Rick Ross is a multi-faceted boss. Over the years, the rapper-turned-businessman has been making lucrative moves across real estate, cannabis, restaurants, health care and more, as previously shared by AFROTECH.
Sep 13, 2023
Chad “Ochocinco” Johnson’s backing of a popular fast-food chain appears to run deeper than just what’s on the menu.
Aug 14, 2023
When you want to run your own business but want the support of a known brand, buying a franchise may seem like a smart way to get started. Perhaps you might be an existing small business owner who wants to expand your company’s footprint. New research shows that the city you live in could give you a leg up when it comes to opening a franchise. LendingTree researchers analyzed data from the Census Bureau’s Survey of Entrepreneurs to find which metro areas in the U.S. are home to the most franchised businesses. As a whole, 5.4% of all businesses operate entirely or partially as a franchise. But some cities exceed the average, while others dip as low 3.4%. Below, we’ll take a look at where franchises are the most popular. Key findings Metros with the highest franchise rate San Antonio, Texas – 9.5% Nashville, Tennessee – 8.1% Dallas, Texas – 8.0% Should you jump into franchising? Methodology Key findings Lone Star State dominates the top 5 . San Antonio has the highest percentage of...
Jan 16, 2020
Owning a McDonald’s franchise may become an increasingly uphill battle for Blacks in America, according to Business Insider . A recent series of reports highlights the ownership and income disparities for Black operators of McDonald’s franchises. Business Insider examines data obtained from the National Black McDonald’s Operators Association, which has existed for over 50 years to support Black McDonald’s company owners in their business efforts. Statistics show that in 2012, Black franchises earned $319K compared to the $344K earnings of fellow franchises. By 2017, that gap had widened to $312K versus $372K. Black franchises earned $60K less than other franchises operating within the five years outlined, and Blacks have owned fewer franchises in general. The past decade has seen a 100-store drop for Black company owners. These figures are alarming, considering that there are less than 2,000 McDonald’s franchises overall . NBMOA data and Business Insider interviews of Black...
Dec 30, 2019