(ThyBlackMan.com) In light of what most of us know about the economy and where Black people fit, mostly as consumers rather than producers, a discussion of Black Capitalism is in order. The term was promoted by Stokley Carmichael in 1966 as part of the “Black Power” movement, but came into ...
(ThyBlackMan.com) Wednesday and Friday are two days of reckoning when it comes to the Federal Reserve Bank’s (Fed) policy of withdrawing easy or cheap money from the economy. The Fed started withdrawing money through its Quantitative Easing (QE) program in December 2013. Of course, there will be many other days ...
(ThyBlackMan.com) One of my mentors once told me as I asked for advice about how to advance my career, “You don’t know what you don’t know and you think you know.” Ouch. My pride was a little bruised, but I knew he knew what he was talking about so it ...
(ThyBlackMan.com) I earned my undergraduate degree in tax accounting from Oral Roberts University (ORU). Upon graduation, I spent a decade working in tax accounting, both for government and the private sector. So, in this week’s column, I want to take advantage of my education and training to write about tax ...
(ThyBlackMan.com) Your company mission statement is one of the most important statements that you can write. In a few simple words, a mission statement is supposed to identify what your company stands for, its vision for the future and its goals. Within just a few short and simple sentences, you ...
(ThyBlackMan.com) Many people consider starting their own business but then they feel overwhelmed, daunted and never get it past the planning stages. Especially if they have mediocre or bad credit, starting a business the traditional way can be a monumental task; not for the faint of heart. Figure in start-up ...
(ThyBlackMan.com) While the 2012 Economic Census data have not yet been released, I am certain we will see another increase in the number of Black owned businesses in the past five years, since the last census was taken. As a matter of fact Black business start-ups increased at the highest rate ...
(ThyBlackMan.com) I don’t know about you, but over the course of my career, I have certainly had the occasion to realize I was underpaid for the work I was doing. In fact, the first time I was offered a job out of school, doing sports public relations, the salary they ...
(ThyBlackMan.com) “Because the Negro does not own and control retail establishments in his own community, he is unable to stabilize his community…The Negro must pool his capital in order to help himself….This will enable him to solve his own problems.” S.B. Fuller Has the thought ever occurred to you that ...
(ThyBlackMan.com) The role we play in our own economic demise is mind-boggling. First of all, our priorities are screwed up. We place more emphasis on some of the most meaningless issues and aspects of life. We use much of our time talking about the housewives, the preachers, the husbands, the ...
(ThyBlackMan.com) The Federal Reserve Bank (Fed) announced on January 29th that it has decided to continue to reduce its bond buying activities, thus taking more easy (cheap) money out of the economy. What the stock market signaled with its downturn of close to 400 points over two days in the ...
(ThyBlackMan.com) Remember that movie with the Wayans Brothers? After stealing some credit cards, Damon’s character, Johnny Stewart, had everything he ever thought he wanted. He spent a lot of money on “things” and still found himself with more than enough cash to do whatever he wanted. I am also reminded ...