To most, the idea of starting something just to have it fail seems preposterous. Who would want to invest valuable time and energy into a project only to encounter unrelenting challenges and set-backs? Welcome to the world of entrepreneurship.
One of the most important business components for any start-up is determining how to collect payment from customers. While there are lots of payment processing providers out there it’s imperative to take your time to assess the respective pros and cons in determining which is best suited to your unique business needs.
10-year old Asia Newson is making waves across the country as the city of Detroit’s youngest entrepreneur with her candle-making company Super Business Girl. Since starting her business at just the age of five Asia has grown her venture into a national sensation, securing her a spot among The Grio’s 100 most influential people from business to politics to entertainment.
With everything going on in the world today it’s easy to lose sight of the inspiring work happening around us. A particular inspiration that comes to mind is young entrepreneur Santana Draper, whose eco-friendly fashion company PaperToyClothing creates hip designs for young men and boys, all while fulfilling Santana’s mission to help feed hungry children in the Houston area.
Did you know that while women of color encounter the most challenges in attaining sufficient resources to establish their own businesses, they remain among the fastest growing entrepreneurial segments in the country?
According to a report by the Center for Women’s Business Research titled The Economic Impact of Women-Owned Businesses in the United States, African American and Latina businesswomen, in particular, have experienced a respective 133.3% and 191.4% growth rate across a ten-year time span (from 1997 to 2007). This means that, of approximately eight million U.S. businesses owned by women, Blacks and Hispanics have a three to five times greater chance of launching their own companies.
Seeking expert advice and seed-funding for your venture? April 23rd’s “Harlem Demo Day” will offer Harlem and Bronx start-ups the opportunity to pitch their unique business ideas before an esteemed panel of judges in consideration for a series of prizes – including free packages to work out of HarlemGarage, in-kind services from local business partners, and more. The event will take place from 6:00p-9:00p at the Harlem Garage, located at 318 West 118th Street in New York.
So you’re ready to start turning your entrepreneurial dreams into reality, but are stumped on where to begin. Here are some quick and basic tips on how to build your organizational infrastructure and put your best foot forward out the gate.
Finding a quality consultant can sometimes be like finding the right mate: it’s far from easy and there will definitely be some duds but you’ll get smarter and learn a lot of valuable lessons along the way.