it undoubtedly serves importance for sustainability and feeding people as a whole.
AppHarvest is a trailblazing company that recognizes the need for change in traditional agriculture. Through their state-of-the-art greenhouses that utilize progressive resource use, AI, and Appalachian values, AppHarvest sets new standards for sustainable agriculture. AppHarvest improves food security by using technology to provide fresh produce across the U.S., while reducing the carbon footprint associated with transporting these goods. All the while, the company strives to combat resource depletion through its efficient resource use within its indoor farming facilities. By combating today’s challenges with food security, AppHarvest sets the stage for sustainable food production and a greener future.
AppHarvest. “The CEA Difference — AppHarvest,” May 25, 2022. https://www.appharvest.com/process/
Kang, Liz. “Is the Biggest Greenhouse in the US the Future of Farming?” CNN, October 6, 2021. https://www.cnn.com/2021/10/06/world/appharvest-kentucky-greenhouse-robot-farming-spc-intl-hnk/index.html
AppHarvest. “About Us — AppHarvest,” June 1, 2022. https://www.appharvest.com/about-us/
by Shriya Nevatia
I built this Angel Investment Value Calculator to help you understand the answer:
- If there are between 0-5 additional rounds of dilution after your investment
- If the company exits for $100M-$10B
I showed the different scenarios of dilution with an estimated 20% dilution per follow-on round
And showed you the final expected value of your initial investment.
I even compared it to investing in the S&P 500 for 10 years at a 7% average annual return, as this was one of my big questions when I started out.
Get your view-only copy here and feel free to make a copy to edit with any investments you make: https://lnkd.in/eRuWh8Qq
Be sure to update the "Post-Money valuation" & "Amount you invest today" to match each investment you're considering or have made.
Recently updated to include scenarios for investing via a Syndicate & investing a Venture Fund's capital (instead of your own) as a Scout.
Next up will be a portfolio calculator where you can track a portfolio of investments in a template to figure out portfolio construction.
If you liked this or found it valuable, please comment/share and consider joining The Council Angels community:
P.S. Because it needs to be said -- the most likely outcome is a $0 exit, and $0 return. The purpose of this spreadsheet is to show than *even very small checks* can be high-ROI in the best possible case!! Capped downside, uncapped upside.
#venturecapital #angelinvesting #startups #founders #fundraising
Watch the latest trailer for Dirty Coin, investigating claims against bitcoin and the proof of work industry, directed by Alana Mediavilla-Diaz
Dirty Coin is an independently produced documentary currently in production. (2023)
Follow them on Twitter and connect with Alana on Linkedin for more frequent updates.
Unleashing Limitless Knowledge: Join Innovate New Albany's Expert Office Hours with Manny Larcher, Tech Founder, Investor, and 15 Other Trailblazing Experts!
🌟 Calling all knowledge seekers! 🌟
✨ Join Innovate New Albany for an extraordinary opportunity to tap into the collective wisdom of 16 brilliant minds! ✨
🗓️ Date: Friday, June 2
⏰ Time: 9:00 am - 12:00 pm EST
📍 Location: Virtual
📣 Innovate New Albany is thrilled to announce FREE office hours featuring 16 industry experts in their respective fields ~ Tristan Ruml, Shwetha T. Pai, Tushar Kulkarni, Sandy Murphy, Kaylee Willis, Megan Neff, Roberta Winch, Ryan Steele, Scott Longnecker, Kevin Hammond, Lora Brown - Bookkeeping Simplified By Lora, Johna Charles, Satish Albert, Susan Fortner, APR, and Ed Porter!
Whether one is an aspiring entrepreneur, a seasoned professional, or simply curious about the latest trends, this event is tailor-made for them!
🌱 This event is a vibrant garden of knowledge where participants can plant their questions, ideas, and aspirations and watch them flourish. The panel of experts brings a wealth of experience, expertise, and a genuine passion for sharing their insights.
🔍 Here's a sneak peek of the diverse fields the experts specialize in:
1️⃣ Marketing and Branding
2️⃣ Finance and Investment
3️⃣ Technology and Innovation
4️⃣ Legal and Intellectual Property
5️⃣ Human Resources and Leadership
6️⃣ Sales and Business Development
...and many more!
🙌 This unique opportunity allows individuals to connect one-on-one with these experts during dedicated office hours. They can expect personalized guidance, industry tips, and the chance to gain invaluable perspectives from those who have already walked the path they're embarking on.
💡 Whether attendees have burning questions, seek mentorship, or seek a fresh perspective, this event caters to their needs. The experts are here to help them navigate the challenges, seize opportunities, and unlock their full potential.
🌟 Remember, knowledge grows exponentially when shared, and Innovate New Albany believes in fostering a supportive community of lifelong learners. Attendees shouldn't miss out on this chance to connect with like-minded individuals, expand their network, and cultivate meaningful relationships with professionals in their field.
🚀 Participants should mark their calendars, spread the word, and join Innovate New Albany for an unforgettable day of learning, growth, and inspiration. Together, let's ignite innovation and positively impact our respective industries!
🌐 Visit the website https://innovatenewalbany.org/new-event/expert-office-hours-friday-june-2/ for more information and to reserve a spot. Seats are limited, so don't wait too long!
🤝 Let's learn, connect, and empower each other. See everyone at Innovate New Albany's Free Office Hours! 🎉
#InnovateNewAlbany #OfficeHours #KnowledgeExchange #Empowerment #founders #tech #community
About Manny Larcher
He is a first-generation St. Lucian American born in Columbus, Ohio, who studied Business Administration with a concentration in Marketing at Bowling Green State University. Manny serves on the Board of Black Men Talk Tech as well as the Impact & Inclusion Advisory Board of the Columbus Young Professionals.
Discover Compassionate Senior Care in Richmond: Families Find Support and Comfort with Comfort Keepers
by Lenny Burkett
In Richmond, Virginia, Comfort Keepers, a leading senior caregiving company, stands ready to provide compassionate and dedicated care for families in need. Recognizing the unique challenges faced by seniors and their loved ones, Comfort Keepers' team is committed to delivering the support required during this important journey.
With a deep sense of empathy, Comfort Keepers' caregivers prioritize the physical, emotional, and social well-being of their clients. Through careful selection and comprehensive training, these dedicated professionals possess the necessary skills, experience, and nurturing qualities to offer exceptional care.
From assistance with daily activities to providing companionship and specialized care, the Comfort Keepers team ensures that each service is tailored to meet the unique needs of every family. Whether it involves personal care, medication management, or simply engaging in meaningful conversations and activities, Comfort Keepers' caregivers are there every step of the way.
Open communication is highly valued at Comfort Keepers, and families are actively involved in the development of personalized care plans for their loved ones. Regular updates on their progress are provided, ensuring that families remain informed and involved throughout the caregiving journey.
At the heart of Comfort Keepers is the belief that family well-being is paramount. They strive to create a safe, comfortable, and nurturing environment that promotes independence, dignity, and overall happiness. By fostering genuine connections and building trust, Comfort Keepers' caregivers become an extended family for their clients.
Families can experience peace of mind knowing that their loved ones are in the caring hands of highly trained professionals from Comfort Keepers. The company is dedicated to providing dependable, reliable, and compassionate senior care in Richmond, Virginia.
For those seeking support and comfort for their family members, reaching out to Comfort Keepers can be a transformative step. By working together, families can enhance their loved ones' quality of life, enabling them to age gracefully and cherish meaningful moments every day. Contact Comfort Keepers today to learn more about the compassionate care they provide and how they can support your family during this important time.
On this episode, Bijan Machen connects with Kyle ✨ Kemper! Kyle is a technologist, cryptocurrency expert, and author and serves as Chief Solutions Officer @ Raze, a SaaS private fundraising platform. Kyle and Bijan discuss life, entrepreneurship, spirituality, an abundance mindset, and more!
By Saundra Latham, Editor at LinkedIn News
It’s official: Twitter has a new CEO. Linda Yaccarino, head of global advertising and partnerships at NBCUniversal, will take over the top job from Elon Musk, who acquired Twitter in October for $44 billion. Musk confirmed Yaccarino’s hiring Friday, saying she will “focus primarily on business operations, while I focus on product design and new technology.” Musk said Thursday that he will transition to new roles as executive chair and chief technology officer.
"I’m happy to share that I’m starting a new position as Chief Executive Officer at Twitter. I’ve long been inspired by Elon Musk's vision to create a brighter future. Now, I’m excited to help bring that vision to Twitter and transform the business together. Everyone's feedback is VITAL to Twitter's future. And I’m here for all of it. Let’s please keep the conversation going and build Twitter 2.0 together!" Linda mentioned on Linkedin.
10 Proven Marketing Strategies to Boost Your Business and Drive Results - lessons learned from Stopwatch Creative
by Lenny Burkett
Marketing is essential for small businesses and startups because it helps them reach their target audience, build brand awareness, and establish a strong online presence. Small businesses often operate on tight budgets and limited resources, making it crucial to make every marketing effort count. Effective marketing helps these businesses connect with potential customers and generate leads, which can lead to increased sales and revenue. In today's digital age, having a strong online presence is also critical for small businesses and startups to remain competitive and relevant. By investing in marketing efforts, small businesses can establish themselves as a credible and trustworthy brand, which can help attract and retain customers over the long term.
Are you looking to take your business to the next level? Learn more about Stopwatch Creative, a full service marketing agency and business growth software platform Collaborate and Elevate.
Work with the best marketers in the USA and the best business community on CollaborateandElevate.com
by Lenny Burkett
As collaborateandelevate.com, a software platform we launched when the pandemic began to help keep businesses open, is approaching 1000 customers across various industries in the USA, we understand the importance of marketing support and customer service for businesses of all sizes. Whether you are an entrepreneur, small business owner, startup, or large enterprise, your success hinges on your ability to reach your target audience and deliver exceptional customer experiences.
At CollaborateandElevate.com, we have had numerous experiences with marketing support in person and online. We understand in-person marketing experiences are essential for establishing solid relationships with potential clients and partners. We have attended industry events, tradeshows, and conferences to connect with new businesses and showcase our software platform to potential clients. These events have provided valuable opportunities to network and gain insight into our target market. However, we understand that in-person marketing is only sometimes feasible or cost-effective, especially for smaller businesses.
CollaborateandElevate.com offers online marketing support through email campaigns, SEO, and social media via our subscription plans, starting at $4.95/month. Our software and team of experts help in numerous ways, from developing a comprehensive business strategy that targets your ideal customers and drives conversions or connecting with the proper growth partner or investor. We also understand the importance of email campaigns in keeping our customers engaged and informed about our products and success stories. Our team can also help our members develop and execute effective email campaigns that deliver value to their businesses, ultimately driving sales.
Thank you for your time! As collaborateandelevate.com approaches 1000 members, we have learned so much and understand the importance of affordable marketing and business development software tools to support and enable customer service for businesses of all sizes. Whether you need online marketing assistance or a community of mentors in your back pocket, collaborateandelevate.com is here to help you reach your goals and deliver an exceptional experience!
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by Manny Larcher
Purchase order financing can be a great way for product owners to secure the necessary funding to fulfill large orders. Here are ten tips to help product owners navigate the process of purchase order financing:
by Alex Wang
I love these equations.
This has been a beacon in my life for a very long time, especially when long-term goals can look daunting.
Just focusing on short-term steps and consistency can make me feel happier and more productive.
The impact of making small consistent efforts throughout the year is presented well by math.
Credit: James Clear (Atomic Habits)
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by Rich Falk-Wallace
But you better know the math cold.
Like & comment if you want the new excel.
First, the update:
2 new divisions to illustrate an essential point.
#1 Low margin decliner at 40% of start revenue
#2 High margin "viral" growth product at 10% of start revenue
Start & end revenue set to be identical to the last file.
But the valuation almost doubles.
*1) Unit economics*
Builds unit economics to company financials.
Quantity per unit, growth.
Unit price, cost; unit marketing spend.
Drive return on ad spend (ROAS), customer acquisition cost (CAC), LTV/CAC, gross margins (GM).
Model sets up four products:
A high margin, low price power, low growth product
vs. a low GM, better pricing power, better growth, lower unit market cost product
vs. a high margin "viral" growth product
vs. a low margin, declining product
To show the dynamics of each over time.
And their impact on the model and on value.
Units flow to revenue, variable COGS, SG&A.
Into EBITDA, EBIT, EBT, Net income & EPS.
Simple cash flow statements & balance sheets reconcile D&A to inflation-adjusted replacement CapEx, debt, & GAAP PP&E.
You need accounting fluency to look at equities.
Not because accounting matters.
But because it can obscure what matters.
*3) Operating ratios*
Units output financials, which drive ratios.
Rev & EBITDA growth, margins.
Contribution margins (= change in profit over change in revenue)
Net debt-to-EBITDA, net debt % of EV
You can drive valuation on multiples or DCF
Which are equivalent:
The discount rate minus growth rate = the 'terminal multiple.'
Using a P/E instead of a DCF just uses next year as the terminal value.
DCF here mapped to multiples.
So why did this valuation double with the same start & exit revenue?
Contribution from the high growth but small starting product.
Leave the exit business with higher margins
And higher terminal growth.
But the long version in the math.
*5) Corporate finance & DCFs*
DCF here using the CAPM
Beta from returns, cost of debt
= WACC: the theoretically right discount rate
DCFs are assumption laden - you get out whatever you want.
Your banker (or analyst) will make the math show a 7-13% discount rate.
Varying with risk, industry, market - and whatever they want to achieve.
*6) The hard part*
This then sensitizes value and multiples to unit and price.
Bringing unit drivers full circle to valuation outcomes.
Ultimately, the math isn't the hard part.
You need fluency in the math, its nuances and its limits.
But once you are, you also have to shift focus.
To the hard part.
Which is filling in the numbers.
If you’re investing, that means thoughtful unit drivers; how, when, and why they shift.
And if you're building, it means making the numbers on the page happen.
That's all for now.