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BLACK-OWNED BUSINESSES ON A PATH TO DOMINATION
Nationwide -- There was a time several decades ago when the
existence of even a single Black-owned business was enough to invoke
feelings of pride and accomplishment that rang throughout a Black
community. We were proud and seemed to walk taller past that business on
the corner that we knew was owned by one of us. Even if we didn't know
the owner, there was that feeling that they were representing the best
of each of and every one of us, and that felt good.
Fast forward to 2019 and that good feeling has grown exponentially.Black-owned businesses of today are no longer typecast to barbecue joints and barber shops. Think of any line of business and chances are, African-Americans make up a share of the ownership. It's not every day we stop to reflect on the fact that some of the best small businesses are Black-owned, but when the thought occurs, it can be strong, warm, and empowering.
Blacks still represent a small share of American entrepreneurs, but according to SmallBizTrends.com, a 2018 survey revealed that black business ownership was up 400% from the previous year. In fact, of all the minority business owners launching in this time frame, African-Americans made up the largest share. This data speaks volumes and calls attention to the acceleration of black entrepreneurial success. More exciting is the kind of businesses we're starting. Our grandparents' barbecue joints and barber shops are not what Black gen x'ers and Black millennials have in mind. These generations are already neck deep in their own flavors of business, including software & tech companies, investment firms, and manufacturing.
Fast forward to 2019 and that good feeling has grown exponentially.Black-owned businesses of today are no longer typecast to barbecue joints and barber shops. Think of any line of business and chances are, African-Americans make up a share of the ownership. It's not every day we stop to reflect on the fact that some of the best small businesses are Black-owned, but when the thought occurs, it can be strong, warm, and empowering.
Blacks still represent a small share of American entrepreneurs, but according to SmallBizTrends.com, a 2018 survey revealed that black business ownership was up 400% from the previous year. In fact, of all the minority business owners launching in this time frame, African-Americans made up the largest share. This data speaks volumes and calls attention to the acceleration of black entrepreneurial success. More exciting is the kind of businesses we're starting. Our grandparents' barbecue joints and barber shops are not what Black gen x'ers and Black millennials have in mind. These generations are already neck deep in their own flavors of business, including software & tech companies, investment firms, and manufacturing.
