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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.

 

Denise Harris: How to Get Unstuck and Rediscover Your North Star | 150

Denise Harris: How to Get Unstuck and Rediscover Your North Star | 150

Known as the Corporate Ally, Denise Harris empowers executive women to go from plateau to breakthrough. A dynamic and vibrant speaker, Denise Harris will give you the power to amplify your strengths, strategize to win and emerge as the highest version of yourselves.

Denise is the founder of Denise Harris Executive Coaching & Corporate Consulting, which was created to help leaders and teams increase awareness, envision possibilities, achieve insights, and accomplish meaningful and challenging goals. She incorporates and infuses a passion for authentic leadership into every aspect of her work to help her clients create the space to be centered and intentional in their commitment to growth, day to day choices and interactions with others. Denise is deeply committed to helping others thrive personally and professionally.

Denise creates trust-based partnerships with her clients to increase their success as authentic leaders. She gets to the heart of matters and sees her clients’ inherent strengths. She incorporates mindfulness practices in her work with clients to help them create the space to be more centered and intentional in the face of constant demands. Her strengths include coaching clients in the areas of building organizational relationships and influence, thinking strategically, building personal and professional resilience, and creating balance in demanding roles. She is especially skilled at helping clients to identify and “get unstuck” from long-term patterns of behavior and thinking that do not support their vision of success. Denise uses a pragmatic approach, providing tools, skills training, and unique exercises focused on her clients’ personal and business outcomes. She combines empathy, challenge, accountability and humor to help her clients create solutions that will work in both their professional and everyday life.

Denise is a graduate of Hofstra University.

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Kwame Christian: How to Use Compassionate Curiosity to Find Confidence in Conflict | 144

Kwame Christian: How to Use Compassionate Curiosity to Find Confidence in Conflict | 144

Today's guest is Kwame Christian. Kwame first appeared on the podcast back on episode 39.
Kwame is a business lawyer, an accomplished Ted Talk speaker and founder of the American Negotiation Institute. Kwame hosts a podcast called Negotiate Anything where he shares powerful persuasion techniques.

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Joshua Dubois: Entrepreneurship at the Intersection of Faith, Family, and Politics | 140

Joshua Dubois: Entrepreneurship at the Intersection of Faith, Family, and Politics | 140

Joshua DuBois is one of our country’s top voices on community partnerships, religion in the public square, and issues impacting African Americans.

Joshua led the White House Office of Faith-based and Neighborhood Partnerships in President Obama’s first term and was called the President’s “Pastor-in-Chief” by TIME Magazine.

Joshua is the author of the bestselling book, The President’s Devotional: The Daily Readings that Inspired President Obama, a compilation of the devotional meditations he shared with the President and narratives of faith in public life.

Today, Joshua leads a consulting firm, Values Partnerships, that develops creative engagement campaigns for diverse sectors and audiences, provides strategic advice on complex issues, and markets and produces films and television programs with meaning and value.

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