Cf)e Cljarlotte
THURSDAY, FEBRUARY 1, 1996
STRICTLY BUSINESS
Your faith and
your finances
CHARLES ROSS
Your
Personal
Finance
Many churches are offering
a variety of support groups,
programs and seminars to
their members to help cope in
a complex society. One topic
that is becoming popular is
personal finance.
Congregations around the
country are teaching biblically
based principles to money
management.
The Bible has hundreds of
verses that deal with handling
money. Subjects covered
include debt, investing, bud
gets, insurance, charitable
giving and teaching children
wise money management
skills.
Many people are turning to
the scriptures out of frustra
tion of seeing their own
finances impacted during
challenging times. They are
looking for sound advice that
is divinely inspired.
Debt
One subject that is covered
very well is - debt. There are
many warnings about the mis
use of debt. The bible never
mentions that it is wrong or
sinful to use debt, but cau
tions that debt is a kind of
slavery and that being overex
tended without a means for
repayment can mean the loss
of your possessions and more
importantly your reputation.
One clear direction is given
and that is if you borrow
money - it must be repaid. The
biblical financial advice
shared is bankruptcy is not an
alternative to working out a
plan with your creditors.
Investing
Saving and investing always
seems to be an area of much
concern for many people.
There is, of course, the encour
agement to save money on a
regular basis, but there is also
a recommended amount we
should save - 20 percent! This
;s revealed in the book of
Genesis.
One basic advice from scrip
ture deals with diversification,
spreading your money among
different types of investments
since you never know which
investment will prove prof
itable. The bible also warns
against investing in specula
tive, get rich-quick schemes
and that it's wiser to put your
money in investments you are
familiar with.
Charitable giving
As far back as Sunday
School you probably remem
ber the verse: it is better to
give than to receive. In the
biblical sense, giving is recog
nized as an admission that
there is a higher authority
that governs the universe.
Giving to support the work of
the church and those who are
less fortunate is an acknowl
edgment of that divine influ
ence.
In addition, when we give,
we in turn receive a blessing
equal to or greater than our
gift. Stewardship over our
See FAITH page 7A
Cl A A brings
home bacon
Tournament proves to be true revenue
winner, out-earns the Final Four
By Herbert L. White
THE CHARLOTTE POST
m
CIAA basketball is fast and furious and the annual tournament draws thousands for three days of
games, entertainment and shopping. Conference Is planning to give tournament visitors more of
what they want outside Winston-Salem's Lawrence Joel Coliseum.
T he CIAA basketbEill tournament is one of the nation’s
top sports events.
It also can be a prime business opportunity, which is
why organizers are literally expanding their tent to
attract more vendors.
The CIAA Budweiser Vendor Pavilion will be a part of
the 51st annual tournament Feb. 28-March 2 at Lawrence Joel
Coliseum in Winston-Salem. The CIAA is the nation’s third-
biggest basketball tournament, behind the Atlantic Coast
Conference and Big East Conference. Last year’s pavilion was a
popular attraction with fans, who flocked to the booths where
vendors sold everything from Greek paraphemelia to replicas of
Negro League Baseball apparel. Patron reaction to the pavilion
was so good, organizers decided to make more space available for
vendors and fans.
“The main reason we’re doing it is because it was extremely suc
cessful last year,” said Mutter Evans, chair of Winston-Salem’s
CIAA public relations committee. “It was kind of hard to walk in
and not come out with something.”
To accommodate more vendors and shoppers, the pavilion facility
will be expanded to 30,000 square feet, a 50 percent increase over
1995. A concession area/gathering place includes television moni
tors to bring the games to fans as well as amenities ranging from
telephones to rest rooms. The pavilion’s success in its first year
adjacent to the coliseum opened the door to more requests from
vendors to sell their goods.
“Any time something is successful, not only is there more publici
ty, but vendors go back and tell their vendor friends about it,”
Evans said. “We wanted to be prepared for a larger response.”
Each vending area measures 10 feet by 10 feet. The fee for non
apparel vendors is $900 and $950 for apparel peddlers. For an
application and rules on using booth space, call Lawrence Joel
Coliseum at (910) 725-5635 or fax inquiries to (910) 727-2922.
See CIAA page 8A
Women-owned businesses at all time high
Sole Proprietorships, Partnerships
and Subchapter S Corporations
Employees
I 2.145,482
I 1.850,074
1&4.S42 1
Wholesale trade
H 385,814
163.695 1
Const fuckon
H 371,788
I2’e02 1^1
Finance, insurance and real estate
H 295.871
141,623 1
Transportation and public utilliles
1 290.061
62,526 1
AgncuRural services, loresiry and fishing
1 69,542
37.205 1
Mining
1 30,563
282.358 1
Not dassilied
1 9,386
"C" Corporations
tnduslnes
Manu'aciuring
Retail Trade
'.Viioiesaie trade
Finance, insurance and real estate
Transpodalion and public utilities
Construct on 37
Noictasst ed | 68,&68
6.006 I Agricultural services, brosiry and lisnmg j 37,129
3,636 I Mviir^g j 36,449
Employees
1,827,291
I i.502.969
I 1,129.049
S.146 I
SOURCE:US DEPT, COMMERCE, BUREAU OF THE CENSUS
Employed more than 13 million people
with revenues of $1.6 trillion
By Herbert L. White
THE CHARLOTTE POST
The number of women-
owned businesses in the U.S.
reached 6.4 million in 1992,
according to the Census
Bureau. They represent one-
third of all domestic firms and
40 percent of all retail and
service firms, generated $1.6
trillion in revenues and
employed 13.2 million people.
About 19 percent of women-
owned businesses had paid
employees, averaging 10.6
employees and $1.2 million in
receipts per firm.
"These findings confirm that
women-owned businesses are
substantial and growing con
tributor to the nation's econo
my, particularly in terms of
job creation."
Nearly 520,000 of businesses
owned by women were "C" cor
porations covered by the
Census survey for the first
time. They include all tjfpes of
corporations except subchap
ter S corporations and tend to
be larger businesses ranging
from mining and manufactur
ing to retail trade. C corpora
tions generated $932 billion in
revenues, almost 60 percent of
all women-owned business
revenues.
Most American businesses
headed by women were ser
vice industries, with 3.1 mil
lion firms. Retail trade compa
nies numbered 1.093 million
and 152,346 were manufactur
ing firms.
Women headed 5.9 million
sole proprietorships, partner
ships and subchapter S corpo
rations, which have no more
than 35 shareholders and are
not taxed as corporations.
Non-C businesses generated
almost $643 billion in rev
enues; included 818,000
employer firms with 6.3 mil
lion employees and payrolls
totaling nearly $105 billion.
Census surveys show that
the growth rate of women-
owned firms exceeded the
average in "non-traditional"
business sectors, including
construction (over 50 percent)
and wholesale trade (up over
85 percent). Their receipts
more than doubled from a
total of $278 million in 1987
and the number of companies
with 100 or more employees
increased by 130 percent, to
more than 6,660 businesses in
1992.
Data were collected as part
of the government's 1992
Economic Census from a large
sample of non-farm businesses
filing tax returns as sole pro
prietors, partnerships of cor
porations with receipts of
$500 or more in 1992.
BUSINESS TO BUSINESS