Nita’s For-Profit Hat:
Nita is the CEO/Business Strategist and Founder of NitaBlack.com. The company’s services include business planning, budgeting and forecasting, and strategic planning for success. Clients are Founders of start-ups, growth companies, and non-profits. The company specializes in working with Baby Boomer Entrepreneurs, often matching Boomer clients with Millennials or GenXers who are good candidates with whom they can partner for growth and exit. Core services focus on business planning and a working cash budget to integrate financial and non-financial strategies for success.
NIta’s experience includes 30+ years in banking, where she worked with privately-owned companies typically with up to $50 million in annual sales. As a client relationship manager, she structured financing for her clients as well as recommended cash management strategies and bank products to help maximize their cash flow and minimize costs. Also, as a workout specialist, Nita customized strategies with clients for them to reduce debt in a cost-efficient and timely manner. Her 15+ years’ experience in both pre and post-bankruptcy situations provides extensive grass-roots business knowledge that is hard to find in other business strategists.
During her tenure as a commercial banker, and thereafter as a business owner, Nita worked with hundreds of businesses and non-profits to develop customized business plans, budgets, financial forecasts, and strategic plans. According to the Small Business Administration, 80% of failed businesses did not have a written business plan. Nita’s mission is to help clients experience financial and non-financial success. Failure is not an option.
Jobs Hatchery, Inc. was formed by Nita as a non-profit corporation to assist individuals in obtaining housing and employment. Jobs Hatchery manages a micro loan fund which is used to help fund businesses that create new jobs in the Memphis and Shelby County area.
Other volunteer roles include:
- Currently serves as finance committee member and transportation coordinator for Jacob’s Well UMC to help people get off the streets and find a job.
- Served as Past President and member of the National Association of Women Business Owners, Memphis Chapter (NAWBO Memphis) in support of accounting and strategic planning for the organization and its members.
- Served as Board Secretary for The Community of St. Therese of Lisieux which offers a two year residential program for women surviving prostitution and addiction.
- Served as Assistant Director for Refuge-Memphis which provides hope to the homeless through food, clothing, shelter, and educational pathways.