How To Start A Business On A Budget With Nnenna Umelloh | Ep 43

How To Start A Business On A Budget With Nnenna Umelloh

In this episode, Nnenna Umelloh, founder and CEO of Black Hair Management, shares how she started her business with only $100. She talks about her journey and strategies that made it work on a small budget. 

Key Takeaways From This Episode:

  • Do not estimate the role of haircare in self-care. Environment and mental health impact your hair.

  • Customer acquisition and brand awareness take time.

  • Validation and testing the business model is important.

  • At these times, it is better to create strategies and goals not more than a quarter in advance.

  • If you don’t enjoy what you do, it’s not worth it.

  • You can have more than one thing that brings you joy.

  • Learn about your industry and be updated, so you are proactive rather than reactive.

  • When you are creating a business plan, create several versions and start with the least expensive.

  • Invest your time validating the business model and your revenue model before you scale.

  • Before you invest thousands of dollars in your business, check to see first if the fundamentals work.

Book recommendation: The Customer-funded Business by Dr. John Mullins, Ph.D.

Today’s Guest:

Nnenna Umelloh is dedicated to making Wash Day the best day of the week. She founded Black Hair Management because it took her nearly a decade to learn how to love and nurture her natural hair. At BHM, she helps women love their natural hair much faster with high-quality hair care products, a Wellness Coach, and science.

Connect and know more about Nnenna and her company  here:

Website: https://www.blackhair.management/

Facebook: https://www.facebook.com/blackhairmanagement

Instagram: https://www.instagram.com/blackhairmanagement/

LinkedIn: https://www.linkedin.com/company/blackhairmanagement/

If you’re feeling tired and overwhelmed, it is time to hire a virtual assistant! Check out

smartvirtualassistants.com and learn how you can get your life back.

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Overcoming Struggles at Different Stages in Business With Daniel Salcedo | Ep 44

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How to Create and Sell an Online Course With Simone Sumers | Ep 42