AFRICANGLOBE – Black America does not lack the entrepreneurial skills and abilities to succeed in business, what they lack is access to capital. Having the vocational and academic skills to enter the 21st century labor market to compete in a global economy is only a mild stepping-stone to a larger picture.
All work and no play, “makes Jack a dull boy.” The threat of finishing college or vocational training with a 12 to 16 percent unemployment staring you in the face, outstanding student loans ranging in the neighborhood of $10 to 30 thousand dollars, and banks closing their doors, paints a dismal picture for the hope of finding your American dream at the end of the tunnel.
To further exacerbate a grim picture, your pick between Wendy’s, McDonald’s or Burger King may be your only other option — what a way to stick it to an honor cum laude who has blaze the trail, burning the midnight oil.
Trying very hard to mind my own business, how can Black America become so obsessed to a lotto system that has failed to yield even minimal profits for the last few decades’, at the expense of losing hundreds of billions of dollars to the peril of our African American graduates.
With forty two of forty five million African Americans existing in this country those billions of lost dollars could have been used to fund hundreds of thousands of Black American skilled graduates to open up for business in the United States.
Those Black owned businesses could have employed other unemployed Black Americans, thereby, bringing down the unemployment rate among African Americans to a bare minimum.
As we the people invest in the initial start up of Black own businesses of graduates coming out of colleges and vocation — as their businesses become solvent — they would then reinvest in those entities that initially put them in business, thereby creating a domino effect for other African American graduates wanting to begin a business venture.
One cannot invest in Black owned businesses geared for the 21st century global economy if there are non to invest in! Black America must begin a vigorous campaign to give generously, as do a Red Cross venture, to fund Black Entrepreneurs who wants to venture into business, particularly those who have given their time to serious vocational and academic study.
Our churches do exceptionally well when it comes to giving scholarships to our students for secondary education. The problems for our graduates arise when they complete college or technical school, and there is no funding for them to go into business.
If there is one person that many Black American church attendees trust, it is their local church pastor. Congratulations! Please let your local pastors know that we’ve got to go a step further in helping to fund our children’s businesses when they complete college and vocational training.
If we can give money for tithes, offerings, building funds, foreign mission, home missions, pastor’s/and church anniversary, etc…, surely we can give a dollar plus to fund businesses for our graduates who wants to open businesses that will meet the needs of a 21st century global economy.
Black America must begin tackling what our president calls “The fierce urgency of now” so that by 2016 or earlier, those dollars will be solvent enough to give ownership to many Black American graduates wanting to start a major business. If you want to invest in a sure winner, invest in your children’s future business!
By: Larry J. Tard
Mr. Tard is the author of A Place Call Tybee: Can We Survive