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Learn to Delegate Effectively

The Truth About Growth + Why We Should All Be Done with Productivity Culture

May 16, 2021 in Business

 

May marks a few special milestones for LEI. 1) An anniversary, 2) A Birthday, and 3)Mental Health Awareness Month. This time 2 years ago, LEI had ZERO digital infrastructure or presence and due to a number of circumstance, I felt it was necessary to take my business entirely digital (little did I know how purposeful that would be). I researched, hustled, and pivoted until I felt I had a workable product I could release to the world. Launch day was 5 days before lock down.

Since then, LEI hit a major growth spirt. We have struggled to keep up with demand and have expanded, downsized, super-sized, and now we are the perfect size. If tired was company at the end of 2020, it would be us. We recognize that with growth comes consequence, and too often that consequence is one’s wellbeing. We are 12 years old now and have learned a lot of lessons along the way about the gift of breaks, reinvention, and uplifting others. We are challenging ourselves, and also encouraging you, to celebrate the close of Q2, by committing to working even smarter, and setting a healthy pace, with the following:

 

  • Create focus around 1 singular strategy or goal quarterly.
  • Lean on our community more. I’ve learned to get out of my own way and welcome the help of others. There’s no need to always be the hero and let burnout set in. We are your partners. Our network of strategic relationships is large and support is always close by.
  • Create space of unavailability. Don’t have “office hours”? Consider how you might create some. Here are ours.
  • Take your time, but don’t waste your time. This has become our new corporate mantra. We want to be excellent at everything we do, right?! Our promise to you is no rush jobs. We are checking our work more thoroughly than ever and always determining best practices in improving our efficiency while doing so. How can you incorporate this in your management practices?
  • If it doesn’t add value, let it go. LEI has and is continuing to let a lot of things go. Services we offer that don’t work, as well as protocols. Check out our latest policy upgrades here.
  • Never fail to give thanks and honor for what you have. Productivity culture will always lead you to believe “more is more.” Take it from the experts, that is a lie from the pits of hell. You’ll never be satisfied or fulfilled that way, only existing to make the next sale, or hit the next mark. Community and wellbeing has statistically been proven to always be the answer. Taking care of yourself and your team, with the simplest and invaluable things, will always yield you more over time.  We promise.

 

The close of Q2 is a time of celebration  and rest. So do so. Take care of yourself. We will. Our rapid growth over this past year has been both exciting and terrifying, but has taught us how necessary this step is for long-term success. We’re so grateful to be here with you!

black women are consulting about black-owned business

The Future of Black Owned Business

Mar 24, 2021 in Business

Black-owned businesses in the United States have obviously faced many historical obstacles through practices such as redlining and discriminatory lending practices; however, Black-owned businesses play an incredibly pivotal role in the current economy. 

In fact, research from the Brookings Institute noted that investing in Black-owned businesses is key to expanding the overall economy. Although Black people comprise 14% of the nation’s population, Black-owned businesses represent only 2% of businesses. This underrepresentation is preventing the development of millions of jobs and billions in potential revenues.

Addressing these issues means addressing systemic barriers that prevent Black-owned businesses from coming to fruition. An inclusive economic model is essential for the future of the nation’s economy. It also means that it is a necessity to improve funding and support for Black-owned businesses while also promoting programs targeted at encouraging innovation, entrepreneurship, and professional development programs for persons of color. 

meeting help by people who are black-Owned Business owners

Business experts have noted that the internet will be key to growing Black-owned businesses. Specifically, social media can help entrepreneurs better promote their businesses and access a greater customer base. Furthermore, local campaigns to encourage community buying from Black-owned businesses can help increase enthusiasm. Even companies like Google are increasing support as the search giant recently added a feature on its shopping tab that allows consumers to easily find Black-owned businesses. 

However, one of the key aspects for the future of Black-owned businesses will be improving access to funding. In fact, there is an increasing number of grants available for Black-owned businesses, an important trend as members of the Black community are denied loans at a disproportionate rate. Meanwhile, grant funding carries the additional benefit of not creating debt. Here are three programs that Black entrepreneurs can take advantage of. 

Minority Business Development Agency

The MBDA is committed to helping minority business owners throughout the United States through a number of programs including grant funding. In addition to this, local MBDA centers provide free business consulting, procurement matching, and other types of assistance. 

National Minority Supplier Development Council

This organization has a mission of increasing business opportunities for minority-owned businesses. It oversees the Business Consortium Fund, a nonprofit business development program that provides grants and other types of financing. It also provides business advisory services free of charge. 

Small Business Administration 8(a) Business Development Program 

This program aims to assist business owners who fall into either the socially or economically disadvantaged categories. To qualify, a majority of the business must be owned by someone who has faced bias or prejudice due to their race or ethnicity. While the program does not give traditional grants, it assists businesses in obtaining contracts set aside specifically for them and also provides access to advise, training, executive development, and a mentorship program.