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  • Magazine

Reaching the Next Level

This year has been tough for almost everyone. Belts are tighter and wallets are opening less often. Finances are strained as paychecks have been cut and jobs eliminated. black enterprise reached out to all 11 of last year’s winners to see how they fared. Despite the rocky economy, many of last year’s Financial Fitness contest winners have done fairly well. One winner managed to double his emergency savings and is preparing to purchase his first home. Another paid down high-interest credit card debt. The third has learned to say no to loans to family members.

  • Entrepreneurship

A Helping Hand

Margaret Garner, president of Broadway Consolidated Cos. Inc., a general contracting firm based in Chicago, holds a portfolio worth bragging about—nearly $10 million annually—thanks to her partnership with Wal-Mart Stores Inc. When the retail giant entered Chicago’s 37th ward around 2004 to construct its first store in an urban location, it sought assistance from local minority and women-owned businesses. Garner, whose firm is 8(a) certified, was selected to manage the project, becoming the first African American woman to construct a Walmart store.

  • Magazine

In the Fast Lane

Despite the rocky economy, quick-service restaurants are holding their own. In the U.S., sales for the top 500 quick-service chains rose to $230.2 billion last year, up $7.6 billion from 2007 according to Technomic Inc., a research and consulting firm that tracks the food service industry. Though sales growth actually slipped to 3.4% from 5.0% the previous year, it’s clear that people enjoy eating at places like Burger King. Among those riding the trend is Valerie Daniels-Carter, founder, president, and CEO of Milwaukee-based V and J Holding Cos. (No. 52 on the be industrial/service companies list with $90 million in revenues). The “V” stands for Valerie and the “J” stands for John, her brother and financial partner in the company.

  • Entrepreneurship

Do You NO?

Ten years ago, New Orleans resident Ayo Y. Scott and three college friends each put in $35 and launched a small T-shirt company just for fun. “The only thing was, “I was doing everything, and I got tired of that.”

  • Magazine

Identity Theft on Campus

You can’t prevent identity theft, but you can take precautions. Here are four ways to decrease your risk of being a victim of ID theft.

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