When my husband and I decided to update our wills and create a full-fledged estate plan, we made a point of seeking out a Black estate-planning attorney in the Houston area.
As entrepreneurs who have run a financial education company for two decades, we’ve long appreciated when our people do business with us, and we are likewise intentional about supporting other Black-owned businesses.
Our estate attorney, Fran Watson, gave us outstanding advice and excellent service, and literally went the extra mile for us — she drove 40 minutes to our house to have us review and sign the final documents.
By becoming more intentional, we boost Black businesses, not just during Black History Month but all year long. As a bonus, we are likelier to plan ahead and comparison shop — two great ways to save money!
Writing this article reminded me that, in addition to thanking her privately, I’d also intended to give Fran her flowers publicly for a job exceptionally well done.
Since I had taken a photo with Fran when she came to my home, I recently posted that picture on my social media accounts, as a way of celebrating and honoring her.
#Doitfortheculture: Make Buying Black routine — and seen
Our community can’t afford to stop actively — and publicly — buying Black and supporting Black entrepreneurs, vendors and merchants in every way possible.
Black business owners already face long odds. Even before the pandemic, federal data showed that the financial health of 58 percent of all Black businesses was classified as “at risk” or “distressed,” and according to CNBC, eight out of 10 Black businesses failed within their first 18 months.
Fortunately, amplifying Black-owned businesses is a process we can all engage in on a regular basis, and it doesn’t have to be time-consuming or complicated.
Just by tweaking our everyday behaviors, we can develop routine habits that meaningfully strengthen the Buy Black movement, including by encouraging support from those outside the community.
By becoming more intentional and focused on our routine habits, we also offer an ongoing boost to Black businesses, not just during Black History Month but all year long. As a bonus, when we learn to shop more consciously, we are likelier to plan ahead and comparison shop — two great ways to save money!
With this in mind, here are six easy approaches for transforming your old habits in new ways that support the collective. Each of these ideas is a new habit that will take only a few seconds to a few minutes to learn.