https://simplecast.com The African American Business Owner, Building True Wealth Owning a financially successful business is the surest way to build wealth. Each Thursday, join Ron Escoffery, a serial entrepreneur, real estate investor, speaker and author as he interviews African American Business Owners who are on the path to Building True Wealth! If you are a business owner who wants financial security, less stress operating your business and be able to exit your business on your own terms, This Podcast Is For YOU! 2020 African American Business Owners Podcast en Thu, 24 Feb 2022 12:00:00 +0000 Fri, 25 Feb 2022 07:37:06 +0000 https://the-african-american-business-owner-building-true-wealth.simplecast.com The African American Business Owner, Building True Wealth https://image.simplecastcdn.com/images/38df9f6e-6bda-478c-bd00-796da5166905/d4aae141-cdab-4ee5-b965-6ef73e77b81d/3000x3000/podcast-cover-1.jpg?aid=rss_feed https://the-african-american-business-owner-building-true-wealth.simplecast.com episodic Owning a financially successful business is the surest way to build wealth. Each Thursday, join Ron Escoffery, a serial entrepreneur, real estate investor, speaker and author as he interviews African American Business Owners who are on the path to Building True Wealth! If you are a business owner who wants financial security, less stress operating your business and be able to exit your business on your own terms, This Podcast Is For YOU! Ron Escoffery no https://feeds.simplecast.com/_ye8aKJZ african american, black business owner, black entrepreneur, business coach, business coaching, business growth, business owner, entrepreneur, entrepreneurs, entrepreneurship, leadership, personal development, scaling, scaling your business, wealth, wealth building Ron Escoffery ronescoffery@gmail.com 8cee5c65-6d62-4312-8dee-7678d1ebf50b Do you have the Right People in the Right Position? “The person that is doing the job that you have, do they have the right experience?  Do they have the right qualification or it's just a body?” - Ron Escoffery.  

In today's episode of African-American Busines Owners Podcast: Building True Wealth with your host, Ron Escoffery. He’s gonna talk about why and how you should choose the right people for your business.

Tune in to this podcast and learn the importance of employees, teams, and systems in your company. And see how it will help you become a financially successful business owner and build personal wealth for yourself!

 

Episode Highlights

[02:26] Biggest Challenge in Entrepreneurs 

[02:43] Reasons why we want to be Entrepreneurs 

[05:23] People, System, and Money: The Three Biggest Challenges for Minority Business 

[11:05] Why it is Important to train our Employees

[15:31] No Man is an Island: Ron’s Thought on Team and Business Owners with Mentors

[17:51] Questions that you should start asking yourself

 

Links:

Website: www.ronescoffery.com

Email: ronescoffery@gmail.com

LinkedIn: Ron Escoffery

Facebook: Ronald Escoffery

Twitter: Ron Escoffery

]]> Thu, 24 Feb 2022 12:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/do-you-have-the-right-people-in-the-right-position-jHPyvJqv “The person that is doing the job that you have, do they have the right experience?  Do they have the right qualification or it's just a body?” - Ron Escoffery.  

In today's episode of African-American Busines Owners Podcast: Building True Wealth with your host, Ron Escoffery. He’s gonna talk about why and how you should choose the right people for your business.

Tune in to this podcast and learn the importance of employees, teams, and systems in your company. And see how it will help you become a financially successful business owner and build personal wealth for yourself!

 

Episode Highlights

[02:26] Biggest Challenge in Entrepreneurs 

[02:43] Reasons why we want to be Entrepreneurs 

[05:23] People, System, and Money: The Three Biggest Challenges for Minority Business 

[11:05] Why it is Important to train our Employees

[15:31] No Man is an Island: Ron’s Thought on Team and Business Owners with Mentors

[17:51] Questions that you should start asking yourself

 

Links:

Website: www.ronescoffery.com

Email: ronescoffery@gmail.com

LinkedIn: Ron Escoffery

Facebook: Ronald Escoffery

Twitter: Ron Escoffery

]]> Do you have the Right People in the Right Position? Ron Escoffery 00:23:27 building your wealth, do you have the right people in the right position?, true wealth, minority business, team, employee, ron escoffery, system, importance of an employee, challenges for minority business, qualifications for an employee, importance of training your employee, choose the right people for your business, african-american busines owners podcast: building true wealth, money no full 18 fd404da8-1868-4d61-855c-de9bfa4aeb2d Is What You're Doing Working? Episode Highlights

  • [00:45] Wealth Inequality: Why do the gaps keep getting wider?
  • [05:40] Why you should unfollow the Joneses and the Gurus
  • [10:30] Being clear of your lifestyle and what you really want
  • [11:58] The Difference Between ‘Buying’ and ‘Affording’
  • [13:37] The Truth Behind Saving Money
  • [17:36] What does it really mean to be WEALTHY or just acting rich?
  • [18:53] How can you tell if it's working?
  • [24:07] The Reason Behind this Podcast

 

Links:

Website: www.ronescoffery.com

Email: ronescoffery@gmail.com

LinkedIn: Ron Escoffery

Facebook: Ronald Escoffery

Twitter: Ron Escoffery

]]> Thu, 17 Feb 2022 12:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/is-what-youre-doing-working-565oug6u Episode Highlights

  • [00:45] Wealth Inequality: Why do the gaps keep getting wider?
  • [05:40] Why you should unfollow the Joneses and the Gurus
  • [10:30] Being clear of your lifestyle and what you really want
  • [11:58] The Difference Between ‘Buying’ and ‘Affording’
  • [13:37] The Truth Behind Saving Money
  • [17:36] What does it really mean to be WEALTHY or just acting rich?
  • [18:53] How can you tell if it's working?
  • [24:07] The Reason Behind this Podcast

 

Links:

Website: www.ronescoffery.com

Email: ronescoffery@gmail.com

LinkedIn: Ron Escoffery

Facebook: Ronald Escoffery

Twitter: Ron Escoffery

]]> Is What You're Doing Working? Ron Escoffery 00:28:12 “Before you make any purchase, especially purchase of a good and services that are not necessities, ask a question, 'will this purchase add to my net worth? Will I be worth more after this purchase than I did before? Or will it just become a liability, depreciating assets?' - Ron Escoffery That’s what this episode tries to uncover– how to close the gap in wealth because there are things that African-American Business Owners have to do, must do, and need to do in order to even start closing the gap. In today's episode of African-American Business Owners Podcast: Building True Wealth with host, Ron Escoffery, he tackles the Gap in Wealth, primarily to help you get clarity on your business and personal life, and he is here to help you if what you’re doing is working, and if it's not, what should you be doing instead! Tune in to this transformational, educational, motivational, and inspirational podcast and learn how to make the kind of wealth that is possible in us! To read more about this episode, visit www.ronescoffery.com “Before you make any purchase, especially purchase of a good and services that are not necessities, ask a question, 'will this purchase add to my net worth? Will I be worth more after this purchase than I did before? Or will it just become a liability, depreciating assets?' - Ron Escoffery That’s what this episode tries to uncover– how to close the gap in wealth because there are things that African-American Business Owners have to do, must do, and need to do in order to even start closing the gap. In today's episode of African-American Business Owners Podcast: Building True Wealth with host, Ron Escoffery, he tackles the Gap in Wealth, primarily to help you get clarity on your business and personal life, and he is here to help you if what you’re doing is working, and if it's not, what should you be doing instead! Tune in to this transformational, educational, motivational, and inspirational podcast and learn how to make the kind of wealth that is possible in us! To read more about this episode, visit www.ronescoffery.com building true wealth, is what you're doing working?, business, personal wealth, busines owner, true wealth, saving, podcast, inequality, the african american business owner, real estate, gurus, joneses, ron escoffery, minority, affording, african-american, buying, rich, mentors, wealth no full 17 61531af5-8f0d-445e-8c87-c0360f565af1 Putting In The Work Topics Covered:

  • Those that came before us put in the work. [0:36]
  • Opening remarks [1:24]
  • Putting in the work allows you to make progress. [2:44]
  • What does the destination look like? [4:26]
  • Most of us are busy putting together information to start preparing our taxes. [5:17]
  • Some of us may not have a person to keep us on track. [6:55]
  • You want a business that supports your lifestyle. [7:45]
  • The first step is to get clear on why you are in business. [9:00]
  • The second step is to determine today what resources you have and what you need. [10:54]
  • The third step is to decide what business you want to get into. [12:15]
  • What business can become a self-managing business? [13:55]
  • Every time you read about wealthy people, you can’t avoid hearing that real estate is a big part of their portfolio [15:15]
  • Closing remarks [16:06]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 11 Feb 2021 18:00:48 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/putting-in-the-work-tbcolDev Topics Covered:

  • Those that came before us put in the work. [0:36]
  • Opening remarks [1:24]
  • Putting in the work allows you to make progress. [2:44]
  • What does the destination look like? [4:26]
  • Most of us are busy putting together information to start preparing our taxes. [5:17]
  • Some of us may not have a person to keep us on track. [6:55]
  • You want a business that supports your lifestyle. [7:45]
  • The first step is to get clear on why you are in business. [9:00]
  • The second step is to determine today what resources you have and what you need. [10:54]
  • The third step is to decide what business you want to get into. [12:15]
  • What business can become a self-managing business? [13:55]
  • Every time you read about wealthy people, you can’t avoid hearing that real estate is a big part of their portfolio [15:15]
  • Closing remarks [16:06]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Putting In The Work Ron Escoffery 00:17:41 All African-American business owners need to put in the work to see real results and to make real progress. This month is Black History Month, so it’s important for all African-American entrepreneurs to find inspiration in the accomplishments of the heroes that came before them. They should find their own sources of inspiration, as this will keep them focused on pursuing the goal that they have set for themselves. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 16th episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of putting in the right amount of work. He also gives three steps that every aspiring lifestyle entrepreneur should take on their road to success and reiterates the importance of having a real estate background when it comes to building wealth. All African-American business owners need to put in the work to see real results and to make real progress. This month is Black History Month, so it’s important for all African-American entrepreneurs to find inspiration in the accomplishments of the heroes that came before them. They should find their own sources of inspiration, as this will keep them focused on pursuing the goal that they have set for themselves. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 16th episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of putting in the right amount of work. He also gives three steps that every aspiring lifestyle entrepreneur should take on their road to success and reiterates the importance of having a real estate background when it comes to building wealth. #ronescoffery #africanamerican #businessowners #businesspodcast no full 16 072358c4-7815-4086-b101-4169d7147bff Mentorship Is An Investment Topics Covered:

  • The wealthy get wealthier, the poor get poorer. [1:17]
  • We want you to become aware of what’s happening. [2:14]
  • Why are we not making progress? [3:33]
  • Look at yourself before your business. [3:45]
  • Last year we had to pivot because of the pandemic. [4:25]
  • Do you have a business or a job? [5:17]
  • $40,258 is the average income for African-American households. [6:17]
  • The biggest problem for African-American business owners is mentorship. [7:35]
  • As entrepreneurs, we know that we will have challenges. [10:00]
  • If we are already skilled, why are we still failing? [10:54]
  • Entrepreneurship is a lonely occupation. [11:51]
  • Mentorship is not an expense, but an investment. [12:50]
  • Sometimes you just have to be honest and open with people. [13:55]
  • It’s a new day. [15:15]
  • A lifestyle is what you desire. [16:06]
  • Track your progress. [16:36]
  • We can develop strategies. [17:55]
  • Let 2021 be your transformation year. [19:00]
  • You can be very successful this year. [19:51]
  • If all you do is think, that’s all you will do. [20:31]
  • Closing remarks [21:34]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 4 Feb 2021 18:00:17 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/mentorship-is-an-investment-6MWRfmUk Topics Covered:

  • The wealthy get wealthier, the poor get poorer. [1:17]
  • We want you to become aware of what’s happening. [2:14]
  • Why are we not making progress? [3:33]
  • Look at yourself before your business. [3:45]
  • Last year we had to pivot because of the pandemic. [4:25]
  • Do you have a business or a job? [5:17]
  • $40,258 is the average income for African-American households. [6:17]
  • The biggest problem for African-American business owners is mentorship. [7:35]
  • As entrepreneurs, we know that we will have challenges. [10:00]
  • If we are already skilled, why are we still failing? [10:54]
  • Entrepreneurship is a lonely occupation. [11:51]
  • Mentorship is not an expense, but an investment. [12:50]
  • Sometimes you just have to be honest and open with people. [13:55]
  • It’s a new day. [15:15]
  • A lifestyle is what you desire. [16:06]
  • Track your progress. [16:36]
  • We can develop strategies. [17:55]
  • Let 2021 be your transformation year. [19:00]
  • You can be very successful this year. [19:51]
  • If all you do is think, that’s all you will do. [20:31]
  • Closing remarks [21:34]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Mentorship Is An Investment Ron Escoffery 00:24:16 All African-American business owners have the potential to make lots and lots of money through their respective businesses. One thing that will help greatly in the pursuit of maximizing one’s businesses is mentorship. It’s really important to have someone to guide you on your quest to the top of the entrepreneurial food chain. Getting a mentor is not an expense, but an investment that could pay big dividends in the future. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 15th episode of the African-American Business Owners Podcast, Ron Escoffery discusses the effects of the pandemic, the common struggles of African-American entrepreneurs, and the significance of having a mentor to provide you with guidance in your career as an entrepreneur. All African-American business owners have the potential to make lots and lots of money through their respective businesses. One thing that will help greatly in the pursuit of maximizing one’s businesses is mentorship. It’s really important to have someone to guide you on your quest to the top of the entrepreneurial food chain. Getting a mentor is not an expense, but an investment that could pay big dividends in the future. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 15th episode of the African-American Business Owners Podcast, Ron Escoffery discusses the effects of the pandemic, the common struggles of African-American entrepreneurs, and the significance of having a mentor to provide you with guidance in your career as an entrepreneur. #ronescoffery #africanamerican #businessowners #businesspodcast no full 15 1df76c6b-96a0-4cdd-a2af-2194c0321f7c The Best Lifestyle Business... Topics Covered:

  • As business owners, we must decide what kind of future we want. [1:17]
  • This is a good time to start becoming a lifestyle entrepreneur. [2:14]
  • Sometimes, we still live paycheck to paycheck. [3:00]
  • Look at yourself before your business. [3:45]
  • We’re working on our future lives. [4:43]
  • Avoid get-rich-quick schemes. [5:27]
  • Look at what worked for you in 2020. [6:04]
  • Be careful when deciding the type of business you will establish. [6:58]
  • Do you have consistent cash flow? [7:55]
  • Real estate is a good way of starting out. [8:51]
  • Take a look at adding real estate to your portfolio. [9:48]
  • Real estate investments really helped me. [11:15]
  • Where does the money for all these big apartment buildings come from? [12:34]
  • How much return have you had on your 41K/IRA? [13:30]
  • You are worried about your retirement. [15:27]
  • Adding real estate to your portfolio is a wise decision. [16:19]
  • Don’t do the same things and expect different results. [17:20]
  • Closing remarks [20:00]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 14 Jan 2021 18:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/the-best-lifestyle-business-2yUaEmK9 Topics Covered:

  • As business owners, we must decide what kind of future we want. [1:17]
  • This is a good time to start becoming a lifestyle entrepreneur. [2:14]
  • Sometimes, we still live paycheck to paycheck. [3:00]
  • Look at yourself before your business. [3:45]
  • We’re working on our future lives. [4:43]
  • Avoid get-rich-quick schemes. [5:27]
  • Look at what worked for you in 2020. [6:04]
  • Be careful when deciding the type of business you will establish. [6:58]
  • Do you have consistent cash flow? [7:55]
  • Real estate is a good way of starting out. [8:51]
  • Take a look at adding real estate to your portfolio. [9:48]
  • Real estate investments really helped me. [11:15]
  • Where does the money for all these big apartment buildings come from? [12:34]
  • How much return have you had on your 41K/IRA? [13:30]
  • You are worried about your retirement. [15:27]
  • Adding real estate to your portfolio is a wise decision. [16:19]
  • Don’t do the same things and expect different results. [17:20]
  • Closing remarks [20:00]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> The Best Lifestyle Business... Ron Escoffery 00:22:46 In 2021, African-American business owners must consider doing something that could prove to be a crucial stepping stone in their entrepreneurial careers: real estate investments. Real estate is an important part of every entrepreneur’s portfolio, and almost everyone who has accrued considerable wealth has invested in real estate. While investing in real estate still carries some risk—all investments do, after all—the rewards are so fruitful that doing so is worth it. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 14th episode of the African-American Business Owners Podcast, Ron Escoffery talks about the importance of real estate investments for any aspiring entrepreneur and how being a lifestyle entrepreneur can greatly improve a business owner’s life. In 2021, African-American business owners must consider doing something that could prove to be a crucial stepping stone in their entrepreneurial careers: real estate investments. Real estate is an important part of every entrepreneur’s portfolio, and almost everyone who has accrued considerable wealth has invested in real estate. While investing in real estate still carries some risk—all investments do, after all—the rewards are so fruitful that doing so is worth it. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 14th episode of the African-American Business Owners Podcast, Ron Escoffery talks about the importance of real estate investments for any aspiring entrepreneur and how being a lifestyle entrepreneur can greatly improve a business owner’s life. african american, entrepreneur, business portfolio, lifestyle entrepreneur, investments, ronescoffery, financial management, retirement, business owners, business podcast, money no full 14 344adeae-0294-4799-92d6-8a264f8b7e40 Want Your Resolution to Work? Do These Things! Topics Covered:

  • When we reflect, we often dwell on the negative (3:27)
  • Most resolutions don’t come true because we didn’t believe that we could achieve them (4:11)
  • You need to have the mindset that it is possible (5:12)
  • Why are you doing this? (6:48)
  • What really makes resolutions work are our habits and systems (7:37)
  • Don’t make resolutions this year unless you’re committed to keeping them (9:03)

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 7 Jan 2021 18:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/want-your-resolution-to-work-do-these-things-IxIfprBa Topics Covered:

  • When we reflect, we often dwell on the negative (3:27)
  • Most resolutions don’t come true because we didn’t believe that we could achieve them (4:11)
  • You need to have the mindset that it is possible (5:12)
  • Why are you doing this? (6:48)
  • What really makes resolutions work are our habits and systems (7:37)
  • Don’t make resolutions this year unless you’re committed to keeping them (9:03)

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Want Your Resolution to Work? Do These Things! Ron Escoffery 00:14:20 On this episode of the African-American Business Owners Podcast, Ron Escoffery gives us a lesson on New Year’s Resolutions and why they usually don’t work. Ron teaches us that the main reason for failed New Year’s Resolutions is because of our mindset. If we’re not in the right mindset when we make our resolutions, we can’t expect to fulfill them. So before we make any resolutions, we must first look inward and ask ourselves what we really want. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 13th episode of the African-American Business Owners Podcast, Ron Escoffery guides us on how to fix our mindset and acquire the mental toughness we need to make 2021 a successful year. On this episode of the African-American Business Owners Podcast, Ron Escoffery gives us a lesson on New Year’s Resolutions and why they usually don’t work. Ron teaches us that the main reason for failed New Year’s Resolutions is because of our mindset. If we’re not in the right mindset when we make our resolutions, we can’t expect to fulfill them. So before we make any resolutions, we must first look inward and ask ourselves what we really want. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 13th episode of the African-American Business Owners Podcast, Ron Escoffery guides us on how to fix our mindset and acquire the mental toughness we need to make 2021 a successful year. no full 13 19a57060-a49a-4300-9364-96d62193ffa2 A New Year, A New Day, A New You Topics Covered:

  • You have to see progress in business and life (1:32)
  • Having abundances in financial life while relaxing (1:50)
  • This year has been different due to the pandemic (3:28)
  • We’ve had to endure many challenges that we weren’t ready for (3:51)
  • What is one thing you can tell yourself that you’ve learned this year? (5:12)
  • You just have to do the work (8:54)
  • Set different goals for 2021 (9:27)
  • Be the person you were meant to be (9:56)
  • Don’t overthink about your debts and compare yourself to others (13:01)
  • It’s a new you, a new day, you have to be different (13:43)
  • Be serious about your goals, and leave the rest alone (14:54)

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 24 Dec 2020 18:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/a-new-year-a-new-day-a-new-you-ShX9gRNv Topics Covered:

  • You have to see progress in business and life (1:32)
  • Having abundances in financial life while relaxing (1:50)
  • This year has been different due to the pandemic (3:28)
  • We’ve had to endure many challenges that we weren’t ready for (3:51)
  • What is one thing you can tell yourself that you’ve learned this year? (5:12)
  • You just have to do the work (8:54)
  • Set different goals for 2021 (9:27)
  • Be the person you were meant to be (9:56)
  • Don’t overthink about your debts and compare yourself to others (13:01)
  • It’s a new you, a new day, you have to be different (13:43)
  • Be serious about your goals, and leave the rest alone (14:54)

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> A New Year, A New Day, A New You Ron Escoffery 00:15:14 On this episode of the African-American Business Owners Podcast, Ron Escoffery ponders how different the year has been due to the pandemic. He also discusses plans for the future and how we can adjust our thought processes in order to successfully manage our finances, all while avoiding being overworked. It’s never easy going through a crisis, and this year’s pandemic made everything exponentially more difficult. Still, this doesn’t mean that we should just give up on our businesses and let our finances go out of control. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 12th episode of the African-American Business Owners Podcast, Ron Escoffery shares valuable lessons that all business owners can apply in any situation. He also explains how you can navigate your life and finances during an unprecedented crisis and how we can move forward in the wake of the pandemic. On this episode of the African-American Business Owners Podcast, Ron Escoffery ponders how different the year has been due to the pandemic. He also discusses plans for the future and how we can adjust our thought processes in order to successfully manage our finances, all while avoiding being overworked. It’s never easy going through a crisis, and this year’s pandemic made everything exponentially more difficult. Still, this doesn’t mean that we should just give up on our businesses and let our finances go out of control. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 12th episode of the African-American Business Owners Podcast, Ron Escoffery shares valuable lessons that all business owners can apply in any situation. He also explains how you can navigate your life and finances during an unprecedented crisis and how we can move forward in the wake of the pandemic. no full 12 441667a9-32fd-4450-9b46-fc3db65c2bfb Set Yourself Up for Success With a Solid Plan Topics Covered:

  • December is the month of ambitious plans [1:53]
  • If you do not start with the “Why”, you’re going to fail.. [3:56]
  • I want more financial abundance [6:13]
  • Money doesn’t give you joy and happiness. [7:41]
  • Change the way you think [9:14]
  • First reason why people fail in reaching their goals... [9:57]
  • Ask yourself “Who am I?” [11:00]
  • Second reason why we fail is choosing the wrong business model [13:05]
  • Depend on your training [14:15]
  • What you bought was information with no implementation [15:08]
  • You are unique and different from everyone else [16:00]
  • Story of my friend and his trucking business [16:40]
  • Do not follow your friends into business [17:38]
  • Don’t be a loner [18:45]
  • You need some help [20:28]
  • If you are not failing, you are not trying hard enough [21:20]
  • Write down your 2021 goals [22:55]
  • Start working on yourself [23:43]
  • Closing remarks [24:27]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 17 Dec 2020 18:10:13 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/set-yourself-up-for-success-with-a-solid-plan-f1tY6LaB Topics Covered:

  • December is the month of ambitious plans [1:53]
  • If you do not start with the “Why”, you’re going to fail.. [3:56]
  • I want more financial abundance [6:13]
  • Money doesn’t give you joy and happiness. [7:41]
  • Change the way you think [9:14]
  • First reason why people fail in reaching their goals... [9:57]
  • Ask yourself “Who am I?” [11:00]
  • Second reason why we fail is choosing the wrong business model [13:05]
  • Depend on your training [14:15]
  • What you bought was information with no implementation [15:08]
  • You are unique and different from everyone else [16:00]
  • Story of my friend and his trucking business [16:40]
  • Do not follow your friends into business [17:38]
  • Don’t be a loner [18:45]
  • You need some help [20:28]
  • If you are not failing, you are not trying hard enough [21:20]
  • Write down your 2021 goals [22:55]
  • Start working on yourself [23:43]
  • Closing remarks [24:27]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here https://bit.ly/SubscribetoRonEscoffery.

]]> Set Yourself Up for Success With a Solid Plan Ron Escoffery 00:26:38 In business as in life, there will be times when things just don’t go your way. Sometimes the problem can be fixed, but ultimately, we have to avoid being in that position in the first place. How do we do that? Through proper planning. To come up with a good plan, you must have purpose. Understand the “why” behind your goals in order to establish clear objectives and create actionable strategies to achieve them. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 11th episode of the African-American Business Owners Podcast, Ron Escoffery talks about the three main reasons why most African-American business owners fail during their planning phase. Listen as Ron dissects the many factors that play a role in planning a business. In business as in life, there will be times when things just don’t go your way. Sometimes the problem can be fixed, but ultimately, we have to avoid being in that position in the first place. How do we do that? Through proper planning. To come up with a good plan, you must have purpose. Understand the “why” behind your goals in order to establish clear objectives and create actionable strategies to achieve them. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 11th episode of the African-American Business Owners Podcast, Ron Escoffery talks about the three main reasons why most African-American business owners fail during their planning phase. Listen as Ron dissects the many factors that play a role in planning a business. no full 11 3bd22180-9453-423a-a02a-f3be547c4ebf Don’t Be a “Work-Till-You-Drop” Entrepreneur Topics Covered:

  • Thinking about the change that you want to happen in your life [0:48]
  • Ron’s personal approach towards speaking to his audience as a coach and mentor [1:59]
  • December is planning month [3:43]
  • 92% of people fail as they try to achieve their goals [4:13]
  • Be intentional about being a lifestyle entrepreneur [5:40]
  • What is life all about? [6:28]
  • The right age to start a business [8:02]
  • Setting short-term, realistic goals and enjoying the journey [9:46]
  • Have fun reaching your goals before it’s too late [11:40]
  • 50-year-olds who believe they have failed [12:32]
  • The biggest challenge for African American business owners [13:06]
  • The importance of getting outside help to move forward [13:23]
  • December is not just about setting goals but also about being intentional with those goals [15:11]
  • Start taking smaller steps towards your goal [16:20]
  • Closing remarks [19:17]

 

Connect with Ron Escoffery:

  • ronescoffery.com
  • ronescoffery@gmail.com
  • (404) 626 1425

 

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here to subscribe to the newsletter. https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 10 Dec 2020 18:00:13 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/dont-be-a-work-till-you-drop-entrepreneur-aFhQIe_u Topics Covered:

  • Thinking about the change that you want to happen in your life [0:48]
  • Ron’s personal approach towards speaking to his audience as a coach and mentor [1:59]
  • December is planning month [3:43]
  • 92% of people fail as they try to achieve their goals [4:13]
  • Be intentional about being a lifestyle entrepreneur [5:40]
  • What is life all about? [6:28]
  • The right age to start a business [8:02]
  • Setting short-term, realistic goals and enjoying the journey [9:46]
  • Have fun reaching your goals before it’s too late [11:40]
  • 50-year-olds who believe they have failed [12:32]
  • The biggest challenge for African American business owners [13:06]
  • The importance of getting outside help to move forward [13:23]
  • December is not just about setting goals but also about being intentional with those goals [15:11]
  • Start taking smaller steps towards your goal [16:20]
  • Closing remarks [19:17]

 

Connect with Ron Escoffery:

  • ronescoffery.com
  • ronescoffery@gmail.com
  • (404) 626 1425

 

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here to subscribe to the newsletter. https://bit.ly/SubscribetoRonEscoffery.

]]> Don’t Be a “Work-Till-You-Drop” Entrepreneur Ron Escoffery 00:22:01 Are you burning bridges just to achieve your goals? There is a fine line between working hard and overworking. Oftentimes, we think to ourselves that we need to work more hours just to succeed. But along the way, we forget to enjoy the journey. As December comes to an end, look back at what you have accomplished. You may find yourself lagging behind your goals or not even moving at all. And that’s alright. As they say, the road to success is not straight. It is filled with bumps and curves. But what they don’t tell us is that the road doesn’t care who’s driving on it. No matter how far along you think you are, you still have a ways to go to get to your destination. Ron Escoffery is no stranger to the road to success. He has been on the same journey many of us are currently on. Through all this, Ron has acquired a wealth of knowledge and is eager to impart his wisdom to those who are willing to listen. On this episode of the African-American Business Owners Podcast, Ron Escoffery reveals that it is possible to be a lifestyle entrepreneur by taking it one step at a time. He shares how we should be setting realistic goals that are actually achievable no matter how late we may think we are in life. Listen and learn how you too can succeed as a lifestyle entrepreneur and not lose yourself in the process. Are you burning bridges just to achieve your goals? There is a fine line between working hard and overworking. Oftentimes, we think to ourselves that we need to work more hours just to succeed. But along the way, we forget to enjoy the journey. As December comes to an end, look back at what you have accomplished. You may find yourself lagging behind your goals or not even moving at all. And that’s alright. As they say, the road to success is not straight. It is filled with bumps and curves. But what they don’t tell us is that the road doesn’t care who’s driving on it. No matter how far along you think you are, you still have a ways to go to get to your destination. Ron Escoffery is no stranger to the road to success. He has been on the same journey many of us are currently on. Through all this, Ron has acquired a wealth of knowledge and is eager to impart his wisdom to those who are willing to listen. On this episode of the African-American Business Owners Podcast, Ron Escoffery reveals that it is possible to be a lifestyle entrepreneur by taking it one step at a time. He shares how we should be setting realistic goals that are actually achievable no matter how late we may think we are in life. Listen and learn how you too can succeed as a lifestyle entrepreneur and not lose yourself in the process. no full 10 705b11ed-e0da-4f07-9724-94df15512236 Building a Thriving Self-Managed Business Topics Covered:

  • On Thanksgiving [1:22]
  • Christmas is on its way [2:37]
  • Thinking past the holidays [3:42]
  • Maintaining the entrepreneur lifestyle [4:40]
  • Having a business that runs no matter how you’re feeling [6:10]
  • The pandemic as the pivot to how your business will be in the future [7:20]
  • What do you really want in life? [8:22]
  • Review your life plan [9:51]
  • The Month of December is a month of planning for all business owners [11:40]
  • What is a self-managed business? [12:45]
  • A self-managed business starts with a team [14:15]
  • Most African-American business owners need marketing [15:50]
  • A self-managed business must have systems in place [17:53]
  • Manuals run the company [20:00]
  • Evaluate your business [21:15]
  • Think about your business running like a business [22:05]
  • Asking for help [22:50]
  • Closing remarks [23:45]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here to subscribe to the newsletter -https://bit.ly/SubscribetoRonEscoffery.

]]> Thu, 3 Dec 2020 18:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/building-a-thriving-self-managed-business-SLmcmM8P Topics Covered:

  • On Thanksgiving [1:22]
  • Christmas is on its way [2:37]
  • Thinking past the holidays [3:42]
  • Maintaining the entrepreneur lifestyle [4:40]
  • Having a business that runs no matter how you’re feeling [6:10]
  • The pandemic as the pivot to how your business will be in the future [7:20]
  • What do you really want in life? [8:22]
  • Review your life plan [9:51]
  • The Month of December is a month of planning for all business owners [11:40]
  • What is a self-managed business? [12:45]
  • A self-managed business starts with a team [14:15]
  • Most African-American business owners need marketing [15:50]
  • A self-managed business must have systems in place [17:53]
  • Manuals run the company [20:00]
  • Evaluate your business [21:15]
  • Think about your business running like a business [22:05]
  • Asking for help [22:50]
  • Closing remarks [23:45]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast or register here to subscribe to the newsletter -https://bit.ly/SubscribetoRonEscoffery.

]]> Building a Thriving Self-Managed Business Ron Escoffery 00:24:44 How do you create a business that manages itself? Most people chalk it up to people management, but it actually goes much deeper than that. What you should be doing is empowering your employees to become self-managed by giving them the freedom to make their own choices and the responsibility to be accountable for the choices they make. Encourage your employees to practice self-management techniques and watch your business run on its own, freeing up time for you to handle more pressing matters. This is, however, easier said than done and you need to have a team of like-minded people who share your vision to truly make it work. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 9th episode of the African-American Business Owners Podcast, Ron Escoffery talks about how African-American small business owners need systems and processes in place, which serve a significant role in building and running a company. He also mentions that the essential building blocks towards business growth are your team, the proper manuals, and streamlined processes. How do you create a business that manages itself? Most people chalk it up to people management, but it actually goes much deeper than that. What you should be doing is empowering your employees to become self-managed by giving them the freedom to make their own choices and the responsibility to be accountable for the choices they make. Encourage your employees to practice self-management techniques and watch your business run on its own, freeing up time for you to handle more pressing matters. This is, however, easier said than done and you need to have a team of like-minded people who share your vision to truly make it work. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 9th episode of the African-American Business Owners Podcast, Ron Escoffery talks about how African-American small business owners need systems and processes in place, which serve a significant role in building and running a company. He also mentions that the essential building blocks towards business growth are your team, the proper manuals, and streamlined processes. no full 9 0b0035b7-2598-4ea9-98ea-c930bf133580 3 Questions Every Lifestyle Entrepreneur Must Ask Themselves Topics Covered:

  • Intro [01:02]
  • Ron shares the three questions [01:30]
  • What kind of lifestyle do I want as an entrepreneur or as a person? [01:50]
  • Why do I want it? [02:13]
  • The logical third question [03:58]
  • A lifestyle entrepreneur is a business model [04:53]
  • Perfect is a synonym for procrastination [06:18]
  • Why are we still in the same place? [07:06]
  • The muscle of achievement [07:13]
  • A high income is not wealth [08:45]
  • Why a lot of high earners end up broke [09:50]
  • Do not stay in the past too long [13:48]
  • Importance of a written life plan [15:24]
  • How to increase your income so that you stop living paycheck to paycheck [16:25]
  • Not all debt is bad [16:50]
  • Closing Remarks [17:02]
  • Get in touch with Ron [18:02]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the Building True Wealth podcast on SimpleCast.

]]> Thu, 19 Nov 2020 18:08:01 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/3-questions-every-lifestyle-entrepreneur-must-ask-themselves-uE2DTG4Z Topics Covered:

  • Intro [01:02]
  • Ron shares the three questions [01:30]
  • What kind of lifestyle do I want as an entrepreneur or as a person? [01:50]
  • Why do I want it? [02:13]
  • The logical third question [03:58]
  • A lifestyle entrepreneur is a business model [04:53]
  • Perfect is a synonym for procrastination [06:18]
  • Why are we still in the same place? [07:06]
  • The muscle of achievement [07:13]
  • A high income is not wealth [08:45]
  • Why a lot of high earners end up broke [09:50]
  • Do not stay in the past too long [13:48]
  • Importance of a written life plan [15:24]
  • How to increase your income so that you stop living paycheck to paycheck [16:25]
  • Not all debt is bad [16:50]
  • Closing Remarks [17:02]
  • Get in touch with Ron [18:02]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the Building True Wealth podcast on SimpleCast.

]]> 3 Questions Every Lifestyle Entrepreneur Must Ask Themselves Ron Escoffery 00:19:22 Do you ever wonder why some high-income earners still struggle to build wealth? When people earn high wages or get paid a big amount of money for something they did or accomplished, they have the tendency to spend more than they should. They start buying things or treating their friends and family. Not that there’s anything wrong with that, but if you don’t take into account everything that also needs to be settled with the money that you have, like taxes, you will eventually run out of money. And then you’re back to square one—broke and waiting for the next paycheck to come. Ron Escoffery is an author, entrepreneur, former wall street banker and financial consultant. With a wealth of experience under his belt, Ron can answer the age-old question: Why do people stay stuck financially? Find out whether it’s the lack of money or the lack of financial management by listening to today’s podcast. On this episode of the African-American Business Owners Podcast, Ron Escoffery offers a different perspective on money management. Ron will share the three questions every lifestyle entrepreneur must ask themselves. Listen and learn how you, too, can build a successful business legacy for yourself, your family, and your community. Do you ever wonder why some high-income earners still struggle to build wealth? When people earn high wages or get paid a big amount of money for something they did or accomplished, they have the tendency to spend more than they should. They start buying things or treating their friends and family. Not that there’s anything wrong with that, but if you don’t take into account everything that also needs to be settled with the money that you have, like taxes, you will eventually run out of money. And then you’re back to square one—broke and waiting for the next paycheck to come. Ron Escoffery is an author, entrepreneur, former wall street banker and financial consultant. With a wealth of experience under his belt, Ron can answer the age-old question: Why do people stay stuck financially? Find out whether it’s the lack of money or the lack of financial management by listening to today’s podcast. On this episode of the African-American Business Owners Podcast, Ron Escoffery offers a different perspective on money management. Ron will share the three questions every lifestyle entrepreneur must ask themselves. Listen and learn how you, too, can build a successful business legacy for yourself, your family, and your community. #ronescoffery #lifestyleentrepreneur #entrepreneur #lifestyle no full 8 5e269bc2-a96f-4908-87b0-8f9ed17f7453 What does it mean to be a lifestyle entrepreneur? Topics Covered:

  • Find one nugget that will slowly but surely transform your financial life [1:27]
  • A lifestyle entrepreneur is... [2:50]
  • The desire to become a lifestyle entrepreneur  [5:13]
  • Have a vision of what you want that lifestyle to look like [5:34]
  • I want you to write it down [6:10]
  • The focus, the discipline, and the steps are important [7:45]
  • Perfection is a synonym for procrastination. [9:29]
  • Knowing where you are...where you’re starting from [10:38]
  • Do you have a clear vision of what the next small step should be? [12:09]
  • We really haven't failed until we give up  [17:33]
  • Failure is not a bad thing [18:00]
  • Do not spare on your dreams when you're writing your lifestyle plan [19:20]
  • Pick people who you want to associate with [21:10]
  • It will be problematic at times, discouraging at times but… [27:09]
  • I hope that every mistake I make is a building block to more clarity, more progress, more joy, and more peace of mind [28:51]
  • Closing Remarks [30:19]

Connect with Ron Escoffery:

]]> Thu, 12 Nov 2020 18:21:59 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/what-does-it-mean-to-be-a-lifestyle-entrepreneur-3k_dvSaW Topics Covered:

  • Find one nugget that will slowly but surely transform your financial life [1:27]
  • A lifestyle entrepreneur is... [2:50]
  • The desire to become a lifestyle entrepreneur  [5:13]
  • Have a vision of what you want that lifestyle to look like [5:34]
  • I want you to write it down [6:10]
  • The focus, the discipline, and the steps are important [7:45]
  • Perfection is a synonym for procrastination. [9:29]
  • Knowing where you are...where you’re starting from [10:38]
  • Do you have a clear vision of what the next small step should be? [12:09]
  • We really haven't failed until we give up  [17:33]
  • Failure is not a bad thing [18:00]
  • Do not spare on your dreams when you're writing your lifestyle plan [19:20]
  • Pick people who you want to associate with [21:10]
  • It will be problematic at times, discouraging at times but… [27:09]
  • I hope that every mistake I make is a building block to more clarity, more progress, more joy, and more peace of mind [28:51]
  • Closing Remarks [30:19]

Connect with Ron Escoffery:

]]> What does it mean to be a lifestyle entrepreneur? Ron Escoffery 00:33:19 Lifestyle entrepreneurs come in many different types. Some of them seek a simple, enjoyable, comfortable, peaceful life and they have the resources to do just that. However, achieving this won’t be easy. It will require a person to undergo considerable difficulty and growth. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 7th episode of the African-American Business Owners Podcast, Ron Escoffery reminds business owners to take a closer look at their net worth. He also discusses the importance of taking the time to pause by sitting down for a while and writing down your vision for your life in order to gain clarity. Lifestyle entrepreneurs come in many different types. Some of them seek a simple, enjoyable, comfortable, peaceful life and they have the resources to do just that. However, achieving this won’t be easy. It will require a person to undergo considerable difficulty and growth. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 7th episode of the African-American Business Owners Podcast, Ron Escoffery reminds business owners to take a closer look at their net worth. He also discusses the importance of taking the time to pause by sitting down for a while and writing down your vision for your life in order to gain clarity. #businessowners #ronescoffery #lifestyleentrepreneurs #financialsuccess #businessstrategy #businesscoaching #africanamerican no full 7 3cc34134-5f52-43cd-acd6-6c1a9be5189d How to Build A Business That Supports Your Lifestyle
 

Topics Covered:

  • The challenges that we have in business and in life has that money component to it [2:10]
  • Why do so many entrepreneurs fail at achieving this lifestyle that they so desire?  [3:46]
  • What is a life plan? [6:29]
  • Write it down—what is important to you? [8:04]
  • What does taking care of my family mean in reality? [11:46]
  • What is your exit plan? [13:40]
  • The life plan makes the business plan more accurate because the business plan delivers what you want in your life plan. [18:28]
  • There really is no get-rich-quick-scheme. [21:16]
  • If you have your self-managed company operating, you can do a lot of things and still enjoy life. [22:08]
  • Closing Remarks [24:46]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on  SimpleCast

.

]]> Thu, 5 Nov 2020 18:00:09 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/how-to-build-a-business-that-supports-your-lifestyle-ydqmGKUp
 

Topics Covered:

  • The challenges that we have in business and in life has that money component to it [2:10]
  • Why do so many entrepreneurs fail at achieving this lifestyle that they so desire?  [3:46]
  • What is a life plan? [6:29]
  • Write it down—what is important to you? [8:04]
  • What does taking care of my family mean in reality? [11:46]
  • What is your exit plan? [13:40]
  • The life plan makes the business plan more accurate because the business plan delivers what you want in your life plan. [18:28]
  • There really is no get-rich-quick-scheme. [21:16]
  • If you have your self-managed company operating, you can do a lot of things and still enjoy life. [22:08]
  • Closing Remarks [24:46]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on  SimpleCast

.

]]> How to Build A Business That Supports Your Lifestyle Ron Escoffery 00:27:07 Most entrepreneurs go into business to support a certain kind of lifestyle. Unfortunately, many of them don’t have an exit strategy. Simply put, they have a business plan but do not have a life plan. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 6th episode of the African-American Business Owners Podcast, Ron Escoffery encourages business owners to have both a life plan and a business plan in order to have the kind of money that will afford them the lifestyle that they desire. Most entrepreneurs go into business to support a certain kind of lifestyle. Unfortunately, many of them don’t have an exit strategy. Simply put, they have a business plan but do not have a life plan. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 6th episode of the African-American Business Owners Podcast, Ron Escoffery encourages business owners to have both a life plan and a business plan in order to have the kind of money that will afford them the lifestyle that they desire. #africanamericanbusiness #ronescoffery #lifestyle #entrepreneur # no full 6 849fbe98-3771-4f18-86dd-92977a3828cf Which Lifestyle Do You Want? Rich or Wealthy? Topics Covered:

  • Do you want to be rich or do you want to be wealthy? [0:52]
  • Money does one thing very very well- it buys you options  [1:11]
  • The important thing is what do you desire for yourself [2:49]
  • Building wealth is a journey [3:35]
  • If you're not moving forward, you're moving backward [4:25]
  • Peace of mind is something that is priceless [5:03]
  • What it means to be rich  [6:05]
  • Why is networking so important [7:45]
  • You really should only save until you get to the point that you can start investing [10:38]
  • You have to invest  [11:24]
  • We can't have everything we want at the same time [12:58]
  • You deserve to celebrate your success but it is a journey. Don't fall asleep. [13:44]
  • Calculate now what the lifestyle you desire in your golden years is going to cost. [14:42]
  • A rule of thumb [17:09]
  • Investing in real estate [23:59]
  • Become conscious of what it will take to have peaceful, enjoyable, and happy golden years [26:37] 
  • Closing Remarks [27:05]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast.

]]> Thu, 29 Oct 2020 17:00:00 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/which-lifestyle-do-you-want-_FSba3Ia Topics Covered:

  • Do you want to be rich or do you want to be wealthy? [0:52]
  • Money does one thing very very well- it buys you options  [1:11]
  • The important thing is what do you desire for yourself [2:49]
  • Building wealth is a journey [3:35]
  • If you're not moving forward, you're moving backward [4:25]
  • Peace of mind is something that is priceless [5:03]
  • What it means to be rich  [6:05]
  • Why is networking so important [7:45]
  • You really should only save until you get to the point that you can start investing [10:38]
  • You have to invest  [11:24]
  • We can't have everything we want at the same time [12:58]
  • You deserve to celebrate your success but it is a journey. Don't fall asleep. [13:44]
  • Calculate now what the lifestyle you desire in your golden years is going to cost. [14:42]
  • A rule of thumb [17:09]
  • Investing in real estate [23:59]
  • Become conscious of what it will take to have peaceful, enjoyable, and happy golden years [26:37] 
  • Closing Remarks [27:05]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast.

]]> Which Lifestyle Do You Want? Rich or Wealthy? Ron Escoffery 00:29:15 A business owner’s goal is his peace of mind and happiness. The vehicle is a financially successful business. A scalable business is part of the plan! As an entrepreneur, he must know the importance of investing and has the consciousness to find that which will take them to their peaceful, enjoyable, and happy golden years. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the fifth episode of the African-American Business Owners Podcast, Ron Escoffery poses a powerful question to entrepreneurs who must decide whether they want to be rich or wealthy. What’s the difference between the two? Listen to the podcast to find out. A business owner’s goal is his peace of mind and happiness. The vehicle is a financially successful business. A scalable business is part of the plan! As an entrepreneur, he must know the importance of investing and has the consciousness to find that which will take them to their peaceful, enjoyable, and happy golden years. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the fifth episode of the African-American Business Owners Podcast, Ron Escoffery poses a powerful question to entrepreneurs who must decide whether they want to be rich or wealthy. What’s the difference between the two? Listen to the podcast to find out. #ronescoffery #africanamericanbusinessowners #businessowners #african #american #lifestyle #entrepreneur #rich #wealthy #investing #ronescofferypodcast no full 5 830cc87c-3d24-48df-8500-fdaced070436 Financing Your Business On the fourth episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of building a relationship with your bank, how to start understanding your business by making use of a financial management tool, and the added advantage of having a mentor.  

Topics Covered:

  • Today's podcast is called financing your business. [1:00]
  • How to obtain financing for your business [1:35]
  • Our mission is to transform you from where you are today to where you want to be in the future [1:53]
  • Money gives you options. [2:11]
  • Growing means taking a risk... means falling down a couple of times. [3:39]
  • Building true wealth is a journey. It's not an easy journey. [4:23]
  • Once you know what you're worth, you start on the journey to improve that. [6:11]
  • Because money runs through everything [7:10]
  • If it were easy, everyone would be financially well off [8:04]
  • The financial system has been failing Black-owned businesses since the beginning [12:33]
  • Credit is an integral part of the loan process [14:38]
  • You don't want more information...You want an advocate. [14:58]
  • Your financial statement is a good place to start [16:41]
  • The big banks are not your friends. [19:46]
  • Before you want to borrow a dime, start building a relationship. [20:36]
  • It’s always a plus if you tell them you're working with a mentor. [22:57]
  • Closing Remarks [23:18]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast

.

]]> Fri, 23 Oct 2020 14:37:24 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/financingyourbusiness-HfimVZ3L On the fourth episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of building a relationship with your bank, how to start understanding your business by making use of a financial management tool, and the added advantage of having a mentor.  

Topics Covered:

  • Today's podcast is called financing your business. [1:00]
  • How to obtain financing for your business [1:35]
  • Our mission is to transform you from where you are today to where you want to be in the future [1:53]
  • Money gives you options. [2:11]
  • Growing means taking a risk... means falling down a couple of times. [3:39]
  • Building true wealth is a journey. It's not an easy journey. [4:23]
  • Once you know what you're worth, you start on the journey to improve that. [6:11]
  • Because money runs through everything [7:10]
  • If it were easy, everyone would be financially well off [8:04]
  • The financial system has been failing Black-owned businesses since the beginning [12:33]
  • Credit is an integral part of the loan process [14:38]
  • You don't want more information...You want an advocate. [14:58]
  • Your financial statement is a good place to start [16:41]
  • The big banks are not your friends. [19:46]
  • Before you want to borrow a dime, start building a relationship. [20:36]
  • It’s always a plus if you tell them you're working with a mentor. [22:57]
  • Closing Remarks [23:18]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast

.

]]> Financing Your Business Ron Escoffery 00:26:12 For many business owners, scaling their business is sometimes more difficult than when they were just starting. This is because transitioning from a small scale to a larger one has its own set of challenges and growing pains that not everyone is capable of overcoming. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. For many business owners, scaling their business is sometimes more difficult than when they were just starting. This is because transitioning from a small scale to a larger one has its own set of challenges and growing pains that not everyone is capable of overcoming. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. no full 4 32253145-5c07-4d8a-aa39-15d66f0145ae Building True Wealth Thu, 15 Oct 2020 13:01:18 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/building-true-wealth-FDGQ3cXs Building True Wealth Ron Escoffery 00:33:51 no full 3 127169a7-a0e7-410d-b569-e91fa42a4773 The Lifestyle Entrepreneur Thu, 8 Oct 2020 17:01:18 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/the-lifestyle-entrepreneur-Id2MuPBo The Lifestyle Entrepreneur Ron Escoffery 00:28:03 no full 2 2a96ee16-9218-44c4-92f0-0978f9b8bd33 Welcome to The African American Business Owners Podcast with Ron Escoffery Owning a financially successful business is the surest way to build wealth. Each Thursday, join Ron Escoffery, a serial entrepreneur, real estate investor, speaker, and author as he interviews African American Business Owners who are on the path to BuildingTrue Wealth! If you are a business owner who wants financial security, less stress operating your business, and be able to exit your business on your own terms, This Podcast Is For YOU!

 

Contact Ron Escoffery:

Email: ronescoffery@gmail.com
Website: www.ronescoffery.com
LinkedIn: https://www.linkedin.com/in/ronescoffery/
Facebook: https://www.facebook.com/ronald.escoffery
Twitter: @RonEscoffery

]]> Tue, 22 Sep 2020 15:48:58 +0000 ronescoffery@gmail.com (Ron Escoffery) https://the-african-american-business-owner-building-true-wealth.simplecast.com/episodes/welcome-to-the-african-american-business-owners-podcast-with-ron-escoffery-_e_vMqHh Owning a financially successful business is the surest way to build wealth. Each Thursday, join Ron Escoffery, a serial entrepreneur, real estate investor, speaker, and author as he interviews African American Business Owners who are on the path to BuildingTrue Wealth! If you are a business owner who wants financial security, less stress operating your business, and be able to exit your business on your own terms, This Podcast Is For YOU!

 

Contact Ron Escoffery:

Email: ronescoffery@gmail.com
Website: www.ronescoffery.com
LinkedIn: https://www.linkedin.com/in/ronescoffery/
Facebook: https://www.facebook.com/ronald.escoffery
Twitter: @RonEscoffery

]]> Welcome to The African American Business Owners Podcast with Ron Escoffery Ron Escoffery 00:10:54 no full 1