Displaying items by tag: Management

OneUnited Bank, the largest Black-owned bank in the country, is proud to announce the launch of its Small Business Administration Paycheck Protection Program. OneUnited Bank, a Preferred SBA 7(a) lender, is offering PPP loans to its existing and new customers on a nationwide basis through its state-of-the-art online and mobile banking platform.

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Seventy-two percent of black-owned small businesses are profitable, according to findings from the latest Small Business Trends report released by small business financing company Guidant Financial. This is a five percent yearly increase, with last year’s report showing 69 percent of black small businesses as profitable.

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Every major city has legendary landmarks that serve as gathering places for community fellowship, a feel-good atmosphere, and, above all, great food.  In New Orleans, Barrow’s Catfish was one of them.

Founded as Barrow’s Shady Inn in 1943 by William “Cap” Barrow Sr. and his wife, Mary, Barrow’s served up heaping plates of delicious catfish seasoned with love and a savvy family flavor and tenacity.

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The parent company of several Roscoe’s House of Chicken and Waffles restaurants emerged from bankruptcy this week when a Los Angeles judge confirmed a modified confirmation plan to repay creditors, it was announced today.  No further substantive court hearings are anticipated in the case.

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In business now for 12 years, the husband-and-wife founders of the Just Add Honey Tea Co. are serving up more than tea at their café in Atlanta, Georgia. They sell extensions of their brand to wholesale accounts and for an elite group of tea drinkers, they offer afternoon tastings and tea experiences for special events such as a High-Tea” bridal shower.

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For decades, Ben’s Chili Bowl owner Virginia Ali ate a beef hotdog daily that she slathered with mustard, onions and of course, the restaurant’s famous chili.

But nine years ago, when Ali turned 75 and the doctor told her she was at risk of having a stroke because her cholesterol had shot up to 240, Ali knew she had to change her diet.

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Every now and then a business plan just works. The business owner’s goals come to fruition. And then he or she takes on a more hands off approach. ...

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 For Brooklyn, New York-based Butterfly 7 CEO Rick Shorter, change, transformation, and growth have become his hallmark, in an ever-changing retail experience centered on smart play for kids. Today, Shorter sells toys, books, art, and school supplies, as the head of one the few remaining black-owned children’s toy stores in the country.Af...

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Gentrification in the once largely-black Shaw neighborhood is a microcosm of the town once known as "Chocolate City," as upscale whites and other nationalities have flooded the city in recent years....

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Monday, 02 May 2016 07:00

Tricia Lee Talks Passion and Business

New and seasoned entrepreneurs will disclose that building a business from the ground up isn’t for the faint of heart.Following the logistics and planning in building your business, you’re then left with the often deal-breaking task of ensuring that business is successful. For many aspiring entrepreneurs, this is the hard part—the wait for success....

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