Many people's New Year's resolution is to save more money or make more money. Before jumping into a side hustle or starting your own business, what are a few things you should think about? Brian Meiggs, Founder of Millennial Money Guide joins Cheddar to discuss how to not fumble through your first business.
Meiggs says there are three important things to ask yourself before you start a business. Are you self-directed? Are you disciplined? And are you persistent? These are the qualities to develop and improve upon as you create a business plan.
When it comes to deciding what type of business to start, some think it comes down to passion vs. profit. Meiggs says it doesn't have to. If you follow something you're passionate about, you're more likely to push harder and succeed. He says you want to be in an "evergreen niche" that already has a proven track record, high demand, lots of easy to find customers online, lots of websites, social media groups, and competition.
On this episode of ChedHER: Melissia Hill, Founder and CEO of Ooshie, breaks down the challenges of growing a business, and the rise of Black women entrepreneurs; Sandra Velasquez, Founder of Nopalera, explains why she turned down investors on Shark Tank, and what she looks for in investors; Freada Kapor Klein, Founding Partner of Kapor Capital, talks about ways to close the equity gap; Ashley Tyrner, CEO and Founder of FarmboxRx, is this week's female founder spotlight of the week.
Actor Keanu Reeves joined Cheddar News this week to talk about the fourth sequel project its place in the franchise and how filming John Wick has impacted his life.
Beyonce and Adidas agreed to end their 'Ivy Park' partnership, according to reports, amid a wave of rumors that the agreement didn't yield the expected results.
