Business

Meet The 10-Year-Old Girl Who Invented A Million-Dollar Barrette

Just imagine, a hair accessory being sold in 50 stores and 16 states across the country…and the CEO of the hair brand is still in elementary school! That’s right, 10-year old Gabrielle Goodwin has come up with a solution that will bring nothing but relief to Black moms around the world – barrettes that don’t fall off or go missing. #GaBBYBows are now in 50 @onceuponachild stores in 16 states acros...Read More

Former Saints player puts 300+ families into homes, opens the only Black owned grocery store in Baton Rouge, LA

Spend five minutes with Tyrone Legett and you’ll instantly hear his passion to rejuvenate broken communities in Louisiana. The former NFL Player played many games in the Mercedes Benz Superdome (then Louisiana Superdome) but the touchdowns he is scoring today are worth much more than points on a scoreboard. Legett, a native of Colombia, South Carolina, embraced Louisiana as home as a Defensive Bac...Read More

Black-Owned Vegan Restaurant Challenges the Fast Food Industry With Healthy Food Alternatives

The Grub Factory, based in Baltimore, Maryland at 1210 North Charles Street, is a Black-owned vegan restaurant. Founded by three entrepreneurs, Hurani Ame, Heru Mertief, and Imhotep Fatiu, the restaurant serves gyros, reubens, pepper steaks, shrimp salads, and curry “chick’n” — all vegan. A smart part of a bigger plan The Grub Factory is unique in many ways. The restaurant has employees, but...Read More

26-Year Old Black Woman Entrepreneur Launches Low Cost Organic Grocery Store

26-year old Olympia Auset, a native of Los Angeles and a graduate of Howard University, grew tired of having to travel 2 hours by bus every time she wanted to buy healthy vegan food. She live in Inglewood, and it quickly became clear that if she wanted better health around her, she would have to do something. So, she created and launched her very own organic grocery store. Creating something diffe...Read More

Conference Helps Black Entrepreneurs Learn Multiple Industries

Urban Business Institute, a training and consulting organization founded by former business & economics professor and business incubator, Professor Devin Robinson, is hosting its 1st Annual How-To Conference on Saturday, June 17, 2017 at 7am at the Cobb Galleria Centre in Atlanta, GA. The How-To Conference is uniquely designed to bring together professionals, experts, and entrepreneurs from a...Read More

Black-Owned Construction Firm Awarded Contract to Replace Contaminated Water Lines in Flint, Michigan

W.T. Stevens Construction, a Black-owned construction firm with about 25 employees, has been awarded a multi-million dollar service contract to replace more than 18,000 lead corroded pipes across the city of Flint, Michigan. The company is one of just four companies recently contracted under a court order to complete the project. The company was founded by a Black entrepreneur named W.T. Stevens b...Read More

15-Year Old Black Teen Entrepreneur Signs Licensing Deal With the NBA

Young entrepreneur Moziah “Mo” Bridges was just 12 years old when he appeared on ABC’s Shark Tank to promote his Memphis based company, Mo’s Bows, which manufactures handmade bow and neckties. Now 15, this young Black teen just signed a licensing deal with the NBA, giving him the rights to manufacture his products with the logos of NBA clubs. The NBA is excited about the launch of the Mo’s B...Read More

Dr Boyce Watkins: This is one of the biggest mistakes being made by those seeking to start a business

by Dr Boyce Watkins I wanted to share a thought regarding the importance of dreaming vs. doing. I often hear million dollar ideas from ambitious entrepreneurs who truly believe that their idea is going to generate millions of dollars in wealth. It’s not that I don’t believe them, but I often find that while ambition and energy are high, the follow-through sometimes leaves much to be desired. Is th...Read More

Beyoncé Announces Formation Scholarships for Black Women Pursuing Higher Education

Beyoncé is settling in to have her twin babies soon, but she hasn’t abandoned the work she began a year ago with the release of Formation. The singer announced on Monday the creation of four scholarships for Black women in college called the Formation Scholars Award. The awards will be given to a single Black woman student at Berklee College of Music, Parsons School of Design, Howard Univers...Read More

Rosalind Brewer, CEO of Sam’s Club, Giving Away $8.8 Million to Women and Minority Business Owners

Women, minorities and veterans who own their own businesses are considered part of America’s underserved. This is exactly the target group Sam’s Club has pledged to help with their Sam’s Club Giving Awards program. Giving to those who need help Sam’s Club has pledged $8.8 million in grants to small businesses owned by women, minorities and veterans. Their 5-year program beg...Read More

The Bank Black Movement Gains traction

Last July, Teri Williams was out of the office, helping her daughter move into a new apartment, when she started getting frantic phone calls. Williams is the president of Boston-based OneUnited Bank, the largest black-owned bank in the country, with $650 million in assets. Her employees were calling to tell her that people were swarming the bank. “They were coming into the branches,” Williams said...Read More

12 Reasons Why Black Businesses Fail Within The First 12 Months

The rate of African American businesses failing today is at an all time high. We all know that 80% of businesses crash and burn within the first year. Not to mention, when starting a business the last thing you want to hear is why or how you could fail, but addressing the reasons for failure up front, you’ll be much less likely to fall victim to them yourself. I can proudly say every last point li...Read More

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