Entrepreneurship isn’t easy. Did you know that around 50% of startups fail within the first five years after their launch? Get to talk to an entrepreneur and find out some of the struggles they’ve gone through to get their businesses where they are now. Unfortunately, the barriers are far worse for Black entrepreneurs. The good thing, though, is that there are resources they can leverage to their advantage. Below are 5 examples.

Black Founders

As a black entrepreneur, you may need to be empowered to build and grow your business till it is successful. Thankfully, Black Founders is an organization that aims at empowering, mentoring n even funding black entrepreneurs. Also, they offer guidance that helps leverage your business. 

Importantly, if you are into technology entrepreneurship, this is the organization to be a part of. Unfortunately, not so many black entrepreneurs are venturing into this scope. Therefore, if you want to increase the representation of Blacks in technology entrepreneurship, join Black Founders as soon as you can.

Supportive Bankers

The banker you work with can help build or break your business. Your business as a black entrepreneur is your top priority. Thus, don’t be scared to let go of whoever doesn’t seem to be in line with the success of your business. Also, when choosing a banker, ensure it is someone keenly interested in your business and its success, not just another account number. A supportive banker will know the location of your business, have your contact details, and even pays you a visit to your business. So, if your current banker doesn’t do any of these, why not get one who truly supports you?

Black Business Association

As a Black entrepreneur, you should join the Black Business Association if you aren’t already a part of it. why? It helps improve how much Black business owners get procurement contracts and opportunities. Other than this, be sure to attend their events, or even take advantage of their funding. Nonetheless, they can guide you on how best you can leverage your business.

So, where can you get Black Business Association? They are originally located in Los Angeles, where the largest chapter is at. However, you can get other chapters across the United States.

Black-Owned Everything

This is another great resource to tap into as a Black entrepreneur. If you’ve been struggling with marketing your business, Black-owned Everything helps you get the publicity and exposure you need to grow. So, how does the organization achieve this? If you would want them to market your business, you will have to apply so they can feature you on their popular Instagram page.

Minority Business Certifications

As a black entrepreneur, you are already part of the minority group#. Thus, you may miss out on some great business deals and contracts especially from larger corporations because of discrimination against your race. Thankfully, Minority Business Certifications is here to help you achieve success in your business by increasing your chances of getting those contracts from large corporations. 

With this certification, you put your business ahead of the competition curve. After all, your startup may be competing for a market for goods and services with other well-established businesses. In this case, Minority Business Certification can be of great help. Moreover, they have programs, both public and private, that may financially help your business.

Conclusion

Black entrepreneurs have resources that can help them leverage their businesses to build and grow. While some help you market your black-owned business, others will guide, mentor, and even finance the business. Also, you need supportive partners for the growth of your business.