Publisher's Synopsis
When it comes to entrepreneurship, African-Americans try twice as hard but only achieve half the success. According to a recent study by the Ewing Marion Kauffman Foundation, "blacks are starting companies at greater rates, but there is something within the process that causes them to fall out at greater rates." The Complete Startup Guide for the Black Entrepreneur-written in a down-to-earth, 'keeping-it-real' style-equips minority entrepreneurs with the business know-how they need to beat the odds. As the author insists, "Everyone who wants to be in business should be taught to succeed." This straightforward, easy-to-read guide offers a clear-cut overview of the steps to take to organize and manage any type of minority-owned business. Would-be entrepreneurs will learn how to set up their workspace, decide on a business structure, prepare a business plan, purchase essential equipment, price their products or services, stay on top of finances, and much, much more. The Complete Startup Guide for the Black Entrepreneur also includes the latest information on securing funding, establishing an accounting system, creating effective advertising, and managing for success. Plus detailed discussion of some of the key issues especially important to black entrepreneurs, including: . Getting the Small Business Administration (SBA) involved in the lending process . Deciding which SBA program works best: 7(a) loans, MicroLoans, or LowDoc . Becoming familiar with SBA paperwork . Going after SBA 8(a) set-aside contracts . Debunking 8(a) myths . Certifying a minority-owned business as a Minority Business Enterprise (MBE) Bill Boudreaux is the president and founder of Minority Business Options, LLC, a national consulting company dedicated to providing timely business publications and educational seminars for aspiring, small, home-based entrepreneurs. Bill has a Masters in Business Administration from Nicholls State University. He is a member of the faculty in the adult education program of Terrebonne Parish and a certified public accountant in the state of Louisiana.
