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Some Orlando-area black businesses succeed despite recession
Black businesses, even in the best of
times, have higher rates of failure than white-owned firms. They tend
to be smaller and underfunded with lower sales and less money in
reserve than white-owned business, according to researchers. "A lot of
what you need to do, you needed to do before you got to the recession,"
said Malik Ali, president of the Florida Minority Supplier Development
Council in Orlando. "And that might be tough if you are barely making a
profit or losing money." But there are exceptions. Here are three
minority business owners who are surviving the recession — and how
they're doing it.
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