AFRICAN
AMERICAN
AFRICAN-AMERICAN
ENTREPRENEURS




BLACK ENTREPRENEURS

THE CHALLENGE

8(a) BUSINESS DEVELOPMENT PROGRAM

AFRICAN AMERICAN FEMALE ENTRENEURS ALLIANCE AAFEA

BLACK ENTREPRENEURS LINKS



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SECTION 1



BLACK
ENTREPRENEURS




Not everybody has what it takes to become a successful
entrepreneur. One must possess certain traits in order
to make it big in the world of entrepreneurship. For
example, he or she must value money. This is the most
basic characteristic evident in every great entrepreneur.
Once a person knows and appreciates the value of money,
he or she will think of ways to earn and will continue
to do so even after his or her business is already at
the top.

Aside from valuing money, a successful entrepreneur must
be self-confident. A person has to know his or her skills
and capabilities. Furthermore, he or she should be able
to trust himself or herself to be able to handle anything
that comes his or her way. Being dependent on the advices
of colleagues may lead to failure.

A successful entrepreneur should also be competitive. Since
there will always be somebody better in the industry, one
must know how to step up, bring something new to the table,
and provide good competition.

While these characteristics are important, a person’s gender,
age, and skin color have nothing to do with his or her success
in the business world. Men and women, old and young, white and
black have similar chances in being recognized in the industry.



Black entrepreneurs
http://blackentrepreneurs.com/



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SECTION 2



THE
CHALLENGE




Inviting bids from black-owned businesses is a matter
of fairness: Even though African-Americans represent
roughly 12.9 percent of the U.S. population, they
owned just 7.1 percent of American companies in 2007.
Those black-owned businesses, moreover, earn only 43
cents for every dollar earned by a white-owned firm;
they also receive a disproportionately low portion
of government-backed business loans.

African-American entrepreneurs face fewer opportunities
and more challenges than others do in this country. So
until more American companies embrace supplier diversity
and make it a practice to buy from black-owned businesses,
African-Americans will continue to face a dim future in
the business world.

In the United States, black-owned businesses are 35 percent
more likely to fail than white-owned businesses are. Black-
owned businesses also tend to start with less capital, and
are four times more likely to be denied credit than are
white-owned firms. In addition, African-Americans are less
likely to benefit from the multigenerational family and
social ties that so often lead to business partnerships
among white-owned firms in this country.



African-American Entrepreneurs
http://volunteerguide.org/diversity/


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SECTION 3



8(a)
BUSINESS
DEVELOPMENT




The 8(a) Business Development Program is
an important resource for small businesses
seeking business-development assistance.

Named for Section 8(a) of the Small Business
Act, this program was created to help small
and disadvantaged businesses compete in the
marketplace. It also helps these companies
gain access to federal and private procurement
markets.


What is the Purpose of the 8(a)
Business Development Program?


The focus of the program is to provide
business development support including:



•Mentoring

•Procurement assistance

•Business counseling

•Training

•Financial assistance

•Surety bonding

•Other management and technical assistance



8(a) Business Development
http://www.sba.gov/content/8a-business-development



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SECTION 4



THE
AFRICAN
AMERICAN
FEMALE
ENTREPRENEURS
ALLIANCE
AAFEA




A non-profit member organization committed to strengthening
businesses through education, mentoring and networking.


1) To increase the clientele and profits of African-American
Female Entrepreneurs through a commitment to do business with
members of the Alliance as a first option.

2) To increase the awareness of political and government officials
on the issues that affect the business climate as it relates to
African-American Female Entrepreneurs.

3) To increase knowledge of issues and policies that affect
African-American Entrepreneurs and Women through quarterly
workshops conducted by our peers and our trailblazers.

4) To change or eliminate systems that discriminate against
businesses because of race or sex.

5) To increase awareness of issues and policies that affect
African-Americans, Entrepreneurs, and Women through quarterly
newsletters that also highlight and market businesses in the
Alliance.

6) To disseminate a directory of Alliance member businesses to
the public to further increase our client base and profit levels.

7) To provide a vehicle of support and networking for African-American
Female Entrepreneurs to expand, collaborate and partner as we learn
about what products, services, grants, low-interest loans and business
ventures are available to us.

8) To contribute to non-profit organizations that make a positive impact
on the communities where we do business.



African American Female Entrepreneurs' Alliance AAFEA
http://aafea.groupsite.com/main/summary



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SECTION 5



AFRICAN
AMERICAN
AFRICAN-AMERICAN
ENTREPRENEURS
LINKS




African American Entrepreneurs
http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471145769.html

African American Female Entrepreneurs' Alliance aafea
http://www.aafea.net/

African American & South African Women Entrepreneurs Empowerment Forum
http://aasaweef.org/

African American Women Entrepreneurs Research Project
http://www.jeffreyrobinsonphd.com/aawe.html

Africas Potential
http://www.africaspotential.com/

Black Business History
http://www.theroot.com/multimedia/work-live-earn-multiply

Black Enterprise
http://www.blackenterprise.com/

Black Entrepreneurs
http://www.blackentrepreneurprofile.com/black-entrepreneurs/full-list/

Black Entrepreneurship
http://www.blackentrepreneurship.com/

Business Grants for African Americans
http://www.womensbusinessgrants.com/?africanamericans.shtml



AFROPEDEA
http://www.afropedia.org


World Afropedia
http://worldafropedia.com/afropedia/Main_Page




Natives Wiki
http://tribalspedia.wikia.com/wiki/Natives_Wiki




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