In order to make the appropriate projections and decisions, business owners need a solid understanding of how fluctuations in the economy might affect their business, as well as know how to view the current economic situation. In today’s episode, economist Guyesha Blackshear joins host Corey L. Townsend for a conversation about rates, inflation, and the economic climate concerns underlying all the latest news. She began her undergraduate career with a dual major in engineering and chemistry. However, after getting a taste of a microeconomics course, she knew that’s where she’d really thrive. The world is in a state of constant flux, so it can be challenging to provide a direct response regarding any long-term projections about the state of the economy. However, this is precisely why economists like Ms Blackshear examine historical data. She spends her days analyzing historical data, identifying patterns, and exploring the cause and effect of certain economic indicators in an effort to formulate an economic forecast for the future. Lately, as new economic data is published every day, forecasts have been adjusting quickly in response. Due to the most recent economic instability, business owners will need to determine when and how to make adjustments in response to rising costs, particularly those who are in need of supplies. To compensate for economic changes, sometimes businesses have to adjust employment strategies or policies, source suitable replacements, or pivot the services they offer. It’s up to each entrepreneur and CEO to be open to fresh strategies for maximizing the knowledge and experience they have gained in their industry.

In this episode, listen for:

Michigan's RSQE survey - Research Seminar Quantitative Economics forecast which is a survey where they predict the US economic outlook up until 2060

Consumers’ purchasing trends reflect they value services rather than goods

Guysesha’s prediction over the next 3-5 years for the housing market

Must-listen Moments:

[00:02:57] Guyesha explains what the day to day work looks like as an economist

[00:06:42] What's going on with the current economic environment and the cost of living

[00:16:00] Perspective on what the unemployment rate really means

Find and connect with Guysesha Blackshear:

https://www.linkedin.com/in/guyeshablackshear/

https://thejunioreconomist.com/about/

https://www.instagram.com/thejunioreconomist/

Thank you for tuning into the The Source Capital Podcast ™ where we talk entrepreneurship, business, and how to get financing to fund your business goals.

You’re invited to follow me, Corey L. Townsend on Instagram at www.instagram.com/yoursmallbusinessbanker

Email any questions you have to me at info@yoursmalbusinessbanker.com

And learn more about small business loans at www.yoursmallbusinessbanker.com

Savanna joins me today as we discuss her journey toward having her own business as a life coach. In her previous career, she worked in international development, followed by fundraising for national and local charities, raising hundreds of thousands of dollars to assist in fulfillment in the missions of these organizations, which work with disabled people, homeless youth, and people living in extreme poverty in countries all over the world, among other causes.

She didn’t know what she wanted to do before she became a life coach, but was certain she wanted to be driven by a higher purpose. Savanna wanted to contribute and know she had a positive impact on at least one person’s life. She hired a coach for herself because she needed to make adjustments and believed she could make those changes.

Realizing the impact it had on her, she realized she could do the same for someone else. Her journey began as a high school student, where she was involved in a variety of extracurricular groups, including a study-abroad program.

After a horizon-expanding experience in Bolivia, she became firm in her desire to be part of something larger and have a positive impact on the community.

In this episode, listen for:

It doesn’t matter how much financial capital you have, it's more about mindset to have success

Savanna shares what she wants her future to look like and how it’s already growing

What has changed her perspective about the future because of the word of the year and why others should choose one for themselves.

Must-listen Moments:

[4:33] Savanna describes what international development is and how she got involved with it

[9:30] She discuss how she ended up hiring herself a coach and what lead her to start her own entrepreneurial journey of becoming a life coach

[20:21] Resilience is a one of the biggest traits which every entrepreneur should have and can develop

Working with a wide range of people, but she concentrates on entrepreneurs and high achievers in particular. When working with entrepreneurs, she can assist them in gaining confidence in their ability to start and maintain a successful business.

When dealing with high achievers, she can assist them in calming the anxiety that emerges, working with their self doubt and fear, productivity in the sectors in which they work, and feeling confident in the connections that they have with others.

She wishes to assist people throughout their achievements and help them refrain from overthinking while taking action. Every thought you have might potentially be dismissed or forgotten, simply because fear of judgment or rejection has the power to hold you back. Having the internal resilience to navigate those emotional experiences and still bring thoughts and goals to fruition, even in the face of fear, will help you become successful.

Connect with Savanna: https://confidencewithsavanna.com/ https://www.instagram.com/confidencewithsavanna/

Thank you for tuning into the The Source Capital Podcast ™ where we talk entrepreneurship, business, and how to get financing to fund your business goals.

You’re invited to follow me, Corey L. Townsend on Instagram at www.instagram.com/yoursmallbusinessbanker

Email any questions you have to me at info@yoursmalbusinessbanker.com

And learn more about small business loans at www.yoursmallbusinessbanker.com

Vijay Kailash has been an advocate of financial literacy for the better part of the last 15 years. Since middle school, he had an entrepreneurial, money-creating mindset, which has continued throughout his life. 

Even after he followed through on his plans to attend college and earn his degree, he knew that working in the corporate world was not what he wanted to do long term.

During this episode, I sit down with Vijay Kailash, a serial entrepreneur who as early as middle school, began his first money-making endeavor teaching music lessons.  

Vijay shares his story about the “business” he created while competing in DECA in high school, which is an association for marketing students where they learn how to grow their business, which ultimately revealed to him his real passion - numbers. 

He could have gone to Wall Street after college, but he recognized he wouldn’t be able to pursue his dream of working for himself there. He got a job at PNC bank while he continued to learn and trade on the side.

He left his full-time position and officially opened the doors to his own hedge fund and option trading firm at the start of this year (2022). Listen in as he explains his process and strategy.

In this episode, listen for:

• Why he clicked and ad and bought Bridger Pennington’s course - ultimately one of the best investments he has made
• Investors are not going to just wait around for you, they’re going to move when they see an opportunity.
• When you’re wrong, accept it and try to learn and thoroughly understand why 

Must-listen Moments: 

[8:16]  Vijay experience during his career at PNC

[13:51] What trading options means

[16:46] Why is better to be a seller than a buyer, addressing the skeptical side, sharing the results

For more information, follow Vijay Kailash at https://vijaykailash.com/

Check out his Recommend Books and listen to the Vijay Kailash Podcast 

Thank you for tuning into the The Source Capital Podcast ™ where we talk entrepreneurship, business, and how to get financing to fund your business goals. 

You’re invited to follow me, Corey L. Townsend on Instagram at www.instagram.com/yoursmallbusinessbanker

Email any questions you have to me at info@yoursmalbusinessbanker.com

And learn more about small business loans at www.yoursmallbusinessbanker.com