Entrepreneurs – Empresaris http://empresaris.info/ Wed, 22 Sep 2021 15:44:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://empresaris.info/wp-content/uploads/2021/05/default.png Entrepreneurs – Empresaris http://empresaris.info/ 32 32 Black entrepreneurs in New York think banking system is closed to them https://empresaris.info/black-entrepreneurs-in-new-york-think-banking-system-is-closed-to-them/ https://empresaris.info/black-entrepreneurs-in-new-york-think-banking-system-is-closed-to-them/#respond Wed, 22 Sep 2021 15:44:49 +0000 https://empresaris.info/black-entrepreneurs-in-new-york-think-banking-system-is-closed-to-them/ Over 60% of startup owners and 40% of established business owners surveyed were unable to secure a bank loan or institutional capital from a finance company between 2015 and 2020. Additionally, around 80% of startups surveyed had incomes of less than $ 50,000. The survey found that there were great challenges among black entrepreneurs in […]]]>

Over 60% of startup owners and 40% of established business owners surveyed were unable to secure a bank loan or institutional capital from a finance company between 2015 and 2020. Additionally, around 80% of startups surveyed had incomes of less than $ 50,000.

The survey found that there were great challenges among black entrepreneurs in acquiring capital from financial institutions. More than half (55%) of startup owners surveyed said they did not have an established relationship with a financial institution.

“I’m currently partnering with different nonprofits and different minority run organizations… but in terms of financial investors, this is something I’m still working on at the moment,” said Curtis Cox, who launched a career counseling and coaching service. two years ago. Cox did not participate in the investigation.

Hope Knight, president and CEO of Greater Jamaica Development Corp., said she believes credit rating issues for black entrepreneurs and the inability to provide sufficient collateral to secure a large-scale loan are linked to the lack of historical relationship between blacks. and traditional financial institutions.

“Black Americans have been denied opportunities to strengthen their economic security,” she said.

Another problem facing black entrepreneurs in New York is the inability to increase their income stream. About one-third of business owners surveyed had incomes below $ 10,000 at the end of 2018, and 15% earned between $ 10,000 and $ 50,000.

Almost 70% of those polled said that their low amount of income was their main obstacle to obtaining financing from a traditional bank. Black entrepreneurs often find it difficult to obtain loans from these institutions because they are considered to operate with a higher degree of risk than more established businesses, explained James H. Bason, President and CEO of TruFund. Financial. Lack of cash flow can hamper the ability of black homeowners to find new customers and sources of income, experts say.

“When you can’t access capital, you’re so overwhelmed that you don’t have the energy to target different areas,” said Dr Selma Bartholomew, owner of Legacy Pathways, an education consultancy in the field. Bronx, who did not participate in the investigation. “If we can’t grow our business, we can’t meet the thresholds that serve as barriers and glass ceilings to that growth. “

The survey also pointed out that of the $ 3.4 billion in city contracts awarded to minority and women-owned businesses, only 1% went to black-owned businesses, a statistic previously reported by Crain’s.

On a positive note, Knight said she has seen more efforts from government agencies and the private sector to reach out to black entrepreneurs and business owners since the start of the pandemic.

“I have never seen so many black companies get contracts and opportunities as I have in the past 18 months,” she said. “I think the death of George Floyd and the racial calculation brought to light the fact that black businesses have been underutilized and have not necessarily had opportunities for them to grow and prosper.”


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AAMBP spotlights Austin’s immigrant entrepreneurs at Welcoming Week – Austin Daily Herald https://empresaris.info/aambp-spotlights-austins-immigrant-entrepreneurs-at-welcoming-week-austin-daily-herald/ https://empresaris.info/aambp-spotlights-austins-immigrant-entrepreneurs-at-welcoming-week-austin-daily-herald/#respond Tue, 21 Sep 2021 22:41:00 +0000 https://empresaris.info/aambp-spotlights-austins-immigrant-entrepreneurs-at-welcoming-week-austin-daily-herald/ The Austin Area Minority Business Project (AAMBP) spent a hospitality week (September 10-19) hosting events showcasing local immigrant-owned businesses. On Tuesday, September 14, AAMBP, in partnership with the Austin Human Rights Commission, organized a business bike tour to four local minority-owned businesses: Loikaw21, Novedades Cristal, Sara G’s Beauty Supply & African Market and Maya Taqueria. […]]]>

The Austin Area Minority Business Project (AAMBP) spent a hospitality week (September 10-19) hosting events showcasing local immigrant-owned businesses.

On Tuesday, September 14, AAMBP, in partnership with the Austin Human Rights Commission, organized a business bike tour to four local minority-owned businesses: Loikaw21, Novedades Cristal, Sara G’s Beauty Supply & African Market and Maya Taqueria. Each business owner showed great passion for their business and welcomed the participants to the tour, providing the participants with a unique experience tasting different products and discovering the heart and motivation that come with their mission and the products. sold.

After the visit, the participants expressed their great appreciation for this experience.

“I was very impressed to learn more about the variety of businesses in Austin owned by locals from all walks of life,” said Sarv Mithaqiyan, an Austin resident who works at Riverland Community College. “It’s inspiring to see how these people overcame the hurdles to start their business. Now they are able to support their families, the community and more. Such businesses add to the unity in diversity in a small town of about 25,000 inhabitants, which is hard to find. Such a reality can attract more people from other countries to settle in Austin, be a part of the community and contribute to its vitality, energy and growth.

Austin City Councilor Jeff Austin also found the bike tour very informative and told AAMBP he enjoys trying new things like sweet sticky rice and learning about each owner’s story. and on their hard work.

The AAMBP also hosted a business panel in the brand new Launch MN coworking space downtown. The business panel was moderated by Pam Bishop, promoter of the Southern Minnesota Initiative Foundation’s Prosperity Initiative. The owners of Gentlemen’s Fade Barbershop, Molina Business Solutions, Mixto Fresh and Karen Asian Grocery Store participated in the panel and shared their journey to becoming an Austin business owner, including the challenges and successes along the way, and by inviting all members of the community to attend their businesses.

Vietnamese Top Noodle, owned by Sam V. Nguyen and his family, was named 2021 Immigrant Owned Company of the Year by AAMBP. Development Corporation of Austin executive director John Garry and Maylary Apolo, legal assistant at the Immigrant Law Center in Minnesota, presented the award to Nguyen on Friday, September 17.


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Former Mayor Flitner named Wyoming Woman Entrepreneur of the Year | Local https://empresaris.info/former-mayor-flitner-named-wyoming-woman-entrepreneur-of-the-year-local/ https://empresaris.info/former-mayor-flitner-named-wyoming-woman-entrepreneur-of-the-year-local/#respond Tue, 21 Sep 2021 10:30:00 +0000 https://empresaris.info/former-mayor-flitner-named-wyoming-woman-entrepreneur-of-the-year-local/ Former Jackson Mayor Sara Flitner was named Wyoming Woman Entrepreneur of the Year 2021 by the Wyoming Council for Women, which recognized her scientific approach to her work with Flitner Strategies and Becoming Jackson Whole, a goal-oriented organization. not-for-profit that she recently founded. “The Wyoming Council for Women is proud to recognize and celebrate women […]]]>

Former Jackson Mayor Sara Flitner was named Wyoming Woman Entrepreneur of the Year 2021 by the Wyoming Council for Women, which recognized her scientific approach to her work with Flitner Strategies and Becoming Jackson Whole, a goal-oriented organization. not-for-profit that she recently founded.

“The Wyoming Council for Women is proud to recognize and celebrate women entrepreneurs across Cowboy State,” said Jennifer Wilmetti, WCW President. “These women create jobs and generate significant income for our state and local communities while providing desperately needed services and skills. Sara Flitner is an effective leader who helps integrate soft skills and mindfulness into Wyoming businesses, nonprofits, and government work and is particularly deserving of this honor. “

Both flattered and surprised to learn of this recognition, Flitner was quick to congratulate the women and men who helped her on her journey.

“Not many of us go to work hoping to receive an honor like this, so you can imagine how much my jaw has dropped,” Flitner said. “Surprise aside, I truly believe in the crux of this work: now more than ever, our workplaces must prioritize the human capacities that make businesses, communities and families thrive. “

She also stressed the importance of mentors.

“My mentors taught me the things we are learning now that we can develop and improve: resilience, empathy, self-awareness. You made the job fun for me, ”she said. “And to those entrepreneurs who are just starting their careers: find your passion and pay attention to it. Don’t worry if it takes time to figure out what that passion is, let alone worry when others are slow to catch you.

Among Flitner’s accomplishments over the past year has been overseeing a “one-of-a-kind study” conducted in collaboration with Becoming Jackson Whole, which demonstrates that young and old – and all ages in between – can learn. significant benefits of mindfulness and training to pay more attention.

According to WCW, the Woman Entrepreneur of the Year award recognizes women-owned businesses statewide and aims to draw attention to the contributions of women entrepreneurs to Wyoming’s economy. Flitner, the 2021 winner, and her fellow award nominees will be featured on WCW’s Facebook page in the coming weeks.


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How an agro-food entrepreneur overcame business start-up failures | New times https://empresaris.info/how-an-agro-food-entrepreneur-overcame-business-start-up-failures-new-times/ https://empresaris.info/how-an-agro-food-entrepreneur-overcame-business-start-up-failures-new-times/#respond Mon, 20 Sep 2021 22:09:00 +0000 https://empresaris.info/how-an-agro-food-entrepreneur-overcame-business-start-up-failures-new-times/ Starting a business enterprise is not often without challenges and setbacks, especially in the case of start-ups and emerging companies. While these setbacks may be disheartening for Sakina Usengimana, they served to give her lessons and experiences that ultimately led to her success. The 28-year-old is an entrepreneur at a company known as Afri-foods Ltd, […]]]>

Starting a business enterprise is not often without challenges and setbacks, especially in the case of start-ups and emerging companies.

While these setbacks may be disheartening for Sakina Usengimana, they served to give her lessons and experiences that ultimately led to her success.

The 28-year-old is an entrepreneur at a company known as Afri-foods Ltd, based in Gatsibo and Nyanza districts – involved in the export of fresh fruit and vegetables.

The company is also involved in contract farming, currently working with more than 500 farmers across the country.

Usengimana plans to start food processing adding value to some of the crops they export.

Having a background in business, entrepreneurship and marketing, Usengimana was not afraid to delve into agribusiness, although it is a different field than the one she studied.

She said after attending Youth Connect training in 2017, she got the idea to start doing farming stuff.

“I was inspired when one of the keynote speakers challenged us to use our natural resources, including the land. I felt it was a great opportunity for me to try my luck, ”she said.

She started out growing tomatoes and peppers, but after a short time everything stopped.

With a production of only 400 kilograms, Usengimana now harvests 300 tons of products.

This she attributed to not having enough skills to run the business.

In 2019, she decides to start over, this time in partnership with her two friends, cultivating the same crops (pepper and tomatoes).

After three harvests, the business again failed because the land they were using did not produce more yields than expected.

“It all posed a bit of a challenge for me because I had used up all my savings, I found myself spending all my paycheck, investing in things that weren’t making a profit, something that almost made me. give up, ”she admitted.

If you make repeated and diligent attempts to fix a leaking pipe it often makes matters worse, maybe it’s time to go online and find a plumber’s number, and that’s exactly what. Usengimana did.

The entrepreneur decided to try again for the third time, but this time with the goal of working with experts in the field she was trying to venture into, as she believed that this also played an important role when he it was about establishing and maintaining your business.

The same year 2019, in August, she remembered and looked for a client and this time started again to start her own business known as Afri-Foods Ltd.

They cultivate chili peppers, birds, avocados, bitter lemon, eggplants, among others.

The light at the end of the tunnel

Usengimana said that at the moment she is enjoying her new career and farming is not only part of her, but also part of her full-time job.

“I like the fact that in a short period of time I have acquired a lot of skills in this particular area which have enabled me to run my business successfully,” she said.

With an output of only 400 kilograms, it now manufactures 300 tons of products, which are exported to the Middle East and Europe.

On top of that, she managed to hire 10 permanent staff and many more who work on a casual basis.

What keeps her going is the fact that her hard work and her spirit of not giving up have yielded positive results.

Usengimana’s company (Afri-Foods Ltd) has also been selected to be one of the companies supplying its products to the Dubai-based Carrefour supermarket, which is a huge success for them.

Another impact, she said, is the ability to attend different exhibitions nationally and internationally, which gives them exposure as a team, including meeting different clients and other experts.

In the future, she plans to start food processing by adding value to some of the crops they export with the aim of reducing post-harvest losses and having a huge presence in the local market.

editor@newtimesrwanda.com



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Meet four Frisco entrepreneurs who are “redefining the American dream,” according to Forbes https://empresaris.info/meet-four-frisco-entrepreneurs-who-are-redefining-the-american-dream-according-to-forbes/ https://empresaris.info/meet-four-frisco-entrepreneurs-who-are-redefining-the-american-dream-according-to-forbes/#respond Mon, 20 Sep 2021 11:01:42 +0000 https://empresaris.info/meet-four-frisco-entrepreneurs-who-are-redefining-the-american-dream-according-to-forbes/ Four residents of Frisco have been recognized among the nation’s top small business owners and entrepreneurs as Forbes The next 1000 winners. Winners are limited to sole proprietorships, self-funded stores, and pre-income startups that have been in operation for at least a year and receive less than $ 10 million in annual income or Series […]]]>

Four residents of Frisco have been recognized among the nation’s top small business owners and entrepreneurs as Forbes The next 1000 winners.

Winners are limited to sole proprietorships, self-funded stores, and pre-income startups that have been in operation for at least a year and receive less than $ 10 million in annual income or Series A funding. the year is to feature those who “redefine the American dream,” according to the website.

Applications were accepted online before being reviewed by Forbes journalists and editors, who took into account the personal stories of the nominees and the impact of the industry in addition to their commercial success.

A panel of judges – with famous celebrities and icons including former MLB player Alex Rodriguez, Seattle Seahawks quarterback Russell Wilson and restaurateur Ayesha Curry – assessed and scored the forward semi-finalists. the top Forbes the editors compiled the results and confirmed the entries. Once a quarter, 250 personalities are recognized in all Forbes platforms until the 1000 winners are named. The most recent version of the name, September 15, was the third install of the project.

As part of the initiative, Forbes will virtually host its very first Next 1000 Summit on November 12.

Here is a list of Frisco winners.

Kewanta Brooks, Elite Kids TV

Brooks, 39, is the founder of Elite Kids TV, a subscription-based learning program for preschool and elementary-aged children, emphasizing diversity and inclusion. The company sells color books and flash cards for toddlers up to 10 years old. The company’s next app will feature courses in social and emotional learning, languages, and entrepreneurship.

Brooks was also a finalist for Official Black Innovator of the Year on Wall Street.

Chris Hoffmann, ambitious VET network

Founder of the An ambitious VET network, Hoffmann, 33, has created an online community for military veterans looking for professional development and personal connections. The startup provides veterans with resources, tools and support to improve their productivity and stability, according to Forbes. Over 11,000 users are part of the community, which has recently grown 20% year over year.

Jene Denise Huginnie, Impact Focus

Huginnie, 60, founded Impact Focus last year. The organization focuses on community participation, engagement and accelerating growth.

Deepika Pillai, founder of the village of Kula

Pillai, 33, is the founder of Kula village. Launched last year, the multicultural market sells books, toys, clothing and jewelry from more than 50 vendors. The website has reached over 20,000 users without any outside funding, according to the Forbes website.


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Former K-pop Girls’ Generation star Jessica Jung on new plans, pandemic https://empresaris.info/former-k-pop-girls-generation-star-jessica-jung-on-new-plans-pandemic/ https://empresaris.info/former-k-pop-girls-generation-star-jessica-jung-on-new-plans-pandemic/#respond Sun, 19 Sep 2021 23:00:01 +0000 https://empresaris.info/former-k-pop-girls-generation-star-jessica-jung-on-new-plans-pandemic/ Former Girl’s Generation member singer and actress Jessica Jung arrives at the Palm Angels fashion show during New York Fashion Week on February 09, 2020 in New York City. Gilbert Carrasquillo | GC Images | Getty Images South Korean pop star Jessica Jung is perhaps best known for being a former member of the K-pop […]]]>

Former Girl’s Generation member singer and actress Jessica Jung arrives at the Palm Angels fashion show during New York Fashion Week on February 09, 2020 in New York City.

Gilbert Carrasquillo | GC Images | Getty Images

South Korean pop star Jessica Jung is perhaps best known for being a former member of the K-pop group Girls’ Generation, but she has now entered the business world as the owner of her own brand of fashion, White & Eclare.

Describing herself as an “explorer”, the 32-year-old singer-turned-entrepreneur said the transition from entertainment to fashion was “natural”, adding that she “had many followers in the fashion world.”

With over 9.9 million Instagram followers under her belt, being a social media influencer has proven to be a full-time commitment.

His secret?

“You have to be genuine and you have to have a character for yourself. Then there’s a bond that builds between you and your followers. That’s how it grows,” she told Inside. CNBC e-commerce.

Jung also gave his fans credit for his success. “I’m very lucky because my career actually started at a time when social media was just starting to take hold. My fans and I started building it together.”

Social media influencer

Jung said it can be difficult at times, especially when he’s looking for a break from work. “Social media is so fast you just need to keep pace.”

When it comes to being the face of a brand, maintaining a personal connection with followers is crucial for Jung, who was named Global Brand Ambassador for cosmetics company Revlon in 2020.

She said a good mix of branded content and personal social media content helps.

“If I have branded content that I need to post, I post it. Then I would definitely post some authentic daily activities and daily fashion, things that my fans and followers would really want to see,” Jung said.

According to a “Social Salary Calculator” from the music licensing platform Lickd.co, social media influencers with more than 100,000 Instagram followers can typically earn more than $ 4,000 per Instagram post.

You have to be genuine and you have to have a character for yourself. Then there is a connection that is made between you and your subscribers.

Jessica jung

former member of K-pop group Girls’ Generation

Jung also has concerns about social media.

“It can cause insecurities for people,” she said, referring to the “like” button on social media platforms. “I have seen this happen to a lot of people around me.”

Life during the pandemic

As for her life during the pandemic, Jung said her traveling lifestyle has been put on hold and she is now based in South Korea.

“Before, I was constantly traveling and was back in Korea to pack my bags and go back. But now I’m here – full time,” Jung said.

The change led to the launch of its first flagship store in Seoul for Blanc & Eclare in January 2021, a luxury fashion brand that sells classic clothing and accessories, like sunglasses, for women. She also opened her own restaurant, Clareau, on the second floor of the flagship store, which serves contemporary cuisine.

Although she couldn’t travel as much as before, she enjoyed being in South Korea. “I didn’t think I would love her so much, but actually I love her because I didn’t know I missed home so much. I had time to take care of myself – mentally and physically.”

Jung will be releasing new singles throughout the year that will lead to an album, something that was initially delayed due to Covid-19.

As for other projects, she confirmed to CNBC that a new season of her reality show with her sister Krystal from K-pop girl group f (x) will air in late September.

Jung said his book “Bright,” a sequel to his New York Times bestseller “Shine,” is due for release in mid-2022.


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Quick Lessons for Entrepreneurs How to Start a Blockchain Startup https://empresaris.info/quick-lessons-for-entrepreneurs-how-to-start-a-blockchain-startup/ https://empresaris.info/quick-lessons-for-entrepreneurs-how-to-start-a-blockchain-startup/#respond Sun, 19 Sep 2021 08:27:04 +0000 https://empresaris.info/quick-lessons-for-entrepreneurs-how-to-start-a-blockchain-startup/ Non-fungible tokens (NFTs) provide a level playing field for artists who do not have access to the global market: Anuj Kumar Kodam from Wall.app I think it’s important to have proof of work that you can provide for a community to support you and support you: Mayur Relekar, Founder and CEO of Arcana In the […]]]>

Non-fungible tokens (NFTs) provide a level playing field for artists who do not have access to the global market: Anuj Kumar Kodam from Wall.app

I think it’s important to have proof of work that you can provide for a community to support you and support you: Mayur Relekar, Founder and CEO of Arcana

In the B2C segment it is very important to go out and understand if the problem really exists: Firdosh Sheikh from DRIFE

Amid the continued buzz around crypto and blockchain in India, several entrepreneurs are aiming to enter the industry and create world-class products. For these young souls, some of the leading subject matter experts gathered under one roof to decode the playbook at The Crypto Summit by Inc42 Plus and CoinSwitch Kuber. Hear how creators can unlock their true potential in blockchain.

Jenil Thakker, Founder and CEO of Coinvise

It is important to have a token when you have a strong community surrounding it. Token economy can be done well, but if the community is not strong it can be a disaster early on.

We’re trying to find out how our community feels and figure out a use case, and then in the future we might throw a token.

Anuj Kumar Kodam, Co-Founder and CEO of Wall.app

Non-fungible tokens (NFTs) provide a level playing field for artists who do not have access to the global market. Speaking of finding a co-founder, he said it was a long journey. It’s almost a second marriage because you are spending a lot of time. Communities help new creators thrive and crypto helps.

Mayur Relekar, Founder and CEO of Arcana

I think it’s important to have proof of work that you can provide for a community to support you and support you. Having the right people from the start is key If you want to stay in this business for a long time, it is very important for a founder to involve the right people.

Firdosh Sheikh, co-founder and CEO of DRIFE

A random conversation with Uber helped me start DRIFE. In the B2C segment, it is very important to go out and understand if the problem really exists.

You can’t just go into the market and consider challenging established products. It is very important to understand the pain points in the area.

Ayush Ranjan, Co-Founder and CEO of Huddle 01

At Huddle01, we are building the world’s first blockchain-based video conferencing platform. We are a team of 10 and have just closed our seed funding. We focus on security and try to reduce latency.

Our end goal is simple – its people with a decent internet connection can tie a knot on Huddle and become a super knot and part of the circle.



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Local entrepreneurs team up to launch Precious Piñata children’s education program https://empresaris.info/local-entrepreneurs-team-up-to-launch-precious-pinata-childrens-education-program/ https://empresaris.info/local-entrepreneurs-team-up-to-launch-precious-pinata-childrens-education-program/#respond Sat, 18 Sep 2021 17:32:46 +0000 https://empresaris.info/local-entrepreneurs-team-up-to-launch-precious-pinata-childrens-education-program/ Content of the article An educational program designed by a Chatham woman to help children cope with life challenges such as mental health, racism and bullying, now has a much needed retail presence at Chatham Giant Tiger store. Content of the article “It’s like a catalyst to make it known in the community,” said Charlene […]]]>

Content of the article

An educational program designed by a Chatham woman to help children cope with life challenges such as mental health, racism and bullying, now has a much needed retail presence at Chatham Giant Tiger store.

Content of the article

“It’s like a catalyst to make it known in the community,” said Charlene Renaud, creator of the Precious Piñata.

The program includes a plush toy, named Precious Piñata, which includes seven colorful balls that represent the different types of “stuffing” people have from their life experiences, as well as a guide to help children understand the events of. daily life.

Renaud, a professional speaker and retired police officer, initially launched Precious Piñata in late 2018, but noted that the COVID-19 pandemic had stalled the project.

She added that she was very lucky that Mark Lush, owner of the Chatham Giant Tiger store franchise, liked the concept and was willing to work with her.

Renaud made a presentation at Giant Tiger Headquarters in Ottawa on Precious Piñata, which was well received and given the green light to sell it in the Chatham store.

When asked if he had provided this kind of help to other local entrepreneurs, Lush replied, “Not to this degree.

“We support the local as much as possible,” he added.

Lush said Renaud has done a great job following the regulations necessary to sell a product in stores, such as keeping it safe.

“For me, it’s just a great program for young people,” he said.

Lush said Giant Tiger Headquarters are happy with the program and want to make sure it can gain a foothold before moving forward.

“If we can get things done, we would love to do it,” he said. “If I can be a small part of the success of Precious Piñata, why not?

Content of the article

Renaud said, “It only takes one person to believe” in the support she received from Lush.

“If it grows from here, hopefully we can get it into more Giant Tiger stores,” she added.

Fairly Pumfrey bought a Precious Piñata on Saturday for her five-year-old son Jasper, noting that she liked the fact that she deals with topics such as bullying.

“We want to support what they are doing, locally, because it is for children and children are so important,” she said.

Renaud said Precious Piñata, which includes the plush and guide, is priced at $ 39.95.

“Mental illness, bullying, racism and abuse are negative childhood experiences that can be avoided through early childhood education and transparency,” she said.

“Children need to know how experiences affect them and others in healthy or unhealthy ways,” she added. “That’s why I designed Precious Piñata. It is better to prevent than to repair people who are broken.

eshreve@postmedia.com


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Anxiety list for MENA entrepreneurs is long, just like the one that cures it – Middle East & Gulf News https://empresaris.info/anxiety-list-for-mena-entrepreneurs-is-long-just-like-the-one-that-cures-it-middle-east-gulf-news/ https://empresaris.info/anxiety-list-for-mena-entrepreneurs-is-long-just-like-the-one-that-cures-it-middle-east-gulf-news/#respond Sat, 18 Sep 2021 09:00:39 +0000 https://empresaris.info/anxiety-list-for-mena-entrepreneurs-is-long-just-like-the-one-that-cures-it-middle-east-gulf-news/ EMPWR, a United Arab Emirates-based digital media agency dedicated to mental health and exclusive mental health partner for WAMDA and Microsoft for startups, released a research report on mental health challenges and the well-being of entrepreneurs due to COVID-19 in the MENA region. Research has indicated that startup founders experience higher stress levels than the […]]]>

EMPWR, a United Arab Emirates-based digital media agency dedicated to mental health and exclusive mental health partner for WAMDA and Microsoft for startups, released a research report on mental health challenges and the well-being of entrepreneurs due to COVID-19 in the MENA region.

Research has indicated that startup founders experience higher stress levels than the rest of the region, with twice the chances of developing depression issues.

55% of startup founders said increased investment caused the most stress; the pandemic was the second most cited reason by 33.7% of respondents. 44.2% spend at least 2 hours per week trying to relax.

Other information, uncovered by the report, includes:

  • A good relationship between the co-founders can help startups navigate the market affected by the pandemic. Over 95% of entrepreneurs view co-founders as family and / or friends
  • Many entrepreneurs live well below their means to finance their business, resulting in stress that is detrimental to their health

With only 2% of healthcare budgets in the MENA region currently devoted to mental health, the impact of the COVID-19 pandemic on young entrepreneurs and young talent could lead to an economic burden of $ 1,000 billion, d ‘by 2030, according to the report.

EMPWR’s MENA partners shared special offers on their mental health services for the region’s entrepreneurial community.

From Saudi Arabia:

Labayh offers the tech ecosystem a 20% discount on its online mental health services for 2 months. Promo code: empwr, with the offer valid until October 29.

From Egypt:

O7 Therapy is offering 50% off its online mental health services to 50 entrepreneurs in the MENA region. Promo code: Entrepreneur50, valid until December 1, 2021.

From the United Arab Emirates:

My Wellbeing Lab offers 20 individual coaching sessions to entrepreneurs who wish to be coached and helped; as well as unlimited access for any entrepreneur to its “Discovery Lab”, a platform that gives entrepreneurs and managers an overview of their mental well-being as well as of their teams. Promotional code: MWL21.

Takalam offers 10% discount for 3 months. Promotional code: Impact.

Mindtales is offering the MENA ecosystem 50% off its services for one month. Their app can be downloaded here.

HAD Consultants offers 20 individual coaching sessions to entrepreneurs. Promotion code: HAD_SME01.

From Oman:

Nafas, a meditation app focused on reducing stress, anxiety and helping with insomnia, offers access to its platform. Register as a user on this link to enjoy the benefits.

The mixed emotions of entrepreneurs

Entrepreneurs must face uncertainty and be personally responsible for any decisions they make. They probably have the longest working hours of any occupational group and need to quickly develop expertise in all areas of management while managing day-to-day operations.

Yet despite all of this, research shows that entrepreneurs are happier than people with jobs.

To understand this, a comprehensive and systematic review of 144 empirical studies on this topic, spanning 50 years, found:

1. It’s not all about pay

Work on the economics of entrepreneurship has traditionally assumed that entrepreneurs endure all the constraints and uncertainties in the hope that in the long run they can expect high financial rewards for their efforts. It’s wrong.

2. Very stressful, but …

High workload and work intensity, along with financial issues facing their business, top the stress list for entrepreneurs.

But some stressors have an advantage. Although they require more effort here and now, they can lead to positive consequences such as long term business growth. Some entrepreneurs seem to interpret their long working hours as a challenge and thus turn them into a positive signal.

3. Autonomy is both good and bad

The autonomy that comes with being an entrepreneur can be a double-edged sword. Entrepreneurs can decide when and what to work on – and with whom to work. But recent research on how entrepreneurs experience self-reliance suggests that at times they struggle deeply with it. The number of decisions to be made and the uncertainty about the best course to follow can be overwhelming.

4. An addicting mix

A review of the evidence confirms that, despite all the imagination, the work of entrepreneurs is very demanding and challenging. This, along with the positive aspects of being their own boss coupled with an often competitive personality, can cause entrepreneurs to be so engaged in their work that it can become obsessive.

So, perhaps the most critical skill of entrepreneurs is how they are able to manage themselves and give themselves time to recover.

Stress management tips for entrepreneurs

Identify the real source of your stress. Is it tight deadlines, issues with sourcing, raising capital, managing investor expectations, building a talented team, or delay in getting the first sale for your new business in? start-up ?

Even if you have several, break them down as unmanageable tasks seem simpler when broken into smaller segments. Then list how you plan to successfully resolve each problem. During this time, eExercising several times a week is considered one of the best tactics for dealing with stress.

Another technique for dealing with stress is to take a break. Rest as much as possible before resuming tasks. It’s also a good idea to reach out to friends, family, and social media, as they are likely to understand what you are going through and offer you words of wisdom and courage.

Stay away from energy-draining junk food. Eating healthy keeps you fit for the next challenge. Finally, get enough sleep and take naps. Sleep helps your body and mind recover.


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#BTColumn – Entrepreneurs are our heroes https://empresaris.info/btcolumn-entrepreneurs-are-our-heroes/ https://empresaris.info/btcolumn-entrepreneurs-are-our-heroes/#respond Fri, 17 Sep 2021 18:01:48 +0000 https://empresaris.info/btcolumn-entrepreneurs-are-our-heroes/ The views and opinions expressed by the authors do not represent the official position of Barbados TODAY. by Adrian Sobers “To move forward, modern society would have to treat ruined contractors the same way we honor dead soldiers, perhaps not with as much honor, but using the exact same logic.” – (Nassim Nicholas Taleb, Antifragile). […]]]>

The views and opinions expressed by the authors do not represent the official position of Barbados TODAY.

by Adrian Sobers

“To move forward, modern society would have to treat ruined contractors the same way we honor dead soldiers, perhaps not with as much honor, but using the exact same logic.” – (Nassim Nicholas Taleb, Antifragile).

At one point in Antifragile, Nassim Taleb talks about entrepreneurs, not by name but by definition, “we didn’t get to where we are today thanks to policymakers, but to risk appetite. and the mistakes of a certain class of people, we need to encourage, protect and respect.

Dictionaries should add “Also see: heroes” to their entries for entrepreneurs (a word I can’t spell to save my life, without said dictionary.) In his speech, “Transforming the economy of Barbados in the era of liberalization”, the late former Prime Minister, Mr. Owen Arthur, alluded to the spirit of this category of people: “At this time of great peril, we must therefore get the people of Barbados to rise up in their own right. supportive environment that stimulates personal and corporate initiative, and appropriately rewards our employees for their ingenuity in transforming the nation.

“Entrepreneurship is a risky and heroic activity,” writes Nassim Taleb, “necessary for the growth or even the simple survival of the economy. It is also necessarily collective epistemologically – to facilitate the development of expertise.

Someone who hasn’t found something provides others with knowledge, the best knowledge, that of absence (which doesn’t work) – yet he gets little or no credit for it.

He argues that even “failed” entrepreneurs (or researchers) provide society with knowledge; and the best type at that (via negativa).

As he explains, one of the best ways to spot a charlatan is that he always has a “solution”, “something to do”, “ten steps to…”, or a great utopian political measure. The quack’s mark is also embedded, at some level, in a question that usually comes with a hint of annoyance: “Well, what do you suggest we do? Or the statement that “The government should do something!” Anything.”

How about observing what not to do.
In practice Taleb writes, “it is the negative that is used by the pros, those chosen by evolution: the great chess masters generally win by not losing; people get rich by not going bankrupt (especially when others do); religions are mostly forbidden [thou shalt not]; learning for life is knowing what to avoid. You reduce most of your personal accident risk with just a few measures.

He also points out that in the same way, there is no such thing as a failed soldier, dead or alive (provided they did not act in a cowardly manner); neither is there a failed entrepreneur, “nor is there a successful talker, philosopher, commentator, consultant, lobbyist or business school teacher who doesn’t take personal risks.” (Sorry.)”

For the company which does not (yet) formally recognize its entrepreneurs, it is proposing a National Entrepreneur Day.

Ours could easily coexist with National Heroes Day, because that is exactly what entrepreneurs are.
Hero of economic variety. But, it should be separate and distinct from May 1 (for practical and philosophical reasons).

Taleb’s message for this day is simple: “Most of you will fail, be disrespectful, impoverished, but we are grateful for the risks you take and the sacrifices you make for the sake of the planet’s economic growth and lift others out of poverty. You are the source of our anti-fragility. Our nation thanks you.

This is my weak attempt at public thanks. You are the real heroes on the economic frontline of this pandemic and you deserve not only to be sponsored, but also to be officially recognized with a day of national significance. In addition, the corporate condescension of our economic heroes is worth the condescension of the weak monetary policy every day.

Imagine demonizing the real heroes on the economic frontlines of a pandemic about the symptoms (rising prices), while the monetary policy mercenaries who are responsible for the underlying conditions get away with murder; worldwide.

Adrian Sobers is a prolific writer and commentator on social issues. This column was offered as a letter to the editor.

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