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Business

Where is the money?

Where is the money?

When moving forward in various businesses, often times there is a need for additional capital. Whether it is for the purpose of purchasing equipment, operating capital, or contract financing, most bus

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Strategic help on tap for small business owners

Strategic help on tap for small business owners

Sue Malone, the SBA's number one volume-based loan provider and founder of "Strategies for Small Businesses" in San Francisco, CA, will facilitate a Small Business Loan Workshop at the Renaissance Business Center located at 555 Beale Street on Sept. 9.

Malone will discuss funding availability for startup businesses or expansion options for current businesses.

"Sue really has a niche for doing small business loans, particularly those for $25,000 and under," said Rory Thomas, executive director of the Tennessee Small Business Development Center (TSBDC) at Southwest Tennessee Community College.

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15 year old’s IT company worth $3.5 million

15 year old’s IT company worth $3.5 million

How many people can say they earned their first million before being old enough to drive? Jaylen Bledsoe, 15, of Gazelwood, Mo., is among the lucky few.

The high school sophomore founded his own tech company, which specializes in web design and other IT services, Bledsoe Technologies, at the ripe age of 13 years old. In just over two years the tech titan managed to expand his small business – run by two people – into a global venture worth $3.5 million, employing 150 contracted workers.

Bledsoe credits a web design class, offered as apart of his school's gifted education program, as the foundation for his business idea. When he's not busy running a global technology company, you can find Bledsoe partaking in more typical high school roles such as being president of the Student Council and the Parent Teacher Student Association.

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PomWave gets a ‘MeMpHiTz’ face

PomWave gets a ‘MeMpHiTz’ face

(PRNewswire) – Ampro Industries, Inc. – manufacturer of Ampro Pro Styl®, the No. 1 Gel in the U.S. – is making Mickey 'MeMpHiTz' Wright Jr. the face of PomWave, the newest addition to the Shine 'n Jam® product line.

Ampro Industries, Inc. is a Memphis-based manufacturer of multi-cultural hair care and beauty products. PomWave is a styling pomade for men that Ampro pitches as uniquely "free of wax, petroleum, grease and silicones ... alcohol, parabens, sulfates and dyes...."

"To say I'm elated at the opportunity to team up with Ampro once again would be an understatement. This new, greaseless wave pomade is an amazing product that I am using daily now to maintain and optimize the appearance of my natural wave pattern," said MeMpHiTz.

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A true story about true value

A true story about true value

Let me tell you a true story about one of my friends.

His city was going to allow one permit to build a medical waste facility (an environmental friendly incinerator to destroy the wastes). He recogni

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  • Written by Harry C, Alford

Officially undercapitalized

Officially undercapitalized

The day has come for the doors of your business to open. The paint is fresh on the walls, the business cards are professionally printed and the widgets are ready to be sold. There is a little money left in the bank but not enough to cover the rent for next month or payroll.

This means that the business is officially undercapitalized.

Undercapitalization means a business does not have and cannot obtain the funds required through equity or debt for current operational expenses or to pay creditors. With little money remaining to cover the operational costs, the business is exposed to risk and potentially bankruptcy.

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Wave of fast food strikes hits 60 cities

Wave of fast food strikes hits 60 cities

Fast food workers in 60 U.S. cities – including Memphis –walked off the job Thursday in a protest for higher wages.

Workers from fast food giants McDonald's, Burger King, Wendy's and Yum Brands-owned KFC are calling on their employers to pay them a minimum of $15 an hour and allow them to form unions without retaliation.

Currently, the median pay for the fast food workers across the country is just over $9 an hour, or about $18,500 a year. That's roughly $4,500 lower than Census Bureau's poverty income threshold level of $23,000 for a family of four.

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  • Written by CNN

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