Money Sex Gen X Money Sex Gen X - Podcast

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I. Intro


II. Why this topic is important? 1 in 5 businesses fail in the first year. And some of the main reasons are not properly researching he market, not enough financing, poor marketing, not understanding key trends and not having the right people on your team.


III. What is a business plan?


A business plan is a comprehensive document that outlines your business's objectives, strategies, financial projections, and more. It's a roadmap that guides your business's growth


IV. What’s in a business plan?


Problem statement (Innovation), Marketing (including research), Financing


V. Conclusion


VI. CTA-If you need a business plan, MSG hosts can assist. Big Stew co-owns an AI website generator called Plannit AI https://plannit.ai/ .  Eric McLoyd owns a consulting company that assists emerging small businesses with business plan development (https://www.productiveleaders.co/your-cfo-fractional-cfo).
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In this episode, we discuss what Chat GPT is, the best way to get good responses and specific ways we can all use it to control our finances better. We also provide some guidance about being aggressive when using Chat GPT and how to use it to assist your work with a financial professional.
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MSG’s host Eric went to a Howard vs Northwestern football game on Sunday. He had the audacity to wear his Kellogg Northwestern business school cap.  In so many words, he was told by his family that he was not Pro-Black. Was his family right?
Follow MSG on IG @https://www.instagram.com/moneysexgenx/
Subscribe to us on YouTube at https://www.youtube.com/channel/UC8ZPj-9gwrEMiNpglZnzayw

Follow MSG on IG @https://www.instagram.com/moneysexgenx/
Subscribe to us on YouTube at https://www.youtube.com/channel/UC8ZPj-9gwrEMiNpglZnzayw

Title: Capital 4 the Culture: Crowdfunding Essentials for  Entrepreneurs


I. INTRO
Partner in podcasting, my brotha from
Anotha, AI mogul in the making (check out plannit AI) the Rashaeed Wallace of podcast knowledge -BIG STEW!


II. What is  crowdfunding?
Crowdfunding is the raising of small amounts of capital from a large number of individuals to finance a new business venture.


It is also used to finance things such as funerals, non profit programming, tuition, etc. (church donations on Sunday are form of crowd funding)


Stew have you ever crowd funded?
III. Actual Factuals:
The average success rate of any Crowdfunding campaign is 22.4%. If a crowdfunding campaign includes a video, it is more likely to earn 105% of funding than those without a video. If a campaign raises 30% of its goal within the first week, it is more like to gain funding as expected.


https://www.enterpriseappstoday.com/stats/crowdfunding-statistics.html#:~:text=The%20average%20success%20rate%20of,to%20gain%20funding%20as%20expected.


Crowdfunding Statistics: Overview. $17.2 billion is generated yearly through crowdfunding in North America. Funds raised through crowdfunding grew 33.7% last year. There were 6,455,080 worldwide crowdfunding campaigns last year.


https://www.fundera.com/resources/crowdfunding-statistics#:~:text=Crowdfunding%20Statistics%3A%20Overview,worldwide%20crowdfunding%20campaigns%20last%20year.


IV. 3 types of crowdfunding:
Reward based, donation based and debt based, equity based
https://www.thebalancemoney.com/a-guide-what-is-crowdfunding-985100
V. Pros and Cons
https://www.hubspot.com/startups/crowdfunding-pros-and-cons#:~:text=For%20startups%2C%20crowdfunding%20offers%20many,connections%20with%20your%20target%20audience.
V. Sites for people of color / women
https://www.womenandminoritybusiness.org/crowdfunding-for-women-or-minority-businesses/
VI. Outro











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