Category: Black Organization

Crowdfunding and the Talented Tenth

Introduction 

I was working on a creating a spreadsheet of black professional organizations that would be my target for a political crowdfunding campaign that is a collaboration between Lynn P and her crowdfunding portals and WeCycl, Inc my crowdfunding and digital marketing company. I was entering data when I was hit with an epiphany. Black professional organizations leading the charge to economic and political empowerment not only through education, but through crowdinvesting.

The Talented Tenth

“The talented tenth” a concept espoused by Dr. W.E.B. Du Bois  to describe the likelihood of one in ten black people becoming leaders of our race in the world, through methods such as continuing their education, writing books, or becoming directly involved in social change. Crowdinvesting provides another avenue for African-American leaders to empower the community through politics and economics. Crowdinvesting provides an element of both social engagement and capital aggregation for the community using social media and the platform.

Black Professionals as Investors

As I input the data of the immense number of Black professional organizations the thought came to me that for the price of a single cup of coffee per month these organizations have the ability, through crowdfunding, to raise $5 million monthly to finance the incredible work these organizations are doing. When put into proper context is, a single cup of coffee a month a large sacrifice, when we observe the many sacrifices our ancestors made for us to be able to access an education or the right to vote?   

Due to the strict levels of segregation and discrimination in the United States black professionals were forced to create their own associations. Today these associations of black professionals may just be the segmented crowds needed to bring crowdinvesting to African-American communities as a political and economic empowerment tool. The crowds are already formed now it is all about the messaging that will be able to engage and excite these crowds to constructive action.  

Conclusion

If we raised $5 per month from 1 million black professionals to support their organizations on a rotating basis that would be $5 million monthly that would support the black professional organizations and help them prosper and carry out their missions. As these groups became more and more familiar with crowdfunding they would be able to move to Buy The Block and begin the process of crowdinvesting.

If these same 1 million Black professionals invested $100 the minimum for an investment on Buy the Block monthly through a dollar cost averaging process that would be $100 million monthly invested in real estate development and  entrepreneurship in inner-cities with a estimated 10 percent return on investment we would achieve economic empowerment, increased real estate development, accelerated entrepreneurship and job creation.

Join The Movement

 

BLACK FEMALE ENTREPRENEUR IS FIGHTING GENTRIFICATION USING CROWD INVESTING AND SHOWING BLACK PEOPLE HOW TO DO THE SAME-ONE BLOCK AT A TIME

Lynn P. President/Founder of Buy The Block

Introduction

When you walk into the stores at a strip mall or the local community commercial corridor to purchase your retail needs, have you ever wondered who owns the building that houses all of those retail establishments? The massive apartment complexes that adorned the inner-city skyline and house so many residents in very compact areas where the economic density is immense and truly illustrates the meaning of urban living. Who owns these massive structures that generate tremendous amounts of revenue by merely being present in the community? JOIN THE MOVEMENT! 

For more information or to pledge go to https://buybacktheblock.com/

Commercial Real Estate

The Commercial real estate industry consist of property that is used solely for business purposes and that are leased out to provide a workspace rather than a living space. Ranging from a single gas station to a huge shopping center, commercial real estate includes retailers of all kinds, office space, hotels, strip malls, restaurants and convenience stores, and the size of the United States commercial real estate market is in dollars is around $6.6 trillion according to worth of commercial real estate in the United States according to Statista.

Commercial Real Estate By The Numbers

  • Retail includes indoor shopping malls, outdoor strip malls, and big-box retailers. It also includes grocery stores and restaurants. Its value is around $2.1 trillion, or 36 percent of the total value of the commercial real estate. It consists of at least 9.5 billion square feet of shopping center space.
  • Hotels include motels, luxury resorts, and business hotels. There are roughly 4.4 million hotel rooms worth $1.92 trillion.
  • Office buildings include everything from Manhattan skyscrapers to your lawyer’s office. There are roughly 4 billion square feet of office space, worth around $1.7 trillion, or 29 percent of the total.
  • Apartment buildings are also part of the commercial real estate. That’s because companies own them only to turn a profit. There are around 33 million square feet of apartment rental space, worth about $1.44 trillion.
  • Industrial property is used to manufacture, distribute or warehouse a product. It’s not always considered commercial, especially in land use plans and in zoning. There are 13 billion square feet of industrial property worth around $240 billion.

Commercial Real Estate is White Males Dominate

According to a report from the Commercial Real Estate Development Association, a national organization founded almost 50 years ago, and that has more than 18,000 members, used Equal Employment Opportunity Commission data and found that more than three-quarters of senior commercial real estate executive positions nationwide were held by white men. Hispanic, Asian, black and other women — own less than 1 percent of the CRE senior executive jobs nationwide, according to the report. During more in-depth research I came across this 2014 article by Duke Long 10 Reasons You Will Never Become a Commercial Real Estate Broker, and two of his reasons that stood out to me was point number 4 You are not a (White) man.  This article stands in stark contrast to the reality of Buy The Block!

Who Is Lynn P

Lynn is a serial entrepreneur that founded my first company at 28, with the help of family and friends. In 2010, she established BBE to pay it forward by providing education and funding for businesses. With Buy the Block, she has created the first Black-owned real estate crowd investing platform enabling the Black community to pool immense $1.3 Trillion in purchasing power to come together to make real estate and business development investments.  

Buy The Block

Serial Entrepreneur Lynn P founded Buy the Block in a toolshed in Cincinnati in 2013. The company allowed her to couple her two passions, real estate investing and teaching others the art and science of real estate investment,  into a seamless online crowd investing experience for the Black community. Buy the Block has solved two of the major issues of the Black community.

The first is access to capital for businesses and real estate development and the second is an investment platform with a low barrier to entry to facilitate the building of community equity and Black wealth at the same time. Buy The Block now serves investors and developers all over the US and is thrilled to be a part of the global crowd investing and alternative finance industry.By bringing investors together with entrepreneurs, we are not just building stronger communities; we are building wealthier districts. In that wealth lies the only real independence.

Buy The Block’s First Commercial Development

Lynn P is spearheading her next foray into the commercial real estate with a MAJOR move with Buy Back The Block movement, which will consist of over 1000 individuals raising over $1 million to Buy The Block. As a result, the facility will become 100% owned by the community members who support it. Construction will begin in April 2018, with a $600 thousand renovation that includes 11 retail spaces, office space and apartments. The development plans to reopen in June 2019 as a retail building for the Dayton, Oh community. 

Commercial Real Estate Development Project

Buy Back The Block and Stop Gentrification

The vision we all share at Buy Back The Block is to change investing from confusing and frustrating, to an accessible and enjoyable social experience. This is not what is currently obtainable, and as such we want to create a new generation of connected investors who feel informed, empowered, and confident.

We believe the current options aren’t meeting the expectations of the next generation. We are developing an accessible, collaborative, friendly and fun investing environment for both new and experienced investors. Our efforts provide a seamless and secure solution that empowers people to spend together in a way that has never happened till now.

Conclusion

Before converting this next commercial building project into it to a retail building, the 87-year-old building is sitting empty. Once this door of opportunity opens up, it will allow those of us who are conscious about legacy and generational wealth to say, ‘What are we going to do differently?’ Buying Commercial Properties is next phase in the exciting journey.Your contribution will help us complete the purchase of this property, rehab and host the block party. Also, it will help you buy a piece of your first block! Incredible to hear, but true. Join the Movement to Buy Back the Block at BuyBackTheBlock.  JOIN THE MOVEMENT! 

For more information or to pledge go to https://buybacktheblock.com/.


Posted on December 18, 2017 By Staff With 0 comments

These Two Black Entrepreneurs Are Fighting Gentrification — One House at a Time!

Andrew Colom and David Alade, founders of Century Partners

What does a real estate developer in Mississippi and a banker in New York City have in common? On the surface, nothing, but inside, both are gentrification fighters, having a burning desire to revitalize neighborhoods in Detroit, one house at a time.

How they got started

Two friends, Andrew Colom, 33, and David Alade, 29, left their jobs and together started a company called Century Partners. Both partners had previously thought deeply about inequities in the world and came to the conclusion that something needed to be done. While Alade initially was turned off about the idea of investing in Detroit revitalization, Colom visited Detroit and saw potential. He convinced his partner to join him.

Now the two black entrepreneurs are working hard to bring Detroit back. Their company buys abandoned homes in Detroit’s historic district and works with other African Americans in the neighborhood to invest in the rehab.

It’s a win/win situation because neighborhoods are getting revitalized which brings back value, and investors make money from their investment through rent paid after the rehab or by selling their homes back to Century Partners for cash.

More than revitalization

The goal of these two motivated entrepreneurs goes beyond gentrification. They want to see vibrant neighborhoods again with increasing values, but they also desire to create diverse neighborhoods. Building wealth in neighborhoods, one house at a time, is their approach.

Alade said they are “looking forward to seeing how it looks on the other side when home values go up and neighborhoods are vibrant again and abandonment is gone.”

For more details about their company, Century Partners, visit www.centurypartners.org

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Posted on February 1, 2017 By Staff With 0 comments

Top 10 Black Business Expos Across the Country — And Minority Business Expos Too!

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Business expos are conventions or trade shows that provide local small businesses an opportunity to showcase their products and services. For many Black and minority-owned businesses, these events are very critical for them to network and find new customers.

Here are the top 10 Black and minority business expos across the country:

#1 – Southern California Black Business Expo: An advertising information and marketing resource that focuses on helping promote and increase the sales of black businesses to black consumers in southern California.

#2 – Indiana Black Expo Business Conference: founded in 1970 to support the accomplishments and achievements of African Americans throughout the state of Indiana. The highlight of the organization is the annual Indiana Black Expo Business Conference.

#3 – Memphis Black Expo Cultural Festival & Black Business Showcase: established in 1999 to provide an annual 5-day cultural celebration where local and national business owners can gather to showcase their products and services to consumers.

#4 – Madison Black Business Expo: supports black-owned businesses, clubs, organizations, and service providers throughout Madison, Wisconsin, by an annual community event that creates space for networking among black business owners.

#5 – Jackson Black Business Expo: provides a working network between the community and black-owned businesses in the Jackson, Mississippi, metro area.

#6 – Lexington Minority Business Expo: established in 2002 to help build business opportunities for black-owned businesses in the Lexington, Kentucky area.

#7 – Virginia Minority Business Expo: an annual trade show for Richmond, Virginia black-owned businesses that provides a central location for minority-owned businesses to showcase their product, services or innovations.

#8 – Boston Minority Business Expo: provides an annual forum for minority business owners to meet and exchange ideas as well as increase their business by networking with customers and other small businesses in the Boston area.

#9 – WRMSDC Minority Business Expo: the largest and longest running minority business expo in Northern California. The annual expo connects suppliers, buyers, and corporate representatives from across the states of California, Nevada, and beyond.

#10 – Triad Minority Business Expo: services minority-owned businesses across Winston-Salem, North Carolina, and the Southeast Region of the United States.

BONUS:  New York Black Expo@NYCBlackExpo

Black Expo America presents the 2017 New York Black Expo (place TBA) in 2017. Email info@newyorkblackexpo.com for more info. New York City  newyorkblackexpo.com  Joined November 2011

 

SUBMIT LISTING

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Posted on August 11, 2016 By Staff With 0 comments

Haiti becomes part of the African Union

haiti

Haitian Ambassador to South Africa, Jacques Junior Baril says Haiti finally being part of the African Union (AU) is a place that the country earned as they paved way to other African countries to be free today.

The Caribbean state of Haiti will officially become a member of the AU come the next AU Summit which will take place next month in Lilongwe, Malawi.

Former African Union chairman, Jean Ping said: “We have attachment and links to that country. The first black Republic…that carried high the flame of liberation an freedom for black people and has paid a heavy price for so doing.

In 2012, Haiti indicated its interest to move from its observer status to member status. It will be the first time any nation with no geographic connection to the continent of Africa to join the AU.

eventTAKE YOUR BUSINESS TO HAITI WITH THE FILM BLACK FRIDAY

Join an amazing tour and see what opportunities are available to you outside of the United States. BBE and The Film Black Friday Director Ric Mathis will help you discover the opportunities that are just waiting for you. The tour will start from July 28 to July 31, 2016. The team will be filming on Haiti and interviewing participants and choosing the ones…

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Take Your Business To Haiti with The Film Black Friday

Posted on May 10, 2016 By Staff With 10 comments

The Presence of Black Businesses in the Community Helps to Reduce Local Crime Rates

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An increase in Black-owned businesses in any local area will result in a decrease of crime, according to Karen Parker, professor of sociology and criminal justice at the University of Delaware.

Parker is also the author of the 2013 study, The African American Entrepreneur – Crime Drop Relationship: Growing African American Business Ownership and Declining Youth Violence, and she says that when we address unemployment, poverty and joblessness in urban areas, we are also addressing the crime rate.

Is she right?

It seems so because according to the finding in her study, since 2001, Black-owned businesses have increased by 60 percent (from 1.1 million businesses to 1.9 million), and the crime rate in those areas that have high volumes of Black businesses has decreased by 29 percent. Why?

Researchers point to three primary reasons for the cause-and-affect discovery.

  • Black-owned business owners serve mentors and positive role models for black youth in particular
  • Black-owned businesses raise morale throughout their communities
  • Black-owned businesses create more local jobs and economic opportunities for African Americans that reverse poverty

Influence is more than economic

Like other business owners, black business owners are very much involved in their communities through business and social organizations, churches and schools. They support the black community by hiring black employees, bringing jobs and infusing more money into their communities.

But it is more than that! Black-owned businesses are a powerful influence to youth and others. They demonstrate that, if they can do it in spite of huge obstacles, others can do it, too. They bring not only economic advantages, but hope.

http://blog.blackbusiness.org/2015/05/black-businesses-community-help-reduce-local-crime-rates.html#.Vx9WWtIrK2w

 

 

Posted on April 26, 2016 By Staff With 0 comments

6 Amazing Black Tech Organizations That Are Making a Difference for Young People!

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It is no secret that there is a severe shortage of blacks in Silicon Valley. Although more and more minorities are graduating from college with degrees in computer science and computer engineering, many are not getting hired — even though they qualify.

Here are 6 black technology companies that support high-tech job opportunities for black youth:

#1 – Black Girls Code: this non-profit organization established in 2011 offers workshops and after-school programs to young girls of color with the goal to grow the number of black girls seeking careers in technology. The organization teaches young girls in underrepresented communities skills such as computer coding and programming languages.

#2 – New Me, Inc: this company was started in 2011 by Angela Benton, technology expert and entrepreneur. The company teaches entrepreneurs, particularly women and minorities, to identify and use their non-traditional backgrounds to create thriving businesses.

#3 – Teens Exploring Technology: this organization helps young men of color from low-income communities to learn skills that will turn them into technology leaders. The organization was established in 2010 and their programs are open to young men of color from grades 7 to 11.

#4 – NSBE, Jr: this organization helps young black students envision themselves in STEM careers (science, technology, engineering, mathematics) by providing students in grades 6–12 with fun, educational STEM activities and events. They also offer NSBE and corporate-sponsored scholarships to students entering college to major in STEM fields.

#5 – All Star Code: this non-profit organization prepares young men of color for careers in technology fields. Their programs provide mentorship, exposure to the technology industry, and intensive training in computer science. The program is located in New York City and is FREE for all accepted students and includes daily transportation and lunch.

#6 – Yes We Code: the goal of this organization is to help urban youth create promising futures in technology. The Oakland, California organization’s goal is to make 100,000 young black men to be the best computer coders in the world. The program focuses on giving technology skills to low-income youth.

 

http://blog.blackbusiness.org/2016/04/6-black-tech-organizations-for-young-people.html#more

Posted on April 15, 2016 By Staff With 0 comments

100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

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100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

Jermaine Dupri and Killer Mike kicked off Black History Month by joining Usher and the Influencer Coalition family at Atlanta’s only Black-owned financial institution, Citizens Trust Bank. We decided to create a list of 100 businesses you too can support all year round.

A statement from Usher,  “Empowerment starts with ownership. We’re here supporting Citizens Trust Bank as a Black bank, but it also stands for the support of all the Black businesses that they support. It’s all about supporting our own,” Usher explained.

Let us take it a few steps further, by supporting as many black businesses we can find all year round. Also, remember to join our #2millionjobs campaign by supporting local or online black businesses #eachandeveryfriday. 

Visit or  2millionjobs.com for more details. 

Here is your list of 100 Black-Owned Businesses to support – LET GO! 

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BLACK OWNED BUSINESSES RUN BY CHILDREN 

#1 – Lemonade from Bee Sweet Lemonade – Today, the award-winning BeeSweet Lemonade is buzzing off the shelves of Whole Foods Market, the world’s leader in natural and organic foods, and available at a growing number of restaurants, food trailers and natural food delivery companies.

#2 – Bow ties at Mo’s Bows – Mo’s Bows is a company I started in Memphis, TN in 2011 when I was just 9 years old. I couldn’t find fun and cool bow ties, so one day I decided to use my Granny’s scrap fabric to make and sell my own. I like to wear bow ties because they make me look good and feel good. Designing a colorful bow tie is just part of my vision to make the world a fun and happier place. -Moziah

#3-  Clothing and accessories at Maya’s Ideas – I’m a 15 year old philanthropist, environmental activist, entrepreneur, eco-designer, inspirational speaker, artist, animator, coder, (I make animated short films), illustrator, and writer. I am the CEO of Maya’s Ideas, a company I started in 2008 when I was just 8 years old. I create eco-friendly clothing and accessories. My designs are sold all over the world and I have customers in Denmark, Italy, Australia and more. I love to use my creativity to give back. 10-20% of my profits go to causes local and global charities and environmental organizations.

#4 – Cookies from Mr. Cory’s Cookies – Cory has always had a dream of making the world better for everyone he knows.  That passion, combined with a love of treats and an entrepreneurial spirit, led Mr. Cory to be the owner of Mr. Cory’s Cookies at just 9 years old.  His delectable cookies are all-natural and made from high-quality ingredients – not wacky ingredients with names that you can’t pronounce. In 2009, Mr. Cory told his mother he was tired of taking the bus to school and he wanted to buy his mom a car. He crafted the idea to sell hot cocoa to raise the funds. Mr. Cory put all his spare time into selling hot cocoa at the Roman Inn in Englewood, NJ, and later in front of his home.

#5 – Gourmet popcorn from E & C Popcorn Shop – E & C Popcorn, aka Ethan and Collier Popcorn Company, is an Atlanta based online retailer of homemade “gluten-free”gourmet specialty Caramel popcorn. As a way to reward their two young sons for having a productive day at school and to teach them about business and entrepreneurship, Monique and Ben Evans along with their sons, Ethan and Collier started E & C Popcorn Company, and this families love of popcorn was born

BLACK OWNED RESTAURANTS IN MIAMI- DADE COUNTY

# 6 – Bahamian Connection Restaurant  – Bahamian Connection Restaurant was established in 1978 by Arlington Ingraham better known as Big Links from Tarpun Bay Eluthera and Bain Town, and West Street Nassau Bahamas. Bahamian Connection Restaurant is a family owned business operated by Andy, Philip, Richard and “Mike” Ingraham of Fort Lauderdale Florida
4400 NW 2nd Ave., Miami, FL 33127
Contact: 305-576-6999

#7 – Jamrock Cuisine – Bridging Jamaican eats with Chinese delicacies, this former Jamaican grocery store dishes out the best of both Caribbean and Asian worlds. The bright and casual dining room with homey furnishings and framed island prints is as cozy as the menu is exotic. Jamaican patties with coco bread, curried goat and brown stew fish please islander palates, while Chinese Jamaican dishes include pork with ham choy and chicken dun goo with mushrooms. Patrons who want to treat Chinese Jamaican cuisine as more than just a spectator sport can purchase some of the imported staples and seasonings from the family-owned marketplace.
12618 SW 88th St., Miami, FL 33186
Contact: 305-598-7625

#8- Aunt I’s Jamaican Restaurant – Aunt I’s is not only the name of the restaurant but the nick name of a real person, Inez Grant. The vision was born out of a mother’s exceptional Jamaican country-style cooking ability, a love for people and a heart for service. Inez had a yearning to open a restaurant ever since she moved to Florida from Kingston, Jamaica.
19934 NW 2nd Ave., Miami, FL 33169
Contact: 305-654-9638

#9 – Sheri Restaurant – Sheri African Restaurant is a concept that transports Nigerian home cooking to America. Southern Nigerian cuisine is a combination of traditional foods (gluten, lactose and dessert free diet) and colonial foods (sweet and savory pastries) influences. At Sheri Restaurant they specialize in authentic traditional cuisine. Their food is handcrafted from scratch with fresh and natural ingredients; they do not use artificial ingredients, butter and sugar.

16595 NW 27th Ave., Opa Locka, FL 33054
Contact: 305-622-310

#10 – Chef Creole Seafood & Catering – At Chef Creole, their menu contains an enticing array of seafood, inspired by a mixture of Bahamian/Haitian flavors and has become the standard for fresh seafood the owner “Ken Sejour” has grabbed his native Haitian cuisine by the fishtail and created Haitian seafood for the masses

Caribbean
13105 W Dixie Hwy, North Miami, FL 33161
(305) 893-4246
 
NW 54th St., Miami, FL 33127
Contact: 305-754-2223
 
1392 NW 119th St, Miami, FL 33167
(305) 769-9440200

7957 N.E. 2nd Ave.
Phone: 305.754.2298

20356 NW 2nd Ave (441)
Phone: 305.651.4761

NAIL POLISH

#11 – Adore Her Nails – Former model turned nail lacquer enthusiast, Devorne Love, created this eye-catching and affordable line that also has a fun and flirty appeal.

#12 – Polish and Company – From cosmologist and nail expert, Theresa Williamson, this brand was created for the beauty bombshell with the aesthetics of a Southern belle.

#13 – Underground Nail Queenz (UGNQ) – Created by former army brat, Jacklyn Berry, this new, chic & revolutionary nail polish brand promises to add a shimmering iridescent shade with a special touch.

#14 – Ginger + Liz – Created by Ginger Johnson and Liz Pickett, this line is heavily influenced by arts, travel, entertainment and especially the Classic Chic, Modern Luxe, Bohemian Hipster, and Rock Glam fashion driven lifestyles.

#15 – Bernadette Thompson Nail Care and Color – Created by Bernadette Thompson, a trend-setting nail artist, this line give a seasonal presentation of slick, sophisticated, fun colors that literally put the latest fashion trends on women’s finger tips.

#16 – Lisi Cosmetics – Lisa Hill, a make-up, and nail artist, created this brand that boasts a nail lacquer line with a vast selection of glitter-crazy, and delectable glimmering colors.

BLACK OWNED NAIL SALONS & SPA’S 

#17 – Symmetry MedSpa – D’Livro L. Beauchamp, MD is a Board-Certified Physician of Urgent Care Medicine. Dr. Beauchamp earned a Doctor of Medicine from Howard University College of Medicine in Washington, DC. He performed General Surgery Residency Training at Howard University Hospital in Washington, DC. Dr. Beauchamp has a special interest in aesthetic medicine and anti-aging medicine

#18 – Gigi’s Mind Body & Soul – Gigi’s was founded by Germaine Abraham-Leveen in 2009. Gigi’s strive to bring you the best current treatment methods customized to your specific skin type For the past 4 years, Gigi’s personal mission has been to provide clients with the most professional and relaxing experience. The Day Spa services all your skin care needs from head-to-toe. Gigi’s believe in providing a “personal touch” to each client that give a sense of individuality in resolving their skin care concerns.

#19 – Delord Clinical Skincare – Since the start of her esthetician career, Traci Williams, Ph.D., Integrative Esthetician, Beverly Hills Facialist, has been on the cutting edge of esthetics, as she developed the Alternative Acne Therapy and Medical Esthetician training protocols in 1990. After studying Health Science at a local university she also received her holistic nutrition degree’s through Clayton College of Natural Health.

#20 – Lady Dee’s Day Spa  – We have a unique approach to skincare which delivers the best results in a very short period of time. During your initial visit to our studio, you will be seen by a para-medical esthetician who will provide an in-depth analysis of your skin, addressing your specific concerns. Your skincare program will have two distinct stages. The first is to achieve the desired results, and the second is to maintain those results. 

#21 – AM Salon & Spa – AM Salon and Spa is owned by Toney Canty and Ana Marquez, offering you a diverse group of experienced hair stylists and the ultimate in pampering and renewal. 

#22 – Le Skintique Day Spa and Beauty Salon – Full service salon and day spa for women and men.  Skin care,  body rituals, make-overs, waxing, complete ethnic natural and synthetic hair care, men’s grooming.  Call for an appointment now and receive a free skin analysis and complimentary samples of products. 

#23 – Sanctuary MedSpa – Sanctuary MedSpa services include SmartLipo, Botox and Fillers, Laser Hair Removal, Bio-Identical Hormones, Laser Skin Treatments, Microderm and Peels, Facials, and more. 

# 24 – JoJuDa’s Salon and Day Spa – We offer a wide selection of professional services including styling, cutting, color, weaves / extensions, braids, makeup application, brow shaping, nail care, facials, massage therapy and more. 

#25 – Nailphoria Day Spa – Manicures, Pedicures, Skin Care for Men and Women, Waxing, Eyelash Enhancements, Brow and Lash Tinting, Massage, Herbal Foot Soaks with Massage, Spa Parties, Mobile Services Available for your Special Events. 

# 26 – Violet J Spa & Wellness – Violet Johnson, PhD developed a spa menu to reflect her background as a nurse midwife and psychologist and her skill as an acclaimed esthetics professional. Violet is also a leading expert in the unique issues of multi-ethnic skins, including pigmentation problems, sensitivity and acne. 

#27 – Essenza Medi Spa – Dr. Edythe Woodruff Stewart is the Medical Director for Essenza Medi Spa.  Dr. Stewart attended medical school at the University Alabama-Birmingham.  Always one devoted to the health and well-being of all people, her most recent endeavor is to heal not just the body, but to raise the self-esteem of both men and women in the Central Valley.   She has a full staff of Registered Nurses, licensed Aestheticians, and certified Massage Therapists who are all qualified to help you look and feel your best. 

#28 – 2GORJIS Spa – Kim Evans is a licensed Aesthetician, Makeup Artist, Holistic Massage Therapist, Business Woman, Nutrition Educator, Consultant and owner of  2GORJIS Integrated Health & Wellness, a private facial practice for both women and men for a decade plus.

#29 – Francine’s Salon and Day Spa  – Francine Austin is the proud owner of Francine’s Salon and Day Spa, the first African American Salon & Day Spa in Hartford County, located in Bloomfield, Connecticut for over a decade. She is a 20 year plus veteran of the cosmetology industry were she utilizes her passion to inspire others to embrace their outward appearance, but more importantly their inner beauty.

# 30 – Beautiful Spirit Salon & Spa – Bernadette Johns is a licensed beautician and cosmetologist providing the best hair care using quality products.  Offering natural hair and weaves, braids, scalp treatments, manicures, pedicures, lash extensions and facials. 

#31- Edward’s Wellness & Skin Care  – Thelma Carole Edwards is a Licensed Aesthetician (Skin Care Therapist), Certified Massage Technician (CMT), Reflexologist, and a Nationally Certified Make-Up Artist. Come enjoy the art of wellness in Skin, Body, and Spirit.

#32 – Raquel’s Signature – Racquel has been in the Beauty Industry for more than 20 years. As Master Stylist and Image Consultant her expertise ranges from Cosmetic Hair Extensions, Precision Hair Cutting, Hair Care, Hair Coloring, Relaxers, Hair Texturizing, Alopecia Or Hair Loss reconstruction, Custom Wig Making, Lash Extensions, Makeup, Brow Shaping and more. 

#33 – Flawless Wax & Spa  – We provide the ultimate spa experience while being Downtown Orlando’s premier wax and skin spa. Specializing in waxing, eyelash extensions, semi permanent makeup, and skincare.

#34  – A Visible Difference Beauty Concepts – A Visible Difference is a source of refuge, a place where you can retreat then return to your normal routine anew. The menu of services is specially created with the wilted flower (a tired woman) in mind to help rejuvenate and restore you to a striking beautiful flower. Our technicians are highly trained individuals with over 30 years combined experience. The goal is to have you, the client, leave our establishment feeling refreshed, looking beautiful and anxiously waiting to return.

#35 – Iwi Fresh Garden Day Spa – iwi fresh Garden Day Spa is located in the Castleberry Hill art district in Downtown Atlanta, GA. We offer garden fresh skincare products, made by-hand, and provide one-of-a-kind spa and salon services Tuesday thru Sunday of every week.  

#36  – Too Groovy Salon & Spa – Founded in 2003 by healthy hair care innovator, Robin D. Groover, Too Groovy Salon has transformed the hair of thousands of women from coast to coast. Our Hair Care Specialists use award winning techniques in the arts, sciences and methodology of advanced hair care to achieve optimal results.  Too Groovy Salon has won numerous awards, to include the Bronner Brothers Icon Award and the Steve Harvey Neighborhood Award for best Hair Salon.  Come and experience for yourself why so many women travel for miles to indulge themselves in the most sought after chemical-free system for silky-smooth-straight styles, and textured styling for those seeking definition, elongation and curl manageability. 

#37 –  Nubiance Spa & Salon – Indeed, Master Hairstylist and Color Specialist Vicki Pouncie proudly possess a very creative, eclectic, and classy sense of style that emanates from her heart, mind and soul, which she takes great pride in displaying to her clients via her innovative hairstyling techniques and exceptional hair color application services. 

#38 SoKai Salon & Spa – Sokai Spa Salon is an upscale salon located in the heart of the East Atlanta Village. Forever finding new ways to pamper clients, Sokai Spa Salon offers a fun, relaxing atmosphere in which clients can feel comfortable and at ease.  

#39 – Suite 20 Salon & Day Spa – We have more than 20 years of industry experience, and our licensed dieticians and stylists take pride in providing personalized services to help you look and feel your best. Kristy Gaiters, our owner, strives to provide the community with affordable and healthy services. 

Con’t 175 + more nail salon & spas, click here100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

BLACK -OWNED HOME DECOR AND FURNITURE

#40 – Harmony Designs Furniture & Interior – located 115 SOUTH 4TH AVE  MT. VERNON NY 10550; PH: 914-699-0809

#41 – Home Beautiful Decor – located Address: 502 W Kearney St #200, Mesquite, TX 75149; PH:(972) 288-0705

#42-  Ali Sandifer Studio – located in Detriot, MI. Design is our passion and craft is our medium. Ali Sandifer is a design studio and workshop with a particular fondness for furniture. Our work is born from a simple belief that design, material, and craft must work together to achieve intelligence, beauty, and longevity.

#43 – Lakay Designs –  located in Ohio. THE  PLACE FOR ALL YOUR AFRICAN INSPIRED HOME AND BUSINESS DECOR. Home is home, and all areas of the home must be ‘home’ to the occupants. But this can only be achieved when the ambiance of the home is fascinating. Nothing however can make any home attractive except the unique decor of the home.

#44- Uhuru Furniture & Collectibles – located 832 N Broad St, Philadelphia, PA 19130; PH:(215) 546-9616 Secondhand furniture & decor, with sales supporting the African People’s Education and Defense Fund.

BLACK OWNED BANKS

#45 – 65 – (21 Black-Owned Banks) – click here for an interactive map http://blackoutcoalition.org/black-u-s-banks/

RETAIL STORES OWNED BY BLACK MEN 

#66 – Kimchi Socks – Jason V. Holmes a native of New Orleans is stirring up competition in the very low-tech industry of socks. This brother is turning his passion into a great business model, as well as giving back to the community.

#67 – Talley & Twine -was founded on two principles: legacy and lifestyle. We want to set the standard for future generations, and we want to look good doing it. The number seven on the face of our watches represents completion while giving our timepieces a distinct look that sets us apart from other brands.

# 68 –  Mechael Grey  Footwear – Superior Design comes from a concept… A concept derived from experiences in the world around us, or the truly imaginative mind. Life, travels, studies, technique, and my passion for creation is the very DNA of MICHAEL GREY FOOTWEAR. A distinctive blend of Industrial design + architecture, combined with vintage looks of years before, form my unique line.

BLACK OWNED FOOD BRANDS IN YOUR LOCAL STORE 

#69 – Freedom Paper Company  – Freedom Paper Company LLC (FPC) is a privately owned distributor of bathroom tissue and other paper products headquartered in Baltimore Maryland. The company is unique from other corporations as it is born from the foundation of grassroots movement combined with the best of corporate culture and business acumen.

#70 –  Michele’s Food – Sunday mornings at the Hoskins home began with a gathering and a tradition of delicious homemade waffles, a variety of breakfast meats and a special concoction of honey, cream and butter that was made just for the occasion.  This secret syrup recipe was created by America Washington, a former slave, and the great, great, great grandmother of the only daughter in the household, Michele Hoskins.  America Washington created the recipe in the 1800s as an alternative to molasses for her plantation owner’s family.In the early 1980’s, this family delicacy was passed down to Michele from her mother and she continued the tradition by making it for her three (3) daughters and friends. “My mother inherited that secret recipe and when I married, it was given to me.”  The pancake syrup soon became the talk of the neighborhood. Its delicate honey taste and its rich, creamy consistency brought compliments from all that tasted it and ultimately requests for more!

#71 – 2TWater –  2T Waters, LLC – is committed to introducing premium beverages that are made with the finest quality of water. We are a health conscious company that mainly focuses on health beverages. We believe our water source is one of the purest natural springs known with no artificial mineral additives or demineralization.We specialize in presenting different beverages using our water source to provide our consumers with the healthiest beverages possible.

#72 – TGIN (Thank God I’m Natural) –  When Harvard graduate, Chris-Tia Donaldson  started her first law firm job, she wore a wig to disguise the fact that her hair was naturally kinky.

BLACK-OWNED HEALTH CONSCIOUS FOODS 

FOOD/DRINKS

#73 – Khepra’s Raw Food Juice Bar – Located at 402 H Street NE in Washington DC, this award-winning juice bar/ restaurant was founded by Khepra Anu, a raw foodist who has dedicated his life to sharing his knowledge of systematic fasting and detoxification.

#74 – Karyn’s – Located at 1901 N. Halsted in Chicago, IL, this Black-owned restaurant serves cooked, conscious vegan comfort foods such as pizza, burgers, fries, meatloaf, taco salad, eggplant, and more. They also have a well-complimented vegan brunch and serve raw dishes for lunch and dinner.

#75 – The Grain Cafe – Located at 4222 W Pico Blvd in Los Angeles, CA, this restaurant appeals to vegans and vegetarians as well as meat-eaters. They serve veggie wraps as well as deluxe burgers with red berry ice tea or mint lemonade. Even their coffee is natural and organic.

 #76 –  Tassili’s Raw Reality  –  Located at 1059 Ralph David Abernathy Blvd Atlanta, Georgia is a fast casual restaurant located in Atlanta, Georgia.  They specialize in raw vegan cuisines and provide a unique variety of raw vegan entrees like spicy kale salad, kale wraps, and more.

#78 –  Land of Kush – Located at 840 N. Eutaw Street, Baltimore, MD Voted 2015 Best Vegan Crab Cake by Baltimore’s City Paper!  They are the Ultimate Vegetarian Experience!  THE LAND of KUSH inspires you to feed your spirit.  They are Vegan Soul!  Celebrate a new way of life with healthier food.

HAIRCARE

#79 – CURLS: This Black-owned company is a nationally recognized leader in the natural hair care industry for their unique formulations of certified organic ingredients. Supported by Halle Berry, Alicia Keys, Nia Long, Tia Mowry, and more.

#80 – Curl Kitchen: This Chicago-based company sells natural/ organic-based hair care products tailored to those who wish to embrace their tresses in its naturally ethnic state. Their products are for women and men with waves, curls, kinks, coils, and/or locs.

#81 – Indigofera Beauty: This Black-owned Etsy store produces a variety of all-natural, chemical-free hair care supplies that are made from plant-based ingredients and infused with essential oils. They are known locally and nationally for selling the best products for natural hair, coils, kinks and locs.

SKINCARE

#82 – Beija-Flor Naturals: This Black-owned Etsy store produces organic skin care and natural hair products. The brand is inspired by the owner’s Brazilian background and uses the best ingredients from the Amazon rain forest to the Savannahs of East Africa.

#83 – Blac Minerals: This Black-owned company sells 100% non-toxic, high quality, high performance, hand-crafted mineral makeup formulated for women of all colors. Their natural makeup products are lightweight, and blendable, helping your skin to breathe.

BLACK-OWNED HANDBAGS 

#84 – Minku – Minku is considered the Hermes of Africa when it comes to handbags. They are all handmade and can take up to 50 hours to complete and are lined with repurposed items of Yoruba ceremonial dress. The Nigerian company was started by founder Kunmi in 2011 and is a family-run business.

#85 – ZAAF – ZAAF offers handcrafted luxury leather handbags made in Ethiopia. They are crafted with the finest materials and produced in a remote Ethiopian village. The company was founded by Abai Schulze, a remarkable CEO who is under the age of 30.

#86 – Gregory Sylvia  – This handbag designer was co-founded by Gregory and Terri “Sylvia” Pope. The husband-wife team started their company in Charlotte, North Carolina and are known for their luxury, elegant handbags crafted from fine leather.

#87 – Adela Dejack – These African-inspired designer handbags are made in Kenya. Their collection of handbags, jewelry, and other accessories are inspired by African shapes, textures, and techniques. Designer Adèle Dejak had plenty of design experience in England and Italy before moving her company to Nairobi, Kenya in 2005.

#88 – Christopher Augmon – Christopher Augmon high-end luxury designer handbags are made in New York and reflect the richness of various cultures. His distinctive handbags can be found in boutiques around the United States and online at augmon.com.These designer handbags are made by many of the designers for both women and men.

BLACK- OWNED SHOE DESIGNERS 

 #89 – Artyce Design –  The vision of Artyce Footwear (named after the designer’s mom) officially came to light in 2004. Candra Palmer (Designer, Owner) brought her dream to life by creating a comfortable and stunning custom footwear collection catering to brides and those attending special events.

#90 – Samantha Shoes – Every woman needs at least one great pair of shoes. Women that wear larger shoe sizes, desire current fashion trends and are frustrated by the lack of availability. Samanta Shoes is dedicated to solving this global problem.

#91 – Amina Abdul Jillil – Born and raised in Anchorage, Alaska Aminah began as a professional dancer in Los Angeles, performing with some of the biggest names in music including Britney Spears and Janet Jackson. She’s appeared in commercials for Pepsi, Mazda and New Balance and recently performed as lead character “Crimson” in Cirque du Soleil’s BELIEVE.

#92 – Jhung Yuro  – Launched in 2005 Jhung Yuro recognized a void in the men’s luxury lifestyle footwear market and filled it with a brand that offers detail, hand craftsmanship and limited availability for its products.

#93 – Fever Shoes and Swimwear – Natischa Harvey’s first foray into the shoe business came via Bakers.  While studying political science at Clark Atlanta University she moonlighted at the store, earning $6 an hour.  She treated it as a “paid internship” and by 2004 knew enough about the industry to open her own boutique

BLACK-OWNED FIRMS THAT HELP OTHER BLACK-OWNED BUSINESSES

#94 – The Front Page Firm  – This firm, launched by PR executive Tosha Whitten Griggs (best known for her work with BET), is a full-service publicity boutique specializing in executive and talent visibility; television and film campaigns; red carpet premieres; and special events. They are known for being the go-to publicists for mainstream/urban media cross-over campaigns. Their clients include Bounce TV, the Queen Latifah Show, the Oprah Winfrey Network, and Spelman College.

#95 – Foote Communications – This firm, launched by marketing and PR veteran Neil Foote (best known for his work with the Tom Joyner Morning Show), combines traditional public relations and content management and social media for entertainers, entrepreneurs, corporations and educational institutions. His services include public relations, graphics & design, social media strategies, web site management, and more. Their clients include the Tom Joyner Morning Show, the African American Museum of Dallas, Rickey Smiley, and J. Anthony Brown.

#96 – BlackPR.com – This company, launched by marketing guru Dante Lee, offers an extensive press release distribution service to all the African American newspapers, magazines, TV and radio stations. For just $150, they can help you get your story in some of the country’s top Black publications, and they can even help you get radio and TV interviews. Their clients include the NAACP, the Tom Joyner Foundation, Tavis Smiley, Iyanla Vanzant, TV One, and BET.

#97 – HBCU Connect – Looking to hire African American college students and graduate? This company, launched by social media pioneer Will Moss, can help you do that for as little as $249. Their online career center offers various options including posting simple job listings to options for banner ad packages and employer showcase listings. Their clients include Microsoft, FedEx, United Negro College Fund, Merck, and many Historically Black Universities and Colleges (HBCUs).

#98 – PR, Etcetera – This company, launched by African American PR veteran Toni Beckham, offers several professional marketing communication services including branding, crisis communications, public relations, media training, and even technical writing/proofing. Their clients include the Bay Area Black Expo, Rainbow/PUSH Silicon Valley Project, the City of Oakland, and the National Coalition of 100 Black Women.

#99 – TaylorMade Media – This company, launched by PR expert, media coach, and best-selling author Karen Taylor Bass, creates strategic public relations, branding, and marketing campaigns for corporations, luxury brands, celebrities, athletes, and entrepreneurs. Karen has been featured on Dr. Oz, CNN, BET, NBC Today, Fox-TV, and in Essence Magazine.

#100 – BBNomics Crowdfunding Site –  Building a Platform to aid Black people in pooling their resource and gain financial independence. BBNomics is all about group reliance, real money wisdom, for our people who want to beat the odds, prove everyone wrong and become a beacon of light in the world by living life with a purpose.

The aim is making an impact by providing a platform for everyone to actively engage in fundamental principles of group economics, group-love, financial literacy, entrepreneurship, and philanthropy. It’s for our people who are serious about taking their lives — and their POWER — to the next level!

By Lynn (@lynnbbnomics) 

100 BLACK-OWNED BUSINESSES TO SUPPORT 365 DAYS A YEAR

To be added to this list and others,  click here [ ].

 

Posted on March 9, 2016 By Staff

Most Black-Owned Businesses Fall Into One of These 9 Categories

african_american_social_work_business

Between 2002 and 2015, black-owned businesses in the U.S. increased 60.5 percent, totaling 2.5 million firms, according to BlackDemographics.com. Almost half of them, or 4 out 10, operate in healthcare and social assistance, and in other services.

Top industries for black-owned businesses

Out of all the 2.5 million businesses owned by blacks in 2015, here is the breakout by industry:

  1. Health care and social assistance – 365,140/ 20 percent
  2. Other services, including repair, maintenance, personal and laundry services sectors – 358,443/ 20 percent
  3. Administrative Support, waste management, and remediation services – totaled 216,763/ 11 percent
  4. Transportation and warehousing – totaled 168,386/ 9 percent
  5. Professional, scientific, technical – totaled 163,761/ 9 percent
  6. Retail – totaled 148,181/ 7.8 percent
  7. Construction – a total of 125,818/ 6.6 percent
  8. Real estate, rental, leasing – totaled 92,655/ 4.8 percent
  9. Arts, entertainment, recreation – a total of 86,357/ 4.5 percent

The remaining 10 percent are in education services, finance, insurance, food service, information, wholesale trade, manufacturing, agriculture, utilities, other industries, and management of other companies.

To read more, visit www.blackdemographics.com/economics/black-owned-businesses/

Posted on March 8, 2016 By Staff With 0 comments

7 Black-Owned Magazines That Are Still Available in Print

black_magazines_still_in_print

Magazine publishing in general is struggling, but black magazines in particular are having a tough time surviving. Publishers are constantly challenged to change in many ways that include content relevance and technology, and many black magazines have done an excellent job doing both.

Successful black magazines such as Ebony, Jet, EssenceBlack Enterprise, and Rolling Out have survived due to their resilience. But these 7 black magazines in particular have also survived and are still publishing content, not just online, but also still in print:
#1 – The Network JournalThe Network Journal, headquartered in New York City, is both an online and quarterly print magazine that publishes information for black professionals and business owners. The magazine was founded in 1993.

#2 – Heart & Soul Magazine – Headquartered in Bowie, Maryland, this magazine was founded in 1993. It publishes information that promotes physical, spiritual and mental well-being specifically for women of color and their families.

#3 – HBCU Connect Magazine – This Ohio-based magazine was founded in 1999 and is the first magazine targeting Historically Black Colleges and Universities (HBCU) audiences. It provides a social network for HBCU graduates as well as information on professional and educational opportunities.

#4 – Atlanta TribuneAtlanta Tribune has been around since 1987 and is considered Atlanta’s No. 1 business lifestyle publication. The magazine features the latest information on technology, wealth building, careers, and other business-related information for executives, professionals and entrepreneurs.

#5 – Black Business NewsBlack Business News is published by the Black Business Association (BBA), a non-profit organization headquartered in Los Angeles, California. The magazine strongly supports black business by publishing information of interest to black business owners, corporate buyers, contractors, community organizations and elected officials across the nation.

#6 – Savoy Magazine Savoy Magazine is a culterally-focused magazine that appeals to progressive, modern and sophisticated African-American consumers. Content includes news, entertainment, business, culture, sports, arts, and education for the African-American community.

#7 – Cuisine Noir Magazine – Founded in 2007, Cuisine Noir is the first food and wine lifestyle magazine for African-Americans. The magazine features the talents of African-American culinary and wine professionals across the country.

CORRECTION #8 – Upscale Magazine – This magazine, produced by Atlanta’s very own Bronner Brothers, is the ultimate lifestyle magazine addressing the needs of stylish, informed and progressive African- Americans. It has been brought to our attention, that they too are still in print, and going strong!

Source: 7 Black-Owned Magazines That Are Still Available in Print

 

Posted on February 10, 2016 By Staff With 0 comments

MANY PEOPLE ARE ON A MISSION TO REVOLUTIONIZE THE BUY BLACK ECONOMICS MOVEMENT AND CREATE 2 MILLION JOBS

MANY PEOPLE ARE ON A MISSION TO REVOLUTIONIZE THE BUY BLACK ECONOMICS MOVEMENT AND CREATE 2 MILLION JOBS

KIMG0024[1]NATIONWIDE, USA,–It has been said that necessity is the mother of invention. Thus, in an era where a sizable number of black people throughout the United States are being laid off—tossed to and fro by the winds of economic uncertainty—an innovative group of young, creative, and energetic Africans have emerged to help the black community; particularly from the shackles of economic hardship, chronic unemployment, debt bondage, and despair.

Powered by ‘Buy Black Economics,’ this new movement is associated with the hash tags #2MillionJobs and #EachAndEveryFriday. This dynamic initiative aims to eliminate unemployment by the year 2017, specifically through the creation of two million jobs for black workers.

The creator of this venerable movement (i.e., LYNN) states, “We are the bridge between ideas and execution, and we are singularly focused on growing our own economy. Each and every Friday, we are asking people to spend $20 with local and/or online black businesses.”

LYNN adds, “Statistics show that we currently have slightly over 2 million black businesses in America, and 1.9 million unemployed African American workers. If we consciously spend with these businesses for 24 to 48 months, then we will collectively generate enough capital to hire all of the people within our community who are currently unemployed.”

cash mob 4

Joining this movement is as easy as ABC! Follow the three steps below to get involved:

David, one of the inaugural members of the 2 Million Jobs Movement remarks, “Since starting ‘Each and Every Friday,’ I feel uncomfortable spending money anywhere else.  In fact, I sincerely believe that if 45 million of us (i.e., black people) commit to intentionally spending $20 with black businesses—merely once a week—we will reduce unemployment drastically in our communities….”

Interested community members and/or business owners can sign up for a list of businesses near you to support on the movement’s website buyblackeconomics.com.

2millionjobs2

 

About Buy Black Economics

“Buy Black Economics’ community initiatives involve the locating and allocation of limited resources (e.g., land, labor, capital, and entrepreneurship) in a way that has a positive effect on the level of business activity, sustainable employment, economic stimulus, and fiscal solvency within predominantly black communities. Therefore, Buy Black Economics is strongly committed to the creation of wealth in which our communities benefit.”

To learn more about Buy Black Economics visit: www.2millionjobs.com.

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Mathematical Economics 

Posted on January 27, 2016 By Staff With 19 comments

Top 7 Black-Owned Firms That Help Other Black-Owned Businesses

rotating-savings-club

 

According to federal statistics, there are more than 2 million Black-owned businesses in the country, but many are struggling to stay afloat. Many generate revenues of less than $100,000 a year, and have few employees. So what’s the plan for 2016?
Here are 7 Black-owned marketing, public relations, and diversity recruitment companies that can help:

#1 – The Front Page Firm: This firm, launched by PR executive Tosha Whitten Griggs (best known for her work with BET), is a full service publicity boutique specializing in executive and talent visibility; television and film campaigns; red carpet premieres; and special events. They are known for being the go-to publicists for mainstream/urban media cross-over campaigns. Their clients include Bounce TV, the Queen Latifah Show, the Oprah Winfrey Network, and Spelman College.

#2 – Foote Communications: This firm, launched by marketing and PR veteran Neil Foote (best known for his work with the Tom Joyner Morning Show), combines traditional public relations and content management and social media for entertainers, entrepreneurs, corporations and educational institutions. His services include public relations, graphics & design, social media strategies, web site management, and more. Their clients include the Tom Joyner Morning Show, the African American Museum of Dallas, Rickey Smiley, and J. Anthony Brown.

#3 – BlackPR.com: This company, launched by marketing guru Dante Lee, offers an extensive press release distribution service to all the African American newspapers, magazines, TV and radio stations. For just $150, they can help you get your story in some of the country’s top Black publications, and they can even help you get radio and TV interviews. Their clients include the NAACP, the Tom Joyner Foundation, Tavis Smiley, Iyanla Vanzant, TV One, and BET.

#4 – HBCU Connect: Looking to hire African American college students and graduate? This company, launched by social media pioneer Will Moss, can help you do that for as little as $249. Their online career center offers various options including posting simple job listings to options for banner ad packages and employer showcase listings. Their clients include Microsoft, FedEx, United Negro College Fund, Merck, and many Historically Black Universities and Colleges (HBCUs).

#5 – PR, Etcetera: This company, launched by African American PR veteran Toni Beckham, offers several professional marketing communication services including branding, crisis communications, public relations, media training, and even technical writing/proofing. Their clients include the Bay Area Black Expo, Rainbow/PUSH Silicon Valley Project, the City of Oakland, and the National Coalition of 100 Black Women.

#6 – TaylorMade Media: This company, launched by PR expert, media coach and best-selling author Karen Taylor Bass, creates strategic public relations, branding, and marketing campaigns for corporations, luxury brands, celebrities, athletes, and entrepreneurs. Karen has been featured on Dr. Oz, CNN, BET, NBC Today, Fox-TV, and in Essence Magazine.

#7 – BBNomics Crowdfunding Site:  Building a Platform to aid Black people in pooling their resource and gain financial independence.

BBNomics is all about group reliance, real money wisdom, for our people who want to beat the odds, prove everyone wrong and become a beacon of light in the world by living life with a purpose.

The aim is making an impact by providing a platform for everyone to actively engage in fundamental principles of group economics, group-love, financial literacy, entrepreneurship, and philanthropy. It’s for our people who are serious about taking their lives — and their POWER — to the next level!

Source: blog.blackbusiness.org

Posted on January 7, 2016 By Staff With 4 comments

In the U.S., There Are 2 Million Black-Owned Businesses — And 10 Other Facts About Black Entrepreneurs

black_entrepreneurs

According to the United States Census Bureau, there are more than 2 million businesses in the country that are owned by African Americans. That statistic dispels a lot of rumors that African Americans are not successful in business. On the contrary, Black-owned businesses are a huge asset to the U.S. economy. But wait there’s more!

Here are 10 more little-known facts about Black businesses:

LOCATION:

#1 – The highest ratio of Black-owned businesses is in Washington, DC where 28% percent of ALL businesses there are owned by African Americans.

#2 – The second highest ratio of Black-owned businesses is in the state of Georgia, where 20% of ALL businesses there are Black-owned.

#3 – Although the ratio is only 10.6%, the state of New York actually has the most Black-owned firms at 204,093.

EMPLOYEES:

#4 – Of the 2 million Black businesses in the U.S., only about 107,000 of them have actual employees and they employ more than 920,000 people with a total annual payroll of about $23.9 billion.

INDUSTRIES:

#5 – Nearly 38% of Black businesses are in health care and social assistance, repair and maintenance, and personal and laundry services.

#6 – Other popular categories among Black businesses include advertising firms, auto dealerships, consulting services, restaurants, barbershops, beauty salons, and more.

TOP BUSINESSES:

#7 – World Wide Technology, a global technology consulting firm based in St Louis, MO, is the LARGEST Black-owned business in the country. Founded by entrepreneur David Steward, they post annual revenues of more than $2 billion.

#8 – There are actually many Black-owned businesses that generate millions in annual revenue. For example, Oprah Winfrey’s Harper Productions and Bob Johnson’s RLJ Companies. There is also GlobalHue, an advertising agency in Detroit, that generates more than $480 million in annual revenue; and many, many others.

WHERE IMPROVEMENT IS NEEDED:

#9 – African Americans make up more than 13% of the U.S. population, but only own 7% of the businesses.

#10 – Nearly 1.9 million of the 2 million Black-owned businesses do not have paid employees. If each of these were able to hire just one or two employees, experts say that would be a huge solution to Black unemployment.

CHECK OUT THESE CHARTS BELOW:

 

In the U.S., There Are 2 Million Black-Owned Businesses — And 10 Other Facts About Black Entrepreneurs

Source: Blog.BlackBusiness.org

Posted on December 17, 2015 By Staff

30 Ways You Can Practice Group Economics

 

African American family together inside their home

African American family together inside their home

  1. Produce a product
  2. Produce a service
  3. Outsource tasks to a member of the community
  4. Open an online store
  5. Open a physical store
  6. Host community events
  7. Use Black Business Directories
  8. Create community gardens
  9. Start making and selling your own clothes and accessories
  10. Source Black produced products
  11. Start or Join a Black Investment Group
  12. Find and join a Black Bank
  13. Crowdfund to raise capital
  14. Do A Weekly Sou-Sou
  15. If you don’t have money, barter
  16. Change your buying habits
  17. Vote with your dollars
  18. Create Trust Funds for your children OR an Endowment for an organization
  19. Fight for reparations
  20. Use “gentrification” to our benefit
  21. Build a co-op
  22. Hire Blacks
  23. Study Economics
  24. Join or Create a buying club
  25. Refer a Black business to someone else
  26. Share-A-Ride Ghetto taxi
  27. Buy Black but sell to anyone
  28. Improve your Financial IQ
  29. Hustle and Persistence
  30. Share this article Just one of these tips has the power to change lives and communities.

Produce a product

A product is any physical item that you create to sell. Look around you: everything you see is a product that someone else has created. You can do the same. The best products are those that solve a pressing need. Think toilet paper, books that teach readers to solve a problem or understand an important subject, or items that help customers express themselves.

You can also improve on an existing product. Create a better faucet. Create a better toilet. Create a better way to change your oil. Will it be hard? Sure. Will it be worth it? Hell yea.

Case study: I knew a Sistah that worked at a well-known coffee shop. She hated her job, but would make special custom drinks for customers that weren’t on the menu. When the job didn’t work out, she remembered her recipes, bottled them, and now sells them in the city she lives in to the same customers. Instead of the company getting the lions share of the product profit, it goes straight to her. That’s how you create a product.

Produce a Service

A service is any skill that you possess that the market needs and is willing to pay for. Plumbers, mechanics, HVAC, barbers, tattoo artists, computer programmers, and painters all have skills the market is willing to pay lots of money for.When considering a service that you may be able to provide, you will know if it is a good idea or not by answering the following question:

Is this something people could do by themselves?

If the answer is yes, come up with a better idea.

  • I can mow my own lawn
  • I can do my own grocery shopping*
  • I can wash my own car
  • I can clean up my own house

I am not paying you to do those things for me. But can I give myself a haircut? Can I fix my own car? Maybe you can, but I cannot. Can I program my computer (hell naw). These are services that people are willing to pay for. If you have skills that the average person doesn’t, there is your opportunity.

Think about all of the services you use on a weekly basis. Find a Black service provider to perform all of those same services for you.

* With so many Baby Boomers entering retirement, the need for personal services will skyrocket. Many elders can no longer do their own shopping, so there may be a market there.

Outsource tasks to a member of the community-Top

Buy Black

In business, outsourcing is the contracting out of a business process to another party. If you are in business, you cant do everything yourself. Outsourcing is like hiring a mercenary to take care of one-time tasks. Outsourcing is not as expensive as it may sound.  If you have $5, you can outsource web design, computer programming, accounting,

Want help with your natural hair? Try Marsha Willis. At only $5, she is cheaper than buying a book.

Need a Black male to do a voice over for your commercial? My man, cardi937  has done work for us (including our podcast) for $5.

Even if you cant find a Black service provider, use someone from outside of the community to get you into business. Here are a few:

Web and Graphic Design for $5

Business Planning for $5

Marketing and Branding Services for $5

Get your website on the front page of Google for $5

Facebook, Twitter, Other Social Page designs for $5

Open an online store –Top

Once you have created products to sell, or you have found someone who is willing to wholesale the product to you, open an online store. This Queen can help you do it for $5…yes….$5!

By opening an online store, you will have access to the entire world of customers. You will need to package and ship the products in a timely manner when orders roll in, but if other people have done it and make a living at it, you can too!

In order to open an online store, you will need to buy a domain name (for example, www.yournamehere.com) and hosting (the place where all of your words, pictures, and videos are stored online). We are one of the very few Black Web Hostingcompanies in the world. You can buy very cheap and reliable web hosting from us by clicking here.

You may also want to purchase a domain name from Godaddy. Domain names can cost anywhere from $1 to $13 per year. Buying your domain name ensures no one steals your idea, and is an important first step in getting started. Click here to register your Godaddy domain name.

30 Ways You Can Practice Group Economics

Open a physical store

While it may be more expensive to open a physical store versus an online store, there are many benefits. First, when discussing group economics, physical stores provide “anchors” in the community. Many people consider the businesses around them as a benefit of living in a particular area.Think popular barber shops or convenience stores.

If the businesses are Black owned and providing quality goods or services, that can have a positive impact on the entire community. There is also less competition, since anyone can open an online business, but everyone is not willing to physically open doors!

Host community events

Host community pot lucks, local group economic seminars, community yard sales, and other events that teach the rest of the community to put these tips into practice. Find a community center, boys and girls club, or a school with an auditorium or gym and get to work. The more people see their community coming together, the more they will be willing to participate.

Schools are particularly receptive to farmers markets setting up on school grounds on the weekend, so turn it into an event and an opportunity to make things happen.

Use Black Business Directories

There are seriously thousands of Black Business directories in existence. These directories range from the local to the global, and feature literally hundreds of thousands of businesses. Why aren’t you using them? Many of these directories have mobile device apps, or are mobile friendly, and let you search using your zip code to find the closest Black business to you.

If you are a business owner, add your listing to ALL OF THESE directories. If you are a consumer, use these directories to keep Black dollars in Black hands.

  1. Black Owned Biz – featured on BET, the directory has a growing list of 10,000 Black Businesses from all over the United States
  2. Black Trade lines – A convenient, easy to use Android and Apple app that lets you find nearby businesses using your cell
  3. Buy Black Economics – Cooperative Directory with reward incentives.

 

Create community gardens

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Start planning and gathering everything you will need for planting in the springtime during the fall and winter months. If you are getting started in the spring, there are fall and winter crops that you can grow and either eat, sell, or turn into a product to other members of the community.

My grandmother had a fig tree, a pecan tree, and a small garden in her back yard. She could make dozens of products from these few resources, including fig preserves and jams, deserts, pecans for sale by the pound (and pecan trees produce a shit ton of nuts), pies, etc. What we couldn’t eat, she would sell. What she couldn’t sell, she would give to the church or the homeless.

Community gardens also create opportunities to get the kids and the elderly in your community engaged. The mothers in nursing homes would appreciate being able to get back outside, or the opportunity to create products with fresh ingredients. Cleveland is an example of for-profit community gardens that we should be following. Check out what they are doing.

Start making and selling your own clothes and accessories-Top

Start by selling T-Shirts and hoodies online using a site called Teespring. Get a graphic designer create our T-Shirt designs on a site called Fiverr. For $5, you’re able to produce more than 12 profitable T-Shirt campaigns, earning us about $9,000 in profit. You have no excuse. Again, here are the resources: Fiverr – Use a graphic designer to create your T-Shirt designs. Most use Photoshop, and will have your order ready in 24 hours. Just be specific about what you want.

Teespring – Launch a campaign here. Start out with a low number as your goal until you get a feel for it

Repeat step 1 and 2.

Need proof we actually did this?

Source Black produced products-Top

Find low priced products from Black vendors and sell them for market value. If you can find a vendor in Liberia selling wood carvings for $10 and the store around the corner is selling them for $50, you have found an opportunity. Buy low and sell high. Use sites like Alibaba.com, Aliexpress and use Google searches to find suppliers.

Start or Join a Black Investment Group

An investment group or investment club is a group of family members, friends, co-workers, or like-minded individuals who pool a regularly invested dollar amount into a common banking account for the purpose of purchasing stocks, bonds, mutual funds, businesses, property, or other assets. There is no limit to the number of members your group can have, but as the African saying goes; “many hands make light work”. The more capital that is pooled, the bigger the ventures that your group is able to involve itself in.

Find and join a Black Bank

We have created a list of 21 Black banks still in business. These Black banks control a combined 4.7 Billion in assets. Banking with Black businesses is the very foundation of group economics! Check out the list here.

Crowdfund to raise capital

Many of us have mistaken soliciting online donations for crowd-funding. Crowd-funding is the practice of funding a project or venture by raising many small amounts of money from a large number of people. In exchange for contributing to a cause, you must be willing to give the donors something. Again, you don’t get away with just collecting up donations.

Case in point: When Tariq Nasheed wanted to fund his documentary, Hidden Colors, he offered donors anything from a complete DVD to your name listed as an Associate Producer on the film credits. The result? He raised more than $25,000 and is now on his third installment of the nationwide theater release.

Do A Weekly Sou-Sou

The concept of Sou-Sou is new to Black Americans, but sou-sou have served as a community savings plan for Blacks in the diaspora for generations. Read up on Sou-Sou in the article we published on the subject: Sou-Sou and the Path to Economic Empowerment

If you don’t have money, barter

Money isn’t always necessary to make an economy work. In fact, the definition of an economy is the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services. If you have a product or a service to trade for other things you need, don’t be afraid to negotiate.

Trade hair-styling for babysitting. Trade web programming for car repair. Trade a free apartment in your building for 24 hour maintenance.

Change your buying habits

It can be inconvenient to track down Black businesses that provide the goods and services that you are looking for. Practicing group economics means changing some of your buying habits to benefit your community. For instance, rather than using Google to find a business that has what you want nearby, use a Black business directory. Rather than shopping in physical stores, use the internet to find Black producers and shop for items before you need them.This reduces the need to run out and buy toilet paper at the last minute. You may have to drive a little further, or spend a little more, but the return on our community investment can outweigh the inconvenience.

Vote with your dollars

In his book, Powernomics, Dr. Claude Anderson discusses the link between group economics and politics. Politicians have the power to write economic zones into policy, giving the protection of law to Black operations and economic zones.

Put politicians and councilmen on notice: either take care of Black dollars, or we will take away your dollars. It worked in Ferguson, it can work anywhere.

Create Trust Funds for your children OR an Endowment for an organization

A trust fund is assets belonging to a trust (an arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries) held in a Black Bank (!) that can be distributed to your children. If you don’t have any children, or you wish to give your wealth to an organization after you ascend, use an endowment.

Endowments represent money or other financial assets that are donated to universities or colleges. The sole intention of the endowment is to invest it, so that the total asset value will yield an inflation-adjusted principal amount, along with additional income for further investments and supplementary expenditures. Typically, endowment funds follow a fairly strict policy allocation, which is a set of long-term guidelines that dictates the asset allocation that will yield the targeted return requirement without taking on too much risk. – Source

This is how we perpetuate group economics beyond our lifespans.

Fight for reparations

Some may not see reparations as practicing group economics, but if the TRILLIONS of dollars that have been given to other races, or that remains locked in the bank accounts of white nations (Belgium is still earning interest on the money made in the Congo under King Leopold III), were released back into our possession, that money could be used to regain control over the sources of production, land, and manufacturing. That alone could change our economic position for decades.

This article, written by Ta-Nehisi Coates is one of the best written cases for reparations. You owe it to him and to yourself to read it. His article will clarify your perspective on reparations once and for all. Click here to read the article.

Use “Gentrification” to our benefit-Top

One of my close associates was featured in this documentary that specifically addresses how we can use “gentrification” to our benefit. Watch and learn:

30 Ways You Can Practice Group Economics

Build a Cooperative –Top

A Cooperative is the professional title for a group of people working together for mutual benefit.  A cooperative business belongs to the people who use it – people who have organized to provide themselves with the goods and services they need, while making money at the same time. Member-owners meet regularly, present and hear reports on their business and investment activities, and hire General Managers to handle day-to-day affairs in their companies. Members invest in the businesses to provide capital for a strong and efficient operation,  and once the businesses start making money, the profits are returned to co-op members.

There are over 100 million people involved in 47,000 U.S. cooperatives that are in every sector of our economy. If they can do it, we can as well.  Read our article on the subject: Building a Black Cooperative Empire and then watch this video that breaks down how Cooperatives work:

Join @ www.buyblackeconomics.com 

30 Ways You Can Practice Group Economics

Hire Blacks

In her book, The New Jim Crow (If you haven’t read it yet, leave this post and go buy it.) Michelle Alexander teaches us that one of the aims of this new era of mass incarceration is to prevent Blacks from entering the job market. By hiring your own people, you can give an opportunity to a member of the community that may not have had the chance to prove their talents in the job market.

While its not easy to train and retain employees, if you are willing to put forth the effort it will pay off in an expanding business and an overall improvement in the conditions of our people.

Study Economics-Top

This should go without saying, but if you don’t understand economics, you are less able to “come up” and make economics work for you. The fastest way to get up to speed is by reading the following two books. If you haven’t read these, now is the time to pick them up:

  • Powernomics: The National Plan to Empower Black America
  • Think and Grow Rich: A Black Choice

Join or Create a Buying club

We have talked a lot about building a Black Consumer Cooperative, aka a buying club, The following FAQ was taken from How To Start A Buying Club.

Why should I start a buying club?

There are many different reasons why one would decide to start a buying club. The motives range from controlling food sources to saving money by buying in bulk. Others include wanting to help local farmers, minimizing a product’s carbon foot print or simply yearning to get closer to the food system. This is just a small list, and the reasons vary for each buying club. We’ll see how the answer to this question impacts decisions below.

What are the different models of organization?

While the concepts behind most buying clubs are similar, their structure can vary greatly. Some models include:

  • Owner Run – In this instance, a single owner would operate the buying club as a business. Any price markup or member fees would be profit for the owner. While there could be a few part time employees, more often than not this model is a one person show.
  • Member Only Club – This type of club is generally more exclusive, sometimes even imposing a member limit. The members would be the owner, and may choose to hire employees to run the group. Member fees and markup help cover the business overhead, but the goal is maximize savings for the members.
  • Worker Co-op – Like most worker co-ops, this buying club would be comprised of a group of members, each required to volunteer a set number of hours per month. Since no one is paid, the price markups and membership fees can be kept very low and while the group enjoys bulk discounts.
  • Farm Owned – Occasionally a farm will decide to sponsor a buying club. Some sell only their products while others will also place orders with other distributors. This type of club is great if you’re looking to establish a relationship with your local producers.

There are infinite variations on the above models, but these are the basic type of buying clubs currently operating. That is one of the best things about starting your own buying club, you can feel free to pick and choose elements from each model and create something that works best for your group.

Who else, besides me, wants to be in the buying club?

Depending on where you live, this could either be an easy or difficult task. In some communities, uttering the words ‘raw milk’ could set off a three hour discussion about micro-flora and the FDA. Conversely, some towns might require an equally long discussion to explain why we would want to buy directly from farmers versus supermarkets.

Either way, below are a few ways to gauge interest in your local area:

  • Farmer’s Market – At a local farmer’s market you’re bound to be surrounded by people who take food pretty seriously. From the farmers to the patrons, strike up a conversation with a few people and see how they react. Also, depending on the rules at your local market, you might even be able to set up a stand. Bring a sign, some quarter-sheet handouts and a have a notebook ready to collect e-mail addresses.
  • Local Produce Markets – People who frequent or work at a smaller produce market might have some interesting insight into the local food scene. At the very least, you might be able to get some information on potential distributors.
  • Internet – The ‘Community’ section of Craigslist.com could prove to be useful. Publish a post explaining your plans and ask people to send along emails if they’re interested. Another site that could be useful is Meetup.com. Start a meetup group surrounding food and see if anyone’s interesting. Even if you don’t have an actual meetup, the site’s discussion tools are pretty useful.
  • Cooperative Extension – No matter how successful the prior avenues are, a phone call or meeting with your local cooperative extension would most likely prove fruitful. These people deal in the agriculture and community on a daily basis, and are always a wealth of knowledge.

What type of product (food, seeds, vitamins) do we want to buy?

Most people assume a buying club would be associated with products normally found at a supermarket, but that’s not always the case. At the very least, it can be just the beginning of a buying club’s scope. For instance, in one buying club members got together and ordered a palate of glass gallon jars. These jars were great for storing the bulk items ordered through the club. In another instance, the same group bought several dozen fermentation crocks at wholesale price. Nothing prompts the purchase of ten pounds of cabbage like a three gallon crock.

The point being, you can start with local produce from a farmer in your area. You can buy seeds in bulk for your respective gardens in the winter. Or, you can even purchase an entire animal in the spring to be split among the club’s members. What ever product you decide to buy as a group, it will inform future choices, such as…

Who can we buy these types of products from?

There are several types of distribution to consider when forming a buying club. This decision will require the group to really focus on what it’s trying to accomplish. Cheaper food for members? Getting food closer to its source? Generating more profit for the producer? These points and many others all have pros and cons.

Once the goals of the group are determined, there are three tiers of producers:

  • National Distributor – There are several national distributors that work with buying clubs. The benefits include lower prices, greater range of products, order credit plans and organization. Some of the drawbacks are non-local product sources and greater transportation distances. Also, some companies require commercial loading zones for delivery, which is something we’ll talk about more later.
  • Local Distributor – The existence of a local distributor in your area isn’t guaranteed, but there is normally at least one handling fresh produce. The pros in this case are locally sourced product, generally smaller delivery vehicles and the possibility of forming a close relationship with the company. Downsides can include less formal delivery schedules, cash on delivery (COD) requirements and large inventory fluctuations.
  • Direct from Producer – Buying the product directly from the producer is an excellent choice if possible. Not every farmer/producer is willing to deal in small quantities typical for buying clubs, but if an agreement can be reached this can lead to excellent business relationships. The plus to this arrangement is freshness of product, intimate knowledge of its source and the potential to even have a say in the product types available. Potential pitfalls range from a lack of delivery options, payment prior to delivery and inventory instability.

How do we collect member orders?

There are many ways in which clubs gather and organize member orders and they vastly range in technical requirement. Some groups get together in one place and compile the order together. Others telephone and/or email orders to one point person who then creates the order.

In more recent years, clubs have began embracing the use of Internet for this job. There are several software based options for on-line ordering and some groups even use the collaborative power of shared Google Spreadsheets.

How often do we place an order?

This can depend on needs of the buying club and the inventory of distributors. Some clubs order as often as once a week, while others order monthly or even quarterly. One scheduling detail that can be very important is being consistent on what day the order is final. It could be every Wednesday, or the first Tuesday of every month. Whatever it may be, members often find it helpful if a system is established and followed.

Where do we receive deliveries and split bulk items?

This ultimately depends on several factors, including how many people there are in your buying club, how large your orders are and who you’re ordering from. If your club is small and the distributor can deliver it to a members house, a residential living room or garage can suffice. If the club is a bit larger and/or a national distributor required a commercial loading zone you may have to consider a larger venue. Such spaces include churches, grange halls, community centers and even unused commercial spaces for lease.

Collecting and Compiling Member Orders

Depending on the size of your club, this will vary. If you’re five to ten people, simply emailing or calling in orders to a single order compiler would suffice. However, if your group is larger, you might want to consider an Internet based tool. On the simpler side of things, you could use a Google Spreadsheet and share it with all of the members. It can be useful to have a dedicated member watching this spreadsheet, in case product names, prices or orders are entered incorrectly.

If your group continues to grow, and the spreadsheet begins to hit its limits, there are several on-line software options to help manage member ordering and order compilation. Click here to see these tools under our Tools & Resources page.

Submitting the Order

This task depends on which distributor(s) you’ve decided to deal with. In some instances, faxing or calling in your order is an option, mainly with small vendors. However, a bulk of distributors will either prefer or require the order to be submitted electronically. In this realm, it’s usually either via email or an on-line form.

For example, Frontier accepts orders through an on-line ordering tool. This tool is extremely handy in that as your enter products, it will indicate if said product is in stock, back-ordered, or sold out entirely.

If you’re submitting your order by email, vendors usually prefer a spreadsheet format of some sort. Some will provide the format, others are just happy to be getting it electronically. Both the aforementioned spreadsheets and software option help take a lot of the busywork out of preparing the order for submission.

Receiving the Goods

Again, this section is dependent on the distributor. That said, you’ll almost always have to have someone meet the delivery. Be it the vendors own truck or UPS, it’s helpful to have a member available during the drop-off time window. Beyond ensuring the safety of your club’s food, you might also need to pay the delivery driver.

If possible, having multiple members at drop-off will be best. These people can help cross check the delivered items with the invoice and quickly discover any damaged or sub par items. After the delivery is complete, this small team can help organize the order and move any perishables into refrigerators or freezers.

In some clubs, these members can also begin splitting or weighing some of the items. Over time, you’ll be able to determine which products are best to do right after delivery, such as meats and/or cheeses. This may drastically help the next step of the process.

Splitting the Goods

An important part of splitting the order is giving yourself the right amount of time. This will take a couple of tries to figure out the optimal time, and is also dependent on how large the order is. For the sake of this explanation, let’s say it will take two hours to split the order.

Before you do a split, its also important to have the proper tools for the job. If there are items like flour or vegetables, you’ll need glove, scoops, bags and scales. You’ll also need a good amount of pens and markers.

Beyond the tools, you’ll also have to prepare several copies of the ‘split sheets’. These sheets list out, by product, which members purchased said product and in what quantity. Again, the on-line software tools are extremely helpful in this task. Also, if you’re using a Google spreadsheet to order, there may be scripts available for you to create split sheets.

With tools and split sheets in hand, have your splitting team meet two hours and fifteen minutes before the club pickup time. Initially, set up one or two areas with scales for weighing items, if needed. Another task is to set up a box or bag for each member’s order. Often times these can be place on chairs to avoid constant bending over. Each of these boxes should also have either the member’s name on it or their receipt, or both. This will help avoid confusion once the distribution of items begins.

In most orders there are items that need to be weighed and bagged, while others can simply be placed in the member’s box (dry beans vs. dozen of eggs). Split the group into several teams, with some weighing and bagging and the others distributing the rest of the product. As the items are placed in their proper box, it can help to check that item off of the member’s receipt. Once all of the product has been split and distributed, it is a good idea to double check everyone’s box, making sure that all items on the receipt (that were delivered) are in the box. Now you’re ready for pickup.

Managing Pickup and Checkout

Member pickup can be an extremely social, fun time. That said, it’s also important that the process is organized as multiple business transactions will occur. The longevity of your buying club may depend on financial accuracy, especially in the beginning.

If you’ve opted to place each member’s order in a box, clearly marked with their name, the member shouldn’t have any issue finding their order. It can also help to put said boxes in alphabetical order. It is important to remind everyone that they should double check their order box with their receipt. This will help prevent any issue after they leave.

For checking out, you can have one or many people taking money. Sometimes it can help to have someone walking the line, reminding people the payment options, who to make checks out to and fielding questions. This way, once a member reaches a checkout station, they are as prepared as possible.

As mentioned before, it depends on the size of your club and your preference, but generally its a good idea to have an organized means of tracking who’s paid what? This will be invaluable in the reconciliation step, instead of trying to remember who paid with cash or a check hours or days after the fact.

Some things to keep track of are member name, amount paid, if that amount is paying for other items such as past orders or another members order. Keeping track of cash, check or credit is also helpful. If you are collecting checks, be sure to note the check number.

Once all orders have been picked up and each member checked out one final and important part is left, cleanup. Regardless of if you’re renting, borrowing or own your space, its imperative that there be people tasked with cleaning the space after pickup and checkout. If possible, its good to have these cleaners be someone other than splitters or checkout people, as those people are normally fairly tired by this point.

From there, the money must get to the person who will deposit it into the bank, and the final numbers must be shared with people in the club who’ll need them.

Reconciling the Order

This less communal step is very important to the fiscal health of your buying club. Here, you want to make sure that the amount of money that came in from your members roughly equals the amount you have paid, or will be paying the distributor. Some things to consider are products that weren’t delivered, broken or spoiled products and any price changes in products after the order was placed. There are a whole slew of other possible hang ups in the reconciliation process, but if the checkout process was organized and well recorded, it shouldn’t be anything insurmountable.

If there are any discrepancies, you’ll possibly have to contact the distributor and determine a solution and/or alter credits or debits on a member’s account. Like any business, you’ll have to determine your own threshold when dealing with losses.

Case study: The Ujamaa Food Coop Food Buying Club is a program of the Detroit Black Community Food Security Network. Through this program, members of the club are able to purchase a wide variety of healthy foods, supplements, and household items at very discounted prices.

Every four weeks, members submit orders through our vendor, United Natural Foods (UNFI), which is the largest natural foods distributor in the United States. Each member receives a user name and password, with which they can log into the UNFI web site, browse products and choose items to order. Their orders are submitted electronically, and are delivered to the Detroit address of the food buying club.
UNFI has an extensive selection of items to choose from, including bulk beans, nuts, and grains, frozen and refrigerated items, cereals, vitamins and supplements, soaps and detergents, etc; anything available through popular local health food stores is available through UNFI, except for fresh produce which is supplied to the group by a farm.

 

Refer a Black business to someone else

Marketing a business is expensive and time consuming. Word of mouth has proven to be the most effective way of giving some shine to a Black business,  so actively and consciously make an effort to recommend and exceptional barber shop, restaurant, retailer, or service provider!

Use social media to re-share their content, and engage with others who use the products and services of a company that you like. If you own a business, let us know and we will give you some shine.

Share-A-Ride Ghetto taxi

Unless you live in a city like New York (with excellent public transit infrastructure), if you don’t have a car it can be hell getting around. Public transportation is filthy, crowded, and unreliable. Why not team up with someone in the community who may be unemployed but has a car?

If you are the driver, determine how much the trip would cost in gas using this site, and use that as a basis for charging your customer. Of course, you could do Uber or Lyft, but we are trying to practice group economics by providing a service to the community, earning, and spending our money among ourselves!

This is not a hard idea to put into practice, and judging from the success of both Uber (which made $213 Million in 2014) and Lyft (which made around the same) we could use a service like this. Use our Black Business Directory, or any other for that matter, to advertise your service!

Buy Black but sell to anyone

A self-explanatory statement, but create businesses that cater to everyone. Everyone eats Chinese food. You can find a German BMW in every inhabited country on Earth. Tommy Hilfiger hates Blacks, but will happily sell his clothing to them.

Improve your Financial IQ-Top

Financial IQ

Once you have started making money, the next step is to learn to properly manage it and use it to make more of it. This is not step one, nor should learning about money take the place of action. There are 5 key areas that you should become familiar with:

  • Real Estate
  • Securities
  • Personal Finance
  • Business Systems
  • and Banking

Understanding these areas will help you maximize the money that you are able to make and keep. Subscribe to this site for articles and resources on these subjects written by members of the community that work in these sectors.

Hustle and Persistence

Being Black and “in business” doesn’t mean you will succeed. Nobody owes you anything. Money is hard to come by, particularly in the Black community. To get customers to part with their hard earned dollars, you will need a heavy dose of hustle, business savvy, and a willingness to over-deliver.

Entrepreneurship is hard work. If you’re not struggling then you’re not operating at a high enough level.  From the moment you get up to the moment you go to bed, you want to be over-scheduled and HUSTLING.

There will be setbacks. Blood will be drawn. Friends and family will set you up for failure. Maybe even steal or destroy your ideas. Things will break down. That’s the fog of war. If you cant persist through challenges (and there WILL be challenges) you don’t deserve survival. In this world, only the strong survive. This is a harsh truth, but truth nonetheless.

Source 

Posted on November 9, 2015 By Staff With 2 comments

THE #BLACKOUT #EACHANDEVERYFRIDAY ANNUAL REPORT

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bo2Congratulations!

A complete year has passed since we began #EachAndEveryFriday; a grassroots campaign boycotting and buying from Black Owned Businesses only each & every Friday.  Ending with over 80,000 black households participating, I’m proud to say that we’ve recycled over $120 million & and over a $200 million economic impact (that we can account for)! Congratulations to all who put this Cause over their conveniences. We are just steps closer to creating the economic infrastructure necessary for our culture to operate, hire, and build on its own. The following are estimates of our 1st Annual economic boycotting efforts of #EachAndEveryFriday:

 

Time Period: September 8th, 2014 – September 8th, 2015

Total Facebook participants: 87,700+

Total Official Boycott Days: 53

Minimum Amount of Participation: $20

Minimum Revenue recycled back to our Culture: $123.2 million!

Minimum Economic Impact: $200.6 million!

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In analyzing these figures, here’s some important lessons to we learned:

  1. Look how such a small dedication yielded huge results!

87,700+ (58,000+ from main BlackOut pages & 29,000+ from various affiliate groups) confirmed spending a minimum of $20 per boycott day (53 days officially). In that analysis, our online family alone has made an $200 million minimum economic impact (millions away from other cultures and millions back into our culture’s economy) in our first full year!

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  1. Signs of growth are already present!

There were literally over a thousand of businesses, organizations, community groups, and other entities that are beginning to receive uncounted revenue, donations, investment, client referrals and volunteer assistance from one another as well. Many are also using our leverage here to tackle larger projects to fulfill our needs for economic infrastructure by 2020!

 

 

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  1. It’s not a trend but a lifestyle!

The majority of our boycotters also patronize more than one day a week, making the “$20 per boycotter weekly participation” figure very much a minimum figure. This means that our people are putting their money where their mouth is; not just a “pro-black” trend but a lifestyle change in their spending habits and their effect on our culture’s economic cycle!

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  1. The elephant in the room is being addressed!

As of yet, we have no accurate way to determine the untold sum who participate offline. But we can estimate our potential reach and influence with the numbers we have. For example, the average black family size is about 2.74 per (us census). If we times that by the average friend group size (Dunbar’s number) is 150, each of our 87,700 also has an influential reach of 36.05 million; which is over  80% of U.S.’s black population. What this means is we already have ample amount of networking in the grass roots/social media arenas to make our economic activity grow into the international standard it deserves to be!

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  1. Many are asking “What’s Next?”

Offline activities in various communities are being planned and implemented (cash mobs, specific cultural projects and protests, community gardens, community events, business mixers, etc.). There are also many partnering factions of our economic revolution who also assist in our regional activities on the ground. New campaigns are forming as well; #BBEFiveDollarChallenge is now this year’s goals to build savings towards the time to come! Many are also opening accounts with black owned banks and starting businesses and institutions with our people in mind. There are also groups working on creating a complimentary currency to employ, trade, invest, & finance our own developments.

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The vision for 2020 is to have our black dollars recycling at a minimum of 20% of discretionary income by 2020 (NOTE: If you’re already boycotting #eachandeveryfriday, you’re already more than half way there!).  At that economic recycling level, we’d have enough economic resources & capabilities to buy/sell to one another virtually any product, anytime, anywhere; all while providing employment and ownership.

 

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Conclusion:

Family, be of good courage!

Power is in the Love and Action for one another; not the circumstances and reaction for others! Because when the circumstances and reactions fade, those rooted in then fade right along with it! We’re creating the demand necessary to build real economic infrastructure that ….

– Gives black retailers the leverage to become black Distributors and Suppliers; hiring our people by the hundreds and thousands!

– Empowers black entrepreneurs to create new businesses and long term employment for our people!

– Engages our people to form Co-Ops and CDCs to possess Both Ownership & Accountability for our communities!

 

And we’re just getting started! So, when you see anyone talking black empowerment, tell them to put their money where their mouth is!

 

Sincerely,

Rashad H. Elliott

EVP, Black Tie Business Solutions, Inc.

 

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buyblackmove_n

 

BLACKOUT International Boycott  was such a huge success! [WATCH THIS VIDEO] http://blackoutcoalition.org/blackout-a-huge-success-black-businesses-report-an-increase-in-sales-nationwide/

The ball is rolling and it can’t be stopped! We kept the momentum going #eachandeveryfriday.

Continue to invite and share with others! Go to the website for business directories & local resourceshttp://eachandeveryfriday.com/

Join the largest Economic MOVEMENT OF OUR TIME! @buyblackeconomics.com

We must continue to fight for our rights! The only thing that people respect is our ability to alter their way of doing business. Please join & share.

WHAT IS ECONOMIC FREEDOM AND WHY IT’S IMPORTANT

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Economic freedom is the most essential route to greater opportunities and good standard of living for all in any society.

It is the freedom to select how to create, market, as well as use your own resources, while respecting others’ rights to reciprocate. In simple principle, economic freedom is an engine that drives success and prosperity worldwide and is the distinction between why some societies thrive while others do not.

It is the freedom to flourish and prosper within a nation without intervention from a government or financial authority. People are free to safeguard and protect their human resources, labor and personal property. The practice of economic freedom is common among capitalist states and it involves integrating various other constitutional and human rights to its operation in order to be economically free.

 

Importance of Economic Freedom

 

We cannot over emphasize the importance of economic freedom. It influences all aspect of a man’s life and his environment. When you live in a nation with a high level of economic freedom, it means you will earn higher income or pay, revenues and salaries. There is high reduction in unemployment rate, reduces hardship, brings about higher life expectancies and a conducive atmosphere to operate and live in. It brings about increase in the level of food security and security of individual life and properties.

 

How is economic freedom measured?

 

Indexes of how economic freedom is measured are found in Heritage and Fraser foundation to track economic freedom in the world. The Fraser Institute’s annual report, the Heritage Foundation’s annual report, the Economic Freedom of the World report, is produced in collaboration with Florida State University and Southern Methodist University, and also it evaluates five sub-components to gauge a nation’s degree of economic freedom.

These sub-components include the worth of the government based on income, expenditures and taxes; its legal framework and its protection of the rights to property of individuals; accessibility to money; freedom to move and trade internationally; and regulation of credit, business, and production factors – Land, Labor, Capital, and Entrepreneurship & Wealth.

How it works

 

In any economically free economy, citizens are free to do their business without interference from the government. It reduces inequalities in three prominent ways:

*It increases the rate of employment as well as enhances earnings flexibility: As economic freedom increases, there is increase in employment opportunities and a decrease in unemployment level, helps in the generation of higher revenue mobilization.

*It raises wide range of opportunities: That economic freedom brings about economic growth is essential. Growth typically brings more opportunity and a much better standard of living for everyone in any economy.

*It reduces corruption: Most people get their income from the jobs they do. However, in countries with high levels of corruption people closely related to corrupt officials could use these connections to get favors from them. These connections can help them get some benefits or unique and special treatment that others could not have access. Corruption is a bad disease and takes good things away, wastes limited sources and lowers the level of economic freedom in any society.

The impact of economic freedom on inequality is merely this: one of the most financially cost-free nations is also some of the equal. A nation cannot be referred to as economically free if it does not allow its citizens to operate in an atmosphere free from its interference and free from the introduction of some limiting economic policies.

business200x300-200x300What should we do to obtain it? 

Economic freedom, not “economic equality” must be our goal.  Equality requires measurement; it requires the party seeking equality, by default, to elevate someone else and seek his standard and his approval.  It also requires an effort to be accepted by the party to which one aspires.  It makes little sense to get into that game because every time we reach that standard it can—and will be changed to an even higher standard.

Economic freedom is the clarion call in years past and now.  Many have propagated that message and we have yet to heed it in a collective manner since we lost our minds over politics in 1965.  Economic freedom means setting our own standards, and not having to meet those set by others.  Economic freedom means the ability and willingness, and dare I say eagerness, to create jobs for our children.

Economic freedom means that we have multiple streams of income that can, of course, empower us individually and then empower us collectively.  Economic freedom means producing, manufacturing, and distributing; it means owning natural resources to whatever extent possible and vertically integrating our businesses.

Economic freedom, as Claud Anderson advocates, means aggregating our dollars and utilizing them to our own advantage rather than some else’s.  Economic freedom means what Pastor Jonathan Weaver and the Collective Empowerment Group are doing: leveraging the large number of church members and their spending capacity, and obtaining reciprocity from the marketplace.   Economic freedom means, as S.B. Fuller and Malcolm X said, “Control.”

The new black economy is the transition
from mostly a service-based economy to a
manufacturing, distribution and
retail-based economy.

Are you ready to achieve this? Join the movement @ buyblackeconomics.com  

Lynn – Creator of BuyBlackEconomics & BBNomics Crowdfunding Site. Pres. BBEIC Economic muscle & brain behind — I’m on a mission!

 

Posted on August 5, 2015 By Staff

TAKE THE 30-DAY ECONOMIC CHALLENGE

Economic Challenge

Take the 30-Day Economic Challenge

In the next 30 Days, do something that you’ve never done before

  1. Take the 30-Day Economic Challenge

    1. Get a US Passport  —  Get a US Passport (DON’T DELAY)

    2. Open an investment account

    3. Learn to code

    4. Review your finances and make some adjustments.

    5. Travel to a different country, next stop Haiti?

    6. Raise money on a crowdfunding site, preferably BBNomics

    7. Travel to Silicon Valley and ask for venture capital to start your business

    8. Take a trip to Wall Street and kick down some doors

    9. Reach out to some Black Investment groups, kick down some doors.

    10. Mentor someone

    11. Invest in gold or platinum

    12. Start a Roth IRA

    13. Write your will

“Next year at this time, you will wish you would have”… PG

 

 

Posted on November 15, 2014 By Staff