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Common Thread Of Failure In Black Businesses Revealed

Common Thread Of Failure In Black Businesses Revealed

Atlanta, GA — A recent study conducted by the Entrepreneurs Incubator Institute revealed that black businesses fail at a rate 18 times higher thanthat of their white counterparts with the exact same qualifications.

The report cited that blacks are unfairly expected to achieve at the same levels as whites due to the broad stroke comparisons. Devin Robinson, business and economics professor and founder of EII stated, “The failure in black businesses often starts from the owner’s youth and discriminatory factors. Most blacks are only motivated to become entrepreneurs when corporate America rejects them. This rejection is often due to a criminal conviction, culture disconnect, underperforming aptitude or something that happened to that person as a youth. In addition, schools often put more energy into high performing students, leading to even better performance out of them. Average or underperforming students are rarely given enough attention and development, leading to worse performances.”

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One bar of soap at a time – Part 1

One bar of soap at a time – Part 1

After a long day at work, there is nothing like a hot bath or shower to release the stresses of the day. Various scented shower gels, bubble baths, and bar soaps are all choices at our fingertips to assist in our relaxation. But rarely do we find any bath products that assist in skin moisturizing or acne breakouts without the smell coming across as medicinal.

Kimeli Wade is a go-getter who has found her niche in the soap industry. The bars are uniquely designed and the smell is wonderful. I was taken aback to hear some of the skin soothing effects of the products. This week, Wade shares her journey with us.

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On Our Way to Wealthy: Allworld Films

On Our Way to Wealthy: Allworld Films
Have you ever experienced a movie with footage that was in the air or over water? The beauty of the scene can often be breathtaking. So when I stumbled across Allworld Films, I was taken aback by their aerial capability. 
 
Allworld Films is a full-service production company specializing in aerial video and photography. 

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Five Things You Should Know About Getting Approved for a Business Loan

Five Things You Should Know About Getting Approved for a Business Loan
Myths and misconceptions about the reason banks decline loans and the rate at which this happens are as common today as ever. As a banker, it’s my goal to bring clarity to the process, and explain what it takes for a business to get a loan and why a loan application may be declined.
 
Let me share a few credit basics small business owners should know before applying for a loan that may make the loan review process easier to understand.

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‘People’ Magazine’s Only Ever Black Editor Suing For Discrimination

‘People’ Magazine’s Only Ever Black Editor Suing For Discrimination
Tatsha Robertson, 48, was the only Black senior editor People magazine has ever had. Following her being laid off in May, Robertson filed a lawsuit claiming she was discriminated against by her boss and that her time at the magazine was fraught with racial tension.
 
People is “a discriminatory organization run entirely by white people who
intentionally focus the magazine on stories involving white people and white celebrities,” Tatsha Robertson’s said in her suit.

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Young professionals urged to ‘unite and lead’ at empowerment conference

Young professionals urged to ‘unite and lead’ at empowerment conference
(Brandi Richard is president of the National Urban League Young Professionals, which exists to support the National Urban League affiliates. There are 55 chapters and over 5,000 members. She has a vision for NULYP’s members and chapters and will be in Memphis to keynote “Empowerment Conference 2014” at Hilton Memphis, Aug. 22-23. She shares her experiences as national leader of a group of young, diverse professionals with TSD President and Publisher, Bernal E. Smith II.) 
 
Bernal E. Smith II: Tell us about the Urban League Young Professionals?  What is it?  Why does it exist (purpose)? How many chapters/members?
Brandi Richards: The National Urban League Young Professionals exists to support National Urban League affiliates through volunteerism, philanthropy and member (leadership) development. NULYP is made up of 55 chapters and over 5,000 members. Our network extends to over 2.5 million individuals on social media.  Our members volunteer over 50,000 hours a year and over the past three years have given over $1 million to the Urban League to the affiliate network.
 

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  • Written by Bernal E Smith II

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