Yorbing Staff, Monday February 25, 2019
So here’s the typical advice pitches but be warned, it aint that rosy. It is difficult and expensive to operate a business or a startup on the east coast of America. Its no joke. Brick and mortar storefront is prohibitively expensive, roughly $2000 – $5000 a month. Online is about $1500 to start and get progressively more expensive with POS (payments online) system fees, monthly fees, internet fees, energy, space, advertisement on social media platforms -not free. Shipping and packaging fees, labeling, boxes, flyers and plastic mailers. The drip, drip expense adds up and still end up not selling anything. Beware.
North America operates under a monopolistic systems and it is difficult to get a profitable business up and running within months. It takes years to even sell on a platform. Its not a really free field, even though it has the appearance of it.
1. Get a catchy business name.
2. Get a Domain at Godaddy.com for your business name to pay for that name cost.
3. Apply for an EIN -employer identification number, i.e a tax ID at IRS.gov. You can only apply for one company per day if you operate two or more startups.
4. Apply for seller’s Permit (a resale permit also called a wholesale license).
5. Filing a fictitious business name (could not locate exactly what this exactly means).
6. It looks as if the state governance are more interested in getting money from you than actually helping your business to startup. As if ‘obeying’ authorizations got us where we are in the first place. These institutions like SBA and NJBusinesses are bureaucratic and set up to either delay or get your money legalistically. First succeed. make sure you are making profit or in the act for a verified potential business before setting to be legal. First, second attempts might fail so establish business first and see its viability for sustenance before taxation paperwork.
I wont open a bank account if I do not know which platform of payment I’m going to use, online payment system speaking.
Choosing a business bank to do business for Africa or towards Black populace is challenging at best. From American to west African banking is horrible. For European Americans it is a breeze because they’ve built the empires for themselves irrespective whether you complain or not, its for them. Banking across boundaries (or territories) is for them to make ends meet, not Africans or Africans in diaspora or even African Americans in north or southern Americas.
I need a bank that operates in west Africa and north America. Period.
Building a website at ?? Shopify? Instagram boutiquing? -go to Facebook Business, again, by European-Americans’ platforms. It is discouraging at best. No independence.. hmm.
7. Attend a fashion trade show: No! Its mostly Whites-only Asian-Indian-Turkish clubs. I will strongly recommend source fabrics in Africa. See south Africa fashion shows: Do you see yourself? Most of the trade-shows highlights Germans’ fashion hegemony. Dont go.
Anything but west Africa countries is abhorrent. White America promotes itself over Africans, and this we wont have it. If west Africa is a shithole, it is a shithole for a reason; consistent over-look for direct business links especially banking and trade systems. No wonder “Blacks” feel alienated. Whites can no longer be a ‘master’ but, boy, its long-lasting.
Europeans in America operate by rule and obedience to the rules. UBM trade shows include MAGIC but still lacks the American local feel.