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7 Bossed Up Lessons We Learned From Rick Ross (And How They'll Improve Your Hustle)

Being a boss is no easy task, so who better to get tips from than rapper and multi-hyphenate businessman, Rick Ross ? On September 7, Rick Ross answers all of your entrepreneurial questions in his new book, The Perfect Day To Boss Up: A Hustler’s Guide To Building Your Empire . With writer and former XXL Magazine editor Neil Martinez-Belkin on the assist, Rozay discusses how he was forced to pivot his business strategies during the pandemic, the importance of having a solid team, and drops nothing but gems for those who have their own business, are thinking about starting a business, or just need a little motivation to get them going. AfroTech not only got the opportunity to preview the book early, but we also got the chance to speak to the Biggest Boss himself. Check out just a few of the many major keys we walked away with.  

Sep 1, 2021

Creating And Marketing Your Own  Clothing Line in 5 Steps

Starting a clothing brand can be an exciting endeavor. But like with any new business venture, you should never go into it blindly. That’s why we’re here to help guide you through the process and nail down the basics before you get started. Below are the major steps you should take to create your very own clothing brand. HOW TO START A CLOTHING LINE IN 5STEPS 1. CREATE A BRAND IDENTITY In the world of fashion, having a brand identity is important. Because clothing is so personal to us and is the way we define our identity, we choose our brands carefully based on what resonates most with us. So before doing anything else, have a business plan and make sure you know your target market and the style of clothing you’re going to be selling. Creating a brand identity also involves choosing a brand name, logo, and market profile. Come up with a compelling story and weave that into your brand messaging. There are many clothing brands on the market. Figuring out what sets you apart from...

Nov 21, 2020

How To Start An Online Business With Minimal Investment

One of the key aspects of starting an online business is identifying if the business can exclusively work online. There are some businesses that will not require any type of physical infrastructure in order to achieve success, but there are some businesses that will require frequent shipping and distribution. Those are just a few elements you will need to think about while starting an online business. While you may view an online business as more attainable, we will recommend following the same process of owning or starting a traditional business. Generate A Business Idea Do you know how much it will cost you to come up with a business idea that can lead to a multi-million dollar company? It costs $0. An idea is completely free, and it does not matter if you have one idea or if you have a ten ideas, all you will need is a pen and a notebook that will allow you to begin working on your online business idea. How many issues are you facing right now in your life? How many things are...

Nov 14, 2020

Dream of Owning a Business? Here's How to Get Started

Millions of people dream of quitting their full-time job and starting their own business. Not only can entrepreneurship be personally satisfying, but it can also help you build long-lasting wealth for yourself and your family. Unfortunately, most people never make that dream into a reality, as they allow their fears to prevent them from taking the first step. If business ownership is your dream, commit to yourself that you will begin to make your dream reality today. Here’s how to get started. Start with an Idea Begin by answering this basic question: what do I want to sell? Also, determine whether your business idea is viable — whether it stands a reasonable chance of making you money. Answer these questions to help you assess the viability of your idea. How much demand is there for my products/services? What are my production and distribution costs? Will consumers buy my products/services at the prices I set? Will those prices make me money after I cover costs? Do I have — or can...

Nov 12, 2020

Understanding the Money Side of a Limited Liability Company (LLC)

If you’ve clicked on this article chances are you want to start a business or have already done so and want to make it legit by creating a Limited Liability Company (LLC). That’s great news! Kudos to you for going after your dreams. The process of creating an LLC is relatively simple but it’s important to highlight the financial management that follows. Are you ready to budget fixed expenses? In the excitement of creating an LLC, one of the things people overlook is budgeting for the state-mandated annual report. For example, in Florida, if you create an LLC you are required to submit an annual report to keep your LLC in active status. The annual report in Florida is currently $138.75, and prices may vary from state to state. Businesses who fail to budget this annual fixed expense are prone to forget the submission deadline for this crucial report. Failure to submit it puts your LLC at risk of losing your active LLC status, which can result in losing your clients, and you’d be hit...

Oct 16, 2020

Six Tips for New Entrepreneurs

Building a business is exciting, challenging — and scary. But you’ve made it this far — and can take it further as long as you keep at it. There will be challenging days ahead, but you can take your business venture to new heights by following these tips. Be persistent It’s not enough to have a vision. Every day, you must take another step to make that vision a reality. No one is going to do it for you, but as long as you keep moving forward and don’t give up, you’ll get where you want to go. Set realistic goals Anything worth accomplishing will take effort over time. Don’t let your impatience to conquer the world lead you to make impulsive and costly decisions. Instead, establish attainable goals that you can achieve each day, week, and month that take you further and further towards your vision. Build a strong team When hiring, find people whose vision and character match yours. You may find skilled workers more readily than those with character. And while you can bring...

Sep 12, 2020

Make These 5 Money Moves to Help Your Business Survive the Coronavirus Pandemic

We’ve all felt the impact of COVID-19 on our personal lives, both financially and emotionally. But for small business owners, the pandemic packs an extra punch. According to a survey performed by the National Federation of Independent Business , about half of small business owners said they’d be unable to continue operations for more than two months without help. Impacted entrepreneurs are experiencing slower sales, supply chain disruptions and, of course, concerns about employees contracting the illness — and that’s all on top of figuring out how to keep their doors open. Fortunately, there are steps small business owners can take to help their companies come out of this quarantine on the right side of the proverbial dirt. Just as you use masks and hand sanitizer to help you survive the pandemic personally, here are some tools to help your business make it out alive, too. 1. Apply for emergency funding The coronavirus has led to unprecedented economic pressures — which is part of...

Jul 24, 2020

Emotional Intelligence: A Secret Weapon for Entrepreneurial Success

Before you win as an entrepreneur, you have to win the emotional and mental battle in your mind. Your ability to remain positive amid rejection, maintain your composure during a disagreement or adapt your value proposition during a sales pitch — depends on your level of emotional intelligence (EQ). Travis Bradberry, the co-author of Emotional Intelligence 2.0, defines EQ as your ability to recognize and understand emotions in yourself and others, and your ability to use this awareness to manage your behavior and relationships. Are You Prepared to Unlearn? Although EQ may sound like a “touchy-feely nice to have” skill, your level of EQ can make or break the success of your business. It’s just not enough to create a great product, show up for work, and work hard. Managing your emotions, building positive relationships and communicating clearly and confidently determines how far you go in life. So ultimately, you may need to unlearn some habits or childhood beliefs you’ve developed...

Jan 8, 2020

4 Helpful Tips for Massive Freelance Success

Whether you’re new to freelancing or have been at it for a while, you may be wondering what you can do to foster the growth of your business. Perhaps you want to find more clients, or maybe you’re still struggling to find your first client. No matter what issues your freelance business may be having, you can benefit from the following tips. 4 HELPFUL TIPS FOR MASSIVE FREELANCE SUCCESS 1. HAVE A PROFESSIONAL-LOOKING WEBSITE One of the first things you should do before officially launching your business is build a website that showcases your expertise. Your website should show your services as well as a portfolio of your past work. This will help build trust with potential clients. 2. CHOOSE A SPECIALTY Specializing in a particular niche is another way to build authority and show that you’re an expert in your space. So for example, if you’re a freelance writer, you can specialize in writing health and fitness topics for gyms, yoga studios, doctor’s offices, hospitals, etc. This can be...

Nov 15, 2019

4 Steps To Secure Funding From An Investor

Roughly one in four businesses are unable to receive the funding they need.  According to the SBA, business loans and credit cards account for about three-fourths of financing for startups. However, these methods of funding can be difficult to acquire due to business age, revenue criteria, or credit considerations. Some businesses can benefit more by securing funding from an investor. Here’s how. 1. CREATE A PLAN It’s very important to have a plan before presenting your proposal to investors. If you don’t, they won’t take you seriously. So make sure you have a growth plan in place, which will show investors that you have a long-term, detailed plan for development. Also, you’ll need a budget to acquire your first customers. Calculate your reliable revenue and expenses for the year. Investors want to have confidence that you know what you’re going and that you have clear goals about the direction you want your company to go. 2. NETWORK Finding the right investor for your startup is...

Nov 13, 2019

Three Common Business Growth Challenges (And How to Overcome Them)

Congratulations on getting your business up and running. For most people, the dream of owning their own business forever remains just that — a dream. And while you’ve made some money, built a small but growing customer base, and begun to experiment with new offerings, your goals are bigger. You want to increase your margins. You want your brand to be top of mind. And you want to expand your market share until your business is the leader in your industry. It’s a tall order, but you can do it. You’ll face some challenges like raising money to expand, unpredictable cash flow and dealing with competition. But you can deal with these challenges by facing them head-on and following these strategies: Raising money If you’ve already asked your friends and family to invest, and you’re still too small for the likes of Shark Tank, consider a venture capital (VC) or micro-VC fund, like New Media Ventures. These entities specialize in making investments in small businesses with significant...

Nov 12, 2019

Make Money in the New Year With These Network Marketing Opportunities

Networking marketing (also known as multi-level marketing or MLM) provides the opportunity for you to make real money — whether selling products you purchase or recruiting others to sell those products for which you receive residual income. By hitting specific sales and recruitment targets, you become eligible for additional incentives, including cash and other rewards. But not all network marketing opportunities are worth it. Some require hefty upfront expenses for products that aren’t in demand. Others have less generous-than-advertised rewards or lock you into lengthy contracts that can be near-impossible to break. You can’t just rely on their sales reps; you have to do your due diligence on each network marketing opportunity before you sign on the dotted line. Start your search by checking out these three network marketing opportunities. Each benefit from a well-known brand and quality products which you can move with well-crafted sales pitches, a little flair, and a bit of...

Nov 13, 2018