Black Buying Power: The Importance of Supporting Black Businesses

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I have conversations regularly about how we as Black people should support Black businesses. When the option is available, we should always choose to work with a Black business owner, especially if it’s a locally owned small business. Minority business owners seem to suffer from the myth of offering bad service and not providing as good of a quality product as their white competitors. I’ll admit that I have often had that thought in past. I have a friend that always said she never lets an Asian do her manicures and pedicures. She will always find a Black nail tech and support her first. Me, being prejudice and ignorant about the abilities of my own people [Black] would say, “I don’t think anyone can do nails better than Asians.” Please don’t judge me by my ignorance, I’ve since broadened my mind and accepted that we [Blacks] are capable of absolutely any and everything.

When referencing Black owned businesses and entrepreneurs, people tend to make comments like, “Black people don’t know how to conduct business” or “I don’t support Black businesses because they can’t be trusted.” How do you know they don’t know how to conduct business or they can’t trusted if you’ve never given them a chance? So you mean to tell me that every white business owner is trustworthy and conducts business in a proper manner ALL THE TIME? Every last one of them? Nah bruh, I can’t except that. Whenever you hear about a business man embezzling the money of investors or a Ponzi scheme, isn’t it usually a white person? I’m sorry, that’s stereotyping isn’t it? But it’s true. The term ‘Ponzi scheme’ was even named after Charles Ponzi–a swindler, con artist and WHITE man from the early 1920s. So why are Black people seen as sub-standard when it comes to operating a legit business?

Whenever we get bad service from a retailer or restaurant, or any establishment that offers a service, we are quick to submit a complaint to the manager or through the business’ online website. We sometimes say we’ll never go back again, but after a short period of time we usually do go back. Especially if it’s a place that we frequent. Or if this business has multiple locations we’ll usually just visit a different location. Unfortunately, in most cases, Black owned businesses do not have multiple locations to choose from. Especially if it’s a locally owned small business. So let’s say you decide to support a Black entrepreneur and you receive not so favorable service. Instead of voicing your concerns or dissatisfaction, we just never go back; because that’s the kind of service you were expecting to get anyway right? But let’s say you go to Chick-fil-a and you get bad service; you’re more likely to complain and just vow to never visit that particular location again. But you can go to another location on the other side of town and still give your money to chick-fil-a. You can’t likely do that with a Black business because often times there is no other location.

Despite the lack of support, Black businesses are actually thriving. A 2011 survey of business owners conducted by the U.S. Census Bureau shows that the number of Black owned businesses increased by 60.5% between 2002 – 2007. There are multiple reasons we should support Black owned businesses. One is that they usually employ a high number of Black people, thus contributing to the decline of the Black unemployment rate. Those that open businesses in their own communities are helping to supply necessities to those who don’t have the means to venture outside of their neighborhoods and communities. We [Blacks] have a $1.1 Trillion spending power. Supporting more Black businesses contributes to the increase of Black incomes, giving families a chance to properly provide for their children and fund Black education. We should make a conscious effort everyday to buy Black. Even if we have to go out of way to do it. Other races and ethnicities are always going to stick together no matter what, it’s time for us [Blacks] to do the same. If you get bad service, which is most likely to be from an employee of that business, make it a point to talk to the business owner about it, even if you have to return at a later date. They want your business and will surely do what they can to rectify the situation. We should never think that what we are doing to personally contribute to the rise of the Black community is enough. It’s never enough…commit to doing more.

Until next time,

~Keep Laughing

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Kitta is an Interviewer and Freelance Blogger/Writer from Jackson, TN. She can provide blogging services for your business or product, and event coverage.

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