Ever Wanted To Get Into The Beauty Supply Business? Conference To Support Black Entrepreneurs

June 26th, 2012 - By Charlotte Young

atoast2wealth.com

Get ready beauty supply store professionals. If you haven’t heard already, the annual Beauty Supply Entrepreneurship Summer Conference is coming up soon in Atlanta, Georgia on August 4, 2012.

The Beauty Supply Institute was founded in 2007 as Taking It Back University. It was founded by Devin Robinson, who realized he needed to establish his own business after he was threatened by one Korean store owner wielding a golf club. Not only has the company produced the best-selling book, “Taking it Back: How to Become Successful Black Beauty Supply Store Owner,” it also helps African Americans start their own beauty supply stores. To assist participants, the company offers about 20 courses, business plan development and location selection services. Each year it trains hundreds of individuals in different methods and strategies to break into the $15 billion beauty supply store industry, which although heavily patronized by the black community, consists on only about 3 percent of black ownership.

“We’ve opened stores with as little as $35,000,” Ulysses McLea, the Beauty Supply Institute Field Operations Manager said in a press statement. “Myths out there would lead Blacks to believe they need $100,000 or more. You can open a fully functioning store with this amount and be widely successful. Since working with BSI for the past 3 years, I’ve witnessed firsthand the magic our approach produces. I get the most joy when I hand the keys over to new owners and witness their appreciation and excitement about being new owners!”

Currently, of the about $13,300 beauty supply stores nationwide, about 400 are black-owned.

Maggie Anderson, co-author of “Our Black Year” and a strong black business supporter, is working in conjunction with Robinson to increase black business support. She will also act as the opening speaker for this year’s conference.

More on Madame Noire Business!

Tags:

, , ,
More from StyleBlazer
More from MommyNoire

Comment Disclaimer

Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN

  • Pingback: Beauty Supply Stores

  • mdeborah827

    I wish I had the money to come to this conference. If I win it or a nice blessing comes along I’ll be there! I keep holding out hope.

  • juliaaa

    I have always wondered what the percentage is in terms of black ownership with black beauty stores and to state the obvious I am disappointed, 3%? I find it irk-some that I walk into these establishments to only see Koreans standing by the till counting their cash, while black women deal with restocking shelves and dealing with customers. I can only hope that this conference will be an aide to the black community with taking back what notably is black products …

  • Msmykimoto2u

    I think its absolutely ridiculous that we cannot own what we buy. How did we let this happen? Why arent more black people fighting for their rights to be store owners not just the apply-the-wigs-behind-the-counter-after-the-customer-picks-them-out-people. Its time more of us took a piece of this billion dollar industry pie