Budgeting For Unexpected Windfalls.

What are Windfalls?

Windfalls are unexpected money that we get. Some examples are a larger tax refund check than expected, hitting a lottery, money gifts from friends or family, e.t.c. Just as you budget for emergency reasons, you should also budget for windfalls. It is natural to get excited when you happen to have more money in your pocket but it is also very important to be able to contain this excitement and focus on priorities.

Windfall budgeting requires focus on three major priorities which are debt, saving and spending!

To read more on why it is important to focus on these three priorities click here

Ways To Manage Your Money.

Money management is one of the most essential tools in life. It is not only about how much you can save, it is about how much you can invest, and how you can multiply your savings.

In this video, personal finance guru and author Ash Cash offers practical and actionable personal finance tips, which you can get a jump on now. His expertise extents to subject like getting the right life insurance, importance of property investments, e.t.c.

Take a look at the video

As an Entrepreneur, do you have the communication skills you need?

Running a business requires countless numbers of skills to keep it up and running. Communication can either make or break your business; therefore, a good communication skill is vital. In this article, Jill Schiefelbein, professional Speaker and Business Communication expert, emphasizes on the biggest communication mistakes entrepreneur tends to make. As humans, mistakes are bound to happen but it is important to learn from those mistakes so they do not happen again. Schiefelbein employs 14 female founders in this article to discuss steps to strengthen one’s communication skills.

Some of the steps are as follows:

1. Making sure your audience understands  YOU, whether it be investors, employees, etc.

2. In person interactions are much more beneficial than texting, emailing, etc. Communicating via email or text does not always answer an individual’s questions or concerns efficiently.

3.  Communicate in general. Do not always rely on yourself to complete tasks; furthermore, try to think as a group because of the more knowledge you add to the table can bring better success.

For the many more steps to strengthen  your communication skills and some common communication mistakes, click here. 

The making of the VC Cheat Sheet

Even after stumbling over the word “positionality”–uncertain of its validity and existence in Webster’s dictionary–Melissa Jackson and her partner, Anthony Frasier, are certain that they have crafted the cheat code needed for small businesses to properly work with venture capitals. Jackson, a program manager for the black and latino tech initiative at Rutgers’ business school, and Frasier, a starter of tech businesses, met with talk show host Karen Hunter to discuss their steps towards entrepreneurial success. As the conversation begins, Jackson reveals the thesis of their conversation: cracking the code on how to raise money for early stage companies.

Jackson attributes the success of her crafted cheat sheet from simply interviewing VCs. She would listen and record the necessary information each VC would provide. Hunter, surprised by Jackson’s simplistic approach, queried the pair’s knowledge on entrepreneurs of color and their success. Frasier, then, chimed in by referencing Porter Braswell, CEO and Co-founder of Jopwell–a liaison company eager to help create a more diverse workforce. As reassurement, he cited Braswell’s credential in amassing four million dollars through VCs. Frasier concluded Braswell’s success seems foreign to other would-be entrepreneurs and startups due to their unfamiliarity in networking with VCs. Jackson, however, believes that their 10 week pre-accelerator, network and cheat sheet will lead towards success for entrepreneurs and their startups–especially those of color.    

 

For more information, click here

New SPACE For You

We couldn’t be happier to let you all know that we have opened a new SPACE that will show all of the hard working SPACE(r)s to the entire Newark Community, we here at = SPACE have long held the belief that citizens and the youth within our city need to see the hustle, energy, and innovation that goes on every day at our sharespace along with the programming and spirit we have after hours.

SO CELEBRATE SPACE(r)s WE HAVE MORE GROWING TO DO!

 

 

Trusted Contacts To Find the Ones You Trust

Google has once again provided us with something new and useful. What is it?: Information on a new innovative way to find your loved ones in a crazy emergency. Google plans on tweaking their app “Trusted Contacts” to give your location to a family member or friend using the app as well. Now I’m wondering how this will work, but it must be possible. This link can provide you with more information about the life saving app.

June EqualSpace Calendar

We want to make the best of your summer and keep you from being a couch potato. So pack your bags and prepare for the plethora of events that the beautiful city of Newark has in store for YOU.

June EQUAL SPACE Calendar Click link to download)

3 Reasons Why Apologizing Hurts Your Business

From Entrepreneur.com:

When things go wrong in your business, do you apologize? I’m not so sure that you should — at least not as much. Apologies change the dynamics of the relationships with your clients. The more that companies apologize, the less meaning it has. Apologies open the door for more costs.

“At what point does the consumer — your customer or client — step up and assume some responsibility here?

 

Read more on Entrepreneur.com!