Business Mentor NY – a program of Empire State Development

Program Update

Mentees and Mentors,

We appreciate your interest in mentorship. Please be advised that after March 31, 2024, the Business Mentor NY Program will cease to operate. However, you can continue to access mentoring services by contacting Entrepreneurship Assistance Centers in your area at esd.ny.gov/eac-directory to obtain one-on-one counseling with your current business idea or small business.

If you would like to continue offering pro bono mentoring services to entrepreneurs or small business owners, please email us at nylovessmbiz@esd.ny.gov with your core business skills, experience or education and your preferred service area.

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My full assessment

Set up and Planning

  • Created a business plan
  • Performed a competitive analysis
  • Assessed the value of the market
  • Interviewed potential customers
  • Tried to sell to customers
  • Neutral
  • Neutral

Market Research

  • Neutral
  • Not confident
  • Neutral
  • Not confident
  • Not at all confident

Finances

  • Not confident
  • Not confident
  • Not confident
  • Not confident

Sales

  • Neutral
  • Not confident
  • Neutral

Operations

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Not confident
  • Not confident
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  BMNY Women's Enterprise Development Center - MHV

Abiola Gittens-Petit Entrepreneur

Location Poughkeepsie, New York, United States of America
Venture Industry Real Estate
Languages spoken
  • English
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

I have come across a lot of challenges so far. My first challenge is my negotiation skills. I have acquired a few signed contracts with the sellers, but based on the construction needed for their property they were unwilling to lower their price for an investor to buy their property because it is a "seller's market." Thus I had to drop those contracts.

Another challenge I face is low inventory in a saturated market of investors (like myself) trying to acquire properties. I am trying to solidify a strategy that sellers would come to me so I can help resolve issues they have. If I can sell/ buy their home to provide financial relief that would be the best opportunity for me to beat out my competition.

The third challenge I face is marketing/branding/social media. I have to admit I am an introvert, but I am working hard every day to put myself out there. I have created a LinkedIn account and FB page for my business., though I only have 15 followers (LOL). I would like to be more confident in my skills to reach out to more people, but also provide informational content to capture the right audience. I would need help building a website, so customers can see I am legitimate so I can increase my customers, thus increasing my reviews, thus increasing my revenue for my business.

Actions I’ve taken so far

I have started my LLC, which I have been operating under. I have applied for grants, which I did not win. I created a FB page and LinkedIn accounts. I have joined Real Estate groups and meet-ups. I have joined mentorships groups and listened to seminars. I have connected with sellers and sent contracts. I am building my lists of investors in different locations as well as lenders.

My future goals

I am hoping to make at least 10k a month, by just flipping 1-2 contracts a month. This will help to build the capital I need to start doing projects of my own. I am manifesting that I would be able to complete 1 fix-n-flip project and acquire 2 doors for buy-n-hold. I would also like to obtain my real estate license.

My motivations to work with a mentor

I would like to work with a mentor to help guide me on my negotiations skills, gain a better ability to do comps in an area, and build my website and social media marketing.


About my venture

Abby's Bright Living, LLC Started 2021

I started my business as a real estate investor. My goal this year is to acquire a real estate license as well. I am currently trying to wholesale properties ( flip/sell contracts) to acquire enough capital to start Fix-N-Flip properties and do buy/hold. My future goal is to start rental arbitrage.

Countries of operation: United States of America