Wharton School of Business, one of the top Ivy League institutions in the world is offering free courses to the public -- if you want to learn about business management, marketing and finance, hop on it.

Just a quick post to notify my sisters and anyone interested that Wharton School of Business at the University of Pennsylvania is offering free courses, including lectures and materials to the public. The course material covers some of the same topics that are taught to MBA students at the school. (Hat tip to the For Black Women ONLY for the info.)

If you're seeking more knowledge and lessons on how to manage, market and finance a business, follow these instructions:


"Enrolling in the free track takes just a name, an email, a password, and agreeing to Coursera's honor code."

Read more: http://www.businessinsider.com/wharton-online-mba-courses-2013-9#ixzz2fwes0iAc


The other day I was waiting in line at Starbucks to get a coffee and saw a sign that said "Create Jobs for USA." I asked the clerk what it was about and she gave me a pamphlet that described the program. 

I then logged on today to BlogHer and saw that they were also promoting this Create Jobs for USA program.

Basically, a $5 donation at Starbucks and other participating stores will go toward helping small community entrepreneurs borrow the funds they need in order to get a business started.

Hopefully I'm describing the concept correct, but basically you donate your $5 and receive a unique wristband in return. Then a CDFI (Community Development Financial Institution) provides an additional $30 to go along with your donation. That $35 goes into the community for lending to small businesses, affordable housing programs, real estate program, funding micro-enterprises and helping community-based non-profits. 

The money is repaid by borrowers 98 % of the time and then can go toward helping another entrepreneur or community association grow.

So according to the program every $3,000 donated generates $21,000 which is enough money to create one job. So we all help each other out. 

It could create a job for you or someone you know. It could provide you as a small business owner with the funds you need to grow your business.

The first thing I thought when I read the pamphlet was "where do I get one of these wristbands!" Because it sounds like an amazing idea. You have to wait until November 1, 2011 (that's tomorrow) to buy one at Starbucks.

On Our Own But We're In This Together
Let's face it people, whether you're a classy black lady or an American or any other cultural background: we're on our own!

Corporations aren't motivated to create jobs right now because it doesn't maximize their profitability. They're more motivated to hire in countries where people are happy to work for the equivalent of $1 to $2 an hour. That is the real reason why the American unemployment rate is sky-high.

In my opinion, the only way that we as Americans can pull ourselves out of this recession and jobs crisis is to:

1) Create our own jobs (entrepreneurship)
2) Support small local businesses instead of corporations
3) Bank at credit unions and other small local banks that support the community

Over the past few decades America has become so dependent on corporations and banks that we find ourselves in the situation we're in now. But we can turn it around.

Starbucks' Create Jobs for USA wristband 
Imagine an America where we return back to good old fashioned values of working hard, being happy, supporting your family and supporting each other.

The wristband that you get when you donate at Starbucks says "Indivisible." That pretty much says it all -- we must stand together.

I think this movement is a great start and I hope that you'll support the Create Jobs for USA cause. Visit the website at CreateJobsforUSA.org for more information (you can also donate $5 online) and don't forget to buy a wristband at Starbucks starting on November 1, 2011.



Young classy black ladies in college -- please don't graduate regretting your college debt and decisions. Think ahead starting now.

I was recently reading an article published by The New York Times (Placing the Blame as Students Are Buried in Debt by Ron Lieber). I feel that this is an extremely important issue to discuss here on the Classy Black Lady blog.

The article asks who's to blame for exorbitant student loan debt. But regardless of who is at fault, you, the college student, are the only one who can make it stop.


Young black ladies in college, this article is especially targeted for you. I was once in your shoes. I got caught up in the hype of going to the best college possible (which I did for my major) but I was not looking at the bigger picture coming from a  middle class family.


College is 4 years of fun and new experiences, but one May day all of that excitement will end. You're going to have to face the real world and all the debt you've accumulated over those 4 years.

  • That student loan debt will prevent you from getting further loans. So if you're thinking of starting your own business and applying for a small business loan, forget it. No creditor is going to want to take that type of risk if you're carrying around $50,000 or more worth of debt. 
  • Thinking about buying a home instead of continuing to rent (more throwing money down a hole)? Good luck getting a mortgage loan when they add your student loan debt into your debt-income ratio to see if you qualify.
  • In the past, credit card companies would extend you credit even though you have a large amount of debt, but nowadays that's just not so in many cases. Even if you have a high credit score.  
  • Thinking about financing a new car to celebrate your graduation? If you are approved for a car loan, you might be faced with an exorbitant interest rate of 13% or more thanks to that very expensive piece of paper (your degree).
  • You could find yourself in a constant forebearance/deferment cycle that will cause you to accumulate even more interest over your life due to your student loan.
  • With the current job market, many college graduates are finding themselves with this huge college debt bill and no income. How is that supposed to work out?

When you find yourself in this situation, where will your college be in all of this? Recruiting a fresh new group of "suckers" to fund the business. Because that's all that a college is sweetie, a business like any other.


Not only that, but many colleges even go so far as to ask former students to DONATE to their coffers.

So What Should You Do About It? 


In the face of this wake-up call that so many young people do not receive from their parents or colleges, I have a few suggestions. I'm not telling you to quit college outright, but you still have time to make some better choices.


Hindsight is 20/20. So here are my suggestions to you, young classy black ladies in college:


- Stop using credit cards. If you were lured into a credit card arrangement when you first came to college, cut it up now and get a job to pay your expenses. Trust me on this one--that college credit card can haunt you for decades.


- Transfer/Go to a less expensive college in your home state. Don't look at this as failure--this is a SMART decision that SMART people make. State colleges give you more grants and are cheaper. Don't believe the hype that going to an expensive college automatically equals a better job when you graduate like I did. IT DOESN'T. If you're thinking about going to college, consider going to a community college for 2 years then transferring to a regular college for the remainder of that time to save money.

- Avoid taking out side loans to pay your expenses. Some companies will offer you additional loan funding while you're in college to help you with expenses, and your financial aid office might even refer you to them! Say no, and struggle a bit. It is only 4 years. Get a job if you need to. Remember why you're in college--not to shop, style and party, but to get an education that will propel you to a well-paying job. Would you rather shop, style and party freely for 4 years or for as long as long as you want after spending responsibly in college?

Read the full article by Ron Lieber on the life of a student buried in debt after college here to see what's in your future if you continue to take out more and more college loans.




Young classy black ladies in college -- please don't graduate regretting your college debt and decisions. Think ahead starting now.

I was recently reading an article published by The New York Times (Placing the Blame as Students Are Buried in Debt by Ron Lieber). I feel that this is an extremely important issue to discuss here on the Classy Black Lady blog.


The article asks who's to blame for exorbitant student loan debt. But regardless of who is at fault, you, the college student, are the only one who can make it stop.

Young black ladies in college, this article is especially targeted for you. I was once in your shoes. I got caught up in the hype of going to the best college possible (which I did for my major) but I was not looking at the bigger picture coming from a  middle class family.

College is 4 years of fun and new experiences, but one May day all of that excitement will end. You're going to have to face the real world and all the debt you've accumulated over those 4 years.

  • That student loan debt will prevent you from getting further loans. So if you're thinking of starting your own business and applying for a small business loan, forget it. No creditor is going to want to take that type of risk if you're carrying around $50,000 or more worth of debt. 
  • Thinking about buying a home instead of continuing to rent (more throwing money down a hole)? Good luck getting a mortgage loan when they add your student loan debt into your debt-income ratio to see if you qualify.
  • In the past, credit card companies would extend you credit even though you have a large amount of debt, but nowadays that's just not so in many cases. Even if you have a high credit score.  
  • Thinking about financing a new car to celebrate your graduation? If you are approved for a car loan, you might be faced with an exorbitant interest rate of 13% or more thanks to that very expensive piece of paper (your degree).
  • You could find yourself in a constant forebearance/deferment cycle that will cause you to accumulate even more interest over your life due to your student loan.
  • With the current job market, many college graduates are finding themselves with this huge college debt bill and no income. How is that supposed to work out?

When you find yourself in this situation, where will your college be in all of this? Recruiting a fresh new group of "suckers" to fund the business. Because that's all that a college is sweetie, a business like any other.

Not only that, but many colleges even go so far as to ask former students to DONATE to their coffers.


So What Should You Do About It? 

In the face of this wake-up call that so many young people do not receive from their parents or colleges, I have a few suggestions. I'm not telling you to quit college outright, but you still have time to make some better choices.

Hindsight is 20/20. So here are my suggestions to you, young classy black ladies in college:

- Stop using credit cards. If you were lured into a credit card arrangement when you first came to college, cut it up now and get a job to pay your expenses. Trust me on this one--that college credit card can haunt you for decades.

- Transfer/Go to a less expensive college in your home state. Don't look at this as failure--this is a SMART decision that SMART people make. State colleges give you more grants and are cheaper. Don't believe the hype that going to an expensive college automatically equals a better job when you graduate like I did. IT DOESN'T. If you're thinking about going to college, consider going to a community college for 2 years then transferring to a regular college for the remainder of that time to save money.


- Avoid taking out side loans to pay your expenses. Some companies will offer you additional loan funding while you're in college to help you with expenses, and your financial aid office might even refer you to them! Say no, and struggle a bit. It is only 4 years. Get a job if you need to. Remember why you're in college--not to shop, style and party, but to get an education that will propel you to a well-paying job. Would you rather shop, style and party freely for 4 years or for as long as long as you want after spending responsibly in college?

Read the full article by Ron Lieber on the life of a student buried in debt after college here to see what's in your future if you continue to take out more and more college loans.



I want to help inspire black women to start their own businesses. Despite what many corporations would like us to believe, you simply can't achieve true long-term job security by working for someone else. Create your own job security by starting and building a successful small company.

Visit this section of the ClassyBlackLady.com website frequently for tips, advice, helpful websites, and knowledge about starting your own business as well as basic career management information.

Press CTRL + D on your keyboard to bookmark this section automatically!

Love

Tabby