Black Enterprise

Black-oriented business magazine.

Articles from Vol. 39, No. 3, October

20 Best Places to Retire: Whether You're Retiring Now or Just Thinking about It, These Cities Offer a Great Lifestyle without Straining Your Nest Egg
[ILLUSTRATION OMITTED] WHEN CHUCK AND LORRAINE BRAUD Hill of Irvine, California, mulled over where to set down retirement roots, their decision was dictated by quality of life concerns. California's declining services, crumbling infrastructure,...
A Business Veteran Gives Back: William Granville's Dream of Educating Inner-City Youth Lives on after 25 Years
[ILLUSTRATION OMITTED] Declaration of Financial Empowerment From this day forward. I declare my vigilant and lifelong commitment to financial empowerment and hereby pledge the following: 1 I will use homeownership as a foundation for building...
Achieving the Ideal Retirement
One of the most important wealth-building goals you can set for yourself is to achieve a productive, fulfilling retirement. That's why each year we devote to this subject so many pages of BLACK ENTERPRISE magazine, segments of the Black Enterprise...
An Elder Prince: A Prestigious Doctor Who Never Gave Up Inspires Many with His Story
"I AM KNOW AS THE FATHER OF THE MOVEMENT TO eliminate disparity in healthcare," says Dr. Valiere Alcena. "I wrote the book when nobody would even dare talk about the subject." As an internist at White Plains Hospital Center, clinical professor of...
A Recipe for Success: Malcolm Speller's AmniFPS Helps Companies Reap the Benefits of Food Processing
[ILLUSTRATION OMITTED] ABOUT 10 YEARS AGO, MALCOLM SPELLER BEGAN PLANTing the seeds for his food processing company, AmniFPS International L.L.C, (www.amnifps.com). But even as he laid the groundwork to position himself in the global agribusiness...
Beating Cancer: How Survivors Used Action and Education to Win Their Battles against This Deadly Disease
DENISE ROBERTS HAS DEFIED THE odds and beaten cancer twice. Close to 20 years ago, Roberts, then 34, was given a clean bill of health from her doctor and was even told that there wasn't any reason for her to get a mammogram. "I was under 40. He didn't...
Congress Passes Housing Bill: Is It Too Little, Too Late?
[ILLUSTRATION OMITTED] THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008, which was signed into law by President George W. Bush on July 30, is intended to rescue homeowners unable to cope with their mortgage payments. Whether it will be enough to stem...
Cynthia McClain-Hill Heads Business Woman's Initiative
THE CENTER FOR WOMEN'S BUSINESS RESEARCH REPORTS that of all minority-owned businesses, 42% are owned by women. Women of color employ L6 million people and generate nearly $230 billion in annual sales. Cynthia McClain-Hill, president of the National...
Developing Your Energy Fund Portfolio: Even Though the Stock Market Has Touched Bear Territory, Investors Can Discover a Gusher of Profits through These High-Octane Investments
[ILLUSTRATION OMITTED] "OIL AND GAS PRICES ARE AT RECORD highs and there's no relief in sight," says Bryan K. Robinson, 38, an account manager for REACH Media, parent company of the nationally syndicated radio program The Tom Joyner Morning Show....
Disney Magic: An Enterprising Professional Grows His Company's Business
[ILLUSTRATION OMITTED] Name Jim Lews Title President, Disney Vacation Club Location Celebration, Florida Age 47 Power Play Increased Disney Vacation Club time-share ownership from 150,000 to 350,000 members It took...
Do-It-Yourself Home Energy Audit: Evaluating Your Needs Will Put Dollars in Your Pocket
DURING THESE TRYING ECONOMIC times, you're most likely looking for ways to cut costs wherever you can. One way is by reducing the amount of energy you use. The average household spends about $1,900 on energy costs annually, according to the U.S. Department...
Easy as Pie? Steady Growth Keeps Family-Owned Bakery Bustling
[ILLUSTRATION OMITTED] DOROTHY PRYOR ROSE HAD ALWAYS CONSIDERED HER mother's tasty homemade pies and cobblers priceless, but never anticipated the Hollywood buzz that has led to stellar profits. Inspiration for the Colton, California-based Mommie...
Executive Partners: A Company's Diversity Efforts Are Only as Good as Its Search Firm
[ILLUSTRATION OMITTED] THE CHALLENGE OF identifying diverse talent in corporate America is often focused on the company doing the hiring. But to fill a managerial or senior level position, companies--particularly those without a strong succession...
Finding Families: Should Race Play a Role in Adoption Policies?
IN ITS MAY 2008 REPORT, FINDING FAMILIES FOR AFRICAN American Children, the Evan B. Donaldson Adoption Institute, a nonprofit that works to improve adoption policies, found that transracial adoptees (children whose race or ethnicity differs from that...
Fixed-Income Highs and Lows: Mary Pugh's Bond Portfolio Rode out Market Woes
AS STOCKS SUFFERED OVER THE PAST YEAR, THE fixed-income investments recommended by Mary Pugh rode falling interest rates to healthy gains. Pugh, the president and chief investment officer of Pugh Capital Management in Seattle, correctly predicted in...
Get Your Affairs in Order: Prepare Now for the Unexpected
Any financial adviser will tell you how critical it is to have your affairs in order should you become incapacitated or die, yet many people dread preparing for the unexpected. Drawing up detailed documents on how you want your assets handled, however,...
Gourmet Getaway: Three Stellar Culinary Excursions That Serve Up Much More Than Treats for the Palate
Culinary tourism offers adventurous and enriching encounters beyond cooking classes and demos: You can dine out, visit a farmer's market, go gourmet-food shopping, attend food and wine festivals, tour a wine trail or sample local vintages. Whatever...
In Self-Defense: Sales Executive Henry Watkins Flexes His Skills as a Tae Kwon Do Black Belt
[ILLUSTRATION OMITTED] IT HAS BEEN A LITTLE MORE THAN FIVE YEARS SINCE Henry Watkins reacquainted himself with his childhood love--tae kwon do. As the global travel director for Doubledown Media L.L.C., Watkins says his return to the Korean martial...
Keeping Things Fresh: Long-Standing Copreneurs Need to Reinvent Their Business Tactics to Stay Afloat
[ILLUSTRATION OMITTED] DARLENE AND RICKY PARKER BELIEVE THAT THE FOOD they serve in their restaurant, Fresh, Fresh Seafood, is so fresh you should say it twice. Their eatery in Towson, Maryland, offers customers the best of both worlds as a restaurant...
Mario on Overcoming Adversity
THESE DAYS, A DIFFICULT CHILDHOOD SEEMS LESS AND LESS AN ANOMALY, HOWEVER, OVERCOMING IT IS still a feat few can accomplish, which is why multiplatinum recording artist Mario is lending a hand. As the oldest of several siblings, the 22-year-old grew...
New Technology Offers New Opportunities: More Corporate Companies Are Using Professional Websites to Recruit Employees
SOCIAL NETWORKING HAS BECOME A PRIMARY MODE OF COMMUNICATION for today's younger generation, but social and professional networking sites are quickly becoming business tools for professionals and companies looking for candidates with desired skill...
Organizational Behavior at PepsiCo
THE BIGGEST HURDLE FOR MOST MINORITIES IN CORPORATE America is not getting hired, it's retention and advancement--particularly for minorities who are middle managers looking to move into senior level positions. Ron Parker, PepsiCo's senior vice...
Quantitative Measures: Denean Williams' Approach to Stock Picking Helps Investors Cash in on Small Caps
There's potential in small-cap stocks. They offer the possibility of larger-than-average gains, especially when compared to indices such as the Standard & Poor's 500. But there's a catch. Their risk levels are also considerably higher. Denean...
Retirement Planning Equals Success: What African Americans Must Do to Build Their Nest Eggs
WE ASK CHILDREN ALL THE TIME, WHAT THEY WANT TO do when they grow up. Kids frequently have a vision of how they imagine themselves as adults--what they want to do, who they want to be. Unfortunately, as we get older, many of us lose this ability to...
Retiring the Black Enterprise Way
A bountiful retirement has always been an integral part of the American dream. Working hard as a professional or entrepreneur to increase your earning power and socking away enough money to build a nest egg will ensure that your golden years are bright...
Say Your Piece: Grab Hold of the Elephant in the Room and Have Those Difficult Conversations
There are a number of "touchy" subjects centered on the black community--from high school dropout rates and teen pregnancy to absentee fathers. While some would rather see these and other contentious issues swept under the rug, actor and activist Bill...
Solving the Retirement Income Puzzle: How Will Baby Boomers Generate Income during Their Golden Years?
[ILLUSTRATION OMITTED] WHILE SOME BOOMERS may have lived for the present at the expense of the future, Curtis and Hope Lee of Grand Prairie, Texas, don't fit that description. Retirement struck this couple as an inevitability they wanted to prepare...
Stretching Dollars: Jelani and Jarvis Hagewood Must Balance Their Budget after Purchasing a Home
[ILLUSTRATION OMITTED] NOW THAT THEY'VE PURCHASED A home, Jelani and Jarvis Hagewood find their budget getting squeezed. The Clarksville, Tennessee, couple bought a home in May despite some misgivings--the parents of Tyler, 14, and Diamond, 12,...
Surviving the Banking Storm: The Mortgage Crisis Continues to Wreak Havoc in the Financial World. Here's How You Can Protect Your Assets from This Tempest
[ILLUSTRATION OMITTED] ANYONE WHO THOUGHT THE SUBPRIME-FUELED housing crisis was going to dissipate in the near future had a rude awakening in July. The meltdown of trillion-dollar companies Fannie Mae and Freddie Mac prompted legislators to bail...
Swing Vote? Young America's Clout in Choosing the Next President
YOUNG PEOPLE AGES 18 TO 29, KNOWN AS MILLENNIALS or Generation Y, are making their presence felt during this presidential election. Voters under 30 are expected to head to the polls in droves. "Youth participation this election year will be record...
United, If Not Unanimous: Menthol Cigarette Issue Smokes out Congressional Black Caucus
THE U.S. HOUSE OF REPRESENTATIVES RECENTLY PASSED the Family Smoking Prevention and Tobacco Control Act, but not before the 43 members of the Congressional Black Caucus faced a perplexing detail about the legislation. The act, yet to be approved by...
When to Hold a Stock: Sometimes Resisting Your Urge to Sell in a Down Market Is the Best Strategy
It's a normal impulse. You bought what seemed to be a solid, blue-chip company with prospects, but share prices have steadily slipped. And your gut has steadily tightened. Now you're ready to sell. But before you head for the exit, take a deep breath...
You Can Be Green: How to Tell If You're a Good Eco-Citizen
MOST PEOPLE ABE FAMILIAR WITH THE THREE "RS" OF environmental consciousness: reduce, reuse, and recycle. Despite the current craze, green responsibility has rested largely with consumers who for decades have been urged to recycle paper, boxes, glass,...