October marks the start of Black History Month in the UK, a time dedicated to raising awareness of the black community’s accomplishments and contributions to society.
The concept of Black History Month was first organised and founded by ‘Akyaaba Addai-Sebo’, who observed Negro History Week in the U.S and wanted to create something similar in the UK. Since then, there have been many positive reforms and changes in policies that have given black people the support and researches needed to succeed.
Entrepreneurship is a difficult road to take, regardless of background. That being said, the right idea can be worth millions in today’s world when matched with the right people, the right mindset, and the right culture.
Part of the process is setting up a long-term business plan, so you can adopt a solid strategy and philosophy that works best for you and identify potential barriers early on. It is also important, especially as a black entrepreneur, to have a group of peers and mentors you can draw insights and guidance from – ideally someone who has endured hardships before you.
This means being attuned to those people that have your best interest in mind. At times, you will find guidance and encouragement in a good mentor. And while someone with more experience can offer great words of wisdom, they’re not the only form of guidance available. Peers and others in business can offer great advice and may have another perspective on things currently being operated or may be able to recommend new technologies or approaches worth your time.
It is thanks to these people that we are seeing more and more successful black entrepreneurs than ever before. In the UK, great successful black business owners like Theresa Roberts, founder of Jamaican P
To help you get the best out of your business venture, we have gathered the best tips from 8 black entrepreneurs, who have shared their best piece of advice when starting out in business.
“People can be committed to and passionate about lots of things, but this by itself is not enough. Authenticity is more than when someone believes in what they say or acts in a way that is consistent with their beliefs. Don’t be a ‘me too’ company. Make sure you are in it for the long haul and try and think ahead”
Theresa Roberts, founder of Jamaica Patty Co
“Think about the problem you are trying to solve and who you are trying to solve it for. Does what you are offering meet that need?
Do your market research with an open mind and be willing to change your idea to make sure you are meeting your customer’s needs”
Rachel Corson, Co-founder of Afrocenchix
“Just go for it. You need to start somewhere. If you want to do something, sometimes you just have to. There are lessons I’ve learned that I couldn’t have learned any other way. If you want to start a business, you have to start a business.”
Jocelyn Mate, Co-founder of Afrocentrix
“Hire people that are more experienced than yourself! Training the next generation is the future; we bring fresh ideas, a new take on things. We are more fearless than the generation before. But nothing is as good as experience”
Alicya Sinclair, founder and director of Sinclair London
“What’s the most important business lesson you’ve learned so far? I’ve learned that sometimes things don’t always go according to plan. It’s important to manage any crisis and be flexible.”
Elizabeth Solaru, Owner Elizabeth’s Cake Emporium
“It’s not always about money. The money will come if you make your passion your business. Along these lines, it’s important to value your relationships. I spend a lot of face-to-face time with my clients. Customers stay with you when they know you care about them.”
Marcia Jones, founder and president of Urban Connoisseurs
“You must have clear and concise financial goals
. Youhave to save and invest as much money as you possibly can for as long as you possibly can. Saving has to become a habit.”
Trinity Manning, CEO of OnceLogix
“The best way that I know to grow personal wealth is first to understand the value and importance of investing in yourself and saving for your future. Without this firm understanding, it is virtually impossible to maintain the discipline required to succeed.”
Miko Brand, Co-founder and CEO of Miss Jessies
Do you have any good business tips for new entrepreneurs? Please leave your tips in the comments below
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