Category: Small Businesses

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Self-Improve Small Businesses Workforce Development

The Superhero Journey of Being an Entrepreneur

Being an entrepreneur is like being a superhero, constantly learning to figure oneself out and going through life’s ups and downs with answers constantly coming through. It’s a challenging but fulfilling path that involves wearing all kinds of hats and facing fears of being different.

As a child, many entrepreneurs may have feared standing out from the crowd, but as they progress through each stage of their business journey, they learn to embrace their uniqueness and become comfortable with being different. This acceptance is not always easy, as entrepreneurs may find themselves being accepted by the norm one minute, and then being unaccepted the next. The cycle of acceptance and rejection can be challenging, but it is all part of the journey.

Entrepreneurs are loved by some, hated by others, and are often subject to high expectations. They strive to make the majority of their customers happy with their products and services, but some will never be satisfied, and this is something that they must accept.

However, as entrepreneurs, they learn to accept all results, and not take offense to any level of criticism thrown their way. They evolve and change every minute to adapt to the constantly changing business landscape, and learn to handle the lows and control their excitement during the highs. Nothing is too much or too little for them, and boredom is a non-existent concept.

Each day brings new opportunities, and entrepreneurs crave the excitement and challenges that come with it. They prepare themselves every morning and are ready to hustle out the door. They appreciate all things in life because they know that all things and people matter in the ecosystem of business. They give thanks daily for everything that they have.

Despite the rewards of being an entrepreneur, it can also be a lonely path. Entrepreneurs often feel isolated because no one else understands the challenges that they face. But this is a cost that they are willing to pay to pursue their passions and create something of value for the world.

Being an entrepreneur is like being a superhero. It involves constantly learning, evolving, and facing fears. Entrepreneurs must wear many hats, accept all results, and learn to adapt to the constantly changing business landscape. While it can be a lonely path, entrepreneurs appreciate everything in life and are always ready for the next challenge.

Need Helps lauching your new businesses?

If you’re ready to take the next step in launching your new business, don’t go at it alone. The New American Business Association and Di Tran Enterprise are here to support you every step of the way. Our team understands the importance of having a strong support system when starting a new venture, and we’re here to provide you with the guidance and resources you need to succeed.

Whether you’re looking for advice on business planning, financing, or marketing, our team has the expertise and experience to help you navigate the challenges of launching a startup. With our help, you can feel confident in your ability to bring your vision to life and build a successful business.

So why wait? Contact the New American Business Association or Di Tran Enterprise today to schedule a consultation and learn more about how we can help you launch your new business with confidence. We look forward to hearing from you and helping you achieve your entrepreneurial dreams!

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Leadership Development Self-Improve Small Businesses Workforce Development

Empowering Young Leaders at JusticeFest: Reflections from Di Tran

Viet Bao - Di Tran CEO - JusticeFest Panelist
Viet Bao - Di Tran CEO - JusticeFest Panelist

JusticeFest is an annual event presented by Churchill Downs, Humana, and Park Community Credit Union that brings together Jefferson County students from grades 3-12 to pitch solutions to community-wide issues. This year, JusticeFest was produced as part of the Derby Equity and Community Initiative, with Kentucky Derby Festival, Churchill Downs, and Humana.

Style ‘N Go – Braiding for Student

Among the panelists at JusticeFest was Di Tran, the author of “Drop the ME and Focus on the OTHERS” and the soon-to-be-released book “Drop the FEAR and Focus on the FAITH”. As a business owner and a leader in the community, Di Tran understands the importance of empowering young people to create positive change.

Di Tran shared his story and experiences as a business owner with the young leaders at JusticeFest. He is the owner of Louisville Beauty Academy, a beauty school that has graduated over 1000 students, and Louisville Institute of Technology, an IT apprenticeship program that prepares students for the workforce from day one.

NewComer Academy – JCPS Students

Di Tran was impressed by the creativity, intelligence, and passion of the young leaders at JusticeFest. He was honored to be a panelist and learn from them. In his upcoming book, “Drop the FEAR and Focus on the FAITH,” Di Tran emphasizes the importance of having faith in oneself and in God. He believes that with faith, anything is possible, and one can overcome any obstacle. The young leaders showcased at JusticeFest embody this message, as they tackle community-wide issues with confidence and conviction.

JusticeFest is an event that provides opportunities for young people to showcase their talents and ideas. It allows them to learn from business and community leaders, mentors, advisers, teachers, and other professionals. Di Tran is grateful for events like JusticeFest that empower young people and inspire positive change in the community.

JusticeFest is an important event that showcases the creativity and passion of young leaders in the community. Di Tran’s participation in JusticeFest and his appreciation for the young leaders highlight the importance of empowering young people to create positive change in their communities.

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Community Leadership Development Small Businesses Workforce Development

Di Tran’s Encounter with Dr. Price: A Message of Progress and Equity

Dr.Price and Di Tran
Dr.Price and Di Tran

On February 16th, 2023, Di Tran attended a weekly event hosted by the Rotary Club of Louisville where she had the opportunity to meet with Dr. Price. From the start of their conversation, Di Tran was struck by Dr. Price’s opening statement, “I pray that God talk through me, and to you today.” It was an indication of the deep connection that Dr. Price had to her faith and a sign of her sincerity in addressing the issues that affect the community.

Dr. Price introduced herself as a member of the Urban League, a non-profit organization that aims to promote economic empowerment and social justice for people of color. She described how she starts her staff meetings with a reflection on the past, present, and future of the Urban League. She spoke with conviction and confidence that the past is obsolete, the future is obsolete, and the current state of progress is where the focus should be. She emphasized that the community must work together to create a future where there is no need to talk about equity, especially for black and brown people.

Dr. Price’s message was about leaning into discomfort and feeling it for others. It was a call to action for people to step outside their comfort zones and confront the challenges facing the community. She stressed the importance of taking practical steps to address the issues that prevent people from realizing their full potential.

One practical example that Dr. Price shared was the accessibility of Kumon tutoring for underprivileged children. Di Tran was highly aligned with this idea, recognizing that education is one of the keys to breaking the cycle of poverty. Dr. Price’s emphasis on the importance of practical solutions and small steps resonated with Di Tran and many others in the room.

Dr. Price’s message was one of hope and progress. She talked about the future of the city being bright because of people like herself and Di Tran coming together to do small things that add up. It was a reminder that positive change is possible, and it starts with each individual making a difference in their own way. Di Tran left the event feeling inspired and encouraged to continue making a positive impact in the community.

In conclusion, Di Tran’s meeting with Dr. Price at the Rotary Club of Louisville’s weekly event was a reminder of the importance of focusing on others and having faith in the future. As Di Tran writes in his first book, “Drop the ME and Focus on the OTHERs,” the key to personal and professional growth is shifting our attention away from ourselves and towards those around us. Dr. Price’s emphasis on leaning into discomfort and feeling it for others, as well as her commitment to providing resources like Kumon tutoring for underprivileged children, are shining examples of this principle in action.

Drop the FEAR and Focus on the FAITH by Di Tran

As Di Tran prepares to release his second book, “Drop the FEAR and Focus on the FAITH,” we can look forward to further insights and inspiration on how to navigate the challenges of life and work with courage and conviction. With the guidance of leaders like Dr. Price and the example of Di Tran’s own journey, we can all strive to become better, more compassionate, and more effective in our personal and professional lives.

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Community Self-Improve Small Businesses Workforce Development

Surrendering to God and Filling the Emptiness: A Profound Conversation with Liz Curtis Higgs

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Who is Liz Curtis Higgs

Liz Curtis Higgs is a bestselling author, speaker, and Bible teacher. She was born in Kentucky, USA, in 1953, and grew up in a Christian family. She has written more than 30 books, including non-fiction works on topics such as biblical studies, women’s issues, and Christian living, as well as novels and children’s books.

Liz Curtis Higgs

Higgs is perhaps best known for her Bad Girls of the Bible series, which explores the lives of women in the Bible who made mistakes or broke the rules, such as Eve, Delilah, and Bathsheba. Her books have sold millions of copies and have been translated into numerous languages.

In addition to her writing, Higgs is a popular speaker and Bible teacher, and has traveled extensively to speak at conferences and events. She has also appeared on numerous television and radio programs. Higgs currently lives in Louisville, Kentucky, with her husband, Bill, and their two children.

Di Tran’s Meeting with Liz Curtis Higgs

Meeting Liz Curtis Higgs was a truly wonderful experience, and it was clear that God was working through both of us during our conversation. We talked about surrendering to God and the moment when we each became aware of the presence of the divine in our lives. Liz shared a profound insight with me, that our hearts, souls, and cores are like empty vacuum spaces that are constantly seeking to be filled with something.

As humans, we often seek to fill this emptiness with material things, food, alcohol, negativity, anger, power, success, or any number of other things. But what we fill up with truly matters, and the answer to our seeking is much simpler than we might imagine.

Di Tran + Liz Curtis Higgs

The answer has always been with us, as God is within each of us. We have everything we need, including the most powerful of all things, our spirit, which is in harmony with the infinite divine universe. The challenge is that we often don’t let our spirit do its job, as we try to control everything in our lives.

What we need to do is surrender and let go of our self, so that our spirit can run its course naturally and manifest the things we desire. This is in alignment with the idea of “Drop the FEAR and Focus on the FAITH,” which I explore in my upcoming book, the guide to faith by understanding fear and worry, and surrendering them so that God has the space to work through us.

It’s clear that filling the emptiness with things outside in the world doesn’t fill it. We need God as the energy to fill that space, and surrendering to God allows this energy to flow freely.

I’m so grateful for my conversation with Liz, and for the wisdom she shared with me. It’s clear that God is working through her, and through each of us, in ways that we might not even realize.

References

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Small Businesses

The Growth and Expansion of the Vietnamese-Owned Nail Salon Industry in the United States (1970s-Present)

The nail salon business in the United States started to grow in popularity in the late 1970s and early 1980s. It was during this time that a new wave of immigrants, primarily from Vietnam, began to settle in the United States and bring with them their skills and traditions in nail care. These immigrants saw the opportunity to start their own businesses in the nail care industry and, in turn, introduced the concept of professional nail salons to the American market. The nail salon business started in urban areas with large Vietnamese populations, primarily on the West Coast and in Texas.

Many of the early nail salons were small, family-owned businesses that offered a range of services, including manicures, pedicures, and artificial nail enhancements. Over time, the popularity of nail salons spread to other parts of the country, and the industry continued to grow and evolve. As the industry grew, larger companies entered the market and began to offer a wider range of services and products. Nail salons became increasingly popular and began to offer a wider range of services, including spa services, massages, and skin care treatments.

Today, the nail salon industry is a multi-billion dollar industry in the United States, with thousands of salons operating across the country, from California to New York and from Texas to Washington state. The industry has evolved into a thriving and important part of the American economy, providing employment and services to millions of people. The nail salon business started as a result of the entrepreneurial spirit of Vietnamese immigrants and has since become an integral part of the American landscape.

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Small Businesses

From Immigrant to Entrepreneur: The Inspiring Story of Anthony Pham, Owner of Dalat’s Gateaux and Cafe

Viet Bao Louisville, KY
Viet Bao Louisville, KY

Anthony Pham is a Vietnamese immigrant who came to the United States in search of a better life. Just like many other Vietnamese Americans, he escaped the country by boat in the 1980s and settled in California with his uncle. He worked hard to make a life for himself and his family and was determined to obtain a higher education.

Pham is not only a successful engineer, but he is also a loving husband and father. He has two twin daughters who are high-achievers and have followed in his footsteps of hard work and dedication. When he heard that the previous owner of Dalat’s Gateaux and Cafe – Banh Mi, Boba Teas, located at 6915 Southside Dr, Louisville, KY 40214 was retiring and closing the business, he saw an opportunity to provide a place for his daughters to work and gain experience while they attend college. He also wanted to provide a gathering place for students at the University of Louisville.

Family Business

Pham’s goal is to turn his business into an empire, just like other successful chain restaurants like Qdoba and Panera Bread. He is focused on the 4Ps – product, price, promotion, and place – and is building a protocol and standardized process to ensure the success of his business. His passion for providing delicious and fresh food, combined with his business savvy, is sure to make Dalat’s Gateaux and Cafe a success for many years to come.

Anthony Pham is a true inspiration to us all, especially to the Vietnamese immigrant community. He has worked hard to build a better life for himself and his family and is now giving back to the community by providing a place for students to gather and his daughters to work and gain experience. We wish him all the best in his future endeavors and know that he will succeed in turning his business into an empire. If you’re in the Louisville area, be sure to stop by Dalat’s Gateaux and Cafe at 6915 Southside Dr, Louisville, KY 40214 and try some of their delicious banh mi and boba teas.

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Self-Improve Small Businesses

The Significance of Genuine Smiles and Personalized Care in the Beauty Industry

In the beauty industry, it is crucial to provide not only excellent services, but also to create a warm and welcoming environment for clients. One key aspect of this is through the use of genuine smiles and care. Research has shown that smiling not only makes the client feel more at ease but also enhances the overall experience.

In his book “The Art of Empathy: A Complete Guide to Life’s Most Essential Skill”, Karla McLaren highlights the importance of smiling as a way to show empathy and create a bond with others. In the context of a service-based business, a genuine smile can be a simple yet effective way to demonstrate care and concern for the client. This, in turn, helps to build trust and establish a strong, long-lasting relationship with the client.

Nail Technician

Another author, Shep Hyken, emphasizes the importance of customer service in his book “The Amazement Revolution: Seven Customer Service Strategies to Create an Amazing Customer (and Employee) Experience”. Hyken suggests that a genuine smile and warm demeanor can help to create a memorable experience for the client and set a positive tone for the entire interaction. This can be particularly impactful in the beauty industry, where clients are often seeking relaxation and pampering.

In addition to smiling, it is also important to provide attentive and personalized care during services. This means taking the time to understand the client’s needs, paying attention to their comfort, and providing any necessary support and guidance. By demonstrating this level of care, the client is likely to feel valued and appreciated, which can result in increased loyalty and positive word-of-mouth recommendations.

The use of genuine smiles and care are essential components of delivering exceptional service in the beauty industry. By incorporating these principles, service providers can create a welcoming and supportive environment that enhances the overall experience for clients and sets the foundation for long-lasting, mutually beneficial relationships.

In summary, the books “The Art of Empathy” by Karla McLaren and “The Amazement Revolution” by Shep Hyken both provide valuable insights into the importance of genuine smiles and care in service-based businesses, particularly in the beauty industry. By incorporating these principles, service providers can deliver exceptional experiences that result in increased customer satisfaction and loyalty.

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Small Businesses

Overcoming Challenges in Selling a Business: A Guide for Business Owners

Viet Bao Louisville, KY
Viet Bao Louisville, KY

Selling a business can be a challenging and complex process, and it is important to be aware of potential obstacles that may arise during the sales process. Understanding and preparing for these challenges can help increase the chances of a successful sale. Here are some of the common challenges that business owners face when trying to sell their businesses:

  1. Finding a buyer: One of the biggest challenges of selling a business is finding a buyer who is interested and capable of acquiring the business. This can be especially challenging if the business is niche or operates in a declining market. To increase the chances of finding a buyer, business owners may need to explore different sales channels, such as online marketplaces or business brokers.
  2. Valuation: Determining the right price for a business can be a difficult and subjective process. Business owners may have an unrealistic idea of the value of their business, or the market may be too uncertain for a clear valuation. Working with a professional appraiser or investment banker can help to get a more accurate and realistic valuation.
  3. Due diligence: Due diligence is the process of verifying the financial and operational information of a business before the sale. This process can be time-consuming and can reveal hidden problems that may lower the value of the business or jeopardize the sale altogether. Business owners can prepare for due diligence by gathering and organizing all relevant financial and operational information beforehand.
  4. Legal and regulatory issues: Selling a business involves a number of legal and regulatory requirements, such as contracts, permits, and licenses. These requirements can be complex and can take a significant amount of time to navigate. Business owners can mitigate this challenge by working with a professional lawyer or advisor who has experience with business sales.
  5. Emotional attachment: Selling a business can be an emotional process, especially for business owners who have invested a lot of time and effort into their business. This emotional attachment can make it difficult for business owners to make objective decisions about the sale, such as accepting a lower offer or cutting ties with the business. It is important for business owners to have a clear understanding of their motivations for selling the business and to work with a trusted advisor to make informed decisions.

Selling a business can be a challenging process that requires careful planning and preparation. Business owners should be aware of the potential obstacles and take steps to mitigate them. Working with a professional advisor, such as a lawyer or investment banker, can help increase the chances of a successful sale.

The top 10 common businesses sold in the USA include:

Di Tran Enterprise is the Assistance You Need for Your Small Business Development, Scaling, Sale or Acquisition
  1. Service businesses, such as consulting firms, marketing agencies, and IT services companies.
  2. Retail businesses, such as convenience stores, gift shops, and clothing stores.
  3. Restaurants and food service businesses, including coffee shops, fast food chains, and sit-down restaurants.
  4. Health and wellness businesses, such as spas, gyms, and health food stores.
  5. E-commerce businesses, including online retail shops and marketplace platforms.
  6. Construction and contracting businesses, including residential and commercial contractors.
  7. Manufacturing and distribution businesses, including wholesalers, suppliers, and distributors.
  8. Real estate businesses, including property management companies, real estate brokerages, and real estate investment firms.
  9. Transportation and logistics businesses, such as trucking companies, shipping and delivery services, and courier services.
  10. Technology businesses, including software development companies, hardware manufacturers, and IT consulting firms.

It’s important to note that this list is not exhaustive, and the popularity of different types of businesses may vary depending on regional factors, economic conditions, and other considerations.

Helps Available

Don’t let these challenges stand in the way of your successful business sale. Contact Di Tran Enterprise off now you guys are so distracted in the morning everyone off now are you guys Jaden? Are you done with Josh? What about Chuck? Tell me up at [email protected] or the New American Business Association for assistance today. Our experienced professionals can help you navigate the complex process of selling your business and overcome any obstacles that may arise. Don’t wait, take control of your business sale and reach out to us now to learn more about how we can help.

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Leadership Development Small Businesses

The Power of Delegation: Unleashing the Benefits of More Free Time and Business Growth

Viet Bao Louisville, KY
Viet Bao Louisville, KY

Delegation is a crucial skill for anyone looking to grow their business and free up their time for more important tasks. By delegating tasks to others, individuals can take a step back from the day-to-day operations of their business and focus on more strategic initiatives that will drive growth and success.

However, despite its many benefits, delegation is not easy for many people. According to best-selling author Brian Tracy, “Delegation is one of the most difficult skills for entrepreneurs to learn.” This is because many people feel like they have to do everything themselves in order to ensure that it’s done right.

One of the key benefits of delegation is that it allows individuals to focus on what they do best. By delegating tasks that are not part of their core skillset, they can focus on the tasks that they are good at and that will have the most impact on their business.

Another benefit of delegation is that it frees up time for individuals to focus on other tasks. By delegating tasks to others, individuals can free up their time to work on more important projects and initiatives that will help grow their business.

Delegation also allows individuals to develop and grow their team. By giving team members more responsibilities, they will have the opportunity to develop new skills and grow professionally, which will benefit both the team and the business as a whole.

However, delegation is not easy for many people. One of the main challenges of delegation is that individuals often struggle to let go of control. According to management expert Peter Drucker, “The most serious mistakes are not being made as a result of wrong answers. The truly dangerous thing is asking the wrong questions.” By delegating tasks to others, individuals need to be confident that their team members are asking the right questions and making the right decisions.

Another challenge of delegation is that individuals often struggle to find the right people to delegate tasks to. This can be difficult, especially for small business owners who may not have a large team to draw from.

Delegation is a powerful tool for anyone looking to grow their business and free up their time for more important tasks. However, despite its many benefits, delegation is not easy for many people, and individuals need to be prepared to overcome the challenges of letting go of control and finding the right people to delegate tasks to. By doing so, they can unleash the power of delegation and achieve greater success and growth in their business.

Unleashing Your Business Potential: Team and Self Development with Di Tran Enterprise

The power of delegation is a crucial component in achieving success and growth in both personal and professional life. By delegating tasks and responsibilities, individuals can free up more time and focus on higher-level goals, leading to increased productivity and the ability to grow their business. However, despite its numerous benefits, delegation can often be difficult for many people. If you are looking to enhance your delegation skills and take your business to the next level, consider reaching out to the experts at Di Tran Enterprise and the New American Business Association.

Di Tran Enterprise and the New American Business Association offer mentorship and resources for business development, team building, and self-improvement. With a team of experienced professionals, they are dedicated to helping individuals and businesses reach their full potential. By working with these organizations, you can gain the knowledge, skills, and support you need to master the art of delegation and reach new heights in your career.

Don’t let fear hold you back from unlocking the full potential of delegation. Take control of your future and reach out to Di Tran Enterprise and the New American Business Association today. Their team is ready and eager to help you succeed. Contact [email protected] to get started.