OKC Small Biz Deals’ Post

I just finished reading a book called "Winning The Money Game"by Mlamuli Mbuso Mbambo. I found it at the Winners Dinner which was hosted by The Top 16 Youth Owned Brands Awards. It's a really good book for anyone who wants to be better with money. I want to start my own businesses in the future, and this book was really helpful. In the past, I've tried to start a few businesses, but they didn't work out. I think it was because I didn't understand how to handle money properly. This book helped me see where I went wrong. Even though those businesses didn't work, I learned a lot from trying. I started them with hard work and determination, even though I didn't have enough money to start with. The book introduced me to some interesting concepts like Other People's Money (OPM), Other People's Network (OPN), and Other People's Credibility (OPC). These ideas are part of many people's success stories. Sometimes, who you know can help you get opportunities (OPN and OPC). And sometimes, having an investor can help you start a successful business (OPM). I'm excited to use what I learned from this book in my future businesses.

After meeting Firaol Ahmed and sampling my first cup of Moii Coffee yesterday I brewed my first pot today at ThriveCo. As business owners, where we source our goods and services matters. You choice of coffee vendor might seem insignificant but it's anything but to the local owner starting out or scaling up. Take another look at those 'office supply' expenses. Or maybe even your payroll processing, accounting and IT support vendor choices. You're part of a community web, a potentially self-reinforcing network of people who are part of your business success as much as you are part of their's. #entrepreneurship #businessownership #community

Are you thinking of earning money online for free from home? This article is for you. You will get details on how to make money online for free.  https://lnkd.in/gxJngJgz #MakeMoneyOnline #OnlineIncome #FreeMoneyMaking #WorkFromHome #DigitalEntrepreneurship

A Few Things I Have Learnt In Business 1.Avoid Doing Business with Family Members: Avoid doing business with family members especially credit transactions, sometimes family members can delay to make payments and we may not impose any penalty fees and if it happens that they don’t pay the actions that you will take against them are limited. 2.Social Media Can Mislead You. They are some people who post powerful quotes about business and also post videos and pictures portraying that their businesses are successful, but once you get to do business with some of these people, you will realize that they portray a fake image 3. You First Learn Then Earn: When starting a business, you will make a lot of mistakes, on the other hand, those mistakes are meant to teach you and you will learn then earn from them. 4. There’s no Free lunch in Business: When people bring clients/customers to you, give them something as an act of appreciation, if you don’t, one day they will stop! #SonOfAbu!🫱🏼🫲🏾

She can help you in so many ways with getting your financial life in order. Business or Personal 

𝗧𝗮𝘅 𝗧𝗶𝗽 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝙃𝙤𝙬 𝙩𝙖𝙭𝙥𝙖𝙮𝙚𝙧𝙨 𝙘𝙖𝙣 𝙙𝙚𝙘𝙞𝙙𝙚 𝙞𝙛 𝙞𝙩'𝙨 𝙖 𝙝𝙤𝙗𝙗𝙮 𝙤𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 These questions can help taxpayers decide whether they have a hobby or business: >Does the time and effort they put into the activity show they intend to make a profit? >Does the activity make a profit in some years, and if so, how much profit does it make? >Can they expect to make a future profit from the appreciation of the assets used in the activity? >Do they depend on income from the activity for their livelihood? >Are any losses due to circumstances beyond their control or are the losses normal for the startup phase of their type of business? >Do they change their methods of operation to improve profitability? >Do they carry out the activity in a businesslike manner and keep complete and accurate books and records? >Do the taxpayer and their advisors have the knowledge needed to carry out the activity as a successful business?

Did you know: 💡 Rural areas hosted 4.1 million small business establishments. 💡 Small businesses in rural areas employed 7.5 million people. Check out our latest report about small businesses in rural areas: https://ow.ly/Lg3H50SYQPx

The Truth About Business Failure Rates – And How to Defy Them. According to the U.S. Bureau of Labor Statistics (BLS): 🔹 20% of new businesses fail within the first 2 years. 🔹 45% don’t make it past the 5-year mark. 🔹 65% are gone within 10 years. 🔹 Only 25% survive to see 15 years or more. These statistics are daunting, but they don't have to be your reality. If you’re a top-tier entrepreneur feeling the pressure, unsure of how to navigate these turbulent waters, it’s time for a radical transformation. Imagine launching exceptional products, skyrocketing demand, and achieving high returns on your investment. It’s possible with the right strategy and guidance. Join me this weekend at the Entrepreneur Workshop and learn the 7 biggest mistakes that lead to high business failure rates—and how to avoid them. + an exciting bonus you don't want to miss out on! REGISTER HERE: mariojames.com/webclass #BusinessGrowth #EntrepreneurSuccess #BusinessTransformation

Just published a brand-new video where I dive into the top 5 money mistakes and how to avoid them so you can grow and scale your business! #moneymistakes #entrepreneurship #entreneuradvice #onlinebusiness #onlinebusinessowner