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As appeared first in the Michigan Chronicle By AJ Williams, Managing Editor The COVID-19 pandemic is crippling and toppling many U.S. small businesses. Often called “the backbone of the economy,” small businesses that are managing to survive face an uncertain future. As states start to reopen, consumer spending is in steep decline while unemployment skyrockets and many people remain hesitant to venture out. But RJon Robins, founder/CEO of How To Manage A Small Law Firm says some entrepreneurs find their businesses in trouble because they had the wrong mindset toward customers all

As appeared first in New Pittsburgh Courier by Dr. Quintin Bullock History will surely recall the first year of this decade as the year of the COVID-19 pandemic, the year when large portions of our economy stopped, when institutions that defined our everyday lives – from schools to grocery stores, from offices to playgrounds – changed. Economists will undoubtedly look back and see the business cycle at work, characterized in the broadest sense as recession followed by recovery, unemployment followed by opportunity. But there are communities within our society that

As appeared first in the Michigan Chronicle To my fellow CEOs, My heart truly aches because of the recent senseless killing of Mr. George Floyd and the long legacy of systemic racism that has caused the deaths of countless numbers of Black people and continues to contribute to the generational trauma of so many others. As CEO of Walker-Miller Energy Services, a Black- and woman-owned company committed to changing lives through energy efficiency, I wanted to speak to CEOs, who like me, lead companies of 100 team members or more. Our

As appeared first on Atlanta Daily World (Black PR Wire) Los Angeles, CA – OneUnited Bank, the largest Black owned bank in the country, is proud to support #BlackOutDay2020, a national financial movement happening on Tuesday, July 7, 2020. The movement recognizes the need for economic solidarity and requests that not one Black person in America spend a dollar outside of Black-owned businesses on July 7th. In 2016, the #BankBlack and #BuyBlack Movement began with a simple text and call to action from Killer Mike to Black America to move its money to

As appeared first in the Michigan Chronicle In response to national outrage regarding George Floyd’s murder, various companies such as Nike, Apple, and Ben & Jerry’s have issued statements calling for racial equality. Tuesday, Detroit’s top CEOs followed suit. In a joint statement, alongside Mayor Duggan and Rev. Wendell Anthony, CEOs from Detroit’s top companies such as GM, Quicken Loans, and DTE Energy announced, “We condemn the acts of injustice in the tragic murders of George Floyd, Ahmaud Arbery, and Breonna Taylor and the many other men and women

As appeared first in The Chicago Defender LaToya Wright, Contributing Writer While the nation fights to “flatten the curve” of Covid-19, Danielle McGee, CEO of Black Business Boom, has found a way to help small black businesses suffering from lack of sales. Before Covid-19, many black-owned small businesses and startups were struggling. It is known black businesses must work harder because of all the challenges that come with stepping out on one’s own. In addition to having to deal with negative stereotypes like lack of quality in their products or

By Kala Gibson, Head of Business Banking, Fifth Third Bank Courtesy of The Michigan Chronicle Drive down most streets, and it’s easy to see the obstacles our small business community is facing. There are closed signs on storefronts, empty parking lots outside malls and only carry-out from the restaurants that remain open. Whether it’s a family-owned store or a 200-person operation, business owners are making tough choices. Some have furloughed employees or let them go, trying to figure how to survive through the financial fallout from the pandemic. Nine out

By AJ Williams, The Michigan Chronicle Earvin “Magic” Johnson, majority owner of EquiTrust, the nation’s largest minority-owned insurance company, announced a $100 million partnership with MBE Capital Partners, the largest certified minority-owned asset-based lender, and the National Action Network. Together, they are focused on distributing PPP loans geared specifically for minority and women-owned businesses in underserved communities. Johnson’s EquiTrust is providing critical financial support to underserved communities and businesses that have been traditionally neglected. These small and diverse businesses often have difficulty developing strong lending relationships with big banks.

Sean “Diddy” Combs has created Our Fair Share to assist minority owned small businesses reeling from COVID-19. The first round of funding established by the government through the Payment Protection Program (PPP) went fast. It never trickled down to businesses that needed financial help the most so that is when Combs stepped up. “I created Our Fair Share to help entrepreneurs play on an even playing field and give them a chance to survive with the hope to thrive,” said Combs in a statement. “Minority businesses have always struggled to access the capital they need to

Amber Tucker “I’m not good enough.” “They’re not going to listen to me. “I’m a fraud.” Have you heard that voice in your head that’s telling you that you do not belong and one day soon, everyone will figure it out? It has a name. It is not the truth and it is not “your conscience.” It’s a phenomenon called “Imposter syndrome.”  Imposter syndrome is a term coined by psychologists Pauline R. Clance and Suzane A. Imes in 1978. It describes the “internal experience of intellectual phoniness in people who believer