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BLACK ENTREPRENEUR BLUEPRINT

Black Entrepreneur Blueprint: 48 - Jay Jones - 5 Easy Steps To Determine What Business To Start & The Racial Wealth Gap

BLACK ENTREPRENEUR BLUEPRINT

Jay Jones

Blackenterprise, Blackbusinesspodcast, Bestblackpodcast, Marketing, Entrepreneurship, Blackinterviews, Blackentrepreneur, Africanamericanentrepreneurs, Blackentrepreneurinterviews, Blackentrepreneurblueprint, Blackpodcastshows, Business, Blackbusiness, Jayjones, Africanamericanbusiness, Africanamericanbusinesspodcast, Denniskimbro

4.8673 Ratings

🗓️ 15 June 2015

⏱️ 37 minutes

🧾️ Download transcript

Summary

"5 Easy Steps To Determine What Business To Start & The Racial Wealth Gap". Jay Jones discusses 5 easy steps to determine what business to start and how entrepreneurship correlates to the racial wealth gap. Jay shows you how to cut through the paralysis of analysis and find the best business that fits you. If you are having trouble deciding what business to start, you must listen to this episode and also download Jay's "Business Idea Worksheet".

Transcript

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0:00.0

Hello and welcome to the Black Entrepreneur Blueprint Show.

0:21.4

I am your host, Jay Jones.

0:24.4

Black Entrepreneur Blueprint was created specifically to educate and inspire black entrepreneurs to launch, build, and grow successful businesses.

0:35.6

Join us as we help build an economic power base in the black community by promoting business

0:41.4

ownership.

0:42.7

If you are currently an entrepreneur or want to be an entrepreneur, we invite you to join

0:48.6

us every week here at Black Entrepreneur Blueprint.

1:02.1

Thank you. black entrepreneur blueprint welcome to the black entrepreneur blueprint i'm your host jay jones and today we have another great show installed for you today

1:09.2

we're going solo there's a couple of things that

1:11.7

i want to touch base on that are very important uh the first topic is going to be the racial

1:17.4

wealth gap i just read an article in forbes magazine and uh it's very uh concerning and the second

1:26.0

topic is the easy way how to determine what business to start

1:30.7

and obviously they both do correlate in some form or fashion because entrepreneurship is

1:36.7

the way to gain wealth so let's start off real quick with this Forbes magazine article

1:41.8

that I read and then we're going to tie it up with the easy way how to

1:45.6

determine what business to start. The racial wealth gap, and I'm just reading a little bit here

1:50.4

from the top, why a typical white household has 16 times the wealth of a black household.

1:56.9

And first and foremost, we know that those numbers are crazy.

2:01.7

It doesn't even make sense.

2:02.8

And we're going to get into some specifics of those numbers, such as wealth accumulation,

2:08.2

home ownership rates, return on investment of a college education, and the median wealth

2:14.6

return of a dollar of income.

...

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