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Whether you view the fact that in 2010 we are still celebrating major firsts in African American history as good news or bad is a matter of perspective. But the ascension of Ursula Burns to CEO of Xerox Corp. was unequivocally, spectacularly good!
There isn’t a week that goes by that I don’t receive scores of phone calls and e-mails about the same issue: finding a job. Although recent reports may claim that the Great Recession has come to a close, the jobless rate is expected to reach double-digits in 2010. Moreover, the U.S. Labor Department reports that the jobless are looking for work for longer periods of time: 35.6% have been out of work for at least 27 weeks or more—the highest level since 1948. As for African Americans, the old adage still holds true that when America gets the sniffles, we contract pneumonia. The black unemployment rate stands at 15.4%, and continues to rise.
At the behest of my landlord, I alone signed the lease on our first post-college apartment, and therein lay a chain of events that taught me the value of reading and negotiating contracts with everyone -- from best friends, to landlords, to family members.
A Congressional panel convened a hearing last week to explore ideas about how to improve the flow of capital to small businesses. Both Democrats and Republicans who sit on the House Committee on Small Business’ finance and tax subcommittee agree that the levels of commercial and Small Business Administration-guaranteed lending have fallen, exacerbating an already significant challenge for small- and minority-owned firms.
When Mahisha Dellinger set out to launch her Elk Grove, California-based hair care company Curls L.L.C, she anticipated a few kinks. And with determination and business know-how, Dellinger managed to solve not only her own hair dilemma but also the hair frustrations of others with what seemed like unmanageable curly tresses. In 2003, the fledging company went on to gross $86,000 its first year. Now, seven years later and with $3 million dollars in gross revenues for 2008, the 36-year-old looks forward to taking her business to even greater heights. Here are Dellinger’s five business strategies for securing sheer success.
