Think Long, Think Right
In the year since he selected a portfolio of five stocks for BLACK ENTERPRISE, Larry Folmar, president and chief executive officer of Southfield, Michigan-based Folmar Financial Group Inc., maintains that...
Management
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Encouragement for New Entrepreneurs
We’ve heard the numbers. For many of us, our family, friends, and colleagues are among the more than 4 million jobs lost since the recession began last year, with more...
Making Good on Collections
Bad debts should be rare, but sometimes even the most well-meaning customers don’t satisfy their obligations. They may have written a bad check or they may not have paid at all. Regardless of how their customer’s debt became overdue, small businesses need to use documentation, diplomacy, and if necessary, a judgment, to collect what’s owed.
The Competitive Edge
Name: Dan Reed Title: President NBA Development League Location: New York Age: 32 Power Play: Combines technology and key marketing strategies to enhance brand and ticket sales Will the NBA...
We Must Never Surrender Our Hope
Since I founded my company more than 40 years ago, there have been seven recessions. In fact, the first issue of black enterprise was published in August 1970, during the first of those recessions. Only three years later, our young company and our country would face another, more devastating, recession. This one, marked by rising unemployment, funding a war in Vietnam, and skyrocketing oil prices (sound familiar?), lasted from the fall of 1973 through the winter of 1975—almost as long as our most recent Great Recession, which started in December 2007 and officially ended in June 2009.