The Best Business Associations for Minority Small Business Owners

 

If you are hoping to succeed in any aspect of a business, never forget that relationships are everything. 

One of the best ways to build relationships in business is by joining organizations. There are several business associations that you can turn to in order to begin fostering these relationships. 

Consider the following to learn the best associations for minorities. 

1. The Small Business Association (SBA)

Without question, you need to have your foot in the door with the Small Business Association (SBA). 

This is a government agency that provides information, grants, and resources to small business owners all over the country. They also provide loan opportunities that can help you finance your business initiatives. 

Since the SBA has state and local chapters, you can link up with other minority business owners in your area to exchange notes and also participate in meetings and think tanks. 

2. Black Business Association (BBA)

You should also get to know the Black Business Association (BBA). 

This organization is all about supporting black business owners and black empowerment through entrepreneurship and financial literacy. The company is headquartered in Los Angeles and has 42 chapters all over the country. 

If you aren't in the Southern California area, make sure you check around for local chapters near you so that you can sign up and participate in upcoming meetings. 

3. The Chamber of Commerce in Your City

Never neglect the good old fashioned chamber of commerce. 

While chambers of commerce in municipalities throughout the United States aren't minority centered, they often have programs tailored for people of color. Even if not, this organization is a hotbed of information and relationships that you will want to foster throughout the years. 

They also offer classes and information that will help you learn how to become a business owner as a whole. 

4. The Minority Business Development Agency (MBDA)

Finally, be sure that you look into this agency in order to see what sort of initiatives they are promoting and supporting. 

This agency is a part of the United States Department of Commerce and has a plethora of lending opportunities intended for small business owners. Whenever you need any sort of funding for your business, it pays to know someone within the MBDA. 

In addition to funding opportunities, the organization hosts meetings, and events that can help you get out and meet like-minded people that can become allies. 

Check out These Business Associations

Checking out these business associations provides an excellent start when you are trying to take some steps with your enterprise. 

As they say, it's not only what you know, but who you know. When you learn more about the organizations and associations that matter the most, it's easier to start reaching out and to put events from these organizations on your calendar on a regular basis. 

Don't be surprised if you notice an uptick in business and find yourself coming across more relationships than you thought possible after reaching out to these organizations. 

For more info on black business ownership and minority entrepreneurship, check out the rest of our posts. 

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