Success in entrepreneurship is truly an inside job, but it is not an alone job. Not all the time.
Whether it be for the purposes of accountability; having sounding boards to bounce ideas off of; or taking a moment to laugh and enjoy the camaraderie of fellow soldiers, etc., etc., You have to take time to be an emotional, feeling, experiencing human, being. Not just a human, doing all the time.
January 15, 2021
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January 12, 2021
If Nothing Changes, Nothing Changes. Constructing a New You in 2021 w/ NextOppSocial
Posted by JuJuan Buford @JSBUFORD
Join us this week as we compare notes, explore subject matter, and share important strategies and mindsets that served Next Opportunity Social guests well in 2020, that can help aspiring and established entrepreneurs well in 2021. We'll be covering everything from productivity hacks, to marketing strategies, mistakes (gasp), and various business insights that can applied in real time to help business owners not only survive, but thrive.
Take a moment to view past episodes here or click the pic below.
About NextOppSocial:
NextOppSocial is a weekly show that highlights the achievements of entrepreneurs and small business owners throughout the Detroit Metropolitan; providing an avenue for entrepreneurs to promote their businesses, and providing viewers with an opportunity to learn and draw wisdom from others who are achieving in entrepreneurship. A variety of topics are discussed on a weekly basis for the purposes of providing insights and actionable content to help entrepreneurs and small business owners level up in their respective endeavors.
Never Miss An Episode by Visiting NextOppSocial here > https://www.nextoppsocial.com/ & Click the Subscribe Button
Stay Connected with the Next Opportunity Social Facebook Community here:
https://www.facebook.com/nextoppsocial/
Stay Connected with the Next Opportunity Social LinkedIn Community here:
https://www.linkedin.com/company/nextoppsocial
JOIN US LIVE ON WEDNESDAYS @ 10:00AM EST AT > https://bit.ly/NextOppSoconyoutube
LEARN MORE @ NEXTOPPSOCIAL WEBSITE > https://www.nextoppsocial.com/
#entrepreneurshipisempowerment
_____________________________________
JuJuan Buford is a Detroit native, entrepreneur, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Learn More & Follow him online here:
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January 09, 2021
Wealth & Legacy Building is Skilled Trade. Learn Why Having An Estate Plan (Will, Power of Attorney, Medical Directives, Trust Planning) Important?
Posted by JuJuan Buford @JSBUFORD
Estate Planning 101 Overview. Click the pic to learn.
IF YOU ARE A BUSINESS OWNER OR YOU OWN REAL ESTATE
WHAT CAN HAPPEN IF YOU DON'T HAVE AN ESTATE PLAN?
1. YOUR BUSINESS OR ASSETS COULD END UP IN PROBATE COURT
During probate, the court oversees your will’s administration to ensure your assets (including your business and or real estate holdings) are distributed according to your wishes. However, probate often takes months to complete and can be extremely costly for your heirs—both of which can seriously disrupt your business operations and even lead to your company’s ruin.
In other words, your business and other assets will be held in limbo, and if you need important decisions, transactions, or other important affairs to be handled there is a good chance your affairs won't be executed. Your family or business partners may know how to operate your business and assets, but their hands will be effectively tied. And perhaps worst of all, probate is a public process, leaving your business affairs open to whoever wants to know what’s going on.
All the aforementioned means paying additional expenses to access your assets, and it opens to door for others to try to disinherit your family and business partners. The confusion may also inspire or prompt other family members to cause conflict, further depleting your business or real estate holdings.
2. IF YOU ARE INCAPACITATED OR UNCONSCIOUS, OTHER PEOPLE NOT OF YOUR CHOOSING, CAN DETERMINE HOW YOUR CARED FOR, AND MANAGE YOUR BUSINESS AFFAIRS
Gasp!! There shouldn't need to be much more said here.
The court will appoint a “financial guardian,” sometimes called a conservator, to assume control of your assets. What is the likelihood that they'll operate your business or affairs like you intended? What kind of conflicts might arise between family members, your business team, employees, and your clients (yes your clients and tenants will find out that you're missing in action).
When you return, it may be to a pile of rubble. Who is determining compensation, how to handle disagreements, or promotions? Who is going to execute your road map?
3. ABSENT AN ESTATE PLAN, KISS YOUR DREAMS OF GENERATIONAL WEALTH AND LIFTING AS YOU CLIMB GOODBYE
As an entrepreneur, most of your time, monies, and financial well being, and wealth is likely tied up in your business; especially if you're a start up, or first generation business owner. If an estate plan and business succession plan is not implemented, how is the business to be transitioned properly to the next generation, or at the least sold for a fair price that enriches the family.
Questions that need to be answered
1. What family members or children are best equipped to actually manage and own, operate, and build the business. Each one of these elements are skilled trade.
2. How do you make other family members whole (keep them from being disgruntled) who are not included in the ownership, operation, and building of the business?
3. What are the guiding principles or management philosophy regarding the management of your business and or real estate holdings (rent, buy and sell, fix and flip, etc., etc., etc.......)
4. Or maybe, it would be best to set up some type of arrangement whereas an employee, member of the leadership team, or an outsider manages, operates, and builds the business, and the family is compensated for a period of time.
Often physicians, accountants, financial agency owners, attorneys, real estate investors, engineers, construction professionals, accountants, architects, and other service and technical assistance providers choose to operate their businesses under the owner-dependent model, as do many general contractors, local restaurant owners and countless other businesses. Owner-dependent, meaning every or almost every critical decision is made by you, the owner.
When the owner dies, the family is finally thrust into making business decisions (assuming it survives probate court) like continuing liability coverage. Did you have buy-sell agreements, key person obligations, and other financial arrangements to insure a cash infusion is made into the business to acquire the expertise, talent, and experience that no longer exists with the owner's passing? How about estate taxes?
Learn what happens when people die without having accounted for estate taxes.
What's next? The best time to learn, plan, make decisions, and implement estate planning decisions is before you die.
Set an appointment today. Worried about the expense? Don't be.
Learn more about estate planning, and how we help you acquire big business resources for your small business dollars, and protect what matters most today.
#entrepreneurshipisempowerment
_______________________________________
JuJuan Buford is a Detroit native, entrepreneur, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Learn More & Follow him online here:
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January 07, 2021
How to Stop Thinking Small and Turn Your Business Into an Empire | Interview with Godwin Inhentuge
Posted by JuJuan Buford @JSBUFORD
Join us as we talk with Godwin Inhentuge, the founder of Yumvillage about turning one business idea into a legacy and empire. Godwin refers to himself as Chef Villager at the Afro-Caribbean hot spot Yumvillage in the New Center area of Detroit, and is continuously working to create a community through cuisine well-known in his Nigerian community but new to the Detroit neighborhood.
Click the pic below to watch this incredible episode!
About NextOppSocial:
NextOppSocial is a weekly show that highlights the achievements of entrepreneurs and small business owners throughout the Detroit Metropolitan; providing an avenue for entrepreneurs to promote their businesses, and providing viewers with an opportunity to learn and draw wisdom from others who are achieving in entrepreneurship. A variety of topics are discussed on a weekly basis for the purposes of providing insights and actionable content to help entrepreneurs and small business owners level up in their respective endeavors.
Never Miss An Episode by Visiting NextOppSocial here > https://www.nextoppsocial.com/ & Click the Subscribe Button
Stay Connected with the Next Opportunity Social Facebook Community here:
https://www.facebook.com/nextoppsocial/
Stay Connected with the Next Opportunity Social LinkedIn Community here:
https://www.linkedin.com/company/nextoppsocial
JOIN US LIVE ON WEDNESDAYS @ 10:00AM EST AT > https://bit.ly/NextOppSoconyoutube
LEARN MORE @ NEXTOPPSOCIAL WEBSITE > https://www.nextoppsocial.com/
#entrepreneurshipisempowerment
__________________________________________________
JuJuan Buford is a Detroit native, entrepreneur, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Learn More & Follow him online here:
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January 03, 2021
Celebrate the Small Wins - Tune Into NextOppSocial with Human Resources Entrepreneur Ms. Sandy Harvey
Posted by JuJuan Buford @JSBUFORD
We invite you to tune into last week's episode of NextOppSocial with Sandy Harvey, MBA, CDP! Harvey is a skilled strategist with over 25 years of human resources, organizational development, leadership, and diversity and inclusion experience.
Sandy Harvey shared invaluable words of wisdom regarding how to develop endurance, work through F.E.A.R. (False Evidence Appearing Real), and employing emotional intelligence to increase productivity and profits, and achieve organizational goals.
Harvey is the President & Founder of Exodus Consulting Group, a transformational people and process firm. She is a Certified Diversity professional and works with organizations across the country in developing and implementing a diversity, equity, and inclusions strategy.
As a pastoral, and executive coach, she has facilitated leadership and diversity and inclusion (D&I) strategic initiatives for multinational companies. Most importantly, Sandy isn't moonlighting as an entrepreneur, or facilitating academic exercises. She is a results oriented leader, incorporating metrics and analytics, with technology and people.
Grab a pen and notebook, click the image below, and strap in for an incredible interview.
Never Miss An Episode by Visiting NextOppSocial here > https://www.nextoppsocial.com/ & Click the Subscribe Button
Stay Connected with the Next Opportunity Social Facebook Community here:
https://www.facebook.com/nextoppsocial/
Stay Connected with the Next Opportunity Social LinkedIn Community here:
https://www.linkedin.com/company/nextoppsocial
JOIN US LIVE ON WEDNESDAYS @ 10:00AM EST AT > https://bit.ly/NextOppSoconyoutube
LEARN MORE @ NEXTOPPSOCIAL WEBSITE > https://www.nextoppsocial.com/
#entrepreneurshipisempowerment
__________________________________________________
JuJuan Buford is a Detroit native, entrepreneur, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Learn More & Follow him online here:
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December 27, 2020
Trademarks and DBAs: What’s the Difference?
Trademarks and DBAs may seem like the same concept, if you’re fairly new to understanding small business terminology. Trademarks may include business names and other media that distinguishes a startup and its uniqueness to the world while a DBA is an acronym for “doing business as.”
Businesses may register for trademarks and DBAs to protect their marks. However, each form of protection has a different function for your company’s intellectual property. Let’s take a look at what sets trademark and DBA registrations apart and whether or not entrepreneurs receive exclusive rights to both marks.
Trademarks
A trademark protects much more than the name of a business. Additional media that may qualify for trademark registration include phrases and taglines, logos, symbols, and designs unique to the business.
How do you know that your trademark is unique? The easiest way to find out is by conducting a trademark search. One of the simplest ways to start doing this is to search through a trademark database. Consider using The U.S. Patent and Trademark Office’s popular tool called the Trademark Electronic Search System (TESS). This database allows you to see which trademark applications have already been registered or if there are any pending or similar marks. If you notice a pending or registered mark is similar to your own, you’ll cannot register your existing mark. Your impending registration will infringe upon the other mark. Instead, you will need to revise the trademark you wish to register to be a bit more unique or come up with a new idea altogether.
If you discover that there are no pending applications for your trademark, it’s a good idea to start filing for federal trademark registration. File a trademark application with your local Secretary of State or get help from a third party document filing service, like MyCorporation!
The sooner you file to register a trademark,.... (continue reading @ https://gosmallbiz.com/trademarks-and-dbas-whats-the-difference/)
Do you have additional questions, desire consultation, or would like assistance with setting up your own trademark or DBA? Click the following link to set up a free consultation today! > https://calendly.com/jsb_business_solutions
CLICK THE LINK TO SUBCRIBE
#entrepreneurshipisempowerment
__________________________________________________
JuJuan Buford is a Detroit native, entrepreneur, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Learn More & Follow him online here:
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December 18, 2020
What is Your First Aid Kit for Your Business | NextOppSocial Interview with Selina Wells
Posted by JuJuan Buford @JSBUFORD
Why you Need Both Passion and a Plan to be Successful | Live Interview with Selina R. Wells
Can the drive and passion of entrepreneurship and self-employment carry you into success? Not solely on its own!
The NextOppSocial team was honored to chat with Selina R. Wells, an entrepreneur who has done it all and truly understands the concept of pivoting, but is also known expert in business and personal credit development as well as real estate consulting. Selina R. Well’s career passion was centered on the concept of finance, corporate credit and executive management alongside the innate value of building high-performing business operations that created her to have a very diverse business acumen. Mrs. Wells has achieved great success by combining her years of strategic planning, technology research and development, creative streamlining solutions, and understanding the needs of companies.
Learn more about Selina and connect with her: http://selinarwells.biz
About NextOppSocial:
NextOppSocial is a weekly show that highlights the achievements of entrepreneurs and small business owners throughout the Detroit Metropolitan; providing an avenue for entrepreneurs to promote their businesses, and providing viewers with an opportunity to learn and draw wisdom from others who are achieving in entrepreneurship. A variety of topics are discussed on a weekly basis for the purposes of providing insights and actionable content to help entrepreneurs and small business owners level up in their respective endeavors.
Get Episodes Sent To Your Inbox:
Subscribe to Next Opportunity Social Here:
https://www.youtube.com/channel/UC-AJ...
Stay Connected with the Next Opportunity Social Facebook Community here:
https://www.facebook.com/nextoppsocial/
Stay Connected with the Next Opportunity Social LinkedIn Community here:
https://www.linkedin.com/company/nextoppsocial
JOIN US LIVE ON WEDNESDAYS @ 10:00AM EST AT > https://bit.ly/NextOppSoconyoutube
LEARN MORE @ NEXTOPPSOCIAL WEBSITE > https://www.nextoppsocial.com/
#entrepreneurshipisempowerment
__________________________________________________
JuJuan Buford is a Detroit native, entrepreneur, Founder & CEO of JSB Business Solutions Group, business development professional, and writer dedicated to helping families, entrepreneurs, and business owners establish thriving enterprises, achieve financial independence, and build lives of satisfaction.
IS THERE MORE? YES! Join my email group to receive my best stuff!! Continue to Learn & Grow
Follow him online here:
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