According to the last Census, the average Black business generates less than $80,000 annually and 67.3% of those generate less than $30,000 annually. They have zero or maybe one employee and little training in how to actually manage a business.
Because of low income, they can't usually afford to invest in training or advertising campaigns to generate clients.
Urban Orlando Business Directory and The BootStrapping Project team have designed a cloud and community based system to support the average Black business with very low cost and very high quality solutions that solve the top three issues that Black business struggles with.
The expression side hustle was first used in 1950, which makes the term much older than many realize. The term became popular during and after the last recession, when traditional jobs disappeared and enterprising people had to make ends meet. Well, here we go again.
By Lawrence A Robinson As Black people we already know what is holding us back, it’s mostly us. The America society and justice system is designed in such a way that makes it hard, sometimes impossible, to break free enough to actually pursue life’s pleasures.
Some call it ‘systemic racism.’ Even now, we are forced to make our way through the gauntlet of life’s traps, designed to lead us to failure or to maintain the status-quo.
When I talk to the average Black business owner about money, they usually tell me that money is needed to grow their businesses but money is hard to find. When I ask them how much they need and what would they use the money for, that amount is about $5,000 to $10,000 and the bulk of that money will be used to get more customers in the door.
Trump's new tax code stabs Black tax payers right in the wallet. The 3 year limit to amend your tax has been eliminated. The IRS admits that the average taxpayer recoups about $2800 for each year with a 3 year maximum amendment period. So, if you amend your last three years of tax returns, you could recoup a minimum of $8400.