Melanin Entrepreneurship

07/22/2023

✨✨✨Grant Alert $10,000 ✨✨✨

I am confirming the post Eliza Diop (Ellie Talk Money of Instagram ) post is correct .

Snapchat is giving away. $10,000 grant for black content creators (influencers) info below .

Please tag content creators & share 💕

Be sure to take your time read all the rules, and criterias to receive this reward.

Application below (applications closes on August 12th)

https://523.snap.com/black-creators?fbclid=IwAR1eLkETIcA0oQfzi7o7JEfJxwrMTVtgqoExoO2-RhPyEhVbeRGOpr4D0zI_aem_ASPrRHgsVh2uGCn6LdPpCWXXDjemhovs1VEVp3SkfREjrO0kGsc6ldi6Jdh73slGurc

06/14/2023

Great to have Canva, for flyers, marketing, brochures etc. if you have a non profit organization it’s free … tag a friend with non profit organization that’s can use this 💜

04/22/2023

Perspective

04/09/2023

•First thing first make sure your business is set up correctly see previous post on what’s all needed to set up business properly ( I posted on this topic last year).

• Second understand your naics (North American identification classification system ) depending on your naics code some banks don’t offer loans to certain naics codes such as trucking (there’s a list of naics that banks do and don’t give loans to) I’ll create a list later of the ones I’m aware of.

• Third you have to build business credit (at the minimum you need six month to do that).

•Fourth your business account must have steady monthly income .

Some micro loan may allow you to get loans easier than regular banks for new businesses but there’s always collateral involved that will be specific to what loan is granted for . So make sure you have a plan that bring in income to be able to payback loan.

Most importantly you have to DO the work stop trying to take short cuts. There are no short cuts lol . The work isn’t as hard as it seems once we start follow through with it by making sure everything is done right . 😉

I seen this video and laugh .She’s click baiting customer instead of being transparent

Anyway follow
Melanin Entrepreneurship

03/07/2023

02/20/2023

Just as important for customers to have standards to the business they want to patronize it’s just as important for business owners when accepting clients

Here are some tips .

*You can find out a lot about potential client by how well they follows directions. (Make sure your directions are clear and precise)

* If you have a potential client it is not your job to convince them to patronize your business if they like what they see they will, if not that’s ok too .

(You will find out those type of client that you try to convince to accept your services will have you go against you own policies leaving room for errors on your behalf because you went against what works for your business ) If they want your business you won’t have to convince them to support.

*Clients who try to build as personal relationships while you’re doing business . Make sure you make it VERY clear the difference between business and personal . Be sure to refer them back to website and email when it comes to business transaction. Business is Business 😉

*Clients who try to make you negotiate your prices or who say things to make it sound like what you do is really simple, that’s a way to make you lower your price . (If it’s that simple do it your self ) stay firm on your prices.

(Recommendation : your prices are based on your labor, materials (if it’s a product), cost analysis, and the mark up margin you choose, calculations your target audience and geographic of whom you’re servicing )

Have a fantabulous day ☀️☀️☀️

02/17/2023

After tax season I will speak about the difference between LLC, LLC Partnerships, C Corp and S Corps and how each one works relating to taxes in more details .

For now here’s something you should know .

LLC are filed on personal individual taxes

LLC partnership get filed as a business and on your personal individual taxes .

LLC can be treated as incorporation by filing form 8832

Incorporation are filed as businesses .
(S corp are shared are filed as business and with your personal.)

Their are advantages to each depending on your business.

As a business it’s important to pay yourself on a payroll separate from your business . It can be contract 1099 or W2 . I recommend w2

I will speak on these topics after tax season .

It’s some really Dope business owners/entrepreneurs I’m grateful to have as clients. As your businesses continue to increase. I want to make sure it’s done accurate, efficient, and easy.

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