There is a $3 trillion opportunity for Black and other minority entrepreneurs to become business owners as part of the “Great Business Transfer,” according to a new report from McKinsey. “This is the largest ownership transition in modern US history,” said Shelley Stewart, a co-author of the report, senior partner and Chair of the McKinsey…
People are nostalgic for a simpler time without smartphones, social media and AI. Cat Goetze is dialed in. The 29-year-old in Los Angeles is the founder of Physical Phones, a Bluetooth-enabled landline phone business that’s taken off in recent months. In 2025, her business brought in over $789,000 in sales, according to documents reviewed by…
It’s a sunny, 70-degree February afternoon in Los Angeles, and crowds have been pouring into Sydney Wayser and Isaac Watters’ home nonstop. A stereo system filters music into their kitchen, dining area and through the open doors to their backyard, where dozens of people sip coffees, chat in groups or type away on their laptops….
Jocelyn Elizabeth was a new mom working part-time as a marketing administrator when her dad brought home a $5 lamp from a church yard sale in Dillsburg, Pennsylvania. It was 2011, Elizabeth says. Though the lamp wasn’t fancy or new, her dad was sure he’d made a good investment, and found a cleaned-up version of…
Strathroy | Istock | Getty Images For nearly a century, John Dioguardi’s family has been making custom headstones and other memorial markers at Rome Monument in western Pennsylvania. Recently, he’s wondered how much time his business has left. Dioguardi has been trying to adapt for more than a decade as the rise in cremations has…
Caroline McDavid and her husband started South Carolina-based franchise business Juiced Fuel in 2022 to take that pesky stop at the gas station out of people’s day. They’ll come to you, top off your tank, and be on their way. There’s no real estate involved, no fancy office space, or hiring fairs to contend with….
A picture taken on December 8, 2014 in Abidjan shows a Chinese shoe dealer in a transaction at Adjamene’s market. Sia Kambou | Afp | Getty Images Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa’s faster-growing economies, such as Kenya,…
A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025. Nathan Howard | Reuters American…
Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for their workers under the new tax laws. The “no tax on tips” provision in President Trump’s One Big Beautiful Bill Act allows certain workers to deduct up to $25,000 in “qualified tips” per year…
U.S. small businesses are reeling under the weight of President Donald Trump‘s tariffs. Unlike large retailers, many of which have the resources and scale to blunt the effects of higher costs, many small companies facing bigger tariff bills are struggling to survive. Eunice Byun, the CEO of Material Kitchen, a small business that sells kitchenware…
