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Support minority owned business and stop expecting free services.

I personally support Mike with his company Soul4You. We put this 30 second spot together to continue the branding of his company.

WHY BLACK AMERICANS ARE STARTING BUSINESSES

Sixty-two percent of African Americans said their desire to pursue their passion motivated them to start a business. Another 53% said they were ready to be their own boss. Meanwhile, 30% said they launched a startup when the “opportunity presented itself” and 22% said they were dissatisfied with working in corporate America. Twelve percent said they launched a business after being laid off or outsourced.

THE CHALLENGES OF BLACK ENTREPRENEURSHIP
An overwhelming majority of black entrepreneurs surveyed, 80%, said lack of capital was the most challenging aspect of running a business. According to ProjectDiane, only 0.2% of all venture capital funding was allocated toward startups founded by black women in 2016, while just 34 black women business owners received more than a million dollars of funding in the last year.
As a result, many African Americans are forced to fund their own businesses. In fact, 70% of those surveyed financed their companies using cash, while 23% received funding from friends and family. Eleven percent said they tapped into their 401(k) plans to fund their businesses.