Mentor

Why Every Black Business Owner Needs a Mentor in 2023

Mentors are intended to help new and small business owners navigate the tumultuous waters of the entrepreneurial sea. They are the ship’s navigation system that steers us toward success. According to a recent study performed by Endeavor, as published in Forbes, nearly 92% of small business owners interviewed attributed their success directly to having a […]

Continue Reading
Capital

Now is the Time for Black Firms to Obtain Capital — Here’s Why

We recently completed our 2023 Economic Outlook, with an eye to Black firms.  Overall, we are optimistic. Our baseline forecast shows the US avoiding recession over the next year. Globally, foreign economies are at the midpoint of efforts to raise interest rates. This means the odds of recession are higher outside of the US than […]

Continue Reading
Digital Marketing

Top 3 Digital Marketing Strategies for 2023

It’s a new year and small business owners like yourself probably have been consumed with fiscal year closing tasks, from balancing the books to recycling inventory. Now that we’re in 2023, it is more apparent than ever that Black-owned businesses in particular need to pay special attention to their marketing strategy.  Holiday sales may have […]

Continue Reading
Succession

Why Succession Planning is a Must for Black Businesses

You build up your company through blood, sweat, and tears. It’s a success. One day, however, you will need, or choose, to turn over the reins to someone else. Whether by simply appointing your successor or by selling the company outright, the transition to new leadership can be tricky, even painful. At a time when Black communities […]

Continue Reading
Home-Based

Tips for New Home-Based Black-Owned Businesses (2023 Edition)

I don’t know about you, but neither I nor my Black-owned business have fully recovered from the Covid-19 pandemic. There are new variants each month and there don’t seem to be signs of the overall “pandemic effect” going away anytime soon. As I work one on one with new entrepreneurs, a few questions seem to […]

Continue Reading
Growth Strategies

Growth Strategies Black-Owned Businesses Must Explore

As we close out 2022, it’s time for Black-owned businesses to look towards 2023 through the lens of emerging from a three-year pandemic. While it might be safe to be back outside, and while employers across the country call their workers back into the office, digital marketplaces and technologies are reigning supreme. It’s imperative that […]

Continue Reading
Customer Experience

How Black Business Owners Can Improve Customer Experience

Let’s be honest, Black business owners face a lot of negative stigma when it comes to how they view and handle customer service. Yet most of the noise is based on one or two bad experiences that have traveled across many lips. Because of this, it is an problem that we, as Black business owners, […]

Continue Reading
Business

Buying or Starting a Black-Owned Business… Which is for You?

I want to preface this article by telling you there is no right or wrong answer to this question.  Entrepreneurship isn’t a cookie cutter mold and Black entrepreneurs, just like the Black community, are not monolithic. Choosing to buy or start your Black-owned business is going to be based on your personal lifestyle, your research, […]

Continue Reading
Salt Flats

How to Buy Black While Visiting Utah’s Salt Flats

The Bonneville Salt Flats are a vast and breathtaking landscape in northwestern Utah. The flats are a remnant of the Pleistocene epoch, and were formed when the nearby Lake Bonneville dried up. True to their name, the Bonneville Salt Flats are a natural formation made from salt pans, or areas of ground covered with salt and other minerals. Today, […]

Continue Reading