Minority Biz - Small Business Tips and News for Minority Owned, Black Owned, and Women Owned Businesses

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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Small business owners are struggling to make it when it comes to maintaining a work-life balance. Seventy-nine percent of small business owners continue to make growing their business a top priority, but many are making major sacrifices in the process—their personal time and their personal savings. According to data from the most recent American...

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Be mindful of how you spend your time, foster your confidence and definitely watch that bottom line during the first few years of your new business....

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Friday, 22 January 2016 08:00

5 Reasons Good Businesses Fail

Paying attention to cash flow, competition and leadership quality are just a few things that can save your company in trying times....

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