From bow ties to tennis shoes, young entrepreneurs are making their mark on the world. Fueled by creativity, desire and ambition, these young folks are not only inspiring, they are showing us how it should be done. Thabiti Stephens is a case study. At 20, Stephens, owner of Steps by Stephens, is one of the youngest business owners in the athletic shoe industry.
Carlee McCullough: Tell us about yourself.
Thabiti Stephens: My name is Thabiti Stephens and I am from Atlanta, Ga. I am a Business Marketing major and a rising junior at Morehouse College. I am the founder and CEO of Steps by Stephens.
Entrepreneurship is not for the faint of heart. But no one mentioned that to Moziah Bridges, a 10-year-old student at Rozelle Elementary School.
With a little more than a year of business ownership under his belt, Moziah has already made a splash and a name for himself as a young mogul in the making. His company is appropriately titled Mo's Bows since his specialty is bow ties for those stylish and well-groomed individuals seeking to make a fashion statement.
Manning booths at artisan fairs, picking his own fabric and sewing the bow ties himself all demonstrate that Moziah is more than dedicated to growing his business.
Toward the end of 2011, an index that measures the hiring intentions of small businesses rose to its highest level in three years, and another report estimated that small businesses have added about 1.2 million new jobs since October 2009. All told, businesses with fewer than 500 employees have created about 65 percent of new jobs in the United States over the last 20 years.
A $2,977,865 award from the Center for Medicare and Medicaid (CMS) Innovation Center is headed for the Memphis area for a program designed to improve medication adherence and effective medication usage among high-risk patients in the northwest and southwest sections of the city.
TREPS – according to the Urban Dictionary – is short for young entrepreneurs and the word has made its way into mainstream culture as do most words associated with things cool and hip.
Tune into shows such as "Shark Tank" or visit websites such as www.entrepreneur.com, and you are likely to encounter a growing class of business owners who are the embodiment of the term. This month, TREPS will be our On Our Way To Wealthy focus.
Six Tennessee companies are among the nation's top-grossing black-owned businesses as listed in Black Enterprise magazine's 40th annual BE100s report.
The cornerstone of the publication's June issue, the analysis includes 230 companies broken down into seven categories: industrial/service companies, auto dealers, advertising agencies, private equity firms, investments banks, banks, and asset management firms. The Black Enterprise list is widely recognized as the most authoritative analysis and ranking of the nation's most successful African-American companies.
More than 65 million Americans – about one out of three adults – provide care for someone who is ill, disabled, or aged. Although these caregivers are unpaid, the total value of their efforts is estimated at $450 billion annually – more than the value of paid home health care and more than the 2010 retail sales of Wal-Mart, the world's largest retailer.
Not surprisingly, about two-thirds of all caregivers help someone who is age 50 or older