By Shawntaz Crawford
Publisher, Stay On The Go
If there are conversations simmering about supporting black business—insert shameless plug for Stay On The Go—then understand that supporting black businesses means that consumers have to exercise patience and allow those businesses to make mistakes while still continuing to provide support.
Black businesses don’t always have the same kind of resources and support as their competitors, a fact that often makes it is difficult for black business owners and their staffs to perform at some of the service standards enjoyed by majority-owned businesses.
Further, if black consumers adopted a habit of buying black, then black-owned businesses will naturally improve—and their service standards will continue to rise as well. But without the initial investment by community support, black business struggle to keep up.
Many members of the black community go to work each week for majority-owned businesses, then turn around and then buy products from majority-owned super retailers. And this is why black consumers are financial slaves. Instead of investing in businesses owned by members of our community, black consumers seem to be totally fine with being dependent upon someone else for our needs as a community.
There are very few black-owned grocery stores, black-owned farms, black-owned gas stations or even black-owned land. The black community is totally locked out from acquiring and maintaining real wealth. That such a disparity exists is why would should be marching. Advocating for more black ownership and more consistent patrons of black-owned businesses is what we should be fighting for.
We need to invest in banks, so in turn, banks will invest in our BUSINESSES. Please understand, this is why you you should be opening accounts with black-owned banks. Any bank that is not willing to invest in black businesses doesn’t deserve to hold on to the money of its black accountholders.
Ultimately, the black community loses because black businesses are under capitalized by black-supported financial institutions. But, we are under capitalized because we do not invest in black-owned businesses that provide an economy for the black community and blindly support majority-institutions that could care less whether or not the black community wins.