Business 101

Simple Steps to Business Success

Formalizing your business idea

When it comes to starting and running a successful business, one of the most important factors is knowing and connecting with your market. It doesn’t matter how amazing your product or service is—if no one hears of it (or worse, no one needs it), then it won’t sell. While we have all been taught that the best way to enjoy our work is to choose a career that we are passionate about, when it comes to starting your own business, it is important to be able to step back and honestly ascertain if what you are passionate about is also a marketable idea. If it is, then get ready to dive in!

Formalizing your business idea

Schedule a MEeting

The Plan

It’s been said that if you fail to plan, then you plan to fail. In business as in everything, having your strategy and timeline established (to the extent that it’s possible to do so) before you start investing equips you for success. Particularly when the time comes to reach out to investors or acquire loans, you need to have a strong business plan in place that demonstrates not only that your business idea is viable, but also that you have taken into account the various challenges and roadblocks that will inevitably arise on your journey to success.

Schedule a MEeting

Getting Financing

Money

Although there are a few exceptions, nearly all new businesses will require some sort of startup capital in order to launch—and in many cases, you will want to have operating capital in reserve to help you through the first year, as well as any difficult times that might arise. If you don’t have your own capital with which to start your business, you will need to decide if you want to seek a loan, or if you want to bring in investors who will help fund your startup in exchange for shares in your company.

Getting Financing

Transformation Completed

Sustainability

Once your business is up and running, the work has only just begun. Equally important is pursuing strategies to ensure the sustainability of your business model. This includes establishing efficient, cost-effective means of production and communication, investing in marketing, and being prepared for any challenges that might arrive. You also want to have a solid growth plan built into your startup, so that you don’t get stuck at a plateau, with no room for expansion.

Transformation Completed

We can help you with...

Skills training

Our courses will allow you to develop strong skills in financial literacy and entrepreneurship.

mentoring

Our Instructors and Experts are experienced professionals who can guide you through your business ventures.

Expert Advice

Our Experts are ready to answer your questions to empower you to succeed.

Support

We'll always be here to support your projects, whether at launch, or beyond.

Here to serve and support your business.

Planning

Our Experts will help you navigate through your business venture from the very start. Take comfort in having sober second-thought by your side that will save you from costly hiccups.

Programs

Our Programs are designed to drive your Black Business spirit. Regularly participating in them will empower you to push through your biggest hurdles, and allow us to support you directly.