Earn Your Leisure EYL Network
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- Business
Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast
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The Man in Control of Transforming Detroit
Welcome to another clip of Market Mondays! In this special edition, we sit down with the influential CEO of Bedrock, Kofi Bonner, for an insightful conversation about his remarkable journey in the realm of real estate development and urban revitalization. Having deployed billions of dollars in capital and led efforts to rejuvenate cities, Kofi shares his experiences and the transformative strategies that have positioned Detroit and Cleveland as burgeoning world-class cities of the 21st century.
Our discussion kicks off with Rashad Bilal asking Kofi about his path to becoming the CEO of Bedrock. Kofi recalls his extensive career, from his early days in California as a real estate developer to his tenure in Cleveland as the Executive Vice President and Chief Administrative Officer of the Cleveland Browns. After a rich career with various stints, including taking companies public and facing the taxing nature of real estate development, Kofi retired in 2020. However, the unexpected onset of the COVID-19 pandemic and a timely call from a headhunter led him to reconsider retirement and eventually embrace the challenge of revitalizing Detroit.
Kofi’s narrative sheds light on his initial skepticism about the opportunity in Detroit and how a personal visit to the city, coupled with conversations with Dan Gilbert, Bedrock’s chairman, ultimately convinced him to take the helm. He vividly describes the rejuvenated energy of Detroit and how the vision of bringing back the city’s prominence resonated with him.
Troy Millings, another host, also chimes in, acknowledging the revitalization efforts in downtown Detroit, home to major companies like Ally and Rocket Mortgage. He inquires about Kofi’s strategic vision for the city’s development over the next five to ten years. Kofi elaborates on the critical importance of rebuilding the downtown core to boost tax revenues, which are essential for sustaining public services throughout the city. Renovating classic buildings and enhancing public spaces between them are key to attracting residents, businesses, and tourists to the heart of the city.
Kofi goes on to highlight various initiatives that Bedrock has spearheaded to make downtown Detroit more vibrant and appealing, from establishing a roller rink and hosting winter festivals to supporting major national and international events. Upcoming attractions like the Detroit Grand Prix, the Movement electronic music festival, and the Afro Nation festival are set to showcase the city's revitalized spirit to the world, inviting global audiences to rediscover Detroit.
Join us in this episode to hear Kofi Bonner’s firsthand account of leading urban transformation and his vision for Detroit’s future. Whether you are a real estate aficionado, an urban planning enthusiast, or simply someone who loves a good comeback story, this episode is sure to inspire and inform. Don't forget to like, comment, and subscribe for more insights from industry leaders and experts.
#MarketMondays #UrbanRevitalization #RealEstateDevelopment #Detroit #Cleveland #KofiBonner #BedrockCEO #DowntownRevitalization #EconomicGrowth #CityPlanning #DetroitGrandPrix #MovementFestival #AfroNationFestival #PublicSpaces #RealEstateInvesting
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The Future of Affordable Housing in NYC with Alicia Keys
In this enlightening clip of EYL, our host Rashad Bilal sits down with the multi-talented artist and advocate Alicia Keys to discuss a pressing issue that touches the lives of many New Yorkers: affordable housing. As a native New Yorker herself, Alicia Keys shares her personal experiences growing up in affordable housing designed specifically for artists. She candidly discusses how these programs provided her with the vital access and opportunities that shaped her illustrious career.
Rashad and Alicia delve into the current state of affordable housing in New York City, highlighting the dramatic rise in rental costs and the unfortunate phase-out of several beneficial housing programs. With the average rent for a one-bedroom apartment in Manhattan soaring to almost $4,000, they explore the stark realities facing young professionals and creatives who are being priced out of the city.
Alicia reflects on the invaluable role that these artist-specific housing programs played in her life, not just as a place to live but as a crucial support system that kept her rooted in a vibrant cultural environment. She emphasizes the importance of maintaining such programs to ensure that the city’s diverse cultural landscape continues to thrive. Both hosts argue that pricing artists and creatives out of the city ultimately harms the entire ecosystem, taking away from New York the very soul and creativity that define it.
The conversation goes beyond just housing to talk about the broader implications of access to creative spaces. Alicia shares her current efforts in creating fellowship programs for young people interested in set design, costume design, and other artistic fields. These programs aim to bridge the gap and offer invaluable learning opportunities under industry greats, ensuring that the next generation of artists has both the skills and the inspiration to contribute back to the city's cultural economy.
Join us in this compelling discussion that puts a spotlight on affordable housing, creative access, and the continuing efforts to keep New York City a welcoming hub for all artists and dreamers.
#AffordableHousing #AliciaKeys #NYCHousingCrisis #CreativeSpaces #EYL #RashadBilal #ArtCommunity #NYCLife #HousingAdvocacy
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EYL #291: How To Raise $1 Billion: The Hidden Secrets to Building a Billion-Dollar Company ft. Ryan Breslow
In this insightful video, Bolt founder Ryan Breslow shares his journey from dropping out of Stanford to launching a successful crypto startup in 2013. Learn how to attract investors and create crowd momentum during fundraising, as Ryan reveals his secrets to success and strategies for raising capital quickly.
Discover the story behind purchasing the domain "Love.com" from Yahoo and Ryan's vision of creating an ethical version of Amazon. Understand why Ryan believes having a co-founder is more important than marriage and how he decides which employees receive equity.
Key topics include:
- How to get investors interested in your business
- The goal of fundraising and creating crowd momentum
- Competition with Stripe and early party rounds
- The importance of having the right person on your board
- Avoiding dead equity and its impact on your business
- The unique aspects of Bolt compared to other payment companies
- The cost of scaling a startup company
Don’t miss out on these valuable insights from one of the most innovative entrepreneurs in the tech industry!
#RyanBreslow #Bolt #Startup #Fundraising #Investors #LoveDotCom #Entrepreneurship #BusinessStrategies #Equity #CapitalRaising
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Investing in Ghana: The Pros and Cons Explained
Join us for an insightful conversation on Market Mondays with hosts Rashad Bilal, Troy Millings, Ian Dunlap and guest Kofi Bonner as they delve into global trends and local impacts. In this clip, they focus on two key topics: the rising interest in Ghana as a premier destination for investment and the strategic urban planning that has revitalized Detroit's downtown area through sports and cultural events. #Investment #Ghana #Detroit #UrbanPlanning #MarketMondays #Economy #SportsRevitalization #CulturalImpact
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Cliff Notes: EYL & Kamala Harris Discuss Lack of Access to Capital for Black Entrepreneurs
In this compelling clip of EYL, hosts Rashad Bilal and Vice President Kamala Harris delve into the pressing issue of access to capital for black entrepreneurs. Vice President Harris discusses the current administration's efforts to combat disparities in funding, emphasizing the importance of federal initiatives aimed at supporting minority-owned small businesses. She highlights the administration’s strategies such as increasing federal contracts for minority businesses by 50%, and investing in community banks and financial literacy.
Rashad shares insights from personal experiences and interactions with various entrepreneurs, explaining the critical role of capital in scaling businesses from start-ups to major players in the economy. The conversation also covers the impact of social media and technology in leveling the playing field for new businesses and the unique challenges faced by tech entrepreneurs.
Discover how these initiatives not only aim at funding but also at empowering communities through entrepreneurship which, in turn, fosters broader economic development and growth. Vice President Harris also outlines future plans focusing on substantial federal investments in infrastructure, technology, and the clean energy economy, which could offer new opportunities for small businesses.
Don’t miss this insightful discussion on how targeted economic policies can facilitate substantial change and offer a ladder of opportunity to minority entrepreneurs.
*#EYL #KamalaHarris #Entrepreneurship #AccessToCapital #MinorityOwnedBusiness #EconomicDevelopment #FederalContracts #FinancialLiteracy*
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Starbucks' Challenges and Investment Opportunities
In this insightful clip of Market Mondays, hosts Rashad Bilal, Troy Millings, and Ian Dunlap dive deep into the recent challenges faced by Starbucks. From a significant stock decline, dropping from $126 in 2021 to approximately $73, to cultural backlashes and operational missteps, they cover everything influencing Starbucks' current market position. They also discuss the potential role of Howard Schultz in reviving the brand and what it might take for Starbucks to regain its competitive edge.
As Starbucks faces backlash from various communities and reported conflicts in the Middle East affecting their sales and brand image, the discussion also touches upon broader themes of boycotting and corporate responsibility. Moreover, they explore how Starbucks' response to these issues and its attempt to enhance customer service, like improving the mobile order and rewards system, could be pivotal.
The clip doesn't just highlight problems but also deliberates on whether these dips in performance represent a buying opportunity for investors. With the price point nearing $63, Rashad notably shifts from critique to potential endorsement, provided the company addresses its shortcomings.
Join us on Market Mondays as we unravel whether Starbucks can blend its way back to the top amidst the brewing troubles and if it's the right time for investors to stock up.
#MarketMondays #Starbucks #Investing #StockMarket #CorporateResponsibility #HowardSchultz #Boycott #BrandChallenges #FinancialAnalysis #InvestmentOpportunities
Enjoy deep dives into major companies and market trends every Monday with us, and don't forget to like, subscribe, and hit the notification bell for more updates!
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