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The Reginald F. Lewis Story – America’s First Black Billion Dollar Businessman

Jae Alan

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Business News

As More Shoppers Go Online, D.C. Retailers Face A Choice: Evolve Or Go Extinct

Jae Alan

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Retail in Washington DC story by Ally Schweitzer
Julie Egermayer owns “Violet”, a women’s clothing store, in an upscale mixed-use building off U Street NW. It is in a pop up space right now following the failure of her store location in Georgetown.

Not long ago, Chevy Chase boutique owner Susanne McLean began to notice a change in her customers’ behavior. Instead the usual browsing or buying, some people were starting to treat her shop like a showroom.

“A customer will come in, and we’ll help them for 30 minutes, fitting a pair of shoes. Then, they’ll take out their cell phone camera and take a picture,” said McLean, who has owned clothing and home-goods store Catch Can for nearly 30 years. “Then they’ll go home and order the shoes online.”

Browsing in person and buying online is the kind of “new normal” feared by small shop owners, especially those that specialize in apparel, furniture and other merchandise easily purchased on the internet. As mall anchors and chains shutter across the country — spurring headlines about a retail apocalypse — some predict local mom-and-pops are succumbing to the same fate.

Read full story HERE

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Business News

IS 2018 THE YEAR YOU BECOME A FRANCHISE ENTREPRENEUR?

Jae Alan

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Happy New Year!  One of the top questions I was asked in 2017 is should I go the startup route or purchase a franchise, so I thought I’d start out 2018 addressing that. The first step is to determine if you would make a good entrepreneur, and then consider if franchising is the right path to becoming a business owner. Sixty-five percent of Americans want to be their own boss. Let’s face it, a lot of us think we’re smarter than our bosses, so being our own boss is a natural desire. An entrepreneur is defined as:

  • “One who pursues opportunity beyond the resources currently controlled”
  • “A person who sees an opportunity and creates an organization to pursue it”
  • “A dreamer who attempts to turn an idea into a profitable reality”
  • “Anyone who assumes the risk and responsibility for starting and managing a business”
  • “Anyone who takes the risk of starting a business for the purpose of making a profit”

Read full story @ Black Enterprise

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Business News

ESSENCE MAGAZINE HISTORY TIMELINE

Jae Alan

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Black Enterprise has chronicled the journey of Essence Magazine before the first issue launched in May of 1970. Click through the below slideshow to view the timeline of this iconic brand….

@ Black Enterprise

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