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Wednesday, January 18, 2017

Black-Owned Laundrymats Making Big Profits Off Your Dirty Laundry

Darryl and Fylynne Crawford, owners of Kimbark Laundry in Chicago
Darryl and Fylynne Crawford, owners of Kimbark Laundry in Chicago

Currently, there are about 35,000 coin laundries in the United States, generating nearly $5 billion in gross revenue annually. This 70-year old business concept is especially popular in the country's inner cities, but very few laundrymats are owned by African American entrepreneurs.

Wednesday, January 11, 2017

13-Year Old Entrepreneur Making $100K a Year Doing This -- And She's Training Others Girls to Do the Same!

Asia Newson, Super Business Girl from Detroit
Asia Newson (left) and her friends
Being a successful entrepreneur is not dependent on age, as shown by this 13-year-old from Detroit, Michigan. Her name is Asia Newson, and she is known locally and nationally as "Super Business Girl." It's the perfect name for a determined young girl whose company is targeted to make $100K this year, and for someone who wants to help other young girls do the same!

Tuesday, January 10, 2017

$85 Dollar African American Dolls -- Can They Really Sell?

Jason and Angelica Sweeting, who live in Miami, Florida with their two young daughters, are the founders of Naturally Perfect Dolls, which sells high-end baby dolls with multicultural skin tones, hair styles, and body structures. The dolls are washable with styleable hair, and encourage self-acceptance and diversity - but they are not cheap. They retail for $84.99.

Monday, January 9, 2017

Entrepreneur Inspired By Her Daughter Creates First Ever Patois-Talking Jamaican Doll

Saffron Jackson, founder of Zuree Dolls
Saffron Jackson, founder of Zuree Dolls, with her daughter
Saffron Jackson, a 38-year old Jamaican entrepreneur, is making headlines for creating Zuree Dolls - unique baby dolls that look Jamaican and speak the language of Jamaican Patois. She says she wanted her daughter to have a doll that looked like her, spoke like her, and connected her to her own culture and heritage.

Friday, January 6, 2017

New Black-Owned Lingerie Line Heats Up the Market

Sadia Sisay, founder of Being U Lingerie Line

Black British entrepreneur Sadia Sisay has created a beautiful line of lingerie called BeingU that women of color everywhere will love. Not only are her creations sexy and comfortable, but they are also designed to match a variety of skin tones. What a great idea!

Thursday, January 5, 2017

21-Year Old Black Entrepreneur Creates Healthy Drinkable Lightbulbs

Sorrel healthy drinkable lightbulbs by Clovesz

Alaila-Lee Lawrence, a genius young entrepreneur from NYC, has created Sorrel Drinkable Lightbulbs - all-natural, refreshing drinks that come in bottles that are literally shaped like lightbulbs.

Wednesday, January 4, 2017

Black Women Business Moguls to Compete on "Queen Boss" Reality TV Show Hosted by Tracey Edmonds

Queen Boss Reality Show for Black Women Entrepreneurs

Over 500,000 new businesses start up each month in the United States, and African-American women represent the fasting-growing group of entrepreneurs. But how do these women know if they have a great concept for a business, and if they have the skills to be a C.E.O.? CENTRIC answers this question on Saturday, January 14 at 10pm EST, in its first business competition-reality series “Queen Boss.”

Monday, January 2, 2017

Compton's First Ever Black-Owned Business Celebrates 60 Years

Katherine Banks, founder of Naka’s Broiler

More than 100 local residents recently gathered together to celebrate the 60th anniversary of Naka’s Broiler, a Black-owned restaurant which also happens to be the first ever Black-owned business in Compton, California.

Tuesday, December 27, 2016

Super Mom Disrupts $121 Billion Dollar Skin Care Industry From Her Kitchen

Funlayo Alabi, founder of Shea Radiance

Funlayo Alabi grew up in West Africa where shea butter was considered a cure for everything. Many years later after immigrating to the United States, her son began to suffer with a skin condition called eczema. So, she tried shea butter and found that it not only improved his eczema but also made her own skin glow from using it. So, she decided to start her own business!

Monday, December 26, 2016

Entrepreneurs Launch New Service to Help More African Business Owners Accept Online Payments

Shola Akinlade and Ezra Olubi, founders of Paystack
Shola Akinlade and Ezra Olubi, founders of Paystack
Online retail is a booming industry in the U.S. with sales expected to increase by 45 percent this year, but in Africa only about 1% of all transactions happen online. So, two Nigerian entrepreneurs have developed a product that offers a centralized way for African online merchants to accept online payments, and they just received $1.3 million in seed investment to help fund their company which is based in Lagos, Nigeria.

Friday, December 23, 2016

Genius 11-Year Old Entrepreneur in NYC Selling 5 Minutes of Emotional Advice for $2

Ciro Ortiz, a sixth-grader from New York City, has found business success helping stressed-out New York subway-goers. For just $2, passerbyers in need of some advice or encouragement can stop and have a 5-minute consultation with him. And so far, the idea is a very profitable one!

Thursday, December 22, 2016

Founders of Black-Owned Subscription Box Service Receive $100K in Funding

Founders of MyBest Box
(L to R) Lawrence Morris, technology officer; Fatima Dicko, DEO; and Ryan Middleton, chief marketing officer

For the last 5 years, Accelerate Baltimore has been helping innovative companies in cybersecurity, edtech, health and consumer startups in Baltimore by giving them $25,000 in seed funding. This year, they added a bonus award of $100,000. The first company to win this award was MyBestBox, a Black-owned subscription box service company based in Baltimore, Maryland.

Tuesday, December 20, 2016

These Two Black Entrepreneurs Are Fighting Gentrification -- One House at a Time!

Andrew Colom and David Alade, founders of Century Partners
Andrew Colom and David Alade, founders of Century Partners

What does a real estate developer in Mississippi and a banker in New York City have in common? On the surface, nothing, but inside, both are gentrification fighters, having a burning desire to revitalize neighborhoods in Detroit, one house at a time.

Tuesday, December 13, 2016

Twin Brother Entrepreneurs Celebrate Their First Year in Business!

Marlon and Mark Whitfield, founders of Hawk Time LLC

Hawk Time LLC is a St. Louis-based marketing and consulting firm founded by twin brothers and entrepreneurs, Marlon and Mark Whitfield. Growing up twins, they did most everything together, so it made sense for them to also go into business together, especially since they both share a unique approach to offering marketing and consulting services to their customers. They are now celebrating one year in business.

Sunday, December 11, 2016

How This Blogger Secured $50K in Sponsorship Deals in 120 Days

Michiel Perry, founder of Black Southern Belle

Black Southern Belle launched over a year ago. Founder Michiel Perry created the web site to fill a need for more black vendors in the area of good food, black art, quality merchandise, home decor, and slow southern living. She actually stumbled across the idea when planning her wedding. Within just four short months, Perry secured $50,000 in sponsorships.

Wednesday, December 7, 2016

Television Academy Gets First Black CEO In Its 70 Year History

 Hayma Washington, CEO of Television Academy

Hayma “Screech” Washington has been elected as chairman and CEO of The Academy of Television Arts & Sciences, also known as the Television Academy. Washington is the first African-American to hold the position of CEO in the organization’s 70 years of existence.

Monday, December 5, 2016

22-Year Old Entrepreneur From Madagascar Wins $25K in Business Competition

Meet Heritiaina Randriamananatahina, a 22-year-old agriculture entrepreneur from Madagascar, who had to drop out of school in the 6th grade but went on to become a successful entrepreneur. Randriamananatahina was the top winner in this year's Anzisha Prize, presented by The African Leadership Academy and MasterCard Foundation.

Tuesday, November 29, 2016

The First Black Woman in Space is Also a Successful Entrepreneur

Dr. Mae C. Jemison
Dr. Mae C. Jemison, entrepreneur and the first Black woman to go to space

You might say, 'The sky is the limit' when it comes to Dr. Mae C. Jemison. Not only was she the first woman of color in the world to go into space, but she is also a successful entrepreneur, having founded two technology companies and a non-profit organization.

Monday, November 28, 2016

Nigerian Entrepreneurs Find Sweet Success Selling Bottled 100% Raw Sugarcane Juice

Sugarcane Island founder

Three Nigerian entrepreneurs, based in New York City, have created a new, healthy 100% raw sugarcane juice beverage that they say is better for you than coconut juice. The unique beverage is cold pressed from carefully selected farm-fresh sugarcane stalks with no added sugar.

Thursday, November 24, 2016

African Billionaire Launches $100 Million Dollar Program for Black Entrepreneurs

Billionaire Tony Elumelu and other African entrepreneurs
Billionaire Tony Elumelu with other African and African-American entrepreneurs

Tony Elumelu, a Nigerian billionaire and philanthropist, has designed an entrepreneurship program that will disburse $100 million dollars in financial assistance to African and African-American entrepreneurs throughout the U.S and Africa.

Tuesday, November 22, 2016

Former NBA Star Jamal Mashburn Now Owns More Than 80 Franchises


Success on the court doesn't always lead to success off the court for many professional NBA players who retire from the sport. But for this former NBA player, it lead to owning 80 franchise locations and five car dealerships.

Monday, November 21, 2016

First Ever Black Female Doctor to Receive a Patent For a Medical Invention

Patricia Bath, First Ever Black Female Doctor to Receive a Patent For a Medical Invention

Dr. Patricia Bath is the first African-American female doctor in U.S. history to receive a patent for a medical invention, but in actuality. In 1986, she invented the Laserphaco Probe which helps treat patients with cataracts in their eyes.

Revolutionary Black-Owned Craft Beer Company Wins $200K Funding Competition

Ayla Bystrom-Williams, founder of Honeymoon Brewery

Being Black and a female did not stop Ayla Bystrom-Williams from beating out 13,000 competitors to win this year's Miller Lite Tap the Future competition in Chicago. Her company, Honeymoon Brewery, co-founded with her business partner/ boyfriend, James Hill, won the competition's $200,000 award.

Friday, November 18, 2016

How to Do Business in Africa -- and Why You Should Get Started Right Away!

Entrepreneur doing business in Africa

There are a lot of reasons why you should want to do business in Africa, which by the way is made up of 55 countries and home to 1.2 billion people.

First of all, U.S. trade to and from Africa has tripled over the past decade, and U.S. exports to sub-Saharan Africa has now topped $21 billion. Secondly, Africa is home to six of the ten fastest-growing countries in the world. And finally, the International Monetary Fund projects sub-Saharan Africa to grow between 5 and 6 percent each year over the next two years.

Tuesday, November 15, 2016

Entrepreneurs Create Mobile App That Pays Students for Getting Good Grades -- Already Has 500,000 Downloads

Founders of the Kudzoo app
Trevor Wilkins and Logan Cohen, co-founders of the Kudzoo app
Based in Pennsylvania, African American entrepreneurs Trevor Wilkins and Logan Cohen have created an amazing app called Kudzoo that motivates students to do well in school. The app, which is free to download, allows students to upload their report cards and be rewarded with deals, giveaways, scholarship opportunities, concert tickets, and once in a lifetime experiences based on their grades and achievements.

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