Showing 42 results for:
small business
Popular topics
All results
Thanks to a number of innovations in the world of business, the global workforce is seeing a massive uptick in freelancing, gig economy gains , and other small business ventures. If you’re feeling the entrepreneurial spirit, there’s never been a better time to go into business for yourself. Still, one of the hardest parts of launching your business is coming up with ideas on what to sell, what services to offer, and where to market yourself. Here’s a brief but comprehensive list of small business ideas to get you started. Maybe you’ll glance over this list and have a major eureka moment, or maybe these ideas will spark your creative drive and assist you in developing something brand new. Either way, these options are teeming with possibility. Graphic Designer If you’re interested in launching your own small business, and you have a passion for art, why not try your hand at graphic design ? There are tons of outlets available for artistic people to work directly with individual...
As small business owners and corporations duke it out in customer competition, resources that can strengthen their connection with consumers become more attractive. Big corporations have, at their disposal, the funding to get creative about marketing. Yet, small business owners are doing the same at a higher risk. Tech, though available to both, has been leveraged by both parties, with small businesses coming out on top. It isn’t enough anymore for a customer to receive what they’ve ordered; a custom experience makes it that much better and, most times, ensures a return sale. Here’s is how small businesses use tech to outsmart big corporations—and win! How Small Businesses Are Using Tech: Artificial Intelligence Small businesses within e-commerce are using platforms with AI to create more personalized shopping experiences for consumers. Elements like data analytics allow companies to offer personalized recommendations that are as more tailored than those of a corporation. Beatrice...
The founders of Eastside Golf continue to build on their momentum in the golf apparel space while staying true to their roots. As previously reported by AFROTECH™, Morehouse College graduates Olajuwon Ajanaku and Earl Cooper founded the brand without a fashion background in 2019 after working full-time in corporate America. The company boasts products such as polo shirts, sweatshirts, pants, shoes, and accessories including bags, all tailored towards men and women. View this post on Instagram A post shared by Eastside Golf (@eastsidegolf) Beyond the product offerings, the founders have continued to pave their own way through their mission that centers moving the sport forward among the youth and non-golfers while increasing diversity in a predominantly white sport. Their vision has led to an increase in support as they scaled their annual revenue from $100,000 in their first year to $4 million in 2023. They kicked off 2024 with a $3.4 million raise led by EP Golf Ventures, and the...
Artificial intelligence (AI) can sometimes seem unpredictable and even scary, but Cliff Worley wants to help business owners understand how it can help them take their companies to the next level. Worley stresses the importance of taking the time to learn AI tools rather than immediately running away from the ever-evolving technology without ever attempting to understand it . As an accomplished marketing leader and growth advisor to startups, he has an affinity for helping entrepreneurs elevate their businesses. Worley is on a mission to do so by teaching them how to use AI to the advantage of the business they’re looking to grow and scale. View this post on Instagram A post shared by AFROTECH™ Conference (@afrotech.conference) Currently, Worley is the head of portfolio growth marketing at Kapor Capital. He provides strategic coaching to venture capital-backed companies on how to effectively go to market and scale customer acquisition. He also curates a newsletter called “Cliff...
A community-driven project is coming to revitalize Charlotte, NC. According to a press release provided to AFROTECH™, The Whitaker Group — the creative company behind brands such as A Ma Maniére, Social Status, APB, and Prosper — has revealed its plans for The Collective on Tuckaseegee , a 13,000-square-foot compound and retail campus with 10 retail units located in Charlotte. The Collective aims to stimulate economic development in many ways. The venture will feature local entrepreneurs as well as The Whitaker Group’s existing brands, partners, and experiences, including APB Skatepark, the first privately held, Black-owned, publicly accessible, non-DIY skatepark in the country. This skatepark was developed in collaboration with The Boardr, which encompasses three firms with expertise in skateboarding facility design and construction, event production and consulting, and athlete management, its website mentions. Additionally, The Whitaker Group plans to launch the in-house apparel...
Kevin Hart’s Gran Coramino Tequila has officially reached a new milestone. According to a press release shared with AFROTECH™, since its inception in 2022, the ultra-premium tequila company has provided more than $1 million in grant funding to over 100 Black and Latinx small-business owners and entrepreneurs through its Coramino Fund. The fund, powered by the company founded by Hart and 11th-generation tequila maker Juan Domingo Beckmann, has made giving back to the community its main priority from the very beginning, honoring its “vision to celebrate life’s hard-earned moments” by donating $1 from every bottle sold to support underrepresented entrepreneurs in the United States and Mexico. “As an entrepreneur myself, I’ve seen how early financial support can impact the long-term success of the business,” Hart said in a statement. “The Coramino Fund was created to provide support to some of the hardest working people out there — entrepreneurs and small business owners.” View this...
A Baltimore, MD-based juice bar helping the youth will be expanding to its second location. As AFROTECH™ previously reported, Rich Juice Bar opened its doors to the South Baltimore community in 2023. Co-founder Michael Battle had experienced health issues such as diabetes and high blood pressure, and after adopting a healthier diet he saw improvements, reports The Baltimore Banner. Now, alongside his wife, Danielle, they are making it their life’s mission to make affordable and healthful food options such as juices, smoothies, and acai bowls accessible. View this post on Instagram A post shared by RICH JUICE BAR| POURING LIFE INTO THE COMMUNITY (@richjuicebar) What’s more, Rich Juice Bar’s mission extends a hand to the youth, offering job opportunities as well as training in communication, entrepreneurship, banking, and financial advocacy. “This social enterprise will provide wellness and economic vitality, health and delicious cold-pressed juices, nutrient rich smoothies, and...
The National Aeronautics and Space Administration (NASA) hopes to inspire people to look into the skies and to their communities. Recently, Black individuals in NASA’s workforce took social media by storm after sharing their headshots from the independent agency. The heartwarming posts reminded everyone of the importance of representation and fostering inclusivity, particularly in science, technology, engineering, and mathematics (STEM) fields. Joining #BlackAtNASA . After 15 years this is my headshot. pic.twitter.com/qDTMbGprZ2 — K Renee Horton,PhD (@Reneehortonphd) March 17, 2024 Despite the fleeting nature of viral moments, NASA’s efforts for diversity, equity, and inclusion (DEI) are far more than just a snapshot. In 2023, the agency released an equity action plan supporting a presidential executive order focused on dismantling “inequitable barriers and challenges facing underserved communities.” “We at NASA, as an administrator, never tell our story,” Shahra Lambert, NASA’s...
Those seeking funding for their small business have the debt-free option of applying for startup business grants or small business grants. These grants are typically awarded by government entities, private organizations or corporations and, unlike loans , are not expected to be paid back. There are incentives for these companies and organizations to award these grants, as the new businesses could create economic growth or support a certain cause/research topic (like social or environmental) that one of these entities is interested in. These grants are highly competitive and have very specific requirements that must be met before they are awarded. Most likely, applicants will need to prepare by verifying the eligibility criteria, funding amount, application deadlines and any restrictions of a grant that their business aligns with. Also, ensuring the applicant’s business is specific enough to the grant’s requirements is very important . Doing so ensures the applicant has a better...
Some people know the moment they enter the workforce that, they are meant to be their own boss. Others may have known from the beginning but are waiting for the right idea to ignite a fire within them. However, waiting too long can just as easily stifle that fire. Aspiring entrepreneurs often find themselves throwing up their hands in defeat saying, “I want to start a business but have no ideas.” Most successful entrepreneurs share that it is not always about having an original idea that gets one started in business, nor does that original idea automatically equate to success. For many, it was taking an existing idea and iterating upon it; making it more efficient and polishing it. In other words, it was about starting rather than waiting for just the right moment with just the right idea. With this in mind, here are ten tech business ideas for those who want to start a business but have no ideas. Each one of them capitalizes upon existing tech that is popular and becoming more and...
It may be possible to grow and navigate an industry with greater ease by maintaining a full-time job. This decision has proved favorable for some Black entrepreneurs who often don’t see the same investment dollars as their counterparts. And sometimes, keeping the vision afloat means carrying forward with your financial resources. Ultimately, you can lean on what route will be most beneficial for the longevity of your business. However, we have compiled some tips from Black women small business owners who have scaled their brands and attribute their growth to their 9-5.
If you’re a sneakerhead, EBkicks isn’t just a luxury — it’s a requirement. Made of all-natural and biodegradable materials, EBkicks — helmed by the husband-and-wife team of Kenny and Elin Berbick — is safe for all shoe materials. The Las Vegas-based duo has achieved exponential success as a family-centered lifestyle brand. As life and business partners, Elin and Kenny Berbick, pride themselves on being the original sneakerheads. The duo’s passion for sneakers inspired them to put their hard-earned money to develop low-cost top-tier biodegradable sneaker cleaning products. EB and Kenny have even become influencers in their own right with over 180,000 followers on Instagram and over 365,000 followers on TikTok, amassing nearly 5 million likes on the latter platform. What’s more, the solution can keep your expensive shoes lasting a lot longer — and looking a lot better in the process. The product was also recently featured in GQ, when popular sneaker influencers Miguel and Grace...
Sometimes small businesses face the challenge of learning how to develop effective bookkeeping practices. This obstacle could lead to disrupted cash flow and a failure to meet the financial obligations of one’s business. Looking to resolve this issue in Nigeria is the startup Kippa, which markets itself as the country’s simplest accounting software. Founded by Kennedy Ekezie alongside Duke Ekezie and Jephthah Uche in February 2021, the application is designed to help small business owners create a bookkeeping system that will help them “recover debts 3x faster,” TechCrunch reports. According to Kippa, a stand-out feature on its application is customers who have not made payments can not only be tracked, but they will receive an automated reminder message for the business owner to recover debts. In addition, businesses can manage inventory, track daily cash flow and expenses, create invoices and generate receipts. “For us, what we do is we have such a unique opportunity to provide...
A recent study published by NBC News revealed that North Carolina is the best state to start a business in. But which state is the worst? LendingTree provided their research to NBC News, and their studies concluded that three of North Carolina’s top cities — Raleigh, Charlotte, and Durham — offer the best places for small businesses to get started. Raleigh takes the top spot, while Charlotte is at No. 3, and Durham is at No. 4. “54.8% of Raleigh’s population is in their prime working years between ages 25 and 54, ninth-highest among the 100 metros,” reports the study. Austin, TX, meanwhile, takes the No. 2 spot. In fact, according to the study, the South holds five of the 10 top ten spots in the United States to open a small business. Aside from North Carolina, states like Idaho (with Boise, ID, coming in at No. 5) and Tennessee (with Nashville coming in at No. 9) also made the top of the list. But, which states are the worst states to open a new business in? At the top of the list...