Dear Black Businesses, I’ve Had It Up To Here
The U.S. Bureau of Labor and Statistics reports about 20% of small businesses (businesses with 500 or fewer employees) fail within their first year. That percentage increases to 50% by the fifth year.
Black business owners have their own set of unique challenges to deal with. So it’s imperative from Day 0, from top to bottom everything is air tight, to not only survive but flourish.
I don’t think of supporting black businesses as a chore; too much. To a degree I do feel a level of obligation to support my own. For the most part, its when I can. Admittedly, this is not often.
One reason is due to the lack of small black businesses in my area who provide the services I need. The main reason is the disappointment I’ve encountered when I have patronized black businesses.
The thought and feeling of, I knew I shouldn’t have solicited them is the worst. In the end I don’t know if I’m more upset at the experience or not listening to my first mind in not supporting to begin with.
I’m all for supporting our own. It is vital for our communities. And I’m not implying that ALL black businesses are bad. What I am implying is that, there are a lot that need to tighten up.
Here’s some takes and experiences of my own regarding black businesses:
