Published: Saturday, 20 April 2013 16:05
Written by Ebony Onyxx
Fueled by African American women’s desire for eye-catching tresses, the Black hair care industry is worth an estimated $10 billion to date. And that’s not including synthetic and human hair sales.
Madame C.J. Walker gained a place in the Guiness Book of Records in 1910 as the first American female to become a self-made millionaire.
The world had changed and was ready and waiting for her line of beauty and hair products for black women.
In 1971, Johnson Products, the maker of Soft & Sheen products, became the first African American owned firm listed on the American Stock Exchange.
Until the 80’s, black owned hair and skin product lines prevailed in the market, primarily due to large white owned companies ignoring needs of the black consumer and the power of their spending dollar.
Read more: Black Hair: Boomin' Billion Dollar Industry
Published: Sunday, 27 January 2013 00:24
This article originally published in West Orlando News Online.
Entrepreneurs and owners of small business startups, are very courageous people. They face the massive odds, trying to provide for their families with little real outside support other than family and friends. Generally they have an idea about a product or service or they have what they consider a major improvement on an existing product or service.
Read more: Why Do 95% of Entrepreneurs Fail?