Showtime at the Washington Hall

showtime at washington hall

Originally Posted 11/17/16

Yesterday I went to a pitch competition for Seattle Start up week. Billed as a blend of  amateur night at the Apoll and Shark Tank, Showtime at Washington Hall featured a happy hour, live dj, podcasters Hella Black Hella Seattle as hosts and 5 black entrepreneurs from all over the world. At a pitch competition entrepreneurs get the opportunity to describe their business and investors provide cash prizes to the best business.  It’s a great way to fund your venture and create buzz about your  upcoming projects. In addition to being a cool scene, I was inspired and learned a lot.  I am not creating some  future “unicorn”  status app, but one thing I think fashion companies lack is business knowledge. In a room with investors  you need to be able to show that you know what is going on with your business. Here are some questions I wrote down that I am going to add into my business plan:
Who is your Target Market? How big is that market?

How did you determine your pricing?

What is your exit strategy?

What is your proof of concept?

How will you reach your target market?

Where will your company be in a year?

How are you going to use the money you are asking for?

How will you build your team?

Seeing  people that look like you, making moves is always inspiring. I also got the opportunity to learn something as well. Not bad for a Wednesday night. I will attend other events for Seattle Start Up Week to connect with business people of color. What are you learning that will help you move forward with your dreams?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s