Author Archives: admin

Common Issues with a SAM.GOV account

sam.gov issuesWhen new clients are interested in working with the federal government, there are several hoops that need to be dealt with. The first step is setting up a SAM.GOV account. The System for Award Management or “SAM” is an official website of the U.S. government.

The system was developed by IBM with a $74 million dollar eight-year contract to consolidate all federal government agencies bidding processes onto one website. The website had been fraught with security and usability complaints since the launch in 2010.

This blog post will deal with how to solve the common issues users face.

IRS TIN Matching Validation Error for SAM.GOV

The IRS TIN Matching Validation error is a frequent occurrence for first-time applicants. Many small businesses change their names frequently to suit their clients or their expectations. However, the information on your EIN and the name on your DUN’s number must be exactly the same.

You can correct the issue by changing the information listed by the IRS and/or Duns and Bradstreet. The IRS has a shorter process to change the EIN number, while changing the DUN number takes up to seven days. (The Government Accountability office filed a 17-page report  on the “effectiveness” of the Duns and Bradsheet identification numbers in 2012.)

If the issue isn’t resolved through matching your EIN and DUN, you can than call (866) 606-8220 to talk to an operator.

Additional Reading

For further reading on security and userbility issues, please see the following:

  1. LA Times Article
  2. Federal News Radio, “Cyber vulnerability in GSA’s SAM portal exposes vendors’ data”.

 


Financial Education is the key to Financial Freedom

Category : Financial Education , News

“Financial freedom is available to those who learn about it and work for it.” – Robert Kiyosaki

There has been a growing epidemic of financial illiteracy in the United States. Our current culture has continually encouraged us to equate debt as a necessary evil. The best and brightest of this country are being pushed into expensive colleges even before they decide their careers. While good entry level jobs for those without a college diploma have become non-existent.

bandsPrioritizing Financial Education

The current crisis requires financial education from each and every one of us. We all need to learn about ways to increase our assets and decrease our liabilities. Innovation starts with accumulating financial literacy. Every Thursday, GOOD will be publishing a new blog on financial education. Our blog series will also post fun quotes to post and share on Instagram, Facebook, and Twitter. We want to encourage you to share your own financial education journey with your own friends and family, Therefore, the more people who become aware of how wealth is created, the more you will find opportunities to success.

We look forward to working with you on your journey. If you’re ready to take the next steps in your future, please schedule a consultation. Services provided can help young entrepreneurs achieve financial success. As a result, we cater to a young and diverse audience looking to break financial barriers.

 


Volunteering to Reaffirm Your Corporate Values

Every business leader should volunteer to engage and challenge themselves to truly understand the market. I had the opportunity to attend Ladies of Liberty Alliance (LOLA) Leadership Conference and I returned to NYC truly invigorated to face the challenges before me. We had the opportunity to strengthen our own beliefs with like-minded individuals and to encourage one another to face the challenges before us. It also helped me strengthen my own ideals for the corporate values of Good Management and Investments by allowing myself to talk to other female innovators who have a unique feminine perspective to business and life.

On the Elevator Pitch Workshop

corporate-values-ebonique-ellis

Humble-bragging*

I had to create an elevator pitch to recruit individuals into the Ladies of Liberty Alliance local New York City club and I really enjoyed mine and wanted to share with my clients and prospective clients,

“Only 4% of CEOs at Fortune 500 companies are women. There are debates on why women aren’t able to move-up the ladder at these companies, but there is less talk on why women aren’t just making their own damn ladders. Why women aren’t starting new businesses instead of relying on a man to promote them?

As a business executive who volunteers her time with Ladies for Liberty Alliance, I have a chance to not see myself as a victim of a man’s selection, but to hold my own destiny. I meet women who are unashamed of thinking for themselves and making their own opportunities. I think you’re a free thinker that might enjoy that as well.”

The women who shared how they came to liberty stories were truly inspirational and self-affirming. Each story reflected my own perspective as well. I was truly honored that Nena Whitfield asked me to recount mine again on their website. (Read here) It gave me the opportunity to think about my own personal story of liberty. I didn’t realize how positive my own perception of liberty would be until I placed the words onto paper. I’m hopeful that I can pull in my own family history of good values bringing a successful life towards my new company Good Management and Investments. I believe corporate values that promote the market’s needs are essential to growing a strong company.

I also enjoyed the new head shot that I received (included in this post to humble brag about it).*


“Zero to One Hundred” Series for the Young Entrepreneur

Category : News , Zero to One Hundred

Good Management Investments is planning a “Zero to One Hundred” series every Tuesday for the Young Entrepreneur. This series will look at young and fabulous people who have successfully transitioned into being their own boss. We will find out how people have broke the chains of looking for employment and instead created their own employment. Each week, we will ask different question to gain insight on how today’s young entrepreneurs grew their businesses to become giants.

zero-to-one-hundred

We want to help all young entrepreneurs to succeed, so we plan on promoting fun topics that will help you build your business brand and expand.

Some topics include:

  • Business Cards & Networking
  • Tips on Building Revenue
  • Blogging and AdSense
  • Writing a Book with a Full-Time Job
  • Turning Make-up Tutorials into a Full-Time Job
  • Building Revenue at the Club
  • How does Race or Gender impact funding?
  • The Philosophy of an Entrepreneur
  • The Moral Case for Wealth-Building
  • Expanding Your Reach Nationally and Beyond
  • Public Relations, Is there a journalist out there?
  • Technology: Learning or Outsourcing?

We plan on asking the best people of the business. If you think you are the right person to help us out, please email us at info@gmiltd.us. If you have a recommendation to be featured on the website, please fill out the following form:

What did you think of the SBA InnovateHER competition overall?
Would you have preferred an additional 3-minute pitch performed by the top three contestants?
Should catering have been provided?
Would you have preferred to see the business plan grading rubric before the event?
How prepared were the judges with appropriate questions?
If we had an additional pitch competition in the next three months, would you participate if there was a mandatory business plan course?
Which class options would you prefer?
If we have an additional pitch competition, how much money should be awarded and with how much frequency?
Would you have preferred a pitch competition by categories? If so, what category would you place your company (ie. technology, publishing, etc)?
If you are a tech company, if we required the winner to hire at least one diverse developer to receive the prize, would you still participate?
Would you still apply, if we required the winner to work with a business consulting agency capable of assisting your company to gain additional venture capital and government funding?
Name (optional):
E-mail (optional):
Any additional comments or concerns?

Women in the Workforce Gaining Ground in Philly’s C-Suites

A new report about women in the workforce was published. But it fails to say anything about minorities.

BY

Women are making it to the top of Philadelphia-area corporations, universities and healthcare systems—but they’re getting there slowly.

That’s according to the 2016 “Women on Boards” report released last week by the Forum of Executive Women and PwC.

The analysis looked at Greater Philadelphia’s 100 largest public companies and found three key points from the 2014-2015 year:

  • Of 60 board openings, 20 went to women.
  • Companies with no women on their boards decreased from 35 in 2014 to 27 in 2015 — a 23 percent change for the better.
  • Companies with at least 25 percent of their boards made up of women increased from 14 to 19 — a 36 percent improvement.

More diverse boards produce better results for companies, according to the report. Companies with women on their boards show an understanding of the demographics of their customers and shareholders and a willingness to think more broadly in an increasingly competitive global market, the report said. And citing research from Credit Suisse, the report also states that companies with women on their boards perform better financially.

While the 2016 report reveals positive trends, the results are “not enough to alter the overall picture of gender imbalance,” the report said. “In 2015, women held just 14 percent of all board seats — up slightly from 13 percent the year before.”

Women of Color in the C-Suite

While the Forum for Executive Women aims to “promote the value of gender diversity on boards and in executive suites,” it’s not clear how they plan to get there without highlighting the specific challenges that minority women, including women of color, women with disabilities, immigrants and veterans, face in rising amongst the ranks.

Women of color, for example, tend to hit a concrete ceiling in business, the Wall Street Journal reports, for a variety of factors that most of their white counterparts don’t experience.

“While conversations about gender equality at work are becoming more common, conversations about race, opportunity and fairness remain difficult at best,” said the WSJ.

Philadelphia is a majority-minority city, with women of color outnumbering their white counterparts, according to the 2015 American Community Survey conducted by the U.S. Census Bureau.
Read more


Promoting Social Cohesion via Diversity

Accepting diversity in the workplace so men and women from all backgrounds belong together not only promotes social cohesion – it’s good for business

For a country that has a black population of more than two million, three million Muslims and almost four million gay people, to say Britain isn’t diverse is foolish. Add the 8.3 million people who live here but were born abroad and the nearly 12 million Britons over the age of 65, collectively they comprise a nation defined as much by difference as similarity.

And yet for all this lack of homogeneity and despite all the research linking stronger profits with those organisations that embrace diversity, not a week seems to go by where one sector or another isn’t seen as diverse enough.

The legal profession in England and Wales was recently found guilty of having just 23 per cent female judges; only Armenia, Azerbaijan and Scotland were judged worse. The creative industry meanwhile has come in for criticism on racial grounds. The 2015 Creative Diversity Report found only 11 per cent of all creative jobs are held by black, Asian and minority ethnic (BAME) workers, despite the fact a third of jobs are in London, which is 40 per cent BAME. Moreover, whole sectors are still criticised for being ageist and discriminatory towards the disabled.

How can this be?

Paradoxically, the answer may actually come from well-meaning human resources policies that aim to get the very best talent, but in doing so, perpetuate sameness. These are talent management and talent pipelining programmes that by mapping top performers create a blueprint for hiring more of the same rather than looking further afield.

“The relationship between getting talent and achieving diversity is complex,” says Professor Paul Sparrow, director of the Centre for Performance-led HR at Lancaster University Management School. “In trying to meet business performance issues, HR can end up recruiting clones, which then creates organisational group-think.”

Read More…


BUY BLACK: THE BANTU APP

Co-Founder talks bringing database of Black hair care stylist to you with the click of a button…

By Lincoln Anthony Blades

“Black women far outspend any other demographic when it comes to hair care products and services. However, they struggle to have their needs met by a majority of salons, and hair care product brands.”

The above quote comes directly from Bantu’s mission statement, and clearly outlines a reality many Black women are all too familiar with: the incredibly frustrating endeavor of attempting to find a great hairstylist whom she can entrust to effectively nurture and finesse her mane.

But now, thanks to Bantu, there’s an app for that; and it’s truly a game-changer.

“Bantu is a free app that will help you discover local hairstylists, specifically for Black women,” says Meron, co-founder and head of Bantu’s PR and User Engagement. Along with the other co-founder Richard, the head of Finance and Operations, and the main app developer and original founder John, the app was essentially born this year at the intersection of demand and aptitude.

“Because [John] has the technical ability and also because he heard a lot of frustration from Black women that he knew were having a hard time finding a hairstylist, he put up the app. Later, we all met up together and had this excitement about Bantu.”

While there are other apps out there that aim to connect hairstylists and potential customers, Bantu’s creators noticed that there weren’t any apps that specifically engaged women with kinky, curly and coiled hair.

“Are there competitors in the marketplace now? Yes. And they’re not exclusively focused on the Black woman demographic either. And that’s where our unique edge is,” Meron said. “We’re focused on discoverability. We’re focused on promoting Black businesses. Specifically in the Black community, it’s very hard for us to find hairstylists, even when we know they’re out there.”

Read more on JetMag.com: http://www.jetmag.com/life/buy-black-bantu-app/#ixzz4O76sMVsV


Founders Kristoffer Adams and Ebonique Ellis create new business consulting firm

good

Nashville, Tennessee – October 9, 2016

Good Management and Investments has announced their opening to bring a new business consulting firm to service small and mid-size businesses in under-appreciated urban areas. Urban revitalization is bringing new lifeblood to America’s inner cities, while investors often miss opportunities to engage and preserve the diversity that first fueled the appeal of these areas. Good Management and Investments was conceived by Kristoffer Adams and Ebonique Ellis to help spur economic growth in areas that are either ignored by larger business consulting firms, or pushed toward gentrification that fails to respect the heart of the community. The partners bring a combined fifteen years experience in challenging the political status quo, experience that will serve the urban community in joining the entrepreneurial startup culture that is sweeping American cities.

Good Management and Investments brings to bear a whole-community philosophy that relies on more than business ventures to spur prosperity. Nonprofit organizations serve a key role in building up our communities; qualified nonprofit organizations will benefit from deeply discounted consulting rates. “We’ve realized that the best thing for business owners is to learn how to invest in their own community,” says GMI partner Ebonique Ellis, “Business owners need to be continually engaged in the needs of their community, and there is no better way than by charity and political activism.”

Today’s clientele demand good corporate citizenship from even the smallest of businesses, and business/charity partnerships are becoming commonplace. GMI will play a key role in forming these partnerships to benefit business owners, community organizations, and clientele. Good Management and Investments will prioritize both business growth and community revitalization.

Please send press inquiries to pr@gmiltd.us.

 


This Is Why Black Americans Must Demand Equality in the Auto Industry

There are nearly 47 million Black Americans living in the United States that have diverse interests politically, economically, socially, and culturally. But no demand or interest is more important than equal justice and opportunity in all areas, including the auto industry. Let me be crystal clear: There will be no peace without justice and there will be no justice without equality.

auto industry

Benjamin F. Chavis, Jr.

By Dr. Benjamin F. Chavis, Jr.

(President and CEO of the NNPA)

This point of view and reality check was put forth with therapeutic intellectual clarity at the 17th annual Rainbow PUSH Coalition Global Automotive Summit last week in Detroit, Michigan. Under the experienced leadership of Reverend Jesse L. Jackson, Sr., the global gathering of automotive industry executives, civil rights, business, media, and community leaders was an initiative of the Citizenship Education Fund.

Refocusing Diversity on Ethic Minority Growth

The theme of the auto summit was “Refocusing Diversity on Ethic Minority Growth.” Throughout the conference inconsistencies were highlighted between the goal of inclusion, as envisioned, and the results measured, with an intent to resolve the disparities that prevent Black Americans from participating fully and equally in the auto industry.

The National Newspaper Publishers Association (NNPA) was very pleased to participate in the Global Automotive Summit. The summit was timely and strategically informative. We were all reminded about the importance of not permitting ourselves to get diverted off course in our centuries-long struggle for freedom, justice and equality

(Read more…)


Black Entrepreneur Creates Trafek.com – An Online Marketplace Designed To Recirculate $1 Trillion Dollars Back In To Black Communities

Patronizing the Black community businesses is a great way of supporting Black entrepreneurs. The way of doing this is to find a way of spending on Black businesses. That’s why Fabian Scott, 28 years old, Black entrepreneur from the Washington, D.C. area decided to create an online marketplace (www.Trafek.com) designed for Black-owned businesses. Fabian comments, “This goes a long way to empower and strengthen our voice in any society.”

How He Went to Market

Fabian spent long days and nights developing the website on his own. Trafek is a marketplace and directory for black owned businesses in which visitors can choose to buy or sell products. Local businesses also have the option to be listed in the business directory on the website. It is well optimized for locating goods and services of your liking. People often complain that there are not enough black owned businesses. You will find all you’ve been looking for and more at Trafek. There are no sign-up fees or fees to list products.

“It was developed by the Black for the Black, so we understand ourselves and what we need. We left no stone unturned in its creation. Browse through our categories and see for yourself. Stop worrying of shops to patronize and enjoy your independence of choice,” Fabian mentioned.

Trafek isn’t the first site to offer this type of service. “If businesses gave up just because of the competition then our economy would be in the grave right now. There would be no jobs, no money, and poverty everywhere. Never give up on a dream or idea you have just because of competition. This same principle should apply to all businesses.” Fabian mentioned. Trafek offers its services all around the world. The seller chooses weather or not to sell in certain parts of the world. “We are global,” Fabian added.

(Read more…)


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Young Entrepreneur Program

The registration deadline is May 15, 2018.