Black Business Owners on The Rise

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This paper will tell that black buisness owners is on the raise in our economy and in our


community.And owning a black buisness has advantages an many disadvantages. Getting


loans to start up your buisness is stressing, and can get you in the mind that I am not going


to succide. To tell the others of owning your own buisness has its own freedoms.


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Owning your own business for African American people Black People. Can be extremely


hard to start from the experiences of several family members. My family members told me that


when they had the idea. And decided to go looking to make that dream come true but what


held them back is banks say no when they go looking for loans start up loans they say. They


kept pursuing and eventualy they found a bank that would. Give them the money they needed


to start up their buisness and to buy equipment and other buisness material. They say the only


reason they got a loan is Because they never stopped trying.


I myself have seen the advantages of black ownership in my family. A few of my family


members own their own buisness our buisnesses. My grandmother owns a buisness in which


she sales products over the internet and customers order online and we ship the products


out to them. She also own a home based buisness where she sells self defense products like


pepper spray , mase,stun guns etc. She also have things going on the side she does a program


named Pre-Paid Legal Services. The advantages to her buisness she says is that she wont


have to worry about is money problems. Working for white people and clocking in 40 or more


hours a week last but not least working with white people.


We have all seen commericals about FuBu with all these famous black stars advertising the products.The headline in Ebony says Young Blacks Score with For Us By Us.The owners and makers


of FuBu are four young black men Damon John , John Perrin , Carl Brown , and J. Alexander theyre


year old brothers . FuBu are almost over throwing Hilfiger and Ralph Lauren . These young black


buisness owners have grossed a $ 50 million dollar fashion empire .


I have alot of feelings on this topic because I myself want to become a future muti - millionaire and


buisness man . Achieveing my first millions as a NFL player and useing my salary as my own start up


loans . Useing my money to open up several stores such as Donna Sacs , Max Greens , Foot Locker ,


Mrs. Fields , Barber Shops etc . Owning your own buisness has alot of freedom you wont be working


for any body and you will be your own boss . I say it also has alot of respondsibilty for one person to


deal with but I know I could deal with as a aldult -.





In conclusion we as black should consider working for are self instead of putting 40 hours and more


a week at a job we dread to go too. Its alot of freedom , no to tell you if your late and you pick the workers


that you have in your buisness . Consider the thought of being finacialy set with out worrying about how


you are going to pay car note , mortage , liveing expenses etc . My uncle says the the greatest thing besides the money is the thought of saying something is yours .





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