Wednesday, February 2, 2011

The Boss Effect: How Small Gestures Make Big Impressions

http://blackbusinessownership.com

via BLACK ENTERPRISE by Janell Hazelwood on 2/1/11

Company leaders and executives have a great deal of power in the workplace, and with this power comes increased scrutiny by employees. The slightest sigh, heightened tone of voice, or quip can translate into key executive amplifiers that can either motivate or mislead subordinates. BlackEnterprise.com talked with Cherry Collier, Ph.D., executive coach and CEO of The Fruits of Labor Inc., on how to manage amplifiers to benefit employee morale and productivity and facilitate a balanced, positive work environment.#####


Understand the impact you have as an executive or person of authority.
In those positions, you can't afford to have things taken in incorrect ways, Collier says.  "Don’t make assumptions [about how you might be perceived]," Collier says.  "You might not have the intent, but you have the impact." #####


DO sweat the small stuff.
Be aware of the way you carry yourself and the effect it may have on workplace interactions. You could inadvertently be sending the wrong message with even the slightest action, such as pointing when you speak or crossing your arms during meetings. "I realized I’m a very analytical person, so oftentimes when I’m in deep thought, I don’t smile," Collier says.  " People would look at me and say, 'What’s wrong with you?' I had to train myself, and my clients, to smile more." #####

Get feedback via a coach or outside objective party. Gaining insight into your mannerisms and the way you present yourself is a good idea. Have someone shadow you for a day or videotape yourself, and get honest critique on your strengths and weaknesses, Collier suggests. "When you become a leader, it's about influence," she adds. "You want to make sure your language [and mannerisms] are inviting and welcoming." #####

What might be OK for the employee may not be good for the boss. The trivial joke or casual  communication can be inappropriate from a person of authority such as an executive, supervisor or manager, especially if its ill-timed. "Eliminate things like sarcasm because again, you don't want to express anything that might be taken the wrong way," Collier says. You want your staff and those who work under you to take you serious as a leader, so staying away from anything that might hinder that is key.#####

Find ways to ensure your staff or employees have the correct impression of you and your management style. "Pick specific dates and time on your calendar to say hello and get to know people," Collier suggests. Communicate clearly with your staff about your leadership style and various personality characteristics.#####

Be self-aware and personally responsible. "Learn how to be more comfortable in your own skin," Collier says. The more you understand yourself, the more you can be comfortable in your mannerisms and the more comfortable people are going to be in their interactions with you.

Dr. Boyce Video -- Dr. Byron Price Speaks on Black Male Mass Incarceration

via BV on Money by Boyce Watkins, PhD on 2/1/11

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Most of us think that slavery was abolished with the Emancipation Proclamation, signed by Abraham Lincoln roughly 150 years ago. Unfortunately, that's not the truth. The United States Constition, in the 13th Amendment, actually states that slavery is legal for those who've been convicted of a crime.

It is no coincidence that those who were enslaved over 150 years ago (African Americans) are also those who are most likely to be incarcerated today. One person who can help us understand this relationship is Dr. Byron Price, Associate Professor of Political Science at Texas Southern University. Byron studies the Prison Industrial Complex for a living and helps us to understand why our community must take a stand and be outraged over what is happening in our prisons.


When prisons are full of black men, that means that fathers are being taken away from their children and potential husbands are being taken away from black women. In fact, economists have drawn a clear and consistent link between mass incarceration and the proportion of black women who never walk down the isle. Making matters worse is the fact that these individuals are marginalized from society for life after doing time, even if they committed their crimes at an early age: they can't vote in most states, they have a difficult time getting access to an education, and they can't find jobs. So, by thinking that we are tough on crime, we are actually making crime worse by increasing the risk of recidivism.

So, if you want to know why I've remained involved with the prison inmate strike in Georgia and created an organization to help create opportunities for formerly incarcerated Americans, you now know why. The truth is that although many of us may never serve time in prison, the prison industrial complex affects almost all of us in some significant way. Our boys are being led down a trail of death and misery and we must find ways as a community to shut this thing down by any means necessary.

The interview with Byron is below -- enjoy!

PRODUCTION PLAYER! DO NOT DELETE.

Dr. Boyce Watkins is the founder of the Your Black World Coalition and a Scholarship in Action Resident of the Institute for Black Public Policy. To have Dr. Boyce commentary delivered to your email, please click here.

 

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UBR Morning Post: NuJak Entrepreneurs Share the Power of Partnerships

via BLACK ENTERPRISE by Alfred Edmond, Jr. on 2/2/11

NuJak's city: Partners Jackson and Kendrick

This week on The Urban Business Roundtable, UBR Executive Producer TaQuoya Kennedy speaks with Frank Kendrick and Tim Jackson, the business partners behind NuJak Companies, winner of the 2010 Black Enterprise Small Business of the Year award. NuJak, founded in 1992, provides construction management, general contracting and real estate services.

WATCH: NuJak Companies Entrepreneur of the Week profile on the Black Enterprise Business Report

Based in Lakeland, FL, the epicenter of the Sunshine State's high tech corridor, NuJak specializes in the design and construction of commercial facilities, including those for religious, educational and financial institutions. NuJak implemented an extensive technology enhancement strategy that resulted in savings of about $150,000 per year. Kendrick and Jackson share how as fraternity brothers and buddies from college, they came together to pool their skills, knowledge, talent and capital to create one of Florida's fastest growing Black-owned construction firms. In addition, Kennedy will speak with them about what it take to create and maintain a successful business partnership between friends.

Grant shares wealth-building tips.

Also on this week's edition of The Urban Business Roundtable, contributor Renita Young speaks with Gerald Grant Jr., director of financial planning for AXA Advisors' South Florida Branch and author of Bold Moves to Creating Financial Wealth. Named Banker of the Year by the Miami-Dade Urban Bankers Association, Grant explains what he's found to be the key difference between wealthy and non-wealthy people, while sharing proven wealth-building tips.

My "Alfred's Notepad" commentary shares some of the key elements of a great elevator pitch for your business. This information will be very useful to entrepreneurs who intend to enter the 2011 Black Enterprise Elevator Pitch Competition for a chance to win prizes, including $10,000 in capital for the best business pitch. Finalists will earn the chance to deliver their pitch at the Black Enterprise Entrepreneurs Conference, slated for May 22-25, 2011 in Atlanta. The deadline for contest entries is March 31, 2011. Once again I'll also be sharing a special discount code that will allow UBR listeners to knock more than 50% off of the cost of registration for the Entrepreneurs Conference, if they register by February 12. (That's next week, folks!)

In addition, every week on UBR, you'll get motivation and inspiration from author and entrepreneurial icon Farrah Gray, a weekly wrap-up of business news from USA Today Business Correspondent Charisse Jones, our Patient Investor Report from Ariel Investments and key economic intelligence for small business owners from our UBR Economists Derrick Collins and Rasheed Carter.

If you have a question you want answered or a topic you want addressed on The Urban Business Roundtable, send me an e-mail at edmonda@blackenterprise.com or to me at Twitter or Facebook.

Alfred Edmond Jr.

Alfred Edmond Jr. is the senior VP/editor-at-large of Black Enterprise and the host of the Urban Business Roundtable, a weekly radio show, sponsored by Ariel Investments, airing CST Wednesdays at 8:30 a.m., Thursdays at 6:30 p.m. and Saturdays at 9:30 a.m. on WVON-AM 1690, the Talk of Chicago. You can also listen live online at WVON.com. Check back each Wednesday for The UBR Morning Post, which features additional resources, advice and information from and about the topics, entrepreneurs and experts featured on the show.

Half of Detroit Public Schools In Danger of Closing

http://blackbusinessownership.com

via BLACK ENTERPRISE by Tamara Warren on 2/2/11

Detroit's school system is getting a failing grade (Thinkstock)

Detroit is in trouble—again. The city’s public school district continues to grapple with a $327-million budget deficit, resulting in painful cuts for staff and students. If an alternate solution isn’t implemented, the district will be forced to shut down half of its schools by 2014, pushing the average high school class size up to 62 students, run by offsite regional principals.

While decision-makers describe the plan as a draconian solution, time is running out and early stages are already in place as the school system buckles under the deficit. “That’s what the current law requires us to do,” says Steve Wasko, Executive Director of Public Relations for Detroit Public Schools. “We call it Plan A. We have porous boundaries and it would further drive parents away from our school system, but it is the plan to exist.”

In response, Detroit educational leaders are meeting with state officials, scrambling to advocate for at least two alternative plans. “We've been generating long term proposals to share with elected officials in Lansing,” Wasko says. One plan under consideration includes a proposal that was submitted for President Obama’s “Race To The Top” initiative, which includes the elimination of teacher seniority. Another plan involves taking existing debt and discarding it, similar to a General Motors style restructuring. Detroit officials have also been looking at models used in New Orleans post-Hurricane Katrina for federal funding to drive academic reforms.

While Detroit residents pay considerably higher property taxes than the surrounding suburbs, the city’s population has decreased significantly in the last decade due to a host of quality of life issues—including the economic downturn, lack of jobs and an increase in crime. The decline in the state’s economy has deepened the problems for the city’s schools, where funding sources have dwindled. In 2000, 180,000 students were enrolled in Detroit Public Schools. That number has since decreased to 74,000. Of the students left, more than 80% are from economically disadvantaged backgrounds, according to the Detroit Free Press. Classrooms are already overcrowded—averaging 35 students from sixth to twelfth grade—so doubling the class size will be a nearly impossible undertaking for teachers to handle effectively.

“What I worry about are people who live in the Detroit district, because of the budget cuts and financial problems, they will have to change schools and go to another district,” says DeWanna Arrington, a local high school senior who will attend Eastern Michigan University in the fall to study nursing. “I’m really worried about students who will give up and drop out. You need a high school education and some type of degree in college in order to get a job. I worry about the teachers that will lose jobs. There are really good teachers here.”

Detroit’s school district has been in a state of turmoil for nearly a decade, when a state takeover was implemented due to mismanagement and constant infighting between the school board and the superintendent. In February 2009, consultant Robert Bobb was appointed as the Emergency Financial Manager. In a November 2009 Black Enterprise article “Can Detroit Be Saved?” Bobb told BE’s Editorial Director Alan Hughes, “the school system must put in place, aggressively and urgently, methods for 21st century teaching and learning.” At the time, he was considering having the city's school district file for bankruptcy, a proposal that was eventually abandoned.

Bobb's contract ends this spring, but it’s likely to be extended until the end of the school year. “I don't know if the state would appoint another financial manager, but it would be hard to imagine it without [one],” Wasko says. Under new state leadership of Republican Governor Rick Snyder, it’s unclear of how the change in governance will affect the city’s plight and what the next steps will be in the process.

Continued on page 2.

Friday, January 7, 2011

In the News: TV No Longer a Viable News Source for Young Adults

http://blackbusinessownership.com

via BLACK ENTERPRISE by Janel Martinez on 1/5/11

The Internet has surpassed television as the main national and international news source for people under 30, according to a Pew Research Center study.

Last year, 65% of people ages 18 to 29 named the Internet as their source for news, which almost doubled from 34% in 2007.  Those who did consider television as their main source slipped from 68% to 52% in that same time frame.

This trend is spreading to other age groups. Nearly half (48 %) of those in the 30-59 age range note the Internet as their central news source. This is up from 32% in 2007, whereas television dropped from 71% to 63%. The number of people 65 and older who pull their news from the Internet rose from 5% to 14%. On the other hand, of those in the 51-64 age group, 34% turn to the Internet, which is comparable to the number of people who name newspapers (38%) as their go-to source.

The study surveyed 1500 American adults, 41% saying they received their national and international news from the web—a 17% increase from 2007.

What do you think? Take our survey.


For related content, read:

Follow Black Enterprise at the Consumer Electronics Show

4/11: Green Machines --11 Eco-Friendly Cars for 2011

New FCC Rules Exclude the Way Blacks Get Online

In the News: TV No Longer a Viable News Source for Young Adults

http://blackbusinessownership.com

via BLACK ENTERPRISE by Janel Martinez on 1/5/11

The Internet has surpassed television as the main national and international news source for people under 30, according to a Pew Research Center study.

Last year, 65% of people ages 18 to 29 named the Internet as their source for news, which almost doubled from 34% in 2007.  Those who did consider television as their main source slipped from 68% to 52% in that same time frame.

This trend is spreading to other age groups. Nearly half (48 %) of those in the 30-59 age range note the Internet as their central news source. This is up from 32% in 2007, whereas television dropped from 71% to 63%. The number of people 65 and older who pull their news from the Internet rose from 5% to 14%. On the other hand, of those in the 51-64 age group, 34% turn to the Internet, which is comparable to the number of people who name newspapers (38%) as their go-to source.

The study surveyed 1500 American adults, 41% saying they received their national and international news from the web—a 17% increase from 2007.

What do you think? Take our survey.


For related content, read:

Follow Black Enterprise at the Consumer Electronics Show

4/11: Green Machines --11 Eco-Friendly Cars for 2011

New FCC Rules Exclude the Way Blacks Get Online

Russell Simmons Asks: What Would You Do if You Were Super-Rich?

http://blackbusinessownership.com

via BV on Money by Alexis Stodghill on 1/5/11

Filed under: ,

Russel Simmons New Book
Russell Simmons, in an essay on the Huffington Post promoting his new book, 'Super Rich: A Guide to Having it All,' asks readers what they would you do if they were super-rich? The answers may surprise you. People responded on Twitter with a range of answers showing the breadth and depth of the spirit of caring. Here are some of Russell's top answers:

http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,entry&id=891462&pid=891461&uts=1294262174

Def Jam's Movers & Shakers
Since it was founded in 1984 in Rick Rubin's New York University dorm room, Def Jam Recordings has been home to some of the greatest artists in hip-hop music. Talented rappers and singers, from LL Cool J and Jay-Z to Patti LaBelle and Rihanna, have called the legendary record label home. In celebration of Def Jam's 25 years in the music business, Blackvoices.com takes a look at some of the important figures who have made the imprint what it is today.
Arnold Turner, WireImage
AP
BlackVoices.com

Def Jams Movers & Shakers

25 People Who Helped Shape Def Jam Records
Celebrating the 25th anniversary of hip hop's most durable brand should not be taken lightly. Blackvoices.com pays homage to the 25 people out-front and behind-the-scenes who made a difference.

Def Jams Movers & Shakers

Since it was founded in 1984 in Rick Rubin's New York University dorm room, Def Jam Recordings has been home to some of the greatest artists in hip-hop music. Talented rappers and singers, from LL Cool J and Jay-Z to Patti LaBelle and Rihanna, have called the legendary record label home. In celebration of Def Jam's 25 years in the music business, Blackvoices.com takes a look at some of the important figures who have made the imprint what it is today.

Def Jams Movers & Shakers

Who: Russell Simmons
What: Around 1984, rapper Jazzy Jay introduced the Phat Farm clothing founder to Rick Rubin, and the two created Def Jam Records. LL Cool J, Public Enemy and the Beastie Boys were some of the early artists that Simmons signed. But his time with Def Jam ended in 1999, when he sold his stake in the company to Universal Music Group for $100 million.
Factoid: Pre-Def Jam, in the early 1980s, the Queens, NY, native spent his time as a concert promoter for early hip-hop acts like Kurtis Blow and Run-DMC - the latter act included his brother, Joseph DJ Run' Simmons.

Def Jams Movers & Shakers

Who: Rick Rubin
What: While attending New York University, he created Def Jam Records with Russell Simmons. Rubin was the Beastie Boys' original DJ and worked extensively with heavy metal groups, including Slayer, the Red Hot Chili Peppers and Metallica.
Factoid: Rubin came up with the idea of having Run-DMC cover Aerosmith's 'Walk This Way.' The 1986 version of the song became an MTV staple and made the Queens-bred trio crossover superstars.

Def Jams Movers & Shakers

Who: LL Cool J
What: Up until his most recent release 'Exit 13' last year, he remained Def Jam's longest-signed artist. The Queens rapper dropped out of school in 1985 to record his debut, 'Radio,' and has made a name for himself creating more pop-friendly rap songs that cater to women, including 'I Need Love,' 'Hey Lover' and 'Around the Way Girl.'
Factoid: LL Cool J has starred in the TV shows 'In The House,' Oz,' and 'NCSI: Los Angeles,' the movies 'Any Given Sunday,' 'Deep Blue Sea,' 'Krush Groove' and 'Last Holiday' opposite Queen Latifah.

Def Jams Movers & Shakers

Who: Beastie Boys
What: Rick Rubin signed the punk rocking rappers to Def Jam in 1984. Their big break would come in the form of 'Licensed to Ill,' the group's 1986 offering that became the best-selling rap album of the 1980s and the first rap album to hit number one on the Billboard album charts. It's recognized as the fastest-selling Def Jam debut to date.
Factoid: 'Licensed to Ill' sold more than 5 million copies and spawned the breakout single 'Fight for Your Right to Party.' But after it was released, the Beastie Boys ended their relationship with Rubin and signed with Capital Records.

Def Jams Movers & Shakers

Who: Alyson Williams
What: She's the first R&B artist signed directly to Def Jam Records.
Factoid: After singing background on classics such as Kurtis Blow's 'Basketball' and The Fat Boys ''The Fat Boys Are Back,' the Harlem native released three critically acclaimed opuses: 'Raw' in 1989, a self-titled 1992 set and 2005's 'It's About Time.' She remains a staple on the New York City live club scene.

Def Jams Movers & Shakers

Who: Public Enemy
What: Arguably one of the greatest hip-hop groups in history, Public Enemy had a long career at Def Jam Records. The label's co-founder, Rick Rubin, signed the New York rappers after hearing a demo of front man Chuck D freestyling. And the rest is history.
Factoid: Public Enemy's 'Fight the Power' became the theme song of Spike Lee's 'Do the Right Thing' movie in 1989. Coincidentally, PE's final Def Jam album was the soundtrack to Lee's 1998 film 'He Got Game.'

Def Jams Movers & Shakers

Who: Bill Bellamy
What: The soundtrack to Bill Bellamy's 1997 comedy 'How To Be A Player' was released by Def Jam. The gold-certified-album also included the hit song 'Big Bad Mamma' by Foxy Brown and Dru Hill, as well as tracks by Junior M.A.F.I.A. , Redman and 2Pac.
Factoid: The Newark, New Jersey native has deep roots with the Def Jam brand. He and his then-girlfriend Roceania Williams starred in the music video for the Alyson Williams song 'Can't Have My Man' in 1992. The former 'MTV Jams' VJ also was a part of the troupe of acclaimed comedians who appeared on the groundbreaking HBO series "Def Comedy Jam' in the early 1990s.

Def Jams Movers & Shakers

Who: Warren G
What: Long Beach, California-reared rapper Warren G is credited with reviving Def Jam Records. Shortly after PolyGram acquired the record label, Warren G released his debut, 'Regulate...G Funk Era.' The triple-platinum album boosted the infectious single 'Regulate' with Nate Dogg.
Factoid: Warren G (real name: Warren Griffin, III) appeared on season five of the hit VH1 reality series 'Celebrity Fit Club.'

Def Jams Movers & Shakers


@buyhousescheap wrote, "If I were #SuperRich I would rebuild Haiti."

@313Don214 said, "If was super rich I would buy an apartment building to give the homeless a second chance."

@Tim Summa wrote, "I would put away enough money to help my family, then I would start to help the youth. There would be after school programs, or maybe I would start my own schools."

@Antwon Butler Sr said, "I will help with all the inner city school and make sure they all get an education jus like the private school kids get, ya dig."

@FlavianaMatata said, "If I was #SuperRich I would...make sure at least 25% of Tanzania ppl could use internet..."

And there are even more great ideas where that came from, showing that people also have an instinct to share wealth, not only horde it. During this difficult time in America when so many are losing their economic security through job loss or the loss of a home, it is eye-opening to see in plain words that fiscal uncertainty can't crush the basic human desire to provide for the welfare of others.

So I ask also you, BV community: What would you do if you were super rich? It's a great question, and I commend Russell Simmons for asking it. It opens up a dialogue that helps to put our personal financial problems in perspective and become interested in helping our world. I for one would work on establishing education centers, group living facilities and jobs training programs for single mothers in an environment that supports the care of both mothers and children, in order to break the cycle of poverty that so often affects this vulnerable group.

What would you do if you were super rich?
Leave your comments below!

 

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4/11: 11 Life-Altering Trends to Watch for 2011

http://blackbusinessownership.com

via BLACK ENTERPRISE by Janell Hazelwood on 1/6/11

With 2010 logged into the history books, it’s time to look forward to the future and the people, places and things that will shape our world for the next 12 months. Over the course of this week, Blackenterprise.com will be giving you the 4/11 on some of the big innovations, developments and trends on the horizon for 2011.  Today, we highlight lifestyle trends that will make this year both balanced and unforgettable. #####

GROUP BUYING TO SAVE CASH: More companies are predicted to jump on this bandwagon in 2011, ushering in sales and steals for you—whether you’re looking for a helicopter ride over New York City, a great spa, or tickets to your favorite game. Websites such as Groupon and Living Social have made offering discounts a team effort, where daily deals are redeemable only after a certain number of people buy into them. Even companies such as Wal-Mart and Zagat have offered group-buying deals. And more Websites, both with regional and national deals, are gaining traction, including Tippr, Juice in The City, and Crowdsavings. #####

FITNESS AS A PARTY: Staying fit now seems more like a night out with friends than grueling workouts at a gym. "We’ve moved away from step classes with fairly limited moves, to group fitness classes that draw dance from all around the world—African, South America, Asia," says Leslie Nolen, president at the Radial Group, a firm that specializes in marketing and strategy for health and wellness businesses. “I think one of the most important developments in fitness is the idea that being active can and should be fun." From Zumba to Bellyfit to Yoga Booty Ballet to Striptease Aerobics to Samba, incorporating dancing, socializing, sensuality, and creativity makes staying in shape feel like you never left the New Year's Eve party. #####


EXOTIC LEISURE TRAVEL:
According to a TripAdvisor.com survey, 90% of respondents plan to take two or more leisure trips this year. And 69% of travelers plan to take international trips. Top domestic locations continue to be major cities such as New York, Las Vegas, Washington, D.C., and Orlando, according to Travel Leaders Group. Adventure tours and cruises are the popular options this year. The new Disney Dream cruise ship takes its inaugural trip Jan. 26., with the industry's first watercoaster. And hot international spots off the beaten path include the Philippines (with the pristine beaches of Pamalican Island); Australia (in the aftermath of Oprah's amazing trip with 300 audience members); and India (with its upcoming Cricket World Cup).#####

GEOSOCIAL NETWORKING: The idea of people knowing where you are and what you're doing at all times might seem daunting to some, but this trend is one that's expected to continue picking up speed since the introduction of Foursquare. Sites such as FastSociety.com and LikeOurselves.com are making it easier for people to link up with friends or meet new people who have similar interests in real-time without much planning or fuss. Phone apps allow you to coordinate meet-ups, find new hotspots of interest, and even make love connections—no phone call, text message, or e-mail invite needed. #####

ENGAGEMENTCATION: Sounds like quite a spelling bee doozy, but according to American Express Travel, this trend will continue gaining momentum. The usual drop-down-on-one-knee at his or her favorite restaurant for a marriage proposal seems not as alluring as wisking her (or him) away to pop the question.#####

EXTREME RACING: Fitness buffs are predicting triathlons, ultramarathons, and other types of challenging races will continue an upsweep in popularity. Races such as the Lotoja Classic, a 206-mile bicycle race that starts in Utah and ends in Montana, are prime options for those who want push their mental and physical stamina to the limit this year.#####

QUICK MOBILE COMMERCE: In 2011, accessibility and convenience are key. Reports of Google's plans to incorporate NFC technology that enables purchases to be made by waving a device over a receiver at store registers have trend watchers predicting this will become more of the norm this year. Beyond simply purchasing items or redeeming coupons and deals from your phone, buying groceries, clothing and other items becomes a cinch via "bumping," saving just that much more time in your busy day.#####

CONVENIENT CUISINE: More convenience stores are ramping up their food offerings, with some expanding their fare with grab-and-go options, including prepared goods, fresh bread and other offerings you probably wouldn't have found on a typical late-night trip for toiletries. Also, restaurants and chefs have been going the food truck and pop-up route, with more expected this year. So what was once a foodie faux-pas (a la street food) option becomes an on-the-go stop you can't resist.#####

TABLET TAKEOVER: Apple sparked major pandemonium with the introduction of the iPad last year, and the tablet sales are expected to rise to $46 billion by 2014. And the price is set to go down by the end of the year, hitting less than $300 by 2015. From Samsung's Galaxy Tab to other versions popping into the market, these devices provide the PC experience in a sleek, lightweight and super-portable package and are set to be a tech necessity.#####

GARDENING WITH A PURPOSE: Home gardens are expected to be an attractive option this year, as more consumers grow their own produce for consumption, according to Garden Media Group. From rural to urban communities, neighbors are getting together to provide produce for their families, saving both time and money on feeding their families. #####

ALL THAT IS GREEN: More of the population is moving back into major cities, where public transportation is more the norm than getting into the driver's seat and taking the freeway. Auto companies have taken notice as well with green car technology advances. With more incentives to conserve the Earth, getting on the road to eco-friendly isn't such a bad idea in 2011.#####

To get the 4/11 on what to watch in 2011, see...

 

Will Mobile Supply Meet Minority Mobile Demand in 2011??

http://blackbusinessownership.com

via Black Web 2.0 by navarrow wright on 1/6/11

With all the challenges minorities face in this country with broadband adoption, we still outpace other demographics when it comes to adoption in the mobile space. There are numerous reasons for this from portability and lack of computer ownership to the multitude of options from major carriers to prepay services like Virgin mobile and Boost mobile.  Regardless of the reason minorities are leading the surge and not just in basic mobile services but in the cutting edge areas such as mobile video.

So with the apparent demand in this space the question still remains why is there still such a lack of content and applications available that’s relevant to this audience? In the Apple store, and Android marketplace you would be hard pressed to find options there that are geared to minorities, especially African Americans and Hispanics. Some of the larger media outlets that appeal to these audiences have “stuck their toes in the water” in terms of their attempts to establish a presence on these platforms but nothing to show a firm commitment to providing relevant services to their audiences on these platforms on a consistent basis.

So the question I pose is will that change the 2011? I’ve been telling people that 2011 will be the year of the iPad with it being the hot gift of the holiday season but with iPhone sales still surging and carriers essentially giving android phones away the market will only get bigger in 2011. Will media companies and app developers see this opportunity and start to provide apps and relevant content for this audience? The impact on not only existing communities online would be significant, not to mention the ability to draw more people who have not adopted broadband with the appeal of relevant offerings. With the opportunity so big and the stakes so high, who do you think will take the lead in 2011? Let me know your thoughts?

5 Steps to a Richer 2011

http://blackbusinessownership.com

via BLACK ENTERPRISE by Alfred Edmond, Jr. on 1/6/11

The holiday shopping season is over and the New Year has begun. Reaching your financial goals starts with getting a clear picture of where you are today. Guessing and estimating will not do; you need to know exactly where you stand financially, to the dollar if not to the penny, not in your head, but on paper (even better, on computer). To increase your wealth by December 31, 2011, here's what you need to do NOW. #####

 

 

 

 

 

 

 

Order your credit report for richer 20111. Order your credit reports. You're entitled to a free copy of your credit report from each of the three major credit reporting agencies, Experian, TransUnion and Equifax, every year. Order at least one of them now. You can order all three, which gives you a better chance of catching and correcting errors in the reports, since they may differ from agency to agency. Or you can get the first one now, a second one in four months and a third in eight months as a way to monitor your credit for free during the year. Which ever way you go, you need to see what your credit history looks like. By the way, while the reports are free, your credit scores are not. Now's not the time to be cheap; pay to get your scores, which will also differ from agency to agency. Most lenders will focus on the middle number. #####

 

 

 

 

 

 

Know your net worth2. Do your net worth statement. That means adding up the value of all of your assets (what you own) and subtracting from that figure the total of all of your liabilities (what you owe) to come up with your net worth. Hopefully it's positive, but it may be negative. Either way, if building wealth is your goal, improving that number is what you need to be working toward during the year. There are plenty of online resources to help you calculate your net worth; here's a good one at Bankrate.com. By making this an annual exercise, you can set goals, make adjustments for changes in your life (new job, marriage, divorce, etc.) and come up with a plan to increase your wealth from year to year. #####

 

 

 

3. Assign real numbers to your debt. Again, this is no time for guesstimating. You need to know exactly what you owe and who you owe it to, down to the last creditor, as well as the interest rates you're paying on each balance owed. This is the first step to coming up with a real debt reduction strategy. You can't come up with a plan to eliminate debt if you really don't know what you owe. #####

 

 

 

 

 

 

 

4. Update your budget. This is nothing but an on-purpose, on-paper/computer plan for exactly how you will spend your money from month to month. Stop being one of those people who run out of money before they run out of month; there's no reason you should not know exactly where your money is going. If you don't have a budget, create one. If you do have one, update it for the new year--and stick to it. Wealth builders control their spending; they don't allow their spending to control them. #####

 

 

 

 

 

 

 

5. Start tax planning now, not in April. Building wealth means not treating your tax filings as a last minute exercise. Get a qualified tax professional, preferably a CPA, to help you make sure that you are getting all of the deductions you are entitled to and keeping as much money in your pocket as possible. That means sending the IRS no more than you actually owe, not overpaying them (effectively giving the government an interest-free loan) in hopes of getting a refund after April 15. Black Enterprise Editorial Director for Personal Finance John Simons recommends the tax calculator at www.mytaxburden.org as a way to get an idea of how much you could be expected to pay in taxes this year. By the way, the earlier you get your tax documents to your preparer, the less likely it is you'll be forced to file for an extension because you did not beat the last-minute stampede to April 15. #####

More tips to help you get richer in 2011:

  • Your Get-Out-of-Debt Checklist
  • Credit Reporting Myths Exposed
  • Watch: 5 money management tips with Mellody Hobson
  • Smart money moves for every stage of your life
  • 5 Podcasts to Boost Your financial brainpower
  • What You Can Learn From Wesley Snipes' Tax Evasion Blunder

  •  

    Dr. Boyce Watkins Spotlight: Ash'Cash Teaches You About Your Money

    http://blackbusinessownership.com

    via BV on Money by Boyce Watkins, PhD on 1/7/11

    Filed under: , ,

    I honestly can't tell you why I became a finance professor. At the age of 18, I think I simply decided to study money because I didn't have much of it. Now that I've learned the power of money, I've been able to see the ways in which it can either empower a community or destroy it. My book, 'Black American Money' explores the ways in which economic empowerment is an incredibly important factor in our fight for civil rights.

    This leads me to be curious about intelligent young financial experts like Ash'Cash. I wasn't sure what the name 'Ash'Cash' meant when I first heard it. But after hearing his story, I found that it is the name of a young and articulate financial leader with a genuine concern for his community. It is for his interesting and meaningful work that Ash'Cash has become today's Dr. Boyce Watkins Spotlight on AOL Black Voices:

    What is your full name and what do you do?
    My name is Ash'Cash and I am an entrepreneur, motivational speaker, and the author of 'Mind Right, Money Right: 10 Laws of Financial Freedom.' I run a business management and consulting firm called the Ash Cash Management Group, LLC (AshCashMgmt.com). We specialize in business and personal financial management services for established and up-and-coming professionals. Some of our services include Business Consultation, Artist & Business Management, Marketing Plan Development, Business Plan Creation and Sponsorship Packages. I am also a personal finance expert and contributing writer for Don Diva magazine, Concrete magazine and MSNBC affiliate website TheGrio.com. I work with a few city agencies and organizations and teach financial literacy to undeserved, at risk, and incarcerated youth.

    How did you end up doing what you do today? Tell us about your background.
    I was born and raised in a single parent household in the St. Nicholas projects in Harlem. Growing up, society had most of us believe that we were either going to be dead or in jail by the age of twenty-five. Somehow through faith, family support, hard work and sacrifice I was able to avoid both. With more than ten years of banking experience, I was able to work my way up the ranks from teller to personal banker, private banker and branch manager at a bank. I became a VP at the largest financial institution in the world, JP Morgan Chase Bank, at the age of twenty-four. Throughout my career I managed a book of 400 affluent clients with assets ranging from $100,000 to $22 million, coached and trained over 100 sales professionals, opened and managed six branches and brought in almost $90 million in deposits. Staying true to my values I took a step back and left the big bank to better help my community and became an Assistant Vice President at the largest African American/Caribbean operated bank in the country, Carver Federal Savings Bank. During my time at Carver, I ran the main office in Harlem controlling over $180 million in deposits.

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    New Black Charity Leaders
    Mary J. Blige: This international R&B superstar has become an advocate for women by co-founding the Foundation for the Advancement of Women Now (FFAWN), opening the Mary J. Blige Center for Women in Yonkers, NY, and adopting an all-girls public high school in the Bronx, NY by serving as a mentor and providing college scholarships.
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    New Black Charity Leaders

    Mary J. Blige: This international R&B superstar has become an advocate for women by co-founding the Foundation for the Advancement of Women Now (FFAWN), opening the Mary J. Blige Center for Women in Yonkers, NY, and adopting an all-girls public high school in the Bronx, NY by serving as a mentor and providing college scholarships.

    New Black Charity Leaders

    Chris Rock and Malaak Compton-Rock: Chris Rock has donated quietly for many years to his local Salvation Army where he spent time as a youth, but his wife Malaak Compton-Rock is taking the couple's philanthropy to new heights through her organization The Angel Rock Project, and its program Journey for Change that empowers youth through global service. Want to learn 100+ ways to live a life of service? Check out her new book, 'If It Takes a Village, Build One.'

    New Black Charity Leaders

    Usher: This R&B superstar wants to groom the next generation of leaders and philanthropists! Usher's New Look Foundation provides career development, service opportunities, mentorship, and grants for youth led service projects through its Camp New Look Leadership Academy, Moguls in Training program, and Powered By Service, an initiative designed to get young people involved in changing their communities and the world. At the initiative's launch in 2009, Usher pledged $1 million dollars to the project, which has plans to mobilize over 5,000,000 youth in a global call to service.

    New Black Charity Leaders

    Hill Harper: This Harvard law school graduate-turned-actor has helped motivate youth through his MANifest Your Destiny Foundation, a non-profit organization that provides young men and women with nurturing support systems, resources, encouragement, and guidance through mentorship, scholarships and grant programs. Harper regularly travels around the country providing motivational workshops to youth and educators, and has authored two books, 'Letters to a Young Brother' and 'Letters to a Young Sister' to further help our youth develop productive futures.

    New Black Charity Leaders

    Alicia Keys: As the co-founder and global ambassador for the non-profit organization Keep A Child Alive, Alicia was inspired to support HIV/AIDS treatment initiatives after a trip to Africa. Because of her dedicated efforts, the organization has raised millions of dollars for AIDS patients in Africa and India, ensuring that they receive life saving medical treatment.

    New Black Charity Leaders

    Rodney Peete and Holly Robinson-Peete: Actress Holly Robinson-Peete became an advocate for autism after her son was diagnosed with the disorder. In an effort to help others living with the autism, Holly and her husband Rodney recently released the books, 'Not My Boy' and 'My Brother Charlie.' Inspired by their son and Holly's father who passed from a battle with Parkinson's disease, the couple formed hollyrod4kids with the mission to help improve the quality of life of people plagued with devastating life circumstances.

    New Black Charity Leaders

    Steve Harvey: This best-selling author and syndicated radio personality is on a mission to mentor young boys and help groom the next generation of leaders through the Steve Harvey Mentoring Weekend for Young Men, the Steve Harvey Disney Dreamers Academy and the Steve Harvey Foundation. He shared on his foundation's blog, "...you are blessed to become a blessing period. God does not bless us to become blessings and not reach back and give in our community."

    New Black Charity Leaders

    Alonzo & Tracy Mourning: This philanthropic couple each have initiatives that inspire, empower and enrich the lives of youth in Miami, Florida. In 1997, Alonzo founded Alonzo Mourning Charities, which has raised over $7 million for non-profits serving at-risk children and youth, and the Overtown Youth Center for underprivileged youth. His wife Tracy created the Honey Shine Mentoring program for young girls. Due to their charitable efforts, a high school was named in their honor -- Alonzo and Tracy Mourning Senior High Biscayne Bay Campus!

    New Black Charity Leaders


    With what I was able to accomplish in such a short amount of time I believe that my purpose in life is greater than me! Most of my friends are either dead, in jail or have some type of criminal background; God spared me for a reason. I could have easily become any of my friends so I realize now that I must be of service and help those who can still be saved!

    What inspires you to work with the African American community on matters of financial literacy?
    Jay-Z once said "There's much bigger issues in the world, I know; But I first had to take care the world I know!" That's exactly how I feel. I am product of this environment and the difference between those who are successful and those who are not is simply access to knowledge and the application of that knowledge. In layman's terms, "If you know better you'll do better"... and while that might not be true 100% of the time, I do believe that the more we see people of our same background rise to places we never thought possible, the more chances we have to change our circumstance. Financial literacy is what I know. Through working with other classes of people I have realized that if we changed how we manage our money, if we knew the difference between assets and liabilities, if we learned how to prioritize and put the first things first, then most of the issues that we go through as a people would either diminish or be non-existent.

    What are some of the biggest problems you see in the community as it pertains to money?
    You'll notice that I love using quotes so here's another... Will Smith once said "We spend money we don't have to buy things we don't need to impress people we don't like." That sums up our biggest problem in a nutshell. As a people we are so used to not having money that we can't really grasp the concept of saving for the future and spending our money wisely. Couple that with the fact that a lot of us have low self-esteem so we use material things to make us feel better. Some of us would rather spend money on cars, jewelry and clothes than to become homeowners, save for emergencies or fix our credit. Our issues are deeply rooted and they become a cycle that is passed down from generation to generation making it more difficult to break. The good news is that there's a movement going on; people are starting to wake up and take more responsibility. We are seeing more of our people excel in positions that in the past didn't seem possible. This movement is what is spearheading the paradigm change and forcing many of us to put the first things first.

    Tell us about your book and why people should read it?
    'Mind Right, Money Right: 10 Laws of Financial Freedom,' is a book designed to teach you how to effectively manage your personal finances. It shows you how with the right mental attitude and laser sharp focus, you can have anything you desire in life. It's an easy to read book that anyone, at any level, can understand.This book is especially geared towards anyone who is tired of having a dependency on money and is ready to take some practical steps in order to correct it. This is our generation's 'Think and Grow Rich.' Starting with the power of self confidence the book discusses in detail how having a positive mental attitude, paying yourself first, budgeting and planning for the future are all ways to immediately change your financial situation. 'Mind Right, Money Right' demonstrates how your mind set plays a tremendous role in creating financial abundance. By using examples of successful people such as Sean Combs, Tyler Perry, Oprah Winfrey, Shawn Carter, Curtis Jackson, Chris Lighty and many others, the reader is given a real life account of how these laws have worked for others and how it can work for them. It's important to point out that the title is 'Mind Right, Money Right' and not the other way around. Once we are able to control the way we look at money, the way we feel about money and the way we think about money, then it will become easier for us to keep and grow our money...To sum it up simply: This book will change your life!

    Is there anything else you'd like to share with our AOL Black Voices audience?
    Absolutely! First I would like to thank you for all that you do as it relates to financial literacy! Your voice is definitely needed and appreciated in our community and beyond and I hope to one day have a similar impact. To the AOL Black Voices audience, I want to remind you that we are still recovering from one of the worst economic meltdowns in our nation's history. With bankruptcies, foreclosures and unemployment still high, many of us are still afraid of what the future holds! Now is the time to make a decision! We can either sit back and allow fear to stop us from going after our dreams or we can look fear straight in the face and say, "This is my time!!" Studies show that many successful businesses have been started during bad economic times and continue to do well way after. Burger King, FedEx, Microsoft, CNN and MTV are all examples of such companies. Hard times can either be the ending point or the starting point. The choice is ours and we have no excuse! Let's all make the conscious effort to begin to take care of our responsibilities and never let anything or anyone hold us back! The world is ours! Let's make sure we are taking what we deserve!! Each one, teach One!

    For more information on Ash'Cash please visit www.IamAshCash.com.

    Dr. Boyce Watkins is the founder of the Your Black World Coalition and the author of the bookBlack American Money To have Dr. Boyce commentary delivered to your email, please click here. To suggest a subject for a Dr. Boyce Watkins Spotlight, please click here.

     

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    10 Creative Ways to Make Extra Money Now!

    http://blackbusinessownership.com

    via BLACK ENTERPRISE by BLACK ENTERPRISE on 1/7/11

    To quote Shakespeare: “To Thine Own Self Be True” applies to finding the right “Survival Job” for you. Be aware of your own personality and scheduling needs.  If you’re a people person, there are many jobs that will allow you to be social while working i.e. jobs in event planning, catering, trade shows and conventions, as opposed to someone who wants solitude and might be interested in being a proofreader or reviewer.

    Often people don’t realize that talents and skills they already possess can be used to earn money.  Many people dog-sit for neighbors, paint houses, plan parties, build things, play a musical instrument, take excellent photographs, sing, have a flair for design, or are computer savvy.  All of these skills can be used to make money now! 

    Read more on AtlantaPost.com

    Teens and blacks face highest unemployment

    http://blackbusinessownership.com


    The employment situation has improved overall over the last year, but large swaths of the U.S. population are lagging behind, including blacks, Hispanics and teenagers.

    The Black Depression Continues Despite Recent Job Growth

    http://blackbusinessownership.com

    via BV on Money by Alexis Stodghill on 1/7/11

    Filed under: ,

    The Black Depression
    From The Huffington Post:

    The latest snapshot of the American job market, released by the Labor Department on Friday, confirms what most ordinary people already knew without need of a government report: Little is improving quickly or broadly enough to dislodge the anxiety that has taken up long-term residence in many communities.

    The unemployment rate fell to 9.4 percent in December, from 9.8 percent the month prior. But that had little to do with people actually finding work, and much to do with the jobless simply giving up and halting their searches, dropping out of the statistical pool known as the labor force.

    A deeper dive past the headline numbers reveals a reality that ought to trigger national alarm but hasn't for the simple reason that it is already embedded in the country we have unfortunately become: the Divided States of America.

    Among white people, the unemployment rate dropped in December to 8.5 percent -- hardly acceptable, but manageable were the government spending more to expand a fraying social safety net and generate jobs. For black Americans, the unemployment rate was 15.8 percent.

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    Employment Around Globe
    NEW YORK, NY - JANUARY 07: People look up employment listings on computers at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)
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    Jobs Around the World

    NEW YORK, NY - JANUARY 07: Crystal Broadhead of Brooklyn looks at job listings on a computer at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: Rodney Belgrave of Brooklyn looks at job listings on a computer at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. Belgrave is looking for labor jobs after being unemployed and doing only odd-jobs for two years. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: Crystal Broadhead of Brooklyn looks at job listings on a computer at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. Broadhead is looking for nursing jobs after being unemployed for a few months. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: Rodney Belgrave of Brooklyn looks at job listings on a computer at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. Belgrave is looking for labor jobs after being unemployed and doing only odd-jobs for two years. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: People look up employment listings on computers at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: A man looks at job listings on a board at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    NEW YORK, NY - JANUARY 07: A woman looks at job listings on a computer at a New York State Department of Labor Employment Services office January 7, 2011 in New York City. The national unemployment rate fell to 9.4 percent in December, with an increase of 113,000 jobs. (Photo by Chris Hondros/Getty Images)

    Jobs Around the World

    TO GO WITH AFP STORY US-SOCIETY-SPORT-INTERNET-HOMELESS This January 7, 2011 YouTube frame grab shows Ted Williams. The 53 year old homeless man from Columbus, Ohio with the velvet voice, has become a sensation of the Web, and now has been offered employment and a reunion with his family after the posting on the Internet. AFP PHOTO/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)

    Jobs Around the World

    A man hovers over the water on a Jetlev-Flyer at the London Boat show at the ExCel exhibition centre, in London, on January 7, 2011. The Jetlev-Flyer employs a 4-stroke engine and water nozzle reaction force, it can reach an altitude of up to 10 meters, a top speed of 35km/h and a cruising duration up to 2 hours. The annual London International Boat Show runs from January 7-16. AFP PHOTO / ADRIAN DENNIS (Photo credit should read ADRIAN DENNIS/AFP/Getty Images)

    Jobs Around the World

    A man hovers over the water on a Jetlev-Flyer at the London Boat show at the ExCel exhibition centre, in London, on January 7, 2011. The Jetlev-Flyer employs a 4-stroke engine and water nozzle reaction force, it can reach an altitude of up to 10 meters, a top speed of 35km/h and a cruising duration up to 2 hours. The annual London International Boat Show runs from January 7-16. AFP PHOTO / ADRIAN DENNIS (Photo credit should read ADRIAN DENNIS/AFP/Getty Images)

    Jobs Around the World


    Professional economists will not pause for an instant at those figures. It is a truism that the black unemployment rate generally runs double the white one, and yet when did that become acceptable? How can there be so little discussion about a full-blown epidemic of joblessness in the African-American community, as if the commonplace incidence of despair -- and, more recently, reversed progress -- somehow amounts to old news?

    "Can you imagine any other group at that level of unemployment and the media dismissing it as not important?" the Rev. Jesse Jackson asked during an interview this week.

    He described deteriorating inner-city, predominantly-black communities in Chicago and Detroit. In New York, a recent study found that more than one-third of African-American men aged 16 to 24 were unemployed between early 2009 and the middle of last year.

    "These are the same areas that were targeted for foreclosure by the banks, through reverse redlining," Jackson said, referring to the way subprime lending operations preyed with particular dispatch on minority communities. "These are the same areas that have less access to transportation, which makes it nearly impossible to get to where the jobs are. You are structurally locked out of economic participation and growth."

    The picture becomes more vivid still using a broader Labor Department measure known as underemployment, which counts jobless people along with those who are working part-time for lack of full-time work, or who have given up looking for work but are eager for jobs. Among African-Americans, the underemployment rate was running just under 25 percent late last year, according to an analysis of government data by the Economic Policy Institute in Washington. That compared to a rate of about 15 percent for white Americans.

    Nearly 15 years have passed since the publication of "When Work Disappears," a masterful book by sociologist William Julius Wilson describing in compelling detail the impact on working class African-American neighborhoods suffering large job losses: in a word, disintegration. Little has changed since then except for an acceleration of the slide.

    Read the rest on The Huffington Post.

     

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