Finance Friday 3.5
Happy Women’s History Month!
Women we have come a long way from the suffrage movement or domestic work being our only means of financial freedom. Yet we are still feeling the gender gap in many areas, especially in the ways we get paid.
Although Bill Burr makes light of the wage gap we can still feel the effects everyday. Not only with our pay but also through the “glass ceiling” that we sometimes feel looming above our heads. Yet we persevere as we women do. But if you have ever been a businesswoman or even a corporate woman, then you will understand that sometimes the hardest part of your job is getting people to invest in you. This can include building a network, finding available funding, and knowing where relevant resources exist.
Before moving on For Us Nation would like to honor some of the few Black Women CEO’s of major companies and organizations, with many more emerging as we speak. We honor you and your success, and thank you for leaving your mark and legacy on society.
Candace Reels, Founder of Female Collective
Oprah Winfrey, Harpo Studios/Own Network/etc
Ursula Burns, Chairman & CEO of Xerox
Dara Richardson Heron, M.D., CEO of YWCA
Robin Rihanna Fenty, Fenty Brand
Beatrice Dixon, Founder of Honey Pot
Beyonce Knowles-Carter, BeyGood Foundation/Ivy Park/Icy Park
Please check out Create Cultivate for a more exhaustive list, and support Black Woman Entrepreneurs!
iFundwomen is one of the many resources available to assist women in precuring funding for they business ventures. Check out past blogs for more resources.
As stated above, funding is most times the most difficult part of starting a business. Then the next hurdle is “How do I manage this funding properly?”, which can be scary with IRS looking over your shoulder. Do you hire an accountant, download accounting software, or try to manage your books yourself?
If you decide to have someone else, such as an accountant, oversee your books then we suggest you still have an understanding of what is going on with your business finances.
Please watch below with Fat Joe speaking of a financial nightmare he experienced with his accountant. Fast Forward to 1:08:00 or click here
Listening to this interview with Fat Joe brought chills down my spine, because he not only had to serve jail time for his negligence, but also had to pay for his mistakes about 3x over. Is it worth it?
Let’s educate ourselves early, so that we can avoid certain mistakes. But know, as is life, you will make financial mistakes, but the key is to know your money as well as, always prepare for a rainy day, and have multiple streams of income.
Please join us tonight around 8:30 est on clubhouse.
Announcements
Looking for Guest
On The Ground Level Podcast is Looking to Interview with amazing, talented, like-minded women in order to honor them for Women’s History Month. Please do not miss the opportunity to speak with us on our platform, and let us highlight you and your talent, business, or ideas.
Also, check out our most recent interview with the hosts of “Dating My Best Friend” podcast
2. Book Club Announcement
For Us Nation has joined the #SmartBrownGirls bookclub. We have been working to create a For Us Nation bookclub, to further assist our community in educating ourselves more about our history, bodies, culture, science, etc. We still plan to have our own Book Club, but have decided to support another group that is doing amazing work in the book club arena.
Not only does the #SmartBrownGirls book club do monthly readings, but they do interviews with authors such as Toni Morrison and Michelle Obama, as well as offer discounts, and provide newsletters. They have two tracks that includes a more basic level and a more academic/advanced level.
Please Join us! We will do Instagram live reviews, and blog about our take on the readings as well!