Presentation for Sistah's Only on Sunday, April 15th, 2012

1. For Sistah's Only
Lunch and Learn
April 15th, 2012
Nicole Newman

2. Agenda
● Biography
● What Islam means to me
● Why start a business?
● Business
○ Product/Service
○ Financing
○ Marketing
● Pitfalls
● Goals

3. Who is Nicole Newman?
● native of Washington, D.C.
● Graduate of Temple University - B.B.A.
● Graduate of University of Maryland - M.B.A.
● President/CEO of Newman Networks
● Writer from www.examiner.com
● 2010 Awardee for the Madam CJ Walker
Entrepreneurial Spirit Award
● Single mom of three children (10,8,7)

4. What Islam means to me
● Peace
● Love
● Sisterhood
● Righteous path to Paradise
● Development of self

5. Why start a Business?
● Time freedom to perform obligations
○ Allah t'ala
○ Family
○ Work
● Financial Freedom
○ Paid by the job not time
○ Tax shelter
○ Networking
○ Provide for family

6. What is a business?
An economic system in which goods and
services are exchanged for one another or
money, on the basis of their perceived value.
Every business requires some form of
investment and a sufficient numbers of
customers to whom its output can be sold at a
profit on a consistent basis.

7. Financing?
● It is Riba?
● How to finance...
○ Traditional lenders
○ Customers
○ Friends
○ Family
Robert Kiyosaki said it best - "The richest people in the
world look for and build networks. Everyone else looks for
work."

8. What is marketing?
Marketing is the activity, set of institutions,
and processes for creating, communicating,
delivering, and exchanging offerings that have
value for customers, clients, partners, and
society at large
"People do business with people they know,
like and TRUST" by Bob Burg

9. Pitfalls of Business
● Lack of Discipline
○ Coach
○ Accountability Partner
● Pricing Strategy
○ Most businesses UNDER-PRICE products/services
○ KNOW your worth
● Money Management
○ Budget
○ Credit
● Investment
○ Self
○ Business

10. Goals
● Self sustaining Machine
● Employment Opportunities for my family
● Cash Flow quadrant by Robert Kiyosaki
○ Employee
○ Self-employed
○ Business Owner
○ Investor
"97 % of all wealth in America was made in
Real Estate"

11. Next Steps
● Write your Business Plan
● Need assistance?
○ SCORE
○ Entrepreneur Works
○ Urban League Entrepreneurship Center
○ Newman Networks
● Questions?
"Failure to plan is planning to fail"