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Business

The business of tipping

The business of tipping
A huge part of a restaurant’s success is the ability to maintain great wait staff.  This becomes a major challenge when customers do not adequately compensate the waiters. 
 
In some s

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A trailblazer’s view of ‘Building Atlanta’

A trailblazer’s view of ‘Building Atlanta’
ATLANTA – Atlanta businessman, construction management mogul, philanthropist and now author Herman J. Russellhas released his book, “Building Atlanta: How I Broke through Segregation to Launch a Business Empire.”
 
 Award-winning broadcast journalist Angela Robinson recently hosted a book signing and interviewed Russell on his life, struggles, and how he broke through segregation to launch his business empire. The interview was serious and at times brought memories that provoked tears and laughter. 

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The BE 100s

The BE 100s
 
NEW YORK – (PRNewswire) – In the 42nd annual report on black business under the theme, “Scale Up Your Business,” Black Enterprise (BE) editors found scores of BE 100s CEOs who have remodeled their companies for opportunity and expansion.
 
BE reports that scalability has been the foundation of growth for the five billion-dollar revenue leaders – World Wide Technology Inc., ACT-1 Group, Bridgewater Interiors L.L.C., Modular Assembly Innovations L.L.C., and RLJ McLarty Landers Automotive Holdings L.L.C. – and BE’s 2014 companies of the year.
 
“The BE 100s – the nation’s largest black businesses – continue to be the standard bearers for all American enterprises, demonstrating that sustained business growth comes when ideation and innovation is wedded to execution and excellence,” says Black Enterprise Senior VP/Editor-in-Chief Derek T. Dingle. 
 

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Benjamin F. Chavis Jr. named NNPA interim president and CEO

Benjamin F. Chavis Jr. named NNPA interim president and CEO
 
PORTLAND, ORE, – (NNPA) – Benjamin F. Chavis Jr., a global business leader, educator and longtime civil rights activist, was elected interim president and CEO of the National Newspaper Publishers Association at the group’s annual meeting here Wednesday, NNPA Chairman Cloves Campbell has announced.
 
Chavis is president of Education Online Services Corporation (EOServe Corp.), the premier provider of online higher education for Historically Black Colleges and Universities (HBCUs). He is also president, CEO and co-founder with Russell Simmons of the Hip-Hop Summit Action Network (HSAN), the world’s largest coalition of hip-hop artists and recording industry executives. He serves on numerous boards, including the National Association for Equal Opportunity in Higher Education (NAFEO).

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GM’s Eric Peterson loves dealing in diversity

GM’s Eric Peterson loves dealing in diversity
HOLLYWOOD, Fla. – After working 37 years for General Motors, it is not unusual for Eric Peterson, vice president of Diversity Dealer Relations, to walk into an African-American dealership and be introduced to one of the owner’s children.
 
“See that man there,” a dealer recently told his son, pointing to Peterson. “He helped me get started. And if you do what you’re supposed to do, he’ll help you, too.”

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‘Mr. Gotti the Restaurateur’

‘Mr. Gotti the Restaurateur’
As a foodie, I enjoy experiencing new restaurants, concepts, dishes and atmospheres. Memphis has a winner in the Privé Restaurant, thanks to Mario Mims, aka Yo Gotti. Privé is French for private and the Privé Restaurant can only be described as incredible dining.
 
Hailing from North Memphis, Gotti, embraces his background and upbringing in his recordings and music.  Rapping since the age of 14, he has come a long way. One of his most popular mainstream songs is “5 Star Chick” and Privé has all the elements of a 5-star restaurant. 

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Retirement plan distributions

Retirement plan distributions
When it comes to receiving the fruits of your labor – the money accumulated in your employer-sponsored retirement plan – you are faced with a few broad options. Should you take the payout as systematic payments, a lifetime annuity, or a lump sum?
 
Systematic withdrawals
 
Some retirement plans may allow you to take systematic withdrawals: either a fixed dollar amount on a regular schedule, a specific percentage of the account value on a regular schedule, or the total value of the account in equal distributions over a specified period of time.

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African-American women are taking care of business

African-American women are taking care of business
WASHINGTON  – Instead of breaking the glass ceiling, African-American women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, African-American women are the fastest-growing group of entrepreneurs in the country.
 
“Today, women of color are the majority owners of close to one-third of all women-owned firms in the nation,” stated the report. “Increased access to business capital – including microenterprises, venture capital- funded firms, and crowd funding – has helped the number of women entrepreneurs grow substantially.”
 
Traditional careers often come with cultural and structural roadblocks that devalue the work of women, especially African-American women.

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