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That's the power of a Dell PC with Intel inside backed by Dell's price match guarantee. Get yours today@dell.com holiday terms and conditions apply. See dell.com for details. Today I'm going to answer the question, is business harder for people of color? Yes. The answer is unequivocally yes. And I'll break down why. But I also want to get into the question, is it a bad thing? Is a harder road to success a bad thing? I've been in the game for a very long time and as a person of color, I've seen both sides this the invisible walls, the subtle doubts, the assumptions. And I also see the pride, the hustle, the creativity that comes from not having it easy. I grew up in an immigrant family. My parents immigrated from Egypt to the US And I grew up looking different. I had a strange last name. People didn't know what I was. Am I Mexican? Am I Indian? You know, they just had no idea. And always something I had to explain to people before they can even get to know me. Even as a child this has been a, you know, a challenge as a person of color. But today I'm going to go there. I'm talking about business and is it harder for people of color to be in business and to grow and be successful in business? And yes, it is. And I'm going to prove it to you. But I'm also going to explain why I'm okay with that. I'm okay with the fact that it is harder. Let's get into it. Welcome Back to the $100 NBA Show. I'm your host Omar Zenholm where I deliver pract business lessons three times a week. Monday, Wednesday and Friday to help you start, grow and scale your business. Before we jump in, can I get 30 seconds of your time? We love guiding you on your business journey and we want to help even more people build their dream businesses and lives. So if you could hit the follow button on this podcast app, it would be greatly appreciated. It's completely free and it helps us out more than you know. Thanks. I want to start by saying that I debated if I should do this episode, but I felt compelled to because I've never talked about this topic. I really haven't shared my thoughts on this idea, but it's been a part of my life, all my life. Being a minority, being a person of color, being a person of a different culture other than being white. And I know that a lot of my listeners can resonate with that. I know that people that are not a person of color can also resonate with this and understand and kind of see both sides and they're allies in this conversation. So I want to start with that. I want to start with the fact that this is my own personal experience, but it's also the experience of millions of people that are in business. Next, let's just deal with the hard truth. Business is harder for people of color. And it's not always what you think, okay? It's not just about blatant racism, though, that exists. Okay. It's about the things that you have to overcome just to be on the same playing field as people that are not people of color. Let's start with capital. Need some capital to start a business, right? And the data is absolutely clear. This is facts, okay? This is not somebody's opinion. Venture capital loans, friends and family funding, all are disproportionately harder to get if you are not white. In the US less than 2% of venture capital goes to black founders. Less than 1% go to Latino founders. That's not a random error. That is just reality. And we all have to agree. The fact that that's just how it is. It's just harder for them to get funding. It's not just only a stat, it's a signal. And it means a slower start, more bootstrapping, longer runways to the same results as other people. Number two, fewer introductions. They say your network is your net worth. But if you're not already in the circle or have people that you know that you can count on, it takes about 10 times more effort to break through. When your last name, when your accent, when your background doesn't sound familiar to the gatekeepers or to other people that have have the ability to help you out. Those doors don't swing open fast. You need to get over all that stuff. Whether people want to admit it or not. We all make judgments based on what we see, what we hear, and whether we like it or not. Those judgments affect people's opportunities versus somebody that doesn't have to explain themselves. Where their accent's from, what their last name's all about. You know, they don't have to go through all these hurdles before even just, hey, this is what I do. Let's talk about double standards. People of color are often judged by different standards. There's less room for error. That's just how it is. There's more skepticism. There's assumption about being less experienced or less professional until you prove otherwise. I'm going to give you an example in a moment. Okay? It's that feeling that you have to over explain yourself, that you deserve success. We all deserve success, regardless of what you look like or where you're from. Okay. We shouldn't have to recite our CV every five minutes. Let me give an example. If you're not a person of color, not a minority, have you ever been asked this question? Wow, you're really articulate. Where'd you learn how to speak English like that? I got asked this question countless times in my life, even to today. Why are they asking this question? Because they see the color of my skin, they see my name and they just assume I'm uneducated, I can't speak English. They don't know that I grew up in the US they don't know that I went to university. They don't know all that stuff. Right, but they just assume I don't. I shouldn't be able to speak English properly. So that tells you that not all people. Of course I'm not talking about all people. But enough people are assuming you are starting below them, that you shouldn't be articulate. And that's why they're surprised. You ever buy something online just because the reviews were so good you couldn't resist? Recently, I was looking for a new mic setup for my studio. I found one that seemed solid, but I was still on the fence until I saw this one review. That review said it felt like I was recording in a professional sound studio. Crystal Clear Audio, fast shipping, packed like a Rolex. That one line sold me. And yeah, fast, reliable shipping, that's what seals the deal. It's also what gets people to leave those kinds of rave reviews in the first place. If you run an E Commerce business you already know shipping is make or break and that's why I always recommend shipstation. Shipstation isn't just about printing ship labels. 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