Turn entrepreneurial setbacks into successes
Farrah Gray/NNPA Columnist
Issue date: 5/17/09 Section: Business
As I work on many urban grassroots efforts across America, it is tough not to be alarmed by the accelerated pace of the job losses of inner cities such as New York, Washington D.C. and Chicago particularly within the African-American and Hispanic communities that are struggling with unemployment rates of 50 percent or more.
Today, nationwide African-American unemployment has risen to 13.4 percent. Hispanic unemployment has risen to 10.9 percent. White unemployment has risen to 7.3 percent, according to the U.S. Bureau of Labor Statistics.
The unemployment numbers are particularly devastating when coupled with the recent study, "Comparative Indicators of Education in the United States and Other G-8 Countries: March 2009," a report that found the United States' public education systems ranking very low compared to other industrialized nations in providing our country with educated high wage workers.
For example, the U.S. ranks 25th out of 30 countries in math and 24th out of 30 countries in science skills. This fact means kids graduating school and adults training for careers in comparison qualify mainly for low-wage jobs considered about $12 per hour that are easily replaceable.
In general, there are two ways to make a giant career leap toward becoming a wealthy millionaire. It could be accomplished by either expensive advanced education with hopes of leading to high level executive positions or starting your own business working as an entrepreneur. Both are life-long commitments that require more than a simple desire for money - both paths require hard work and finding your unique marketable talents that add value to the community.
As the summer months approach, typically during a depressed economy with high unemployment rates and warm weather our neighborhoods experience increased violent crimes particularly in the urban communities. If you are unemployed remember to stay positive - be real with yourself by making honest and productive choices for the entire family.
Today, nationwide African-American unemployment has risen to 13.4 percent. Hispanic unemployment has risen to 10.9 percent. White unemployment has risen to 7.3 percent, according to the U.S. Bureau of Labor Statistics.
The unemployment numbers are particularly devastating when coupled with the recent study, "Comparative Indicators of Education in the United States and Other G-8 Countries: March 2009," a report that found the United States' public education systems ranking very low compared to other industrialized nations in providing our country with educated high wage workers.
For example, the U.S. ranks 25th out of 30 countries in math and 24th out of 30 countries in science skills. This fact means kids graduating school and adults training for careers in comparison qualify mainly for low-wage jobs considered about $12 per hour that are easily replaceable.
In general, there are two ways to make a giant career leap toward becoming a wealthy millionaire. It could be accomplished by either expensive advanced education with hopes of leading to high level executive positions or starting your own business working as an entrepreneur. Both are life-long commitments that require more than a simple desire for money - both paths require hard work and finding your unique marketable talents that add value to the community.
As the summer months approach, typically during a depressed economy with high unemployment rates and warm weather our neighborhoods experience increased violent crimes particularly in the urban communities. If you are unemployed remember to stay positive - be real with yourself by making honest and productive choices for the entire family.
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