Bad advice often survives because it once worked. A founder protected an idea until the patent filing was ready. Another built the first version with savings and kept full ownership. Someone hired a cousin who became the best operator in…
The headline number is encouraging: Black Americans owned about 4.4 million businesses without employees in 2023. Those businesses brought in $128.7 billion, according to the latest U.S. Census Bureau data. Then comes the number that changes the story. Roughly 201,000…
The businesses that dominate social media are easy to picture: restaurants, fashion labels, beauty brands and apps. The businesses that quietly create the conditions for durable wealth look different. They clean offices, lay fiber underground, distribute hardware, service fleets and…
For Black entrepreneurs, the most visible form of business capital is still venture capital. It is also one of the least representative of where most Black-owned businesses actually get money. Crunchbase estimates that U.S. startups with at least one Black…
Imagine a freelance designer. They start making $3,000 a month from a home office. At first, it’s simple. Money comes in. Expenses go out. Everything runs under the owner’s legal name. Then, things shift. A corporate client asks for a…
