Other Added
#1 in Business Subscribe Email Print

You are here: Home > Business > Entrepreneurialism > Growing Our Own Entrepreneurs: A New Model for Black Entrepreneurship

Tags

  • goals
  • revenue
  • entrepreneurship needs
  • taughtwhat products
  • teaching entrepreneurship

  • Links

  • Funny Lines for Best Man's Wedding Speech
  • Are You Planning to Buy Your First Car?
  • Choosing a 0 Balance Transfer Credit Card
  • Other Added - Growing Our Own Entrepreneurs: A New Model for Black Entrepreneurship

    Great Crested Newts - Implications for UK Businesses and Developers
    Is your UK business likely to be affected by the Great Crested Newt? This amphibian species, legally protected in the UK under the Wildlife and Countryside Act, is common in many parts of Southern and Eastern England. In addition to the animals themselves, their habitat, consisting of ponds and ditches where they breed and land up to 500m from their breeding ponds/ditches, is protected by legislation. The legislation was strengthened in 2000 and the implications are still filtering through to business, with increasing impacts being felt particularly on business activities involving development and use of land, including brownfield sites.If you undertake an activity that harms this species or its habitat without having first obtained a site licence from DEFRA, you are likely to break the law and potentially face a significant fine. This applies regardless of whether you already have planning consent for a development activity.So if you have a pond, ditch or other water body on or near some land you are planning to develop, are you likely to have this species? Some factors that increase the risk of Great Crested Newts being present in a particular wa
    if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will

    Scary Wealth and Income Statistics
    According to U.S. Census data, there are over 4 million households in America with a net worth value above $1 million (apparently this number excludes equity in your first home). While many of us believe wealthy Americans inherited their wealth, or won the lottery, in actuality, 80% of the millionaires surveyed by the Census Bureau did not inherit their wealth, and about one-third of them achieved financial success by owning their own small business. An interesting book on this subject is The Millionaire Nextdoor, by Thomas Stanley. Although it is several years old, its content and message remain valid today.Additional Census data suggests 62% of America’s population will retire on less than $10,000 per year, and 96% of the nation’s population live from paycheck to paycheck. $10,000 per year is barely enough to pay rent on a goat to mow your lawn, much less meet medical expenses, travel, or share something more than a smile with your grandchildren. Don’t be a part of the 96% that live paycheck to paycheck. Don’t be a part of the 62% that fear the poverty of retirement. Life is too precious for this.For more free reports and listings of income oppor
    Given the effect of business ownership on the Black community and the widening wealth gap between Black and White Americans, it’s time to invest in our future and prepare our youth for careers as entrepreneurs. This article discusses the need for and lessons learned from youth entrepreneurship education for Black youth.

    Middle and high school Black students, especially those who find themselves struggling academically, too often complain that school seems irrelevant to both their present and future lives. The lack of understanding these students have about the workings of the market—and their place in it—systematically denies them opportunities for pursuing their dreams. Consequently, without dreams to pursue, many Black youth have little reason to invest in education and their own development.

    Previous research has revealed that Black youth have the highest entrepreneurial expectations amongst Asian, Hispanic and White youth. However, research also shows that Black youth do not have access to enough entrepreneurial programs to convert their desire into achievement. Thus, there is need to create more entrepreneurial programs for Black youth with relevant vision, goals and objectives.

    A 1999 study by the Office of Advocacy in the U.S. Small Business Administration estimates that between 1987 and 1997, the number of minority-owned businesses more than doubled. The revenues and number of employees nearly quadrupled.

    Much of this growth, however, came from recently arrived Asian and Hispanic immigrants. Moreover, Asians produced more than half of the half billion dollars in revenue minority businesses generated in 1997.

    To help counter this trend, youth entrepreneurial programs have sprung up that train youth in Black communities. Here are some examples:

    * The National Foundation for Teaching Entrepreneurship (NFTE) teaches the fundamentals of business to more than 4,000 low-income kids a year. Its business model is typical of all the youth entrepreneurial programs.

    * The NAACP recently launched its $1 million Reginald F. Lewis Youth Entrepreneurial Institute, which helps young entrepreneurs write and implement business plans. * Under the slogan, "It's dough money, not dope money," Champs Cookies Youth Entrepreneurship Society trains 60 African-American children a year how to manufacture and market their edible products in the nation's capital. On the surface, these programs seem highly beneficial, but after a closer look, questions arise about the lessons being taught.

    WHAT PRODUCTS AND SERVICES ARE CONSIDERED?

    Are Black youth taught to produce items genuinely needed by the community, or Pet Rocks and Saturday Night Specials? The business product used by NFTE throughout its materials is T-shirt silk-screening. The only important product consideration, according to NFTE, is that the product "must satisfy a need of the consumer," not the many needs of the community.

    WHAT EMPLOYEE POLICY IS TAUGHT?

    When you learn how to be an effective entrepreneur, you also learn the importance of paying livable wages and giving health-care coverage to your employees. The NFTE training program has a section on "ethical business behavior," but the focus is on ensuring that customers feel you are punctual, reliable, courteous, and well dressed, and that employees do not feel "used" – no mention is made of the role of wages or benefits.

    WHO OWNS THE EQUIPMENT AND MATERIALS?

    Is the ownership local, or is it a branch of Starkest Inc. with little commitment to the community? The NFTE entrepreneurship materials teach that: "Businesses come in three basic legal structures: The sole proprietorship, the partnership, and the corporations." However, the most popular business ownership structures in the community – cooperatives, municipally owned, and community stock-held companies – are not even mentioned.

    Too many youth entrepreneurship programs measure success by the number of local companies that become publicly owned, stock trading companies and the number of entrepreneurs transformed into millionaires.

    This is not good because when a company goes public the ownership link to a community is usually broken. A dozen thousandaires who keep ownership of their businesses local are far more important to the community's well being than one millionaire.

    Unless an enterprise is anchored to the community through dispersed ownership, its owners are likely – once successful – to move to the suburbs (or, if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will c

    Using Associations in Your Job Search
    Professional associations focus on individual members with similar professional backgrounds and work experience. Trade associations represent corporations within an industry sector or with a common policy agenda.Associations, Professional Societies, and other organizations are an important element in any Management, Professional or Executive job search.Networking ResourcesAssociation web sites are an excellent source of career & job search networking contacts. Many web sites include membership lists. Often the national site will have links or directories of the local chapter sites and you can target you networking efforts to your geographic area. Most communities have a local Chamber of Commerce and they usually print a member directory as an aid to members doing business with other members.Virtually every association offers local or regional meetings for their members to network and build professional skills. Meetings are often open to nonmembers as well, providing a great way to learn more about an association before joining.If you elect to join an association, consider joining or participating in one of
    reneurial programs for Black youth with relevant vision, goals and objectives.

    A 1999 study by the Office of Advocacy in the U.S. Small Business Administration estimates that between 1987 and 1997, the number of minority-owned businesses more than doubled. The revenues and number of employees nearly quadrupled.

    Much of this growth, however, came from recently arrived Asian and Hispanic immigrants. Moreover, Asians produced more than half of the half billion dollars in revenue minority businesses generated in 1997.

    To help counter this trend, youth entrepreneurial programs have sprung up that train youth in Black communities. Here are some examples:

    * The National Foundation for Teaching Entrepreneurship (NFTE) teaches the fundamentals of business to more than 4,000 low-income kids a year. Its business model is typical of all the youth entrepreneurial programs.

    * The NAACP recently launched its $1 million Reginald F. Lewis Youth Entrepreneurial Institute, which helps young entrepreneurs write and implement business plans. * Under the slogan, "It's dough money, not dope money," Champs Cookies Youth Entrepreneurship Society trains 60 African-American children a year how to manufacture and market their edible products in the nation's capital. On the surface, these programs seem highly beneficial, but after a closer look, questions arise about the lessons being taught.

    WHAT PRODUCTS AND SERVICES ARE CONSIDERED?

    Are Black youth taught to produce items genuinely needed by the community, or Pet Rocks and Saturday Night Specials? The business product used by NFTE throughout its materials is T-shirt silk-screening. The only important product consideration, according to NFTE, is that the product "must satisfy a need of the consumer," not the many needs of the community.

    WHAT EMPLOYEE POLICY IS TAUGHT?

    When you learn how to be an effective entrepreneur, you also learn the importance of paying livable wages and giving health-care coverage to your employees. The NFTE training program has a section on "ethical business behavior," but the focus is on ensuring that customers feel you are punctual, reliable, courteous, and well dressed, and that employees do not feel "used" – no mention is made of the role of wages or benefits.

    WHO OWNS THE EQUIPMENT AND MATERIALS?

    Is the ownership local, or is it a branch of Starkest Inc. with little commitment to the community? The NFTE entrepreneurship materials teach that: "Businesses come in three basic legal structures: The sole proprietorship, the partnership, and the corporations." However, the most popular business ownership structures in the community – cooperatives, municipally owned, and community stock-held companies – are not even mentioned.

    Too many youth entrepreneurship programs measure success by the number of local companies that become publicly owned, stock trading companies and the number of entrepreneurs transformed into millionaires.

    This is not good because when a company goes public the ownership link to a community is usually broken. A dozen thousandaires who keep ownership of their businesses local are far more important to the community's well being than one millionaire.

    Unless an enterprise is anchored to the community through dispersed ownership, its owners are likely – once successful – to move to the suburbs (or, if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will

    No One Answers The Phone But The Sales Department
    I am writing this column prompted by a recent column in USA Today concerning the difficulty in getting to a live person when experiencing service troubles. The writer gave examples of some national companies that were difficult, if not impossible, to get to if one needed to speak with a live person for help.I laughed as I read the article knowing full well that here in the Mid-South, land of hospitality and assistance, this was not the case. I knew that my local providers put emphasis on customer service and support. Ease of solutions was the southern way, I thought.I also knew that, utilizing my own technical wisdom and knowledge, I would never purchase a product or service from a company that made it difficult to speak to someone who would help me. My life was exempt from delays in getting help due to automated attendants and answering devices standing between help and me.Wrong.I made a list of the important products and services that I use every day in work and at home. These include my local telephone service, long distance, wireless provider, PC hardware and software support, Direct TV, cable TV (yep…I’ve got both. I’ll tell
    ies Youth Entrepreneurship Society trains 60 African-American children a year how to manufacture and market their edible products in the nation's capital. On the surface, these programs seem highly beneficial, but after a closer look, questions arise about the lessons being taught.

    WHAT PRODUCTS AND SERVICES ARE CONSIDERED?

    Are Black youth taught to produce items genuinely needed by the community, or Pet Rocks and Saturday Night Specials? The business product used by NFTE throughout its materials is T-shirt silk-screening. The only important product consideration, according to NFTE, is that the product "must satisfy a need of the consumer," not the many needs of the community.

    WHAT EMPLOYEE POLICY IS TAUGHT?

    When you learn how to be an effective entrepreneur, you also learn the importance of paying livable wages and giving health-care coverage to your employees. The NFTE training program has a section on "ethical business behavior," but the focus is on ensuring that customers feel you are punctual, reliable, courteous, and well dressed, and that employees do not feel "used" – no mention is made of the role of wages or benefits.

    WHO OWNS THE EQUIPMENT AND MATERIALS?

    Is the ownership local, or is it a branch of Starkest Inc. with little commitment to the community? The NFTE entrepreneurship materials teach that: "Businesses come in three basic legal structures: The sole proprietorship, the partnership, and the corporations." However, the most popular business ownership structures in the community – cooperatives, municipally owned, and community stock-held companies – are not even mentioned.

    Too many youth entrepreneurship programs measure success by the number of local companies that become publicly owned, stock trading companies and the number of entrepreneurs transformed into millionaires.

    This is not good because when a company goes public the ownership link to a community is usually broken. A dozen thousandaires who keep ownership of their businesses local are far more important to the community's well being than one millionaire.

    Unless an enterprise is anchored to the community through dispersed ownership, its owners are likely – once successful – to move to the suburbs (or, if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will

    The Publishing Business
    Publishing is a fascinating business and the process that goes into the making of books and newspapers is an interesting one. These days, with the world of digital information and the internet upon us, the scope of publishing now also includes websites, blogs and the like.From the business perspective, publishing isn't just printing literature or information but also the development, marketing, distribution and even promotion of the printed works. It is not as simple as it may seem.The publishing process begins with the written work or the copy. Many aspiring and unpublished writers often submit manuscripts to publishing houses in the hopes of seeing the light of print. These end up in a slush pile which editors sift through, and the great majority of these contributions are often rejected. Usually, book and magazine publishers commission copy from known and established writers, and unsolicited works have a slim chance of getting published. The prudent thing for a writer to do to get published is to first submit a query or a proposal. It also helps if you have a literary agent who has access to major publishers.Once a publisher accepts a wor
    e of the role of wages or benefits.

    WHO OWNS THE EQUIPMENT AND MATERIALS?

    Is the ownership local, or is it a branch of Starkest Inc. with little commitment to the community? The NFTE entrepreneurship materials teach that: "Businesses come in three basic legal structures: The sole proprietorship, the partnership, and the corporations." However, the most popular business ownership structures in the community – cooperatives, municipally owned, and community stock-held companies – are not even mentioned.

    Too many youth entrepreneurship programs measure success by the number of local companies that become publicly owned, stock trading companies and the number of entrepreneurs transformed into millionaires.

    This is not good because when a company goes public the ownership link to a community is usually broken. A dozen thousandaires who keep ownership of their businesses local are far more important to the community's well being than one millionaire.

    Unless an enterprise is anchored to the community through dispersed ownership, its owners are likely – once successful – to move to the suburbs (or, if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will

    Better Brand Research: What Customers Want
    Several years ago I came across one of the most useful and practical articles on market research I have ever read -- “How To Turn Customer Input into Innovation” by Anthony Ulwick.Published in the January 2002 Harvard Business Review, the article briefly outlined a methodology and set of tools for gathering customer input in a way that actually drives product innovation. In addition, the article illustrated how Cordis -- a medical device manufacturer specializing in products for interventional vascular medicine -- used Ulwick’s approach to innovate the heart stent and gain market leadership in the angioplasty balloon market. As a result, Cordis’ stock went from $20 to $109 per share when it was acquired by Johnson and Johnson.Now, Ulwick has updated his tools and provided a more comprehensive look at his methodology in his recently released book, What Customers Want McGraw Hill). This book should be required readying for anyone involved in product development and marketing. Partly because it offers a comprehensive, step-by-step approach for converting innovation from a random hit-or-miss process into a more methodical approach, but also because
    if they are successful, locate offshore in Mexico, India, etc). When that happens, of course, the economic multiplier and tax payments no longer benefit the community.

    On the other hand, businesses owned by community residents, can become long-term assets for local development. Unlike their global competitors with no ties to place, who tend to flee when labor and environmental standards rise.

    One of the few National Football League teams that has not tried to extort a new stadium or other bribes from the community by threatening to move if its demands were not met is the Green Bay Packers – a community-owned nonprofit.

    TIME FOR A NEW MODEL

    With the widespread, poverty, homelessness, unemployment, underemployment, unhealthiness and criminality in the Black community, a new model of entrepreneurship needs to emerge. If we seriously want to improve our situation, we must strengthen our collective economic position.

    This means working cooperatively. It also means the motive of men becomes increasing the quality of community instead of increasing profit in their pockets. Increased profit will come later from the more efficient production of literate, healthy and happier Black people in the community.

    The new model is important for several reasons: First, it comes from the united efforts of Streets University, Ikoja, Weed and Seed, local Black entrepreneurs, community-focused activists, and philanthropists.

    Second, it addresses the What, How, and Who (quality of community attributes). The new model teaches Black youth that fulfilling unmet local needs is, by definition, going to be better for the community than exporting yo-yos. This new model uses the follows the powerful tactics and strategies laid out by a website like www.inside-secrets-for-black-business-development.com . One such program is Urban SEED (Sustainable Economic and Environmental Development), based in Alameda, California, which encourages its trainees to focus on micro enterprises that grow organic food and generate renewable energy.

    Another is the Detroit Farmers Cooperative, which operates seven community gardens and five neighborhood-based markets, all run by seven young African Americans, 14 to 16 years old. In addition, the Hope Takes Root program in Detroit employs homeless men to grow food for local meals programs for the poor.

    Third, a community that moves toward self-reliance is often rewarded with a higher economic multiplier. Economists sometimes say that a community should be indifferent about whether a new business produces $100,000 worth of apples for export or $100,000 worth of apples for local consumption, since each injects $100,000 of productive activity into the local economy.

    However, there is a difference. In both cases, the business realizes $100,000 of sales and re-spends it in the local economy. However, in the latter case, consumers also spend $100,000 locally that they otherwise would have had to spend outside the community to import apples. Every time a community chooses to import an item it could just as easily make for itself, it is giving away another piece of its multiplier.

    Finally, a self-reliant community enjoys greater tax receipts. Again, the business taxes from the $100,000 exporter and the $100,000 import-replacer are identical.

    To satisfy the need for a new model of community-focused entrepreneurial education for Black youth, Rightbrain Initiative, Ikoja, and Weed and Seed launched Streets University. Streets University is a youth entrepreneurial education program taught by experienced facilitators with both academic and industry experience. It consist of six weekly 4-hour classes, designed to transfer basic business know-how , as well as, teach Black youth about products genuinely needed by the Black community, treating employees properly and bringing economic control to the community. The series includes a business-learning workbook that gives practical, hands-on, how-to instructions and email address for each student. A typical class consists of the business lesson, cultural impact, and workshop and group breakout sessions.

    This article has discussed the need for and lessons learned from youth entrepreneurship education for Black youth.

    In conclusion, a new model of youth entrepreneurship education, Streets University, has been developed. It comes from the collaborative efforts of Rightbrain Initiative, Ikoja, Weed and Seed, Black entrepreneurs, community-focused activists, and philanthropists. The new model addresses the need for more entrepreneurial education for Black youth, the What, How and Who quality of community attributes and moves toward self –reliance. Please help build a better tomorrow for our children and community by supporting Streets University with your encouragement, sponsorships, and resources.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.otheradded.com/article/17034/otheradded-Growing-Our-Own-Entrepreneurs-A-New-Model-for-Black-Entrepreneurship.html">Growing Our Own Entrepreneurs: A New Model for Black Entrepreneurship</a>

    BB link (for phorums):
    [url=http://www.otheradded.com/article/17034/otheradded-Growing-Our-Own-Entrepreneurs-A-New-Model-for-Black-Entrepreneurship.html]Growing Our Own Entrepreneurs: A New Model for Black Entrepreneurship[/url]

    Related Articles:

    Adding Radio Advertising to Your Direct Marketing Mix

    The Real Estate Rookie - Tips for Starting Your Career

    Women & Entrepreneurship

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com