Why Black People Are At The Bottom?

[MeachTheMonster]

I can post statistics showing a degree is not stable or guaranteed money as well and this is coming from a black man with a degree. I will never understand the mentality of putting more faith in working for someone else's company vs. your own. We should be promoting both, yet we only preach one and this is why black people aren't building wealth, a salary is not real wealth when you're in debt and giving it to other people.

Certain degrees are better than others just like certain businesses/industries are better as far as profit/wealth goes.

I have no problem with promoting both, but we need to be careful which ones we do promote. Getting a liberal arts degree is the equivelant of opening a corner store. Limited scope and earning potential, and a very risky step torwards something bigger. You can skip that risk by getting a quality degree AND opening a quality business.

 

[Data-Hawk]

the lost point here is, there are plenty of black business men and women who attempt to open businesses.

they face a struggle to do so tho, financing, certificates, insurance, all these things are headaches in opening a business

then when you get the business open, you have to go through very high wholesale markets for product forcing you to sell your merchandise higher than the asian and arab. then black people in your hood snipe at you saying you too expensive when in fact in order to cover the over head you have to sell it at those prices based on what you are paying wholesale for it.

then add the fact black business owners get stuck having to take care of that over head, pay employees, pay the lease, pay the bank or credit union and unless your business is off the ground and running you can fall apart in the first 6 months. then guess what, after all that you gotta take care of those taxes
wi
flipside, the asains, arabs, koreans coming from across seas get a 7 year tax break. they also have places in china, korea etc that allows them to get they inventory dirt cheap and sell it lower than the american made businesses.

then they come waay from across seas and set up right in black communities and use the struggle we have getting businesses against us.

and gotta give them credit cause they also set up networks so that once 1 arab sets up and gets it cracking they call they family members and they come set up a business soon after.

its many ways to counter this, but the 1st things we have to do is change the laws were we can receive the same tax breaks those coming from across seas receive, then also we have to find warehouses, maybe across seas where we can get our inventory as cheap to compete with the going market

its the reason credit unions and financing banks drop 50-75k for a barbershop beauty salon because they know they can get they money back for that

hard to drop that for a clothing store, dollar store, etc because the asians, koreans, etc got that market sowed up when they selling items for what we would have to pay in wholesale.

Or how about we start a business a that dont involve any of that? say companies based on technology for example. not just the general lets open a hair or clothes store.

 

[MeachTheMonster]

Or how about we start a business a that dont involve any of that? say companies based on technology for example.

That's what I'm saying. We need to expand our scope, not limit it.

 

[J-Fire]

They can be very important businesses. They aren't now becuz we've allowed them to be taken over by people who don't live or function in the communities they profit from. So now corner stores and hair stores are really just a drain on the community.

But if the people who live in the communities were actually invested in the communities then the hair store/corner store/liquor store/grocery store/barber shop would be staples that would attract new businesses, new residents, generate tax dollars that support schools and other public services etc etc etc...

This is not hypothetical. This is actually how things work everywhere in America...except the hood.

i thought we talking black business. now we talking hood?

okay, i'm black and living in the suburbs so my tax dollars ain't supporting the hood if i open a business in the hood any more than some Asians.

 

[Rawtid]

That's what I'm saying. We need to expand our scope, not limit it.

I don't' think anyone was saying limit your business plans to JUST corner and hair stores, but It would be more beneficial to the black community if those businesses that cake from the black dollar, be owned by blacks.

 

[J-Fire]

That's what I'm saying. We need to expand our scope, not limit it.

word....people act like if Steve Jobs was black...brothas would have bought windows phones instead of iphones.

 

[MeachTheMonster]

They can be very important businesses. They aren't now becuz we've allowed them to be taken over by people who don't live or function in the communities they profit from. So now corner stores and hair stores are really just a drain on the community.

But if the people who live in the communities were actually invested in the communities then the hair store/corner store/liquor store/grocery store/barber shop would be staples that would attract new businesses, new residents, generate tax dollars that support schools and other public services etc etc etc...

This is not hypothetical. This is actually how things work everywhere in America...except the hood.

That was the past. We are part of a global economy now. The only way to stay competitive in this economy is to market to the world. Those are very limited businesses. Prosperous communities are that way due to the money they are able to bring in from outside the communty, not the money that's circulated within the communty. Those white neighborhoods that have a lot of money for taxes and great public schools, aren't that way because of quality corner stores and barbershops. They are that way because the people are educated and employed bringing money back to their communty from all over the world. They are a part of the GLOBAL community. We need to concentrate on being a part of that.

 

[J-Fire]

I don't' think anyone was saying limit your business plans to JUST corner and hair stores, but It would be more beneficial to the black community if those businesses that cake from the black dollar, be owned by blacks.

how so? I would have to hire Asian or whoever to keep the status quo. If black people don't want to see black workers at the hair supply store....I can't be hiring black people!!!!

 

[MeachTheMonster]

I don't' think anyone was saying limit your business plans to JUST corner and hair stores, but It would be more beneficial to the black community if those businesses that cake from the black dollar, be owned by blacks.

Calls for segregation and opening corner stores are the defenition of "limiting"

And those businesses aren't "caking" their family's and employees are still on goverment assistance.

 

[Field Marshall Bradley]

Or how about we start a business a that dont involve any of that? say companies based on technology for example. not just the general lets open a hair or clothes store.

You say that like its an easy thing. We don't even own the retail stores that sell products that are exclusively purchased by blacks, but yet somehow we're gonna find the connects that allows venture capitalists to invest one of our tech startups?

This is grandiose thinking and there is nothing wrong with that because its definitely possible without question, but I think the premise in here was owning businesses in the community so that we can circulate that money\wealth back into our own neighborhoods....

 

[Danie84]

Color people time always make us late to the table

 

[MeachTheMonster]

The owners move on when they find something more lucrative or they've stacked enough capital to move on to bigger and better endeavors.

This same effect can be achieved through employment with much less risk.

The fact that you never see a corner store closed indefinitely is somewhat indicative of it being a money maker

A very limited one. Which is why people always move on.

Easy..

100k > 20k all day everyday.

It would be extremely difficult to find a place to stay and a reliable car off of 20k

But with 100k, I can easily find 2 spots that I could pay for where my 10 dependents could stay, and that's real. Plus, I'll have enough bread to have 2 dependable rides. If food is bought in bulk, you could feed 5 people off of 500 dollars a month easily so lets just say 950 a month for 10 people or more. Mexicans that open up tire shops\garages\restaurants\etc do it all the time until their relatives can stand on their own.....

There is no way you could pull this off with a 9 to 5 unless you were making 140 k before taxes, and how many people outside of the coli making that kind of bread....??

100k won't get you two homes and two cars. And if your entire family is living in poverty that's no different than a single mother of one working at wall mart living in poverty.

 

[boskey]

i thought we talking black business. now we talking hood?

okay, i'm black and living in the suburbs so my tax dollars ain't supporting the hood if i open a business in the hood any more than some Asians.

Thats true. If you are not invested in the community but you are profiting from it then you are no different than the Asians who do the same thing. Hopefully you are able to give back in other ways like sponsoring a youth football team or something...

That was the past. We are part of a global economy now. The only way to stay competitive in this economy is to market to the world. Those are very limited businesses. Prosperous communities are that way due to the money they are able to bring in from outside the communty, not the money that's circulated within the communty. Those white neighborhoods that have a lot of money for taxes and great public schools, aren't that way because of quality corner stores and barbershops. They are that way because the people are educated and employed bringing money back to their communty from all over the world. They are a part of the GLOBAL community. We need to concentrate on being a part of that.

Its all related. "Employment" doesn't grow on trees that white people keep locked up in their backyards. People that work on Wall Street (global) still have to eat and get haircuts (local).

 

[MeachTheMonster]

You say that like its an easy thing. We don't even own the retail stores that sell products that are exclusively purchased by blacks, but yet somehow we're gonna find the connects that allows venture capitalists to invest one of our tech startups?

This is grandiose thinking and there is nothing wrong with that because its definitely possible without question, but I think the premise in here was owning businesses in the community so that we can circulate that money\wealth back into our own neighborhoods....

We don't own hair or food growers/distributors either. So where do we get investors for those businesses?

 

[MeachTheMonster]

Its all related. "Employment" doesn't grow on trees that white people keep locked up in their backyards. People that work on Wall Street (global) still have to eat and get haircuts (local).

There aren't enough people that need haircuts or basic services to create a wealthy communty. The majority of the money has to come from elsewhere.