Despite the size of your retail or restaurant business, technology and innovation are critical for profitability, sustainability, bankability and scalability.
Many Urban, independent retailers and restaurant owners lack the tools, time, and resources to effectively utilize technology and innovations in their business.
Although these two topics can be very overwhelming and sometimes intimidating, it is devastating to these businesses when not applied.
The Retail Technology & Innovation Conference is bringing technology and innovation directly to you.
Our goal is to build and strengthen our local, urban retail communities by connecting you to technology and innovation learnings, best practices, insights and resources that make it it more simple for you to be successful.
You Succeed, Our Communities Succeed.
Learn More and Buy Tickets Today!
37 Oaks LLC
February Business of the Month
MSBARC started working with 37 Oaks and its owner Terrand Smith in August of 2016. Terrand has a strong background in the retail industry working with Fortune 500 companies to improve the visibility in its large stores. Terrand left corporate and started her own company to bring her talents to small black owned retail stores and strengthen the bottom lines of her new smaller clients.
MSBARC worked with her by referring our retail clients to 37 Oaks, and improve their show room visibility and ultimately the bottom line. Terrand recognized early on that she needed assistance reaching these businesses that are routinely given bad advice from people that do not have the expertise that she has, so with the referrals that MSBARC sent her these relationships have strengthened.
37 Oaks has had some success changing a stores clientele to a younger buyer with a slight change in product and display, her company also moved another company to more of a web presence than they previously had. Both these retail businesses have seen a bump up in their revenues.
MSBARC is proud to have Terrand Smith and her company 37 Oaks as the Business of the Month.
The historically Black owned bank Seaway Bank & Trust was sold to Self Help Credit Union and the new President is Daryl Newell. Mr. Newell is well known in the Black community as a banker, neighbor and entrepreneur but MSBARC wanted to re-introduce him as a leader in the financial community.
MSBARC hosted an early morning welcome reception on the patio of Sip & Savor in Bronzeville. The reception was well attended. Mr. Newell brought his team and explained the mission and plans going forward for the Credit Union. The attendees asked questions and he even got a question from a 13 year old up and coming entrepreneur. The entrepreneurs and businesses present were able to get first-hand information from the bank about the products and services they offer.
MSBARC will continue to bring leaders of the banking world to our community to answer our questions.
Thank you Daryl Newell and Seaway Self-Help Credit Union.