Black Enterprise

Black-oriented business magazine.

Articles from Vol. 31, No. 9, April

About This Issue
There is one hard and fast role that everyone should follow about investing: start early. Unfortunately, too many African Americans have been tripped up getting out of the starting gate. "When I was a kid, investing was not part of my family's dinner...
A Matter of Time
There's no doubt that technology will change the way you live. The question is when? Everywhere you turn there is some reminder that you--no matter how Tech-savvy--are somehow behind the technology curve. Each new day brings some new gadget or upgrade...
A Taxing Situation
Will Web commerce stay tax free? The answer is yes--for now Should internet merchants collect sales tax for states they don't reside in? An Internet-based business is currently not required to collect sales tax outside the states in which it has...
Banking from Coast to Coast
BBOC expands interstate reach with Founders National merger Boston Bank of Commerce (BBOC) (No. 15 on the BE BANKS list) and Los Angeles-based Founders National Bank (No. 19 on the BE BANKS list) have agreed to merge. The deal will expand the country's...
B.E. Waltzes into Tennessee
African American business owners converge on Opryland The Black Enterprise/Bank of America Entrepreneurs Conference is making trails westward--breaking new ground in its mission to deliver solid prospects for the nation's African American business...
Blow-by-Blow
She lays down the law in the courtroom and in the boxing ring It was a Saturday night fight at the Casino Magic Hotel in Biloxi, Mississippi. Jacquelyn Frazier-Lyde (nicknamed Sister Smoke by the legendary Muhammad Ali) is on the card to box in...
Bluetooth Is Coming
Will consumers bite? The wireless technology known as Bluetooth has been greeted with huge enthusiasm throughout the computer and communications industries, and soon, consumers can expect to enjoy the convenience, speed, and security of instant...
Budgeting 101
Tips to help you get and stay on financial track How would you like to have a balanced checkbook, an emergency fund to pay for inevitable expenses, or extra money to start investing? Perhaps you have fantasies about a regal retirement on the golf...
Built to Last
Rodney Smith's tech infrastructure plays have staying power Like the Energizer bunny, tech-related stocks just keep going and going ... or is it growing? According to Rodney Smith, a research analyst at Wall Street Strategies, an independent stock...
Choosing the Right Path
When you fail to plan, you plan to fail. Here's how to develop a career blueprint that will help you achieve your professional goals. FOR SOME WEARY CAREER WARRIORS, NANCY FRIEDBERG IS A MIRACLE WORKER. When the career coach met one of her clients--a...
Clear Credit Card Hurdles
Take these steps for a secure debt management plan Although inappropriate credit card use can lead to financial disaster, proper use can largely enhance your life (see Declaration of Financial Empowerment, Principal No. 5: To engage in sound budget,...
College Crusader
Retired architect designs $1 million scholarship fund As a young boy, James E. Silcott would help his mother collect rent at the apartment buildings she managed and owned in Boston, his hometown. He inherited many of those same rental properties...
Finding the Right Prescription for Business
Looking for the right industry in which to launch a business or cash in on an investment? In our upcoming May issue, check out our special report on the healthcare industry. The editors at BLACK ENTERPRISE will share with you a few lucrative business...
Go to the Head of the Class
TRAVELING DOWN THE ROAD OF CAR BUYING IS AN adventure, to say the least. It's not just the challenge of deciding what you want and how many dollars you're going to spend. There's also the matter of deciding which car matches your personality. After...
Home on the Range
Names: Tina Satterwhite-Short and Kym Short-Elder Occupation: Interpretive specialist: park manager Location: Washington, D.C. Duties: Oversee National Park Service programs and initiatives for visitors to the District of Columbia's seven...
In It for the Long Haul
William Roach Jr. stands by his floundering picks Commitment is the name of the game for William H. Roach Jr., president of Atlanta-based Globalt Inc., who remains zealous about his picks from last year, despite the trouncing some of them took as...
Lead, Follow, or Get out of the Way
You don't have to be a manager to wield influence You've gotten your M.B.A. You're enrolled in the company's management training program. You've joined dozens of business associations and attended several management seminars in pursuit of becoming...
Let's Kick It Up a Notch
African American businesses embrace the practice of vertical integration A&B Books is among a growing number of African American businesses that have begun to embrace and practice vertical integration, says Claud Anderson, Ph.D., author of the...
Let's Not Panic
Over the last several months many investors found that what they'd always heard--but never really believed--was all too true: The stock market can actually go down. When technology stocks fell last year, triggering a ripple effect throughout the financial...
Letters
A GREAT START Thanks for publishing such a well-put-together magazine. Practically every article in the January 2001 issue had some useful information. I especially liked the breakdown of the BET empire and the specifics of the sale to Viacom ("Betting...
Newlywed Assets
Just married, the Coles handle the challenges of planning their financial future AFTER LIVING SINGLE FOR SO MANY YEARS, ANDREA, 28, and Reginald Cole, 26, of Marietta, Georgia, are still getting adjusted to married life--which means not only learning...
New Player at the Forum
Church spends more than $20 million on former L.A. Lakers building The Great Western Forum, a 17,500-seat arena that is the former home of the Los Angeles Lakers, has a new owner, Faithful Central Bible Church. The church's for-profit arm, Forum...
Polished and Prepared
Know how to answer before they ask You've checked the mirror and you're looking fly. Your suit fits perfectly and your shoes are as shiny as your smile. "One look at me, and there's no way they can give that job to someone else," you say to yourself...
Retiring Comfortably?
Fear of an uncertain retirement has more minorities investing The old motto, Save for a rainy day, has taken on a new level of sophistication as more people of color are realizing the benefits of saving for retirement. According to the 2000 Retirement...
Senior Safety
Citizens ban together to stop fraud against the elderly When Janie L. Wooden, Ph.D., now 80, went to visit her physician in 1989 because of the common cold, imagine her surprise after receiving her Medicare summary in the mail. It revealed that...
Staying Ahead of the Pack
Black-managed mutual funds outpace overall sinking domestic stock funds After a miserable fourth quarter, last year ended with a whimper for many mutual funds. According to Morningstar Inc. in Chicago, the average domestic stock fund lost almost...
Stocks "R" Us
Investing in the market is no play thing for this teen club The Rock, Stone Cold, and Triple H are stars of the World Wrestling Federation (Nasdaq: WWF) with magnetic drawing power. So much so, that WWF is a popular stock among the members of the...
Suite Success
Bob Johnson acquires hotels after selling BET and a part of DC Air Having built wealth and clout as a capitalist, BET Holdings II founder, chairman, and CEO Robert L. Johnson embarks on hotel ownership while still soaring with DC Air. Paying...
Take a Lesson
Today's black achievers offers insights into how they succeeded in life--and business THE SIXTH AND LATEST BOOK IN THE BLACK ENTERPRISE BOOKS series is a collection of first-person interviews conducted by series' Editorial Director Caroline V. Clarke...
Taking Care of Business
Here are some tips to help your children create wealth by building enterprises Owen Tonkins is cashing in on the seven vending machines he owns. "THE JOY OF LIVING ... THE JOY OF FUN ... THE JOY OF Pepsi ... the joy of cola" is music to Owen...
The 10 `Ps' of Prosperity
Follow them and chart big successes You've no doubt heard of the Ten commandments. To this day, they remain important life-guiding principles that govern individual and collective behavior. Wouldn't it be great if there were 10 basic rules for achievement?...
The E-Book Revolution
Self-publishing goes high-tech E-publishing. Is this the evolution of publishing--or just the Internet's version of the pet rock? According to Brandon Massey, the successfully e-published author of the suspense novel Thunderland, "most people are...
The Great Fund Round Up
This year, you can profit by spotting Grade A investments, and avoiding bum steers GUY MANNING SR. KNOWS A PRIME CUT WHEN HE SEES IT. THE BASKETBALL-PLAYER-CUM-CATTLE rancher also knows a thing or two about top-grade investments. In a stock market...
The Perils of Being Public
Black public traded companies have been shaken up in a volatile market AMONG THE MOST VISIBLE COMPANIES TO JOIN THE FRATERNITY of publicly traded corporations in recent years is Radio One Inc. The $93.3 million media conglomerate had all the requirements...
Trust Your Gut
Get in tune with your intuition It's the classic scenario in just about every horror flick: a curious teen hears a thump in the basement and decides to go down and take a look. As he tiptoes slowly down the creaking stairs, he completely ignores...
Who Should I Turn To?
Lee and Calvert Wright's advice on avoiding business pitfalls Being turned down three times in a row for a line of bank credit is devastating for any small business. For Calvert and Lee Wright, of Wright Solutions Inc. in Lanham, Maryland, it was...
Winning with the Market
Our panel of experts shows you how to make money in good times and bad THESE DAYS, INVESTORS ARE LOOKING FOR ANSWERS to some pretty heady questions, ranging from the macro to the micro. Is the economy headed for recession? Will stock market volatility...
Yourbusiness.Com
Setting up shop on the Web is easy, right? Not necessarily. Let B.E. guide you through the process and help you avoid some common e-business pitfalls. YOU'VE DECIDED TO HANG OUT A VIRTUAL SHINGLE. NOT A BAD idea, considering that industry analysts...