Oasis Network of Entrepreneurs (O.N.E

Contributed by Imperial Deputy James “Mr. Nkredible” Alexander Ancient City Temple No. 63 Daytona Beach, Fla.

The talent in the Desert of Florida is vast and full of leaders in every aspect of society, with many falling into the category of Entrepreneur. Although some have made known what companies they own, there are many who feel that there is no vehicle to promote their businesses in a meaningful way to the membership. How do we bridge the gap? How do we create a Green Book for the Desert while offering support to the same business owners? This is how Oasis Network of Entrepreneurs was born. O.N.E. is a group that serves as a support system for entrepreneurs in the Desert. We have created and are set to release a list of seminars that will help business owners enhance their offerings and more. The group will also feature live seminars that address current topics affecting businesses while offering a quick consultation on your business.

The group was created by Entrepreneurs, Business Consultants, Government Buyers, Publicists/Com- munity Relations Professionals and Executives -- members of the Desert looking to share their expe- riences in a meaningful way. Why is this important? Minority entrepreneurs face a myriad of challenges daily in running and growing their businesses. Here are few that you as an entrepreneur may be dealing with:

Access to Capital During the Pandemic. Access to the Paycheck Protection Program meant having to wait until a second round of funding while depleting your savings in a bid to stay open.

This is in addition to the fact that historically we have found it difficult to gain access to capital could mean success or failure. According to the Minority Business Development Agency, minority-owned businesses are less likely to get loans than non-minority owners. This is particularly true for businesses that have less than $500,000 in gross receipts. They are also likely to get half of what their counterparts will receive in a busi- ness loan and pay a higher interest rate.

Social Capital. Social Capital refers to the introduc- tions, networks, mentors, and professional partners needed to take a company from six figures to sev- en. Lack of social capital is detrimental to building a business. Minority Business Owners lack the ability to have social capital but O.N.E. is set to change that. Now you will have access.

Capital Fears. Although the list continues for what is missing from our toolbox for entrepreneurs, the one thing that stands out in our community is fear. Fear comes in many forms whether it is asking for help, seeking funding, or basically sharing an idea that you believe someone will steal. To be successful, you must overcome these fears and allow others to help as needed. This group is for business owners, LLCs, Sole Proprietors, etc., recognized by their states as such, looking for growth and discovering multiple streams of revenue. Those who join for this step will revel in what we have planned next. Apply to be part of the group today.