Building a large business in the beauty, barber, and wellness industries is no easy feat. These sectors are ripe for competition, and historically, don't scale.

On todays episode, Will Lucas, Brand Manager at AfroTech talks with entrepreneurs who've built million dollar enterprises in an industry that is known for being a hodge-podge of hustlers with no actual business operations to see how they did it, and you can too.

*Originally published April 5, 2022*

Follow Will Lucas on Instagram at @willlucas

Building a large business in the beauty, barber, and wellness industries is no easy feat. These sectors are ripe for competition, and historically, don't scale.
On todays episode, Will Lucas, Brand Manager at AfroTech talks with entrepreneurs who've built million dollar enterprises in an industry that is known for being a hodge-podge of hustlers with no actual business operations to see how they did it, and you can too.
*Originally published April 5, 2022*
Follow Will Lucas on Instagram at <a href="https://instagram.com/willlucas">@willlucas</a>

Black Tech Green Money presents the stories of successful Black entrepreneurs and technologists, as well as actionable advice and wealth-building strategies from a Black perspective. Hosted by Will Lucas (@willlucas), an entrepreneur, content creator, and Brand Manager at AfroTech, the world's largest Black tech digital platform and conference, Black Tech Green Money is THE podcast for Black entrepreneurs and moguls in the making.

Technology and business from a Black perspective.

Black Tech Green Money

Black Tech Green Money presents the stories of successful Black entrepreneurs and technologists, as well as actionable advice and wealth-building strategies from a Black perspective. Hosted by Will Lucas (<a href="https://instagram.com/willlucas">@willlucas</a>), an entrepreneur, content creator, and Brand Manager at AfroTech, the world's largest Black tech digital platform and conference, Black Tech Green Money is THE podcast for Black entrepreneurs and moguls in the making.

Black Tech REPLAY: Building a Million Dollar Beauty / Barber Business

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/41e3af70-4ff9-45bd-af32-b2440179f1e5/transcript

In this episode, Will Lucas discusses the importance of shifting from a service-oriented mindset to a platform-oriented approach in business. He emphasizes that building a platform allows for greater leverage, scalability, and the ability to create demand rather than just fulfilling it. Through personal anecdotes and examples, he illustrates how entrepreneurs can transform their businesses by thinking bigger and creating ecosystems that benefit not only themselves but also their communities. The conversation covers practical steps for building platforms, the rise of freelancers, and the types of platforms that can be developed to achieve success.

Takeaways
If you are building a service, you're probably thinking too small.
Service thinking is labor-centered; platform thinking is leverage-centered.
Platform thinking separates your income from your hours.
The power lies in controlling demand, not just talent.
Building a container allows for multiple opportunities to flourish.
Ecosystems compound and grow larger over time.
Freelancers are on the rise, creating a need for platforms to organize them.
You can build various types of platforms, including marketplaces and communities.
Positioning is more important than having a large budget to start.
Your small business doesn't have to stay small; it can evolve into a platform.

Will Lucas on Socials
Instagram: @willlucas
TikTok: @willlucasceo
Facebook: /wlucasii

Black Tech Green Money
Instagram: @blacktechgreenmoney
Facebook: /BlackTechGreenMoney

Learn more at AfroTech.com
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

In this episode, Will Lucas discusses the importance of shifting from a service-oriented mindset to a platform-oriented approach in business. He emphasizes that building a platform allows for greater leverage, scalability, and the ability to create demand rather than just fulfilling it. Through personal anecdotes and examples, he illustrates how entrepreneurs can transform their businesses by thinking bigger and creating ecosystems that benefit not only themselves but also their communities. The conversation covers practical steps for building platforms, the rise of freelancers, and the types of platforms that can be developed to achieve success.
Takeaways
<ul>
<li>If you are building a service, you're probably thinking too small.</li>
<li>Service thinking is labor-centered; platform thinking is leverage-centered.</li>
<li>Platform thinking separates your income from your hours.</li>
<li>The power lies in controlling demand, not just talent.</li>
<li>Building a container allows for multiple opportunities to flourish.</li>
<li>Ecosystems compound and grow larger over time.</li>
<li>Freelancers are on the rise, creating a need for platforms to organize them.</li>
<li>You can build various types of platforms, including marketplaces and communities.</li>
<li>Positioning is more important than having a large budget to start.</li>
<li>Your small business doesn't have to stay small; it can evolve into a platform.</li>
</ul>
Will Lucas on Socials Instagram: <a href="https://instagram.com/willlucas">@willlucas</a> TikTok: <a href="https://www.tiktok.com/@willlucasceo">@willlucasceo</a> Facebook: <a href="https://www.facebook.com/wlucasii">/wlucasii</a>
Black Tech Green Money Instagram: <a href="https://www.instagram.com/blacktechgreenmoney">@blacktechgreenmoney</a> Facebook: <a href="https://www.facebook.com/BlackTechGreenMoney">/BlackTechGreenMoney</a>
Learn more at AfroTech.com Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

Will Lucas is an entrepreneur, CEO, and Brand Manager of AfroTech

How To Turn Your Small Business Into an Ecosystem - This Is Where the Real Money Is

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/362a6cb4-b9b1-4c17-a3bb-b3f30119e367/transcript

Omi Bell is CEO of Black Girl Ventures

Will Lucas on Socials
Instagram: @willlucas
TikTok: @willlucasceo
Facebook: /wlucasii

Black Tech Green Money
Instagram: @blacktechgreenmoney
Facebook: /BlackTechGreenMoney

Learn more at AfroTech.com
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Omi Bell is CEO of Black Girl Ventures
Will Lucas on Socials Instagram: <a href="https://instagram.com/willlucas">@willlucas</a> TikTok: <a href="https://www.tiktok.com/@willlucasceo">@willlucasceo</a> Facebook: <a href="https://www.facebook.com/wlucasii">/wlucasii</a>
Black Tech Green Money Instagram: <a href="https://www.instagram.com/blacktechgreenmoney">@blacktechgreenmoney</a> Facebook: <a href="https://www.facebook.com/BlackTechGreenMoney">/BlackTechGreenMoney</a>
Learn more at AfroTech.com Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

Omi Bell of Black Girl Ventures on Structural Barriers to Scaling Companies with Under $1MM in Revenue

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2235648-223b-4439-82d4-b3ed015179a8/transcript

Morgan DeBaun is the Founder and CEO of Blavity and AfroTech. 

Introducing, HealthStack Conference. Uniting health systems, pharma, tech, and AI startups to showcase real-world tech.

Will Lucas on Socials
Instagram: @willlucas
TikTok: @willlucasceo
Facebook: /wlucasii

Black Tech Green Money
Instagram: @blacktechgreenmoney
Facebook: /BlackTechGreenMoney

Learn more at AfroTech.com
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Morgan DeBaun is the Founder and CEO of Blavity and AfroTech.&nbsp;
Introducing, HealthStack Conference. Uniting health systems, pharma, tech, and AI startups to showcase real-world tech.
Will Lucas on Socials Instagram: <a href="https://instagram.com/willlucas">@willlucas</a> TikTok: <a href="https://www.tiktok.com/@willlucasceo">@willlucasceo</a> Facebook: <a href="https://www.facebook.com/wlucasii">/wlucasii</a>
Black Tech Green Money Instagram: <a href="https://www.instagram.com/blacktechgreenmoney">@blacktechgreenmoney</a> Facebook: <a href="https://www.facebook.com/BlackTechGreenMoney">/BlackTechGreenMoney</a>
Learn more at AfroTech.com Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

Morgan DeBaun is the Founder and CEO of Blavity and AfroTech. 

Morgan DeBaun, AfroTech Founder talks HealthStack

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5cc75aa1-0e99-46bb-bdf7-b3e6000ee8c7/transcript

Black Tech REPLAY: Building a Million Dollar Beauty / Barber Business

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