Tag Archives: Money

RAISE ENOUGH MONEY BEFORE OPENING FOR BUSINESS

Redding opened up Amy Ruth’s in 1998 with a $73,000 investment and it went on to become a $3 million company. While that achievement is to be lauded, under further inspection it should also to be avoided because Redding launched his business undercapitalized, a trend that he believes is all too common for many African American-owned businesses. “As Black people we always end up opening businesses underfunded,” he notes. “Due to that we rob Peter to pay Paul and don’t pay taxes or purveyors or utilities. Redding knew that opening his latest restaurant would mean securing enough funding—$2 million to be exact. The only way he was able to achieve that round of fundraising was by revising his business plan, something that he recommends for every entrepreneur looking to start over. “You have to put your new business together with a solid business plan so that you can get proper funding.”

Want to Save More? Give Your Savings Account a Name

Strategies for building savings and peace of mind

Lapin says in order to eliminate stress around savings make it personal, “it’s time to…

By Stacey Tisdale

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(Image: Martin Bernetti | AFP | Getty Images)

Ecuador is the World’s First Country with a Public Digital Cash System

Government is pushing for paperless currency in an effort to aid the troubled cash economy

Ecuador is the world’s first country with a public digital cash system, adopted to help…

By Brittany Dandy

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3 Questions Every Entrepreneur Should Ask Their Accountant

The answers will help you become a better business owner

No matter how big or small your company may be, here are three ways to…

By BlackEnterprise.com

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How Strong Is Your Money Mindset?

Financial Planner, Michael F. Kay provides tips on how to determine your economic success

Use these tips to squeeze the gap between your economic potential and see results.

By Karima Mariama-Arthur, Esq.

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(Image: vidavitality.com)

48 Million Infected Chickens Causing U.S. Egg Shortage and Price Spike

The Avian flu epidemic is driving egg prices higher

An avian flu-epidemic has affected more than 48 million chickens and led to an egg…

By Stacey Tisdale

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Tips For Dealing with Debt Collectors

Things to know when a third-party debt collector contacts you

Here are tips and strategies to help you communicate effectively with debt collectors.

By Denise Campbell Laidler

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Coupon Shopping Guarantees Big Savings

Must-read tips for savvy shoppers

It’s true that finding a ready-to-use coupon at any given moment can be a time…

By Denise Campbell Laidler

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Sales-Drop 2

5 Reasons You’re Losing Sales and What to Do About It

These strategies can help keep your business afloat

We’re going to look at five signs you might be losing sales through hairline fractures…

By BlackEnterprise.com

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Treasury to Put a Woman on the $10 Bill

New 10 will be the first bill in more than a century to feature a woman

Treasury Secretary Jack Lew announced plans to put a woman on the redesigned $10 bill…

By Courtney Connley

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AAF Preview: Black Enterprise and Prudential Want You to Get Out of Debt

AAF panel set to help Blacks find their financial footing

Prudential and Black Enterprise are joining forces to bring attendees at this year’s African American…

By Stacey Tisdale

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All Blacks Are Not the Same–Even When it Comes to Money

Battling stereotypes that ignore our cultural differences

There are nearly four million black immigrants in the U.S. and many differing cultures. Still,…

By Stacey Tisdale

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[WATCH] Giving Loved Ones a Hand Up vs a Handout

Tips on lending a hand without breaking your bank or enabling bad behavior

Tips on how to lend a helping hand without breaking your bank or enabling bad…

By Stacey Tisdale

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(Image: Thinkstock)

Why Black Money Matters to Financial Service Companies

How the numbers are working in our favor

Blacks households earning $75,000 or more are the fastest growing income group. This has not…

By Stacey Tisdale

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(Image: ThinkStock)

The Price We’ll Pay for Our Children’s Education: Are There Better Options?

Part 2: How Race Plays Out in Our Financial Experience

A ‘good’ education does not have to mean an ‘expensive’ education.This story helps us take…

By Stacey Tisdale

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Lessons

How Race Plays Out in Our Financial Lives: Part 1

The cost of ‘taking care’ of our own

A survey by Prudential finds that Blacks are ‘sandwiched’ -providing greater financial support to…

By Stacey Tisdale

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credit report

5 Vital Factors in Your Credit Score

A look inside the numbers as the Gov’t moves to protect consumers

As lawmakers and credit bureaus reach and agreement to protect consumers, make sure you have…

By Stacey Tisdale

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(Image: Flickr)

Want to Boost Your Credit Score? Pay Your Parking Tickets

How unpaid tickets put a big dent in in your credit report

Parking tickets are considered debts to cities or municipalities. That means credit bureaus treat them…

By Stacey Tisdale

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ATM Keypad

[REPORT] ATM Data Thefts at Highest Level in 20 Years

Debit card compromises at bank ATMs were up 174% and 317% at non-bank machines

The number of debit card users whose data gets snatched by crooks at ATMs is…

By Joel Lyons

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(Image: wikimedia.org)

[WATCH] Can Spirituality Make You Wealthy?

Deepak Chopra says yes…It’s as simple as A to Z

Anyone who believes in a higher power has likely experienced moments when anxiety from financial…

By Stacey Tisdale

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