New entrepreneurs tend to think they know
their target market automatically because they think they are the perfect example. If you were the perfect example of your target audience then
your target audience must be business owners. If not here are some tips for
reaching your real target audience.
MacDidIt
From business plans to talent development. This blog highlight some of the keys to the future success of Marcus "MacDidIt" McCreary (The Entertainment Businessman). #1HunitEnt #TyeshaTalks #MarcWayneCo
Thursday, May 29, 2014
Tuesday, May 13, 2014
Fund Your Business
A wise man in the investing world once told me “there’s more
money out there than good ideas.” He was referring to the biggest headache of investors;
they have so much money that their money could make money if placed in the
proper business ideas. Banks only give investors 5% on the money they have
sitting in their accounts. The opportunity to potentially double their money
with entrepreneurs is as good as it gets, but the risk is high.
As an entrepreneur I sure you’re wondering, “Where are these
investors?” There are a lot of different websites for angel investors and other
crowd funding. Each site has its own niche, only certain types of projects
successfully receive funding on each site but most types of projects can be
submitted. For example, technology has the most success on KickStarter.com,
with music coming in a close second. GoFundMe.com is ranked number 1 by
crowdfunding.com because of its large amount of independent traffic. This site
has a lot of different types of projects from medical bill help to book
publishing. There are also websites that focus on certain demographics like
FirstNations.org and oweesta.org who requires you
to be of Indian decent or First Nation for political correctness.
The majority of the small investment sites cater to
microenterprises. Microenterprises are businesses with five or less employees
including the founder. Microenterpriseworks.org is an example of a
microenterprise focused funding resource. This site works directly with the
government to fund small businesses with up to $250,000.
The Community Development Financial Institute has many
partner companies that use their same federal connections to attain funds for
businesses in underserved markets. CDFI even has a program that awards banks
for investing in businesses to encourage the banks to fund businesses. On their
site CDFI.org there is no way to directly apply for funding but you can become
a member of the CDFI coalition, which has its own perks.
There are lots of sources for funding you business ideas;
crowd sourcing, grants, and individual investors. The sky is still the limit
and financial freedom is possible.
Monday, April 7, 2014
Secrets to Business Plans from Investors
I'm currently updating the business plan for The Tyesha Talks Show. My goal is to make sure it is answering the questions most important to investors. This is my third business plan for an entertainment based company. It is difficult finding accurate and up to date information, even when you know people in your industry they can only provide an educated guess based on their personal experiences. The CEO's of private companies like record labels and publishing companies keep their figures between the IRS, their investors, and themselves. Investors know this, so will that get you any slack on providing information from accredited resources?
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Wednesday, March 12, 2014
Avoid These 4 Things, and You'll Fall Flat
The simplest things separate the products with a growing
buzz from products that go nowhere. The buzzworthy product comes first -- one so good it can sell itself -- but a good
businessperson still will not leave it to fate. It takes teamwork, research,
organization, and the ability to make educated decisions quickly.
Teamwork, as explained in an earlier blog post, is
essential to getting and staying on task. The right team will motivate
and inspire creativity. The team is bigger than your inner circle; networking
with others and understanding their experiences helps avoid wasting money on
unnecessary marketing tactics.
Sunday, February 23, 2014
Music Writers: Point, Blank, Period
Sources say Safaree "SB" Samuels writes the majority of Nikki Minaj's raps. |
There are many
different ways to earn a living making music. One route that is rarely explored
in independent hip-hop is that of a writer. When it comes to music in general,
fans know songwriters write most of the songs, not the artists. Songwriting
usually gets a pass in all genres once you’ve reached a certain level of
success. But in hip-hop, once it is exposed a certain level of credit is taken
from the artists. This mentality, plus the fact that just about every hip-hop
songwriter wants to be the artist, makes it a less desirable route for that
industry. But here are some facts that just might change your mind.
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