Black Businesses of MHC

Black Businesses of MHC Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Black Businesses of MHC, Business consultant, Martinsville, VA.

04/15/2021

Questions to answer before opening your business.
Problem: What is the problem you are solving and how well do you understand the issue.
Solution: The second half of the main equation. The definition of your solution would most likely change more often than the definition of your problem in the search for product-market fit. Those changes would usually be very rapid during the period of testing different ideas (solutions) in the early stages of the startup.
Key Metrics: Ideally, you will be able to find a single metric that clearly reflects if customers are finding value in your product or service. It usually is some kind of usage metric specific to your business. Don’t chase vanity metrics (social media followers, capital raised, website visitors, etc.) because they are often deceiving and have weak correlations with the success of the company.
Unique Value Proposition: What distinguishes you from the other solutions available on the market?
Unfair Advantage: Why are you in a position to be successful instead of someone else?
Channels: How would you reach your customers? Keep in mind that as a startup, you usually don’t have a lot of resources. This means that it is usually better to focus strongly on one channel rather than diffuse your efforts into multiple channels.
Customer Segments: Who is your ideal customer? Again, as a startup, it is usually better to focus. Solve the problem of one customer profile (your minimum viable segment) rather than trying to satisfy the various demands of numerous market segments in futility.
Cost Structure: Quite self-explanatory, it helps you visualize and think through the financial specificities of your business.
Revenue Streams: What’s your business model and how would you earn money? Refining this is very important to make your business sustainable and scalable. However, try to focus on this point only after you have found a problem-solution fit in practice. It doesn’t matter what your business model is if people don’t need what you are offering.

04/10/2021

Applications for the new Target Forward Founders Accelerator program is now open!
Target Forward Founders is an eight week program geared towards early stage product companies looking to learn how to scale into retail. This program will include dynamic founders and workshops that will introduce program participants to topics that are important to retail such as logistics, branding, data and more.
To create this new program, our team partnered with the Target Accelerators Entrepreneurship Council and key eco system partners to create a program that addresses key needs for black founders. We have incorporated Pernell Cezar, CEO & Co-Founder of Blk & Bold as the Strategic Advisor to guide the program creation.
There is no participation fee and no equity exchange. 30 companies will be chosen to be a part of the inaugural cohort. $5k stipend also given!
Applications are due May 12th!

03/03/2021

Black Enterprise Elevator Pitch Competition
This competition allows 4 semi-finanalists to pitch their idea to a panel of judges and a live audience, for a chance to win a $10,000 business grant! Entrants can be one person or a team. There is no limit to the number of team members allowed; however, those who pitch must have an equity stake in the business.
www.blackenterprise.com/entrepreneurssummit/elevator-pitch/

Fedex Small Business Grant Contest
Fedex allows business owners and entrepreneurs to register and submit their business story and photos. Once the application is approved and the voting period begins, they can vote for their own business once a day - and get their friends, customers, and associates to also vote everyday. The number of votes received will boost your visibility in the contest and is one factor that FedEx will consider when selecting the top 100 finalists and the winners. Grant awards range from $1,000 to $25,000.
http://smallbusinessgrant.fedex.com

Grants.gov Program Management Office
The Grants.gov program management office provides a centralized online location for grant seekers to find and apply for federal funding opportunities. The web site was established in 2002 as a part of the President's Management Agenda. It is managed by the Department of Health and Human Services, and houses information regarding more than 1,000 grant programs from 26 federal grant-making government agencies. Occasionally, they do have information about minority business grants.
www.grants.gov/web/grants/home.html
(select "Browse Categories" and then choose "Business and Commerce")

Miller Lite Tap the Future® Business Plan Competition
Miller Lite Tap the Future (formally known as the MillerCoors Urban Entrepreneur Series) is an annual competition that allows urban entrepreneurs to compete for Black business grants of up to $20,000. In addition to winning prize money, finalists have the opportunity to pitch their best ideas at exciting LIVE Pitch events in front of Daymond John from ABC’s Shark Tank and other business moguls. The competition also provides business partners more exposure through our "Fan Favorite" consumer voting contest.
www.MLtapthefuture.com

Minority Business Development Agency (MBDA) Business Grants
On an annual basis, usually during the spring and summer, the MBDA organizes various angel investors with the primary objective of supporting small businesses with minority business grants. The selection process involves mezzanine and second round financing. This is done via local minority business grant competitions held in nearly every major city through the country.
www.MBDA.gov/main/grantcompetitions (grant competitions)
www.MBDA.gov/businesscenters (minority business centers)

National Association for the Self Employed (NASE) Growth Grants
NASE helps small businesses by providing day-to-day support, including direct access to experts, benefits, and consolidated buying power that traditionally had been available only to large corporations. They also offer $5,000 business grants that can be used to finance buy computers, farm equipment, hire part-time help, and more. The grants are available to black and minority businesses, as well as to the general public.
www.nase.org/Membership/GrantsandScholarships/BusinessDevelopmentGrants.aspx

National Black MBA Association (NBMBAA) Scale-Up Pitch Challenge
This annual pitch competition designed to “Make Big Ideas Bigger” by encouraging Black MBA members to create startups that are scalable. They provide startups the unique opportunity to connect with early stage investors and venture capitalists who are ready to invest. The competition is hosted by the National Black MBA Association (NBMBAA), a non-profit, 501(c)(3) professional member-based organization which leads in the creation of educational and career opportunities for black professionals.
www.nbmbaa.org/scale-up-pitch-challenge/

National Institute of Small Business Grants (NISMB)
The National Institute of Small Business Grants produces BusinessGrants.org - a useful web site that supplies information empowering prospective and existing small business owners, enabling them to know what their financial options are. Their mission is to help as many business owners as possible to understand what business grants are, how to obtain them, and whether or not they should be used for their companies.
www.BusinessGrants.org

Small Business Innovation Research (SBIR) Grants
The SBIR Grants program is a congressionally-mandated set-aside program that aims to help small businesses stimulate technological innovation. It also fosters and encourages participation in government contracting by socially and economically disadvantaged small businesses. They issue Black business grants, minority business grants, and women business grants.
http://grants.nih.gov/grants/funding/sbir.htm

https://learnmore.scholarsapply.org/amazonBEN/
02/02/2021

https://learnmore.scholarsapply.org/amazonBEN/

At Amazon, supporting underserved students in computer science and supply chain is not only important to us–it’s imperative to building a diverse industry and future. Amazon’s Black Employee Network has established a scholarship program to assist high school seniors who plan to continue their ...

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Martinsville, VA
24112

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 12pm - 5pm

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