Several small business owners unfortunately missed out on the $10,000 forgivable EIDL and the Payment Protection Program. Why? Lack of paperwork proving a legitimate business. If you fall into this category, please do yourself a favor and get your business affairs in order now.
If you’d rather read the video transcript, you can find the full transcript below:
0:00hey guys dr. Tye here I really wanted
0:04to just come out today and just really
0:07speak heavily on this state of
0:11where we’re at right now in this
0:13pandemic give a little motivation and
0:15just really make a clarion call to
0:17really what’s going on for the licensed
0:20beauty environment professionals that
0:22regards hair skin and nails I think that
0:25you know right now at this very moment
0:27we have become so important in society
0:31not saying that we weren’t important but
0:34I think that you know we have always
0:36kind of been like the redheaded
0:38stepchild and sometimes we are not
0:41taken serious as we should and sometimes
0:44a little bit for granted not everybody
0:47but I think that most of the time we’re
0:49not taken as a serious for the purposes
0:53that were needed and I think that right
0:56now where everybody is being quarantined
0:58where everybody’s sitting at home don’t
1:00think that people don’t want to look
1:03good don’t think that people don’t want
1:05a fresh haircut don’t think that people
1:07don’t want to have their hair done they
1:08do and a lot of people are trying to do
1:13it themselves get a little bit of
1:14Education from us so that they can kind
1:16of do a little bit of this artistry
1:18that we’ve gone to school for that we’ve
1:20put in a time that ours the heartache
1:24the frustration of really trying to make
1:27ourselves become successful in this and
1:29this line of work that we do and I think
1:31sometimes we’re not taking as serious as
1:33we should but a lot of that is really on
1:36us so I really want to talk about you
1:39know us being essential I think that
1:41we’re very essential regardless of what
1:43government is that we are essential or
1:47non-essential I think that we’re very
1:48essential and I was just just talking to
1:52a few people that I know or some some
1:54are phone calls and also just taking
1:56some time to really get ready for the
2:00next phase of what this career
2:03is going to allow us to become more of
2:06and less of and I think that we are
2:09gonna have to really upgrade our
2:11services
2:12not because we not because we don’t want
2:17to but because we have to and I think in
2:19us having to we’re going to really
2:21exceed what we need to really do and
2:25become more successful so I took some
2:27notes down and I really want to share
2:29some things with you guys and just kind
2:32of give you an idea of why I am really
2:37focused on really the business of this
2:40industry and why we should take it more
2:42serious I think that we don’t take this
2:44profession as serious as we should
2:47because we’re so focused on what we’re
2:49doing behind the chair I am such a
2:53advocate for wanting us to be successful
2:56from beyond that chair and I think it’s
2:59because I’ve been out here for a long
3:02time running a tech company been in the
3:03industry for over 25 years having a
3:06salon and barbershop for over two
3:08decades I think that I know what it’s
3:10like when I walk into a bank or when I
3:12want to get a line of credit or when I
3:14want to go finance a home when I want to
3:17increase my portfolio and add to that
3:20how people look at me when I tell them
3:22what profession I’m in I think that they
3:25don’t take us seriously because you know
3:29somewhere along the line we have
3:31diminished what we do in this profession
3:35by doing it illegally by shade tree and
3:38ourselves by being kitchen tician about
3:41being garage barbers and just by going
3:43back and forth to people’s houses to
3:45their jobs making our job just seem like
3:48anyone can do it and I think that it’s
3:51because a lot of people in this
3:52profession aren’t licensed there’s
3:54nothing wrong if you’re not licensed if
3:56that you’re if you’re doing it for a
3:59hobby but if you’re doing it as a
4:02profession this is not something to take
4:05lightly sance is required if you want to
4:09be taken serious simply because the
4:12banks need a paper trail you need to do
4:14your taxes and all those things and
4:15we’ll get off into that but I think that
4:18we don’t take this this industry serious
4:20and you know I’m constant on the
4:22computer I’m constantly working with my
4:25team I share share but I’m educating
4:27them on how we operate in this business
4:29and I think sometimes they’re a little
4:31bit amazed at how big and how our gun
4:35trend this industry is when you think
4:39about everything across the board not
4:42just the artistry a little bit products
4:44we’re talking about tools we’re talking
4:46about the education we’re talking about
4:48the businesses just educating them to
4:51get them to understand why we’re
4:53superseding so many other professions
4:56when it comes to multi-billion lot of
4:59industry and just really ling-ling the
5:02groundwork for the the newcomers that
5:05are zero to three years in this industry
5:07and also helping those who’ve been 5 to
5:1010 years in this industry that haven’t
5:12probably done everything that they could
5:13or should do in order to really create
5:16that success that level of success that
5:18they want but also those ones that have
5:20been in industry 10 plus years that
5:23haven’t reached that level where they
5:26want to get and where they say ok well
5:28I’m getting older I may want to phase
5:30out what else can I do have I done the
5:32proper things to do to really take the
5:36the next step in going into the next
5:38phase of my life and a lot of us we do
5:40it for the passion but we also do it
5:42because this is the only way we know how
5:44to survive and make money and there’s
5:47nothing wrong with that because I love
5:48this industry being in it as long as I
5:50have and I still love it as I did from
5:53the first time I even started they want
5:55getting out of school but let’s think
5:58about this guys we think about this
5:59stimulus package there’s 2.2 trillion
6:02dollars that that Trump has allowed
6:04everyone to be a part of if we’re in
6:08this industry as a business if we’re
6:11doing our paperwork right if we’re doing
6:13our taxes if we are running our business
6:15properly we’re able to get this money
6:20that is going to help our businesses
6:22while they’re down and I think that it’s
6:25important that we think about you know
6:28the things that we got to do I’ve had to
6:30go to the bank
6:31miss paperwork and you know guys if
6:35you’re not doing your taxes if you don’t
6:37have legitimate documents and paperwork
6:42you’re not gonna get any of this money
6:43it’s just not gonna happen and I think
6:45that it should be known for even the
6:48independent contractors that you have to
6:52take yourself serious having the proper
6:55proper documents the paperwork to
6:57qualify for that a IBL the economic
7:00injury disaster loan is going to be
7:03super important and and following those
7:06and following all the stipulations in
7:09order to get that and now I started the
7:12$1,200 that that the president is giving
7:15all its giving everyone just think about
7:18us as professionals who don’t have a
7:20bank account or who haven’t filed our
7:23taxes we don’t even we not even qualify
7:26for direct deposit because the IRS
7:29doesn’t have no any any information or
7:33bank information to even push that money
7:36into your account so think about this
7:38and take yourself serious going into
7:39this next phase of your career after all
7:42this is said and done when we can go
7:44back to work what are we going to do I
7:47think that we should really really think
7:50about why we are doing what we’re doing
7:52and not just look at it from the
7:55artistry and the talent that is that’s a
7:57given I think if you’ve gone to school
7:59if you a great barber if you’re a great
8:02cosmetologist if you’re a great colorist
8:04if you’re a great makeup artist if
8:05you’re a great masseuse whatever you do
8:08that you’re graded it’s bigger than that
8:11it has you have to supersede just the
8:14artistry of it just your talent and
8:16really get behind yourself as a business
8:19and people will take you serious and
8:22let’s not just look at it just for the
8:25artistry you know I think society really
8:28wants to I think they really want to
8:32look at us and say man I really need I
8:35really need my stylist I wish that that
8:40that they could open up salons and
8:42barbershops and spas
8:43because people if they if they told us
8:47the rules and regulations to be able to
8:49service people trust me shops will be
8:51full clients are probably saying right
8:54now
8:54I wonder how how tie is making it you
8:57know you know if we don’t work we don’t
9:00eat and I think that most of the time
9:03people think like that about us but
9:05believe it or not guys if you’re doing
9:07your business right and you have a
9:08savings account
9:09you’re probably saving your money you’re
9:11spending well you’re paying yourself
9:12first you’re running your business right
9:14and you’re taking care of your business
9:16you’re going to make sure you’re gonna
9:18weather through this storm most people
9:20who are not gonna wear the through this
9:22storm are people who are just doing it
9:23momentarily it’s going to be important
9:27to understand that momentarily is not
9:30good enough when we’re going through
9:32disasters and trials like this pandemic
9:35that we’re going through right now and
9:37know that I’m going to be sharing more
9:40information go to choose your education
9:43go to the sheer share education portal
9:45and it’s sheer sheer build my business
9:48dropping all this knowledge guys it’s I
9:51don’t want this to go by the wayside I
9:53want you to take what I’m saying
9:54seriously and and just know that as we
9:58continue to work ourselves through this
10:01phase as we continue to think about what
10:04is going to happen going into the future
10:06think about the business from behind the
10:09chair because you I’m ready to go back
10:11to work I’m sure my staff is ready to go
10:13back to work my team is ready to go back
10:15to work my shop is ready to get back
10:17which ready to open back up just like
10:19yours and and and your friends and
10:21everyone else that you know but we have
10:23to make sure that we’re doing our part
10:25and I think that this was a clarion call
10:28for everyone understand that if we don’t
10:32do what’s right if we don’t do the
10:34things that we need to do and this
10:35happens again a lot of businesses are
10:38going to close just like they are going
10:40to happen doing this pandemic we want I
10:42want everyone to be successful get ready
10:46once this once once they must Trump
10:50allows us to go back to work you’re
10:51governor all the officials that are
10:54gonna allow us go back to work
10:56about to work you want to get super busy
10:58take that time and understand put money
11:02away and best open an account pay
11:05yourself first take care of your
11:07business don’t throw your money away and
11:09don’t waste your time buying things that
11:12aren’t going to be give you and show a
11:14value or give you anything that’s going
11:17to proper that’s going to actually help
11:18you make money do some things for
11:21yourself
11:22what my mom always tell me reward
11:25yourself but don’t overdo it I think
11:27it’s important that we understand at
11:29least that much of our business because
11:32we make money we make a lot of money but
11:34at the same time we spend more than we
11:36keep I want you guys to understand that
11:38I am so excited about the future but
11:41right now as we’re going through this
11:43pandemic as we’re going through this the
11:44stressful times keep your head up stay
11:47positive
11:48always realize that God has your back
11:51he’s not gonna take you through anything
11:52that you can’t handle trust in him first
11:55and everything else will will will make
11:59sure it pieces itself together
12:01I trust my god that it doesn’t matter
12:04what we go through what I go through I’m
12:07always praying that his will be done and
12:10I know that we’re gonna get through this
12:12and we’re gonna come out better than we
12:14are going through this on the other side
12:16have a awesome day
12:18I will get back to you guys with more
12:19information but I want to send a little
12:21motivation I want to just really just
12:24shout out how important the things that
12:27I’m sharing is and just tell you guys
12:29that we’re a central people are really
12:33seeing now how important we are and I
12:36want you to understand that be safe
12:38don’t go out there doing any things
12:40you’ll need to do I know that you want
12:41to make money but be careful and the
12:45government is shutting down people who
12:47are working in this industry and there
12:49are people that are there are getting
12:51sick and then some people gain the
12:53license taken away because they’re going
12:55against the rules and the government is
12:57a shutting their licenses down so be
12:59careful out there and we’re gonna be
13:02alright on the other side have an
13:03awesome day I know you guys are going to
13:06do well just continue to fight continues
13:08on everything to be good peace out
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