Black Entrepreneurs Assessment

How the BEA program helps Black youth

The Black Entrepreneurs Assessment ( BEA ) is the first segment of Black youth connect’s developing business incubator. This assessment program can help individuals to not understand their strengths and capabilities, but can also provide useful guidance for creating a business plan and finding additional resources.

The BEA program helps Black youth answer fundamental questions such as:

  • Is entrepreneurship and business ownership right for me?
  • What types of business is best suited for me?
  • Should I form a corporation, LLC, or sole proprietorship?
  • How do develop a prototype?
  • What expenses should I expect in launching my business?
  • What roles do I need to fill for my business idea to succeed?
  • How should I market my business?

What We Do

 

  1. Identifying Strengths and Opportunities: The BEA helps entrepreneurs assess their strengths and identify areas of opportunity within their businesses. It may highlight unique selling points, competitive advantages, and untapped potential.

  2. Pinpointing Weaknesses and Challenges: The assessment also sheds light on potential weaknesses or challenges faced by the entrepreneurs. By recognizing these areas, business owners can work on improving and finding solutions to overcome obstacles.

  3. Personalized Recommendations: Based on the assessment results, entrepreneurs receive personalized recommendations and actionable insights. These recommendations may include strategies for growth, marketing, financial management, and operational improvements.

  4. Access to Resources: The BEA may provide information about resources, programs, and initiatives specifically tailored for black entrepreneurs. This could include access to funding, mentorship programs, networking opportunities, and government support initiatives.

  5. Business Development Support: For those in the early stages of entrepreneurship, the BEA can offer guidance on developing a solid business plan, understanding target markets, and refining their value proposition.

  6. Networking Opportunities: The BEA may connect entrepreneurs with a community of other black business owners, creating networking opportunities to share experiences, best practices, and collaborate on various projects.

  7. Financial Insights: By assessing financial aspects, the BEA can help entrepreneurs gain a better understanding of their cash flow, profitability, and financial stability. This knowledge is essential for making informed decisions and ensuring the long-term sustainability of the business.

  8. Cultivating Confidence: Going through the BEA process can help instill confidence in entrepreneurs. By recognizing their strengths and receiving guidance, entrepreneurs may feel more empowered to take calculated risks and pursue growth opportunities.

  9. Skill Enhancement: The assessment may identify areas where entrepreneurs can benefit from additional skill development. This could lead to opportunities for training, workshops, or online courses to enhance their expertise.

  10. Promoting Diversity and Inclusivity: The BEA supports the broader goal of promoting diversity and inclusivity in the business world. By focusing on the specific needs of black entrepreneurs, it helps create a more equitable and supportive entrepreneurial ecosystem.

Black Youth Business Accelerator

This 10-week virtual course gives Black youth 25 and under the opportunity to incubate and accelerate their entrepreneurial potential.

College Prep

Mentors connect with youth in grades 8 and 9, helping future entrepreneurs prepare for college with tips for successful applications and more.

Entrepreneurial Program

We offer accessible blended model educational programs focused on entrepreneurial skill-building, tools,and networking to support youth as they embark on the entrepreneurial path.