C07 - Cincinnati USA Minority Business Accelerator (Video 2 of 2)
Q.1
Tom Fernandez, CEO SFA Architects, discussed what his family learned when they started their own business. What did they learn?
That starting a business requires a substantial amount of capital
That your education is the most important asset you have, no one can take it away
There are not very many resources for minority startup companies in southwest Ohio
Office space for minorities is very limited in southwest Ohio
Q.2
What advice does Mr. Fernandez have for young entrepreneurs?
Think about how you will distinguish your company from the rest, make a difference
Never give up
Start with substantial capital
Work hard
Q.3
What was Tennel Bryant’s, CEO Aunty’s Homemade Food, motivation for starting his own business?
He was very passionate about cooking
He wanted to make a difference in his community
He wanted to make a lot of money
He wanted to learn how to run a business
Q.4
How did Mr. Bryant finance his startup business?
A bank loan
Small business administration loan
Personal credit cards
Angel funding
Q.5
What was the biggest surprise for Mr. Bryant?
How much startup capital was needed at the beginning
There is only one other minority owned business in southwest Ohio
How easy it is to start your own business
If you need something, you just have to ask