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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

Partner up for success, says Economic Development Forum keynoter

Partner up for success, says Economic Development Forum keynoter

Warren Thompson guides the largest minority-owned restaurant/hospitality company in the country, with revenues of over $320 million. He knows about the value of partnerships.

On Wednesday (Aug. 28), Thompson, president and chairman of the Thompson Hospitality Corporation, pitched the importance of partnership and having like-minded partners while delivering the keynote address at the Economic Development Forum Power Breakfast at the Memphis Cook Convention Center.

The Mid-South Minority Business Continuum (MMBC) produces the Economic Development Forum (EDF) annually. For President & CEO Luke Yancy III and the MMBC team, the 2013 Economic Development Forum is another step in an ongoing push to grow minority and women-owned business enterprises (M/WBEs).

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