Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily.  I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur.  Keep winning!

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Cherina & Mowbray Rowand.

🔷 Interview Summary

Cherina and Mowbray Rowand—co-founders of the Rowand Group and creators of One Stop Taxes—share how they built the largest Black-owned tax preparation service in the U.S., scaling to 1,000+ virtual locations. [CHERINA &...AND iHeart | Txt]

They discuss:
Their entrepreneurial philosophy
Their complementary roles as partners
The transition from brick-and-mortar to a virtual franchise model
Scaling strategies, team building, and infrastructure
Wealth-building through diversification (restaurants, real estate, hospitality)
Their creation of the Black Tax Festival to educate and unify entrepreneurs

The conversation blends practical business strategy, mindset, and community impact.

🎯 Purpose of the Interview

The interview serves several key purposes:

1. Educate aspiring entrepreneurs
Demonstrates how to start, scale, and systematize a service business
Highlights real-world lessons in scaling, hiring, and structuring companies

2. Promote economic empowerment
Focuses on helping underserved communities access:

Entrepreneurship
Tax knowledge
Financial systems

3. Showcase a scalable business model
Emphasizes low-barrier entry franchising and virtual platforms

4. Inspire through lived experience
Shows how vision, persistence, and partnership can create generational wealth

🔑 Key Takeaways 1. Entrepreneurship = Service + Ownership
Entrepreneurship is framed as serving people first, then building a business around that service[CHERINA &...AND iHeart | Txt]

2. Complementary partnership is critical
Mowbray = visionary (ideas)
Cherina = implementer (execution systems)
Their success comes from balancing vision with structure

3. Scaling requires evolving your team
What works at $1M won’t work at $10M+
Businesses must upgrade:

Attorneys
CPAs
Systems

4. Systems > hustle
They scaled by creating a repeatable system and training others
Their franchise model enables others to replicate success

5. Virtual model unlocked growth
Eliminating physical offices reduced cost and increased reach
Their early adoption of virtual tax prep became a major advantage

6. Timing + vision = breakthrough
They launched virtual tools before mainstream trust in digital transactions
COVID accelerated their already-built infrastructure

7. Lowering barriers drives scale
No startup cost, free training, and back-end revenue sharing allowed rapid adoption [CHERINA &...AND iHeart | Txt]

8. Marketing starts with relationships
Begin with:

Warm network
Strategic partnerships (car dealerships, apartments, etc.)

9. Financial literacy is a wealth gateway
Many entrepreneurs lack:

Proper documentation
Financial systems
Their platform and events aim to fix that gap

10. Community + recognition drive engagement
The Black Tax Festival builds community, education, and motivation
Recognition (awards, visibility) encourages performance

11. Diversification builds long-term wealth
They reinvested profits into:

Restaurants
Real estate
International assets (Dominican Republic hospitality)

💬 Notable Quotes On entrepreneurship

“Entrepreneurship [is] being able to set your own path… being a servant to other people.” [CHERINA &...AND iHeart | Txt]

On partnership dynamics

“He’s the big idea guy… I’m the implementation person.” [CHERINA &...AND iHeart | Txt]

On vision vs execution

“Let me get the vision out first… then we start figuring out the pieces.” [CHERINA &...AND iHeart | Txt]

On scaling infrastructure

“The same thing that works at $1 million is not the same thing that works at $10 million.” [CHERINA &...AND iHeart | Txt]

On early-stage hustle

“We didn’t have a ton of support… but we had a lot of drive.” [CHERINA &...AND iHeart | Txt]

On innovation and skepticism

“When you tell a person we own a virtual tax company, they’re like, ‘What is that?’” [CHERINA &...AND iHeart | Txt]

On reducing barriers

“We don’t have any startup cost… we train for free… we lowered that point of entry barrier.” [CHERINA &...AND iHeart | Txt]

On wealth gap realities

“We’re left out of rooms because we don’t have the proper paperwork… financials.” [CHERINA &...AND iHeart | Txt]

On mission-driven events

“Hopefully [people] leave better than we found them.” [CHERINA &...AND iHeart | Txt]

🧭 Bottom Line

The Rowands’ story is a blueprint for modern entrepreneurship:
Start with service
Build systems
Scale through people and technology
Reinforce success with community and education
Convert income into assets and ownership

Their model isn’t just about making money—it’s about making wealth accessible and transferable.

#SHMS #STRAW #BEST

Listen and subscribe to Money Making Conversations on <a href="https://www.iheart.com/podcast/1119-money-making-conversation-28341098/" data-auth="NotApplicable" data-linkindex="0">iHeartRadio</a>,&nbsp;<a href="https://podcasts.apple.com/us/podcast/money-making-conversations-master-class/id1264705641" data-auth="NotApplicable" data-linkindex="1">Apple Podcasts</a>,&nbsp;<a href="https://open.spotify.com/show/3ABAQdTXqAnhGwxrsjFa5y" data-auth="NotApplicable" data-linkindex="2">Spotify</a>, <a href="http://www.moneymakingconversations.com/subscribe/">www.moneymakingconversations.com/subscribe/</a> or wherever you listen to podcasts. New Money Making Conversations episodes drop daily.&nbsp; I want to alert you, so you don&rsquo;t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur.&nbsp; Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Cherina &amp; Mowbray Rowand.
<hr>
🔷 Interview Summary
Cherina and Mowbray Rowand&mdash;co-founders of the Rowand Group and creators of One Stop Taxes&mdash;share how they built the largest Black-owned tax preparation service in the U.S., scaling to 1,000+ virtual locations. <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
They discuss:
<ul>
<li>Their entrepreneurial philosophy</li>
<li>Their complementary roles as partners</li>
<li>The transition from brick-and-mortar to a virtual franchise model</li>
<li>Scaling strategies, team building, and infrastructure</li>
<li>Wealth-building through diversification (restaurants, real estate, hospitality)</li>
<li>Their creation of the Black Tax Festival to educate and unify entrepreneurs</li>
</ul>
The conversation blends practical business strategy, mindset, and community impact.
<hr>
🎯 Purpose of the Interview
The interview serves several key purposes:
1. Educate aspiring entrepreneurs
<ul>
<li>Demonstrates how to start, scale, and systematize a service business</li>
<li>Highlights real-world lessons in scaling, hiring, and structuring companies</li>
</ul>
2. Promote economic empowerment
<ul>
<li>Focuses on helping underserved communities access:
<ul>
<li>Entrepreneurship</li>
<li>Tax knowledge</li>
<li>Financial systems</li>
</ul>
</li>
</ul>
3. Showcase a scalable business model
<ul>
<li>Emphasizes low-barrier entry franchising and virtual platforms</li>
</ul>
4. Inspire through lived experience
<ul>
<li>Shows how vision, persistence, and partnership can create generational wealth</li>
</ul>
<hr>
🔑 Key Takeaways 1. Entrepreneurship = Service + Ownership
<ul>
<li>Entrepreneurship is framed as serving people first, then building a business around that service <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a></li>
</ul>
2. Complementary partnership is critical
<ul>
<li>Mowbray = visionary (ideas)</li>
<li>Cherina = implementer (execution systems)</li>
<li>Their success comes from balancing vision with structure</li>
</ul>
3. Scaling requires evolving your team
<ul>
<li>What works at $1M won&rsquo;t work at $10M+</li>
<li>Businesses must upgrade:
<ul>
<li>Attorneys</li>
<li>CPAs</li>
<li>Systems</li>
</ul>
</li>
</ul>
4. Systems &gt; hustle
<ul>
<li>They scaled by creating a repeatable system and training others</li>
<li>Their franchise model enables others to replicate success</li>
</ul>
5. Virtual model unlocked growth
<ul>
<li>Eliminating physical offices reduced cost and increased reach</li>
<li>Their early adoption of virtual tax prep became a major advantage</li>
</ul>
6. Timing + vision = breakthrough
<ul>
<li>They launched virtual tools before mainstream trust in digital transactions</li>
<li>COVID accelerated their already-built infrastructure</li>
</ul>
7. Lowering barriers drives scale
<ul>
<li>No startup cost, free training, and back-end revenue sharing allowed rapid adoption <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a></li>
</ul>
8. Marketing starts with relationships
<ul>
<li>Begin with:
<ul>
<li>Warm network</li>
<li>Strategic partnerships (car dealerships, apartments, etc.)</li>
</ul>
</li>
</ul>
9. Financial literacy is a wealth gateway
<ul>
<li>Many entrepreneurs lack:
<ul>
<li>Proper documentation</li>
<li>Financial systems</li>
</ul>
</li>
<li>Their platform and events aim to fix that gap</li>
</ul>
10. Community + recognition drive engagement
<ul>
<li>The Black Tax Festival builds community, education, and motivation</li>
<li>Recognition (awards, visibility) encourages performance</li>
</ul>
11. Diversification builds long-term wealth
<ul>
<li>They reinvested profits into:
<ul>
<li>Restaurants</li>
<li>Real estate</li>
<li>International assets (Dominican Republic hospitality)</li>
</ul>
</li>
</ul>
<hr>
💬 Notable Quotes On entrepreneurship
<blockquote>
&ldquo;Entrepreneurship [is] being able to set your own path&hellip; being a servant to other people.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On partnership dynamics
<blockquote>
&ldquo;He&rsquo;s the big idea guy&hellip; I&rsquo;m the implementation person.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On vision vs execution
<blockquote>
&ldquo;Let me get the vision out first&hellip; then we start figuring out the pieces.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On scaling infrastructure
<blockquote>
&ldquo;The same thing that works at $1 million is not the same thing that works at $10 million.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On early-stage hustle
<blockquote>
&ldquo;We didn&rsquo;t have a ton of support&hellip; but we had a lot of drive.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On innovation and skepticism
<blockquote>
&ldquo;When you tell a person we own a virtual tax company, they&rsquo;re like, &lsquo;What is that?&rsquo;&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On reducing barriers
<blockquote>
&ldquo;We don&rsquo;t have any startup cost&hellip; we train for free&hellip; we lowered that point of entry barrier.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On wealth gap realities
<blockquote>
&ldquo;We&rsquo;re left out of rooms because we don&rsquo;t have the proper paperwork&hellip; financials.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
On mission-driven events
<blockquote>
&ldquo;Hopefully [people] leave better than we found them.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CHERINA%20%26%20MOWBRAY%20ROWAND%20iHeart.txt">[CHERINA &amp;...AND iHeart | Txt]</a>
</blockquote>
<hr>
🧭 Bottom Line
The Rowands&rsquo; story is a blueprint for modern entrepreneurship:
<ul>
<li>Start with service</li>
<li>Build systems</li>
<li>Scale through people and technology</li>
<li>Reinforce success with community and education</li>
<li>Convert income into assets and ownership</li>
</ul>
Their model isn&rsquo;t just about making money&mdash;it&rsquo;s about making wealth accessible and transferable.
<hr>
#SHMS #STRAW #BEST

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!

https://www.moneymakingconversations.com

https://www.youtube.com/MoneyMakingConversations

https://www.facebook.com/MoneyMakingConversations/

https://twitter.com/moneymakingconv

https://www.instagram.com/moneymakingconversations/

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!
https://www.moneymakingconversations.com
https://www.youtube.com/MoneyMakingConversations
https://www.facebook.com/MoneyMakingConversations/
https://twitter.com/moneymakingconv
https://www.instagram.com/moneymakingconversations/

Money Making Conversations Master Class

Brand Building: They built the largest Black-owned tax preparation service in the U.S., scaling to 1,000+ virtual locations. 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7f082bc4-e284-470e-93c6-b47000fc0c03/transcript