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4 Black Business Legends Who Paved The Way For The Rest Of Us | 159

4 Black Business Legends Who Paved The Way For The Rest Of Us | 159

Every Black History Month we celebrate our Black athletes, civil rights leaders and artists. But too often we overlook our legacy as Black entrepreneurs, business owners and executives, despite having just as deep a legacy in those areas.

Today, Alfred Edmond Jr. returns to Trailblazers.FM for his third feature and second of what we hope to be an annual episode of Alfred sharing stories of our Black business legends.

Alfred is the Senior Vice President and Executive Editor-at-Large of Black Enterprise.

Some time ago, Alfred brought it to my attention that there's often very little conversation about black legacy in business. That fueled my invitation to him to join me on episode 107 for our first Black business legends episode. That episode has gone on to become one of our most downloaded episodes ever on this podcast.

Here are a few of the people who’ve had an impact on the Black community and Black business, and in many cases changed American business in many ways:

  • Berry Gordy
  • Tom Burrell
  • Comer Cottrell
  • Cathy Hughes

My ask today is that you’d share this episode with your family, friends and others in the Black community. If you're posting to social, please use the hashtags #blackbusinesslegend and #missionfuel Let’s be reminded of those who paved a path for us. It’s on us to keep these business legends top of mind and ensure they are never forgotten.

KEY POINTS FROM ALFRED:

  • Every Black History month we celebrate athletes, civil rights leaders and artists, and they all should be celebrated. But too often we overlook our legacy as entrepreneurs, business owners and executives. We have just as deep a legacy in those areas.
  • Berry Gordy is an icon, not just of Black history but American business and American industry  from fashion to music to film. He founded Motown in 1959. He was the prototype for the likes of Russell Simmons, P. Diddy and other industry recording artists who also expanded in film, fashion and other areas. He’s a living iconic legend.
  • In the world of advertising, we dont always recognize the force that Black-owned ad agencies were in terms of driving Black media, Black business creation and Black imagery and messaging.  Tom Burrell founded his advertising agency in 1971, and built it into one of the most influential ad agencies in general, and one of the number one Black ad agencies.  He’s in the advertising hall of fame and authored the book, “Brainwashed” — a deep study in how advertising messages have shaped the perception of Black Americans for good and for bad.
  • Comer Cottrell founded Proline Corp in 1970 and made his first million in sales 3 years later.  He was one of the first companies to take the jerry curl out of salons and create a kit that people could use at home by themselves.
  • My success doesnt mean much if I’m not using it to leverage broader success in the community as a whole. #BlackExcellence #BlackBizLegend
  • Cathy Hughes was the founder of RadioOne.  She pioneered The Quiet Storm” format on Howard University’s radio station that we now accept as a mainstream element of urban radio.  She built her business from the ground up.  In her own words, “I just kept going until I heard yes!”
  • Black History Month is not just for Black people! These icons are Black history figures because of their impact as representatives of the Black community but also far beyond to other cultures.
  • These trailblazers not only changed how business is done by Black people but how business is done by America.
  • The idea of targeted marketing by segments was pioneered by John Johnson and subsequently Earl Graves, Ed Lewis, Tom Burrell and the Black ad agencies that said, “Black people are not just brown-skinned white people.” 
  • Im not starting from scratch. I’m building something from a blueprint, a pattern, that I can adapt to innovate to make my contribution.

THIS EPISODE WAS SPONSORED BY:

The Campaign for Black Male Achievement. Join, support and invest in this movement to help improve the life outcomes of our black men and boys.

 

DID YOU ENJOY THIS PODCAST?

If you're listening on Apple Podcasts, help us reach more trailblazers like you by leaving us a 5 star review! Ratings, reviews and subscribes are extremely helpful to expanding our reach within the Apple community.

 

Dr Dennis Kimbro: The 7 Laws of Creating Wealth | 158

Dr Dennis Kimbro: The 7 Laws of Creating Wealth | 158

Our featured trailblazer today is Dr. Dennis Kimbro.

He’s spent his entire career interviewing peak performers all over the world, and gleaning the best ideas, strategies and success principles from their words. He’s heard the same things enough times to know that all people who succeed tend to follow the same path and that all people who have not succeeded yet tend to fall into the same pit over and over again.

Dennis Kimbro is a best-selling author of five books, writing partner and master trainer for the prestigious Napoleon Hill Foundation, and is on the faculty at Clark Atlanta University School of Business Administration. He is a recipient of the Dale Carnegie Personal Achievement award.

I need your help right now to share this episode. Someone you know needs to hear today's message.

KEY POINTS FROM DR. KIMBRO:

  • At the counter of success there are no bargains, you must pay the price and you must pay the price in advance and in full.
  • The average individual in our society gets 4 ideas a year.  If you had the guts, the courage, and the fortitude to chase your dream, you might be financially independent. 
  • You get 30,000 days on earth.  Time is not running out, but your life is. What are you going to do with the rest of life that you have left?
  •  There are 10 different forms of wealth
                1. Knowledge.  The pocketbook cant grow until the mind grows.
                2. Work habits.  Do your work.  Go the extra mile.
                3. Money. Multiple streams of income.
                4. Contacts. Networking is a critical skill.
                5. Creativity.  Business is a talent show.
                6. Persistence. The ability to hang on long after others have given up.
                7. Confidence and Charisma.  
                8. Luck.  The harder you work, you luckier you get.
                9. Energy.  High and low, fast and slow.
                10. Choosing the correct vocation.
  • Loving Relationships begins with the love of self.  I love approval but I don’t need it. Those people who love approval and don’t receive it will be immobilized.
  • You already have a job  your job is continuous growth and personal development, being better today than where you were yesterday.
  • The man or woman who wont control his finances won’t control anything else.
  • Nothing positive will ever occur in a community that fails to circulate its dollars.
  • At the rate that were going right now, it will take about 230 years to close the wealth gap.
  • For more than 250 years the quickest way to grow wealth in America was owning, buying and trading your first slave.
  • Because America never atoned for slavery, they had another act, followed by another act, followed by another act. There was slavery, then Jim Crow Laws, the Black Codes, Separate But Not Equal, Reconstruction, Redlining, Subprime Loans, and Mass Incarceration.
  • 27% of African Americans spend more on a weekly basis than what they bring in
  • 40% of African Americans dont have a savings plan
  • Almost 50% of African Americans dont even have a bank account
  • The #1 bank of Black American is Wal-Mart, #2 is the Post Office
  • There are more check cashing facilities in the State of Mississippi than McDonalds Restaurants
  • There are more check cashing facilities in the State of Alabama than Starbucks
  • We need a plan!  A roll-out plan, a national plan on financial literacy, and weve got to start in our Black churches.
  • The average dollar stays in the East Indian Community for 45 days before leaving.
  • The average dollar stays in the East Asian Community for 24 days before leaving.
  • The average dollar stays in the Jewish Community 19 days before leaving.
  • The average dollar stays in the Black Community 6 hours before leaving.
  • The 7 Laws of Wealth
    •  Wealth begins in the mind but ends in the purse.
    • Decide that you will not be poor. A little bit less talk and a little more do.
    • Believe in thyself when no one else will.
    • To thine own self be true; find your unique gifts. Find your area of excellence and pour your whole heart and soul into it.
    • How may I serve thee?  Service is the price you pay for the space you occupy
    • Thou shall own thy own business.
    • Make Thy Money Grow.
  • Three questions to ask in order to find your area of excellence:  
    • What do I love to do?
    • What would I do for free?
    • Ask someone else, “What do you see in me?”
  • An entrepreneur solves problems and serves people.  Solve a small problem, make a little money.  Solve a big problem, make a lot of money.
  • People will make you rich or people will make you poor, depending on your level of service.
  • Q+Q+MA=C.  The Quality of your service + the Quantity of your service + the Mental Attitude in which it was rendered = Compensation.
  • People dont care about you until they realize how much you care about them.
  • Any problem can be solved if enough people care.

THIS EPISODE WAS SPONSORED BY:

The Campaign for Black Male Achievement. Join, support and invest in this movement to help improve the life outcomes of our black men and boys.

ONE ACTION:

Turn inward.  Look at yourself.  You are responsible for you.  The circumstances that surrounds a man or woman's life are not important. It is how that individual responds to those circumstances that is the number one determining factor of whether that individual fails or succeeds.

DID YOU ENJOY THIS PODCAST?

If you're listening on Apple Podcasts, help us reach more trailblazers like you by leaving us a 5 star review! Ratings, reviews and subscribes are extremely helpful to expanding our reach within the Apple community.

 

Jay Morrison: Give The Gift of Legacy | 157

Jay Morrison: Give The Gift of Legacy | 157

Learn key strategies to building wealth and legacy despite an individual's starting point.

Our featured trailblazer today is Jay Morrison.

A successful entrepreneur and business mogul, Jay Morrison is the CEO and founder of several organizations including the historic Tulsa Real Estate Fund, and the Jay Morrison Academy, which was featured on Inc.’s 2018 List of Fastest Growing Companies. Beating the odds after growing up in poverty, dropping out of high school and serving time in prison for drug trafficking, Jay was able to turn his life around by breaking into real estate and becoming one of the industry’s biggest influencers.

Jay is truly on a lifelong mission to bridge the wealth gap and provide accessible education and business opportunities to those who need it most.

I need your help right now to share this episode. Someone you know needs to hear today's message.

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Scott Dunn: How He Transformed His ‘Dream’ into Jamaica’s Largest Music Festival | 149

Scott Dunn: How He Transformed His ‘Dream’ into Jamaica’s Largest Music Festival | 149

Scott is the Managing Director of Dream Entertainment Limited, the company behind Jamaica’s largest and most impactful music festival – Dream Weekend, the country’s biggest Carnival Mas Band – Xodus Carnival and in 2019 will execute the Dream Weekend Cruise – Jamaica’s first owned entire cruise ship charter.

Prior to following his ‘Dream’, Scott spent 11 years as an insurance executive, with Allied Insurance Brokers and Marathon Insurance Brokers in Jamaica and as a Lloyd’s Broker in London.

In April 2012, he transitioned from a non-executive director to Director of Finance at Dream Entertainment and then Managing Director in 2014.

Combined, Dream Weekend and Xodus Carnival contribute billions to Jamaica’s economy each year. Both events are key components in the Jamaica Tourist Board’s schedule of events and Dream Entertainment is the leader in Jamaica’s Entertainment Tourism Industry.

Scott is also the owner of Loans Unlimited – a small microfinance company. He has a Bachelor of Arts (Major – International Studies) from the University of South Florida and a Diploma in Insurance from the Chartered Insurance Institute (London). Scott sits on a number of national committees including Carnival in Jamaica, Reggae Month and Jamrock Summer.

He is married with two lovely daughters.

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Gold Mind: My 3 Step Success Formula | 148

Gold Mind: My 3 Step Success Formula | 148

Today’s episode is going to be short and sweet.

This year was truly successful in so many ways and I want to highlight the 3 things that aided in my success for 2018.

And the first was that I made a DECISION!

1. DECIDE

Despite all the things I had on my plate: a super busy full time job, a young family, two active kids, this podcast, clients who demand more and more time, speaking opportunities, and more… I had a goal to begin my Branding course. It made absolutely no logical sense trying to plan it for this year.

But this branding academy is part of my 10 year Big Hairy Audacious Goals (BHAGS) and I decided it would happen in 2018. Despite all that I mentioned above, I essentially lit my boats a fire by announcing in August that the course was going live in BETA in October.

That decision was the trigger. Once I decided, that was it. All the issues and challenges that the devil threw at me, I just smiled and kept pushing. It was absolutely insane what had to happen to make this a reality though. So don’t think it just came together. There are many many nights I’d wake up with my head buried in my laptop at 2am. Didn’t know when I went to sleep. And just kept going. And here’s the thing. I still don’t think the course is all the way complete. I launched at what I feel is 60-70% of where I envision it going and being, but my students who are applying themselves are geeking and finding tremendous value in that.

I do remember someone saying to me that “Your 10% can be someone else’s 100

So if you’re stalling on your calling, as brother Shawn Dove would often say, it’s time you made your DECISION, get off the fence and just jump in.

People who succeed aren’t lucky. They don’t have more brains, or more opportunity than you. The only difference is that they decided to take action.

People do what they make up their minds to do!

So step one is to DECIDE!!!!

The second step that lead to this year’s successes was that I was highly intentional and deliberate to SERVE others

2. SERVE

Earl Nightingale says:

Our rewards in life will always be in exact proportion to our contribution or service 

The money you are paid by the company you work for, will always be in direct ratio to the need for what you do, your ability to do it, and the degree of difficulty involved in replacing you.

It’s time you stop looking at ways to charge for every last thing you do. I’m sick of seeing people who focus so much on the monetary gain. They lead with the dollar. I’m going to tell you this, not a single morsel of my success of this podcast would have come if I lead with what I could earn.

In fact, I LOVE this podcast so much that I’ve done it for the past 3 years and from the start it was never about what I could earn from it. My sole goal was to SERVE and contribute something I thought the world needed.

What’s that returned? So much more than I could ever have imagined. I’ve had the accolades and features, and I’ve now been heard by 155,000 across 110 countries around the world. This year we got featured on the home page of Apple and I spoke on stages at Podcast Movement and Mid Atlantic Podcast Conference.

There are many of you who have followed my journey and you now know me. You know, like and trust me. You know my family, you know my likes and dislikes and we’ve developed a relationship.

Because of that, I’ve not had to solicit a 2 year sponsorship with CBMA that helped offset the expenses of producing the show.

So I am a living example of Earl Nightingale’s words from 50 or 60 years ago. My rewards on this show are the direct result of my focus to serve you. My focus was and is never on the dollar. It’s to produce the best possible interviews with today’s most successful black professionals. It’s to bring tremendous value by way of the knowledge, resources and tools of today’s most accomplished. That’s been the mission from day 1.

What’s your mission? Who are you serving? 

Get clear on that. If you do that, I promise the money will follow.

The last and most important step in this year’s success foundation was my focus to BUILD A LEGACY.

3. BUILD A LEGACY

Many of you have heard me say in the past that your legacy are the seeds you plant in a garden you will never likely see.

Your legacy are the seeds you plant in a garden you will never see.

What seeds are you planting? 

When you are 65 or 70, what will your life be worth? What will you have accomplished? What will you have left your children and the world? How will the world be better because you were here?

Take some time in this holiday season to answer those questions.

Here’s the amazing beauty in today’s nuggets of wisdom. It doesn’t matter what you’ve been through. It doesn’t matter what your financial situation is today. It doesn’t matter if you’re old or young, married or single, rich or poor.

You can DECIDE, SERVE and take steps to leave a LEGACY.

You’ve got the GOLD (G O L D) all between your ears. You’ve got a GOLD MIND. It’s time to reframe your mindset and begin to get clear on your goals, your mission, your vision for 2019 and beyond. It’s time to reframe your focus to serving others, knowing that your rewards will come when you’ve helped and contributed and served others. And by doing these things, you will leave this world better than when you entered it. You will leave a harvest for the next gen.

Friends, I hope this has been helpful. Much love and have a blessed week.

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