GINGER
Health Benefits of
10
INSIDE THIS EDITION BUSINESS ADVICE & TIPS
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“Promoting excellence in business & ministry”Promoting excellence in business & ministry”Promoting excellence in business & ministry” ACUMEN BUSINESS PAGES Christian Business & TradeChristian Business & TradeChristian Business & Trade ACUMENACUMEN Edition 11 February 2013
In Print & Online
BWN Nikisha Jones - Pate President - Black Women Networking
a Vitamin OR
Is your business
a Pill?
Faces Adedoyin Animashaun Koyi & Headgears
www.acumenbusinessmag.com
Interview with
BLACK WOMEN
NETWORKING
the Anatomy of Do YOU Understand
The credit score?
YOU! want
Make your clients
Money! a lot of
How to get YOUR BUSINESS
To make
Meet Music Artist:
Wumi Abe
FREE
3 www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
Acumen Business Pages is a free monthly
print and online digital e mag published by
MyFaithTVNetwork Interna onal .Inc.,
ACUMEN—Chris an Business & Trade
Magazine –ACUMEN BUSINESS PAGES is
an online digital and also print publica on
published quarterly by MyFaithTVNetwork
Interna onal .Inc.,
Adverts and Comments made by the
contributors are not necessarily the views
of MyFaithTV Network. Interna onal Inc.
or it’s personnel.
Le ers & tes monies from readers are
welcome. Requests for permission to reprint
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Acumen Business Pages
Edi on 11 February 2013
Copyright 2013 All rights reserved.
MyFaithTVNetwork Interna onal .Inc
CEO/Finance Director
Olu Fashina ( Deacon)
MD/Opera ons Director
Abiola Fashina( Evangelist) Editor‐in‐chief
Graphic Designers
Abiola Fashina (Evangelist)
Bijoubel Young Tosin Fashina
Public Rela ons
Dr Stanley Jean Felicia Olatunji
Sales/Marke ng
Pedro Diaz Yessica Jean Margie Randal
Sarah Simmons Vivian Bell Timi Adepoju
Business Pages Columnists:
Abiola Fashina — Evangelist
Adolfo Molina Dr.
Amos Johnson Dr.
Dali Josipovic
Darshaun Kendrick
Nina Otuka‐Ijere
Oma Edoja
Tarra Jackson
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ACUMEN BUSINESS PAGES
Editor’s Notes
And I will give thee the treasu
res of darkness, and hidden ri
ches of
secret places, that thou mayest know tha
t I, the Lord, which
call thee by thy name, am the God of Isra
el. Isaiah 45:3
Getting the Hidden Riches! The year has started to race again. It was just like yesterday we said “Happy New year” and we are now in the second month of the year. This is the time for you to make up your mind to get the hidden riches in secret places for yourself and for your business.
Get into your secret place and begin to ask God to show you how to get the hidden riches with your business; Open your eyes to divine strategies; Give you business ideas and witty inventions. Ask for desti-ny helpers and divine connections to the people that matter who are in the positions to help you .
You have been specially packaged to succeed so give it your best this new month of February 2013.
Remain Blessed
Evang.Bibi Fashina
Evang Bibi Fashina
LETTERS FEEDBACK
I love your magazine and I think you are doing a good job.
Can you please include a fashion and beauty sec on?
Diana A. — Atlanta GA
A: Thank you for the request .We will take up the sugges on and
look for guest writers to write informa vely and with experience in
this sec on and include a sec on in our upcoming edi ons.
I went to some Kroger and QT stores in DeKalb and Cobb coun es to look for a
print copy of your magazine to pick up but could not find and was very
disappointed. How can I get a print copy of your magazine for my office and also for
my church recep on? Ronald C. – Powder Springs GA
A:We currently have over 20 whole foods stores ,African & interna onal food stores,
restaurants and offices that carry the print magazine all over Atlanta but Acumen Business
Pages print copy is not yet in Kroger and QT sta ons in DeKalb and Cobb coun es. You can
find them in Gwinnet county loca ons .This is where we have to date had the larger
amount of adver sement and requests. As soon as we begin to get requests for adver se-
ments at these other loca ons we shall expand our distribu on to those areas. For now
you can go to the Business Pages page on our website and order for a print copy to be
mailed to you/your church. The magazine is free but you will have to pay $3.00 S& H.
www.facebook.com/acumenbusinessmag
4
14 AMOS JOHNSON
How to get your
business to make money
DARSHUN
KENDRICK LEGAL LIFE
LESSONS
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
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MEET CHANDRA JORDAN PG 21
MEET WUMI ABE PG 26
CHURCH LISTING BACK PAGE
STORYCoverPage
Jones—Pate Nikisha
YOU! want
Make your clients CONTENTS
the Anatomy of Do YOU Understand
The credit score?
Interview with Faces &
A SALUTE TO
B.W.N. (BLACK WOMEN
NETWORKING)
a Vitamin OR
Is your business
a Pill?
Headgears
You are invited to join us every day of this life changing
conference.
5 www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
ACUMEN ; (ˈækjʊˌmɛn,əˈkjuːmən)
WHAT DOES OUR NAME
MEAN?
The word is a Latin word from the 1530s which means "a point, sting," hence "sharpness, shrewdness," from acuere "to sharpen" .
ACUMEN is the ability to judge well; keen discernment; insight
ACUMEN means quickness, accuracy, and keenness of judgment or insight.
BUSINESS ACUMEN is keen-ness and quickness in under-standing and dealing with a business situation in a man-ner that is likely to lead to a good outcome.
[1] The term "business acumen" can be broken down literally as a composite of its two component words:
Business literacy is defined in SHRM's Business Literacy Glossary as "the knowledge and understanding of the fi-nancial, accounting, market-ing and operational functions of an organization”
[2] The Oxford English Dic-tionary defines acumen as "the ability to make good judgments and quick deci-sions".
[3] Given these textbook definitions, a strictly literal definition would be "keenness
and quickness in under-standing and dealing with a business situation”
http://en.wikipedia.org/wiki/Business_acumen
What Should You Take Away?
What best describes what YOU do for a living? Are you a vitamin (prevent problems) or a pill (solve problems)?
One of the best ways to describe what it is that KLP does it to put it this way: We PREVENT problems as opposed to SOLVING problems, hence why we are vitamins and not pills. (It should also be noted that while we are VERY good lawyers…we are not magicians.
We cannot pull things out of a hat that aren’t there but that’s a side note and I digress)
The distinction between being a VITAMIN vs. a PILL is an important one for a business as it should guide your business strategy and, more importantly, your marketing strategy.
My Story [based on my Firm or other business owners' stories] If you are a VITAMIN (you prevent problems), you can see how it’s differ-ent than marketing yourself as being a problem solver.
It’s almost like being a doctor—-most people don’t do the yearly checkups, eat right, exercise, etc. until a problem aris-es and then they run to the doctor to “fix them.”
It must be human nature to wait for a problem and then seek out someone to
“fix them.” But alas, for most legal problems, by the time you get to litigation, there is no fixing…at least cheaply without wasting time
and lots of money. So KLP focuses on preventing the problem as much as pos-sible in the first place.
Aaahhhhh yes—-we are a Flintstone vitamin. Cherry flavored perhaps?
Now, since KLP is a VITAMIN, we have the extra hard task of convincing you, the business owner that you should invest NOW to save LATER and if the number of Americans that actually have saved for retirement is any indication, this message doesn’t resonate with most people.
So KLP’s marketing has to be witty—crafty—-very persuasive. That’s partial-ly the reason for my “Legal Life Lesson” blogs is because I give real world, practical examples of what we do and the consequences of not taking pre-ventive measures BEFORE you have a problem.
Legal Life Lessons Is your business a vitamin OR
a pill?
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 6
Why Kendrick Law Practice?- We SAVE you money by:
Providing access to comprehensive legal AND business advice and consulting, creating value for your company’s invest-
ment in us.
Mission: To provide Georgia business owners with PASSION FOR and ACCESS TO CUSTOMIZED and personal business AND legal services, including docu-ment drafting, document reviewing and negotiating services.
KLP offers comprehensive business and legal advice to small business owners in Georgia with the mission of keeping them "IN business and OUT of Court".
General Information: KLP is authorized to practice law ONLY in the STATE OF GEORGIA. If you or your businesses do not reside in the state of Georgia, you are NOT ENTITLED to rely on KLP's "Business Legal Tips" insofar as they retain to "legal" not "business tips". KLP focuses on the following three main areas of business law: docu-ment drafting, document reviewing and negotiating services)
The “Legal Life Lessons” Series was started by Attorney Kendrick in 2012 as a way to showcase real life legal situations that either she has experienced or those within her networks have experienced. The goal is to move away from boring, white paper style discussions about the law and focus on creating comfortable conversations about real experiences in the life of Georgia business owners.** Mission Statement: To provide Georgia small businesses PASSION for and ACCESS to HIGHLY CUSTOMIZED and PERSONAL busi-ness advice AND legal counseling, including document drafting, docu-ment reviewing and negotiating services.
DISCLAIMER: Kendrick Law Practice and its attorneys are ONLY authorized to practice law in Georgia and NO OTHER territory, state or country and therefore any and all legal advice is only applicable for businesses and individuals that reside and/or located in the State of Georgia. Additionally, please be advised that this communication does not create an attorney-client relationship unless there is a signed or electronically filed retainer agreement on file with the Firm.
Keep in Touch with Kendrick Law Practice: (1) Monthly Enewsletter- Visit http://www.kendricklaw.net (2) Facebook- http://www.facebook.com/kendricklawpractice (3)Twitter- http://www.twitter.com/kendricklaw (4) LinkedIn- http://www.linkedin.com/in/darshunkendrick (5) Blog Discussions- http://www.kendricklaw.wordpress.com (6) Blogtalkradio- http://www.blogtalkradio.com/kendricklawpractice (7) Youtube Channel- http://www.youtube.com/user/KendrickLawPractice1 (8) Google Plus- h p://gplus.to/KendrickLawPrac ce
Attorney Dar’shun
Kendrick,
7
Is your business a vitamin
For example, my “pitch” to prospective clients usually goes something like this at events: Me- “Hello, I’m Dar’shun Kendrick. I own a business law firm that keeps GA small businesses “IN business and OUT of Court” through document drafting, document reviewing and negotiating services.
Since I have an MBA, we provide business counseling and legal advice for all our clients.” (Note it’s short, sweet and includes my mission statement.) Potential Client- “ok. Great.” *Takes my card. “Well hope-fully I won’t need you.” Me-*After a short, nervous giggle because I realize they did-n’t hear or understand the mission statement I just professed. “You need me right now. That’s the point. We are lawyers that keep you OUT of trouble. We are a VITAMIN as op-posed to a PILL.” Potential Client- “oh…I get it. We should talk.” Me- “Yes…yes, we should.”
A few lessons to be learned: Call to action! So if you are a VITAMIN like KLP, here are a few practical lessons to be learned about overall business strategy and marketing yourself as a VITAMIN, which goes against human nature to wait for a PILL:
1. Be clear in your communications WHY the prospect should take you, the vitamin (Ex. Higher costs of court and attorneys, headaches, wasted time in Court, etc.) 2. Provide real life EXAMPLES of you, the vitamin, in action
(Eg My “Legal Life Lessons” or examples from clients, protecting their communications of course) 3. Focus your efforts on those that have already PROVEN they like vitamins over pills (Eg. Most of my speaking engagements have PAID partici-pants; this shows the prospect is willing to INVEST.)
NOW…go forth and BE A VITAMIN—but make sure you’re packaged in such a way that you’re easy to swallow
DISCUSSION QUESTION:
Are you a VITAMIN or a PILL?
Legal Life Lessons OR a pill?
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 8
9 www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
W.N represents (Black
Women Networking ).
The group was set up to celebrate, sup‐
port , and elevate black women in busi‐
ness.
BWN welcomes entrepreneurs, execu‐
ves, leaders, advocates, supporters,
interns, students, professionals, new
beginners and dreamers or whatever
posi on the women want to be.
B.W.N. is all about the Empowerment,
Edifica on and Spiritual Growth of the
Black Entrepreneurial Woman.
To provide the much needed support to
encourage them to take their business to
the next level. To celebrate the women's
successes. No big I's or li le U's.
B.W.N. currently strongly operates as
one from the southern states of Atlanta,
GA and Mobile, AL to other ci es in the
United States all the way to the UK and
in unity they strengthen each other!
BWN was designed to help black
women START and BUILD BUSINESSES
and help exis ng women
entrepreneurs to GROW their
businesses.
Every Thursday BWN holds its weekly
one hour conference call book reading
and empowerment session @ 6PM at
which they read & discuss the principles
in the #1 business selling book ”Think
and Grow rich” by Napoleon hill.
The first half hour of the session is spent
reading the book and the next half hour
is spent discussing the chapter that was
read.
The number to call to join the session is:
218 844 02850 Pin # 988642#.
Anyone can join this call.
Once every month on the third Thursday
from 7pm –9pm the group holds its
monthly mixer where members of the
group and women interested in joining
the group and promo ng themselves and
their businesses a end to network with
other women and get informed and net‐
work to grow their business.
The monthly mixer is held @ Joe's Crab
Shack @ 4300 STN. MTN. HWY
LILBURN,GA 30047
BWN BLACK WOMEN NETWORKING
* Empowerment * Support * Eleva on *Celebra on
Join Us for
Date: Thursday February 21 2013
Location: Joe’s Crab shack 4300 STN. MTN. HWY LILBURN,GA 30047
Time: 7.00pm — 9.00 pm
BWN Our Monthly Mixer for February 2013
Come with a lot of business cards & get ready to take your business to the next level !
* Empowerment * Support * Eleva on * Celebra on
BLACK WOMEN
NETWORKING
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 10
11 www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
BWN BLACK WOMEN
NETWORKING President - Black Women Networking
Nikisha Jones—Pate – is a dynamic wife, mother, entrepreneur (mom‐prenuer),a 2nd genera on hair, beauty and image
consultant. In conjunc on with her husband she operates a 100% Organic gourmet coffee distribu on business which they
currently distribute interna onally in 29 countries world wide and growing. They also advise as Health/Wellness consultants.
“ It is my goal that as we elevate our communi es financially that we enforce the responsibility of taking care of ourselves
bodies mind and soul by making healthier choices.”
Nikisha is a charisma c, mo va onal speaker and astute business entrepreneur.
She is the Founder and President of the BWN. “As a woman I personally celebrate
all women and regard them with the highest respect. Women are very uniquely
designed by God. There are few black women that become successful entrepre -
- neurs because of today's lack of support and informa on, we promote each
other to grow their business as well as expand their customer base”.
BWN was designed with the average black women in mine. The group consists
of professionals, leaders, business owners large and small, poli cal figures
and ladies that are looking for mentorship to become successful
business owners and entrepreneurs. “I started BWN just over
2 years ago from a vision my mother and I had many
years ago it took her passing over 3 years ago for
me to get it done because I thought she would
always be here for us to do it together. “
BWN organizes annual colon cancer benefit
dinners; one in Mobile Alabama and one in
Atlanta Georgia. “I feel so strongly about
this since the loss of my mother– Mary
Ola Jones - Munnerlyn— in 2009 .As a
result I've found purpose and I've
become a advocate against the deadly
disease "Colon Cancer" to which we
have lost so many in our communi es
prematurely to because of lack of
awareness and funds made available. Last
year her birthday Nov.4th I began the annual
benefit dinners in memory of her and to honor
survivors and care givers and give inspira on to the
families who experienced the loss.”
What are BWN goals for 2013?
“We will con nue to empower, support ,elevate and celebrate our
women. We will organize seminars, mixers and educa onal programs
to help them succeed. Finally we will also look into programs to educate
our young teens and school girls about entrepreneurship skills, business
& finances and how to become strong black women in the community.”
Jones ~ Pate Nikisha Meet
* Empowerment * Support * Eleva on * Celebra on
A: Tell us about yourself.
AAK: My name is Mrs. Adedoyin Animas‐
haun‐Koyi, married with two beau ful
sons!
Hailing all the way, straight from Lagos,
Nigeria. CEO of Faces & Headgears and
Garne Events LLC.
In 2007, I looked at the state of my fi‐
nances, my career path and the problems
associated with "corporate America" and
decided to do change my direc on.
However, I was determined to make the‐
se changes ONLY making sure I was doing
what I loved!!!
I decided to start my own business! I had
a certain flair for weddings! You know,
the same old story. Yes, I have been plan‐
ning my own wedding, since I was a li le
girl. So, I capitalized on my natural innate
knowledge of event planning and coordi‐
na ng. I registered Garne Events.
While I was at it, I later discovered my
other talent, looking good.
I came into the "Gele" business; I would
say, by chance or really God's grace! I
started by tying the "Gele" on my own
head! I always tried to make sure it
looked perfect and on point!! Before I
knew it, people where asking me to help
e theirs. Then people started no cing
too and sugges ng, I had be er start
charging a fee. Then one day realized,
I had ed almost every gele at a party.
This made me realize, I could make
money doing this! Before then, I had
heard of my mentor and teacher, Mr.
Segun gele. So, instead of prac cing "trail
by error," I went to him in Houston, TX.
for proper training. I also got training as
a professional make‐up ar st.
A: How did you come up with the name:
"Faces & Headgears".
AKK: I brainstormed with my husband
and mum, we agreed to that name.
A: What fascinated you about head-
gears?
AKK: Have you ever heard the statement,
"A woman's hair is her crowning glory?"
Well in my opinion, the "GELE" would
then be her crowning glory!
Well, as far as "African culture" is con‐
cerned. For some African cultures;
par cularly in mine as a Yoruba woman,
the head e is part of our tradi onal
a re. I strongly believe, if you are going
to e it on your head, then it should be
done appropriately.
Believe me, if you take me to do this you
would be "the crowd stealer and pleaser"
at ANY event.
A:What type of services do you offer?
AKK: I am a make‐up ar st, head e
stylist and an event planner extraordinn‐
naire!!! I cater mostly to brides. I offer
services for every special occasion e.g.
Birthdays, prom, photo shoots, fashion
shows and surprisingly, everyday looks;
when you just want to be pam‐
pered and look great for that
special day out. I have people
that come from afar with 5 or
more head es. I e them,
they keep them in storage at
home like hats and whisk them
out, ready for use.
I have special tradi onal a re
and jewelry for any special occa‐
sion; and of intricate detail, head es ,
feather fans and other accessories for
sale. I Also, aso‐ebi [large par es] in ALL
forms also available (head es, Ankara,
damask, aso‐oke, guinea brocades, laces
and Georges]
I offer event planning, decor and coordi‐
na ng services for weddings, special occa‐
sions or corporate events e.g. fashion
shows, fundraisers, concerts, fes vals etc.
Every event is unique thus special needs.
Pricing comes as a package along with
your needs. I work with every budget and
everything with me is nego able. Howev‐
er, I charge $10 for every unique head e.
CONTACT ME FOR EVEN THE SMALLEST
QUESTION: 678-524-3798, Friend/like
me on Facebook by my name or
“facesandheadgears”.
garne [email protected]
Website: WWW.LOOKSANDEVENTS.COM
Faces & Headgears
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 14
A: Tell us a bit about your events.
AAK: I have hosted several events,
weddings, par es, fashion shows and
photo shoots. You can view my pictures
on Facebook and my website. By the
special grace of God, I have had TRE‐
MENDOUS response and support from
my family, friends and repea ng
clientele.
A: What makes you unique?
AAK: I can be separated from everyone
else in this same business because I do
what I love and I am not just interested
in making money. The quality of my
brand is very important! I am constantly
evolving and improving on my talent by
adding more knowledge and services. I
take classes and a end several confer‐
ences to improve my skills as a profes‐
sional. I keep up with vast informa on
daily, about the beauty, fashion and
event industry. “Time is of essence.” My
me and your me are very valuable. I
always strive to do my work in a mely
manner!
A: What influence has your faith had on
your business?
AAK: God is ALWAYS #1. He is the au‐
thor and finisher of my faith! He has
seen me through every storm. Yes, there
are storms. With him ALL things are pos‐
sible. He keeps me going; every li le
drop one day will make a mighty ocean.
A: What mo vates you the most?
AKK: . My family, friends, both in church
and all over; are my “spoke people”.
I value them greatly!! They are mostly
the ones that gave me the first chance to
show my work and put myself out there!
The first wedding, using their faces and
heads for prac ce etc.
Most of my business is based on word of
mouth and referrals, the rest from ad‐
ver sing. My loving husband, I always
call him “my manager”. He is the loudest
voice I have out there! Even when I don’t
feel like being bothered or networking,
he does it for me.
I thank God for all the special people
God has surrounded me with. They keep
me going by constantly reminding me
they are very proud of me.
A: How lucra ve is the head e
business?
AKK: So far this business has been very
lucra ve. There are always ups and
downs. People don’t always want to pay
for this quality of work. However, on the
long run those who appreciate and
understand the stress and cost involved
with my line of work are always willing
and con nue to patronize me.
A: What advice will you give people
interested in star ng this type of ?
AKK: To survive in this business you need
to strive to offer excep onal customer
service always and a handful of pa ence.
A good name is worth more than gold or
silver. People will test your nerves; try to
remain calm in all situa ons. I do have
professional, one‐on‐one and hands on
training available. For people who just
want to learn on a personal level, how to
make themselves look beau ful .Host a
makeup party: gather your friends and I
can give you a few ps. My general ad‐
vice: don’t just get into any line of busi‐
ness because people are “seemingly”
making money from it, find out your real
passion and go for it. In the end, God and
your passion is what keeps you afloat
when the storms rage.
A: Thank you for gran ng us this
interview. What is the next level for
you now?
AKK: Expansion! The next level is
definitely s ll up higher!!! A store front,
the sky is not the limit for me. There is
no limit to where I am going with my
business by God’s grace.
Faces & Headgears
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 15
16
The three main credit reporting agen-cies; Equifax, Experian & Transunion, use their own algorithms to calculate credit scores and they each have sev-eral ways to calculate it. Fair Isaac Company also computes and sells credit scores, known as FICO Credit Score, has more than 50 scoring models. This means that there are numerous variations of a credit score. The good news is, based on CFPB’s research found that most of the scores pulled by consumers and other organizations are consistent by at least 75%. Between 20% - 25% of the scores that consumers purchase were moderately different enough to move them into another credit grade that financial institutions use to de-termine what consumers may qualify for loan rates. The remaining 1% - 5% of the consumers’ scores was significantly different.
Note: FICO offers a calculator that lists the range of interest rates of-fered based on FICO score. This of course may differ based on the finan-cial institutions rates offered.
What is not widely known is that there different types of scoring mod-els that are based on the information the financial institution or business wants to analyze. For example, a credit score for a credit report pulled
by an auto dealership may differ from the credit score of a credit report that is pulled by a fi-nancial institution. This is because the auto dealer may mainly want to focus on a consumer’s payment his-tory on auto loans, regardless of the financing company or financial insti-tution. However, the financial institu-tion’s credit score may be based on a consumer’s entire payment history on all trades reporting on the credit re-port. Another familiar type of scoring model is the one used by Utility Com-panies.
Are Consumer Purchased Credit Scores Different from Financial Institution Credit Scores?
“When consumers buy a credit score, they should be aware that a lender may be using a very different score in making a credit decision.” Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), said in an email statement.
Regardless the scoring model, the fact holds true that if you have good credit, you will have high or good credit scores on them all and if you have “colorful” or bad credit, you will have low or bad credit score on them all.
What important is that you under-stand the “Anatomy of the Credit Score.”
35% is based on your payment history.
30% is based on how much of your available cred-it you've borrowed against.
15% is based on the length of your credit history.
10% is based on the diversity of credit you carry.
10% is based on the number of “hard inquiries” from creditors to qualify you for credit or open an account.
Other types of scoring modes are Bankruptcy Scores and Fraud Shield Scores.
A Bankruptcy Score determines the likely hood of a consumer to file for bankruptcy. Many lenders use it to determine whether or not they will loan you money. A bankruptcy score also may influence the interest rate that you may qualify for on a loan. Bankruptcy Scores are not generally shared with the public. The lower the Bankruptcy Score the better. A Bankruptcy Score of 1 – 100 is ideal. A score of 300 to 900 indicates that you need to improve your credit by paying down debt especially on re-volving lines of credit, like credit cards. A Fraud Shield Score identifies inconsistencies between application information and credit report data. Just as the credit score, the higher the score the better.
If you have low Fraud Score, the lending institution many request or require additional document to verify your identity. Don’t give them a hard time though, it is for your protection.
the Anatomy of Do YOU Understand
The credit score?
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
As with anything, financial and credit knowledge is Key to your Prosperity.
STEP 1:
Understand where you are with your credit.
Pull your credit report to see what is reporting. You are able to get a least one free copy of your credit report from all credit bureaus. Go to AnnualCredit-report.com.
If there are several past due payments or lots of collections reporting, you may want to save your money and work on restor-ing your credit. Try the myFI-CO.com Credit Score Calculator to start.
If all accounts are paid as agreed with no collections re-porting, you may want to invest in purchasing your credit score to see where you are.
Start at FreeCred-itScore.com. The score may be free, but make sure you read the disclosures to ensure that you are not required to sign up for a monthly monitoring service.
STEP 2:
Ask for help. Regardless of whether you need assistance with restoring your
credit or improving your credit to increase your credit score, don’t be afraid to ask for assistance.
Below are a few great options to assist you.
Angie Jenkins, Credit Score Queen-www.CreditScoreQueen.com
National Credit Educational Services www.NCESNow.org
STEP 3:
Assess your spending habits, budget and savings plan.
This is crucial with rebuilding or maintaining your credit.
Feel free to contact me for as-sistance through
My monthly Common Cents Newsletter, My weekday Madam Money Minute Financial & Credit Tip Texts by texting MADAMMONEY to 46786, Registering for a Madam Money Financial Boot Camp,orFor One on One Financial Coaching
Contact me at the information below: Tarra Jackson, Financial Coach Prosperity Now Financial Management Services
[email protected](404) 852-6295
We are all looking for-ward to be-ing a re-source to you towards your Prosperity Now!
Understand The Anatomy of The credit score
Tarra Jackson
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 17
Is your solution faster? Easier?
Does it have a proven track record?
Is it structured? Flexible? Mission-centered?
Does it save time/money/effort?
Does it help create more time or money or provide more support?
Does your solution positively impact the en-vironment?
What common experiences do you share with your audience that your competitors may not?
Does this portray you as being better able to understand them than your competitors?
What unique skills or personal characteris-tics do you have?
Is this difference of any value to your prospects and clients?
You must be able to show how your difference could benefit your prospects or someone /something they care about.
18
Here are 2 very important questions that you must be able to answer, to keep on getting steady clients.
You must have a confident and authentic answer for yourself, so you can appreciate the value you deliver.
And you must convey this in all your marketing, so your audience can appreciate the value you deliver.
Here are the 2 important questions:
Why YOU? Why TODAY? Simple but potent!
You must help your prospects to see the unique value in working with you. This must be some-thing they cannot get from your competitors. You must also help them see the benefits of working with you from TODAY, so they are less likely to keep putting the decision off till tomorrow, which may never eventually come!
Here are some questions to help you think of ways to demonstrate
“Why you?”
What is different about what you deliver?
What is different about your personal interaction with your prospects and clients?
YOU! want Make your clients
WHY TODAY? WHY YOU?
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013
Oma Edoja is an author, speaker and Women's Business
Growth Mentor who is passionate about empowering
women! She is the UK's go‐to‐gal for ambi ous women
entrepreneurs who want to get more clients, make more
money and make a bigger impact through their work.
Oma is the author of "The
Essen al Get Clients Guide:
14 Reasons Women Business
Owners Struggle to Get Clients
and How to Avoid Them."
She invites you to download your FREE copy at
www.TheEssen alGetClientsGuide.com
YOU! want Make your clients
WHY TODAY? WHY YOU?
Here are some questions to help you think
of ways to show “Why today?”
Will your prospects save money/make money if they work with you?
Would it be more beneficial to start saving/making this money TODAY?
How much money could they save/make if they start with you today?
How much money could they be losing for every day they are not working with you?
How much time could they save by working with you? (Use their hourly rate to quantify this time savings. Ask what they could do with this spare time/saved money).
How much time could they lose by not working with you? (Quantify this time loss monetarily. Ask what they could do with this saved time).
Who else benefits when they work with you to solve their problem?
What is the impact to this person if they delay the solution?
How would it impact this person if they start the solution TODAY?
Would they receive any kind of bonus if they started with you today?
What/how much could they lose in bonuses if they do not start today?
If your solution brings prestige or makes the prospect feel good, what is the benefit of gaining this prestige or feeling good starting today?
What is the impact of living without this pres-tige/without feeling good for another day?
In your selling conversations be sure to demonstrate to your prospects why you are the best person to help them. Also be sure to show, in terms they appreciate, why it is to their advantage to start today and what they lose for every day that they do not work with you. Quantify this in the ways that matter to them. Not everyone, for instance, wants to save money. Find your prospects’ hot buttons and “press” the-se in your demonstration. This way, you will con-vert more sales, make more money and be able to make a bigger impact!
P.S. Remember to always use your influence with integrity. Remember that as a transparent and honorable entrepreneur, your aim is not to manipulate but to help your prospects get the solutions they need. By showing them “Why you?” and “Why today?” you help your prospects over-come procrastination and invest in a solution that will in some way improve their lives and those of others. Your insights and your feedback are warmly wel-come. Do write in and share!
www.acumenbusinessmag.com Acumen Business Pages Edi on 11 February 2013 19
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PROFESSIONAL PROFILE
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ENTERTAINMENT
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6 www.acumenbusinessmag.com Acumen Business Pages Edi on 7 October 2012
WHAT DOES ACUMEN MEAN?
ACUMEN ; (ˈækjʊˌmɛn, əˈkjuːmən)
The word is a Latin word from the 1530s which means "a point, sting," hence "sharpness, shrewd-ness," from acuere "to sharpen" .
ACUMEN is the ability to judge well; keen dis-cernment; insight
ACUMEN means quick-ness, accuracy, and keenness of judgment or insight.
BUSINESS ACUMEN is keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome.
[1] The term "business acumen" can be broken down literally as a composite of its two component words: Business literacy is defined in SHRM's Business Literacy Glos-sary as "the knowledge and understanding of the financial, account-ing, marketing and operational functions of an organization”
[2] The Oxford English Dictionary defines acumen as "the ability to make good judg-ments and quick deci-sions".
[3] Given these textbook definitions, a strictly literal definition would be "keenness and quick-ness in understanding and dealing with a business situation”
http://n.wikipedia.org/wiki/Business_acumen
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