Resources and News for Minorities and Women
to Build Strong Businesses and Inspire Growth
01 April 2013
Frank Savage has a theory about what it will take to bring down the rate of African-American unemployment, which is hovering at 14 percent, higher than any other group in the nation. He believes the answer lies in the creation of owner-operated businesses.
07 January 2013
Question #1: Do you need to protect your personal assets from the liabilities of the company? If you’re debating whether to form a legal entity or to be a sole proprietorship, one issue to consider is whether or not you need to protect your personal assets. The biggest benefit of formal entity formation is that the individual(s) owners of the corporation are shielded from the liabilities and debts of the entity. For some businesses, however, the cost of formation, including tax consequences, may outweigh the benefits, especially if the business can be thoroughly insured.
24 September 2012
If you made it through childhood, you have a story to tell – the question is, are you willing to share it for the sake of making someone else's path through life easier? Are you willing to be a guide? A guide literally is someone who shows the way by leading, directing, or advising.; one who serves as a model for others.
04 March 2013
Courtney "Coko" Eason is an entertainment entrepreneur striving to make a difference in the Nashville Music Scene. Her company, Soundtrack Entertainment, LLC focuses on bringing a diverse selection of events, concerts and TV broadcasts to Nashville, that are comparable to entertainment cities such as New York, Los Angeles and Atlanta. However, she realized that the dreams she had for her city could only come true if a new venue was developed and built to cater to those who enjoyed Rock, Pop & Urban music events in a fun yet upscale and trendy atmosphere.
24 September 2012
On a national level, black-owned businesses have increased drastically according to the data from Survey of Business Owners: Black-Owned Business: 2007 on the U.S. Census Bureau website. The start-up of black-owned businesses has increased by 55.1 percent to $137.5 billion annually in national commerce, according to the survey of business owners. Black-owned businesses have also increased by 60.5 percent to 1.9 million, which exceeds the national rate of 18.0 percent. From 2002 to 2007, four in 10 black-owned businesses operated in the fields of health care, social assistance, repair, maintenance and laundry services.
04 September 2012
A recent Washington Post article emphasized how poor credit makes it much tougher to secure loans and gain access to credit, especially for African-Americans. The article entitled, "For Black Americans, Financial Damage From Subprime Implosion is Likely to Last" (see link below), sheds light on what has been an ongoing problem for many decades: Minorities, particularly African Americans, continue to make up a huge population of people and business owners who are unqualified for credit.