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Business

Building minority leaders in the world of construction

builders
Memphis is experiencing a metamorphosis in the entrepreneurial space, with advocacy, incubation and acceleration entities for start-ups and existing businesses growing and becoming more accessible.
 
For example, the Greater Memphis Chamber Chairman’s Circle has created its Moon Missions and the Economic Development Growth Engine has a small business loan fund. And while the change is welcomed, Memphis still is experiencing a gap between business owners that are minority owned and their counterparts.

Catch up for a more comfortable retirement

money matters
Seven out of 10 workers aged 50 and older are confident that they will have enough money to cover basic expenses in retirement. When it comes to the prospect of living comfortably in retirement, however, the percentage expressing confidence drops to 53 percent — and only 14% are “very confident.”
 
If your retirement account balance is lagging and you are 50 or older, you can give your savings a boost by taking advantage of catch-up contributions that are available for IRAs and employer-sponsored retirement plans.

Lawyers of Color 2014 Hot List has a Memphis element

baptist
Ahsaki Baptist, an attorney with Wyatt, Tarrant & Combs, LLP, has been named to the Lawyers of Color 2014 Hot List, which recognizes minority attorneys that excel in the legal field.  
 
Lawyers of Color, a Washington D.C.-based media and research group that promotes the causes and contributions of the nation’s minority attorneys, annually selects honorees that excel in the legal field and are involved in initiatives that promote diversity.

Be careful about cashing out

money matters
Since the recession, Americans have been keeping their jobs longer. In 2012, the average tenure for U.S. workers was 4.6 years, up from 3.7 years in 2002. Even so, there’s a good chance you may move on to a new job in the not-too-distant future, and when you do you could face a decision about how to handle any funds you have accumulated in your employer-sponsored retirement plan.
 
Typically, you have four choices, depending on the situation:

Fall and winter businesses

wealthy
The time for summer vacations, parties and lounging by the pool is coming to a close.  As the kids begin school, seasonal summer businesses of lawns and pool cleaning will soon come to an end.  But have no fear, fall and winter bring additional opportunities for entrepreneurs to earn income.
 
There are a number of seasonal fall and winter businesses that have a low cost of entry.  These businesses do not necessarily require major startup capital or years of training to pursue.
 

What investment risks should I know about?

money matters
Taken by itself, the word "risk" sounds negative. But broken down into what it really stands for in terms of investing, it begins to be a little more manageable. By understanding the different types of risk and keeping an eye on your investments, you may be able to manage your money more effectively. Remember, strategic investing doesn’t mean "taking chances" so much as "making decisions." Long-term investing and diversification may be some of the most effective strategies you can use to help manage investment risk; however, neither guarantees against investment loss.

Made In Rural America

on wealthy
“Only the Serious Need Attend” could have been the slogan for the Made In Rural America forum held at Southwest Tennessee Community College – Macon Cove Campus last week (July 17th).
 
In a small amount of time a tremendous amount of information was shared with those serious enough to consider doing business outside of their perceived comfort zone. The context was this: While most businesses focus on a local market and a few become national, there are some that have their business so together that they can pursue business on an international level.

Naturals in the City Hair & Wellness Expo – Year III

natural hair expo
 
There is an empowering ring to the thought that natural beauty has an inside presence just waiting for the embrace of women, men and children. In that sense, TaKeisha Berry-Brooks is an empowering person.
 
 
The founder of the Naturals in the City Hair & Wellness Expo, Berry-Brooks was an organizer in motion this past weekend as the third annual event unfolded, drawing a lively crowd to Minglewood Hall on Saturday.