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This site was created by Nicholl McGuire, Inspirational Speaker and Author. Feel free to comment, share links and subscribe. If you have a business or would like to guest post feel free to contact. Check out topics on this blog and select what interests you. They are found at the bottom of this page. Peace and Love.

Thursday

Happy Black Business Month!

Black Business Month is celebrated annually in the United States to honor the contributions of black-owned businesses to the economy. This year, the monthlong celebration runs from August 1st to September 30th. During Black Business Month, businesses and consumers are encouraged to support black-owned businesses through increased spending and investment. This is a vital time for black-owned businesses, as they are often undervalued and underserved by the mainstream business community. 

In the United States, black-owned businesses make up less than 5% of all businesses. However, these businesses generate nearly $300 billion in annual revenue and employ over 2 million people. While black business owners have made significant strides, there is still room for improvement. In particular, black-owned businesses tend to be smaller and have fewer employees than their white counterparts. Additionally, they often struggle to access capital and face barriers to growth. Nevertheless, Black Business Month is a time to celebrate the successes of black entrepreneurs and look forward to a bright future.  By patronizing black-owned businesses during this month, we can help to close the wealth gap and create more opportunities for black entrepreneurs. So, let's celebrate Black Business Month by supporting the businesses that are powering our economy!

Take the time to put in the search window "local black businesses" in your city, state.  Visit the business and interview the people who work there to see if it is in fact a black-owned business.  Unfortunately, we did find several businesses online and one offline was not a black-owned business even though all businesses did sell merchandise that appealed to African American shoppers.  Be mindful of the deception out there.  

Happy shopping! 

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African American Planet: Relationships, Education, Products & Lifestyle by Nicholl McGuire is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Based on a work at africanamericanplanet.blogspot.com.

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