People of color can become business owners of Black-Owned Businesses and create financial independence for their families. They also provide opportunities for other members of their community to find work. Small-business owners also contribute to the economic health of their locality by contributing taxes that are paid into the state and city coffers. They make neighborhoods more vibrant by occupying retail space. It is not easy to start a business and keep it running. Many small businesses fail to survive beyond a few years. [...]

Minding Your Own Damn Business - By Kevin Ross Any successful black entrepreneur will tell you that running a SUCCESSFUL business can be both rewarding and very challenging; you are literally married to your business. [...]

Sprint buys 33% of Tidal They say you should always start your business based on passion first, this is inevitable if you want to succeed. Nobody knows what you do LIKE you do nor will they have the motivation, drive and skill set to make it happen. Jay Z was brilliant when he did the press conference for TIDAL, reassembling a company that did something no other streaming service did, it made the artists part owners of their own music and returned a greater profit to them than other streaming services. [...]

Many businesses have used the "Black-owned" label to solicit additional business in the past or as a way to add credibility to their brands. Unfortunately, this has often backfired. In large part, because we (black people) don't really care. As a matter of fact, it may actually HURT your business. Perhaps the only time a business should use  "Black-owned" is when they are in the press for their success (Slutty Vegan) or there is a program that can help fund or supplement the business' mission. [...]

A 16-year-old driver named Jacob Carter was involved in a high-speed police chase incident...