And the award goes to … – awards available from Black Enterprise

And the award goes to … – awards available from Black Enterprise – Brief Article

Raelyn C. Johnson

Can you and your business win next year’s B.E. Small Business Award?

Each year, the climactic event of the Black Enterprise/Bank of America Entrepreneurs Conference involves the presentation of the BLACK ENTERPRISE Small Business Awards. These awards are given to professionals whose entrepreneurial spirit soars under the wings of free enterprise. These are men and women who need to be the masters of their own destiny and captains of their own fate. This year’s award winners are featured in this issue (see “New Faces, New Places” and its companion piece, “Paving the Way”), but perhaps you, or someone you know, might have what it takes to be featured next year. The next conference will be held May 15 to May 19, 2002, at the Opryland Hotel in Nashville, Tennessee but the deadline for nominations is set for January 15, 2002. That is two months away.

The BE Small Business Awards were created in an effort to recognize outstanding African American entrepreneurs and their companies, spotlighting people whose professional achievements in business serve as a model for success on the economic front for others who are following in their footsteps. BE Small Business Editor, Paula McCoy-Pinderhughes, who offers unlimited amounts of information on how to make your small business a huge success, says, “I find it extremely important that black businesses are recognized and honored for their achievements in the everyday struggle of business ownership. Owners of black companies have to know that they are not alone with the challenges they face each day.” The awards, designed specifically to keep the entrepreneurs’ dream alive, is something BE continues to sponsor, if only because as a black business itself, our company’s top executives and editors know the hardships faced by many of today’s black business owners just to stay afloat in any economy. “Though 31 years into the game, BE can certainly empathize with the daily struggles of acquiring and retaining clients, and maintaining the capital resources to grow an enterprise,” adds McCoy-Pinderhughes.

The BE Small Business Awards are given out in four categories: Business Innovator of the Year, Rising Star Award, Emerging Company of the Year, and Kidpreneurs Award. With the exception of the Kidpreneurs Award, the award’s review board requests an entrepreneur or business owner meet several requirements. Each company must be independently operated, must be at least 5 years old, and must be at least 51% black owned. It must also generate annual revenues of at least $250,000 (but no more than $15 million), show a pattern of increasing revenues for two consecutive years preceding an application or nomination, and have a minimum of three employees. The Kidprenuers Award nominee has similar requirements. Nominees must operate a business that is at least 2 years old, be at least 51% black owned, demonstrate that the company generates a revenue (even if it is not yet profitable), serve as a role model for other young entrepreneurs, and have a comprehensive understanding of, and direct involvement in the daily operations of, the company.

The BLACK ENTERPRISE Small Business Awards are here for the African American business community, which can help a venture make important business contacts, increase a customer base, and, it is hoped, increase revenues. For nomination information, log on to, or call 212-886-6779.

Black Enterprise Unlimited is a division of Earl G. Graves Ltd. dedicated to the creation of products and services designed to meet your business needs. We can be contacted at B.E. Unlimited, 130 Fifth Ave., New York, NY 10011-4399; fax: 212-886-9509; e-mail: BEunlim@black Following is the contact information to help you learn more about the programs and products of B.E. Unlimited:


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For more information on the 2002 Black Enterprise/AXA Advisors Ski Challenge, February 13-18, 2002, at the Vail Cascade Resort in Vail, Colorado, visit our Website at


For more information on the 2002 Entrepreneurs Conference, May 15-19, 2002, at the Opryland Hotel in Nashville Tennessee, call 800-543-6786.

COPYRIGHT 2001 Earl G. Graves Publishing Co., Inc.

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