Dr. Boyce Watkins is a Black business advocate and educator who has started his own online school that focuses on teaching skills to those who wish to develop their own businesses.
He has released a video on his YouTube page that depicts a typical interaction between a Black person and their family when they announce that they are starting their own business.
The video has been received with mixed reviews when reviewing the comments posted on the YouTube page.
In my opinion, it shows how it's common for people to not do their proper homework and preparation before asking family members to invest in their business ideas. It's really insulting when you think about it. Your family member works hard to accumulate capital and assets and you ask them to depart with those funds just because you "have an idea." If you're truly serious about your idea, you'll do what it takes to have a proper business plan and presentation. Only then should you be taken seriously. If you don't know how to set up a business plan, then get help ASAP.
Yes. There is money available in the Black community for people to invest in your ideas. But only AFTER, you've done the work of getting your idea professionally packaged so that you can present it properly.
I'll let you decide what you think.
Watch the video.
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