Monthly Archives: September 2016

Black and Franchising

Often, along with gentrification there can be regeneration which was discussed in another blog I wrote. With this comes the ability to get finances and support to open businesses and to become economically, socially and politically visible.

Franchises are a way in which you can create a business income, which can lead to a growth in employment in the local area. In the UK there are a number of businesses which are franchises which black people go to such as Chicken cottage, Subway and Costa coffee. The latter is one which is sometimes visited by black people.

In the US I am sure there are many different types of franchises which you could open in the local area as a way to get your first business. Other groups of people are able to open these franchises with the assistance of their fellow nationals (by grouping their resources together).

This is a way in which you can take advantage of local regeneration as new buildings are being built and possibly office and residential blocks, with some shops and services needed in the local area. If you know the type of business’s franchises you would like to buy into then why not.

The way you can get finance is possible through grants, loans and different schemes and often, finance can be more easier to secure for a franchise than for a independent business but you would need to have start up capital and collateral, which is where the group comes in (group economics).

If you are interested in a franchise then there are many things to consider such as:

  • Long term contract
  • Run the business in a uniform way set by the brand not you
  • Devoting all your time to it
  • Having some capital as collateral and start up cash and more

 

Further Resources

10 Franchise Considerations (www.entrepreneur.com) 

Costs of a Franchise (www.franchising.com)

Introduction to Franchising (www.startup.co.uk)

11 Steps to Franchising (www.franchisedirect.com)

Starting a Franchise (www.fitsmallbusiness.com)

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Black Hibernation Month

For the months of October and February in the UK and America there are celebrations which look at the history and tradition of black people according to how the funders set the stall out.

The time when the celebrations are made are usually when it just starts to become dark or when it is really cold. In the UK it is dark and beginning to be cold in the month of October so events do get attendance but really you want to hibernate. In the US the month of February which can be warm or cold depending on which part of the country you are in.

The festival should be in both July and August as it is summer and most of the kids are on holiday and so it can be a time to reinforce the knowledge which people have about African history. There should not be one month of just history it should be a year round thing with the two months being festivals mirroring those in the main land of Africa, with tribal dances, drumming and story telling, and the talks which outline the importance of these activities.

Many of the topics of black history month look at social progress, though if you are talking about history, you need to look also at the political and economic factors. If you look at just the social factors then you have no economic awareness which means you rely on another group which is happening now. You should be able to get economic information about business owners, wealth black people and how you can help your communities through wealth and income, i.e. learning that money is not a contentious issue but an important on.

Politics is important too as we look at thinks on the surface and think just because someone was said to do good for black people they were good people. Rather, we should look at what the person did to improve our economic (wealth building, job creation and access to finances) situation. Like with elections, we need to learn how to get together and ask people how they will help us and what we can do to guarantee their assistance.

The reason I believe, there is political and economic factors missing in black history presentations and the same or similar people being talked about is the events are provided by the local authority. If your presentation is publicly funded then you will need to keep to an agenda, which is favourable to them. The better alternative is to have your own event, and listing it on websites within the local area you live.

There are places you can look which can suggest free or low cost buildings and rooms for rent to hold a presentation or event. The costs can be recouped if you do it through do nations or charge a price you think is reasonable for the event.

If you live in the UK and would like to find a venue for black history events or other events, you can find some here.

Further Information

Black History Month (UK) 2016

Economic Developments

Over the last few months in the UK there has been much discussion about the UK’s exit from the European Union and how this can affect both the UK and the international economy. The UK is in a period of transition around the world and also the world is too to a smaller degree.

In regards to black people in the UK this is a time when we can take advantage and get back to the levels of business ownership before the early 1990’s. There are programmes out there for people in their late teens and early youth. Though, if like me, you are early 30s there are some ways in which you will be able to benefit. If you have experience of professional work or have an interest in a trade then there will be more opportunities to do this.

This is a time when you will need to have an added income, rather than just a job, two or three incomes each is needed since the economy is weakening.

There are other schemes available for you to use you can get these from the businesses resources section of the website

(Some) Further Resources (Books and Podcasts):

Smart Passive Income

$100 Dollar Start Up

4 Hour work Week

Lean Start Up

Entrepreneur Revolution

 

Regeneration and Involvement

This is a short post for During the week. I was reading in the Financial Times that there was regeneration happening in London Bridge Station with Low rents available for businesses wanting to rent space.

Though based on previous experience with regeneration it can turn into gentrification if only the more affluent groups benefit from this.

If you have an idea it could be worth looking into:

http://www.teamlondonbridge.co.uk/default.aspx?m=21&mi=270&ms=93

Heres a insight into the programme:

London Bridge

Economy Of Knowledge

In the 1980’s and mid 1990’s (if your old enough to remember) there were people who were working in factories and mills. This was the case until the UK economy had moved towards a service economy (banking, customer service, technology based – IT and computer programming).

The aim of the government moving towards this economy was to maintain and create enough jobs for the current labour market, who were losing jobs as a result of moving away from a industrial towards a more knowledge based economy.

The movement should have been towards a entrepreneurial based economy and education system (in the UK). Since the education system was designed to prepare you for working in a bricks and mortar industry. The education system was slightly modified for the service economy as they thought they could up skill all the workers to work in the service jobs, as a result of getting a degree.

To get to this the national and local government looks at attracting investement and companies into regions, cities and towns as a way of providing more job opportunities. This is a good idea, which is why you see state of the art buildings being constructed around the place, as a place where businesses can set up or warehouse or industrial units built in the outskirts of towns and cities.

This in theory works but in practice the results are mixed since, many of the roles that these companies offer are menial as only low skilled tasks might be undertaken by that regional branch. Usually the research and development departments (the place where the more skilled vacancies are) are usually in the headquarters or home country.

The history of those born in the early 1970’s to late 1980’s being encouraged to join the knowledge economy was due to a skills shortage for high skilled jobs in the late 1980’s. In the late 2000’s there were more qualified people than jobs to match the skills.

This is evident today as black people who were adults in the late 80’s early 90’s with children did not prepare them for what was coming, instead of keeping hold of businesses we sold many of them of (with a few remaining) and told our children to join the knowledge economy in the late 90’s early 2000’s.

The economy is now changing from a knowledge based one to a entrepreneurial one, with the need to have more than one income. If the next generation and this one (18-40) do not have more than one income or at least access to one then we will not fare well as jobs are becoming less and less.

The government is attempting to get people skilled in technological areas such as computer science and sciences. It is great theses areas are looked at but as a people, we need to first and foremost look at developing business running skills, having an idea, developing it and then looking at many ways you can get income from this idea.

Further information

Knowledge is a myth (www.theguardian.com)

Knowledge Economy Myth (www.theweek.co.uk)