From advice on PPP loans to securing strategic partners, find out what Black-owned businesses can do now to move forward.
When Malla Haridat heard New York City was launching programs to mentor minority business owners, she almost fell out of her chair. "So often we hear promises," she says. "But don't hear results."
Haridat, a business coach, was on a panel of business owners discussing opportunities for Black business owners. She and her fellow panelists described a range of resources available for Black and minority business owners.
The increased focus on the Black business owners and resources devoted to them has created a "golden age" for entrepreneurs of color, says Kathey Porter, principal and CEO of Porter Brown Associates, a professional training and consulting firm in Alachua, Florida. It began even before the Black Lives Matter movement and protests of 2020, she says.
"If you were thinking about setting out and doing something," she says, "this is the moment."
The conversation occurred in an Inc. National Small Business Town Hall stream event Thursday, moderated by Teneshia Carr, Inc. contributing editor and founder of Blanc Media. Here are a few highlights of the resources the group talked about.
Networking Business owners are making new connections in virtual chats--Zoom coffees, Clubhouse rooms, and other remote events, says Haridat, founder of the New Designs for Life Training Company based in Yonkers, New York. Her pro tip: Bring your intro script ready to drop into the virtual event text space. Then, make a point to book time with people you "meet" at the virtual events.
"That's where I've heard people building relationships they wouldn't have otherwise," she says. Check out LinkedIn virtual events and any networks outside of your "comfort zone," says Porter. It doesn't have to stop at your laptop. When bills come up at the Florida statehouse related to minority and women-owned businesses, Haridat says she plans to be there every year to advocate for them. Click here to read more or watch the video
Open Water ranked No. 1 on the Inc. 5000 Regional Series: Midwest 2021. See the full list.
A 2009 documentary on the proliferation of plastic waste left Nicole Doucet and Jess Page, then University of Miami students, infuriated. They spent the next five years developing Open Water--100 percent recyclable and reusable aluminum bottles and cans of purified water. In 2020, it became the world's first carbon-neutral bottled-water company. With the tag line "more ocean, less plastic #byebyeplastic," it's a favorite of organizations such as the Field Museum in Chicago and the New York Aquarium, and has cruise line, gym, food-service, and corporate clients like InterContinental Hotels. As the pandemic hit those businesses hard, Open Water cracked into retail--and is looking forward to 2021. --As told to Christine Lagorio-Chafkin
Jess and I started looking at a bunch of different materials, everything from glass to plant-based plastics to cartons. Aluminum cans are the most recycled beverage packaging in the world--and yet no one was using them for water. Read more
we definitely will. Alright, so I'm gonna go to the Facebook family. So once again, putting in the marketplace, what are you buying? What are you selling? So Wow, this could go on for for it forever. But so if you have a product or service that you're offering, you're buying, you're selling please let's begin to support one another. So a couple of events and resources that I have for you. So one I call I call it tasks. I just came up with this, this this different name, and it don't really spell the word task, but I'll call the task y'all and it's called the entrepreneur sustainability checklist.
So I've got a group of entrepreneurs coming together, putting putting together 10 things that entrepreneurs should do on a on a monthly basis, it's going to be a course free course that we're putting together.
If you're interested, just email me at Omar at improve and progress calm. My wife and I, as you know, we deal with youth. We work with youth around entrepreneurship, ages 10 to 18. As you know, kids are not in school. So we're going to provide a resource Monday, Tuesday and Wednesday, we'll record them Wednesday, we'll probably go live, where we'll bring on some entrepreneurs and we'll bring home some resources to help students really take what they're learning in school, and what we're teaching from an entrepreneurship perspective, that's going to become a real soon. And then there's a another resource out there that I found online as I was doing so research, protect your business online, join the Corona, Corona, Corona, and if you want access to that,
I'll just give it to you. It's Bitly That's bi T dot L y forward slash, t e s c a p number one (bit.ly/tescap1) and I'll also put it in the chat as well. So again, thank you all for for coming in for tuning in.
Once again, thank Todd for his information that he shared. Again, a proven progress comm you can find past episodes of BriefCase radio workshop. We're going to be here next week. And next week we'll have a roundtable of entrepreneurs.
I want to hear from other entrepreneurs to find out how they're making out, how they're sustaining their business on this this crisis that
we're going through. So thank you for checking in. You now have another resource to go out and launch, sustain and grow your enterprise. Until next week, continue to improve progress.
The mission of EDAC is to connect budding & existing entrepreneurs to resources for venture management & growth.