EP: (208) - The State Of Small Businesses In America (Guest: Jake Tayler Jacobs)

In this episode of the Black Wealth Renaissance Podcast, we sit down with Jake Taylor Jacobs to explore the world of small businesses in America. Jake discusses small businesses' challenges, emphasizing the need for adaptability and a versatile skill set.

We also delve into The Private Small Business Society (PSBS), a business vocational school dedicated to providing certifications to small business owners. PSBS aims to set industry standards for small businesses.

Jake's journey to creating PSBS is marked by resilience, driven by a $4 million loss that could have been devastating for an inexperienced entrepreneur. After recovery, Jake spent two years developing the curriculum for PSBS certifications and Executive fellowship.

This episode equips you with valuable insights into small business certification, accreditation, and the impact of trade schools on minority communities. We also touch on broader economic topics and the significance of resilience in business.

Tune in to prepare for an enhanced entrepreneurial journey and discover the power of small businesses in shaping the nation's economic landscape.

Key Highlights: 

00:36 - Intro 

04:00 - State of small business address 

15:35 - Building A Insurance Business

20:44 - First Hires in new business

28:03 - How to work with merchant accounts  

33:15 - Understanding Chargebacks 

39:30 - Small business certifications 

1:01:31 - Becoming an accredited institute 

1:04:30 - The impact of trade schools on minorities 

1:09:23 - The fundamentals of a small business

1:18:33 - Knowing your role in a business

1:21:39 - Small business's responsibility to their employees

1:32:40 - Fed’s cutting interest rates next year

1:40:20 - Standing on Business

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