Podcasts · The Inspire Podcast
S3 E6 - One Entrepreneur's Secrets to Succeeding -- Regardless of Skin Colour with Andrew Bromfield
· 38 min
Episode S3 E6 - One Entrepreneur's Secrets to Succeeding -- Regardless of Skin Colour with Andrew Bromfield
Entrepreneurship is hard. Leaving a stable career to start a firm with uncertain prospects, winning customers, hiring staff, gaining access to capital... the challenges are many for those who aspire to build their own businesses. And if you're a Black entrepreneur you face the additional barriers of unconscious bias, inequity or even racism.
In this episode tech entrepreneur Andrew Bromfield joins the pod to share his story of leaving a predictable career to create his own business. He also explores how he deals with the additional obstacles faced by Black entrepreneurs, why some well-intentioned government efforts to help aren't helpful at all, and how he gives back to the next generation. Andrew provides guidance to anyone who wants to be an ally to Black, and the broader group of BIPOC business owners.
Timestamps: 00:55 Introducing Andrew and Formative 01:39 Introducing 100 Strong and LinkedIn post Andrew wrote 02:21 Government loan program for Blacks 03:06 Don't need "charity" 04:08 The Entrepreneurial voice 05:08 His story 05:18 Came from entrepreneurial family -- lots of support and confidence 05:56 Entrepreneurial parents 09:11 Price Waterhouse Coopers 10:26 Systemic biases that black people face? 10:56 Educational Streaming 13:23 Advocate for yourself 17:17 Visible representation importance 18:54 Leaving PWC and starting new firm 19:39 Build a foundation 20:28 Startup challenges 21:37 Lessons for new entrepreneurs 22:08 Growth mindset and understanding things change 22:47 Mistakes WILL happen -- accept and learn 22:56 Resilience 23:26 "This is earth, not heaven" 23:47 Do you face racism in Canada today? 24:09 Not for him 24:19 Mindset is key to handling prejudice 25:11 Opening bell for the nasdaq 27:36 You don't make those introductions if you have a problem with race... 28:02 How you perceive things 29:56 Allyship 30:19 Consider a wider range of vendors when putting out a bid 33:32 How to find out more about 100 strong 35:53 Thank yous
Links to Formative Innovations Inc. Company: www.formative.ca Foundation: www.100strong.ca
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