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Business

TREPS to some, young entrepreneurs to others

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.

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Tennessee lands six companies among top-grossing black-owned businesses

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.

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Costs of care giving

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

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What’s with the newfound interest in Africa?

by James Clingman
NNPA News Service

Have you noticed all the current efforts to promote business opportunities in Africa? I sure have. Have you wondered how now, all of a sudden, so much emphasis is being placed on Africa by politicians? I sure have. Have you seen and heard about conferences and initiatives taking place across this nation that stress the importance of business connections with the Motherland? I have, too.

Why is this happening now? Why is Africa so vital to our economic interests now?

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  • Written by NNPA News Service

Prepare your kids for summer job expenses

by Jason Alderman
NNPA News Service

High school and college students hoping to find temporary jobs may be in for a tough time this summer – once again – as they compete with older, more experienced workers in a still-struggling economy. But if your kid is fortunate enough to find work, there are a few things he or she – and you – should know about the economic and tax ramifications of temporary employment:

Payroll deductions. If this is their first job, warn your kids about common payroll deductions that can take a big bite out of take-home pay.

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  • Written by NNPA News Service

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