Black MBA - Summer 2008 - (Page 12)

UP FRONT NOT ENOUGH HOURS IN THE DAY RESULTS IN ‘SLEEPWORK’ A RECENT STUDY of small business owners and managers revealed that 51 percent are “sleepworkers,” meaning that they work even while asleep. The 2nd Annual Staples National Small-Business Survey, developed by Staples Inc. and conducted by Arlington, TX-based Decision Analyst Inc., surveyed more than 300 owners and executives of U.S. businesses, each with less than 20 employees. Of the 51 percent of “sleepworkers,” 70 percent stated that they often wake up after their “work dreams” and put their dreams into action. The survey also found that many U.S. small business owners and managers are working while awake and not at work; 98 percent work during evenings, weekends and vacations. Fifty-four percent predicted that in 2008, they will have to work even harder. Other survey findings include the popularity of the car as a workplace; 72 percent of those surveyed reported regularly making business calls while driving, and 40 percent believe that their best ideas come to them while driving. Many U.S. small business owners and managers admitted to frequently feeling overworked and desperate; 38 percent cannot remember when they RADIO ONE ACQUIRES ONLINE SOCIAL NETWORKING COMPANY R A D I O O N E I N C., a Lantham, MD-based radio broadcasting company that targets African-American and urban listeners, recently acquired Community Connect Inc. (CCI), an online social networking company, for $38 million. CCI, which claims more than 23 million members, owns and publishes the popular ethnic Web sites BlackPlanet.com, MiGente.com and AsianAve.com. Radio One, with 53 radio stations in 16 U.S. urban areas, is the largest African American- and urban-focused radio broadcasting company in the United States. Its acquisition of CCI, which follows its acquisition of the urban magazine GIANT in 2006, marks its efforts to reach a larger African-American audience. GRANT HELPS ANTI-OBESITY PROGRAM FOR AFRICAN AMERICAN GIRLS IN MARCH 27, the BET Foundation was awarded a $240,000 grant from health care company Aetna and its Aetna Foundation, in support of BET Foundation’s Health Education & Active Learning (HEAL) Academy, which focuses on preventing obesity and encouraging healthy lifestyles for African-American girls ranging from ages 10 to 18. The Academy, which BET Foundation will use the grant money to expand, is a nationwide after-school education program that, along with teaching African-American girls how to eat better, engages them in community service projects, coursework and group competitions. Founded in 2003, the BET Foundation is a nonprofit organization dedicated to improving the health of African Americans. – http://biz.yahoo.com/ last went on vacation, and 66 percent said that they never have enough time in their days. Forty-four percent reported that the majority of their time is devoted to customer service, with 84 percent not yet having time to incorporate “new media” (Internet blogs, podcasts, software, etc.) into their businesses. If offered one wish, 58 percent said that they would want to increase business, while only 21 percent wished for more time off. – www.staples.com 12 BlackMBA • Summer 2008 • www.nbmbaa.org http://MiGente.com http://MiGente.com http://AsianAve.com http://AsianAve.com http://www.staples.com http://www.staples.com http://biz.yahoo.com/ http://www.nbmbaa.org http://www.nbmbaa.org

Table of Contents Feed for the Digital Edition of Black MBA - Summer 2008

Black MBA- Summer 2008 Contents Mailbag Up Front From the President & CEO Politics of Change Catalyst for Change: Results of our 2008 Political Poll Know Whose Shoulders You Stand On: The Legacy of H. Naylor Fitzhugh Howard University: Changing With the Times Straight Talk: CEO to CEO Creating Your Own Sandbox Dual Threats Avoiding the Faux Pa Invest in Your MBA Everything You Need to Know About...Estate Planning On Campus Plan Ahead The Big Show What's in a Name? On the Move Market Forecast Jeff Friday Keith Wyche Life Lessons On the Ground Real Biz A Golden Opportunity Entrepreneurial Institute Tech Tools Read for Success Stacey Tisdale Advertiser Index

Black MBA - Summer 2008

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