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Black Business – African American Business

Setting up a business is a huge responsibility on the shoulders of the entrepreneur. When starting a new business, there are many important decisions to make and many rules and procedures that must be addressed. It is a huge responsibility to start a new business. It involves high risk to start a new business. A black business owner is ready to take on the responsibility head-on and work patiently and dedicatedly to start a new business and take it to great heights.

It is the initial stage of setting up the black business that needs extra care. The black entrepreneurs are very conscious about their businesses and they put in their efforts into it. Setting up a new business requires experience and the black people are experienced enough to handle various situations with care.

Businesses are predominant in capitalist economies, most being privately owned and formed in order to earn profit that will increase the wealth of its owners and grow the business itself. This will increase their profits and they will gain popularity. The black business owned by black people is gaining popularity in many cities of the United States.

The black people who own the black business are very determined and conscious about their businesses. They have the strong will of putting their 100 percent effort in the business so that it nourishes well and thrives against all shortcomings. This way they grow their black business and gain popularity.

To build a successful enterprise, it is very much important for the black entrepreneurs to enjoy their black business. The black entrepreneurs have a slight edge because they are the owners of their business which is actually their passion. This way they are motivated to work even more as they are doing the work which they like. With the monotony of forceful involvement in a field that means a little or nothing to you removed, you are bound to flourish doing what you enjoy the most.

Before actually starting their black business, they must write a guide in which they have the written down the plans of starting and running their business successfully. This plan will encourage loans, promote growth, and provide a map for the black business owners or for the black entrepreneurs to follow. They would not feel lost and they would have their ideas at any point of time.

It is very encouraging to see the black business growing at a robust rate. Viewing this fact, one can say that the black business owners are the people who are growing their black business at a very faster rate thus becoming the firms that are among the fastest growing segments of the US economy.

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Help answer the question about american business

Is the American business model present in the religions that originate in the US?
The American business model is basically, greed is good. It is capitalism without a conscience. The American business model tells people that there is virtually no such thing as an unethical way to make a profit; anything short of open theft is an ethical way to make money, according to the American business model. Is this same ethos present in religions that originate in the US? People who use Mormons as an example in their answers will be given special consideration…

About Author

Ankur

Black Business – African American Business.
Click Black Business – African American Business to know more about it.
Ankur Sharma is an Executive with Wensil i Technologies.

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9 Comments

  1. Terri24 says:

    They are generalizing. When they see you, they think about the stats we hear about black street criminals. When they're a little older, they'll do what I do: lock the doors whenever I get behind the wheel, part of the motion with the seatbelt. All criminals are scarey to me, white and black!
    Seriously, you can lobby for ways to get black men into the system. A silly criminal act when a boy is 14 will prevent him from ever having a decent job. Racism or lack of influential parents or whatever it is, there are a lot of young men with records that would have been expunged if they were white. Which I am.

  2. Jon says:

    You would have to show the image of the photo. However, if you have to ask then maybe it is… If the picture depicts her in such light that is offensive then I would refrain from using it. If you are attempting to do something special for someone in your office, I would highly suggest you listen to the majority about an issue as sensitive as race relations in the work place. You can easily get a bunch of people on here saying "it's absolutely nothing wrong with the picture" or "there is something wrong with it" either way no one have seen the actual picture so every ones opinion will be based all on self opinions and not facts!!!!

  3. Hello says:

    Black Enterprise magazine is the most well known in the country. It covers personal finance, money management and career topics related to the African-American community.

  4. This is just coming from a country white girl, but oddly enough, I can relate. I grew up in a little bitty ol country town no one has ever heard of, in a family where no one else had gone to college ever. Luckily my parents encouraged me and helped me believe I could do anything, but I had friends whose parents discouraged them from ever trying to make anything of themselves or try to get a better education, better job, or better life. Part of it was money, they didn't have the $$$ to send their kids to college, they didn't know anything about what college meant or even how they'd go about the whole process, and part of it I think was fear. Fear of failure, fear of success, fear of the unknown, and simply not knowing any other kind of life. The reason I tell you this isn't to get a pity party for me or my friends, pity isn't what we need. My point is, we all face so many hardships, and it's hard for people to see, and that I really can relate. I wanted to be a doctor since age 5 but didn't know anyone who'd ever done that, so I didn't know much about the process, and I didn't have any "connections" who could hook me up or even steer me in the right direction. Even in middle and high school I did research on the internet and asked my pediatrician about med school and what I needed to do to be a doctor.

    So, back to your question. How to succeed when it feels like the cards are stacked against us??
    You have to do your homework. And by that I don't mean schoolwork. I mean, you set a goal for yourself and stick to it. Figure out what it takes. Don't just say "I want to be a business woman" and expect it to happen. Find someone who you admire in that field and spend some time working with them or getting to know them, and know how they went about becoming successful. How did they get to where they are today, what sort of schooling did it take, how many years of education or professional training/ecperience did it take, what was the hardest part, what is the best part about it? Do an internet search, go to the library, see what the basic requirements are. This is the way I found out to be a doctor I needed 4 years of college then 4 years of med school, then at least 3 of residency training. If I hadn't done this basic research I wouldn't have known. Another thing you should do (not sure how old you are) is look for programs geared towards you. In high school I did a summer program at a medical school that was geared towards "rural" students interested in becoming doctors. And I only found out about it by accident from another student (our guidance counselor told me he didn't think I was smart enough and that I wouldn't fit into a program like that so he never gave me the application) Anyway the point is, look on the internet or specifically ASK your guidance counselor, college advisor, etcetera if any programs like this exist for you, something geared towards women in business or minorities in business. That summer program in high school literally taught me everything I needed to know to succeed in geting accepted to college and med school, and to believe in myself. They set us up with mentors, they gave us sample college classes and preparation for them, they put us in touch with the admissions offices of the colleges and med schools. It didn't make it EASY but any means, but it just layed out the groundworks for people like me who otherwise had no idea where to begin, or what I needed to do or when to do it.

    So, to sum it all up:
    1)believe in yourself
    2)find a role model who you can go to for advice and learn from
    3)be proactive and figure out what it takes, how much education, what kind of training, how long etc
    4)There's programs out there to help you. Look for them
    5)Unfortunately it IS sometimes about WHO you know. So if you don't know the right people, try and meet the right people
    5)believe in yourself!!

    Again, I know I'm just a country white girl, but I can relate a little bit (not on the racism issues, but just on having to overcome a little more than others). People who've had it easy, or grew up going to private schools all their lives or who's parents have a PhD or MD or own 15 businesses in town don't have to deal with some of the basic issues I outlined (like just knowing where to begin) so they look at you like a fool if you even act like your background has held you back or made it harder for you. It's like minorities and rural students (at least in the medical field) have to start from scratch a lot of times to get anywhere because we might not have family money, business, or reputation to build off of.

    That said though, I am proud of who I am and where I come from. And every bit of "hardship" (even though I owuldn't consider my life as ever consisting of true hardship) had made me who I am and changed me for the better.

    Sorry for the LONG LONG post, but I really mean it. Get out there and kick some butt!

  5. Josh says:

    First and foremost the tone of your question suggests division between Black people that we can not afford. Second where are you getting your information from? Do you have statistics and comparisons? I can tell you personally in the town I live in (which is nearly half Black) of all the Black businesses only 2 that I can think of are or have been owned by Black people born in the Caribbean and West Indies. Both were restaurants and only one is still in business. Granted I'm in the south but so is Miami. Orlando, Tallahassee and Jacksonville. I think before you can ask this question in your explanation you should present some statistics to confirm your question.

  6. It shouldn't matter what you call a person. People call asians Asian-Americans, and dutch, Dutch-americans.

    It doesn't matter what you call the person, it matters more how you treat the person, and as you have seen today the way america treats minorities is improving.

  7. HollyBerry says:

    Does speaking English help you ask a question, please?

  8. ollarwharley says:

    Don't jump to the conclusion that it's discrimination.

    The finance industry is VERY competitive. You say 'good' GPA but not great. Is it from a top-flight college?

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