Why do indians own so much damn business? We need to take notes
- Thread starter DIMES
- Start date
Blackout
just your usual nerdy brotha
I know an arab family who give their businesses to their sons and employ their family members in the businesses as well.
The family (extended family as well) owns gas stations, furniture stores and food places where they employ their younger relatives and have the older relatives owning and managing the stores.
Its basically gotten so profitable that the whole family is sharing the business wealth among each other.
We need to become like that especially these days where a black man with a business isnt as popular as it used to be.
The family (extended family as well) owns gas stations, furniture stores and food places where they employ their younger relatives and have the older relatives owning and managing the stores.
Its basically gotten so profitable that the whole family is sharing the business wealth among each other.
We need to become like that especially these days where a black man with a business isnt as popular as it used to be.
Because ours is extremely dysfunctional, its only natural
Its insane...they own easily failed businesses and have zero political clout of which he have plenty...we arent behind cab drivers and liquor store owners in america
Captain Crunch
Veteran
Group economics and access to subsidized loans or minority grants
A vast majority of these minority grants and subsides don't go to blacks
http://www.sba.gov/content/minority-owned-businesses
/thread
A vast majority of these minority grants and subsides don't go to blacks
http://www.sba.gov/content/minority-owned-businesses
/thread
This phenomenon has been discussed a lot. Legal immigrants have to have initiative, skills, and sometimes money in order to immigrate. Black slaves were just random people kidnapped without regards to their education level or experience in business.
Just because there are blacks in this country doesn't mean we should own more. Very few of us can delay gratification, save money, or see the benefit of waiting to have children. This mindset doesn't translate to successful business owner. Most black women are single. Single women of color have a median net worth (wealth) of $5. While it is possible to start a business with $5 (shoveling snow, babysitting, cleaning houses), that tiny net worth does not bode well for future success.
I worked lots of overtime, lived cheap, and became debt-free. I read personal finance books from the library and invested in mutual funds. How many people did I convince to do the same? Zero.
EDIT: The $5 net worth is for single women of color ages 36-49. Prime working years.
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Slangtonomo
Dz Ali OG...Pay me like you owe me!
We were severely damaged in slavery. Recovered a little and had Rosewood, black wall street, etc. Finally cac's decided to break our homes and remove the men from our families.
We're beginning to recover from this sabotage. The cac's are brainstorming now there next step against us.
We're beginning to recover from this sabotage. The cac's are brainstorming now there next step against us.
Very wrong my good sir... Maybe for chick fil a bit this statement isnt true
Waste of time , teach urself, stock broker will take ur moneyI want to go into stocks so bad
I'm in college but I've saved a good bit, I need to find a stock broker or something
Unity/networking is a value like religion. Most blacks don't share your value and it's insulting to them that you think they need to change. Never-wed mothers don't see any problem with having children and arguing with them is a waste of time. It doesn't change behavior. Network with people who share your values.
Here is an excellent video on why African Americans don't network, different reasons than what I mentioned:
Field Marshall Bradley
Veteran
Tax Breaks and business loan preferences
Yep read the financial pages,keep up to date with the stocks and tech movements....get advice from where you can,but most of these brokers are just out to rip you off if they dont know you...
Field Marshall Bradley
Veteran
Because we don't have any unity.
Majority of black youths would rather put name brand clothing over education and financial stability.
Their kids are going to have a similar mindset, it's a vicious cycle.
Pretty much this. If you own an establishment, a lot of black people will expect something in return for simply being a patron.......real talk