Category archives for: Finance

Forbes Releases its Inaugural 40 Wealthiest Africans List

Forbes Releases its Inaugural 40 Wealthiest Africans List

No dictators and a third of the wealthiest Africans are from South Africa. Quite a few black faces in the mix too including a $10B Nigerian–that’s billion with a B. Don’t sleep on Africa. Read more about Africa’s Richest.   Related articles Nigerian tops African rich list (bbc.co.uk) Forbes unveils Africa’s richest people (cnn.com)

First There Was Rush, Now There’s Reach: Tom Joyner Prepaid Credit Card | The Root

First There Was Rush, Now There’s Reach: Tom Joyner Prepaid Credit Card | The Root

Our friends at The Root have reported that Tom Joyner has decided to market his own pre-paid credit card for consumers who may not qualify for traditional credit cards. Many of you may be aware that Russell Simmons has also been a long-time promoter of his own branded pre-paid card, the RushCard. Though both Simmons [...]

Five Fresh Ideas for Financing 2011

Five Fresh Ideas for Financing 2011

New avenues for funding are precious for entrepreneurs in every vein. If your hustle can use an infusion of cash or ideas on how to tap into fresh investors, read on! Your start-up will love you for it! 1.  Crowdfunding This concept involves gathering a large donation pool for your start-up through small donations from [...]

Five Financial Resolutions for 2011

Five Financial Resolutions for 2011

New Year’s resolutions may seem contrived, but a fresh calendar makes for a great time to accelerate your hustle to new heights. Check out these five resolutions, recommended by Entrepreneur.com to bring your 2011 in strong. 1.  Establish personal financial goals. Your outlook on the year will vary depending on several factors, such as your [...]

The Black Enterprise Elevator Speech: Talk Your Way Into $10,000

The Black Enterprise Elevator Speech: Talk Your Way Into $10,000

This article isn’t a debate about whether you should use other’s money to build your business–there are pros and cons related to how much you want to focus on improving your products and services rather than improving investor relationships. However, assuming you’re comfortable with raising some much needed capital and want some tips on making [...]

A Fresh Way to Budget Your Fixed and Flexible Expenses at the Same Time

A Fresh Way to Budget Your Fixed and Flexible Expenses at the Same Time

If constantly checking your account for due dates is draining your energy for managing finances, check out this idea on budgeting from Sierra Black at the Get Rich Slowly Blog. Sierra’s formula is pretty simple. She sat down with her husband to determine a monthly dollar amount for their fixed expenses, such as car payments, [...]

eGuide from SCORE and Experian Focuses on Boosting Business Credit

eGuide from SCORE and Experian Focuses on Boosting Business Credit

SCORE and Experian are joining forces to offer “how to” resources to assist entrepreneurs with their business credit profile and help improve their credit score. The new eGuide, “Growing and Maintaining a Healthy Business Credit Score,” is now available for download under the “Financing Your Business” section at www.score.org. The eGuide is designed to educate [...]

PayPal, Credit Cards, and Debit Cards: Best Practices for Online Payments by NYT

PayPal, Credit Cards, and Debit Cards: Best Practices for Online Payments by NYT

The New York Times posted an article about making payments online, and contrasting the merits of credit cards, debit cards, and online services such as PayPal. None of these options are entirely full proof from hackers, malware and phishing sites. Credit cards still garner a top recommendation because of the laws protecting against fraudulent charges: [...]

ExpertFlyer.com Announces Market Affiliate Program

ExpertFlyer.com Announces Market Affiliate Program

ExpertFlyer.com, has announced a new Market Affiliate Program for businesses, entrepreneurs, websites, and media outlets interested in generating additional income through revenue sharing. The site offers select flight and travel information that was traditionally available only through travel agents and select airlines. “ExpertFlyer’s new Market Affiliate Program is a great way for organizations in the [...]

Do African American Entrepreneurs Face Added Challenges in Business?

Do African American Entrepreneurs Face Added Challenges in Business?

The Chicago Tribune recently posted a story on challenges specific to African American entrepreneurs in the Chicago area. Business ownership continues to be of increasing interest, but the Tribune article cites experts who claim African Americans face certain obstacles to success. In the Chicago area, the number of African-American businesses grew by 67 percent from [...]

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