5 Key Strategies For Building Wealth As A Black Tech Newbie Or Entrepreneur.

Every business has two major purposes.

And every entrepreneur goes into business because of these purposes.

The first purpose is to serve an audience, provide solutions to their problems and make a positive impact in the lives of people.

Secondly, a business is built to make profit and for the entrepreneur to build wealth.

We will all agree the second one is the most paramount one.

Well, for me, these are the reasons I went into being an entrepreneur.

When I started my business years back, It was just me alone.

I hadn't any form of guidance.

I had no access to information or trainings that would aid my business growth.

I didn't have anyone to ride on their shoulders.

I started out doing the wrong things and getting a lot of things wrong.

This cost me time, energy, and resources which I wasted, misused and lost because I hadn't access to information or guidance.

But I wanted to build wealth as a black entrepreneur.

Within the first year, I was just floating.

There were things I needed to do, but I didn't know because I hadn't any access to information.

If you're a black entrepreneur and you want to build wealth from your business, especially in the tech field, then there are certain things you must do.

Not doing these things means you're not ready to build wealth even while proffering solution to the problems of your customers.

If you've been struggling to build wealth as a black entrepreneur in the tech industry, then this newsletter is for you.

Today's newsletter will provide you with 5 strategies you can use and implement to build wealth as a tech professional or a newbie in the field.

Sit tight and ride on. ????

Building wealth as a black entrepreneur, especially if you're in the tech industry, requires you to have some strategies you can follow.

Below are some of my recommended strategies you can implement.

?? Develop your skill:

Your current level of skill might not be enough to earn you more naira or dollar.

Therefore, you must endeavor to develop your skill.

Continuous learning is crucial in tech.

You have to invest in courses, certifications, and/or attending industry conferences to enhance your skills and increase your earning potential.

These investments can open doors to higher paying positions or freelance opportunities.

?? Leverage Start-ups Funding and accelerator programs:

Attending industry conferences to enhance your skills is very important.

Conferences held to help start-ups are very important.

Accelerators programs tailored towards educating tech newbies should be one of the events you should attend.

Programs such as the Black Innovation in STEM (BIS) Summit organized by Nobellum are some of such events.

The Black Innovation in STEM (BIS) Summit is a program where tech professionals, enthusiasts and newbies meet investors one on one.

It offers you the opportunity to pitch your business, secure funding opportunities, collaborate with foreign investors and other tech experts.

You also get to participate in a raffle draw and win a 12-month access to paid LinkedIn premium and I am sure you know what this access can do to your business.

Mouth-watering opportunities, right? I know.

Hurry and click HERE to register for the BIS Summit for FREE.

?? Seek Mentorship:

Trying to learn every single thing from the beginning on your own would be really time consuming and cost effective.

When you seek mentorship, you shorten your growth journey.

Therefore, you have to connect with established Black professionals in tech.

These professionals and mentors can offer invaluable guidance on career advancement, salary negotiation tactics, and wealth-building strategies tailored to your peculiar situation.

?? Strategic Networking:

Again, we cannot overemphasize the importance of networking and where it has to do with your personal and professional advancement.

You have to build a strong network within the tech community.

This can be done by attending industry events, join online forums and connect with other Black tech professionals.

These connections can lead to new career opportunities.

It can also provide you with valuable financial advice from peers who understand the unique challenges faced by Black professionals in tech.

So, if you're thinking of building wealth as a Black entrepreneur in the tech industry, make strategic networking a priority.

Remember, your network determines your net worth.

?? Seek Financial Literacy:

You know the popular saying that says "knowledge is power".

This is very true.

As a tech professional or newbie seeking to build wealth in your industry, you have to educate yourself on personal finance, investing strategies and wealth management.

You can find numerous online resources, books, or workshops dedicated to financial literacy for Black professionals.

You also seek the expertise of a financial coach to guide you through your journey to financial independence, freedom and stability.

And that's a wrap!

Building wealth as a Black entrepreneur in the tech industry requires a strategic approach that combines skill development, funding opportunities, mentorship, strategic networking, and financial literacy.

By continuously enhancing your skills, attending programs like the Black Innovation in STEM (BIS) Summit , seeking guidance from established professionals, cultivating a strong network, and educating yourself on personal finance and investing, you can pave the way for financial success and independence.

Remember, the journey to building wealth in the tech industry may have its challenges, but by staying focused, persistent, and committed to implementing these strategies, you can overcome obstacles and achieve your goals.

Always believe in your abilities, stay dedicated to your craft, and never stop seeking opportunities for growth and advancement. Your path to wealth creation is within reach – seize it with determination and unwavering passion.

I recently shared my experience on how I started my own tech journey in the marketing space alongside Canadian experts like Melisa Ellis & Claudette Hutchinson, CPTD, CTDP, ACCP/CAID .

You can click HERE to watch the replay.

Do you know any strategy one can use to build wealth in the tech industry?

Share with us in the comment section.

I release my newsletter once every week. Kindly click the subscribe button to receive updates on future editions of my intriguing newsletter. ??

Cheers to an amazing weekend! ??

Regards.

Peter.