Black Businesswoman Danielle Douglas and Dr. Boyce Talk Business


Danielle Douglas is not your typical businesswoman. She has climbed the corporate ladder, with the full expectation that she would one day build a ladder of her own. As a result, Douglas became the CEO of Inspire Enterprises, a company that provides tools and insights for those looking to create their own businesses. In other words, she is a modern-day Harriet Tubman, leading like-minded Americans off the economic plantations of corporate America.

I spoke with Douglas as part of my commitment to the Black Leadership Summit, hosted by Rev. Al Sharpton. In the meeting, I promised Rev. Sharpton, Ben Jealous and the rest of those in attendance that I would push the members of the Your Black World Coalition to increase the number of revenue streams they have by the end of this year. Most of us don't realize that if you are only getting your money from one source, you have no job security. Even those who are not as bold as Danielle should understand that a solid side hustle is a good way to gain the economic security that you and your family desire.


The recent foreclosure crisis hit black Americans harder than others. Part of the reason for the disproportionate impact is the fact that African American families have less of a cushion of wealth to rely on during tough financial times. According to the Institute for Assets and Social Policy, the wealth gap between white and black Americans increased significantly over the past 25 years. Therefore, finding ways to save, invest and build wealth are critical to our economic future.

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Dr. Boyce Watkins is the founder of the Your Black World Coalition and the author of the new book, 'Black American Money.' To have Dr. Boyce's commentary delivered to your e-mail, please click here.

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