Young Black Buisness Owners example essay topic

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 suicide. To tell the others of owning your own buisness has it's own freedoms. 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 eventually 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 buisnesse's. My grandmother own's a buisness in which she sales product's 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 won't 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 commerical's 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 they " re 29 year old brothers. FuBu are almost over throwing Hilfiger and Ralph Lauren. These young black buisness owners have grossed a $350 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. Achieving 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 Sac's, Max Greens, Foot Locker, Mrs. Fields, Barber Shops etc. Owning your own buisness has alot of freedom you won't be working for any body and you will be your own boss. I say it also has alot of responsibilty for one person to deal with but I know I could deal with as a adult -. 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.

It's 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, living expenses etc. My uncle says the the greatest thing besides the money is the thought of saying something is yours.