The Top 3 Reasons I Am Always Inspired by New York City – Part 2

The Top 3 Reasons I Am Always Inspired by New York City – Part 2

This is a continuation of Part 1.

Reason Number 2: It is Where I Soared Above Academic Challenges

From negotiating my own recording contracts as a teenager to reviewing leases for my father’s parking garage business, “lawyering” is something I knew I was destined for. I will share more about my academic challenges later, but suffice it to say, due to an academic label that was placed on me years ago, I went from a student who received mostly A’s to a student who delved into a writing depression that last for more than a decade and caused me to be academically suspended not once, but twice from college all rooted in an overwhelming fear of writing.

I left academia in New York City academically suspended from college, but I returned as a New York attorney. That was no small feat.
 

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If you know anything about me personally, you know that I have overcome a tremendous amount of obstacles in this life. From the music business to academia to entrepreneurship, most of my greatest achievements were ultimately only obtained after first overcoming extreme hurdles before reaching them.

If you know me intimately, what you know for sure is that I am an unrelenting fighter. And when called upon, I can go into complete warrior mode and not retreat until the victory is won. This is by far one of my greatest qualities.
 

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Reason Number 3: The Strength of Its People

My father and I are not the only people who have gained tremendous successes in New York City. There are centuries of unbelievable stories of overcoming that make up the intricate pieces of this magnificent city. From those who ran from horrible atrocities in other parts of the world to those who were birthed here, the dreams and aspirations of millions have been born and bloomed here.

No matter what I may be going through at any given time, when I see the image of New York City and I am in its sphere, I am reenergized anew and even supersized in a way that I would just never be outside of its walls.
 


 

It is that very special feeling I take deep inside of me everywhere I go to remind myself from whence I came, and if I’ve overcome once before, I am surely destined to overcome once again.


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The Top 3 Reasons I Am Always Inspired by New York City – Part 1

The Top 3 Reasons I Am Always Inspired by New York City – Part 1

New York City literally runs through my veins. I was born to be rooted in this city. I’m not sure exactly what it is, as I think a lot of it is intangible, but there is just something about the air, the vibe and the atmosphere that tells me this is home.

From the overwhelming skyscrapers to some of the best places in the world to eat, New York City has everything that you could possibly desire. Many of my life‘s most fondest memories have been created in these streets and no matter where I may be in the world, New York City will always be home to me.

 

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From Harlem where I was born, to midtown which has been my business home for the last 20 years to the financial district, there are memories of my life all over the city.

Reason Number 1: I was birthed there in more ways than one.

Whenever I am entering Manhattan and I have the honor of seeing its full majestic view, I am always overwhelmed by the feelings of inspiration and overcoming that New York City evokes in me. The city itself and its people represent resilience. Millions have flocked to America through the gateway of the city looking and hoping for a better life for themselves and their families.

 

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I think about all of the desires, hopes and dreams that millions of people have when they show up here. And I am literally strengthened by it all. I am encouraged and I am inspired. It is the city where you can make it irregardless of where you come from and your social economic status. And there are an abundance of success stories to reflect this.

I am also encouraged by all of the entrepreneurial dreams that were birthed here. I think about my own family legacy that was started on these streets decades ago. If you saw my feature on Women on the Move, you heard my parents share a part of this story.

This is the city where my father, who could not read at the time, was able to start and build a legacy of business for himself and his family.

This is the city where he was able to go from a person parking cars in parking garages to owning parking garages all over the city and east coast. This is where he would continue his entrepreneur career by owning Chinese restaurants, convenience and retail stores as well as a variety of other businesses.

It would be in those very parking garages, all those years ago, where a little girl would spend her summers, sick days and days off from school as a cashier and get her first lessons in running a business and all of the intricate pieces of what was required to do so.

 

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Entrepreneurship does not occur without great challenges. But what New York City teaches you is when you get knocked down, you just get back up again and go harder and smarter for the next round.

This week marks 10 years that Lehman Brothers collapsed, starting the financial crisis that led into the Great Recession. The scars for many entrepreneurs and ordinary citizens still remain from that time.

I have had my share of challenges as an entrepreneur. There is no way you can be an entrepreneur for over 2 decades and not have your fair serving of them. But resiliency will win the race and that is what I am always reminded of in these New York City streets.

Check out Part 2 of this article on Friday.


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Bloggers Take Over New York Fashion Week

Bloggers Take Over New York Fashion Week

This week is fashion week in New York City. This is where fashion meets the city and top designers come through showing their newest and latest designs to the industry and the public.

I was fortunate enough to be able to attend a fashion week event for influencers. Influencers are those people who have significant followings on social media platforms. Although not traditional celebrities, many of these people have gained tremendous notoriety and have an abundance of influence over their followers and fans. Many of these influencers are now sitting in the front rows of shows by highly sought after designers and are now rivaling retailers in the fashion world.

 

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Photo Credit: Baroque Lifestyle


 

The event I attended featured experts in the world of blogging as well as influencers themselves at all levels. From micro-influencers (under 100K followers) to macro-influencers (100K followers and over), there were people at all levels sharing their experiences and some of their challenges.

If you’ve ever wanted to be a blogger in any field, one of the things you need to know for sure is that you must have consistency.

Just like everything else in life, consistency is required to create anything that lasts. Whether you want to feature the latest fashions or homes and architecture, consistency is key so your readers know they can look to you for regular content and information on the topic.

To build consistency requires a great amount of time and energy creating content. Consistent appealing photographs and writing are among the elements that are required to create a successful blog.

Brands have been putting millions of dollars behind bloggers for years. Bloggers have completely changed the marketing game. Some blogs gross upwards of millions of dollars from the marketing and sales on their platforms.

 

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Photo Credit: fashionweek.com


 

Many retailers are going the route of creating employees that are now influencers. Equinox and Macy’s are among two large brands to start doing so. Because influencers share their world with those on their platforms, these companies have started to use their own staff members to create similar relationships with the public. However, since they are employees, they can be controlled in a way that regular bloggers cannot.

With bloggers becoming such a force, not only in fashion, but in retail across the board, it will be very interesting to see what happens with traditional marketing as the field of blogging continues to explode.


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The Top 5 Ways to Fund Your Business – Part 2

The Top 5 Ways to Fund Your Business – Part 2

This is a continuation of Part 1.

3. Crowdfunding

Crowdfunding can be a great alternative to traditional financing options. Crowdfunding allows you to raise money from the public to fund a cause or dream. Although you don’t have to actually bring these people into your business as traditional investors, they can give you money allowing you to have the capital necessary to fuel your endeavor.

Crowdfunding has grown tremendously in popularity over the last several years from entrepreneurs, as well as individuals, going directly to the public to solicit the capital and support they need to reach their goals.

It has become a wonderful way for people to have another option to source funds. This can work particularly well when there is a compelling story or need connected to a business or cause of which the public can emotionally sink its teeth into. It is not always the best option for ordinary businesses and companies that are just in need of capital to grow, but it has certainly created its own lane in the world of alternative financing which is sure to be around in the years to come.

 

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4. Use Credit Cards

Using credit cards has been a common practice in obtaining capital to fund a business. Traditionally, many entrepreneurs are forced to use them when all other options fail. But when used strategically, credit cards can be a viable option to support the growth of a business.

With a variety of promotional rate options and balance transfer incentives, often times this can be the easiest and fastest way to option funding for an ever growing business.

There have been tons of companies built on the backs of their owner’s personal credit cards as well as business credit cards. When entrepreneurs are in the trenches of growing their businesses by all means necessary is what they apply to see it through.

 

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5. Apply for a Personal Loan

A personal loan is another option to access capital for your business. If you’re unable to get a business loan, you could potentially be a candidate for a personal loan depending on certain factors such as your income, credit history and assets just to name a few.

A personal loan can be obtained from a credit union, financial institution or a private lender. But you want to make sure you are clear about the terms of the loan and the repayment plan before obtaining it.

If you own real estate that has equity, you can potentially take out an equity line that will tap into the available equity in your home. Be mindful that if you take out a home equity loan, unlike a personal loan, your home will be used as collateral for it.

Home equity loans, like credit cards, allow you to access your available funds if or when needed. This can be a tremendous benefit for business owners who will need ongoing access to funds at different points in their growing businesses.

 

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Although the goal of a business owner is to make their business profitable, it is often a process that takes considerable time for most businesses to get there. So, having access to capital along the way can assist you in building and sustaining the ultimate business of your dreams.

There are a variety of options when looking to fund your business. The reality for many is that it will be some combination of the strategies described in this article. Whatever option you choose, it is always important to consult with the appropriate legal and financial expert to make sure you are choosing the best option for you, your business and ultimately your bottom line.

For more information on the Top 7 Steps to Grow Your Business to Multiple Six-Figures and Beyond, Click Here.


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The Top 5 Ways to Fund Your Business – Part 1

The Top 5 Ways to Fund Your Business – Part 1

Starting or growing a business is often desired by many people, but businesses need money to grow. And unfortunately, most businesses don’t have enough revenue to grow themselves so other options have to be used to fund the ultimate dream.

 

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Here are some key ways for you to fund your business when the money you’re making in it just is not enough:

1. Apply for a Business Loan

Although people are often resistant to taking on additional debt, the reality is for many people trying to start or grow a business, taking out a business loan is their best option. This allows them to have the necessary funding needed to market, hire employees, secure a location if necessary or do any of the multitude of things required of an entrepreneur trying to grow and scale.

Unfortunately, this option is not for everyone as business loans can often be quite difficult to option, particularly from financial institutions. This can be due to credit scores, the lack of credit, low revenue and a ton of other issues. For those where this is not an option, one of the other funding methods may be more useful.

 

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2. Take on Investors

Investors can be the perfect option for some businesses to grow. You can find investors by tapping into your family members, friends or those who are professional investors on the hunt for their next good investment opportunity.

There are all sorts of ways to structure investment deals so it is crucial to consult a business attorney before doing so to ensure you are fully protected and the deal is in your best interest.

I recently had a client who negotiated such a deal with an investor before consulting me. As a result, the client gave away a significant interest in their company that was not necessary to close the deal. There were also key components in the deal that should not have been included. Obviously, by the time the deal was brought to me to create the documents, it was too late to change the significant, key terms of the deal as it had already been agreed to by both parties.

I know (thanks to Google and Law & Order) everyone thinks they have the ability to be their own private attorney, but be forewarned, most people I see attempting to do so end up with a deal that was not most favorable to them and their interest.

 

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Check out Part 2 of this article on Friday.

For more information on the Top 7 Steps to Grow Your Business to Multiple Six-Figures and Beyond, Click Here.


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