7 Steps for Small Business Success

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Consider strategic partnerships. Many African American entrepreneurs are often reluctant to sell equity in their businesses---preferring to own 100% of something small and retain all the control, than give away some of that control and retain a minority interest in a much larger company. "Here we are in America, we have companies from different countries merging left and right. This is the world we live in and we're not merging with anyone."

Consider strategic partnerships. Many African American entrepreneurs are often reluctant to sell equity in their…