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10 BLACK BUSINESS LEADERS YOU OUGHT TO KNOW

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Entrepreneurs assemble! In 10 days, BLACK ENTERPRISE will unveil what promises to be our most powerful, impactful business conference yet – FWD (for ‘FORWARD’). And at the event will be 10 black business leaders who represent some of the most successful, influential business leaders on the planet. Following their guidance and connecting with them at FWD may result in multi-fold growth in customers, market share and revenues

FWDOur team has developed this event, which will be held at the Charlotte, North Carolina Convention Center from June 19 – 22, as a forum for instruction, inspiration and connection for businesses at every life cycle, from side hustles to second-generation enterprises. You will access the roadmap – including financing and certification – to successfully LAUNCH your venture. You will discover how to design strategic partnerships and scale-up strategies to GROW your business. You will learn the value of applying AI, VR and 5G and other tech tools to INNOVATE your company NOW!

Read more at Black Enterprise 

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HOW TO NEGOTIATE FEARLESSLY—EVEN IN TOUGH TIMES

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In her first book, negotiation guru Mori Taheripour offers readers more than a decade of expertise honed as both a faculty member at the Wharton School of Business and adviser to organizations such as the NFL and Goldman Sachs 10,000 Small Businesses program. Even in the midst of economic crisis, she insists, it’s important to negotiate—and to get creative about how.

Negotiations become more, not less, critical at times like these, when the economy is struggling and unemployment is running high. Whether you’re setting a price for your side hustle, or bargaining with clients or an employer seeking to downsize your regular pay, while you may not have much leverage in the moment, setting the stage for the comeback is key.

“It’s important to make sure that your clients don’t expect deep discounts to continue,” she says.

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The Black Tax: Why African Americans Must Work Harder to Build Wealth

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After 400 years in this country, black families hold a fraction of the wealth of white families. And that is due, in part, to what is referred to as the “black tax.”

The term “black tax” is commonly used in South Africa, where it refers to the financial support that black professionals are expected to give their extended families. In the U.S. it also describes the racial dimensions that perpetuate a cycle of inequality such as lower pay and a lower standard of education.e

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US lenders overlook minority-owned businesses in allocating covid-19 aid

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As US lenders strive to divvy up the government’s $349bn aid package, Black-owned and other minority-owned businesses are struggling to meet the banks’ requirements.

Thousands of minority-owned businesses—which have traditionally been less likely to secure bank loans—are at risk of being shut out of the government rescue package, as banks favour existing customers.

The aid package, known as the Paycheck Protection Program, could be a lifeline, especially for minority-owned businesses, whose limited resources are quickly depleted as a result of the government-mandated lockdown.

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