Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Michael Anderson, Founder of MPAC, located in Jersey City, NJ, USA.
What's your business, and who are your customers?
A suite of marketplaces and decentralized apps comprising a culture-driven decentralized investment bank. We create a culture and FinTech systems, coupled with law & policy moving institutional capital to black Indigenous communities, as well as SMBs, private funds, and real estate entrepreneurs, along with the thesis of impact, diversity, and innovation.
Tell us about yourself
I'm a Jersey guy that grew up rapping, community organizing, and hustling to make a way. I'm a Harvard Graduate that was a lifelong entrepreneur out of necessity. I'm motivated by my ancestors and the struggle of our people, with the opportunity to perfect the American ideals of democracy and freedom through our collective efforts.
What's your biggest accomplishment as a business owner?
Helping open the first public, private, philanthropic Minority Business Center in my state's history, in addition to compelling City, State, and Federal officials to authorize hundreds of millions of funding for Black and Brown business owners.
Being able to be a part of the long-term solution started with advising the first venture-backed companies in our community and advising the leading Black Millennial entrepreneurs in our nation's history. Starting the top Black cryptocurrency and platform.
What's one of the hardest things that come with being a business owner?
Finding the right people to trust is the hardest. Other than that, staying liquid long enough to get "lucky."
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Find your purpose. Mine is to serve and glorify my Lord. Find yours, and you'll have support when things get rough (and they inevitably will!).
- Do what matters. Even if you make millions, don't look up in 20 years, having wasted your time on meaningless things.
- Make more than you spend. Liquidity is king in the game.
Is there anything else you'd like to share?
Yeah is good! Life is good. Stay strong, motivated, and keep Yah first!
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
Turn your craft into recurring revenue with Subkit. Start your subscription offering in minutes and supercharge it with growth levers. Get early access here.