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Black MBA NetWire
arrows April 11, 2019
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There's no shortcut when it comes to starting a successful small business. And there are certainly no guarantees to success for each business. But there are some general rules that can help guide you in the right direction. (Business.com)
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Johnson Publishing Company, a 77-year-old company which once published the iconic black magazines Ebony and Jet, has filed for Chapter 7 bankruptcy. The company was unable to restructure its operations or find someone to purchase the business. (Chicago Tribune)
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Wells Fargo
Career
According to a 2018 Bureau of Labor Statistics survey, between 2015 and 2017, three million workers were displaced from jobs they had held for at least three years. To thrive in their careers, professionals need to learn how to bounce back from these devastating losses. (HBR)
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Entrepreneur and startup fund investor Mark Suster says one trend he has seen is that in the early stages a startup company will try to fit as many people into small rooms as possible to conserve costs and office space – with disastrous results. He offers six examples on how to avoid common problems that may hamper workplace productivity. (Inc.)
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Diversity in the Workplace
Employers are taking a broader view of inclusion and diversity, and a growing number are now embedding their inclusion and diversity objectives into workplace culture and benefit programs, (e.g., health care, retirement, voluntary benefits and perks), as well as employee pay and wellbeing initiatives. This, according to research from leading global advisory, broking and solutions company Willis Towers Watson's 2019 Emerging Trends in Health Care Survey. (Globe Newswire)
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International
Instead of opting for the brief delay proposed by British Prime Minister Theresa May, European leaders extended an offer to the British Parliament, giving them until October to come up with an agreeable departure from the E.U. But what does it all mean? (BBC)
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South Central Los Angeles is home to one of the most recognizable Pan-African Cultural Districts in Califormia, and area leaders are providing education and strategies for local businesses to expand their operations into Africa. (Los Angeles Standard)
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Layoffs involving some of the nation's largest tech companies are partly due to a tougher operating environment for Chinese tech firms, along with clashes with regulators. (Fortune)
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Education
The rebranding effort by the Harvard Business School seems to be paying off quite well. In just three months since the name change to HBX, enrollment has increased 70%, and traffic to its website is up 40%. (Forbes)
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Entrepreneurship
Since 2009, out of the $424.7 billion in total tech venture capital funding, the portion given to black female founders is a minuscule .0006 percent, according to Project Diane 2018, a report by DigitalUndivided, an entrepreneurial pipeline for women of color. (Entrepreneur)
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The company that helps customers find and care for plants says it's not impossible to pivot industries as an entrepreneur because 50 percent of making the change is using knowledge you already possess. (Forbes)
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Pamela and Jeffrey Blair spent years telling teaching their four children about their history to help them develop a positive self image, but when they began homeschooling the children they realized just how few books featured African-Americans. That's how EyeSeeMe emerged, a St. Louis bookstore dedicated to books that feature the contributions of African Americans to society. (USA TODAY)
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The Economy
Protectionist trade policies in the United States have had a multitude of unintended effects, says Chazen Institute Director Amit Khandelwal. (Columbia Business School)
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GasBuddy has some solid advice for those of us seeking to save money at the gas pump. Forget filling up on Friday afternoon as you prepare for the weekend. Wait unti Monday morning on your way to work. (USA TODAY)
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Personal Finance
Financial guru Suze Orman is among a handful of financial experts that constantly preach that Americans spend too much on "frivolous" things like coffee – money that could be going toward retirement. And while the average American has less than $1,000 in savings, you need to take a closer look to find the real culprits in America's personal financial crisis. (The Washington Post)
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Corporate America
Beth Galetti is one of the highest-ranking women at Amazon, and the only woman on the 18-person senior team that reports directly to founder and CEO Jeff Bezos. She presides over a workforce that includes 647,000 employees. (Fast Company)
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