Op-Eds

Mentor
Entrepreneurship Op-eds

Why Every Black Business Owner Needs a Mentor in 2023

Perspective
Entrepreneurship Op-eds

The Shifting of Perspective

Going into business isn’t just about being able to make money. It is a larger transformation than that. Shifting of perspectives is one of them. So many people who left the ranks of employees to become entrepreneurs never make it to become employers. This is because (unbeknownst to them) most of them continue to carry […]

Capital
Entrepreneurship Op-eds

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 […]

Digital Marketing
Entrepreneurship Op-eds

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 […]

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Investing

Bay Street Capital Holdings

Founder of Bay Street Capital Holdings Invests in Black Travel

Bay Street Capital Holdings founder William Huston has been in the news recently after the entrepreneur shared that he was investing in Black travel. According to its site, Bay Street Capital, based in California, is an “independent investment advisory, wealth management, and financial planning firm.” The company invests in property technology and lavish vacation homes. Bay Street Capital Holdings started in 2018 as a […]

Trading

Young Black Traders Who Made $5 Million in One Year to Donate $1 Million to Struggling Families

Meet 29-year-old Jehu Graham and 32-year-old Francis Kway, two young African American investors who are also the founders of Cheat Code Algo, powerful software that uses a series of indicators to predict stock market trends. During their first year in business, they generated $5 million in revenue, and now they are on a mission to give […]

Wekeza

Black Woman Launches Investing Mobile App, Wekeza

Meet Sabrina Lamb, the Founder and CEO of Wekeza, the first Black-owned and Black woman-led trading and investing mobile app. Wekeza means “invest” in Swahili. Together with Wekeza’s experienced team of Wall Street experts, Sabrina is determined to close the widening wealth gap in the Black community by democratizing access to trading and investor education – […]

Community

Community Entrepreneurship News

New Effort Aims to Cut Large Funding Gap Between Underserved Entrepreneurs & Peers

Consider that Black entrepreneurs on average have $35,000 of capital to start a business. In comparison, white entrepreneurs have more than $100,000 of capital to do the same. Those were among new thought-provoking statistics mentioned last week by Donald R. Cravins Jr., the first Under Secretary of Commerce for Minority Business Development. He leads the Minority […]

National Black Bank
Community Entrepreneurship News

Charlie Ebersol to Host Tomoroworld Theme Park to Support the National Black Bank Foundation

Television and film producer turned technology and sports entrepreneur, Charlie Ebersol, and activists Dr. Bernice A. King, Ashley D. Bell and Tishara Jones are set to create a one-day-only, custom theme park – TOMOROWORLD, in celebration of Ebersol’s 40th birthday, and to raise awareness and funds for the National Black Bank Foundation. The invite-only event will take place on January 7, 2023 at Barker Hanger […]

Generational Wealth
Community News

Black Couple From Virginia Purchase Home with 90 Acres of Land to Build Generational Wealth for Their Kids

From the 1920s to today, the percentage of Black Americans and other minority landowners has dropped from 14% to less than 2% nationwide. Here’s how real estate expert Chris O’Neal and his wife, Sabrina, hope to change that. Ten years ago, less than 4 percent of minorities owned rural land, according to a report by […]

Trading
Community Investing News

Young Black Traders Who Made $5 Million in One Year to Donate $1 Million to Struggling Families

Meet 29-year-old Jehu Graham and 32-year-old Francis Kway, two young African American investors who are also the founders of Cheat Code Algo, powerful software that uses a series of indicators to predict stock market trends. During their first year in business, they generated $5 million in revenue, and now they are on a mission to give […]

Ally
Community Entrepreneurship News

Ally Teams Up with Thurgood Marshall College Fund, Awarding Over $188,000 to Aspiring HBCU Entrepreneurs

Ally has teamed up with the Thurgood Marshall College Fund to award select HBCU students with funds and resources to pursue their entrepreneurial goals. As part of its Moguls in the Making competition, 60 HBCU students were placed in 15 teams of four and asked to develop a business plan that supports economic mobility in the city […]