Michigan Chronicle

Business

BlackStartup: The African American Solution To Crowdfunding

Business 05-19-2013 Hits:615 newsone - avatar newsone

BlackStartup: The African American Solution To Crowdfunding

In the past five years, crowdfunding sites like Kickstarter and Indiegogo have revolutionized the way entrepreneurs go about raising capital for new business ventures. Although these sites have helped turn countless of startup pipe-dreams into a reality, a significant number of entrepreneurs, Blacks in particular, aren’t necessarily feeling the same love…until now. “I think it is important that we encourage non-profits and social enterprises to raise resources on our platform to address social problems facing the African-American community,” BlackStartup CEO Nathan Bennett-Fleming told NewsOne. BlackStartup takes a standard approach to crowdfunding: Each project featured on the platform is accompanied with  a project description, specific goals, and a background on the founders. And similar to other sites, participants only receive the money if they reach their complete goal. ”There is no specific type of businesses that we are attempting to promote. We want to support projects, ideas, and causes that are broadly connected to the African-American community,” said Bennett-Fleming. The site’s Monday launch premiered with seven projects, including a math curriculum taught through playing the piano, a family business that makes homemade hair products, and a website featuring social commentary on daily news. The Washington, D.C.-based company has had no problem gaining praise and capital, with the site snagging the coveted Yale Entrepreneur Institute’s Fellowship, which doles out $20,000 in capital seed money, an elite mentor, and a 10-week boot camp in New Haven, Ct. While BlackStartup focuses primarily on supporting Black causes through funding, Bennett-Fleming says he and the founders have the ultimate goal of expanding to help other marginalized groups. ”We are considering broadening our approach to include other minority groups on our platform,” he said. ”We want to use these new technologies to address the Black entrepreneurial gap, the Black opportunity gap, and other economic challenges facing the Black community as well as other marginalized communities.”

Read more

Introducing Voo Vodka, first black-owned premium vodka

Business - Original 05-17-2013 Hits:618 Teia B. Harris - avatar Teia B. Harris

Introducing Voo Vodka, first black-owned premium vodka

    Entering the market is Voo Vodka a premiere spirit distilled in Michigan and available for purchase in Michigan and Nevada today.  The vodka is one of the only vodkas created by an African American and was produced to have the smoothest taste with a mixer optional.  The name Voo Vodka was derived from the word déjà vu and with one sip of this fine ultra premium vodka, a flashback of all the great times in life should occur and most importantly create new ones.  “Voo Vodka was created with a connoisseur in mind,” says founder DeCarlos Stewart.Voo Ultra Premium Vodka is one of the only vodkas that's distilled eight times from grain which ultimately creates a smooth texture and sweet flavor. The other leading premium vodkas on the market is distilled five times and is usually imported from other countries while Voo Vodka is distilled in the United States at a family owned distillery in Michigan. During the initial launch Voo Vodka will be available for purchase across Nevada and Michigan but will be expanding to Illinois, Florida, California, New York, and Georgia in the next couple months. The first bottle is offered in 750 ml and comes with a Voo Life VIP card which will gain people living the “Voo Life” V.I.P. Access, special discounts, entry access and more to Voo Vodkaevents and participating establishments.  During the initial launch Voo Vodka will be launching a guerilla style promotional campaign filled with models, billboards, car wraps and more as well as donating a portion of the proceeds to help bring technology to disadvantage children.  Please visit: drinkvoo.com for more information.   

Read more

Michigan has highest unemployment rate for African Americans in nation

Business 05-16-2013 Hits:970 Judy Putnam, Michigan League for Public Policy - avatar Judy Putnam, Michigan League for Public Policy

Michigan has highest unemployment rate for African Americans in nation

    Michigan workers were hit hard by the Great Recession but the state’s African American workers continue to suffer a far higher unemployment rate, a new Economic Policy Institute Issue Brief finds, with Michigan’s black unemployment rate the highest among the 24 states where it can be measured.  In Ongoing Joblessness in Michigan: Unemployment rate for African Americans tops in nation, more than double the state’s white rate, EPI researchers Douglas Hall and Mary Gable find that the African American unemployment rate in Michigan reached 18.7 percent—nearly one in five of the state’s black workers—in the fourth quarter of 2012, about two-and-a-half times that of the white unemployment rate of 7.5 percent. The black unemployment rate in Michigan was 4.7 percentage points higher than the national black unemployment rate of 14 percent and ranked highest among the 24 states with large enough black populations to measure unemployment. Michigan’s white unemployment rate was ninth highest in the nation. “This is an alarming trend that highlights the growing inequity in our state,’’ said Michigan League for Public Policy President & CEO Gilda Z. Jacobs. “For Michigan to recover from the very long recession we’ve suffered, we need an economy that works for all. Policymakers must address this tremendous disparity.’’ Black unemployment is concentrated in urban areas with very high unemployment rates and few job opportunities. In such a job environment, it is difficult to find work. In 2012, 46.5% of unemployed black workers were unemployed for more than 26 weeks—much higher than the share of white unemployed workers (41.6%) who are long-term unemployed. In 2011, the Michigan Legislature cut the weeks of available Unemployment Insurance from 26 weeks to 20 weeks, causing hardship for many unemployed black workers as they continue to look for work. “Until our state recovers, the Michigan Legislature needs to restore the traditional period of unemployment benefits...

Read more

10 Things Every Customer Wants

Business 05-16-2013 Hits:372 Randy Greenberg - avatar Randy Greenberg

10 Things Every Customer Wants

Why does a customer buy from one vendor rather than another? According to research recently conducted by The Rain Group, customers tend to buy from sellers who are superlative at the following tasks:  1. Bring New Perspectives and Ideas  If customers could diagnose their own problems and come up with workable solutions on their own, they would do so. The reason that they're turning to you and your firm is that they're stuck and need your help. Therefore, you must be able to bring something new to the table.  2. Be Willing to Collaborate  Customers absolutely do NOT want you to sell them something, even something that's wonderful. They want you to work with them to achieve a mutual goal, by being responsive to the customer's concerns and ways of doing business. Ideally, customers want you to become integral to their success.  3. Have Confidence In Your Ability to Achieve Results  Customers will not buy from you if you can't persuade them that you, your firm, and your firms offerings will truly achieve the promised results. It is nearly impossible to persuade a customer to believe in these things unless you yourself believe in them. You must make your confidence contagious.  4. Listen, Really Listen, to the Customer  When they're describing themselves and their needs, customers sense immediately when somebody is just waiting for a break in the conversation in order to launch into a sales pitch. In order to really listen, you must suppress your own inner-voice and forget your goals. It's about the customer, not about you.  5. Understand ALL the Customer's Needs  It's not enough to "connect the dots" between customer needs and your company's offering. You must also connect with the individuals who will be affected by your offering, and understand how buying from you will satisfy their personal needs, like career advancement and job security.  6. Help the Customer Avoid Potential Pitfalls  Here's...

Read more

Business leaders honored by NASP

Business - Original 05-15-2013 Hits:278 Damon Autry - avatar Damon Autry

Business leaders honored by NASP

The National Association of Securities Professionals (NASP) recently honored five business leaders during its seventh annual ceremony and scholarship banquet fundraiser at the Detroit Athletic Club. More than 300 NASP members, supporters and guests helped celebrate what NASP called Encore VII – “Together We Rise!” Proceeds from the event go toward scholarships for financially-challenged college students from Metro Detroit. Each honoree was recognized with a special award. They include: the NEXT.com Award, given to Glenda Gill, executive director, Rainbow Push Automotive Project; the Measure of Excellence Award, presented to Richard Charlton, chair and founder of New England Pension Consultants; Lorenzo Moner, chairman of Wayne County Employment Retirement Systems, received the Unsung Hero Award. NASP also recognized Chris Jackson, partner with Queen Lillian Development, with the Maverick Award, and David Clark, chairman of Detroit General Retirement Systems, with the Legend Award. “It is an amazing task for NASP to recognize five of Detroit’s highly notable men and women and award them individually for their countless achievements and years of remarkable service in their respective fields,” Kathleen Colin said. Colin is president of NASP’s Detroit chapter, as well as director of investments for Oppenheimer & Co. During her tenure with the Rainbow Push Automotive Project, Glenda Gill has made it her life’s work to fight for total inclusion in the automotive industry for people of color and women. And while she doesn’t perform her tasks to garner attention or pats on the back, Gill is nonetheless humbled by being recognized for her efforts. “This honor means a lot to me,” she said. “It means that my work matters. Sometimes when you’re involved in the work, you don’t stop to reflect on the accomplishments of the work. So when people outside your core recognize you for what you do, it tells you that you’re truly making...

Read more
A+ A A-

Pancakes & Politics: Promoting Regional Cooperation













Last Updated on Friday, 17 May 2013 17:47

Hits: 155

Introducing Voo Vodka, first black-owned premium vodka

 

 
Entering the market is Voo Vodka a premiere spirit distilled in Michigan and available for purchase in Michigan and Nevada today.  The vodka is one of the only vodkas created by an African American and was produced to have the smoothest taste with a mixer optional. 

The name Voo Vodka was derived from the word déjà vu and with one sip of this fine ultra premium vodka, a flashback of all the great times in life should occur and most importantly create new ones.  “Voo Vodka was created with a connoisseur in mind,” says founder DeCarlos Stewart.Voo Ultra Premium Vodka is one of the only vodkas that's distilled eight times from grain which ultimately creates a smooth texture and sweet flavor. The other leading premium vodkas on the market is distilled five times and is usually imported from other countries while Voo Vodka is distilled in the United States at a family owned distillery in Michigan.

During the initial launch Voo Vodka will be available for purchase across Nevada and Michigan but will be expanding to Illinois, Florida, California, New York, and Georgia in the next couple months. The first bottle is offered in 750 ml and comes with a Voo Life VIP card which will gain people living the “Voo Life” V.I.P. Access, special discounts, entry access and more to Voo Vodkaevents and participating establishments. 

During the initial launch Voo Vodka will be launching a guerilla style promotional campaign filled with models, billboards, car wraps and more as well as donating a portion of the proceeds to help bring technology to disadvantage children.  Please visit: drinkvoo.com for more information. 
 

Last Updated on Friday, 17 May 2013 00:10

Hits: 618

Bartech Soars To New Heights

Page_C-1.jpg.jpg

Bartech Group, Inc. (Bartech), a global leader in staffing and management solutions, has experienced tremendous success for more than three decades. The Michigan-based company currently manages more than 26,000 daily work assignments and $2 billion in annualized billings. While many companies would be content to keep the status quo in this business climate and economy, Bartech has continued to grow and expand.

While celebrating its 35th anniversary in 2012, Bartech simultaneously was making major decisions to boldly shape its future. A quantum leap for the company occurred when it received an investment from Sverica International to fund ongoing strategic growth. Sverica, a West Coast-based private equity firm, is a leading entity that has raised more than $425 million of investment capital since its inception in 1993.

In conjunction with the investment, David W. Barfield was promoted to serve as Bartech’s president, CEO, and chairman of the board. No stranger to the company, Barfield has functioned in executive leadership capacities since joining the family-owned business in 1995. He was instrumental in transitioning the company from a traditional staffing agency, to a global leader that provides national and international services in such industries as automotive, life sciences and health care, financial services, energy and telecommunications.

For more than two decades, Bartech has been listed by Black Enterprise magazine as one of the top performing and earning African-American companies in the United States. Yet, the potential to achieve even more continued to present itself.

“Our company was experiencing significant growth over the past five years,” says Barfield. “To remain competitive, however, the family recognized the need to attract outside investments to fund our growth and better help our customers win in the global marketplace. Sverica shared in our long-term vision to better deliver quality service to meet our customers’ increasing demand for talent. Therefore, we are pleased with our partnership with Sverica because it enables Bartech to make the necessary investments that will add significant value to our customers.”

The investment and change in strategy have also made it possible for Bartech to move from Livonia, into new state-of-the-art headquarters in Southfield, create a centralized national recruitment center, and globally expand the company’s Managed Service Provider business unit, which includes a presence in Eastern and Western Europe, as well as Canada.

While Sverica has made an investment and is now part owner of Bartech, Barfield points out that the family is still in the loop.

“The Barfield family has a major equity position in the company,” says Barfield, who holds a bachelor of arts from Georgetown University and an MBA from the University of Michigan. “As far as the direction of the company, overall philosophy, and day-to-day operation, those decisions belong to our Board of Directors, executive leadership team and me.”

In addition to his top leadership role at Bartech, Barfield was recently elected to serve on the National Minority Supplier Development Council’s (NMSDC) Board of Directors. NMSDC is one of the country’s leading corporate membership organizations that advocates increased procurement opportunities for Asians, Blacks, Hispanic, Women and Native American businesses in the global corporate supply chain. Bartech, a NMSDC certified company, has been a member of the national organization for close to 30 years. Additionally, Barfield is a member of Business Leaders for Michigan, a business roundtable that includes the top 80 corporate executives in Michigan.

While on a fast track moving forward, Barfield is proud of Bartech’s achievements and status in the corporate world. The company is one of the country’s 100 largest staffing firms, one of the 20th largest firms that provide engineering talent in the staffing industry and is a Top 10 provider in the Managed Service Provider segment of the industry. According to Barfield, Bartech’s annual revenue is approximately $230 million. “

“Our goal is to continue to grow the value of our company,” says Barfield.

“We will continue to invest in services that we believe to be highly valued by our customers. We want to be one of the most important companies in the human capital industry. Our plans are to double the size of the company in the next three to five years while making investments to reach those goals.”

Regardless of how fast Bartech grows, Barfield says the company will continue to embrace the business philosophies of his father, John W. Barfield, and mother, Betty Barfield, both of whom were African-American pioneers in business.

The couple started Barfield Cleaning Company in 1954, before transitioning it to John Barfield & Associates in 1977 which provided staffing services to the Big Three automakers. In 1984, the company changed its name to The Bartech Group and became one the country’s first minority-owned technical staffing firms.

“What’s important to me as Bartech moves forward is that we stay true to the founding principles established by my parents,” says Barfield.

“The founding principles were providing quality service to our customers, fairness to our employees and being good corporate citizens. While a lot has changed, and is still changing at Bartech, the foundation established by my parents remains.”

Last Updated on Wednesday, 15 May 2013 02:23

Hits: 509

Business leaders honored by NASP

nasp.jpg.jpg

The National Association of Securities Professionals (NASP) recently honored five business leaders during its seventh annual ceremony and scholarship banquet fundraiser at the Detroit Athletic Club. More than 300 NASP members, supporters and guests helped celebrate what NASP called Encore VII – “Together We Rise!” Proceeds from the event go toward scholarships for financially-challenged college students from Metro Detroit.

Each honoree was recognized with a special award. They include: the NEXT.com Award, given to Glenda Gill, executive director, Rainbow Push Automotive Project; the Measure of Excellence Award, presented to Richard Charlton, chair and founder of New England Pension Consultants; Lorenzo Moner, chairman of Wayne County Employment Retirement Systems, received the Unsung Hero Award. NASP also recognized Chris Jackson, partner with Queen Lillian Development, with the Maverick Award, and David Clark, chairman of Detroit General Retirement Systems, with the Legend Award.

“It is an amazing task for NASP to recognize five of Detroit’s highly notable men and women and award them individually for their countless achievements and years of remarkable service in their respective fields,” Kathleen Colin said. Colin is president of NASP’s Detroit chapter, as well as director of investments for Oppenheimer & Co.

During her tenure with the Rainbow Push Automotive Project, Glenda Gill has made it her life’s work to fight for total inclusion in the automotive industry for people of color and women. And while she doesn’t perform her tasks to garner attention or pats on the back, Gill is nonetheless humbled by being recognized for her efforts. “This honor means a lot to me,” she said. “It means that my work matters. Sometimes when you’re involved in the work, you don’t stop to reflect on the accomplishments of the work. So when people outside your core recognize you for what you do, it tells you that you’re truly making a difference. And I think we are making a difference.”

Maverick Award recipient Chris Jackson said it’s a privilege to be recognized by an organization such as NASP and believes he fits the mold of what the award represents. “A maverick is someone who symbolizes the willingness to do things unconventional, unorthodox,” Jackson said. “I appreciate NASP for looking at me as a businessman who conducts business that way. But more than that, I commend the organization for helping support our young people and for serving as their mentors.”

The National Association of Securities Professionals is a nonprofit 501 (c)(6) association comprised of professionals in the securities industry. The organization brings together the nation’s minorities and women who have achieved recognition in the industry as brokers, asset managers, investment bankers, commercial bank underwriters and other financial professionals. The NASP has chapters in Detroit, Atlanta, Baltimore/D.C., Boston, Chicago, New York, Philadelphia and San Francisco. Since 2007, the NASP-Detroit Scholarship Fund has awarded more than $200,000 in scholarships to deserving students.

Last Updated on Wednesday, 15 May 2013 02:58

Hits: 278

How to increase mental productivity and self-control at work

Increasing-Productivity.jpg.jpg

We all know productivity requires both energy and control. A manufacturing plant needs power to operate and process controls to ensure efficiency. Your car won’t run without fuel and a driver.

But did you know your brain works the same way?

In other words, if you or your employees are not eating the right foods (energy), your ability to think and maintain self-control (mental productivity) will suffer.

According to research by psychologist Roy Baumeister, some brain and cognitive processes consume substantial amounts of energy, and self-control requires a certain amount of glucose to operate unimpaired.

As Baumeister notes in a Psychology Today article, “the human body is undeniably an energy system. Evolution gave us this new and more complicated way of acting, but it’s expensive in terms of fuel burned.”

If you find yourself running on fumes at work, try munching on foods that are rich in lean proteins and complex carbohydrates. Examples include low-fat yogurt, fresh strawberries or veggies with a hummus dip. According to a nutritionist quoted in the article, such foods are metabolized at a steady rate and lead to stable blood-sugar levels.

Here are some other food suggestions for boosting your energy, brainpower and productivity:

Blueberries: Neuroscientist James A. Joseph of the Human Nutrition Research Center on Aging at Tufts University calls these tasty marvels of nature “brainberries.” They not only provide traditional nutrients — carbohydrates, fiber, vitamins C and E and manganese — but also help make your brain cells maximally responsive while impeding the aging process.

Eggs: The yolk of eggs is high in choline, a building block of brain cells that has been shown to enhance memory and minimize fatigue. However, eat only one or two egg products a day, since eggs also are high in cholesterol.

Seeds and nuts: Any kind of nut or seed works well for a snack break, because they all have Omega-3 and Omega-6 fatty acids. These acids can help you think more clearly, but also improve your mood since they act as natural antidepressants.

Fish: The original brain food, fish also are rich in Omega-3 fatty acids, which a recent study shows are important in decelerating brain aging and preventing the loss of memory and thinking capabilities.

A final tip. If you’re about to face a stressful situation, have a healthy snack beforehand — perhaps peanut butter on whole-grain crackers — which could help your blood sugar rise to the occasion

Ken Dallafior is executive vice president, Group Business and Corporate Marketing at Blue Cross Blue Shield of Michigan (BCBSM). Dallafior leads BCBSM’s group sales force, oversees corporate marketing and product development, and develops and implements key corporate strategies. He also provides leadership to critical sales operations such as agent relations and commissions, sales incentives and complex issue resolution for group customers and sales agents. In addition to working in the insurance industry for nearly two decades, Dallafior played professional football from 1982 to 1992. He is founder and board member of the Detroit Lions Courage House.

Last Updated on Wednesday, 15 May 2013 14:10

Hits: 578

Facebook Comment

Digital Daily Signup

Sign up now for the Michigan Chronicle Digital Daily newsletter!

Trending Topics

Free Digital Edition

Powered by Real Times Media  © 2009 - 2015 • All rights reserved • Website Developed by ETECH Design Studio

Register

User Registration
or Cancel