Minority Business Funding
Do you ever think about quitting your 9-5 day job and starting your own business? The fact of the matter is that we need financial resources to start a business. Becoming a black and brown business owner maybe a little challenging but it is never hard to do. As a black and brown Americans we have very smart culture that can always come up with so many wonderful ideas. One of our challenges is trying to find business loans to get our business started or keep our businesses afloat.
Keisha Knight Pulliam
The road might not be as hard anymore because we have actress Keisha Knight Pulliam and Andrian Simone that has joined forces in a Joint Venture Investment called Fearless Funds. Fearless Funds helps black women business with start up funds. Some of the criteria for Fearless Funds are you have to be in business a year or so and making at least 100k. There is definitely some hope and help out their for small black business owners who are looking for loans and or grants.
Another great crowdfunding source Kickstarter. Kickstarter is a crowdfunding source that helps entrepreneurs fund your dreams. Kickstarter will not own your business but just take a percentage of the funds of 3.5%. You will never owe anyone with Kickerstarter because these are people just wanting you to succeed and has no interest in your company. I think we can say the same for Go FundMe but Kickstart is specifically for projects.
Flawless Formation 401k Funding
You know when I started Flawless Formation Bodysculpting an Alternative Coolsculpting called Fat Freeze. We freeze unwanted fat that is resistant to diet and exercise but, I was able to secure my 401k to finance Flawless. The money I made from Flawless I used fund my next business venture which is Qouponz.com.
Qouponz.com is a online e-commerce store in where you buy products or sell products or services as a Merchant and own your own store or a small monthly fee. You may want to start a Private or Public Group such as a Dating, Singles or First Time Mom Group these are some examples groups. We give our customers and/or Merchants great resources and tools to get your brand recognized and out in the public or to get your products selling quickly. Find out more about Qouponz.com.
Whatever financial route you decide to take. Just know it may be years before your business or brand to become profitable but always continue to pursue your dreams and passion until you make it a reality.