Q: Why register on the Minority Business Directory Online?
A: There are millions of places online where you can become a member, but, until now, there hasn’t been one place that combines a directory with Chamber business training. The Chamber Coalition Minority Business Resource Directory (MBRD) maintains a database of all certified and noncertified Minority Business Enterprises operating within the state. You can search that database to find businesses that interest you, searching by the products and/or services the company offers, or by their geographic location within the state. To register your business in our MBRD, click here.
Q: How Can I Start a Minority Business?
A. Starting any new business can be a scary venture, but government agencies are available to assist you with everything from creating a business plan, to obtaining financing for your minority business. According to the Small Business Administration (SBA), nearly every state has a Minority Business Development Center (MBDC) that can assist entrepreneurs and business owners in their local communities to start, grow and manage their businesses, leading them down the highway of successful business ownership. For assistance starting your business, register for the Chamber’s Small Business Boot Camp Series.
Q: How Can You Build a Business as a Minor?
1. Decide what kind of business you want to build. Be creative in doing this by thinking about skills or resources that you already have. The most unlikely ideas can turn into small businesses. As a minor, you have the flexibility of time to safely decide what type of business you want to build as you develop your ideas.
2. Choose a business idea and then begin the start-up process. After choosing what you want your business to be, figure out what things you need in order to start it up. For example, you may need flyers and business cards for advertising or perhaps a permit. Depending on where you live, there may be restrictions on your business pursuit.
3. Develop a marketing plan for your new business idea. As a minor, you may not be able to take out a classified ad in the newspaper, but you can place flyers on car windows and tape flyers onto the outside of house or apartment doors. Be creative in marketing, since there are very few legal ways in which minors can solicit business.
4. Open up a bank account with your parents acting as co-signors on the account. Minors are generally not allowed to open up a bank account unless they have a parent's co-signature.
5. Find customers for your new business through word-of-mouth referrals. Ask your parents, neighbors and friends to tell everyone about your new business.
To register for our Small Business Boot Camp for Youth, click here.
Q: How Do I Become a Minority Business?
A: To become a minority business is very easy. You pretty much have to be a member of a minority group. You can also try buying shares of a minority-owned business.
To register your business in our MBRD, click here.