Monday, March 29, 2021

EFFECTS OF COVID-19 ON FEMALE BUSINESS OWNERS

 COVID-19 has been harder on women business owners. These 11 resources can help!

From offering grants to gathering resources, many organizations have mobilized to support female entrepreneurs during the global pandemic.



For years female entrepreneurs have fought for their seat at the table, collectively marching from secretary desks to C-suites. In 2019, American Express reported that majority women-owned businesses made up 42% of all businesses, employing 9.4 million workers—up from just 4% of businesses and 230,000 workers in the 1970s.

And for years small businesses have been the engine fueling female entrepreneurs’ rise, as 99.9% of women-owned businesses employ fewer than 500 staffers.

Now the coronavirus pandemic threatens to undo much of that progress in a matter of months.

With COVID-19 wreaking havoc on the economy, a recent poll from the U.S. Chamber of Commerce showed that 24% of small businesses are less than two months away from shuttering permanently, and 11% are less than one month away. And according to American Express, many women-owned businesses work within industries most vulnerable to COVID-19 devastation. Roughly 22% of all women-owned businesses are hair salons, nail salons, and pet groomers, and women also own 16% of the hospitality and food service sector.

These women are in need of emergency funding. But the federal Paycheck Protection Program, which offers $349 billion in loans to small businesses, was running on empty as of yesterday—and if the program sputters, female entrepreneurs, who have historically faced difficulties securing capital, will be left with even fewer options.

“Women tend to have less of a track record with banks,” Laurie Fabiano, president of the Tory Burch Foundation, explains, “because women tend to borrow less than men. Most of them don’t have a banker on speed dial.”

The Tory Burch Foundation is one of many organizations that have mobilized to support female entrepreneurs during the pandemic, in ways ranging from resource gathering to professional mentorship to COVID-19-specific funding.

If you need help, start here:

TORY BURCH FOUNDATION

The foundation’s website has transformed into a resource hub for women-led small businesses during the COVID-19 crisis, spanning guides on applying for loans to managing cash flow to handling childcare during the pandemic.

“Navigating the information online is a labyrinth of a job” that many business owners don’t have bandwidth for, Fabiano says, so her staff spent weeks scouring the internet for the top resources, pulling together hundreds of links and also creating content. “We can help people know what to do,” she says.

The foundation is also hosting a webinar on stimulus funding.

BUMBLE COMMUNITY GRANT

The female-friendly app is offering 150 grants of up to $5,000 to small businesses impacted by COVID-19. To apply, log on to the app and use any mode to match with the Bumble Community Grants profile.

COVID-19 BUSINESS FOR ALL EMERGENCY GRANT

Hello Alice, a machine learning company founded as a women’s virtual accelerator, is offering immediate $10,000 grants to small businesses, supplied by Silicon Valley Bank, the eBay Foundation, and other partners.

IFW COVID-19 RELIEF FUND

IFundWomen, a crowdfunding platform, is giving micro-grants to women-run businesses, issued on a rolling basis. “Start a campaign” to be considered.

FACEBOOK SMALL BUSINESS GRANTS PROGRAM

Of the $100 million fund, $40 million in grants is set for 10,000 U.S.-based small businesses. And of those, Facebook said it’s “prioritizing 50% of grants to eligible minority, women and veteran-owned businesses.”

Applications open by location, with an upcoming round in New York and Seattle on April 18. Check the website to see when your location opens.

RED BACKPACK FUND

Backed by billionaire Spanx founder Sara Blakely, whose “lucky” college book bag inspired its name, the $5 million fund is donating $5,000 grants to 1,000 female entrepreneurs. The fund is accepting applications in cycles starting on May 4, June 1, July 6, and August 3. Sign up to be notified of these dates.

VERIZON SMALL BUSINESS RECOVERY FUND

Verizon joined with the Local Initiatives Support Corporation to offer as much as $5 million in grants of up to $10,000 each to small businesses, “especially entrepreneurs of color, women-owned businesses and other enterprises that don’t have access to flexible, affordable capital.”

Its next round of applications starts mid-April. Register to stay updated.

SHEAMOISTURE COMMUNITY COMMERCE FUND

The beauty brand announced a $1 million campaign to support minority business owners. While the fund’s grant applications appear closed, women of color entrepreneurs can still enroll in an e-learning lab to “gain education, access to resources, mentorship, and advice on how to prepare for the economic downturn” from Sundial Brands, Unilever, and Dartmouth’s Tuck School of Business.

ASSISTHER EMERGENCY RELIEF GRANT

Texas Woman’s University is offering $10,000 grants to women-run businesses in Texas. The funds are intended for “technology upgrades or other items needed to change or adapt your business model,” but should not be used for “payment of sales tax and payroll, advertising, purchase of food for consumption, penalties and fees, and charitable donations.”

ANONYMOUS WAS A WOMAN EMERGENCY RELIEF GRANT

Anonymous Was A Woman and the New York Foundation for the Arts are offering $250,000 in grants of up to $2,500 apiece, to women-identifying visual artists over the age of 40.

VISA FOUNDATION

The Visa Foundation pledged $200 million over five years, to be distributed in $60 million grants to NGOs that support small and micro businesses worldwide, with a focus on women’s empowerment.

“When women thrive, communities thrive. We know this matters now more than ever as the global economy seeks to recover and rebuild,” Visa said. It has not yet publicized which NGOs will participate.

Tuesday, March 23, 2021

unwritten rules

 What are some unwritten social rules everyone should know?


Dress well no matter what the occasion.

Always carry cash

Listen, nod and most of all make eye contact.

Show restraint in expressing anger, no matter what. 

Being angry is a waste of energy.

Whether it’s dinner, drinks or both, avoid placing your phone on the dinner table.

Never pose with alcohol.

Ask more than you answer.

Proper grammar will get you far in life. Leave the foul language for the less educated.

You can tell a great deal about a person by their handshake, so make yours strong and firm.

Speak honestly.

 Say what you mean and mean what you say.

the biggest mistake people make everyday is to be polite to strangers and too harsh for close people.

read more, go out and walk more than you will get more than staying at home and dreaming.

Eat carefully when eating, work hard when working, people do not have three heads and six arms, and 

they can not separate themselves.

 It's no use to be in a hurry, and it's done one by one. To do everything with a firm heart is the king

MUSIC FROM MI2 CLICK HERE:

Friday, February 12, 2021

A Stories to fuel your mind

 


                                                   A Stories to fuel your mind.

                          I Made One Simple Financial Change and It Lowered My Spending

                   After reporting on personal finance, I used behavioral economics on myself.





A few years ago, when I was reporting a story on personal finance, I became fascinated by a concept that behavioral economists call the “pain of paying.” The phrase refers to the psychological discomfort experienced when parting with one’s money, and it varies by medium: At one extreme would be painstakingly counting out each penny at the register (a high pain of paying, because of how tactile the transaction is), and near the other would be credit cards (which, by postponing payment and offering rewards programs, ease the agony of depleting funds).


A lower pain of paying feels nicer, but it also tends to lead to higher spending—as research indicates credit cards do. As I familiarized myself with that research, I viewed the plastic rectangle in my pocket with increasing wariness (though, it should be noted, credit cards increase spending much less if one pays off the balance in full each month, as opposed to carrying debt and racking up interest payments and fees). “The overspending induced by a credit card will, except in tandem with the most un-fun, disciplined rules, outweigh its perks,” I wrote at the time.


As a matter of fact, after writing that piece I came up with just such an un-fun, disciplined rule and applied it to my own spending—and it has mostly worked. The rule is simple: After I buy something, I log the transaction on my phone, recording the price and what I bought. The idea is to increase the pain of paying, especially with a credit card, by forcing myself to take note of what I’m spending.


Looking back at my bank-account statements from the past few years, I can see that my monthly discretionary spending dropped somewhere between 10 and 15 percent in the five months after I introduced this system. The trends are a bit hard to track with any statistical certainty—spending varies month to month for all sorts of reasons—but I did, in the early days, find myself forgoing certain transactions, for instance, opting more often for a bus over a ride-hailing service.1


Perhaps the more definitive success of my system is the fact that, even as I have begun to earn more money, my monthly spending has remained more or less the same—a fact that I attribute in part to the increased clarity of my cash flow. (I also track my weekly spending in spreadsheets, which probably helps too.) Another benefit of keeping a ledger is that it alleviates the credit-card-induced stress of knowing that money will come due but not knowing exactly how much is owed until the bill arrives; in this way, my system adds some short-term pain but alleviates a longer-term discomfort.

Adornia

Now that I’m almost three years into following this rule, I talked to some personal-finance experts to see what they’d make of it, and if they thought it might work for others. Dan Ariely, a behavioral economist at Duke University, was a fan. “Making a list of spending is very useful,” he told me, and said I’d successfully devised a way to increase my pain of paying.


He did, however, mention a few ways that my system could be improved upon. Recording the transaction “after the fact is one thing, but doing it before is probably the right approach,” he said, because then it’d more directly affect the decision to buy something. He noted that a theoretically ideal system would entail logging, say, every item in one’s cart at the grocery store individually, but acknowledged that in practice this would not be ideal.


Another thing to consider when making spending decisions, Ariely says, is what one could be buying instead with the same money. For instance, he suggested setting up a rule like, I’ll set aside some money each week, and every nonnecessity I buy will come out of that, but at the end of the week I get to spend the remainder on a nice dinner. There’s always a trade-off between buying something now and buying something else later, but making it explicit in this way could help inform purchasing decisions.


But in the end, Ariely’s advice was to just use a debit card. “Credit-card companies, sadly, don’t have the interest to reduce the pain of paying,” he says. (Unfortunately, though, in the U.S., opting out of credit cards entirely presents other serious disadvantages—having good credit tends to increase the likelihood of approval for, and lower rates on, loans.)


George Loewenstein, another behavioral economist I talked to, was not as encouraging as Ariely. When I asked him what he thought of my system, he said, “I would say it’s neither effective nor efficient.”


It is ineffective, he says, because it focuses on the wrong type of transaction. “The average person, in my view, a lot of the overspending they do isn’t in the small things, which your system is likely to deal with,” he said. “But it’s large things that are often quite invisible, and wouldn’t be picked up by your system.” There are usually more savings to be had from revisiting one’s auto- or home-insurance policy, or one’s phone bill, than from skipping the marginal cup of coffee. Loewenstein said it’s more effective to make changes with larger “one-time decisions,” instead of regularly having to make “all these micro-decisions.”


And my system is inefficient, Loewenstein says, because it unnecessarily heightens the pain of paying on a lot of transactions that I’d go through with whether my system were in place or not. “Yes, it might lead people to make fewer unnecessary small and medium-sized expenditures, but a big purpose of spending money is to enjoy it,” he said. (He did, however, add that using my system temporarily might help draw attention to any “mindless” spending.)


When I talked to Harold Pollack, a professor of social-service administration at the University of Chicago and a co-author of The Index Card: Why Personal Finance Doesn’t Have to Be Complicated, he also talked about the connections between enjoyment and spending. The conventional way of thinking about budgeting, he says, usually “puts a lot of blame on people when they’re spending money on things that give them pleasure. There’s a sort of puritanical aspect, like, I caught this person going to Starbucks.” He continued, “I think the real goal of budgeting is to make sure that you’re spending your money on the things that are the most valuable and enjoyable for you.” He also made the point Loewenstein did about “big-ticket items,” but said he thinks my system is a good way to make sure someone’s nonessential spending goes toward things they enjoy.

Send Flowers at 1-800-FLORALS

Hearing all this feedback about my personal-finance system made me a bit discouraged about the dynamics that shape spending. On one side of each credit-card swipe are multiple financial corporations—a phalanx of marketers, programmers, and data analysts who have perfect visibility into countless transactions, and who are thus armed with plentiful information about people’s purchases. On the other is the individual, who lacks this bird’s-eye view and is effectively on their own as they weigh whether and how much to spend at any given time. This arrangement seems lopsided and unfair, and it’s disheartening to think that the system I designed to overcome it was something I only arrived at because it was my job to read behavioral-economics research.


Pollack agreed about the system’s lopsidedness, but noted, “A lot of the problem is us … We tend to blame the credit-card industry for our own desire to have a standard of living that is beyond what our income is. You can’t blame Visa for that.” He said the focus should be on norms, and how individual action can alter them—maybe two friends cook dinner together instead of going out. The goal, Pollack says, would be a culture that prizes restraint without being puritanical.


It is a lovely vision, but I have my doubts. What would create such a culture? There is the Consumer Financial Protection Bureau, which (in theory) provides high-level government oversight, and there are small individual actions (like, say, meticulously tracking one’s purchases), but there isn’t something in between—a powerful advocacy group, a mainstream cultural movement, or something else not yet built or imagined—that serves as a counterweight to the pressure on Americans to spend. Personal-finance apps and financial coaches probably help a bit, but it’s unclear what something bigger might look like.


Meanwhile, companies are only getting cleverer—Amazon, for instance, in 2018 opened a retail store in which customers can pay for their purchases by simply walking out of the store with them, thanks to a system of cameras that notes what came off the shelf. In other words, regardless of whether consumers are thinking about it, paying is only going to get less painful. And the less it hurts, the more people spend.

BY ;
    Joe Pinsker

Sunday, January 31, 2021

Gourmet Adagio Teas

 



Adagio Teas began with the desire to introduce customers to an array of gourmet hand-picked, whole-leaf teas and herbals. Many tea drinkers were accustomed to having low quality bags filled with tea dust as their only option. It has been our mission to bring tea lovers in all corners of the United States and Canada fresh seasonal teas with abundant flavor and intoxicating aromas that will delight them daily and, according to Alexa Research, we are the number one online destination for tea!

 Perfectly brewed tea at the push of a button. The kettle will heat water to an ideal temperature and then steep the leaves for an ideal duration.

To place you select order click here. for kettle.

This line for special blends of teas, CLICK HERE. 



Thank you, there is much more to come.


Monday, January 18, 2021

APEX FOOT WEAR

 Apexfoot.com specializes in providing relief from foot pain. Apex Foot Health has been manufacturing comfortable, supportive and health-conscious shoes for over 50 years. Apex shoes are designed by foot health experts. With thousands of doctors recommending Apex shoes day in and day out.  

Shop Apexfoot.com Now Shop Winter 2021 and Get 15% OFF + Free Shipping. Coupon code: AFF15PSM Can't be combined with other offers.



Woman shoe 






















Shop Apexfoot.com Now Shop Winter 2021 and Get 15% OFF + Free Shipping. Coupon code: AFF15PSM Can't be combined with other offers.

Saturday, December 26, 2020

ANNA VIRGILI LADY'S HAND BAGS



 Anna Virgili Group is present in 22 stores in Europe and online 

in the United States. Our story started in 1988 in the charming 

seaside city of San Benedetto del Tronto, Italy. With a small 

family-run boutique, Ms. Anna. Dedicated to offering the best in 

leather goods and impeccable service; a brand mission that 

drives the organization to this day. As a result, the Anna Virgili 

Group has become a leader in hand made Italian leather goods 

around the world.


Diamonds aren't the only ROCK that girls love, shop now to see the Rock collection from Anna Virgili!



        
                       Gentlemen, she will be your for this gift.


SMALL LILIA LEATHER HANDBAG – MULTI BLACK

Agnese Leather Backpack RED,BLACK, BORWN, GREEN

Wednesday, December 9, 2020

ALLOY APPAREL'S "FOR TALL GIRL'S & WOMEN"

  STYLE TIPS FOR TALL WOMAN; 1. Wear skinny jeans. Skinny Jeans are your best friend, they not only elongate your torso, they are the perfec...