WHY SOME BLACK-OWNED BUSINESSES FAIL

BLACK-OWNED BUSINESS OWNERS ARE SOMETIMES THEIR OWN WORST ENEMY. 

1. Legalize Your Business: Running a legitimate business is a competitive advantage. A business of any kind should adhere to local laws and regulations. Conduct due diligence on what is required for you to be in business legitimately. Seek the help of a business attorney and speak with insurers for your industry.
2. Find an Established Partner: If you are unable to obtain proper licensing, insurances, etc., seek out a strategic partner or consider merging with another established business with the setup you need.
3. Network: Join industry professional associations and/or attend networking events offered by chambers of commerce and business associations for referrals and to meet potential partners across other industries.