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Keeping the Faith: UrbanAmerica CEO Richmond McCoy

The Business of Faith: How to Keep Churches from Foreclosure

UrbanAmerica Principals CEO Richmond McCoy plans to stem church foreclosures through his consulting service

Ordained minister and UrbanAmerica CEO Richmond McCoy aims to bring business and faith together and…

By Alan Hughes

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Horne during Golden Sach's 10,000 Small Business Awards

How 10,000 Small Businesses Can Get Capital

Goldman Sach's 10,000 Small Businesses initiative aimed at under-served communities

Goldman Sach’s 10,000 Small Businesses initiative aimed at under-served communities

By Alan Hughes

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WATCH: How to Ask Someone to Be Your Mentor

Entrepreneur Bert Gervais, aka The Mentor Guy, tells you how to land the mentor you want

Entrepreneur Bert Gervais, aka The Mentor Guy, tells you how to land the mentor you…

By Bert Gervais

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(Image: Thinkstock)

Choose the Right Credit Card for Your Business

Here’s what you need to know before closing a deal on an account

The Wall Street Journal breaks down what you need to know when shopping for the…

By BlackEnterprise.com

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6 Mind Traps That Could Sabotage Your Business

While women have great entrepreneurial potential, one entrepreneur says they often fall into "mind traps." Here are six to look out for

While women have great entrepreneurial potential, we often fall into various “mind traps” that…

By Rosetta Thurman

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3 Ways to Maintain A Healthy Relationship While Building Your Business

How to make sure passion for your business doesn't kill the passion in your relationship

Small business expert Felicia Joy tells how to make sure your passion for your business…

By Felicia Joy

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Accelerate your payments and delay your collections. Towards the year end, purchase any needed supplies and delay any collections. Purchasing supplies will lower your profit thereby reducing the amount of taxes paid in the current year. Delaying collections will lower your income level, thereby reducing the tax amount owed in the current year. Although the taxes will not be assessed in the current tax year, they will be delayed to the next year. “I definitely do caution business owners because, if they spend too much at year-end, in January, some companies, they’re struggling to make payroll,” says Robbie Hampton. However, this strategy really only works when the company is profitable.

10 Year-End Small Biz Tax Tips

These measures can help save your business time and money

These end-of-year measures can help save your business time and money

By Alan Hughes

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Is Your Product Viable? 5 Questions You Need to Ask

Before forging down the path of entrepreneurship, ask yourself these five key questions

If you’ve decided to pursue the path of entrepreneurship by introducing a new product to…

By Tracy Foster

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money

7 Ways to Avoid a Cash Flow Crunch

Dodging these pitfalls can help your small business finances

Too often, small businesses end up in a cash flow crunch because the need to…

By Alan Hughes

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During the 41st Congressional Black Caucus Foundation Annual Legislative Conference, Congressman Hansen Clarke of metro Detroit hosted a panel entitled, “Social Media and Entrepreneurship” on September 23, 2011.  One of the action items from the panel was to create a ‘Social Media + Entrepreneurship Resource List’ that entrepreneurs could use to grow successful businesses.  Below, you will find a comprehensive resource list of third party apps, blogging, financial, calendar, and mobile tools that entrepreneurs can utilize immediately. —Compiled by Hajj Flemings and Wayne Sutton

36 Top Social Media & Online Tools for Entrepreneurs

The best social media tools to grow your business

Tech experts Hajj Flemings and Wayne Sutton compile a comprehensive list of tools and resources…

By Hajj Flemings

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Mudslinging in politics and the press makes it a challenge to learn the facts about President Barack Obama’s record so far in office.  You would think that healthcare policy is the only area in which he has had an impact.

Being a business owner and concerned citizen, and knowing that entrepreneurship and business growth are ultimately going to be the driving forces of new job creation, I decided to go on a fact-finding mission to learn more about what President Obama has done for entrepreneurs and small business.  Here are five facts that we never hear about in the mainstream press. —Felicia Joy

5 Ways President Obama Has Helped Entrepreneurs

Don't be fooled by the headlines, the commander-in-chief supports small business

While many focus on the President’s healthcare policies, he has also made great strides in…

By Felicia Joy

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Every small business owner should position his or herself as a thought leader in their industry or arena of business. Launching a business blog can be an important part of any successful entrepreneur’s business strategy to help meet their business goals. The Internet is driven by links and every blog post is a unique listing in Google, so it’s time to establish social proof of your business acumen by blogging. While blogging has been around for a while some don’t know the intricacies of being successful at it. Here are eight basic tips to get you started on the right track. —Hajj Flemings

8 Blogging Basics for Small Business Owners

Starting a blog is only the first step, here's what you need to make it a successful business

Blogging has become an important part of promoting a business. Here are key steps in…

By Hajj Flemings

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How to Build a Race-Neutral Brand

Being a black entrepreneur doesn't have to define your business. Here are some strategies for attracting a diverse customer base

Being a black entrepreneur doesn’t have to define your business. Lauren Maillian Bias gives a…

By Lauren Maillian Bias

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5 Steps To Creating Your Profitable Tech Start-Up

Position your company to become a future industry leader

Black entrepreneurs must be creative, however, to advance to the next stage in the Innovation…

By Derek T. Dingle

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NBA Coach Avery Johnson’s Leadership Lessons

Nets coach offers insightful advice on inspiring and turning your team around

The NJ Nets coach tells how to take your team from worst to first

By Alan Hughes

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Whether you want to call it a recession or a slow recovery is irrelevant. As long as the unemployment rate remains at its current levels, corporations and consumers will be reluctant to spend. For entrepreneurs looking to do business with large corporations in this environment, it's critical that they understand the need to increase their financial literacy---for example, knowing when and how to use equity, versus debt. James H. Lowry, a senior counselor at Boston Consulting Group, a global management consulting firm, also offers the following seven pieces of advice.---Alan Hughes

7 Steps for Small Business Success

Expert tips on how to position your business to grow in any economy and compete with the big dogs

Exert tips to help your small business compete with the big dogs

By Alan Hughes

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Preview B.E. Business Report: Russell Simmons’ “Super Rich”

Also: Financial educator Alvin Hall, the Garage Door Company, Porsche's driving school

Legendary hip-hop music and fashion mogul, philanthropist and author Russell Simmons is the featured Power…

By BlackEnterprise.com

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Entrepreneur

How to Be Your Own Boss

These five steps will help you decide if you're ready to sit at the head of the table

These five steps will help you decide if you’re ready to sit at the head…

By Alan Hughes

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Every entrepreneur wants to build a brand that inspires confidence, quality and reliability, knowing that customers’ belief in your product or service translates into revenue. In short, people put their money where their trust is. But trust can be a fickle thing. It can be difficult to earn and even then, requires constant maintenance. And if that trust is shattered, it can mean the end of an enterprise. 	In his book, The Trust Edge: How Top Leaders Gain Faster Results, Deeper Relationships, and a Stronger Bottom Line, author and business strategist Dave Horsager discusses the correlation between trust and profits. “I think it's the key bottom line indicator even though someone might think at first glance it's a soft skill,” he asserts. “I prove out how it really does affect the bottom line and of course it affects impact and everything else.” He also offers what he refers to as the “8 pillars of trust.” —Alan Hughes

8 Ways to Build Trust in Your Brand

One of the keys to running a successful business is having a strong and reliable reputation

There’s more to branding than simply having a catchy name and logo, any entrepreneur looking…

By Alan Hughes

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BOOTSTRAPPING 2.0

Digital optimization on a budget

Sure, your website is up and running; you have accounts set up on the major…

By Renita Burns

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How To

Startups

How to Start a Profitable T-Shirt Business

T-shirts are contemporary wardrobe staples for men, women, and children today. Building an online T-shirt…

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How to Invest in Cannabis Stocks

While some stocks in these sectors have been high fliers, even more have gone bust…

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