Four years ago, the African American community took a massive financial blow in the Real Estate market during the latest American recession.  It was discovered in 2009 that many banks marketed subprime loans and refinancing schemes with the assistance of the the leadership of the Black church. Today it appears that Wells Fargo, one of the biggest culprits in committing mortgage fraud, is back to its old tricks with the…

I recently had a great conversation with someone about what online business owners should expect during tax season.  I’m not a tax expert, and I would advise anyone seeking actual tax help to consult their local Black-owned income tax professional regarding the technical jargon. But, I can tell you what I’ve personally experienced over the past years (as a small online business owner) and how it differs from having a…

The Spring and Summer seasons are great for business and generating income.  After a long winter, consumers are often eager to leave the confines of their homes and workplaces to escape the dreadful cabin fever.  Whether you are full time entrepreneur or a working Joe or Jane who would like to earn some extra cash on the side,  there are several opportunities you should take advantage of. Bookmark on Delicious…

If you’re trying to sell products online, one of the most important things to have are good photos.  An eye-catching photo can mean the difference between closing a sale or missing out on one.  It can also help you command a higher price for your goods. Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Subscribe to the…

We try to celebrate Black history every month by celebrating and encouraging black entrepreneurship. In honor of closing out this historic month, we’ve composed a list of 10 interesting facts about Black entrepreneurs.  Check them out! Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Subscribe to the comments on this post Tell a friend

Here’s a great interactive clip from Child Psychologist, Dr. Umar Johnson discussing his theory on whether or not a true Middle Class exists within the Black community. Check out the audio above and the information below. What is wealth?  Does he have a point? Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Subscribe to the comments on…

Remember the old saying “money doesn’t grow on trees”?  Well in some cases it actually does. Below, I’m going to go over several profitable (and legit) agricultural ventures that are fairly low costing but have decent profit margins. Before I get started, I just want to clear the air.  This article is not about traditional farming, where you rent or purchase land and buy or rent expensive tractors and such.  I’m…

When folks think of business and commerce in Nassau, Bahamas, hotels, jewelry stores and luxury apparel shops come to mind. With all of the decadence that exists in downtown Nassau, there are entrepreneurs who are taking advantage in a simple, yet lucrative business model. Food. Bookmark on Delicious Digg this post Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Subscribe to the comments…

Most of us can remember the common phrase “40 Acres and a Mule” growing up.  Often you’d hear the phrase refer to Spike Lee’s production company as well as a broken promise of reparation for slavery discussions.  Recently, I felt inspired to find out the origins of this saying and thought.  Did the phrase hold any truth to it, or was the saying a long forgotten element of African American…

WordPress is one of the best platforms to use if you are thinking about creating a website or blog for your business.  It’s really easy-to-use, and with so many free and paid templates/ themes, you can have your own website up in a matter of minutes…seriously. If you still don’t have a website yet, check out our step by step guide Here on how to create a WordPress website. Another…

One of the most important things that we should be focusing on in the Black community is economics, collectively building our money and investing back into our neighborhoods.  With consistently high unemployment rates, underemployment, and let’s not even get into poverty.  Most of the highest poverty rates in the US are located in predominately Black communities. It amazes me that every time I turn on the radio, or the tv,…

I recently had a conversation with a local entrepreneur who was considering selling her handmade soaps online, but was discouraged about accepting payments over the internet.  She told me that she didn’t want to pay fees for expensive merchant service providers and that “PayPal takes too long to deliver money”.  So, I told her about how I never have to wait to receive PayPal funds, because I have immediate access…

A few weeks ago, Post and Parcel reported that USPS would officially lift the ban on international parcels containing lithium ion batteries and begin allowing them to be shipped again.   Lithium ion batteries are most often found in electronic devices like cell phones and laptops.  The batteries pose a potential danger if they are damaged during shipment, because they have the ability to combust. In May 2012, Fast Company reported that…

New York City Mayor, Michael Bloomberg recently announced a new $5.5 million grant program to help the area’s local entrepreneurs.  The program is targeted to assist New York’s small business owners who have been trying to stay afloat since Hurricane Sandy hit the area. This comes as good news for many small business owners, especially with the holiday season being right around the corner. According to the New York Post,…