What I mean is that when it comes to creating more black businesses, what must comes first, the businesses or the consumers. It’s a tough one to answer. Lets think about it like this, if for some reason, you already have the egg, which would be the black consumers, then all you would have to do is wait until the egg hatch a chick, which would be black businesses and walla.
But it’s not that simple.
Black businesses complain that black consumers don’t support them. Black consumers complain that there are not enough black businesses to meet their needs and, they are right. If they need a loaf of bread, a quart of milk or a pair of socks, they won’t be purchasing these things from black businesses.
So should black entrepreneurs step up to the plate. Absolutely! The market is there but it’s spending billions somewhere else.
But do black businesses support black businesses? The answer is no. They are business people but they are also consumers and I bet if you were to take a tally you will find that the bulk of the income that they bring in is spent with other people, not black businesses.
So, Houston we have a problem. How do we fix it. Our future and the future of our children depends on it.