Surviving The Game


10th Annual STG Minneapolis Conference Agenda

Friday July 17th, 2015 1:00pm-6:30pm Tentative

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You’ve done your research and critical thinking and you still want to start a business?  Then, your next step is to determine if your idea is just a good idea or an actual business idea.

A Business Opportunity Vs. A Business Idea

Not all ideas can be turned into successful businesses. A Business Idea is an idea is that looks good and sounds good, but doesn’t meet a customers need. A Business Opportunity is is a business idea that also meets a consumer need.

Four Rules For Running Your Own Business

• Meet a consumer need

• Create value

• Keep good records!

• The customers’ needs should come first!


Who are the people who make up your unique market? (The people in your “sphere” friends, family, neighbors, classmates, community members & colleagues.)

Owning your own business is one of the best ways for creating wealth. But first, there are a few steps that you need to consider before launching your idea.

The first step is to do some critical thinking about entrepreneurship.

1. What would be the best thing about owning your own business?

2. What would be the worst?

3. Would you rather be an employee or an entrepreneur? Why?

4. Do you think the number of business owned by people of color and women are increasing?

Write these questions and answer them honestly. You may find that your really don’t want to start a business at all. However, if your dreams, goals and passions have been stirred by these questions, then becoming a business own may be for you!

Stay tuned for part two!


Now that you have your credit report in hand and you know what your credit score is, how do you make sense of it all?  Your credit report is a document that has all of your personal info such as address, name, birthday, etc. Credit account info such as balances and amount owed as well as bankruptcies, liens and judgments will all be found there.

As we said in the last post, creditors will look at how you pay your bills.

Do you pay on time?

How many credit cards do you own?

How much do you owe on all of your accounts?

This info gets reported to all three agencies. If you’re not paying on time, your credit score will be lower than if you pay promptly. Bottom line? If you want good credit, pay your bills on time!

Young people, do you know your credit score? Let’s face, some adults may not know it either.

Fact: Credit score can range from 300 – 850. Most people have between 600-700.  To calculate your score, you have to have had at least one account that has been opened or updated within the last six months.  Whether you are paying those cell phone bills and credit cards on time can effect your score.

To get a free copy of your credit score, you can contact:

Equifax –

Trans Union –

Experian –

It’s never too early to start building up and taking a serious look at your credit. Knowing is half the battle!