Felecia Hatcher Reveals Insider Business Secrets For 2024 Success!

you got to make a decision do you want to keep the business in your family for Generations or do you want to sell it you move forward and always operate as if you're going to sell the business the best love that I can like give back to it is transitioning and finding somebody else that can play that role and do the things that I cannot do for entrepreneurs you got to be very careful about how much Equity you give away in the very beginning 100% And that's the mistake that I see a lot of entrepreneurs that we interface with make it has to work where it has to work we got a super special guest I'm about to bring to you entrepreneur what serial entrepreneur philanthropist CEO of black ambition prize I'm talking about founder of tech companies I'm talking about all around amazing boss Felicia Hatcher what's up sis hey Neil how's it going man I'm amazing thank you for coming on how you been than you for I've been great good fantastic man it's so it's so cool to do this interview Vernon Moxy i' been rocking with him probably 10 years maybe and all he used to say do you know Felicia Hatcher do you know Felicia Hatcher you got to know Felicia Hatcher you got to know I'm like who is this Felicia Hatcher and then we finally start hanging in the same circles attending the same events and now we here we here I love Vernon and it's first of all if you have a last name Moxy right like you're already automatically in my book that's uh but his family his daughter being a young entrepreneur I'm always picking up her book to my daughter I'm like you need to like go out and sell some things something and so yeah shout shout out to them for sure wh why why do you think sometimes it don't translate to our kids to be or listen like listening to you will drastically move them forward my kids listening to me would why do listen they don't listen to us yes why do you I'm trying to figure that out you know what I I'm a daughter of an entrepreneur yeah um my grandfather on my mom's side uh is a Jamaican sugar can and yam farmer so entrepreneurship Jamaican sugar cane yam farmer um so entrepreneurship is has been literally in my ve on both sides when I was a kid we never called my grandfather an entrepreneur never right he just had farms land in Jamaica and like the family ate what they whatever he sold they ate right I remember as a kid sell it to him or just give it to him no he would sell it okay otherwise you don't eat right and so and I remember as a kid you know my dad and my uncle started Hatcher construction and development probably when I was like maybe eight or nine years years old so around the my daughter's 10 now and I just knew that my dad worked really hard came home dirty every day didn't make it to any of my basketball games didn't make it to any of my brother's te- ball games like that's what I knew of Entrepreneurship I was never brought on to the construction site neither was my brother and so I think as kids you only experience the the lack and then you you get to a point where then you you experience the financial benefit of it and so my brother and I and my cousins are the financial beneficiaries of everything that's stepping out on faith starting a business growing a business sacrificing has to offer I just didn't understand that in the context of a 10 11 year old kid right and so now as a parent I now have a better understanding of that but quite frankly I'm I'm on the road a lot and so I feel like I'm doing some of the exact same things to my kids that my dad did with us is like not bringing us in early enough to fully understand it we talk about entrepreneurship so much in my family that my kids are like you know my daughter's teacher was telling me your daughter is just like I'm G to be just like my mom right like I'm G to be an entrepreneur and have businesses and so I think the mistake that we make is being so busy with entrepreneurship and building companies that we don't bring our kids in every step of the process so they fully understand what you're building and it becomes a part of their vocabulary and in their life so for you what when was the first when did when what was your fir everybody does it different I know mine was candy what was your first thing for you so my first thing wasn't like it wasn't starting a business I didn't do the ant farm I didn't sell papers I sold the heck out of Girl Scout cookies okay like that was my first I wish they could benefit from that financially they should 100 I'm sure a billions of dollars have been made from that wow that's I never I so the heck out of Girl Scout cookies I was the number one seller of Girl Scout cookies in my troop and the what I realized like that kind of disruptiveness that analytical logistical thinking that becomes our superpowers of entrepreneurs my mom at the time worked at the dely beach tax collector's office wow everybody had to come this was a time where you weren't doing anything online everybody had to come to the to the office and so I realized that my mom could just set up the boxes right there and I sold out of Girl Scout cookies I think I may have re four or five times and all I got was a badge wow yeah but but I got more than that later when I looked at it just like okay I realized how to put other people to work I realize like find the traffic Source I realized like hey all the other girls are going to be sitting up in front of a grocery store or Publix or hitting up their parents and Meanwhile my mom had this traffic source and so I say that's my entree into it because that's when the wheels start turning that there's other ways and non-traditional ways to do things if you just look at it with a different set of eyes that's good that's good um so what Vernon was talking about he was talking about like you in Tech I mean you a philanthropist you in Tech you got every award under the sun when did all of that start did that start with black Tech week did that start with your your your your first book did that start cuz you were a sea student right like like when did when did you say I'm I'm going all in on this yeah I tell this story all the time but it started being a c student right where you know people were saying you're going to have to enroll in Dropout prevention classes and so there was like this doubt but I was also 16-year-olds I taught myself how to code I could rewire cable into my room none of that translated into what wire wire cable rewire cable so my parents bought me a TV for Christmas but they wouldn't put cable because they didn't really want me to watch the TV right and so I learned how to rewire cable MacGyver was my favorite show as a kid and so as a kid I felt like I could solve any problem with some rubber bands a paperclip a scw scw driver all the things that MacGyver did and so that's what I did and I constantly would do these things break things put them back together had no idea that these were the characteristics and the making of being Innovative starting bus