This is Women's History Month and we are celebrating all month long. In 2021 women started almost half of all businesses in America, we are literally driving the economy right now. It is time for us to own our accomplishments as business owners. According to the American Express Open, 2019 study, woman-owned businesses account for $1.7 trillion in revenue, employ approximate 9 million workers, and own over 11 million businesses. However we still have ways to go to level the business playing field approximately 4% of us operate a business making $1 million and only 2% of women-owned businesses receive venture capital funding. Listen to this episode to learn an alternative way to fund your business so you can achieve business success.

Securing funding for a business is challenging for all entrepreneurs, however according to a study from Visa, 66% of women-owned businesses have difficulty obtaining the funding they need. This is difficulty is increased by the fact that 44% of women-businesses are operated in low-growth industries, according to the National Women's Business Council (NWBC) Annual 2020 Report. To overcome the financing hurtle we will need to think creatively and start small, so the funding we do have is used effectively and give us the best chance for business success.

Although we've made great strides in business, studies show that we would rather talk about death than money. So as women, we must commit to changing how we think about money as well as how we manage money. We have all heard the saying "what you focus on will grow" so if we women want our money to grow then we are going to have to start focusing on it and making good money management a habit. We can do this by taking classes, reading books and joining groups focused on financial success. There are many resources available to women business owners, and aspiring business owners, such as the Women's Business Center, NASDAQ Milestone Circles, U.S. Women's Chamber of Commerce, SCORE, SBDC, and your local Economic Development Department. 

Business Networking: Saturday March 4th, 2023 from 9:30AM - 11:00AM   (Eastern) Black Women Empowering Finances is hosting their monthly networking event. Be sure to join us as Business Credit Expert, Janisha Richardson, the Co-Founder of Right Commercial Lending will present on Traveling with Points. Go to  www.BlackWomenNetwork.org to register for  this event today. Looking forward to seeing you there.

To connect with our host, Tashaya Singleton, send an email to  [email protected] or join the Secrets of Earning Facebook  Group. If you would like our host, Tashaya Singleton, to assist you in  achieving your business, insurance and financial goals send and email to  [email protected] or visit her website www.TJSFinancialSolutions.com 

#NationalWomensHistoryMonth #Women #Business #Success #TashayaSingleton #TheSecretsOfEarningMoneyShow #podcast #WomenInBusiness #businessfunding #JanishaRichardson #BlackWomenEmpoweringFinances

This is Life Insurance Awareness Month and we are closing out "Insure Your Love Month"  talking about Funeral Life Insurance Trusts and Final Expense Life Insurance. Listen to this episode to learn more about these types of Life Insurance and how they could benefit you and your loved ones. Remember Life Insurance is the Ultimate Love Letter you can leave to your loved ones.

Making end-of-life arrangements, in advance, for you or another family member can ease some of the difficult decisions, and financial burdens, for the love ones you leave behind. As many of us know, funerals can be expensive ranging from $2k - $15k so prepaying for some, or all of the expenses, helps relieve some emotional stress and financial pressures. Although Final Expense Life Insurance Policies have become more popular over the last few years, Funeral Insurance Trusts are still not common. 

Funeral Trusts can be revocable or irrevocable and are mostly used during crisis planning when a loved one is in need of long term care. Many middle class families that worked hard to acquire material and financial assets over the course of their lifetime to leave an inheritance for their heirs find out that when they unexpectantly fall ill and need long term care, they must sell off assets and spend-down their savings to qualify for Medicaid coverage if they did not purchase a Long Term Care Insurance Policy. An irrevocable Funeral Trust allows you to set aside money for your end-of-life expenses and is considered an excluded asset when qualifying for Medicaid coverage. Because Medicaid eligibility rules differ from state to state, we recommend speaking with a lawyer and insurance professional to help determine if a Funeral Trust is right for you.

Final Expense Life Insurance, also called Burial Insurance, is another option you can use to pay for end-of-life expenses too. A Final Expense Life Insurance Policy is usually issued as a Whole Life Insurance Policy with a low amount of coverage ranging from $5k - $50k, so you can have coverage for your entire life. Your loved ones can use the money, from your Final Expense Life Insurance Policy, to pay for funeral expenses or other final expenses, such as medical or legal, that need to be settled after your death. 

To connect with our host, Tashaya Singleton, send an email to [email protected] or join the Secrets of Earning Facebook  Group. If you would like our host, Tashaya Singleton, to assist you in achieving your business, insurance and financial goals send and email to [email protected] or visit her website www.TJSFinancialSolutions.com 

#InsureYourLove #LifeInsurance #LifeInsuranceAwarenessMonth #TashayaSingleton #TheSecretsOfEarningMoneyShow #podcast #Family #Insurance #Business

February is Black History Month and we are celebrating with Black Women Empowering Finances. We are joined by our special guests Janisha Richardson and RaShida Roberts two of the five members of Black Women Empowering Finances (BWEF). Janisha Richardson is the Co-Founder of Right Commercial Lending, has over two decades of entrepreneurial experience and is passionate about working with underserved populations in the small business arena. RaShida Roberts is a Personal Finances Coach, founder of One Spark University and author of the book "Find Your Spark: Ditch Stress and Ignite Your Financial Lifestyle. Listen to this episode to get tips to start you on your journey to being confident in business, travel and personal finances. 

Confidence is the key to getting things done in life and business. When you are confident you take action to move you towards your desired goals and dreams. Confidence is an inside job, then it radiates outside. It is your presence and the grace that you exude when you walk into a room or stand at the podium to speak. Confidence is something that can be developed over time with training and small quick wins. 

Black Women Empowering Finances is hosting their Annual Black History Month Roundtable Event - Ready. Set. Confidence! this Saturday February 18th, 2023 from 10:00AM - 12:00PM (EST). The topics will be Confidence in Travel with Janisha Richardson, Confidence in Personal Finance by RaShida Roberts, Confidence in Profitability with Joyce Chesley Hayward, Confidence in Cash Flow by Dee Bowden and Confidence in Insurance with Tashaya Singleton. There will also be networking so be sure to register today at www.ReadySetConfidence.org Looking forward to seeing you there!

#BlackHistoryMonth #BlackWomen #Black #Podcast #Confidence #SecretsOfEarningMoneyShow #TashayaSingleton #RaShidaRoberts #OneSparkUniversity #JanishaRichardson #RightCommercialLending

February is known as the Month of Love, and we're celebrating Self-Love. With Valentine's Day around the corner most people and businesses are focusing on the love between couples. However it is difficult to have and maintain a relationship, personal or business, without first possessing Self-Love. Listen to this episode as we talk about Self-Love and Self-Confidence so you can improve your most important relationship - the one you have with yourself - as well as cultivate and maintain relationships in every area of your life.

Some people mistake selfishness and self-centeredness for Self-Love and Self-Confidence. Selfishness and self-centeredness come from a place of lack and low self-esteem. It is primarily about you using people to get what you want regardless of the harm you do to them in the process. While Self-Love and Self-Confidence come from a place of abundance and high self-esteem. You make decisions that are in your best interest and take into consideration how it impacts others. Self-Love builds self-confidence, through self acceptance and self compassion, allowing you to overcome obstacles in both business and life as well developing mutually respectful relationships.

Love is both a word, a noun, and an action, a verb. So take some time during the Month of Love to increase your Self-Love and Self-Confidence by showing yourself some TLC (tender, love and care), attending courses, reading books and implementing what you learn. 

Books Mentioned: The Power of Positive Thinking by Norman Vincent Peale; Psycho-Cybernetics by Dr. Maxwell Maltz

To connect with our host, Tashaya Singleton, send an email to [email protected] or join the Secrets of Earning Facebook  Group. If you would like our host, Tashaya Singleton, to assist you in achieving your business, insurance and financial goals send and email to [email protected] or visit her website www.TJSFinancialSolutions.com 

#selflove #selfconfidence #confidence #TashayaSingleton #TheSecretsOfEarningMoneyShow #podcast #Family #Insurance #Business

February is Insure Your Love Month, also known as Life Insurance Awareness Month. Everyone knows about Life Insurance, however almost 50% of people still do not own a policy, and 26 million need more coverage than they have regardless of the income level. Listen to this episode as we talk about Life Insurance and why it is important to protect both your family and your business. 

The top reasons people do not purchase life insurance is price, other priorities and not knowing what type of coverage to buy. There are many different types of Life Insurance policies and there are advantages and disadvantages to each of them. There are two main types of Life Insurance, which are Term and Whole Life Insurance. Term Life Insurance has a low premium, which makes the policy more affordable, however it only lasts for a specific period of time ,such as 10 years, then you will have to purchase another policy. Whole Life Insurance has a higher premium but it does accumulate cash, so it is considered an asset, and will provide coverage until you reach age 121.

Take time to think about your family's needs, do some research on Life Insurance and talk with an insurance professional today. Remember that Life Insurance helps protect your loved ones financial future if something happens to you, and it will be remembered by them as your ultimate love letter. 

To connect with our host, Tashaya Singleton, send an email to [email protected] or join the Secrets of Earning Facebook  Group. If you would like our host, Tashaya Singleton, to assist you in achieving your business, insurance and financial goals send and email to [email protected] or visit her website www.TJSFinancialSolutions.com 

#InsureYourLove #LifeInsurance #LifeInsuranceAwarenessMonth #TashayaSingleton #TheSecretsOfEarningMoneyShow #podcast #Family #Insurance #Business

This is Financial Wellness Month and we are closing out our series on Financial Wellness for Small Businesses. We have given lots of information on things to do to help your business become financially well, but we have yet to talk about generating income. Listen to this episode as we talk about increasing your business income which is essential to your business being financially well.

Many of us went into business for ourselves because we had a passion for what we do, wanted time freedom and better pay. However we cannot stay in business if we do not generate income. Making money is just as important as the reason we started our business in the first place. 

Striving to provide excellent customer service and make sales is important, but knowing your numbers as a business owner is even more important. Some business owners believe that just because their business generates a large amount in sales that their business "Financially Well". With approximately 80% of small business owners handle their business' accounting, according to the 2022 State of Financial Literacy Survey, and only 40% percent considering themselves financially literate, according to a Intuit survey, we may find their business is braking even or losing money when we dig deeper into their financial data. 

It is just as important for a small business to minimize expenses, collect accounts receivables, manage cash flow and investments as it is to provide top notch customers service and make sales. A business owner can make time to learn these skills or hire financial professionals to help them secure the economic future of their business, and assist in their business becoming financially well. 

For help to make sure you are starting a Financially Well Business contact your local Economic Development Center, SBA, SBDC, SCORE or the Small Business Supplier Diversity department for your state.

#FinancialWellnessForSmallBusiness #podcast #business #smallbusiness #startups #smallbusinessowners

This is Financial Wellness Month and we are celebrating "Financial Wellness for the Small Business". We will talk about Identity Theft and Cyber breaches when you are a Small Business Owner or Entrepreneur. Listen to this episode to hear tips to help keep your business safe online and offline.

With 47% of Americans experiencing Financial Identity Theft in 2020, according to the Aite-Novarica Group, and a 68% increase in the number of data compromises in 2021, according to the Identity Theft Research Center (ITRC) it is no wonder it seems like we hear about this on a regular basis. These days it is difficult, if not impossible, to run a business without being online. A business uses email, sometimes multiple times a day. And has a website which collects data, by allowing customers to make purchases or schedule an appointment online. As technology improves, businesses will increase their reliance on the internet in order to reduce costs and keep up with customer demand. 

For these reasons it is important for both individuals and business owners to take precautions to  protect themselves, their business and customers from Identity Theft and Cyber breaches. Credit card and business or personal loan fraud were in the "Top 5" types of Identity Theft in 2021, according to the FTC Consumer Sentinel Network. Visit FTC.gov for free resources to assist you in protecting your business or securing your operations if you have already had a breach and are not sure where to start. Also contact your insurance agent today to make sure you have the coverage  you need to protect your business. 

#FinancialWellnessForStartups #podcast #business #smallbusiness #startups #smallbusinessowners

This is Financial Wellness Month, and during this month we primarily focus on Financial Wellness for the Small Business Owner. However, we will be talking about Financial Wellness for the Small Business Owner and Entrepreneur. Listen to this episode to hear tips on how to start your business off on the right, so your business is Financially Well from the beginning.

Many of the large businesses we have today were started at someone's kitchen table. Over time these businesses grew in to the multimillion dollar conglomerates. Making sure you start your business in a position that allows it to be financially well, will give you the best opportunity for success. Taking the time to research the laws and regulations that are pertinent to the business you start is a must. 

If you start your business without at least the basic knowledge of these laws and regulations you could be subject to fines or penalties, as well as receive a cease and desist notice which will shut your business down completely. For help to make sure you are starting a Financially Well Business contact your local Economic Development Center, SBA, SBDC, SCORE or the Small Business Supplier Diversity department for your state.

#FinancialWellnessForStartups #podcast #business #smallbusiness #startups #smallbusinessowners 

We all want to be as productive as possible so our business ventures can be successful. However, distractions always seem to arise and sometimes take us completely off track. Since distractions are a part of life and business there is no way around them. But we still need to be produce to maintain our business and achieve our goals. Listen to this episode as we talk about tips to for handling distractions and still being productive.

As business owners and entrepreneurs many of us define productivity as getting things done and achieving our goals. Many of us create a list to keep track of all the activities we need to perform. In order for us to feel that we are productive we must complete all, or the majority, of the tasks on our list. When we are unable to complete all, or some, of the listed activities many of us often feel that we have not been productive regardless of how many tasks were on our list. 

What we may want to consider is that there are only so many hours in day, and we may be underestimating how much time it actually takes to complete each task, especially if we are a one person show. In this case, our lack of productivity is not because of a lack of effort but in fact a result of improper scheduling and not having a team. If this is the case for you, as it is with many entrepreneurs and small business owners, then learning to schedule more efficiently as well as bringing on additional team members may be the solution to you satisfying your productivity goals.

Business Networking: Saturday January 7th, 2023 from 9:30AM - 11:00AM   (Eastern) Black Women Empowering Finances is hosting it's first   networking event of the year. Be sure to join us as Profitability  Expert Joyce Chesley Hayward, founder of Fusion 4 Business, will be  speaking on making your  business profitable. Go to  www.BlackWomenNetwork.org to register for  this event today.

To connect with our host, Tashaya Singleton, send an  email to [email protected] or join the Secrets of Earning  Facebook Group. If you would like our host, Tashaya Singleton, to assist   you in achieving your business, insurance and financial goals  then   send  an email to [email protected] or visit her website  www.TJSFinancialSolutions.com

#podcast #business #entrepreneur #TashayaSingleton #TheSecretsOfEarningMoneyShow #productivity

This is the last week of the year and, as we close out this year, many of us have reflected on the past year and are getting ready to prepare for the New Year. Listen to this episode as we talk about tips to make next year your best year yet.

Hopefully you have already reflected on the past year, decided on the changes you need to make,  and started on making your plans for next year. As you do your planning be sure to include a "Plan B" for the obstacles that always seem to come up. Some of us repeat the same year over and over again, because we don't plan for the unexpected, though inevitable, obstacles life will most assuredly put in our path.  

Taking time to plan ahead as well as create an alternative plan to deal with possible obstacles, before they come up, will give you a better chance at achieving your goals. This will also help you become more adaptable when things come up that you don't have an alternative plan for. And, this one change could help propel you to your next level in the New Year.  

Business Networking: Saturday January 7th, 2023 from 9:30AM - 11:00AM  (Eastern) Black Women Empowering Finances is hosting it's first  networking event of the year. Be sure to join us as Profitability Expert Joyce Chesley Hayward, founder of Fusion 4 Business, will be speaking on making your  business profitable. Go to www.BlackWomenNetwork.org to register for  this event today.

To connect with our host, Tashaya Singleton, send an email to [email protected] or join the Secrets of Earning Facebook Group. If you would like our host, Tashaya Singleton, to assist  you in achieving your business, insurance and financial goals  then  send  an email to [email protected] or visit her website  www.TJSFinancialSolutions.com

#podcast #business #entrepreneur #TashayaSingleton #TheSecretsOfEarningMoneyShow #startingtheyearright