Black business people are fast becoming players and power brokers in the service industry. The exciting news is that as service providers, black business people can leverage the mentoring experience and expertise of leaders before them through powerful websites like TNJ.com that are focused on helping black business people stay informed to succeed in every arena of business and life.
Black business people have the extra advantage of being a particularly supportive and encouraging community to newcomers. Black business conventions provide information that is specifically geared toward equipping black business people who are service providers to function efficiently and effectively within the black business community and in the wider arena of potential clients and collaborators as well. From this position of unity and respect, black business people build a wide network of collaborators, peers, and customers who buy from, and sell to, each other to help build a stable, functional business model.
From this stable business model, black business people are poised to become successful service providers to a wide array of clients both within and outside the black community. Black business service providers are making a name for themselves in accounting and bookkeeping, finance, technology, sports, the creative arts, fashion, restaurant and entertainment, the media and journalism, politics, automotive, education, and more.
The economic slowdown has provided additional refreshing new avenues of support for small businesses and minority owned businesses that have facilitated a steady increase in the number of firms owned by black business people over the last decade. In particular, Census Bureau figures cite a staggering 26 percent increase in black owned businesses from 1992 to 1997. When compared with a seven percent increase for other firms, this is truly remarkable. Savvy black business owners are taking advantage of incentives for minority owned business, as well as the continued downsizing of corporate America, which is necessitating the resurgence of a truly entrepreneurial mindset that black business owners excel in. Taking the success they have experienced in corporate America in recent years and parlaying it into entrepreneurial success through the supportive network of black business owners and black business conventions is now showing a big payoff for black service providers and entrepreneurs nationwide.
There are also a number of minority-focused development organizations and councils that focus exclusively on promoting and assisting black business owners to reach their target markets in the most efficient and effective manner. From providing networking opportunities to facilitating introductions and offering guidance on common business startup and management issues, black business owners are carving out a growing niche that is truly showcasing their skills, talents, and abilities as a major force in the general business community for the foreseeable future. Specific awards ceremonies, such as TNJ.com’s “25 Influential Black Women in America,” provide yet another way that successful black business owners can reach out to other black service providers as well as a wide diversity of clients, and also encourage and mentor other new black service providers as they grow.