THE MICHIGAN CITIZE
SICKLE CELL HELP - A $28,400 t from Ronald cDonaJd
Children' Charit· CC) to the ational iation of Sickle
Cell D· , Inc. SCD ill be u to d velop program d . -
ed to improve th quality. of life for children with . ckl cell anemia.
ceeptin th chec are po ter children Tetoria Brown (left) nd
. dra Green. Th grant pre nted by cDonald' own r /
oper tor and CC board member Re . Webb (center) to ASCD
e ecutive bo d membe Dr. Ch le hitten, pre . ent; Dorothye
Bo ell, e ecuti e director; and Dr. el n cGhee Jr., board chair-
inancial Des' gns ... a
By Juanit lynch
For the majority f us
"TAX REFORM' i having a
. gnifl can t impact. Ho' ever
how and why, each one of us
is affected, ha to do with our
own unique circumstances. re
you a highly paid exe utive,
do you own a busine s, as well
a or full time for an em­
ployer are you a part of a
partnership legally set up have
you incorpor ted lately do you
provide any form of health
insurance or other benefits to
your employee , ho about real
estate do you own, operate or
is it merely a passive invest­
ment, and hat about your
children, do they work for you,
or are they minors with invest­
ments . . . . . the shocking
truth, is that many people are
even more confu d by the
recent additions and deletions
in the law , than they were at
this same time last year, ye thi
includes many of our lawyer .
account insurance and other
financial repre nt lives.
Part of the problem has
been the tremendous amount
of mis-information being given
by a number of our profes­
sionals" who suggest that they
are well a are of e h and
every la , its provision, and
ho it will affect you.
This oftentimes ithout
m ing any kind of an assess­
ment of you your current,
past or future fman ial bli­
gati ns your marital status or
other factors that might im­
pact on giving a prudent and
ccurate respon t your
inquiry ... There are no quick
answers however, li e most new
TAX REFORM A TS there are
a number of opportunities that
the average per n can take
advantage of if you have the
initiative, foresight, and proper
guidance by one or more
individuals familiar with the
la s willing to map out tho
ore
oney is the answer, now what's the question?
By Robert . T ylor
The single greatest impedi­
ment to Bl ck wealth build­
ing in America is the inability
to r i bu ine t rt-up and
expansion capital. In other
word almo t regardl ss of the
question, the n ed for more
money is at le st part of the
an er.
Blac wealth builders
potential and current) should
alw ys keep that notion fore­
most in mind. The reason is
that there is a present-day
school of thought which argues
th t the failure of Blacks to
get a b igger p ieee of America's
economic pie relates moreso
to such factors as a lac of
business experience; failure to
organize in Black communi tie
DE �S FRA CIS
o ce (313) 967-1397
low levels of motiv tion: etc.
ow, don't mi understand
me. The above factors do
play a role but in virtually
every instance they play
condary role. The primary
reason Blacks account for 12%
of the. total U.S. population
but less than 1% of total
business revenue is becau
we have been unable to raise
the typ of money needed
to start new busine s or to
expand exist' g ones.
The most critical question
facing us is "from where does
the money come to start the
wealth building process?"
In this week's column we
have a few suggestions:
o. I - BL CK BUSI-
ESS FI C G CO FER-
E CES should be sponsored
in all major citie. The
day long conference h ve two
rnaior purpose: a To intr -
due Blac bu iness per ns
t traditional urce of
financial investment. Thus
among the ey pre nters in­
vited to these conference
should be bank loan offi er .
venture capitalist, toe bro -
ers etc. and b) The con­
ferences should invite ordinary
Black who may have a few
hundred dollars to invest. The
aim here is to give Blacks
with potentially profitable
bu iness ideas the opportunity
to meet and discuss tho
ideas with potential Black
Investors.
Blac Business Financing
Conferences can be profit­
makers for the sponsors be­
cau becau a lot of small
and potential Black busine
people would pay a reasonable
fee to have all in one place
the type of information and
potential investors that such a
conference would offer.
o 2 - BL C WE LTH
BUILD G CLUBS need to be
formed in die throughout the
nation. The primary im of
uch clubs is to rai money
by spon ri various money­
m ing act Ivities and events.
The simple face of the matter
is that traditional urces of
financing will not meet all our
needs.
e have written often about
our Black wealth building club
in Hartford, Connecticut
which rai .. d the money in
just four months to buy
major restaurant in a predomi­
nantly hite section of to n.
e have also m ntion the
Blac wealth builder in Bos­
ton who true a party which
attracted 2 000 p ople paying
15 each. In other word s
she raised 30 000 in one
night.
Blac wealth building clubs
are money raising vehicles and
they should be formed
immediately. For a guide n
how to form such clubs send
5.95 to La -Tay Inc. P.O.
Bo 54041 Washington, D
0032.
open et er
advant ge n a rea nably
priced b sis.
Here are a fe tips to follo :
1 TALK to meone you
re p ct and find to be credible,
don't be embara sed to a
ho they may be using.
2 que lion of the
dvi r be aggres ive
P n tes on what is
aid verb all y .
4 Ell IT veral refer-
ence with similar needs
5 C HOO E your 0 n
fr m the list and all them!
6 ELP your If. tudy,
read and listen to others in th
finan ial. rvi es field.
7 A L A be firm in
Q IR a written
prop sal, for all cost.
9 G IV the information
needed for the professional to
do the mn�t accurate and help­
ful servi e. n't let them
find out what is needed to help
you by a cident. This usually
cost the per n more tim,
and you more m ney.
10 E RG ith ne
n f confiden e th 1 you
are on the way t bet ter con­
trol of your own de tiny and
that you are n w .
Reprinted. C urtes of Merit
Publi at' n , Ltd.
o. 3 -
TIO L
ESS FI
FERE CE in ashingt n,
n October 10. The theme
of thi one-day g thering is
"H To Rai The Money
T Start Or pand A
Bla
ncy
J. LV CH
& ASSOCIATES
In urance Planner and Bu iness Con ultant
e provide prompt profe sional service
Mar eting
ale As istance
Retirement Planning
* Endowment Funding
Financial Plans
Employee Benefits
Can 0 !! - 963-8777
Suite 2205 C dillac Tower Building
Detroit, Michig n 48226
JUA ITA LYNCH President
"We're Here To Serve All Your Real Estate Needs" I
• R . d n I pprai •
• Commercial Renta •
• In tm nt •
FAST & PROFESSIONAL SERVICE
CALL 926-7271
am St.
The Black Wealth Building Guide
If YOb desire financial Independence and a ore re vardinq
life, the Blac ealth Guid IS for yo' T ,e GUIde de ails.
* How To Establish a Workabl Fir-artcral Pan
* The Six Best Ways 0 RaiSing Money Ouic Iy
* Ho To Re air A Negative Credit Rating
* Investment Opportunities For Blac s
Enhancing Your Income WI! A Part-Time BUSiness
.. And much more
Send for the Guide today' It's only $19.95 wrue to Law­
ay, Inc., P.O. Box 54041, Washington. D.C., 20032