http://blackdemographics.com/economics/black-owned-businesses/
We clearly aren't living spending money on our businesses..
Group Economics..
- Thread starter KOohbt
- Start date
We clearly aren't living spending money on our businesses..
No man I'm talking about why. What information do we have on why we aren't supporting those businesses?
↓R↑LYB
I trained Sheng Long and Shonuff
Part of it was integration. We left our businesses to work/shop with cacs. This video BRIEFLY touches on it (it's about the family that shopped black only for a 12 months straight)
Another reason is I don't think black people understand the importance of supporting our own. We think it's ok to buy from other races even though our stores are right next door.
This all my opinion, I don't have any real data to back this up FYI
↓R↑LYB
I trained Sheng Long and Shonuff
Has anyone ever done a study/research paper as to why we aren't supporting our own more?
That would be a very good piece of information to have
↓R↑LYB
I trained Sheng Long and Shonuff
Most of us at one point in time have all lived in all black neighborhoods though. Even in those neighborhoods, it's still pretty hard to find black businesses that sells the things you want sometimes.
We're suffering from a lack of entrepreneurship it seems.
That's what we are discussing we have no statistics we are trying to solve that problem blind by making suggestions.
I think street markets are a type of buffer we could use to spur entrepreneurship and get folks used to buying from each other.
I'm trying to use these suggestions made in this thread and organize a guideline of how black folks would like their experience to be with each others businesses.
Transparency, communication, reward, convenience, value, location, service, selection, marketing/advertising.
I don't know of any hard data that explains what you're asking (If anyone has it I would love to see it, although the closest data I could imagine would be Nielsen for something like this) but I do know that alot of the problems we face are psychological and do have their roots in social and economic inequality. For example, in my City, some of the biggest barriers to opening legit businesses stems from a lack of access to capital, political connections, proper education, and unfair urban development initiatives that see properties go into the hands of outsiders that could have been used to develop local small businesses that provide people with jobs.
A solution to what you're asking could possibly involve a nationwide study or survey being done by an organization that addresses these problems and reports back their findings. It's almost like a census report. Maybe that could work.
mcdivit85
Superstar
Part of the issue is diversification as well. The majority of black businesses that we come in contact with revolve around hair and soul food. That's not to say there aren't other black businesses because there are. But we need more and we need more in every place there are black people.
Like Dr. Boyce says, one of the best investments blacks can make is in black neighborhoods. Because they are generally underserved. That means a myriad of business opportunity.
On an individual level, I believe every black person can try to use as many black business proprietors as possible. Black doctors. Black dentists. Black lawyers. Black landscapers. Black car washes. Black banks. Black clothing shops. Black restaurants. So and so forth.
Peace
Like Dr. Boyce says, one of the best investments blacks can make is in black neighborhoods. Because they are generally underserved. That means a myriad of business opportunity.
On an individual level, I believe every black person can try to use as many black business proprietors as possible. Black doctors. Black dentists. Black lawyers. Black landscapers. Black car washes. Black banks. Black clothing shops. Black restaurants. So and so forth.
Peace
1. Make your support a priority.
With certain services, specifically health care, I make it a point to only give my business to an African-American woman. It is sometimes hard to locate them, and secure an appointment, however, this is one area I have made it a priority to stick to lending my support.
2. Research, research and more research.
It isn’t too difficult to locate Black-owned businesses these days, especially by searching via the internet and via apps such as “Around the Way” which helps find black owned businesses near you.
3. Make referrals.
Majority of the new business I receive is through word of mouth referrals from a previous or current client. If you are highly satisfied with the goods and services of a Black-owned business, by all means, share your experiences with others who may be potential consumers.
4. Don’t Make Excuses.
We all have had negative experiences with vendors and service providers in our years as consumers regardless of their race or ethnicity. It is important to not use these bad experiences as a reason to not lend your support and spend your dollars with Black businesses.
http://woldcnews.newsone.com/150820...es-4-tips-to-make-sure-youre-doing-your-part/
With certain services, specifically health care, I make it a point to only give my business to an African-American woman. It is sometimes hard to locate them, and secure an appointment, however, this is one area I have made it a priority to stick to lending my support.
2. Research, research and more research.
It isn’t too difficult to locate Black-owned businesses these days, especially by searching via the internet and via apps such as “Around the Way” which helps find black owned businesses near you.
3. Make referrals.
Majority of the new business I receive is through word of mouth referrals from a previous or current client. If you are highly satisfied with the goods and services of a Black-owned business, by all means, share your experiences with others who may be potential consumers.
4. Don’t Make Excuses.
We all have had negative experiences with vendors and service providers in our years as consumers regardless of their race or ethnicity. It is important to not use these bad experiences as a reason to not lend your support and spend your dollars with Black businesses.
http://woldcnews.newsone.com/150820...es-4-tips-to-make-sure-youre-doing-your-part/
mcdivit85
Superstar
This is a big part of it as well. Black people look at buying black as a charity almost. Like "I'm supporting this brotha out of the bottom of my heart", rather than buying black to circle money. Rather than realizing its a dire need.
Black people do not circulate money like other communities do. This leads to many problems, namely pointed out by Dr. Claude Anderson. Not circulating your money means that someone else lives off their money and your money.
For example, would you give 98% of your paycheck to your neighrbor every two weeks? Probably not. Because that would mean that they get 100% of their paycheck PLUS 98% of yours. And let's say you both bring home $2000 each paycheck. That means you live off $400 while he lives of $3,960. And yet, he looks at you, patronizingly, and wonders why you can't compete with him in terms of wealth?
Well, that's what black people do every day when they spend the lion share of their money with non-blacks!
Peace
↓R↑LYB
I trained Sheng Long and Shonuff
I cosign #1 100%. You gotta really network unfortunately to find them but they're out there.
Marvel
Psalm 149:5-9
Ain't going to be no group economics when martial law is declared. Y'all are chasing an illusion that Esau doesn't want you to have. They are about to start massacring people and putting people in concentration camps. Hard to practice group economics when they crash the dollar.