← 10 Power Moves to Help Entrepreneurs Make Money

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By Elayne Fluker | Published February 17, 2011 | Full size is 507 × 338 pixels

Develop strategic alliances. Creating partnerships to produce much larger entities allows you to pursue bigger, more lucrative contracts that benefit both parties. Says Minority Business Development Agency National Director David Hinson: "African American businesses need to grow to size and scale. If one company is too small to be the prime contractor, that company needs to consider a joint venture relationship."

Develop strategic alliances. Creating partnerships to produce much larger entities allows you to pursue bigger,…

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