Category: Local Business

Urban Redevelopment Across the Midwest

Introduction

There is a renaissance occurring across the Midwest with the miracle in Cincinnati’s Over-The-Rhine and now moving to Gary, Indiana’s central business district. Gary once a large and prosperous. One hundred years ago Gary, was a new settlement on the south shore of Lake Michigan nicknamed the “city of the century.” Gary was founded and funded by the industrial colossus U.S. Steel—chairman Elbert H. Gary, for whom the town is named.

Classic Rust Belt

Today Gary is a Rust Belt city with a predominantly African-American working class population points to its perception not as an historic boomtown, but a city left reeling when the manufacturing left. Gary stand as a model for the failing Midwestern industrial town  with white flight and the disorderly departure of industry in the later half of the 20th century resulted in a lack of jobs and development. But the promise of the city and community needs vision for revival that could apply to other working class cities on the ropes.

Urban Renaissance

There is today a focused on blight busting and targeted development, attempting to inject optimism back into the town and its citizens. A number of new community initiatives and institutions, including ArtHouse, run by Chicago’s Theaster Gates, are using art as a catalyst for urban renaissance.

Francine Anderson

Francine Anderson is the youngest in a family of 5.  er father migrated to Chicago from Greenwood, Mississippi.  Her mother migrated to Chicago from Brookhaven, Mississippi.  Both were fleeing the racism, violence, and lack of opportunity that plagued the south. Francine worked in corporate finance as a financial analyst after completing her BA in Finance at Clark Atlanta University.  She later worked as an Illinois Realtor while investing in properties in Chicago’s Englewood and Washington Park neighborhoods.

Lakichay Nadirah Muhammad

Lakichay Nadirah Muhammad affectionately known as “The Queen of Self Improvement” and “The Wellness Angel” has an extensive background in the healing arts. This international bestselling author, speaker, earth steward and community leader is committed to the awakening and refinement of the indigenous family. With an extensive background and training in the world of Real Estate Investing, Philanthropy, and Community Building this wife and mother is able to effectively marry her skills to aid in the transformative rebirth for individuals, families and communities.

More Gold Investors, LLC

Enter More Gold Investors, LLC to put their own brand of redevelopment on downtown Gary. More Gold Investors consist of a pair of highly skilled and experienced real estate developers that have combined forces to bring the redevelopment of 624 Broadway with approximately 6,250 square foot retail development space.  The project is located on Gary’s main downtown street, Broadway, and is walking distance from City Hall, the Metra Train Station, US Steel, and the city’s minor league baseball stadium. The project site is on the west side of Broadway Street, midblock, near the Centier Bank Building.

The Convergence of Locavesting and CrowdInvesting

When we look into the investment portfolios of most individual investors we will find stocks and bonds of large multinational companies that very often send jobs and profits overseas. The new retail investor class that crowdinvesting creates is very cash rich and rarely finds itself being invested in local businesses that as stated above are the economic drivers of communities. How do we change that dynamic? How do we channel more capital to productive use—to the small businesses that create jobs, spur innovation and build strong local economies? Well, crowdinvesting is the vehicle that will be able to transfer this capital to small local businesses and real estate development.

Place-Based Impact Investing and Crowdinvesting

Introduction

For far too many years we, as a distinct demographic, have been looking to government and philanthropy to help relieve the vast concentrated poverty and benign neglect that has been signature of inner-city communities of color for the last 60 years. Today crowdinvesting has ushered in a new day that will allow our communities to pool our extensive purchasing power to begin the investment process and lead our communities into decades of economic and political prosperity.

Place-Based Impact Investing

Place-based impact investing has a focus on specific local or regional communities and is seeing renewed interest with the growing community capital, local investing, and crowdinvesting movements. Place-based initiatives for poverty alleviation and economic development are not new, but decades of philanthropic and public policy initiatives have rarely yielded the scope and scale of impact required to reverse decades of neglect and economic policies that crippled inner-cities. An impact investment goes a step further, it must offer to reduce homelessness, or break a pattern of criminal behavior, for example.

Multi-Stakeholder Approach

A major component of place-based investing is that it involves diverse, coordinated sources of capital that require multi-stakeholder engagement and collaboration. Using a multi-stakeholder approach and the layering of capital from diverse entities reduces the risk and inserting Regulation Crowdfunding campaigns into the mix opens the investment to the community that will be impacted to participate and build wealth along side of the impact investors.

Community Development

This will also provide an opportunity for the development of human by allowing to community member to be developers, contractors, and the bulk of the workforce. This empowers the community in multiple ways that teaches a person to fish! Crowdinvesting supported by impact investing and community capital provides an infrastructure for a worthwhile approach for job growth, innovation and business development.

Takeaway

There is also the wealth building and market principles that will allow corporations, banks, and foundations to invest as partners that have an incentive to see these communities become successful and not to view them as charity cases that will never become sustainable. The impact investment in entrepreneurship and real estate development creates a new dynamic between stakeholders and communities of color in inner-cities. Community capital, localism, and crowdinvesting  working together to improve the quality and functioning of local economies will improve cities all across the nation.

Thanks to These 56 Black-Owned Companies That Offer Shared Co-Working Office Spaces, You Don’t Need Your Own Office Anymore!

 

All in all, there are at least 56 Black-owned businesses that offer shared co-working office spaces in urban communities around the country. Their goal, according to Motherboard is to “provide more than conference rooms, Wi-Fi, and limitless coffee.” Instead, “they are built to give black entrepreneurs a safe space to find themselves in the work of innovation where they have largely been excluded.”

Real-estate centric coworking spaces are about selling desks first, with building community as a secondary goal. Owners of such services usually target freelance professionals, remote workers, and small to medium enterprises who need a space and seek a community with a collaborative spirit.

Here are just 5 of the many Black-owned ones that exist:

#1 – Black Space NYC: Based in New York City, this a collective of young, Black changemakers, systems thinkers, learners, and lovers. By bridging the gaps between policy, people, and place, their platform allows for the greater understanding, access, and cooperation needed to address inequality and injustice.

#2 – Inclusive Innovation Incubator: Based in Washington, DC, this is the first Black-owned community space focused on inclusion, innovation and incubation. The incubator is committed to creating a collaborative environment where under-resourced members have access to the space and services needed to build or grow a successful business.

#3 – Space Called Tribe: Based in Miami, Florida, this is a Black-owned collaborative shared office/co-working space that also houses an urban innovation lab for under served high growth minority entrepreneurs.

#4 – Vector 90: Based in Los Angeles, California, this is a Black-owned hyper-modern industrial-style space with hot desks, a kitchen, and private conference rooms. They give their members the freedom to build their plans from the ground up.

#5 – The Gathering Spot: Based in Atlanta, Georgia, this Black-owned co-working space serves as a hub of diverse collaboration, connections and experiences uniquely positioned to build the future of what community looks like. Frustrated with an inability to find “space and community”, the two founders came up a concept that would “gather” people from all walks of life under one roof with a unique mix of activities.

For the full list of all the Black-owned co-working office spaces, visit:
www.medium.com/theplug/an-almost-comprehensive-list-of-black-owned-co-working-spaces-70c5d086f9ec

Source: http://blog.blackbusiness.org/2018/08/black-owned-companies-offering-shared-coworking-office-spaces.html#.W3WNOOhKhPY

Posted on August 16, 2018 By Staff With 0 comments

TOP 5 BLACK -OWNED HOME DECOR AND FURNITURE

8290309_orig

TOP 5 BLACK -OWNED HOME DECOR AND FURNITURE STORES 

Looking for  home decor and furniture near you, preferably from a Black-Owned business? There are plenty to choose from. If you are looking for custom furniture & help with room plans & design, come visit these companies first, who knows, you may find what you are looking for.  You’ll love the price and quality.

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

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

#3 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.

#4 Lakay Deisgns located in Miami, FL & OH. Home is home, and all areas of the home must be ‘home’ to the occupants.  Lakay Designs Home Decor, a first of its kind African Decor Business, which specializes in using African Prints and Designs for home and business.  Nothing however can make any home attractive except the unique decor of the home.

#5 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.

So, next time you’re looking for home decor, accessories and furniture; look for the small business owner who happens to be black.

Let’s continue to make this movement for #2millionjobs on #eachandeveryfriday grow. Don’t you think our youth deserve us setting up a foundation for them to live comfortable lives? Ponder on that the next time you’re ready to make a purchase.

 TOP 5 BLACK -OWNED HOME DECOR AND FURNITURE STORES 

Posted on January 31, 2018 By Staff With 6 comments

Join The Celebration October 30 is National Dashiki Day!

14492405_1268861609843135_5208595518636788890_nNational Dashiki Day

Oct. 30 is National Dashiki Day — a day of cultural celebration to the colorful garment that was adopted by African-Americans in the 1960s and 1970s as a symbol of pride, awareness, independence, and power. Although the loose-fitting pullover garment traces its roots to West Africa, it found a place in America during the post-civil rights era of the late 1960s during the black power movement.

National Dashiki Day takes place on Oct. 30, 2017, where it is referenced across the internet, including 10000’s of mentions on Twitter. Facebook & Instagram.

To join in, all you have to do it wear your Dashiki on October 30,  and make sure you join the parties in every city participating in this beautiful festival.  Muslim, Christian, Jew, black, white, red, brown or blue. Whatever or Whoever you are-Stand-Up and Stand-Out against hatred, racism and spiritual persecution! Gather your neighbors, friends, relatives, co-workers and participate in the National Dashiki Day. Wear yours to work, shopping or school. Anywhere and everywhere! Get creative! Host the˜best dashiki’ contest. Get the kids involved! Then post your pics on all over social media and on the net.
Do you need a Dashiki but don’t know where to find one? Check out Lakay Designs, they specialize in everything African Inspired. Don’t forget to support Black Businesses in the process, Lakay Designs is one.
#NationalDashikiDay

October 30, 2017

More info on Dashiki Day can be found on the Wiki page for Dashiki, or on social media  ‘About National Dashiki Day,’ via Twitter & Instagram, use ‘#DashikiDay,’ “#NationalDashikiDay.

Posted on October 4, 2017 By Staff With 2 comments

Compton’s First Ever Black-Owned Business Celebrates 60 Years

 

More than 100 local residents recently gathered together to celebrate the 60th anniversary of Naka’s Broiler, a Black-owned restaurant which also happens to be the first ever Black-owned business in Compton, California.

A lot has changed in 60 years

Naka’s Broiler was founded by Katherine Banks and her husband in 1956. Banks was a mother figure for many black students back then, and made sure they had a safe place to eat lunch, after which she ushered them safely back to school. It was a different era, filled with racism in the predominately white community. Even the location of the restaurant on the northwest edge was as far away from whites as they could get.

The restaurant was (and still is) across the street from Centennial School, where many black students came to eat after school. Interestingly, the school itself was also located at the far northwest edge of the city. Stanford history professor, Albert Camarillo, states it was intentional to keep black students away from Compton’s white students.

A good example for the community.

Local residents say that Banks has always been an excellent example for others as a Black entrepreneur and community leader. The celebration of the 60th anniversary of Naka’s Broiler included both teachers and students so that the students could learn about the history of the restaurant and it’s importance to the community.

The restaurant is still going strong, having been recently purchased by another local Black entrepreneur, David Fisher. Fisher says that she taught him well about the business, and that he feels like her adopted son.

Visit the restaurant at 961 W El Segundo Blvd, Compton, CA 90222 or learn more about them online at www.yelp.com/biz/nakas-broiler-compton/

 

Source

Posted on January 9, 2017 By Staff With 1 comment

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

black_business_man_mentoring

 

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

EVERYTHING YOU NEED TO KNOW ABOUT BLACK BUSINESSES

Image of happy young businessman looking at camera at workplace in office

Where are most Black businesses located?
Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19%.

The state of New York, however, has the most Black-owned firms at 204,093 but this only accounts for 10.6% of the businesses in the state. Second is the state of Georgia, third is the state of Florida, and fourth is the state of Texas with the most Black-owned businesses but not necessarily the highest ratios.

What types of businesses do African Americans own?
Well, it varies, but most offer some type of service, opposed to selling products. For instance, nearly 38% of Black businesses are in health care and social assistance, repair and maintenance, and personal and laundry services. Other categories include advertising firms, auto dealerships, consulting services, restaurants, beauty-care (barbershops/beauty salons), and more.

How many people are employed by Black businesses?
Not very many. Of the 2.5 million Black businesses, only about 107,000 of them have actual employees. Such firms employ more than 920,000 people with a total annual payroll of $23.9 billion. The other 1.9 million businesses do not have paid employees.

Who are some of the top Black-owned businesses?
There are few Black-owned firm that generate billions of dollars in annual revenue, but many that generate millions. For instance, GlobalHue, an advertising agency in Detroit, Michigan, generated more than $480 million in revenue in 2015. RLJ McLarty Landers Automotive Group, a chain of car dealerships throughout the country, generated more than $540 million in 2015. And, World Wide Technology, a global technology consulting firm and the largest Black-owned business in the country, posted revenues of more than $2 billion.

Why are there so few Black businesses?
It’s true that the numbers should be higher. African Americans make up more than 13% of the U.S. population, but only own 7% of the businesses there. The answer to this question will vary depending on whom you ask, but most agree that racism, discrimination and predatory lending are all factors because many aspiring Black business owners have been unfairly turned down by bankswhen applying for small business loans.

Another factor is that there is a lack of economic and business resources in African American communities. This leads to a lack of education on how to properly start and manage a successful business.

Are there resources available to help?
Yes, there are many programs available to assist African Americans and other minorities. Banks like Wells Fargo and Bank of America have special lending programs that make sure that African American business owners are getting the loans they need. Many non-profit organizations give grants and free training via workshops to minorities. In addition, many Black business events (conferences, workshops, etc) offer unique opportunities for African American professionals to network with key decision makers and others who can be of assistance. Finally, there are many magazines that offer weekly or monthly news and advice for Black and minority business owners.

EVERYTHING YOU NEED TO KNOW ABOUT BLACK BUSINESSES

Posted on March 10, 2016 By Staff With 1 comment

In 20 Years, Black-Owned Women Businesses Have Skyrocketed More Than 300%

black_women_fastest_growing_business_segment

It’s official; the growth in the number of businesses owned by black women is off the charts! The growth has reached 322 percent since 1997. In fact, businesses owned by African-American women represent the fastest growing group of entrepreneurs in America, according to a new study.

African-American women the fastest-growing entrepreneurs

The latest report, the 2015 State of Women-Owned Businesses Report, showed that black, women-owned businesses grew 1.5 times more than the national average for business growth between 1997 and 2015. Their skyrocketing success has resulted in:

  • Generating $52.6 billion in revenue
  • Employment for 300,000 people


Black women own almost half of all black-owned businesses

Black women own about 14 percent of all businesses in the U.S., or approximately 1.3 million businesses. They are also the owners of 49 percent of all the black-owned businesses in the nation. And as their businesses grow, so does their clout. In states such as Georgia (35 percent), Maryland (33 percent), and Illinois (22 percent), these entrepreneurs represent greater percentages of women-owned firms than the national average, which is 14 percent.

Given the steady growth of black-owned women businesses, it’s likely that we will continue to see these numbers grow, along with increased economic power and influence for these amazing entrepreneurs.

 

AFRICAN PRINTS & DESIGNS FOR YOUR HOME AS WELL AS EVERY DAY LIFE.

Sponsor: AFRICAN PRINTS & DESIGNS FOR YOUR HOME AS WELL AS EVERY DAY LIFE.

Source

Posted on March 8, 2016 By Staff With 1 comment

NEW BLACK OWNED GROCERY STORE IN NORTH BATON ROUGE, LOUISIANA

Sav1-978x652

NEW BLACK OWNED GROCERY STORE IN NORTH BATON ROUGE, LOUISIANA

North Baton Rouge has seen over the past decade several grocery stores leave and none come in to replace it, so this store is a huge step in the right direction. With that step comes the responsibility of the community of north Baton Rouge to support this business and help it flourish. By doing so, the community says to businesses that they can sustain in an urban market.

Sav3-200x300

Tyrone Legget franchisee of Save A Lot Grocery store at 12250 Plank Rd. in north Baton Rouge. Photo by Tamara Williams director of photography for TRC.

The reality is that over 25,000 people a day drive past the location where the Save A Lot store is now opened. The potential is limitless, if we simply are willing to engage and spend at the store.

As an African American business owner, I understand the difficulty of trying to grow a black owned business. It often comes with unique challenges, but a supportive consumer base changes all that. It also gives a great opportunity for the residents of north Baton Rouge and those who support economic development happening in north Baton Rouge to go by the Save A Lot store and do your shopping.

 

Photo by Tamara Williams director of photography for TRC.

Photo by Tamara Williams director of photography for TRC.

 

Source: http://therougecollection.net/therouge/new-black-owned-grocery-store-in-north-baton-rouge-lets-do-our-super-bowl-party-shopping-there/

Posted on February 11, 2016 By Staff With 30 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.

###

Media Kit

PDF PR 

Mathematical Economics 

Posted on January 27, 2016 By Staff With 19 comments

BLACK MAN, TURNS A PASSION FOR SOCKS INTO A BOLD BUSINESS IDEA

KimichSocks

Yes,  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. Website: http://kimchisocks.com/

Kimchi Socks is here to take care of your gift giving needs when flowers and candy is not enough. Kimchi Socks is working to become the leader in helping family members, long distance friends, professionals, and digital nomads send gifts remotely. Relationships are important personally and business wise. When you are busy and not at near to build those relationships. You need Kimchi Socks’ help. You need something that you can send as a good gesture from you care. You don’t want to send flowers because they die. You don’t want to send candy because the moment they eat it, you are no longer on their mind. You want to send socks as a gift. This is something they can wear often year round. Also, when people ask them about the cool Kimchi Socks you sent them, they will think and mention you. I am a 28 years old black man from New Orleans. I am currently in the Air Force stationed in S. Korea and I run this business part time but in 2017 I will leave the Air Force. I am hoping for this business to support my family while I go back to University of New Orleans for Computer Engineering.

ks2

Kimchi Socks not only sells socks but we also sponsor social projects with a portion of our profits. Below are the projects we sponsor because we believe in the positive mission they are set out to achieve. Therefore, you are not only buying socks but also helping us make the world a better place.  http://kimchisocks.com/index.php/about/who-kimchi-socks-sponsor/

BLACK MAN, TURNS A PASSION FOR SOCKS INTO A BOLD BUSINESS IDEA 

Make sure to join Kimchi Socks on all social media:

Website: http://kimchisocks.com/

Twitter: @KimchiSocks 

IG: @kimchisocks

Facebook: Kimichi Socks

And since it’s Friday, make sure you gift a pair today!

Kimchi Socks is one of the many small business taking on the challenge to create #2MillionJobs in America. This is how we create our own solutions to our own problems.

Posted on January 22, 2016 By Staff With 1 comment

Oldest Black Owned Travel Agency in the United States

black_owned_travel_agency

The honor of being the oldest, continuously operating, African American owned travel agency goes to Rodgers Travel Bureau, located in Philadelphia, Pennsylvania.

Rodgers Travel Bureau opened their doors in 1949. The company was started by Harold Rodgers, an African American medical student who was working as a porter for TWA at Philadelphia International Airport to help pay for medical school. He knew the business well, and when he opened his agency, he was the only black-owned travel agency in the U.S.

Business booming

Business was booming, largely due to Rodgers’ loyal black customer base. Rodgers provided a valuable service for black customers at a time when the “whites only” segregation rules made it difficult to impossible for blacks to travel. Even after desegregation, his customers remained loyal. By the late 1960’s, the company was able to open a Rodgers Travel location in Washington, D.C. that targeted affluent African Americans and was a great location to black organizations who had headquarters in D.C.

Changes — all good

In 1954, William Griffin purchased the business from Harold Rodgers and soon added partner Fred Russell to manage the business. By the 1970’s, Russell’s daughters Norma Pratt and Joanne Ussery joined the management team. When their father passed away in 1980, his two daughters took over. It was now company president Norma Pratt who took the lead to secure the company for further growth. She took advantage of SBA’s 8(a) business development program to enter into the federal government marketplace. In 1991, she bid on and received Rodgers’ first federal government contract – a $10 million per year contract servicing Scott AFB.

The company is pleased that they have not only secured a place in history but also secured the future of the company.

For more details about Rodgers Travel Bureau, visit www.rodgerstravel.com

Oldest Black Owned Travel Agency in the United States

 

Source: Blog.BlackBusiness.org

Posted on January 19, 2016 By Staff With 0 comments

Top 8 Black-Owned Restaurants in Baltimore, Maryland

black_owned_restaurant_baltimore_maryland

Top 8 Black-Owned Restaurants in Baltimore, Maryland

The Baltimore area is know for great food, whether it’s the fresh seafood, tasty desserts, or the delicious soup and sandwiches. If you are planning to visit Baltimore, Maryland, or if you live there already, it’s good to know where to find the best black-owned restaurants. Not only will you be supporting minority business owners, but you will find that the food is so good, you’ll want to come back again and again.

Here are seven amazing black-owned restaurants in Baltimore:

#1 – Terra Cafe: This community-centered and family oriented restaurant, founded by entrepreneur Terence J. Dickerson (pictured above), offers a wide range of delicious food, and a menu complemented with daily specials and seasonal items. The restaurant is also a commonly-used gathering spot for local artists, college students, and more.

#2 – Southern Blues: Soul food at its best can be found in the heart of Baltimore at Southern Blues. This popular restaurant, opened in 2000, serves favorites like barbecue chicken and ribs, cornbread, collard beans, sweet potato pie, banana pudding, and lots more.

#3 – Darker Than Blue Cafe: This restaurant opened in 2007 and serves country cuisine and jazzy music 6 days a week. Their specialties include cornbread with sweet potato and honey butter, Cajun shrimp and oven fried salmon cakes, grits, oven roasted Free Range Chicken with macaroni and cheese, glazed sweet potatoes, and sautéed spinach. (CLOSED)

#4 – Fresh Fresh Seafood: If seafood is your bag, guess what this restaurant serves? You’ll find all kinds of seafood, including gumbo, shrimp, crab, catfish, and delicious sides like mac and cheese, collard greens, and sweet potato fries.

#5 – Dessert Fantasies: If you have a real sweet tooth, you must try the cupcakes at Dessert Fantasies. Owner Tosha draws customers in with her row house with the bright pink accent wall. Once inside, you’re hooked with cupcakes like strawberry shortcake, banana pudding, blueberry lemon, cookies and cream, smores, red velvet, and oh, ice cream, too!

#6 – Flight Restaurant & Bar: For a nice relaxing dinner, try Flight’s varied menu, which includes vegan dishes. They will accommodate special dietary requests, too. Whether you go for happy hour and appetizers, soup and sandwiches, or a dinner entre, you are sure to find a wide selection of home cooked favorites.

#7 – St. Mary’s Restaurant & Bar: For a peppy atmosphere along with authentic Jamaican cuisine, try St. Mary’s located in the beautiful Charles Village neighborhood. From roti to wings, oxtail to Codfish Callaloo with bananas, fried dumplings, and fried plantains, you will love the Jamaican cuisine as well as the reggae music on Saturday nights.

#8 – Shareef’s Grill (House of Wraps): This restaurant is known for their healthy grilled shrimp wraps. They use all fresh ingredients, which is probably why you see their food truck all over town.

Top 8 Black-Owned Restaurants in Baltimore, Maryland

Source: Blog.BlackBuisness.org

Posted on January 18, 2016 By Staff With 0 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

THE #BLACKOUT #EACHANDEVERYFRIDAY ANNUAL REPORT

 bo1

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!

bo4

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!

bo5bo6

  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!

 

 

bo8

 

  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!

bo7

  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!

bo10

  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.

bo11

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.

 

bo12bo13

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.

 

blackout-header-new-header1

 

 

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.

BLACK JOBS AND ACTION PLAN

BLACK JOBS & ACTION PLAN

How many Black Owned Businesses?

How many Black Owned Businesses?

Attention community leaders and organizers. Tired of protesting, marching, and organizing with little or no results? The root of most of the problems your community faces stems from racism and the lack of economic opportunities. While you can’t make a racist get some sense overnight, you can do something about economic opportunities in your community right now. Use your organizing skills to build economic independence without begging for money or help from the government or white-owned corporations.

Here’s how…

Pick a community that is predominately Black.  Take an inventory of all the businesses that exist in that community. Make note of any businesses that are missing (grocery stores with quality produce sourced from Black farmers, gas stations, construction companies, department stores, solar panel installers, banks and ethical financial services companies, private security companies, etc.). Take note of which of the existing businesses are Black-owned. Go down the list of non-Black-owned existing businesses, prioritizing businesses that sell basic necessities first (food, energy/gas, water, clothing, shelter), and start boycotting them one by one.

 

all black everything

All Black Everything

For example, if the local grocery store is not Black-owned, find a Black grocery store executive with experience running a store. Get her to help you write a business plan on how to finance, staff, and run a store. Raise money from people in the community (churches might be able to help with this if you can find a pastor that hasn’t lost his mind and sold out…very rare these days, but worth a shot). Get everyone in the community to stop shopping at that store. Provide transportation to another store temporarily if people have no alternatives. With no customers, the targeted store will quickly go out of business. If they don’t, resort to more aggressive measures to “encourage” them out of business.

Once they are ready to close the business, come in and buy it for pennies on the dollar. Re-open as a Black-owned business that is socially and environmentally responsible. Train and hire people from the community to help run the business. Use the profits from the business and community funds to help acquire the next business on the list described above and start new businesses that need to be started. Source products and raw materials from other Black-owned companies or African companies whenever possible. Repeat this process until most of the businesses in the community are Black-owned and community-owned. Use profits from those businesses to fund institutions that empower the community (free clinics, independent Afrikan-centered schools and training centers, etc), security, and infrastructure.

This plan has worked for other communities. This plan has worked for Black communities in the past. This plan will for Black people today with some updates to the current environment and learning from past mistakes. We have the knowledge and skills available in our communities. Whether Black people have the will and intestinal fortitude to go through with it is the only question. Your current so-called leaders will probably not support this. They are token leaders, put in place by people that do not care about you. Pick new leaders that have relevant experience…so no lawyers, academics, pastors, or politicians.

Now Hiring!

Now Hiring!

Finally, some people will call this strategy reverse racism. Some will call it divisive. It probably is, get over it. News Flash: Black people did not create these artificial divides…but we do have to live with them until the rest of humanity evolves to understand and practice what Black people have always understood…that we are all human and we are all connected. Every other community engages in this self-interested behavior…it just comes natural to them, so they don’t have to make it so blatant, but the result is the same. Frankly, it is sad that this has to be spelled out like this, but being politically correct apparently hasn’t worked so far.

Name calling is for children. Let the children call you whatever they want as long as they stay out of your way while you direct your own destiny. If people want to slap a label on you, then so be it. So what! If they stand in your way, remove them from your path. Grow up, stand up, and make your own way or be content working for those children for the rest of your life.

Our resources:

If you are forming a local group, please contact us Buy Black Economics.

Black Business Coaching: BLK Business

Funding Sources: BBNomics 

Crowdfunding is an effort to create a self-help approach to the funding issues BOB’s face in this current market.

BLACK JOBS AND ACTION PLAN

 

 

Posted on September 9, 2014 By Staff

BLACK OWNED WEB DIRECTORIES

each and every friday

 

The following is a list of web directories, these directories need our support and our efforts.

Please take the time to add your business (product or service) and most of all share them with friends and family.

BLACK OWNED WEB DIRECTORIES

Black Commerce

http://blackcommerce.org/

Afro Gold Pages 

http://www.afrogoldpages.com/

AZBP

http://www.azbp.com/

Atlanta Black Business Directory

http://atlantablackbusiness.com/

Back To Black Business Directory

http://www.backtoblackbusinessdirectory.com/

Baltimore Black 

http://www.baltimoreblack.com/

BMoreBlack 

http://www.bmoreblack.com/

Black Business Association 

http://bbala.org/

Black Book Cleveland 

http://www.blackbookcleveland.com/

Black Business List

http://www.blackbusinesslist.com/

Black Business Planet

http://www.blackbusinessplanet.com/

Black Business 

http://www.blackbusinessprofile.com/home/

Black Canada

http://blackcanada.com/businessdirectory.html

Black Contractors

http://www.blackcontractors.org/index.html

National BDPA

http://www.bdpa.org/

Black Dollar Days Task Force

http://blackdollar.org/

Black Economics UK

http://www.blackeconomics.co.uk/

Black Excel 

http://www.blackexcel.org/hbc-list.htm

Continue Reading

Posted on September 7, 2014 By Staff

10 BLACK BUSINESSES YOU CAN START FOR $500 OR LESS!

BOBsLong time statistics have shown that 9 out of 10 new businesses fail in their first year. Lack of planning and financial ruin is one of the most common causes. Starting small is a way to insure minimal risk in new business. The founder of Dell computers was a college dropout on a shoe-string budget who started his business out of his garage. One in three computers sold today is a Dell.

The following is a list of just some of the businesses you can start for $500 or less.

 

1. Housekeeping – Requirements/ household cleaners, mop, broom, vacuum, towels, bucket, business cards – approximate cost $150. Molly Maids is a multi-million dollar business started with a broom, a mop, and quality and reliable service. I can guarantee you that the CEO of Molly Maids doesn’t clean houses any longer.

 

2. Gardening or landscaping – Requirements/ mower, edger, blower, rake, shovel, clippers, business cards – approximate cost $450. Some education won’t hurt you here, but even without it, how much money did you make mowing the neighbors yard when you were young?

 

3. Internet sales – Requirements/ computer – approximate cost $500. It’s likely you already have a computer at home so this just might be the cheapest and easiest business to start. It has been estimated that by the year 2020, nearly all retail purchases will be done over the World Wide Web. Getting on the bandwagon now may set you up for a prosperous internet business in the near future. Look into working with “drop ship” companies to avoid up front expense and storage fees.

 

4. Mobile food service – Requirements/ business cards – approximate cost $30. With a half hour lunch break, employees at many companies have little time to leave work and order lunch. Providing a morning menu for lunchtime delivery can be helpful to these people and provide a good source of income for you. Your job? Call in the order, pick it up, and deliver it; for a fee of course. Delivering 15 lunches to one company at $3 to $5 profit apiece can add up quick. Or how about a hot dog cart at special events?

 

5. Pool service – Requirements/ pool cleaning supplies, start-up chemicals, brush, net, hose, business cards – Approximate cost $400. States with warmer climates have many homes with swimming pools needing weekly care. Service to numerous homes in the same area can net you a small fortune. Business cards on the door or mailbox lets the homeowner know you are available. It may take some time to get a solid clientele, but be patient; established pool service routes can be very valuable if and when you decide to call it quits.

 

6. Consulting service – Requirements/ know-how, business cards – Approximate cost $30. What do you know that might be of monetary value to others? Sell your smarts!

 

7. Delivery service – Requirements/ the car, scooter, or bicycle you may already have/ business cards – Approximate cost $30. A great business within large city limits. Corporations, small businesses, restaurants, etc. may be in need of delivery services. Whether it is paper documents, payrolls, food, or other items, delivery services can be a steady and profitable business.

 

8. Painter – Requirements/ brushes, rollers, edger’s, towels, tarps, business cards – Approximate cost $200. Visit local hardware stores to let them know you are available for work and will purchase paint through their stores. Their referrals may keep you busy for months at a time.

 

9. Handyman – Requirements/ basic tools, business cards – Approximate cost $500. Depending on they type of jobs you acquire in this business, a contractors license may eventually be required. Check with your local and state government offices to determine at what point you will need one.

 

10. Daycare – Requirements/ toys, educational materials, bedding, a safe and clean home, love – Approximate cost $300. This business requires patience and child care experience. If you care for more than three children at one time, it’s likely you will be required to be licensed. Check with your local and state government offices for restrictions and requirements.

Most of these business start-up ideas will require an additional two items you likely already have; an automobile and a telephone. But otherwise, they are super simple and easy to start new businesses suitable for nearly anyone wanting to become self-employed.

The key to having a successful business is to do what you would enjoy doing anyway. Make a list of the things you like to do and follow that with an extended list of ways to make money in a related business. Be creative with your business idea, there are many more options available for you than you probably realize!

 

Source

Posted on July 20, 2014 By Staff With 1 comment

10 METHODS TO BECOME TAX EXEMPT

WE HAVE  METHODS WE CAN — — USE NOW!

THE QUESTION IS WILL YOU UTILIZE THEM TO OUR ADVANTAGE?

ORGANIZE!

 

Picture by Andre' Brown

Picture by Andre’ Brown

10 Methods To Become tax Exempt

CULTIVATE OUR GREEN THUMBS – 

Agricultural and horticultural organizations can claim tax-exempt status. These include groups involved in forestry, raising livestock, harvesting crops or aquatic resources and cultivating ornamental plants.
Others that qualify:

Nonprofit associations that educate people about agriculture horticulture
Groups that test soil and share the results with community members
Organizations that exhibit livestock or farm products

HAVE FAITH –

Churches and religious organizations are generally tax exempt. In this context, “church” means any place of worship, including mosques and synagogues. Religious organizations include ministries and other organizations involved in the promotion or study of religion. Churches that meet the requirements of Internal Revenue Code section 501(c)(3) aren’t required to apply for tax-exempt status, but many still do. The reason? Tax-exempt status lets people know that financial contributions they make to the church are tax-deductible. Churches may become involved in public policy, but they have to be careful. A church that focuses on lobbying (influencing legislation) or becomes involved in a political campaign may lose its tax-exempt status.
LOVE OUR BROTHERS AND SISTERS –

Fraternal orders, societies and associations can apply to be tax exempt. The IRS defines a fraternal organization as one in which members have a common tie or pursue a common goal. The IRS also requires that the group be organized under a lodge system. This means a parent organization and multiple self-governed subgroups (or lodges). Qualifying fraternal organizations may or may not offer their members benefits such as life or health insurance. This depends on the section of the tax code under which they are exempt. Beneficiary fraternal organizations provide such benefits, while domestic organizations divert their earnings to charitable, fraternal or religious causes. If a group isn’t eligible for exemption as a fraternal organization, it may be eligible in another category, such as a social club.

SHARE WHAT WE KNOW –

Tax-exempt educational organizations include a wide range of groups. Primary and secondary schools, colleges and universities are the most obvious candidates. But credit counseling agencies, museums and zoos may also be eligible. An organization must show the IRS exactly how it provides educational activities. This may come in the form of classroom instruction, a lecture series, correspondence courses or museums tours. But organizations claiming to be educational must meet certain requirements. The IRS may decide an organization’s method is not sufficiently educational. For example, a group that presents viewpoints not supported by facts, or informed more by emotion than by evidence, may not be tax exempt as an educational organization.

ENGAGE IN FAIR TRADE –

Tax exemption is granted to trade associations that are groups of people with a common business interest. Trade associations don’t do business for profit or perform services. Instead, to qualify as a trade association, the origination must be involved in promoting the common interest of its members. Included in this category are chambers of commerce, boards of trade, and, perhaps surprisingly, professional football leagues like the NFL. Trade association activities include:

Promoting higher standards within an industry

Producing a trade publication

Encouraging the public to use the goods and services of a particular industry

As you can see, there are a variety of ways to be tax exempt but the parameters for tax exempt businesses and organizations are well-defined.

— — USE SCIENTIFIC METHODS –

Organizations conducting scientific research can qualify for tax exemption if the research is carried out in the public interest. This means they must make the research results — including patents, processes and formulas — available to the general public. Activities that qualify under this exemption would include conducting research to discover the cure for a disease, supporting the scientific education of college or university students, and helping a community attract a new industry to the area. Not included are normal activities related to running a commercial or industrial concern, such as inspection or testing of materials.

SUPPORT OUR VETERANS –

For tax-exemption purposes, a veterans’ organization is a group of members of the U.S. armed forces. At least 75 percent of the organization must be made up of past or present members of the armed forces. A veterans’ organization’s purpose must fall within the IRS’s list of approved functions. Eligible activities include:

Assisting disabled veterans or their dependents, widows or orphans

Providing care to hospitalized veterans

Supporting programs that memorialize deceased veterans

Providing recreational activities for veterans

Offering insurance benefits for veterans or their dependents

Participating in activities the IRS deems “of a patriotic nature”

GET TOGETHER WITH FRIENDS –

For the purposes of tax exemption, a social club must have a limited number of members who meet regularly for pleasure and recreation. It also must be nondiscriminatory regarding race and color. Issues of religion, however, are trickier. A social club may be tax exempt even if it restricts membership to people of a particular religion, if that shared religion is the club’s main purpose. Examples of social clubs include:

Country clubs

Amateur hunting and fishing clubs

Dinner clubs that provide a meeting place for members

Clubs organized around particular hobbies

WORK COLLECTIVELY –

Labor organizations are generally eligible for tax exemption if they meet the IRS’s criteria. A labor organization must be an association of workers collaboratively promoting their interests. Through collective bargaining with employers, these organizations advocate for a range of improvements. These may include better working conditions, higher wages, healthcare benefits and accident benefits. Activities that the IRS considers appropriate for labor organizations include producing a newspaper covering labor issues, maintaining a legal defense fund for law enforcement officers or establishing a union strike and lockout fund.

HELP OUR NEIGHBORS –

Social welfare organizations usually qualify for exemption. These are defined as organizations created to contribute to the well-being of a community. They can take on a range of functions and forms, including:

An association of volunteer firefighters

A membership organization that a real-estate developer creates to maintain common areas for residents of a housing development

An organization that holds annual festivities celebrating regional traditions

An organization that supervises the operation of an airport that serves the public in an area with no other airport

——

Resources:

Directions: Create Black Jobs 

Business Coaching: Ujamaa Solutions LLC

CrowdFunding: BBNomics

 

 

 

Posted on January 3, 2014 By Staff

SMALL BUSINESSES BIGGER THAN YOU THINK

Black_Owned(1)

 

WASHINGTON (FinalCall.com) – Supporting job creation among Black business owners and starting more Black businesses are two solutions to stagnant unemployment numbers in the Black community.

“There are 1.9 million Black businesses in America and 1.8 million of them are sole proprietors, only 100,000 Black businesses have employees. The challenge is growing these businesses to hire at least one employee, that’s 1.8 million jobs,” David Smith II of the U.S. Black Chamber, Inc. told The Final Call in an interview.

Businesses with fewer than 5 employees are called microbusinesses. Since 2002 they have created 5.5 million jobs. While large businesses (500 plus employees) lost jobs between 2009 and 2011, microbusinesses were the only ventures creating jobs during the same period, according to Gina Wood of the Bipartisan Policy Center. She made her comments during the release of a new report by the Association for Enterprise Opportunity, “Bigger Than You Think:

microbusiness_2013.jpg

The Economic Impact of Microbusinesses in the United States.” The report was released Nov. 14 on Capitol Hill and included a discussion of the importance of these businesses.

“Microbusinesses are the engine of job growth in this economy. They are essential to our economy,” said Ms. Wood. “They are the new normal and we must recognize microbusinesses as part of the solution. They are indispensable to the economy.”

The 25.5 million microbusinesses in America range from endeavors of part-time newcomers to business full-timers with more than $50,000 plus in sales and receipts, according to the report. In 2011 these businesses accounted for 26 million jobs in the U.S. economy, the report said.

Those numbers don’t tell the whole story: Another 1.9 million jobs are created indirectly as a result of microbusinesses. The indirect economic impact occurs when a microbusiness buys a computer or supplies, the report said.

Some 13.4 million jobs are “induced” by microbusinesses when owners and or employees make personal purchases, the report added.

“There is a total of 41.3 million jobs attributed to microbusinesses,” said Connie Evans, president and CEO of the Association for Enterprise Opportunity, which advocates for policies and legislation that advance the interests and needs of America’s 25.5 million microbusiness owners.

“This study offers evidence that microbusinesses create a variety of economic impacts, producing salutary effects on families that cut across racial, ethnic, and gender lines. Based on previous insights, we’ve understood that microbusinesses are vital vehicles that put the unemployed to work, help families achieve economic self-sufficiency, and narrow America’s wealth gap,” said Ms. Evans, whose group is based in Washington, D.C.

The report touts microbusinesses as a great equalizer between those with college degrees and those without. College degree holders constitute 52 percent of microbusiness owners, but the report showed no significant difference in median annual sales and receipts for those with degrees and those without. Ninety-two percent of all U.S. businesses are microbusinesses, the report said.

“It’s great to have a small business that turns into Google, but it is also great to have a small business that hires one employee and then hires one more,” remarked Jason Tepperman, director of the Small Business Lending Fund at the Department of Treasury, during the panel discussion.

AEO research suggests that if one in three microbusinesses hired one person—which would equal about 8.4 million jobs—the country’s unemployment problems could be virtually solved through employment and additional economic activity.

5_microbusiness_2013.jpg

The Labor Dept. Nov. 8 reported 11.3 million people were unemployed in America.“We supported this research as part of our racial equity approach. We thought it was important to explore and to document the economic impact and potential of microbusinesses to influence ongoing work of eliminating poverty and improving opportunities for vulnerable families and their children,” said Dr. Gail Christopher, a W.K. Kellogg Foundation vice president.

“The findings make it clear that support for microbusiness development must be part of national and local policy discussions related to equity and racial healing,” she added.

Black microbusinesses employed almost 117,000 people in 2007; the latest year data was available, for a total payroll of about $3.5 billion. Most of these microbusiness owners (1.68 million) were working owners.

The 1.8 million Black owned microbusinesses in 2007 ranged from professional services to health care and social assistance to administrative and support services and manufacturing, which was the fastest growing sector for Black businesses, the report found.

Microbusinesses were described as a viable option for “unemployed persons, persons 50+ and underserved groups such as women and Blacks to attain self-sufficiency amidst a mercurial labor market, and as long-term job stability becomes more elusive. For these demographics, self-employment offers a pipeline to wealth-creation that might not otherwise be possible.”

“Microbusinesses make a much larger impact than they get credit for, making them a vital strategy to any solution for reinvigorating and sustaining broad-based economic growth. We argue they are worthy of continued advocacy for increases in financial investment and policy support,” said Ms. Evans.

Also according to the report, microbusinesses generated approximately $4.87 trillion annually for the U.S. economy and microbusiness owners accumulated a median net worth of nearly 2.5 times higher than non-business owners.

Small Businesses Bigger than you think

 

Source

Posted on November 25, 2013 By Staff With 0 comments

5 Manufacturing Trends Shaping The Future Of Small Businesses

5 Manufacturing Trends Shaping The Future Of Small Businesses
So you want to start a small product-design business? Here’s the good news. The playing field is more level than it’s ever been, and sophisticated social media and digital marketing tools allow for a more intimate connection to your consumer.

If you’re one of the few with that million-dollar idea, here are five key manufacturing trends you should know about to help bring your product to market faster, cheaper, and more efficiently.

1. Crowdfunding. Why borrow money from a friend when you can borrow from a thousand friends? More and more entrepreneurs are looking to harness the power of the crowd to acquire capital, and there’s lots of money to be had. Globally, the crowdfunding industry is projected to raise a staggering $5 billion in 2013.

“It’s a new currency of remuneration,” says Jordan Brandt, Technology Futurist at Autodesk. “Finding ways to incentivize people, give them exposure, and make them feel like they helped in bringing a product to market carries a lot of weight.”

Whichever crowdfunding site you choose, your page is the first place to introduce your product to the masses. Don’t underestimate the quality of a compelling and well-edited video and coherent messaging. But remember, a Crowdfunding page is not a business plan. The road to a successful crowdfunding campaign is littered with stalled or broken-down initiatives that began with a great idea, but fizzled due to a lack of long-term planning.

2. Reshoring. Call it what you want: reshoring, onshoring, distributive manufacturing. With the increased cost and environmental impact of shipping goods overseas, a decreasing wage disparity, and cheaper domestic energy, many businesses are bringing their manufacturing closer to the consumer. All those aforementioned financial factors—coupled with an increased desire for product personalization and a decreased tolerance for waiting around—has resulted in a trend toward local manufacturing.

In the past, small businesses had to latch onto a larger supply chain or team up with other small businesses to get their order numbers high enough for overseas manufacturing. Now that it’s proving more cost-effective to bring everything back home, another phenomenon is occurring: a resurgence of the “Industrial Commons.”

“As easy example would be Detroit in its heyday,” Brandt explains. “Not only did you have the auto designers and the large car companies, but you had the supply chains making the parts for them. Then you had all the logistics organizations making sure everybody got the right part at the right time.”

With big business reshoring, smaller businesses can take advantage of those newly created local ecosystems and thrive domestically. They also get PR points for putting those manufacturing dollars back into U.S. pockets.

3. Additive Manufacturing. As opposed to subtractive manufacturing, which involves cutting or drilling, additive manufacturing is the creation of a three- dimensional object by adding layers. Though the technology has been around since the mid-’80s, it’s affordability as of late has been one of the biggest factors in helping small businesses control more of their manufacturing. Brandt references the origami-inspired Oru Kayak, a double-layered polyethylene vessel, as a perfect marriage of advanced automation, crowdfunding, and collaborative design software such as Autodesk’s Fusion 360.

Attendance numbers for RAPID 2013, the country’s premiere additive manufacturing conference, doubled from its 2012 totals, and the growth isn’t relegated to more traditional manufacturing sectors. Everyone from opticians to aerospace engineers has used additive manufacturing for parts and products, but the biotech and medical communities are parlaying the technology into exciting new ventures.

“[Autodesk’s] bio-nano team is building an open hardware bio research kit that heavily leverages 3D printing to enable garage biologists and inventors around the world to do cellular and molecular scale research at a fraction of the cost traditionally required,” Brandt says.

4. Open-Source Hardware. The universal access and redistribution of information is nothing new to software developers, but with a new community of DIY makers flooding the Internet with unique products, sharing valuable knowledge has become much more commonplace. But as with any close-knit group built around a specific activity or interest, there’s an underlying code of conduct that should be followed.

Taking without giving back is generally frowned upon, as are people who come in looking for catchall solutions to their problems. The use of open-source hardware isn’t meant to be a replacement for domain knowledge; it should merely improve your ability to function in your given field. Further, the community will be much more supportive of your endeavors if they see you as an expert in your field.

Adafruit Industries, founded by MIT engineer and Wiredmagazine cover girl Limor Fried, is an open-source epicenter for small businesses, selling hundreds of electronic kits designed to serve as well as inspire the community. Arizona-based Local Motors promote themselves as a company rooted in “open-source principles,” employing crowdsourced design and technology to produce one-of-a-kind vehicles.

“I think that the risk in crowdsourcing is burning out the contributors,” Brandt says. “They’ve contributed on 25 different campaigns and designs, and at the end of the day, they just don’t get any return for it. Local Motors is dealing with crowdsourcing aspects of the design of their vehicles and rewarding the people who contribute those designs so that they continue to do so.”

5. Advanced Automation. Sensor networks, vision systems, artificial intelligence: These are just a few ways of turning serially programmed, basic automation into advanced automation, and they aren’t as costly as you’d think. Smartphones with built-in features like GPS, compass, and accelerometers can even be an input device for advanced automation.

“Small businesses that say ‘Robots are for the big companies, automation is for high-capital expenditure, I’m not gonna know how to use it.’ Now is the time to rethink that,” reasons Brandt.

Advanced, after all, is a relative term, and doesn’t necessarily translate to expensive. An ammunition reloader, for example, could hook up a sensor that measures the humidity in the room and adjusts how hard the reloader tamps the gunpowder into the shell. The result? A more accurate load. A thermometer installed inside the steamer of an espresso machine that measures the temperature of the milk can mean the difference between a good cappuccino and a great cappuccino. With so much tech available at a reasonable (or even negligible) cost and so many open forums ready to point you in the right direction, it’s no surprise that the small business community is experiencing a renaissance.

Source

Posted on November 5, 2013 By Staff

FRANCHISE OPPORTUNITY

BOBs

We need your services, please spread the word. 

We should create franchise opportunities out of existing fully functional black owned business models. Franchising is a unique business concept and has been in the market for more than 50 years and, for the most part, successfully. It helps business owners to reach more customers and generate more and more revenue. First let’s list your business and then let’s take BOB’s to a whole new level.
ACH Services

Access Control Systems
Accounting/Tax Services
Adhesives
Adoption Services
Adult Day Care
Adult Day Care/Non Medical
Advertising-Newspaper
Advertising-Promotional Products, Services
Advertising/Marketing/Public Relations
Agricultural/Farm Equipment
Air Conditioning (See Heating & AC)
Air Duct Cleaning
Air Filtration Systems
Airbrush
Aircraft Charter
Aircraft Sales & Service
Aircraft Schools
Airport Operations
All-Terrain Vehicles
Alterations
Alternators-Automotive Repair
Amusement Parks
Amusements
Annuities
Antiques
Antiques/Repair & Restore
Apartment Locator/Spanish
Apartments/Management
Appliance Dealers/Services
Appraisals/Personal Property
Arch Supports/Shoes
Architects
Armored Car Service
Art Galleries
Art Supplies (See Specialty Shops)
Assisted Living
Associations
Attorneys, Law Firms
Auctions/Auctioneers/Appraisers
Audio-Visual Equipment
Authentication Services
Auto Auction
Auto Equipment-Service Performance
Auto Glass
Auto Mufflers
Auto Seat Covers, Tops & Upholstery
Auto Tune Up, Oil Change
Auto, Truck Accessories
Auto, Truck Body Repair
Auto, Truck Dealers, New/Pre-Owned
Auto, Truck Dealers, Pre-Owned
Auto, Truck Leasing & Sales
Auto, Truck Repair/Service
Auto, Truck Mfg. & Assembly
Auto, Truck Parts & Supplies
Auto, Truck Rental/Leasing
Auto, Truck Stereo Equipment
Auto, Truck Transmission
Auto/Truck Rental
Automation Machinery Manufacturer
Automated Victim Notification Service
Automobile Clubs
Automobile Detailing & Clean Up
Automobile Inspections
Automobile Machine Shop Service
Automobile Restorations
Automobile/Extended Service Contracts
Automotive Consultants
Automotive Cooling Systems
Awnings & Canopy
Awards & Trophies
B
Baby Gifts
Backpacks
Bakeries
Balloons-Novelty & Decorative
Banks
Banquet Facilities
Barrels And Drums
Barricade, Traffic Control/Rental
Barter/Trade Exchange
Baseball Clubs
Basketball Instruction
Bath Liners
Bathroom Remodeling
Bathtub, Sinks Refinishing
Batteries
Beads/Jewelry Supplies
Beauty School
Bed & Breakfast
Bedrock/Landscape
Beds, Bedding
Beer/Ale Distributors
Benefits Counseling
Bicycles
Bicycles/Four Wheel
Billiard Equipment & Supplies
Blasting Contractors
Bleachers & Grandstands
Boat Dealers/Storage
Boats, Storage/Repair
Boilers
Boilers, Heating Equipment
Bookstores
Bottled Water/Water Coolers
Bridal Registry
Bridal Wear (See Formal Wear)
Brokers/Stocks, Bonds & Securities
Building & Construction Materials/Equipment
Building Components-Insulated
Building Contractors Construction
Building Contractors Remodeling
Building Restoration & Preservation
Buildings-Metal
Buildings-Portable
Bus Lines
Buses – Charter
Business Brokers
Business Consulting, Market & Mgt., Employee Benefits
Business Procurement Services
C
Cabinetry
Cable TV Systems
Cabling/Computer, Fiber
Cabling/Computer, Fiber, Suppliers
Cakes/ Decorating & Candy Supplies
Cakes/ Decorating Classes
Camping
Candles
Canine & Equine Training
Car Wash Equipment
Car Wash/Polishing
Career Consultants
Caregiver Referral Service/Non-Medical
Caricaturist
Carpet Workroom
Carpet, Upholstery, Drapery Cleaning
Castings
Catering Services
Cellular Telephone Services
Cemeteries
Ceramic Studio
Chambers of Commerce
Charitable Organizations
Chemicals
Child Care Services
Children’s Wear & Accessories
Chimney Services
China & Glassware
Chiropractic Doctors/Clinics
Cistern Manufacturers
City/County Government
Cleanes, Mobile Laundry Services
Cleaning Services
Cleaning Supplies
Clinics-Medical
Clocks/Repair
Closet Design and Remodel
Closet Organization
Clothing, Accessories-Mens/Womens
Clothing, Children’s
Clothing, Women’s Accessories & Cosmetics
Clothing/Children’s
Coaching/Personal, Life
Coffee & Tea
Coffee Break Service & Supplies
Coin Dealers/Gold & Silver
Collection Agencies
Colleges, Universities
Comic Books & Collectibles
Compactors-Waste, Industrial & Commercial
Companions/In Home Sitters
Computer Hardware Wholesaler
Computer Networking Specialists/Services
Computer Repair Services
Computer Repair Services/In-Home
Computer Services, Products/Data Processing
Computer Software Development
Computers/ Sales & Services
Concrete Breaking, Cutting, Sawing
Concrete Contractors
Concrete Masonry Products
Condominium Homes
Consignments
Consignments/Furniture & Accessories
Construction & Excavating Equipment
Construction Management
Construction Site Clean-Up
Consulting, Canine/ Equine (Behavioral)
Consulting/ Retirement, Real Estate Feasibility
Consulting, Structural Security Design
Consulting, Training/Technology
Consulting/Non-Profit Organizations
Consulting/Waste Water
Consumer Finance
Container/Storage
Contractors Equipment-Rental, Sales & Service
Controls/Control Systems
Convenience Stores
Convention Service
Conveyors/Conveying Equipment
Copiers/Fax/Duplicating Equipment
Costumes
Counseling/Drug & Alcohol Testing
Counter Tops
Counter Tops/Granite
Country Clubs
Courier Service
Crane Service
Credential Verification
Credit Card Machine Sales & Service
Credit Reporting
Credit Unions
Cutlery
D
Dance Instruction
Dancing Supplies
Dating Service
Day Spa
Debt Management/Counseling
Decks
Decks/Clean & Seal
Decks/Drainage
Demolition/Wrecking
Dental Services
Dental Services/Pediatric
Dentist-Endodontics (Root Canal)
Denture Services
Department Stores
Design/Build
Diesel Engine Components & Accessories
Disabled Access Equipment
Disc Jockeys
Distillers
Diving Equipment and Instruction
Document Imaging
Document Destruction & Shredding
Doors
Doors/Overhead
Drafting Services
Draperies
Drilling & Blasting
Driving Instruction
Dry Cleaners, Launderers
Dry Cleaners, Launderers Equipment
Drywall Contractor
Dumpster Service
E
Electric Equipment Service & Repair
Electric Motor Sales & Repair
Electrical Contractors
Electrical Supplies
Electrolysis
Electronics
Electronics/Industrial
Electronics/Nostalgic
Elevator Sales/Service
Emergency Equipment Sales/Installation
Employee Assistance Program
Employment Agencies
Employment Contractors-Temporary Help
Employment Screening
Energy Efficient Lighting Products
Energy Mgmt. & Conservation Consultants
Engineering
Engineers-Professional-Civil
Engineers-Professional-Consulting
Engines-Exchange/Rebuild/Repair
Entertainment District
Entertainment/Special Events
Entrepreneur Consulting
Environmental Services
Equipment- Rental, Sales & Service
Erosion Control
Errands/Personal Service
Estate Planning
Estate/Antique-Tag Sales
Estate Sales
Events Planning
Excavating
Executive Recruiting
Exercise & Physical Fitness Programs
Exercise Equipment
F
Fabric Stores
Facilities Management
Facility Management Needs
Farm Equipment
Farms
Fence
Fence/Pet Containment, Hidden
Filtering Materials & Supplies
Filters Air & Gas Cleaning
Filters Water
Financial Institution Equipment
Financial Outsource Consultants
Financial Planning Consultants
Financial Planning/Health Professionals Only
Financial Services
Fire & Water Damage Restoration
Fire Protection Equipment
Fireplace Equipment
Fireplaces
Fireworks/Special Effects
Fishing Supplies
Flight Schools
Flooring & Floor Coverings
Florist/Florist Supplies
Food Products, Mfg/Wholesale
Food Services
Foods-Natural
Foodservice Equipment
Formal Wear (See Bridal Wear)
Foundation Repair
Freight Brokers
Fruits & Vegetables
Fulfillment & Mailing Services
Fundraising Games/Merchandise/Sply
Funeral Directors
Funeral Related Services/Supplies
Furniture
Furniture & Appliances
Furniture Reproduction
Furniture Restoration
Furniture/Children’s
Furniture/Outdoor
Furniture/Unfinished
Furniture/Wholesale
Furs
G
Games
Garage Builders
Garage Organizers
Gas & Oil Field Development
Gift Baskets
Gift Shops
Glass Block
Glass Companies
Glass Coating, Tinting
Glass, Mirrors
Golf Cars
Golf Course
Golf Equipment & Supplies
Granite
Graphic Designs
Grills-Gas & Electric
Grocers
Grocery Equipment
Guns
Gunsmiths
Gutters & Downspouts
Gymnastics Instruction
H
Hair Removal/Laser
Hair Replacement
Hair Salon/Spas
Halls & Auditoriums
Handicap/Mobility
Handyman Services
Hardware Stores, Supplies
Hats/Wholesale & Manufacture
Health & Diet Products
Health & Medical Services
Health & Welfare Outsourcing
Health Clubs
Health/Fitness Instructors
Health Products
Hearing Aids & Assistive Devices
Heating & A/C Supplies/Dist.
Heating & Air Conditioning Service/Installation
Heating, Cooling, Plumbing
Hobby & Crafts
Home Builders
Home Builders Consulting
Home Centers
Home Furnishings, Decorating
Home Furnishings/Decorative, Accessories
Home Health Services
Home Improvement
Home Inspections
Home Inspections/HVAC
Home Services –Non Medical
Home Theater
Home Warranty
Homeownership Opportunities
Horse Furnishings & Services
Horse and Carriage Rides
Horseback/Trail Riding
Hospice
Hospitals
Hot Tubs/Spas Service & Repair
Hotel, Motel Lodging
House Slippers
Human Resource Workshop
Human Resource/Benefits Admin
Human Services Organizations
Hunting and Fishing Services
Hydraulic Equipment Repair
Hydraulic/Pneumatic, Electrical Distributors
I
Ice Machines
ID’s
Import, Export Service
Industrial Electronics
Industrial Equipment & Supplies
Industrial Hygiene Consultants
Information Products/Systems
Insulation
Insurance
Insurance/Appraisers, Adjusters
Insurance Subrogation Services
Insurance/Dental
Interior Decorating
Interior Design
Internet Service Provider
Internet Services
Internet Transaction Processing Svcs
Investigations
Investment Services (See Brokers/Fin.)
Irrigation Systems/Supplies
J
Janitorial & Commercial Cleaning
Janitorial Supplies
Jewelers
Jewelry Cleaning Products
Junk Removal
K
Kennels (See Pet Services)
Kitchen & Bath Design
Kitchen & Bath Remodeling
L
Laboratory/Medical Supplies
Laboratory Collection & Testing
Laboratory Collection & Testing/Supplies
Land Clearing
Landscape Contractors
Landscape Lighting
Law Enforcement Agencies
Lawn & Garden Supplies, Equipment
Lawn Services/Landscaping
Lease Brokerage Services
Leasing
Legal Nurse Consultant Certified
Legal Plans
Lighting Fixtures, Lamps/Supplies
Liquid Siding
Limousine Service
Locksmiths
Log Homes, Cabins & Buildings
Logging Companies
Lottery
Lumber
M
Machine Shops
Machine Tools/Repair
Mail Boxes
Mail Order-Catalog Sales
Mailing Equipment
Mailing Services
Management Consulting
Manufactured Housing Communities
Manufactured Housing Sales/Service
Manufacturing/Distributing/Assembly
Manufacturing/New Product Development
Maps/Dealers
Marble
Marina
Marine Canvas & Awnings
Marine Products
Market Research/Opinion Survey
Marketing
Martial Arts
Masonry
Massage Therapy
Material Handling
Mattresses (See Beds, Bedding)
Meat Processing
Meat Sales
Mechanical Contractors/Service
Medical & Mobility Equipment
Medical Billing Services
Medical Case Management
Medical Contractors
Medical Data Registry
Medical Education Services
Medical & Surgical Equipment
Medical Staffing
Medical Supplies, Equipment/Monitoring
Medical Transcription
Medicare Information
Medicine Assistance Processing
Merchant Services
Metal Coating/Galvanizing
Metal Fabricators
Metal Products/Scrap Iron
Metal Finishers Equipment & Supplies
Metal Refinishing
Metal Working Equipment
Meter Reading Services
Microfilming Service
Millwrighting/Crane Service
Mobile Gym
Mobile Homes-Transporting
Model Agencies
Mold & Mildew Services
Monogramming
Monuments
Mortgage Companies
Mortgage Lending Auditor/Internal
Motor Homes Rent & Lease
Motor Scooters
Motorcycles
Motorcycles-Repair, Test, Tune
Motorcycles/Parts & Accessories
Moving & Storage
Moving Services
MRI (Magnetic Resonance Imaging)
Mulch
Museum
Musical Instruments, Sheet Music
N
Name Badges
Newspaper
Nurseries/Greenhouse
Nursing Home Referral Service
Nursing Homes
Nursing Services
(Includes In Home Care)
Nutritional Supplements
O
Occupational Safety Consultants
Office Equipment, Cleaning-Sanitizing
Office Equipment, Supplies & Furniture
Office Furniture
Online Shopping Mall
Online Technology Classes
Ophthalmology
Optical Services/Vision Care
Optometry
Oral Surgeons/See Dental Services
Organizing Services/Household, & Busn.
Orthopedic Products & Services
Outsourcing Svcs/Business Support
P
Packaged Liquors
Packaging Services (See Shipping/Packaging)
Packaging/Containers, Services & Supply
Pagers
Paging (see Wireless)
Pain Management
Paint & Painting Supplies
Paint Removal/Indus. Poly Coating
Paint/Coating Consultation
Paintball
Painting Contractors
Painting Contractors-Electrostatic
Pallets & Skids
Paper Products
Parking Area Maintenance & Marking
Parks & Recreation
Party Planning Services
Party/Event Supplies
Patio & Deck Furniture
Patio Enclosures
Paving, Asphalt, Concrete & Maintenance
Pawn Shops
Payroll Services
Pension Recovery
Pest Control
Pet Insurance
Pet Pharmacy
Pet Services/Grooming -(See Veterinarians)
Pet Supplies (See Veterinarians)
Petroleum
Petroleum, Fuel Products/Gasoline
Petroleum, Fuel Products/Natural Gas
Petroleum/Underground Fueling Systems
Pharmaceutical Products
Pharmacies
Photographer/Videographer
Photography Processing
Physical Therapy
Physicians/Dermatology
Physicians/ MD
Physicians/Podiatry
Physicians/Reproductive/Endo/Infertil
Physicians/Radiology
Physicians, Surgeons-Internal Medicine
Physicians, Surgeson-OB/GYN
Physicians, Surgeons/Plastic Surgery
Piano/Organ Sales and Service
Picture Framing
Picture Hanging Service
Picture Ids
Plants, Interior/Services
Playsets
Plumbers/Plumbing Supplies
Plumbing Fixtures, Parts & Supplies
Point Of Sale Systems
Police Supplies/Guns
Post Frame Buildings
Powder Coating
Power Transmission Equipment
Power Window Repair
Pressure Wash
Printers/Printing
Printers/Printer Supplies
Product Design
Professional Employer Organization
Property Maintenance
Propane/Industrial, Commercial & Residential
Prosthesis (Breast)
Psychologists
Publishers
Publishers/Book Packagers
Pumps & Accessories
R
Race Track Equipment & Supplies
Race Tracks
Racks & Shelving
Radiator Repair Equipment
Radio Stations/Broadcasting Co’s
Radon Gas Detection Mitigation Service
Rail Storage & Distribution
Railings
Railroad Contractors
Railroad Equipment/Supplies
Ready Mix Concrete Delivery
Real Estate
Real Estate Appraisals
Real Estate Development
Real Estate/Commercial
Real Estate Investments
Real Estate/Management
Recording Services
Records Storage
Records, Vinyl LP’s/45’s
Recreational Vehicle Sales/Service
Recreational Vehicle/Parts and Repair Only
Recycling Centers
Referral Services For The Aging
Refrigerating Equipment
Refrigeration Commercial
Rehabilitation Services
Rent to Own
Rental Service Stores
Residential & Commercial Furnishings
Resorts
Restaurant Equipment/Repair
Restaurant Equipment/Supplies
Restaurants
Restoration, Disaster/Insurance
Resume Service/Office Support
Retirement & Life Care Communities
Retirement Planning Service
Retreat Facilities
Roadside Assistance/Automotive
Rock Climbing Instruction
Roof Cleaning
Roofing Consultants
Roofing, Commercial
Roofing, Siding (See Home Improvements)
Rubber Products
Rugs
S
Safes
Safety Consultants
Sales Training & Development
Sandblasting
Sanitation Service, Equip. Waste Control
Satellite Communications
Satellite Systems
Saunas/Spas/Whirlpools /Hot Tubs
Savings & Loans
Scale Sales & Service (Ind & Comm)
Scanning Services & Equipment
School Supplies
Schools/Education
Scrapbooks
Screen Print/Embroidered Apparel
Sealants
Sealcoating
Security Guard & Patrol
Security Systems/Devices/Monitoring
Senior Citizens Online Mall
Septic Tank Service & Repair
Service Contract Administration
Service Station Equipment/Supplies
Service Stations
Sewing Machines/Sales & Service
Sharpening Services
Sheet Metal Fabrication/Installation
Shielding/Magnetic, Electrostatic
Shipping & Packaging Services
Shoes
Shoes/Custom Made
Shooting Range
Shopping Centers
Shower Doors
Shutters
Siding
Signs, Displays, Outdoor & Indoor
Skating Rinks
Ski Resorts
Skin Care
Skylights
Smoke Shops
Smoking Cessation
Snow Removal
Social Security Services
Social Service Organizatio
Soft Drinks
Speakers- Public
Speakers-Motivational/Youth
Speakers-Public
Specialty Products
Sporting Goods
Sportswear
Standby Generator Systems
Steel Erectors
Steel Fabricators
Steel Processors
Steel Production
Stone/Natural
Storage Barns
Storage Sheds
Storage Trailer Rentals
Storage/Residential & Commercial
Structural Repair
Stucco & Exterior Coating Contractors
Sunrooms & Solarium
Surveyors-Land
Swimming Pools & Pool Services
Systems Management
T
TV, Radio, VCR, Stereo Sales/Service
Table Pads
Tank Ammunition Specifications
Tanks
Tanning Beds
Tanning Salons
Tattoos
Taverns/Pubs
Taxi Service
Telecommunications Companies
Telemarketing Services & Svc
Telecommunication Consultants
Telecommunications Equipment
Telecommunications Security Systems
Telephone Directory/Yellow Pages
Television Sales & Service
Television Stations/Broadcasting
Tennis Court Construction Products
Theatrical-Stage
Ticket Sales/Events
Tile
Tile & Grout Repair
Tile Contractors/Installations
Tire Dealers
Title Companies
Tobacco
Toilets-Portable
Top Soil
Tourism
Tours-Operators & Promoters
Towing Service
Trade Show Exhibits & Services
Trailer Rental and Storage
Trailer Sales & Service
Training & Consultation/Crime Prevention nn
Training & Consultation/Non-Profits
Training Materials
Transcription Services
Transit Safety Glass
Translators & Interpreters
Transportation, Shipping/Delivery
Travel Services/Tours
Tree Services
Truck Rental
Truck Repair & Service
Truck Toppers
Trucking, Dump
Trucking, Heavy Hauling
Trucking, Light Hauling
Trucking/Motor Freight
U
Uniform Supply Services/Military
Uniforms/Cheerleading, Dance
Upholstery
Utilities
Utilities Usage Analyst
Utility And Electric Cars
Utility Contractors
V
Vacation Rentals
Vacuum Cleaners/Residential, Commercial
Vacuum Cleaning Systems
Van Rental
Vehicle Wash Equipment Sls/Svc.
Vending
Veterinarians
Video Games/Wholesale
Video Production Services
Video Rentals
Video/CD/DVD Services
Vinyl Services/Auto, Boat
W
Wall coverings/Wallpaper
Warehousing/Distribution
Warranty Service
Waste Water/Design
Water Conditioning
Water Gardens
Water Purification, Treatment & Conditioning
Water Treatment/Industrial & Commercial
Water Tower Tanks
Waterbeds
Water conditioning
Waterproofing
Website Development/Hosting/Sales
Wedding Consultants
Wedding Services
Welding/Fabricating
Wellness Spas
Wheelchair/Mobility
Wholesale/Marketing & Sales
Wholesale Sundries
Window Cleaning
Window Tinting/Residential & Business
Window Treatments/Supplies
Windows
Windows And Doors
Wood Floor Refinishing
Wood Preserving
Wood Burning Stoves
Writing/Editing
Y
Yoga Instruction

Posted on October 18, 2013 By Staff

WHY CORPORATIONS WON’T HIRE AN ENTREPRENEUR

EntrepreneurOne morning last week while reading articles on LinkedIn Today one article in particular jumped out at me. The article titled “Entrepreneurs need not apply: Companies shun the self employed” and I thought to myself “you’ve got to be kidding“.  So I opened the article and was amazed at what I read or maybe I shouldn’t have been.

The article states “Entrepreneurs and freelancers attract fewer interview invitations than comparable candidates who have spent the last few years working for someone else, according to research which will be presented to the Academy of Management annual conference in August. In the UK, the self-employed received almost two-thirds fewer interview requests than people with similar professional experience who worked only at employers.“The stigma against the self-employed may indicate that hiring managers just don’t see them as a good fit in their corporate culture. Traits that work for start-ups—risk-taking, taking charge and adopting “unusual points of view”—don’t necessarily work well in corporate careers, the paper noted.”

That’s ironic because company executives and human resources say they are looking for self starters, innovative hires, a certain entrepreneurial spirited people equipped with a 21st century mindset.  Just maybe corporations need entrepreneurs more than entrepreneurs need corporations.

The Opposing Forces of Two Mental Models

Corporations have become factories of mental models created over decades of controlling how and what people think through the influence of power and money. The attitudes have created cultures of “we are in control and we pay you to follow the rules we make“.

These mental models were designed to build organizations where compliance and productivity of human labor determined profitability.  Subsequently organizations were built around a hierarchy of control similar to the military where the strategy was to beat the enemy.  This mental model is dependent on compliance.  Compliance through control of resources via influence of power and money has proven to be limiting and costly.

The mental model of an entrepreneur is opposite of the old models followed by many corporations. The best definition of the entrepreneurs mental model was conceived 37 years ago by HBS professor Howard Stevenson in his  book Breakthrough Entrepreneurship which states Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.”

While corporations say they want to recruit people who have similar attributes as entrepreneurs the fact is those very people will typically disrupt the old school corporate cultures. A disruption will either create support for the necessary change or quietly be dismissed and labeled as a trouble maker.  The reason the two will never get along is because of the opposing mental models.

The real issue is which mental model works best in the 21st Century? The markets will decide and so far the entrepreneurs seem to be winning.

Corps.-vs

Why Corporations Won’t Hire An Entrepreneur

Source: Click Here

 

Posted on October 10, 2013 By Staff With 0 comments

DOING GOOD IS GOOD FOR YOU AND GOOD FOR OUR COMMUNITIES

www.bbnomics.com

www.bbnomics.com

In order for our communities to move from the “traditional” mostly for-profit model, we must adopt new language as well as new ways of seeing doing things. Our concern must be both community then profit.
Doing good is good for you and good for our communities.

Social entrepreneurship is the process of pursuing suitable solutions to social problems we face. More specifically, our social entrepreneurs should adopt a mission to create and sustain social value. They will pursue opportunities to serve this mission, while continuously adapting and learning. They will draw upon appropriate thinking in both the business and nonprofit worlds and operate in all kinds of organizations: large and small; new and old; religious and secular; nonprofit, for-profit, and hybrid.

Business entrepreneurs typically measure performance in profit and return, but our new social entrepreneurs will also take into account a positive return to society.

Also review terms:
Corporate Social Entrepreneurship
Collaboration
Collaborative method
List of social entrepreneurs
Social business
Social enterprise
Social innovation
Social Venture Capital
Geotourism
Appropriate technology
Triple Bottom Line business theory
Microfinance
Microfranchising
Open-source appropriate technology

www.bbnomics.com BBNomics

 

Posted on October 9, 2013 By Staff With 0 comments

DO YOU HAVE AN IDEA FOR A BUSINESS

What is a business idea? It’s practically any idea that you have that fills a need in the marketplace, in your community, in your life, in other people’s life.  To be able to formulate a business around a single idea, follow these 6 easy-to-understand, but hard-to-do steps:

Got an idea? Now what?

Got an idea? Now what?

What is a business idea? It’s practically any idea that you have that fills a need in the marketplace, in your community, in your life, in other people’s life.  To be able to formulate a business around a single idea, follow these 6 easy-to-understand, but hard-to-do steps:

  1. Identifying your idea–What are you passionate about? Why did this idea come up in the first place? Does it follow your passion? Is it based on an event in your life worth fixing? Is it based on a need you see in your community?
  2. Dressing up your idea– Where does your idea come in contact with the potential in the marketplace?
  3. Getting personalities around your idea– Who will ultimately buy your product/service? What does she/he look like? Where do they shop? Why will they buy your product/service?
  4. Financing your idea– How much will your idea cost? Don’t be shy, look to see what look-a-likes cost and dream away at how many widgets you would sell to who and for how much? When can you go from negative to positive (the break even point)? If you have any start-up costs, what are they, for what, and who would help you fund them.
  5. Get some feedback– Now that you have a foundation of your idea, pitch it to others, anyone. Ask family and friends, other moms and dads, other enthusiasts of what you are passionate about, and your end users/customers.
  6. Iterate– Your game plan is to get enough feedback for you to iterate to one version, and turn this cycle a couple of times. The goal is to not turn your wheels and get stuck, but turn your wheels towards launching that first product/prototype/service. It doesn’t have to be perfect, just perfect enough for meeting the needs of your customers.

We are here to assist, we need more black business, you require support.

Posted on October 7, 2013 By Staff

THE BLACK 411™INFORMATION SERVICE

results

The Black 411™ is back. On Oct. 15th BFE Telecom will relaunch The Black 411™. The Black 411™ is a targeted information service designed to help consumers find and locate Black owned businesses across the country. The company provides a unique service that is going to change the economic landscape of this country. The Black 411™ has added some exciting new features that will add simplicity and convenience for customers.

Miami, FL, September 19, 2013 –(PR.com)– The Black 411™ is relaunching on Oct. 15th but they are signing up new customers starting in September. The service has several new and exciting features from its previous offering. Customers will now be able to get their listings via text or e-mail instantly.

The Black 411™ is helping to change the economic landscape of the black community by providing a simple and cost effective way to locate Black owned businesses nationwide. There are black entrepreneurs in every field and in every line of business; in the past consumers could not easily find black owned businesses when they needed them. The Black 411™ provides an easy and cost effective tool to help search for the businesses that consumers need.BFE Telecom has done several upgrades to The Black 411™. Registered users can now receive their listings via text message or e-mail. They have upgraded our network and our back office with new technology that will make it easy for our registered users to get the listings and information they need quickly. Registered users can now search by asking for a type of business, but also by asking for a specific type of product or service that they need. Customers can be as specific or general as they want. For example, a customer can call and say they are looking for a lawyer that specializes in tax law or contract negotiation, or entertainment law and The Black 411™ will provide a list of attorneys that specialize in those areas of law. Or lets say someone is driving and is looking for a restaurant that has the best Soul food in a particular city; consumers can call the The Black 411™ and the service will immediately give them listings of restaurants that serve the best Soul food in that city. Or imagine someone just moved to a new city and a customer needed to buy a washing machine; all they have to do is call The Black 411™ and they will receive listings of Black owned businesses that can sell and provide washing machines.

The Black 411™ is offered for flat rate of $5.00 per month for unlimited calls to the service. Right now consumers pay anywhere for $1.50 to 3.00 per call to Directory Assistance. With regular Directory Assistance consumers currently can only search based on the name of the business or the type of business they are looking for. With The Black 411™ a customer simply calls the local access number, tells The Black 411™ what they are looking for or the type of business they are searching for, and The Black 411™ does the rest.

Companies and businesses can list their business for a low price $100 per year. That is about 30 cents per day to be a part of the most revolutionary new service in the country. The Black 411™ will provide a simple tool for consumers to find a business when they are looking to purchase a specific product or service. The Black 411™ is a cost effective marketing tool. Business owners can reach their customers when they are looking to buy specific products and services.

About BFE Telecom: BFE is a Black owned telecom company based in Miami Florida that is looking to help provide economic growth thru technology. The company was founded in 2006. For more information go to our website www.black411.net. Please e-mail our sales department if you have specific questions at sales@black411.net

BFE Telecom
Frank Taylor
706-871-4411
Contact
www.black411.net
Follow us on Twitter @Theblack411

Posted on September 20, 2013 By Staff With 0 comments