Black Business Owners on The Rise
This paper will tell that black buisness owners is on the raise in our economy and in our
community.And owning a black buisness has advantages an many disadvantages. Getting
loans to start up your buisness is stressing, and can get you in the mind that I am not going
to succide. To tell the others of owning your own buisness has it's own freedoms.
Owning your own business for African American people "Black People". Can be extremely
hard to start from the experiences of several family members. My family members told me that
when they had the idea. And decided to go looking to make that dream come true but what
held them back is banks say no when they go looking for loans start up loans they say. They
kept pursuing and eventualy they found a bank that would. Give them the money they needed
to start up their buisness and to buy equipment and other buisness material. They say the only
reason they got a loan is "Because they never stopped trying".
I myself have seen the advantages of black ownership in my family. A few of my family
members own their own buisness our buisnesses. My grandmother own's a buisness in which
she sales product's over the internet and customers order online and we ship the products
out to them. She also own a home based buisness where she sells self defense products like
pepper spray , mase,stun guns etc. She also have things going on the side she does a program
named Pre-Paid Legal Services. The advantages to her buisness she says is that she won't
have to worry about is money problems. Working for white people and clocking in 40 or more
hours a week last but not least working with white people.
We have all seen commericals about FuBu with all these famous black stars advertising the products.The headline in Ebony says Young Blacks Score with "For Us By Us".The owners and makers
of FuBu are four young black men Damon John , John Perrin , Carl Brown , and J. Alexander they're
29 year old brothers . FuBu are almost over throwing Hilfiger and Ralph Lauren . These young black
buisness owners have grossed a $ 350 million dollar fashion empire .
I have alot of feelings on this topic because I myself want to become a future muti - millionaire and
buisness man . Achieveing my first millions as a NFL player and useing my salary as my own start up
loans . Useing my money to open up several stores such as Donna Sac's , Max Greens , Foot Locker ,
Mrs. Fields , Barber Shops etc . Owning your own buisness has alot of freedom you won't be working
for any body and you will be your own boss . I say it also has alot of respondsibilty for one person to
deal with but I [next page]