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The black tech community takes over Disney World

 Blacks In Technology, LLC and the Blacks In Technology Foundation (BIT) hosts their 4th annual conference for Black IT professionals, entrepreneurs, gamers, and afro-futurists. Hundreds will descend on Disney World October 26-28, 2022.

The in-person conference will feature global brands, world class speakers and business leaders. Sponsors include Google, Disney, Northwestern Mutual, Bridgewater Consulting, Ally Bank, Block, TIAA, CapTech Ventures, Red Ventures, Intuit, ADP, Spotify, and many more.
The 50 plus speaker lineup will be led by writer, activist, comedian, and techie, Baratunde Thurston­, author of the New York Times bestseller How To Be Black and host of television series Lenovo Late Night I.T. and PBS’s America Outdoors.

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WeWork Joins Rush Of Tech Companies Into Office Software As Its Shares Sag

Nine months after going public, WeWork Inc. is hoping to boost its drooping share price by joining the growing number of technology companies selling apps, data tools, and other software to landlords and office tenants trying to adjust to the new world of hybrid workplaces.

The shared-workplace operator in July officially launched a service named WeWork Workplace, which includes the software tools that WeWork has been using to power its scores of locations. For the first time, WeWork is now offering these tools to all tenants regardless of WeWork membership.

WeWork executives say Workplace will help businesses lure workers back to offices by giving their employees an app with which they can do such things as book a conference room, post a company announcement or register for a yoga class.

Scott Morey, WeWork’s President of technology and innovation. That sea change in the workplace has created challenges that require digital solutions, he said.

In the early stages of the pandemic, tech companies raced to help businesses cope with health, safety and telecommunication systems as employees shifted almost overnight to working from home.

More recently, tech companies have been trying to help businesses and landlords deal with the slow reopening of traditional workplaces. Most businesses have adopted hybrid strategies combining office work and remote work that have required management teams to rethink conference rooms, design, security, scheduling, food, air quality, and other office needs.

Honeywell, meanwhile, has tried to capture market share with software such as People Counting, a tool that analyzes video from security cameras to keep a real-time log of how many people go in and out of the office.

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US Startup Surge Is Driven by Growth in Majority Black Areas

According to the Alliance for Entrepreneurial Equity, US entrepreneurial growth has been particularly strong since the pandemic. Particularly in areas where minority groups make up the majority of the population.

According to the AEE, from 2019 to 2021, majority of Black counties in America, saw a 103 percent increase in new business applications, compared to a 54 percent increase nationally. The organization is a collaboration between the center-left think tank Third Way and the civil-rights organization National Urban League.

According to the US Census Bureau, a record 5.4 million new businesses were formed in the United States last year as a result of a combination of economic necessity and increased support. According to the report, the disruption of how Americans live and work played a role in the entrepreneurship boom during the Covid-19 crisis.

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How to start a company with no money

Allow me to clarify things straight away. You cannot start a business with no money. I merely need to reach those for whom it appears to be the only alternative. A more appropriate title may be: It no longer takes an inheritance to launch a credible, high-growth firm. Because far too many people start the wrong company and fail as a result of their ill-prepared nature. First, you should start with a “No-code, Low Code,” policy. No-code and low-code solutions will assist you in centralizing your information around a single location, such as a website or a database. What can you integrate into your business model to keep it alive indefinitely until you identify one or more catalysts that can operate as growth accelerants?

For example, I can operate Teaching Startup “indefinitely,” or as long as entrepreneurs ask me questions that I or others can answer. It’s low-cost to run, it’s not my main source of revenue, and practically all of the “stuff” required to sell and deliver the “product” is automated using no-code and low-code.

You can also slowly expand your business. On paper, starting a machine is simple. Raise money, allocate it, then go raise more money, and so on till you exit. It’s far more difficult in practice.

A mission startup is an inverse. There is no one technique to scale growth, but once it is written down, it is much easier to apply and sustain.

It simply takes an eternity.

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How to choose a strong business name and amplify your brand.

A strong brand name should be distinct, easy to remember, and elicit some form of emotional response from your target clients. If you do not create a memorable and sustainable brand for your company, your brand identity will be swallowed up by the competitors.

Your startup will not be able to launch without a name. However, coming up with an excellent brand name can take some time. When it comes to name your company, there are two best options: You can either come up with your own name or use a company name marketplace.

Storytelling is an extremely effective tool. A story recounts events, places, and experiences to which others can relate. Your personal story is intertwined with your business. Consider your journey thus far and why you chose to start the firm.

Many businesses now have names that tell a narrative. For example, Robinhood, a financial services firm named after the legend of Robin Hood. Through commission-free investing, the organization focuses on the equitable distribution of wealth.

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Every startup wants an extension round, but there aren’t enough to go around

As venture capital funding continues to dry up, founders are scrambling to prolong their runways, regardless of how much cash they currently have on hand. However, the firms that require the most capital are having the most difficulty. To investors, it appears that everyone is in hard times. Founders are claiming that raising funds has become more challenging across the board, it appears that it is much more difficult for some than others.

Wa’il Ashshowwaf, co-founder and CEO of Reyets, a social justice app that helps individuals learn about their rights in various scenarios, believes it will be more challenging for innovators like himself who are aiming for more impact-driven storylines. He told TechCrunch that his company had three verbal commitments for bridge financing this year — prior to a formal round next year — but that all investors withdrew only weeks before checks were set to be made.

“Investors are responding to [startups] that are more sure bets than the ones that are early and unproven,” Ashshowwaf said. “For us in the impact space, the line between business and benefit corp or a social venture makes [the investment opportunity] a lot harder for them to digest rather than, say, manufacturing a widget.”

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FTC warns the AI industry: Don’t discriminate, or else

The Federal Trade Commission of the United States has just thrown a shot across the bow of the artificial intelligence business. On April 19, 2021, a staff attorney at the agency, which serves as the nation’s top consumer protection regulator, published a blog post regarding biased AI algorithms with the following warning: “Keep in mind that if you don’t hold yourself accountable, the FTC may do it for you.”
The post, titled “Aiming for truth, fairness, and equity in your company’s use of AI,” was notable for its tough and specific rhetoric about discriminatory AI. The author observed that the commission’s authority to prohibit unfair and deceptive practices “would include the sale or use of – for example – racially biased algorithms” and that industry exaggerations regarding the capability of AI to make fair or unbiased hiring decisions could result in “deception, discrimination – and an FTC law enforcement action.”

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How to scale your coaching practice from solo to team

Whether you’re interested in personal growth, executives, teams, or something different, becoming an effective coach takes time. And you’ve most likely spent a significant amount of time and money honing your trade. However, it is all worthwhile because working as a professional coach is highly gratifying. Nothing beats the satisfaction of using your skills, expertise, and experience to help others.

Consider Investing In Service-Focused Technology

Technology is the key to simplifying workflows and optimizing corporate operations. Coaches and their teams can collaborate from anywhere with the proper technology. Furthermore, activities such as billing, client contact, course authoring, session scheduling, and marketing can be fully automated and turnkey. Scaling your business becomes easier when you have more time in your day and a wider network to draw on.

Communicate, Connect And Network

An advantage of broadening your network is that it makes it easier to find new talent. Coaches who break away from their solo practices and connect with like-minded professionals stand to gain a lot. Fortunately, technological improvements are assisting coaches in broadening their horizons by providing them with means to share knowledge and experiences, as well as connect with their colleagues online. These online and social media channels enable coaches to improve their team-building abilities. Never before has it been easier to communicate with people from all over the world.

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Embarking as a Solopreneur? Here’s what you need to know

Solopreneurship promises a lifestyle for you to be your own boss and get the full benefits of your efforts. The first benefit is flexibility,  you will have more control over your working hours and can achieve a better work/life balance. 

The second and most incentivizing benefit is the earning potential. Solopreneurs have a significantly larger earning potential and can swiftly enhance their own income by bringing in new clients. The third one being, YOU CAN DO IT ANYWHERE! Solopreneurs can work and travel at the same time, unlike employees, who must request time off and are generally limited to only two or three weeks of vacation per year. 

Since the COVID-19 pandemic began and offices across the country were closed, this option has become even more appealing.

These, being a Solopreneur is easy and the internet has a lot of the tools that you need at its disposal.

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How startups are dealing with the hardest fundraising climate in more than a decade

Cloud stocks were already down 40% from their 2021 highs when Cube CEO Christina Ross launched fundraising efforts for her financial planning software business in February. They have a lot more to drop in the coming months. When Cube launched its $30 million Series B round in mid-June, the broader market was about to have its worst first quarter in 50 years, led by a drop in high-growth tech equities, which had been the top outperformers in the Nasdaq Composite’s ascension to a record in November.

The private funding market tends to lag behind public stocks, providing venture investors time to modify their exit price expectations. However, the transition is now complete.

The IPO market’s suspension has effectively halted pre-IPO rounds, and the sharp decrease of software multiples has stymied private deal flows. Companies are doing everything they can to avoid the dreaded down round, which is funding that is worth less than the preceding round. Ross, who started Cube in 2018, anticipated that any valuation today would fall far short of the bubbly days of 2020 and 2021. However, she was also aware that many of those high-priced deals had produced an albatross for the receivers, who now face a financial burden and gloomy reality.

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