{"id":20217,"date":"2023-11-08T00:42:07","date_gmt":"2023-11-08T00:42:07","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/black-winemakers-have-advice-for-young-entrepreneurs\/"},"modified":"2023-11-08T00:42:09","modified_gmt":"2023-11-08T00:42:09","slug":"black-winemakers-have-advice-for-young-entrepreneurs","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=20217","title":{"rendered":"Black Winemakers Have Advice For Young Entrepreneurs"},"content":{"rendered":"
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Black-owned wine brands have become increasingly popular in recent years. From coast to coast there are Black vintners diversifying the wine industry. Like any entrepreneurial venture, starting a winery takes serious work. But Black winemakers don\u2019t want young entrepreneurs to get discouraged about pursuing their dreams. They say early career entrepreneurs can get help from a community of professionals in their field, whether it be through joining a professional networking organization or seeking out mentorship on LinkedIn.<\/p>\n

According to Andr\u00e9a McBride John, who co-founded McBride Sisters Wine Company alongside her sister Robin in 2005, running a business is far from easy. \u201cBeing an entrepreneur is not light work. It’s incredibly challenging and you’re going to need people that have done it before and can advise you correctly,\u201d she told me. But learning from experts isn\u2019t the only way to become a successful entrepreneur. I spoke with winemakers Andr\u00e9a McBride John and Phil Long about advice they have for young entrepreneurs.<\/p>\n

Understand The Value You Bring To Consumers<\/h2>\n

Before starting a company it\u2019s important to know the value you will bring to consumers. Do some research on your target audience. Are you offering a product or service that has never been offered before? Will your idea solve a problem or help a community? Why should executives invest in your company? These are all questions that you should know the answers to prior to meeting with potential investors. Most importantly, understand the value you bring to consumers prior to pitching your initial business plan.<\/p>\n

McBride John believes understanding the value you bring to consumers is one of the most important parts of entrepreneurship. \u201cThe first step is to understand what value you would be bringing to your consumers. That value has to be grounded in purpose,\u201d she said. \u201cIdentify the size of the niche that you want to serve. Figure out how big that is. Figure out if it’s worth your time to start a business.\u201d<\/p>\n

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Surround Yourself With Experts<\/h2>\n

Early career entrepreneurs should consider finding mentors, advisors, and experts to help them fully flesh out their initial idea into something of value to consumers. It\u2019s especially important to find experts in your field. From start-up founders to restaurant owners, there are so many different types of people who can provide advice about being an entrepreneur. Try joining a LinkedIn group for business owners and reach out to seasoned entrepreneurs like Phil Long, who founded Longevity Wines in 2008. \u201cThe more experts you surround yourself with, the shorter that learning curve is. You can’t do it on your own,\u201d he told me. \u201cYou\u2019ve got to be a sponge. Listen to the people that have done this multiple times over and learn from that,\u201d he said.<\/p>\n

McBride John agrees that it\u2019s crucial to have advisors. She believes entrepreneurs need to build community in order to thrive. \u201cSurround yourself with a community of people that have the expertise. Engrain yourself in that community because there’s going to be days where it’s so hard you don’t even know how you’re going to get through,\u2019\u2019 she told me.<\/p>\n

Make A Solid Business Plan<\/h2>\n

Creating a well thought out business plan is important for entrepreneurs of all ages. A great way to write a business plan is to have someone with experience send you a plan they used or review yours once it\u2019s done.<\/p>\n

McBride John says to \u201cmake sure you have a clear purpose\u201d and \u201cthat you’re providing a clear robust plan.\u201d She also said to \u201chave a community of other entrepreneurs that you can incubate yourself with as you’re going through each stage of your business.\u201d Long also talked about the importance of making a business plan.<\/p>\n

\u201cThis was my business plan. We\u2019re going to make five hundred cases this year then a thousand the next and fifteen hundred next,\u201d he told me. \u201cIf you don’t have a path mapped out, how do you know where you’re going? That’s so important. The more you can plot out ahead of time, the easier your path will be.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Black-owned wine brands have become increasingly popular in recent years. From coast to coast there are Black vintners diversifying the wine industry. Like any entrepreneurial venture, starting a winery takes serious work. But Black winemakers don\u2019t want young entrepreneurs to get discouraged about pursuing their dreams. They say early career entrepreneurs can get help from […]<\/p>\n","protected":false},"author":1,"featured_media":20218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[76],"tags":[],"class_list":{"0":"post-20217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leadership"},"yoast_head":"\nBlack Winemakers Have Advice For Young Entrepreneurs | Brandiary<\/title>\n<meta name=\"description\" content=\"Black-owned wine brands have become increasingly popular in recent years. 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