A recent article stated that billionaire Mark Cuban recommends Black women entrepreneurs bootstrap their business launch versus seeking venture capital. (Historically Black-owned startups only receive 35 cents of every venture capital dollar.) Whether you have a cutting edge startup or simply a "better mousetrap" that you want to bring to market, don't wait to launch! Start your business now, using your own sweat equity and creative financing.
Best practices indicate you should write a business plan to capture all the pertinent details: concept, customer (acquisition) capital (generation) , capture (of market share), but if you're not seeking outside funding, we suggest less is best.
So who needs a business plan? You do, my friend. Listen now and share this episode!
