Learning Some Valuable Business Tips with Business & Financial Expert Solomon RC Ali

    A little business advice can take us a long way, wouldn’t you agree? As the unemployment number rises, people are trying to become more creative with ways to make money. Some people are turning to stocks, real estate, starting a business, writing books, etc. We all have the desire to want more and might be doing some research on how to get started. I recently had the pleasure of interviewing a Business and Financial expert, Solomon RC Ali. 

Solomon has over 28 years of business and finance experience, he uses his expertise to build up disadvantaged and minority entrepreneurs. His prominent voice and influence have helped minority businesses secure intellectual property, raise funding for start-ups, bring products to market and scale their businesses. Solomon RC Ali excels in working with professionals to negotiate acquisitions, financing, loan and acquisition analyses, the implementation of corporate stratagems, along with sales and marketing techniques.

Solomon is on track to grow businesses to achieve success and seeks to be of assistance to new or under-performing companies. He believes that the best gauge of an entity’s ability is to obtain funding in its formation. By forming lasting alliances with banks, lenders, and prominent attorneys. Solomon Ali brings to his current ventures, as he has all others, a wealth of experience in business, insurance, and investments that has proven to be greatly rewarding.

During our discussion, I was able to ask a few questions that I felt touched just the surface of Solomon's knowledge when it comes to being an entrepreneur. Here are a few questions that were asked during our interview. Please make sure you listen to our full conversation on Apple Podcasts, TuneIn Radio, Spotify, RadioPublic, Google Podcasts and so many others.

Serving as the officer of a technology company in its developmental stages, Solomon used his business acumen to bring the company in to a position of industry dominance by competently executing the management of its intellectual property assets and licensing. In the energy industry, he assisted a company in increasing its annual revenue from $20 million to $75 million. In the private equity industry, his grit and determination managed to turn his $250.00 start-up fund into a multi-million-dollar company within several short years.

Question: How did you get into the business world?

Solomon: That goes back many years. I got out of the military in the mid 80’s and when I got out of the military, I couldn’t find a job. I ended up doing something that I learned growing up. After football practice I had to go help my parents clean up apartments that they owned. From painting to replacing the toilets, and the holes in the walls. Everyone else was able to hang out after football practice but I had to do that. I appreciated when I could not find a job that I was able to do that. I never went to College for business and did not really know a lot about business, but I knew I had a dream, a lot of motivation and spirit and that is what got me started.

Question: A lot of people are taking the time right now to start businesses but what are some of the do’s and don’ts would you give to people that are trying to start their business now during the pandemic?

Solomon: Awesome question. I would first say to get a team of professionals who understand what your vision is, who understand where you want to go and who can help you get there. And who are already successful. For example: If you are in real estate, do not just get someone that is licensed in real estate, you need to get a person who is at the top of their industry. You need to get the number 1 real estate agent, the number 2 or number 3. You need people at the top of their industry that can help guide you and to lead you. Another example, lawyers. I don’t just go hire a lawyer, I get a senior partner of the law firm and I also get with an attorney who is at the top of his game in his industry. You also need someone who is vested so give them an interest in your company so that they are vested and help you to achieve what it is that you are trying to achieve.

Solomon: Most businesses fail at getting capital. (Listen to the full interview)

Mr. Ali goes on to give more advice about business, the stock market and some more entrepreneur wisdom along the way that we like to call gems.Solomon is a business leader, an invaluable community resource, a capable writer, an unmatched educator, a credible commentator, a man of God and of Family. Learn more about Solomon Ali at: https://www.solomonrcali.info/