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Business Coach, and USA TV Show, She's The Boss star, Nicole Walters connects with the Build Your Legacy Contest finalists to provide income strategy tips to help grow their businesses. Head over to essence.com/yourlegacy by Thursday, July 15th to vote for the Black woman entrepreneur you think should win $100K for her business and 6 months of business coaching with Nicole.
Transcript
00:00hi ladies my name is nicole walters i am the ceo and founder of inherent learning company
00:07and i'm here today to congratulate you on being the top three finalists for the pinesol and essence
00:14build your legacy contest now i know that it's taken a lot of work to get here but you guys
00:20deserve it because this contest is all about women who are raising the bar setting the standard
00:26and building legacies at home in their business and the world and i'm just so excited to chat with
00:31you today thank you so ladies i am known as one of the toughest business consultants in the game
00:38and it's because i believe that it's important to act like a business if you want to get paid like one
00:43no shortcuts and because you made it this far in the contest that's how i know that you're already
00:47doing so many of the right things but if you take these three tips i know that you can go even
00:52further so you ready so the first one is you've got to act like a business if you want to get paid
00:58like one now i know that you guys have seen people on social media on the internet doing things that
01:03they think is acting like a business right taking pictures using hashtags all that stuff that's not
01:09being a business being a business is making sure that you're legal your financial and your marketing
01:14is all lined up you're gonna need to have an llc and you're going to want to have a bookkeeper
01:19and an accountant and of course your taxes those have to be paid non-negotiable so i hope you guys
01:26wrote that down because i'm going on to tip number two so ladies i know that acting like a business can
01:32take up all of your time when you're dealing with the finances and the legal and the products and the
01:36inventory that can feel like so much but i want to let you know that no business can succeed without
01:43customers so i want you to remember that if they can't find you they can't pay you marketing
01:49matters you've got to put an emphasis on getting out there and letting your customer know that you
01:53exist thank you so much now i know that we covered a lot there but tip number three it's essential
01:59grab your pen and write this down this tip is going to hurt a lot of feelings right because whenever
02:04people hear this one they're always like nicole i feel attacked but it's so true whenever you're on
02:10social media you see tons of people talking about how they're sold out and they manage to clean out
02:16their inventory but the truth is you're not really winning at the end of the sale you're
02:21actually winning at the end of the service i always recommend for especially for your business pamela
02:27coming up with a customized corporate gift something that you know that you're going to
02:30give to your customer that they're going to love coupling that with a beautiful handwritten note
02:34and sending it in the off season not necessarily connected with the sale it lets your customer know
02:39that you're always on their mind and it also makes sure that they don't think that you just
02:43a comma or a bank account or money to them that you really want a deep relationship thank you
02:49we covered so much ground and i could talk to you guys for ages but we'll do that stuff later right now
02:55there's still more you need to know as finalists in the pine saw in essence build your legacy contest
03:00and i'm not going to be the person doing all the talking i've got two other experts here and they're
03:05going to get you all set up so next up i'm going to set you up with a chance to chat with marissa
03:11nance she's the ceo of native tongue communications and she knows everything about business marketing
03:17so keep your pens and paper in your hand you're gonna need them thank you so much nicole thank you
03:21so much thank you so much
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