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Business Book Reviews Section > The Complete Startup Guide for the Black Entrepreneur

Editor's Choice: For Outstanding book on Starting a Black Business by Bill Boudreaux

This Book is Sold Out

The Complete StartUp Guide for the Black Entrepreneur
by Bill Boudreaux, MBA, CPA

Review by Kamau Austin
Publisher and Editor-in-Chief, Einfonews



The Complete Startup Guide for the Black Entrepreneur is a perfect name for the book authored by Bill Boudreaux on starting a home based or small black business. It is also a good business primer for any minority or small businessperson. Boudreaux a MBA and CPA by way of Louisiana, has written the most comprehensive book I have ever read on starting a black business. I have read a good number of books on black and minority business, which were very good however my earlier readings focused more on marketing or economics. Bill's book is much more detailed and revealing of the diverse basic skills you will have to enjoin to run a successful Black or minority business.

"4 out of 5 enterprises fail within the first 5 years"

Mr. Boudreaux is sobering about the obstacles of being in business where 4 out of 5 enterprises fail within the first 5 years, and the additional issues to overcome for black businesses like racism and skepticism. However, he is very reassuring and competent to give the directives and operatives to succeed in business. He uses the term BESt (Black Entrepreneur Startup) company throughout his book to designate what you want your company to become. Bill teaches you the basics like how to get focused, carve out a business space in your home, plan ahead and be very organized, The legal issues of choosing the type of business structure of your enterprise, putting together your business plan, management, marketing, and getting someone to help you work on your financial statements.

Learn Basic Business Book Keeping

As a matter of fact after reading his book I finally feel I understand the two basic kinds of accounting statements for small or home based businesses, the balance sheet and income statement and why - they are important. Boudreaux takes complicated accounting concepts and breaks them down so entrepreneurs outside of the field can get an understanding of the basics enough to work with an accountant. He has a section on basic business math for those of us who forgot important business equations like: "Finding the Percent of a Number; Finding What Percent One Number is to Another Number"; Calculating Simple Interest; and Everyday Business Math Problems".

Learn About Business Loan Sources and How to Get Major Contracts

He really stresses the importance of cash flow to a business and how to collect your receivables. He also does an excellent job of explaining how to prepare your business plan towards getting funding. He has an extensive list of SBA and Microloan sources in some cases state-by-state breakdowns. Furthermore, Mr. Boudreaux really shares the 411 on becoming Minority Certified to get contracts from the government and major corporations.

It should be stated for the record, when we hear about the money available for minorities from the government or corporations to businesses they are actually from contracts set aside for certified Black - minority - or disadvantaged business and not a free for all with government grants. Grants are usually for non-profits. Bill explains the real deal on grants and loans for Black and Minority businesses. He explains what needs to be filled out for SBA loans and the dynamics of being a certified minority business.

On the other hand there are grants for profit type businesses from corporate foundations but they are based on business plan competitions. Boudreaux's book will show you step-by-step how to write an effective business plan.

His section on SBA and Microloan sources are worth the modest price tag of this book in my opinion (only $15.99 and $20.49 with Shipping). Plus if you order the book from my website you will get two great bonuses. Read on to see the bonuses.

Reading this Book is Like Getting a Mini-MBA

Bill Boudreaux has a great section on Internet resources. Even an Internet netizen like me is pleased to be made aware of these useful web sites. Reading Boudreaux's book felt like getting a mini-MBA or taking a good entrepreneurial workshop with a trusted friend.

The only shortcoming of this book may be it could have had some more strategies to get a businesses running with shoestring resources. Like pre-selling techniques at trade shows where you sell to buyers with prototypes and fill orders with factor financing in some industries or advance sales.

Both of the techniques have helped me in the past. This is why we are providing the 10 Commandments of Power Positioning by Dr. Michael Fortin also, because it shares creative and affordable marketing techniques for small businesses.

However The Complete Startup Guide for the Black Entrepreneur is an excellent basic business jump-start book. I would go so far as to say "don't do a Black or Minority business without first reading this book". You can pick up a copy of the book now below with the...


Special Bonus Offer: When You
Obtain The Complete Startup Guide for the Black Entrepreneur

From Us and Get these 2 Great Bonus EBooks

You will also receive the FREE exclusive eCourse (A $27 Value)

Learn the Real Deal on How to...
Get Money to Start and Grow Your Business

"Discover How I went from a Poor Stay-at-Home Dad to
Financing a Full Time Business that Outsources Work to a Team
of 9 Virtual Professionals. Learn How I Raised Capital Even -- without Good Credit"
  • See Tactics on How to Get Money for Your Business (Lesson 1)

  • Discover the Truth About Business Grants (Lesson 2)

  • What is a Business Grant and How Do Get One? (Lesson 3)

  • What is a Faith Based Grant? (Lesson 4)

  • Should You Become a Grant Writer or Hire One (Lesson 5)

  • What is a Business Loan? (Lesson 6)

  • What are the Components of a Business Loan (Lesson 7)

  • What are the Basic Kinds of Business Loans (Lesson 8)

  • SBA Loan Programs (Lesson 9)

  • What is a Microloan (Lesson 10)

  • Establishing and Re-establishing your Credit with Microloans (Lesson 11)

  • Financing Your Business and Minority Business Certification (Lesson 12)

  • Franchise Financing (Lesson 13)

  • Raising Money through Internet Marketing and eBay (Lesson 14)

  • Plus Many other Creative Ways to Get Cash for Your Business (Lessons 15 - 21)

  • This is a FREE Test Bonus Extended for Black History Month -- Order Now

You will receive this bonus once you email me your Pay Pal confirmation.


 

You will Also Receive the Outstanding Marketing eBook
The 10 Commandments of Power Positioning by
Dr. Michael Fortin Ph.D. FREE (a $37 Value)

This is the Insight eBook on Using Creative Marketing Techniques to
Promote Your Business -- It is a marketing classic!

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  1. The Complete Startup Guide For The Black Entrepreneur

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What could be fairer than this?

If after you read and apply some of the secrets and insights shared with you in this book, and aren't completely satisfied with it -- you can return it at any time for a full refund.

If your are not completely satisfied with the level of instruction and support, ask for a refund and I will cut you a check, No questions asked.

Remember we want you to actually apply the secrets and strategies. If you aren't serious about applying what you learn in this book -- save your money.

However if you are truly serious about learning and applying secrets and strategies to jump-start your sales order below:

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Book is Now Sold Out


 

 


Feature Fortune Magazine Small Business 9/06

Business Book Reviews Section > The Complete Startup Guide for the Black Entrepreneur

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