Frequently Asked Questions

The Ultimate Virtual Business Hub is a combination of valuable business resources joined with immersive business-building elements designed to help small business owners grow their businesses.

The Ultimate Virtual Business Hub includes:

• funding opportunities

• business-building tutorials

• access to business advisors

• networking events

• hands-on workshops

• opportunity to sell products

• finding customers

• hosting one-of-a-kind marketing events

We offer a handful of resources via our Online Hub, but unlock the entire ultimate business hub experience you must download the Virbela app and visit our Virtual HQ.

Our Ultimate Virtual Business Hub gives you exclusive access to a Metaverse spaced called Virbela. Virbela is a robust Metaverse designed for business owners and professionals.

Virbela is also home to our Virtual HQ and a global customer base.

As an IBA member, you will have access to Virbela and our Virtual HQ.

When you're on Virbela, you'll meet many people excited to support small businesses. Plus, you can organize and host special marketing events for your current customers to boost sales.

Premium and Elite memberships include private office/retail space in our Virtual HQ.

In your private space you can showcase your products and services, have quick links to your website for easy purchasing, and share demonstrations.

Visitors and other members are encouraged to visit your space and support your business.

IBA has several business building solutions to meet the needs of all small business minority-owners including a free Step-by-Step Guides, Monthly Business Building Sessions for Premium and Elite Members, and opportunities to participate in think tank presentations, workshop labs, and networking events.

We help businesses with the following:

• Providing virtual space to sell products and services

• Access to Co-Working Space

• Help grow your Customer Base

• Forming and Testing Business Ideas and Products

• Building a Supportive Community

• Business Structure Planning & Development

  • Formal or informal business plans, plan and develop business concepts, identify the best business structure, plan and develop customer experience, business and revenue flow, and resolve conceptual problems.

• Fund Finding Planning & Development

  • Find funding opportunities and help create funding plans.

• Budget Planning & Development

  • Help business owners create executable budgets, find saving opportunities, help balance the budget, identify the business owner's income, and identify budgetary concerns.

• Employment Structure Planning & Development

  • Help business owners plan and create employee handbooks, identify compensation and benefits, create a management structure, and identify hours needed to complete duties.

• Process and Procedure Planning & Development

  • Help business owners create policy and procedure manuals, identify the correct procedures for optimum work and business flow, and identify necessary policies to protect the business without impeding the flow.

• Taxes and Accounting Planning & Development

  • Help business owners find suitable tax support and accounting software, identify best practices for banking and investing, and help clients set up their accounting software.

• Marketing Planning & Development

  • Help business owners create a marketing plan, identify target markets, review and recommend ad campaigns, and identify SEO and overall marketing opportunities.

• Product and Services Planning & Development

  • Help business owners develop product or service ideas , identify areas of opportunity, identify cost-saving solutions, fine-tune customer options, identify high-value opportunities, and identify the ROI for each offering.

• Website Planning & Development

  • Help business owners build or refresh our client's website, identify areas of opportunity, ensure functionality and flow, and identify features to enhance online presence.

• Social Media Planning & Development

  • Help business owners create a social media presence, identify social media ad campaign opportunities, content recommendations, and social media management recommendations.

• Sales Strategies Planning & Development

  • Help business owners develop a sales strategy, create a sales funnel, identify sales tools, i.e., email marketing, loyalty programs, etc., help create sales goals and metrics.

Business building advising is a process in which experienced building business advisors guide small business owners in the development and growth of their businesses.

Schedule a 30-minute Business Planning Session.

Our Business Building Planning session is available to all members. During the planning sessions, we spend about 15 minutes learning more about our member's businesses or ideas to identify their needs better.

We spend the remaining time clearly showing our members their Business Building Roadmap and how to use the Step-by-Step Guides. We also discuss additional services we offer that might benefit the member.

After the Business Planning Session, we email the member their Business Building Roadmap.

No, we can conduct Business Building Sessions via Google Meets, but it is preferred for all members to use our Virtual HQ.

Yes. Our Virtual HQ and Open Campus is an exclusive opportunity for our members and other business owners and professionals.

Please review the system requirements to ensure an optimal experience.

Our Virtual HQ is located on the Virbela platform and to access our Virtual HQ you must have a special passcode.

Customers of our members can request free access to Open Campus and Virtual HQ.

Innovation Business Academy's goal is to help as many minority small business owners as possible. High price business consultants and coaches typically exclude the very clients we desire to help.

Our extensive level of experience and success has afforded us the opportunity to pursue our passion. Don't get us wrong we believe in being compensated for our hard work and experience, but we understand that most successful small business owners average an annual revenue between $45K-$85K.

As a business building company and cash flow being one of the top reasons businesses struggle, it is not in our member's best interest to spend a significant portion of their income on counseling and coaching.

We are making a conscience decision to to put people before profits.

Elite Members can participate in our Think Tank Program by hosting a product pre-launch or idea session once a quarter.

During the Think Tank, members will offer constructive feedback to the business owner that they can be apply to make the necessary adjustments on their products or ideas.

Think Tanks are a great way for business owners minimize their business fails to grow their businesses and save money.

We consider the following groups as minorities. Latinx Americans, African Americans, Asian Americans, Arab and other Middle Eastern Americans, Native Americans, Native Hawai'ians and other Pacific Islanders, Alaska Natives, LGBTQI+, and women.

We understand that women, especially white women are not typically considered a minority, except in the world of business.