Business and Finance
Entrepreneur expands opportunities through franchise model

In 2018 BLACK ENTREPRENEURSHIP readers met HaKika Wise, founder and CEO of the Kika Stretch Studio franchise. Fast forward to today, and Wise’s business has six locations in 4 states. Wise has expanded her reach into the franchising world by helping other small business owners change into franchisors by converting their businesses into franchises.
With the launch Black Box FranchiseWise is partnering with fellow entrepreneurs Daren Hawthorne and Jae Sims. Hawthorne will function president and Sims as COO. Together, they launched a groundbreaking program that helps Black entrepreneurs turn their small businesses into franchises, all for lower than $40 a day. TO BE I used to be excited to learn more concerning the Black Box Franchising offering and the way one can turn their business right into a franchise at such a low price.
What led you to give attention to transforming small business owners into franchisors?
I used to be alarmed by the speed at which small businesses were permanently closing. Watching dreams and labor crumble was heartbreaking. This urgency ignited a passion inside me to search out a sustainable solution. The challenges these businesses face—overwhelming operating costs, market uncertainty, and the isolation of going it alone—can seem insurmountable. I knew we would have liked a model that might provide not only survival but a path to growth.
That’s when the thought of franchising crystallized as a strong solution. By turning small business owners into franchisors, I give them the possibility to expand their reach and stabilize their business with a proven, scalable model.
At Black Box Franchising, we don’t just help firms change into franchisors; we teach them what it means to be a successful franchisor. When I became a franchisor myself, I noticed there was a major gap in understanding what the role really entailed. That’s why I developed a comprehensive course embedded in our program. This course covers all the things from legal and operational frameworks to branding and scaling strategies.
We consider in the facility of community and shared success. By integrating small businesses right into a larger network of franchises, we create a support system where knowledge, resources, and successes are shared. This collaborative approach significantly reduces the isolation and pressure that small business owners often face.
What services does Black Box offer that make it easy for small businesses to change into franchisees at such an inexpensive price?
We help them learn the art of constructing a brand and scaling through franchising. We also added a built-in course that teaches them concerning the world of franchising and what it means to be a franchisor. We use Black Box Franchising to assist educate and elevate small businesses across America.
We offer a comprehensive suite of services designed to rework small businesses into successful franchises. Our services include Branding and Marketing Support, Franchise Development, Training Programs, Financial Advice, Community and Certification.
Making these services reasonably priced is a key a part of our mission. We achieve this through multiple strategies that leverage economies of scale, streamlined processes, and technology integration.
What are a very powerful things a business owner needs to know before deciding to change into a franchisor?
The decision to change into a franchisor is a major step that requires careful consideration and planning. We consider ten elements: is it a proven business model, are you able to provide comprehensive training and support, understanding of legal and regulatory requirements, do you may have the required financial investment, brand consistency, effective marketing strategies, operational systems, community and culture, long-term commitment and risk management.
By fastidiously considering these aspects and preparing thoroughly, business owners can set themselves up for achievement as franchisors. At Black Box Franchising, we guide business owners through each of those critical steps, providing the expertise and support they should construct a thriving franchise network. Our mission is to assist businesses scale sustainably, creating lasting success and opportunities for growth.
I understand you may have eight latest franchisors within the pipeline – congratulations! How long does it take to go from an independent business to a franchisor using the Black Box program?
Thank you! We are excited to announce that we now have nine latest franchisors in our pipeline. Each of those firms has a singular story and potential, and we’re excited to assist them on their journey to becoming successful franchisors.
The time from independent business to franchisor can vary depending on several aspects, but generally speaking, it takes between six and twelve months under the Black Box program. At Black Box Franchising, we understand that each business is different, as are its needs. That is why we create plans tailored to the needs of each business owner.
We also offer flexible payment plans and financing options to make our services accessible to businesses at various stages of growth. Our team provides ongoing financial advice and support to assist them navigate the complexities of franchising without breaking their budget.
Does Black Box offer every other services beyond converting businesses into franchises?
Absolutely. At Black Box Franchising, our mission goes beyond simply converting businesses into franchises. We offer a variety of services designed to support and elevate small businesses at various stages of their journey.
One of our key services is franchise placement. We help brands which can be already franchised find qualified candidates to affix their network. Our goal is to create pathways for aspiring entrepreneurs to own and operate successful franchises, thereby promoting economic empowerment in our communities.
In addition to franchise services, we provide a comprehensive suite of business support services including business development, branding and marketing, training and education, financial planning and management, franchise sales and matching, trademark services, and community constructing.
By offering these diverse services, Black Box Franchising provides businesses with the great support they need to succeed in their full potential, whether or not they want to franchise or just strengthen their existing operations.
Business and Finance
The report says that black women have suffered the greatest loss of work

Although the US economy Over 170,000 jobs were added last monthmore black women lost their jobs than anyone else, in accordance with The latest Bureau of Labor Statistics report.
According to APRIL’s work report, despite the fact that the US unemployment rate remained at 4.2%, black women constituted a complete of 106,000 lost jobs. The employment of black women was immersed from 10.325 million in March to 10.219 million in April. Meanwhile, their unemployment rate increased from 5.1% to six.1%, which is the most significant increase in month to month amongst all demographies. According to data, black women lost 304,000 jobs since February.
General black unemployment also increased in the third in a row a month in a row from 6.2% to six.3%, the highest rate from January. However, black men noticed a not very disturbing increase in employment-the echoes of unemployment dropped from 6.1% to five.6%.
As for other demographic data, the unemployment rate remained mostly unchanged, including white women who amounted to three.3%, and Latin women who amounted to 4.6%. In addition to the Black Americans, the Latin Americans had the second highest unemployment rate in April at 5.8%, while Asian Americans had the lowest 3.0%. The unemployment rate for white Americans in April was 3.8%.
This report appears after 4 months of Trump’s administration, which cut off every thing and any work function that is remotely related to the diversity, equality and employment and initiatives. The influence began to resound in all corporate America, and plenty of corporations announce the end or change of their politician Dei.
The arrangements on this report are disturbed by black experts.
“The extraordinary nature of this growth of black women’s unemployment is a testimony and a direct result of anti-dei and anti-black concentration of new administration policy,” William Michael Cunningham, economist and owner of Creative Investment Research, he said about data. “This is clearly harmful to the black community, which we have not seen before.”
Other experts strive for cautious optimism around the general image. Just a few agree that matters are able to deteriorate with such a great amount of flow between ongoing tariff wars and the growing costs of work and life.
“Let’s face it, everything will deteriorate this year, probably later in summer,” said Robert Frick, a company economist from the Federal Credit Union of Navy CNN. “But for now we really have to correct our thumbs and hope that the income and work will continue.”

Labor market
Business and Finance
The survey shows the growing demand for financial knowledge in schools

According to the latest Endowment for Financial Education (NEFE) national survey, the strong majority of US adults imagine that financial education needs to be a must -have a part of the highschool curriculum.
Eighty -three percent of respondents claim that their state should require a semester or a 12 months -round course focused on personal funds as a requirement to graduate. The same percentage of people that attended highschool claims that they would really like them to have to participate in such a course once they were students.
The data collected by Nefe in cooperation with Surveyus reflect the consistent results of an identical survey conducted three years ago. This is more state legislators weighing or accepting policy to finance the personal basic part of highschool graduation requirements.
“This latter survey strengthens long -lasting Support for financial educationWith 4 out of 5 adults in the USA, he agrees along with his meaning, “said Dr. Billy Hensley, president and director of Nefe.” These moods are a testimony of countries that have committed to the requirements and implementation of financial educational programs, thus strengthening today’s students know many adults who would like them to receive at school. “
The survey also revealed a generation gap in access; Only 44% of respondents aged 18–34 stated that their school lacked personal financial classes, in comparison with 77% of individuals aged 65 and older.
Hensley applauded the growing number of nations that introduced the fines of financial education K – 12, calling the movement “a step towards justice and economic strengthening.”
This pursuit of financial skills is especially critical in black communities, where economic differences meet through historical and systemic exclusion from the possibility of constructing generational wealth. According to the Brookings Institution in 2023, in 2022 for every $ 100 in wealth owned by white householdsBlack households had only USD 15, emphasizing the durable and expanding difference in racial wealth.
In addition, while African -Americans usually tend to proceed education in the desire to mobility up, additionally they bear the disproportionate share of student debt, often without financial tools to administer it.
According to the report, experts say that early, normalized access to private financial education in high schools, especially in underestimated communities, generally is a powerful tool that may help reduce these gaps. Supporters call on legislators to the priority of fair implementation, ensuring that students from all environments are equipped with credit management skills, savings and planning of long -term financial health.
(Tagstranslate) Schools (T) K-12 Education (T) Financial literature
Business and Finance
Lool Deng increases the net value with a successful property

Former Chicago Bulls player, Lool Deng, couldn’t win any NBA championships or had no max contracts during his profession. However, its net value is greater than a few NBA players who’ve global recognition and still play in the league.
According to the man who was Born in South Sudan It has a personal net value of over $ 200 million, exceeding Stephen Curry ($ 180 million), Dwyane Wade ($ 170 million) and James Harden ($ 165 million). Deng has never had the pleasure to get a style of contracts that the athletes concluded during their profession, but his ventures, other than the pitch in real estate, put over them.
During his NBA profession, while playing for Bulls, Cleveland Cavaliers, Miami Heat, Los Angeles Lakers and Minnesota Timberwolves, his total earnings amounted to $ 166 million in a few years from 2004 to 2019.
Most of the money he earned comes from his real estate company, D3N9, which he began in 2014, ending his profession in the game. He received suggestions in the field from the real estate entrepreneur Don Peebs and former banker Wall Street David Gross, who’s the investment director of his company. Under the umbrella of his company, his portfolio includes hotels, resorts, apartments and residential buildings. Real estate is distributed in Africa, England and the United States and have a total value of $ 125 million.
In the United States D3N9 has multi -family units in Baltimore, houses in Hamptons, Virgin Hotels Las Vegas and a luxurious resort in the Bahamas. His business and bravado led him to earn more cash except sport than lots of his peers who earn most of their income.
After growing up in Brixton, South London, he played his collegial profession at the Duke University before he was elected in the first round of NBA Draft by Phoenix Suns with the seventh selection in 2004. He created the ALL-Star team twice during his profession and was a member of the second NBA team in 2012.
When he retired in 2019, he had 13,361 points, 5,468 rebounds and a couple of,042 assists.
(Tagstranslate) lool deng
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