Business

Business

Rejected on Shark Tank, the Lip Bar is now worth millions

The business reality show Shark Tank has averaged millions of viewers for over 15 seasons. It is the biggest public platform that an entrepreneur could hope for with a 10-minute pitch on the show having…

By Preta Peace Namasaba April 9, 2024
Business

This man took a bank loan for vacation but it was seed money for the first Black-owned firm on the American Stock Exchange

George Johnson had one dream and it was to start a hair company specifically catering to Black consumers. But when he applied for a $250 business loan in the 1950s at a local Chicago bank,…

By Preta Peace Namasaba April 4, 2024
Business

Why NBA legend Dave Bing worked during the offseason to build a multi-million business empire

Most people know Dave Bing as the NBA Hall of Famer turned mayor of Detroit. What many do not know is that he is an astute businessman who leveraged the skills he learned from playing…

Business

How Antoine Grant went from an employee to owning a $30 million revenue furniture company in under a year

Choosing between the stability that a corporate career offers and the creative control and sense of fulfillment that comes with entrepreneurship can be difficult. So why not take both paths? Antoine Grant decided to have…

By Preta Peace Namasaba April 3, 2024

More in Business

Business

How Dr. Kofi Smith, an aspiring NFL player became president and CEO of the world’s busiest airport

Hartsfield-Jackson Atlanta International Airport – named after Maynard Jackson, the first Black mayor of Atlanta and of any major city in the South, is the busiest and most efficient airport in the world. It generates…

By Preta Peace Namasaba October 26, 2024
Business

Here’s why the country’s largest Black-owned construction firm turned down early investment offer from Michael Jordan

Michael Jordan’s extensive investment portfolio has seen him back numerous ventures, but one offer he made didn’t go as planned. In the early 1990s, C. David Moody Jr., founder of the largest Black-owned construction management…

By Kweku Sampson October 25, 2024
Business

Microsoft’s Pam Maynard named 2024 Black British Business Person of the Year

Pamela Maynard, Microsoft’s Chief AI Transformation Officer for Customer and Partner Solutions, has been named the 2024 Black British Business Person of the Year at the Black British Business Awards (BBBA). Now in its 11th…

By Kweku Sampson October 24, 2024
Business

How George Foreman built a massive $300M business empire after retiring from boxing

Born on January 10, 1949, in Marshall, Texas, George Foreman first made headlines as a dominant force in the world of boxing before venturing into the world of business. His rise to fame began with…

By Kweku Sampson October 23, 2024
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