Your Customers Are Doing Economics Whether You Are or Not with Dr. Kristi-Warren Scott Bishop of Verity Consulting

Ep 146: Your Customers Are Doing Economics Whether You Are or Not with Dr. Kristi-Warren Scott Bishop of Verity ConsultingPart of noseyAF's 31 Days of Black Business series 🖤She was going to call herself the corniest economist. Her friend said no, you're the baddest economist I know. She was terrified to use it. Her friend said do it scared.Dr. Kristi-Warren Scott Bishop is a PhD economist and the founder of Verity Consulting, which she launched in fall of 2025 after spending over a decade doing economics across the federal government. She started it because she was tired of watching businesses make what she could plainly see were bad decisions.What We Talk AboutWhat an economist actually does for a business, and why there's no wrong time to bring one in, whether you're just starting or something just feels offWhat supporting Black business actually looks like from an economic perspective, at both the micro and macro levelHow Hump Day Economics started, and why she couldn't find a credentialed economist explaining why the eggs cost what they costThe unexpected turn: she's not a subject matter expert in your field and doesn't try to be. She brings the tool. You bring the business.If you love a conversation that makes something big feel usable, this episode is for you.Chapters:00:07 - Celebrating Black Business Month05:08 - Understanding Consumer Economics13:20 - Understanding the Role of Data in Consumer Behavior23:31 - Engaging Economists: Timing and Strategies for Entrepreneurs32:21 - Understanding Consumer Values in the Black Community46:34 - Transitioning to Business InsightsAll about Kristi BishopYou're gonna love Kristi. Dr. Kristi-Warren Scott Bishop translates how economics shows up in ordinary decisions, from why the gas tank waits until morning to why grocery prices feel different than the receipt says. Under the banner The Baddest Economist You Know, she turns ideas like present bias and revealed preference into weekly conversations her audience actually finishes watching. She's spent over a decade in federal economics work, including at the CDC and the Social Security Administration, and now runs Verity Consulting, a boutique economic consultancy helping consumer-facing organizations understand the economics driving their customers' behavior. Verity offers two tiers of monthly subscription with a three-month minimum, plus larger project engagements. Their first big one wrapped in April for a Black-owned spirits brand in Prince George's County.Things We MentionedVerity Consulting → verityconsultingllc.com · [email protected] Day Economics, her weekly Instagram seriesCourtney Walden of Chicago Massage, her best friend and one of her clientsThe K-shaped economy, and what it explains about the airlinesThis series is supported by Off the Grid, a podcast for small business owners who want to leave social media without losing their clients. Find them at offthegrid.fun 🖤Connect with Kristi BishopWebsite: verityconsultingllc.comEmail: [email protected]: @verityeconStay Connected📬 Get the noseyAF Dispatch → Subscribe here 🏡 Grab the Good Neighbor Playbook → Download it freeMore ways to connectEmail: [email protected] on IG: @stephaniegrahamListen to more episodes: noseyaf.comSupport & FeedbacknoseyAF is listener-supported; thank you for being here. 💛🫶🏾⭐ Rate & Review the Show 📣 Share noseyAF with a friend who needs to hear thisEpisode CreditsProduced, Hosted, and Edited by Stephanie GrahamLyrics: Queen LexInstrumental: Freddie Bam FamCover Art: Emma McGoldrick