In the United States, Black-owned businesses are 35 percent more likely to fail than white-owned businesses. Black-owned businesses also tend to start with less capital and are four times more likely to be denied credit than are white-owned firms.
Mind Your Business
"Mind your business" column talks about the current topics in the business world, this column is dedicated to the concept of informing the community on various issues. Not like the common term which asks for a respect of other people's privacy. This is the area to always get good advice for anyone interested in the business industry. So while you are reading this section always remember to "Mind Your Business."
- Tuesday, 15 November 2011 18:07
In 95 years, the paper has seen Black business grow and collapse while we are still reporting it. We have witness Stephanie Strawbridge become the first female Black Funeral director/owner and Vel’s close after many years of providing a dance atmosphere highlighting the Quarter Century Club.
- Tuesday, 08 November 2011 19:00
Find out by asking friends, contact an African American business organization, or casually inquiring at a venue about its ownership. Once you identify Black-owned businesses in your community, encourage others to support them too.
- Tuesday, 25 October 2011 17:28
I use to spend a lot of summers in Chicago with my grandparents and spent a lot of their money in the famous area named Jew Town. Many Black Americans who refuse to buy at Black businesses claim prices are too high, the service is inferior, or the products are below par.