IAM1762 – Founder Helps Black Entrepreneurs through Financial Bootcamps

Why it was selected for “CBNation Architects”:

In episode IAM1378 of the I AM CEO podcast, host Gresham Harkless interviews Tara, the founder and chairwoman of Impact Profit, a non-profit organization dedicated to making entrepreneurship more accessible to Black founders. Tara is a Certified Public Accountant (CPA) with over a decade of experience in the field and founded Impact Profit to use her skill set to do some good in the world.

In the interview, Tara talks about her personal journey and how her experiences led her to found Impact Profit. She emphasizes the importance of making entrepreneurship more accessible to Black founders and shares her approach to helping them through financial bootcamps. Tara also discusses the challenges of being a non-profit founder and the rewards of making a positive impact on the community.

Tara shares her CEO hacks and nuggets, which include reading the book “What Happened to You?” by Oprah and Dr. Bruce Perry and seeking therapy or a safe and supportive community for personal growth. She also defines what being a CEO means to her, which involves strategy and risk management for a financially sound business.

Overall, the episode provides valuable insights into the importance of making entrepreneurship more accessible to underrepresented groups and the impact of non-profit organizations on the community. Tara's experience and passion for helping Black entrepreneurs make this episode a must-listen for anyone interested in supporting underrepresented groups in entrepreneurship.

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Transcription:

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Tara Spruill-Jones Teaser 00:00

The numbers are a representation of your strategy, and yes, there are outliers, but without a solid strategy, you are not going to have a long lasting financially sound business. It's got to start with strategy first and then you incorporate the risk management.

Intro 00:22

Do you want to learn effective ways to build relationships, generate sales, and grow your business from successful entrepreneurs, startups, and CEOs, without listening to a long, long, long interview?

If so, you've come to the right place. Gresham Harkless values your time and is ready to share with you precisely the information you're in search of.

This is the I AM CEO podcast.

Gresham Harkless 00:48

Hello, hello, hello, this is Gresh from the I AM CEO podcast and I appreciate you listening to this episode. If you've been listening this year, you know that we hit 1600 episodes at the beginning of this year. We're doing something a little bit different where we're repurposing our favorite episodes around certain categories, topics, or as I like to call them, business pillars that we think are going to be extremely impactful for CEOs, entrepreneurs, and business owners. Or what I like to call the CB Nation architects, those that are looking to level up their organizations.

In this month, we are focusing on knowing thy numbers. I could hear the phrases from Mr. Wonderful on Shark Tank, and if you understand or don't understand exactly what numbers is, think finance, economics, accounting, capital, investment, funding, bootstrapping, anything that's around numbers. So, we have to understand how important it is to know your numbers and how important that is for you to forecast, make decisions, and to be able to truly strategize around your business and do that successfully.

Things are gonna be a little bit different obviously, this month. So look for CEO hacks and CEO nuggets and interviews that focus around this. But more than everything else, make sure that you know your numbers because they're extremely important to the life of your business.

Hello, hello, hello. This is Gresh from the I AM CEO podcast. I have a very special guest on the show today, I have Tara Spruill-Jones of Impact Profit. Tara, it's great to have you on the show.

Tara Spruill-Jones 02:14

Oh, thanks. I'm so glad to be here.

Gresham Harkless 02:17

Yeah, super excited to have you on as well. Before we jumped into the interview, I wanted to read a little bit more about Tara so you can hear about all the awesome things that she's doing.

Tara is founder and chairwoman of Impact Profit, which is a nonprofit dedicated to making entrepreneurship more accessible to black founders. Tara has been a Certified Public Accountant for over a decade and founded Impact profits who use her skillsets to do some good in the world.

She received her undergraduate degree from Cornell University and her master's in Accounting and MBA from Northeastern University. She is a New Jersey native, but currently resides in Washington.

Tara, appreciate you for all the work you're doing, Of course I appreciate your time as you're taking today. Are you ready to speak to the I AM CEO community?

Tara Spruill-Jones 02:57

I'm ready.