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The Secret Struggles Behind Being An Entrepreneur

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What do you associate with entrepreneurship? When most people think of entrepreneurs, they think of money, fame and charisma. After all, the most successful entrepreneurs attract the most attention and usually possess these things. However, no matter how much an entrepreneur demonstrates an aura of effortlessness, I’ve found that there is a secret that ties all entrepreneurs together.

As an entrepreneur, your goal may be to earn a lifestyle that’s enviable, but the path to that destination is anything but. The difficulties that entrepreneurs face are real and knowing them ahead of time is important for anyone who is thinking about starting a business.

What is the secret behind every entrepreneur?

Even the most successful entrepreneurs have failed. Failure is something that anyone who wants to become a leader must embrace. No matter how much you study or read about your field, there are always going to be unexpected pitfalls. However, it’s important that you don’t dwell on failure; instead, adapt to it, overcome it and learn from it. I’ve noticed that most successful entrepreneurs don’t spend much of their time discussing their own difficulties. That’s why it’s difficult to see just how frequently the best entrepreneurs face defeat.

Read full article @ FORBES

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Facebook commits $200 million to Black-owned businesses and organizations

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  • Facebook on Thursday announced it will commit $200 million to Black-owned businesses and organizations.
  • Facebook will also commit to increase the representation of people of color in the company’s leadership positions by 30%, including 30% more Black people, COO Sheryl Sandberg said.

Facebook on Thursday announced it will commit $200 million to Black-owned businesses and organizations.

“The past few weeks have compelled us to confront the reality of violence and injustice which members of the Black community face on a daily basis,” Facebook COO Sheryl Sandberg wrote in a post announcing the company’s initiative. “We have shared words of support for our friends, colleagues and communities. We need to take action as well.”

Read more @ CNBC.com

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HOW TO NEGOTIATE FEARLESSLY—EVEN IN TOUGH TIMES

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In her first book, negotiation guru Mori Taheripour offers readers more than a decade of expertise honed as both a faculty member at the Wharton School of Business and adviser to organizations such as the NFL and Goldman Sachs 10,000 Small Businesses program. Even in the midst of economic crisis, she insists, it’s important to negotiate—and to get creative about how.

Negotiations become more, not less, critical at times like these, when the economy is struggling and unemployment is running high. Whether you’re setting a price for your side hustle, or bargaining with clients or an employer seeking to downsize your regular pay, while you may not have much leverage in the moment, setting the stage for the comeback is key.

“It’s important to make sure that your clients don’t expect deep discounts to continue,” she says.

Read full story at Black Enterprise

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The Black Tax: Why African Americans Must Work Harder to Build Wealth

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After 400 years in this country, black families hold a fraction of the wealth of white families. And that is due, in part, to what is referred to as the “black tax.”

The term “black tax” is commonly used in South Africa, where it refers to the financial support that black professionals are expected to give their extended families. In the U.S. it also describes the racial dimensions that perpetuate a cycle of inequality such as lower pay and a lower standard of education.e

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