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Black-owned businesses are suffering because of a lack of access to credit.
According to the 2014 U.S. Census Bureau’s first Annual Survey of Entrepreneurs, Black business owners are three times as likely as Whites to say they need financing, but choose not to apply for it.
Fifty nine percent of Black business owners say they don’t apply for loans out of the fear of not being approved. The fear is justified. Only 47 percent of Black business owners get the full amount they requested versus 76 percent of Whites.
Ron Busby, President and CEO of the U.S. Black Chambers, and Michael Grant, President of the National Bankers Association, joined Roland Martin on NewsOne Now to discuss the Black business credit gap and what can be done to close it.
Want more Roland Martin? Watch NewsOne Now every weekday morning starting at 7AM ET on TV One.
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This black billionaire is creating opportunities for African American youth.
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Complex Hustle is a lifestyle channel for creators, entrepreneurs and young professionals navigating the new economy. Delivering daily news, expert insight and original programming – we explore all things hustle – from the corner to the corner office. It’s a platform for the leaders and change-makers of today. We sit at the intersection of media, entertainment, technology and culture. Our content covers the many stages of entrepreneurship, empowering today’s do-it-yourself generation to design the careers they want. We equip our audience with the tools and tips to create content, develop products and build businesses in the modern world.
21 Black Owned Banks (#BANKBLACK)
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RECOMMENDED READING
*** The 9 Steps to Financial Freedom ***
https://amzn.to/2HoZGIJ
*** The Total Money Makeover ***
https://amzn.to/2H1XuDU
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The Black Business Council has dismissed allegations made by Business Unity South Africa President Sipho Pityana
in an open letter.
BBC President Sandile Zungu told the SABC that the letter only sought to undermine the success of the 2019 Black Business Summit.
This year's summit is themed.. Economic Transformation within the context of the 4th Industrial Revolution.
For more news, visit: sabcnews.com
WHAT IF I BOUGHT A GOLF COURSE?
Cadillac Escalade ESV by Larte Design
V8, 6.2 L, 420 Hp, 623 Nm
0-100 (km/h): 6.8 s
Top Speed: 180 km/h
Special thanks to Larte Design: https://www.instagram.com/lartedesign/
#cadillac
The Top 10 Black Owned Businesses
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Music Credit: Light by Sepphieros
Info Sources: Black Enterprise, Wikipedia
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African-American entrepreneurs own more than 2.6 million firms and are building some of the nation's brightest, innovating, and fastest-growing companies. Black Enterprise publishes an annual list, BE 100s, which ranks America’s largest black-owned companies, including automobile dealers, banks, asset managers, investment banks, and private equity firms. Black Enterprise’s list is universally recognized as the most authoritative analysis and annual ranking of the nation’s highest earning black-owned companies.
And when and where you can, support Black-owned businesses because money equals power. And by supporting black-owned businesses, African American consumers are exerting an enormous amount of power to develop black economic dominance… power to create new jobs within our community, and power to build generational black wealth.
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BLACKEXCELLIST.COM
We are the largest community of Black Excellence Enthusiasts in the world. We celebrate Black Excellence, Opulence, and Affluence as we enlighten and inspire you.
To understand how policing affects the psyche of a community, we explore the story of black business owner in Baltimore who was raided so many times he filed a lawsuit, and won
Subscribe to our page and support our work at https://therealnews.com/donate.
Ready to quit your 9-to-5 and start a business with the freedom to work from anywhere and travel the world?
???????????????? FREE Video: Click the link below to learn, step-by-step, how to escape your 9-to-5 and transition into your very own business. ????????????????
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Black Business owners: here are the 3 things that you should know about successfully starting and growing your business.
We as black people have never been taught the critical fundamentals of starting a successful business. Some of us stumble upon some knowledge from time to time,
but we haven't learned how to create a culture of black excellence with the things that we know.
If you're a black man that's interested in doing better for yourself, your family, and community, be sure to watch this video.
Please subscribe and share this with a friend. Enjoy!
Hey guys! It's Uzziah, your success strategist. Black business is extremely important to me, and I want to show you how to be as effective as possible. It's very important and you'll definitely enjoy it.
Make sure you subscribe to my channel and share this video with a friend! Tell other black business men about this channel!
A new report shows African American ownership of small businesses is on a dramatic rise in the U.S., and Florida is one of the top states for this growth. But black businesses still face some unique challenges. We look at why and how a new Black Chamber of Commerce is working to help these businesses thrive.
Guests:
Shaheewa Jarrett, Founder, Broward County Black Chamber of Commerce
Dwight Stephenson, Owner, D. Stephenson Construction
Video upload complete.
Johnny Wimbrey said the video was inappropriate but said we need dig deeper into the problem.
Stanford GSB students Famatta Mensah, MBA ’19, Elise Smith, MBA '20, and Ruth Lawanson, MBA ’20, answer questions about the MBA student experience, and share information about the Black Business Student Association (BBSA).
Learn More:
Stanford GSB MBA Program https://www.gsb.stanford.edu/programs/mba
GSB Clubs & Activities https://www.gsb.stanford.edu/programs/mba/student-life/clubs-activities
GSB BBSA Conference
https://www.bbsaconference.com/
Former President Thabo Mbeki believes the fragmentation of the voice of Black business is making it impossible to achieve economic emancipation. Mbeki says new business leaders in black communities need to emulate people such as Dr. Sam Motsuenyane if the ideal of a truly liberated South Africa is to be realised.
The former President was speaking to the SABC ahead of an event to honour the man regarded as the father of Black Business, Dr. Sam Motsuenyane, who led the National African Federated Chamber of Commerce and Industry, NAFCOC for 24 years.
For more news, visit: http://www.sabc.co.za/news
TESTING2
African-American men and women spend billions of dollars on their hair, but U.S. beauty care companies are missing out.
Mintel values the black hair care industry at more than $2.5 billion, but that statistic doesn't include products such as hair accessories, wigs or electric styling products. So, the industry is actually worth much more.
Most hair care products purchased by African-Americans are imported from countries such as India and China, despite the U.S. having one of the most lucrative hair care markets in the world.» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
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The Business Of Black Hair | CNBC
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Sway In The Morning live broadcast from Icehouse in Minneapolis MN. Wintana Melekin, am activist in the Minnesota area, stopped by to talk about building up and retaining black businesses.
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Dr. Umar Johnson discusses the social racism in the country, President Obama not helping blacks, will an economic boycott work, leadership in the black community and much more with The Breakfast Club. #BreakfastClub
Imagine rolling 20-30 deep to a spot, stopping rush hour traffic, making the streets a spectacle, and overwhelming security to the point where they don’t even try to stop you. That’s just another day skating with Gangcorp where everyday is Go Skateboarding Day (before it became a marketing shitshow).
The crew, bred in LES skatepark has only grown in numbers since we met them and recently released a full length video, Black Business which showcased strength in numbers and proved that New Yorkers can skate handrails and stairs too. (They don’t only have to hit wallrides and bump to bars.)
The Gang Corp guys are also great collectors of pedestrian hijinx, and this edit is the first in a series of raw tapes from Black Business we’re releasing that offers a look into their “artistic process” (i.e. catching people humping mailboxes, finessing security guards, and losing their shit whenever someone lands a trick).
Tune in over the next few weeks for more raw tapes which may or may not include bonus clips from Mark Suciu and Franky Spears too. (For the culture.)
Video by: Naquan Rollings