Business Resource: Unlocking the Potential of Black Business

04/17/23 • 23 min

According to the 2022 Census Bureau, there are currently 140,918 black or African-American-owned businesses, with 141. Billion annual receipts and 1.3 million employees with 42.2 billion dollars in payroll each year. We agree that these stats are impressive and continue to grow each year. However, you will find as you dig deeper into black business communities, they are still faced with many challenges. In an interesting article published in Forbes magazine this past February, they share some of the most frequent challenges black business owners face throughout the country. These challenges include facing systemic racism, issues locating and securing funding, and lack of support resources within their communities.
Even while faced with challenges, a great deal of hope and support is available. Black Business owners are very passionate business professionals who give back to their communities and seek to work alongside the side business owners and professionals who understand their unique strengths and challenges when starting and growing a business. In this week's episode of Practical Bizz, we are on location at the Providence, Rhode Island offices of the Rhode Island Black Business Association. We speak with Founder and President, Lisa Ranglin about how her association helps build black business through business development, workforce development, and advocacy to make better futures for black communities.
Thank you for listening to Practical Bizz. If you enjoyed this week's episode, please subscribe to our channel and leave review on your favorite listening platform. This support helps continue to host amazing guests and the opportunities to spotlight local businesses and nonprofits at no cost.
If you prefer to see episodes in person, check out our YouTube Channel at https://www.youtube.com/shorts/JLmlvZ6lOcQ
For more information about RIBBA, click the link below.
https://ri-bba.org/
For more info about the challenges black business face in the US, click the link below for the Forbes article mentioned in the show notes
https://www.forbes.com/sites/allbusiness/2023/02/20/reports-show-black-small-businesses-still-face-major-challenges/#:~:text=Bank%20of%20America's%202022%20Women,a%20relationship%20with%20a%20lender

Previous Episode

Beacon Communications Business Spotlight: Rhode Island Celebrity Chef Walters

A special Beacon Communication Business Spotlight: Look behind the scenes and learn more about the fascinating man behind the famous Chef Walters Cooking School in Cranston, RI. In 1972 Chef Walter arrived in New York as a young man with energy and ambition, seeking the same future for his family as his grandparents gave him. He decided long ago that he would not compromise quality, and to this day, that motto has remained the cornerstone of his philosophy!

Since 1995 Chef Walters Cooking School has been the leader in the Recreational Cooking Business. After owning and operating restaurants since the mid-80s, he felt compelled to share knowledge acquired through cooking classes and culinary education. Hopefully, he will inspire you to enroll in a cooking class where you learn to cook healthier and simpler while developing fun culinary logic, which remains the essential ingredient in every recipe.

This local Rhode Island celebrity and entrepreneur has several business ventures, everything from running a cooking school, a local museum, brand ambassador, Chef Walters Fine Foods, and brand manager of his Federal Hill Sunday Gravy, available in local grocery markets in our region. Did we mention he serves as a travel consultant, creating memorable one-of-a-kind trips to Italy, hosts his own podcast called Flavors and Knowledge, and was a TV show host for several years?

This Chef is on a mission to share his healthy cooking and love for his native land Italy with everyone who enters his school. His message is clear: when prepared right, food is made with love and simple, fresh, healthy ingredients often found in the Mediterranean diet. In today's interview, he shares how his school teaches others that good food is the key to a long healthy life. His passion goes beyond cooking, as he also loves educating others on his podcast Flavors & Knowledge, focusing on the direct correlation between our eating and our health. This outstanding Chef and his wife give back to their community with a significant emphasis on helping cure childhood diabetes.

For more information about Chief Walters, visit his website at Chef Walters Fine Foods - Food Products, Travel

Home (chefwalterscookingschool.com)

For more information on how to have your business spotlighted, visit Beacon Communications

Home | Warwick Beacon (warwickonline.com)

For more information about Practical Bizz Podcast, visit us at Helping Small Business | Stellar Business Concepts

Next Episode

Beacon Communications Business Spotlight: Broadway Tire

Who You Need to Know for Safe Reliable Tire & Auto Care in Rhode Island
Broadway Tire is a Rhode Island family-owned business that strives to provide excellent customer experience with multiple locations in Pawtucket, Warwick, and their latest location in Johnston. A flat tire or unfamiliar sound from under your vehicle's hood is always a cause for concern, leading to financial stress and anxiety for customers. Jim and his team understand the emotional and financial impacts this can have on their consumers. They're ready to answer your burning questions, "How long will it be until my vehicle is back on the road?", "How much will this cost?" and "Is my vehicle safe to drive?".
The Broadway Tire team is honest and hardworking with an open-door policy. If there is a problem, they have a solution to put your worries to rest. They stand behind their work, their brands, and their products. Broadway Tire offers many well-known tire brands, such as Michelin, Perelli, Hankook, and Continental. With access to extensive tire lines, they will make sure your car's new shoes match and are balanced correctly. As you pull off their lot, you will notice a difference in performance and handling with your vehicle. Broadway Tire is just the shop you've been looking for, with a full range of services from diagnostics, tune-ups, oil changes, brakes, mounting and balancing, and more extensive car repairs to keep you safe while driving your vehicle.
If you would like your business to be featured in a Beacon Communications Business Spotlight contact, their sales team at Home | Warwick Beacon (warwickonline.com)
For More Information on Broadway Tire visit:
Broadway Tire and Auto Service | Auto Repair & Tire Shop in Pawtucket, Warwick, Johnston, RI (broadwaytireri.com)
If you enjoyed this episode of Practical Bizz, please subscribe, rate, and review this episode on your favorite listening platform. If you prefer to watch this episode, head to our YouTube Channel at Practical BizZ Podcast - YouTube , and remember to hit the subscribe button. This support allows us to continue creating great content and spotlighting small business owners at no cost.
If you are looking for a great way to connect with the small business community and would like to be a sponsor of the Helping Small Business | Stellar Business Concepts, head on over to our website at www.stellarbusinessconcepts.com