Entrepreneur News

Michael Jordan’s Steak House opened to the public yesterday (Tuesday) at the InterContinental Chicago on famed Michigan Ave.

The 6,300 square foot restaurant is spread out over a second-floor dining room and a first-floor lobby bar of the hotel. Jordan’s upscale restaurant accommodates about 160 people, plus a couple of 20-seat private spaces. The restaurant also is taking over the hotel’s lobby-level bar space, which will be expanded to hold 90.

The restaurant will be open for lunch and dinner, with lunch entrées ranging from $14-$25 and dinner entrées $25-$45. Prime-aged steaks are $40 and up.

Get an exclusive tour of the restaurant below:

Rapper Rick Ross is adding restaurant owner to his business resume. The Maybach Music CEO is investing his money in a national franchise called Wingstop. Ross plans to open his first location in Memphis in a strip mall on Winchester.

In a recent news release, Wingstop corporate said Ross brings a huge fan base to their concept and brand they hope to grow in Memphis. Ross said, “After tasting Wingstop’s signature lemon pepper-flavored wings in Miami, I knew this was a franchise I wanted to add to my investments.”

Ross will open several other Wingstop locations at some point in the future. Former Dallas Cowboys quarterback Troy Aikman is also a Wingstop franchise owner.

M.C. Hammer stopped by the 2011 Black Enterprise Conference to talk about using using social media (Twitter, Facebook, Myspace) to brand your business.

Hammer, real name Stanley Burrell, also talked about how he used social media to build a huge following to his new Mixed Martial Arts (MMA) business called “Alchemist Management,” a management and “brand-building” firm based out of Los Angeles.

Attorney turned TV personality Star Jones chats with Black Enterprise about her new book, “Satan’s Sisters,” and the importance of entrepreneurship at the 2011 Black Enterprise Entrepreneur Conference.

Watch the interview below: