Tag: black entrepreneurs

BUSINESS: Five Books for Your Career-Building ‘Must-Read List’ in 2018

woman reading book
(Image: iStock/BraunS via blackenterprise.com)

by Karima Mariama-Arthur, Esq. via blackenterprise.com

No doubt you are planning an extraordinary New Year brimming with all of the critical preparation necessary to enrich your mind, body, and spirit. As you streamline your focus and work to enrich your mind, consider the following “hot topic” books as you build out your career success library for 2018:

Lifestorming: Creating Meaning and Achievement in your Career and Life
by Alan Weiss and Marshall Goldsmith

Brief summary: A practical handbook for re-envisioning and redesigning every facet of your life. The authors provide extraordinary access into the thinking and behavior that can help you to achieve uncommon success with newfound confidence. The book’s format provides ample opportunities to delve deeply into your own psyche and do the necessary work through practical exercises focused on a concrete result.

Why you should read it:  No matter the successes you’ve achieved in the past, there is always room for learning and growth. Lifestorming provides the context for igniting new possibilities and helps you remove roadblocks to success in every area of your life. It places readers in the driver’s seat and provides the tools needed to transform your life from the inside out.

Tools of the Titans: The Tactics, Routines, And Habits of Billionaires, Icons and World-Class Performers
by Tim Ferris

Brief summary: Tim Ferris has compiled more than 200 interviews from world-class performers in this compelling, not-so-little handbook. The interviews contain insights from guests ranging from revered thought leaders to well-known celebrities, athletes and more whose insights provide new ways of examining familiar challenges that we all face, plus the tools to find resolve.

Why you should read it: The book contains great stories, insights, and insider tips that can help anyone become more thoughtful about how they approach life, as well as embrace success at new levels. The anecdotes are compelling and provide the reader with the courage to look beyond challenges and find meaningful ways to apply the wisdom contained throughout. Continue reading “BUSINESS: Five Books for Your Career-Building ‘Must-Read List’ in 2018”

1st Ever Detroit Startup Week Helps Black Business Entrepreneurs and Hopefuls

The first annual Detroit Startup Week, powered by Chase, kicked off in May featuring over 100 events with some 2,500 participants attending free activities over the course of five days. Detroit’s inaugural Startup Week is expected to be largest first-year event in the global brand’s six-year history.

Ten learning tracks will be offered to entrepreneurs at all levels: technology, entrepreneurship 101, mobility, music, food-preneurship, art+design, civic innovation, neighborhood collaboration, social entrepreneurship, and the Internet of Things (IoT).

“Our city is unlike any other, with both ingenuity and a welcoming spirit, brilliance and grit, and opportunities abound. Detroit Startup Week is designed to glue together those opportunities, celebrate what’s already working, and lay the groundwork for what’s to come,” notes Kyle Bazzy, lead organizer.

“Entrepreneurs are playing an invaluable role in Detroit’s comeback,” adds Jennifer Piepszak, CEO of Chase Business Banking, whose firm has committed $100 million over five years to Detroit’s economic recovery. “Detroit Startup Week is a great opportunity to recognize small businesses’ importance to the city’s recovery and to ensure they gain access to the necessary resources to support and grow.”

To read more, go to: http://www.blackenterprise.com/small-business/first-ever-detroit-startup-week-helps-black-business-hopefuls/

“Shark Tank” on ABC Teams up with Value Partnerships to Seek Entrepreneurs of Color

“Shark Tank” on ABC (photo via black enterprise.com)

article by Carolyn M. Brown via blackenterprise.com

Now in its 7th season, ABC’s Shark Tank has empowered entrepreneurs to strike deals worth over $70 million.

Since the beginning, black entrepreneurs have shined. Mr. Tod’s Pie Factory struck a deal with Barbara Corcoran and Daymond John on episode 1 with a near $1M valuation.

In Season 7, entrepreneurs like Sarah Ribner of Piper Wai, and Ben Young and Gregory Coleman of Nexercise, continue to inspire on Friday nights.  Nexercise’s $18.7M valuation is the largest to date on Shark Tank.

Joshua DuBois and Brandon Andrews of Values Partnerships are working to ensure the voices pitching on ABC’s Shark Tank reflect the diversity of audiences watching. With the support of producer Mark Burnett, Values Partnerships – a Washington, D.C., based firm engaging faith-based and diverse communities worldwide – leads a nationwide casting tour focused on bringing more diverse ideas and voices to the show, and supporting entrepreneurship nationwide.

“ABC’s Shark Tank and its producer Mark Burnett are committed to supporting entrepreneurs from every community in the nation. The power of seeing someone who looks like you successfully pitch a business on the show cannot be understated,” says DuBois.

In 2015, Values Partnerships held 11 casting events in 6 cities. Several entrepreneurs, including Sprëtz  and Piper Wai pitched at Values Partnerships events and were selected for Season 7 of Shark Tank. The 2016 tour kicks off this week in Miami (March 4).

Events are planned in other cities, including Austin, Texas; NYC; Washington, D.C; Detroit, Michigan; New Orleans, Louisiana; Cincinnati, Ohio; and San Francisco/Oakland.

Continue reading ““Shark Tank” on ABC Teams up with Value Partnerships to Seek Entrepreneurs of Color”

TRAVEL: La Maison in Midtown, a Black-Owned Bed and Breakfast in Houston, Beckons Vacationers

BE _LaMaison_logoHouston is a destination hotspot, to say the least. From the burgeoning culinary scene, to the thriving nightlife, to the city’s main attractions, it’s increasingly becoming one of the top cities to visit in the United States. So much so, that Houston is already setting the stage to host more than 200,000 fans for the 51st edition of the Super Bowl in early 2017 at NRG Stadium, which is also the home of the NFL’s Texans.

The most important decision when planning your visit to Houston (or any city, in fact) is deciding where to lay your head every night. And while hotels are typically the first thought when making accommodations, bed and breakfasts (B&Bs) have been growing in popularity for a number of reasons — namely, cost, comfort, and the family-style environment. These mini-residences combine the chic style of hotels with private rooms and a home-cooked meal.

For those unfamiliar, there are more than 30,000 bed and breakfast establishments in the country, but sadly only about 1% are black-owned. Don’t get it twisted, however — just because the numbers are lacking doesn’t mean that these options aren’t some of the most luxurious, five-star accommodations that you will come across.

Lodging in one of the few, but hailed, African American–owned bed and breakfasts would ensure coverage of all your vacation needs — especially if you’re staying at La Maison in Midtown. Dispelling the notion that “sisters” can’t support and grow with each other, Houston attorney Genora Boykins and her business partner Sharon Owens are the epitome of brilliant, boss women. And they are also the founders of La Maison in Midtown.

La Maison owners Genora Boykins and Sharon Owens (photo via theempowermag.com)
La Maison In Midtown founders Genora Boykins and Sharon Owens (photo via theempowermag.com)

Inspired by the architecture of New Orleans, the three-story B&B features seven unique and well-appointed guest rooms (all accessible via elevator) that offer amenities like whirlpool tubs, walk-in showers, flat-screen TVs, bathrobes, Wi-Fi, and great views of the downtown skyline. As soon as you walk through the doors, you will understand the “wow” factor of staying at La Maison.

As you continue on your tour, if you head to the second level, there’s also a 310-square-foot conference room available for private business meetings. Downstairs, a parlor, living room, and dining room area lends to the property’s cozy, at-home vibe and plays host to a daily, Southern-style breakfast.

Building your own B&B is no easy feat. Though the property was built in 1999, it was not opened until 2010. Genora Boykins shared, “For the most part, it was about trying to wait until the area was very well developed, and also just figuring out the bed and breakfast industry, since neither of us had that previous experience. We knew exactly what we wanted to do, however.”

“We were very intentional when we created the B&B [La Maison] and the concept that we were trying to achieve. We wanted it to be a place where people would feel very comfortable and cozy, but also wanted the rooms to have a hotel feel, because that’s what people typically don’t like about B&Bs. We wanted to have the same amenities that you would find at a hotel, so that you are able to find the best of both worlds.”

Continue reading “TRAVEL: La Maison in Midtown, a Black-Owned Bed and Breakfast in Houston, Beckons Vacationers”

Five Savvy Books by Successful African-American Entrepreneurs

Successful entrepreneurs understand that the way to success is to be a lifelong learner. From staying abreast on latest trends to reading up on tried-and-true strategy, leaders win by seeking knowledge.  Here are five books that will help any entrepreneur do just that:

The Man From Essence by Edward Lewis

Written by Edward Lewis, co-founder of Essence magazine, this book tells the story of how he started his company with three partners, eventually reaching and impacting millions of people with a landmark publication for women of color. He became the last man standing by the time it was sold to Time, Inc. Lewis details the motivation behind his drive to succeed, her personal triumphs and challenges and insights on management, startup strategy and perseverance through the ups and downs of the publishing world.

How to Succeed in Business Without Being White: Straight Talk on Making it in America by Earl G. Graves

In a society where white men dominate the top seats at major corporations, this book serves as motivation and mentorship for African-American innovators. Being one of the most prolific executives in business, Graves tells us his own story of how he  became a multimillionaire, the director of several of America’s Fortune 500 corporations, a philanthropist and entrepreneur, how he built the legacy of Black Enterprise. The business icon touts: “Economic power is the key to success in a capitalistic society.”

Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire By Reginald F. Lewis

Lewis’ first successful venture was his $22.5 million-leveraged buyout of McCall Pattern Co., where he sold it for $65 million in 1987, and made an astounding 90 to 1 return on his original investment. He re-branded the corporation as TLC Beatrice International Inc. As the CEO and chairman, Lewis increased the company’s worth in rapid time,an with revenues of $1.5 billion, TLC Beatrice made it to the Fortune 500. It was also the first company on the Black Enterprise List of Top 100 African-American owned businesses. This book details how all of this happened and will inspire many bosses for generations to come.

Success Never Smelled So Sweet: How I Followed My Nose and Found My Passion by Lisa Price

Lisa Price, founder of Carol’s Daughter, tells the story of her life, starting from the beginning with her childhood days in Brooklyn, N.Y., to the moment her business was created and how it bloomed. The innovator provides motivating and enticing stories and explains how she went from bankruptcy to grossing over $2 million yearly while working from home. Price believes that life will guide each and every one of us until we realize our own inner truth, regardless of the challenges we faced to reach to our destination. She also shares with us advice her mother gave her and recipes for her best-selling products.

Black Titan: A.G. Gaston and the Making of A Black American Millionaire by Carol Jenkins and Elizabeth Gardner Hines

A.G. Gaston was the grandson of slaves and was born penniless. At his death, he was worth more than $130 million and helmed several businesses. This is the story of his life through the eyes of his niece and grandniece. Gaston was determined to make a difference for African Americans during the time of slavery. When he passed away in 1996, he was one of the richest men in America. Black Titan is the story of a man who changed the future for all black businesspeople in our country.

article by Cristie Leondis via blackenterprise.com

BUSINESS: 20 Black Angels Worth Knowing For Minority Startups

FUBU Founder and "Shark Tank" Investor Daymond John
FUBU Founder and “Shark Tank” Investor Daymond John

Daymond John helped revolutionize urban fashion in the 1990s as founder, president, and CEO of FUBU (“For Us, By Us”). He guided the iconic brand into a multimillion-dollar business, placing it at the same table with such designer sportswear labels as Donna Karan New York and Tommy Hilfiger.

These days, John is known for being a “shark” on the hit reality series “Shark Tank”. Every Friday night, some seven million viewers tune in to the ABC show that features a panel of investors, or “sharks,” that consider offers from aspiring entrepreneurs seeking capital. John, a member of the cast since the show’s premiere in 2009, along with four other prominent chief executives listens to business pitches (a contestant’s one-hour pitch is edited down to a 10-minute segment) from everyday people hoping to take their company or product to new heights. Using their own money, the sharks have invested more than $20 million, having completed more than 30 deals with an average valuation of $250,000. John is the show’s second leading investor.

Studies show that African American-owned firms are less likely to receive angel investment. In the first half of 2013, only 8.5% of startups pitching to angels were minority-owned; 16% were women-led, according to a report by the Center for Venture Research at the University of New Hampshire. Only 15% of those minority-owned businesses successfully got funded, while 24% of the female entrepreneurs received angel investments. Moreover, ethnic minorities account for less than 5% of the angel population.

Continue reading “BUSINESS: 20 Black Angels Worth Knowing For Minority Startups”

ABC’s “Shark Tank” Wants Black Businesses; Hires Rodney Sampson to Increase Diversity

The Shart Tank CastThousands of minority- and women-owned entrepreneurs will have the chance to audition to appear on ABC’s reality show Shark Tank, providing them an opportunity to gain much needed capital for growing their businesses. Casting directors will hold an open call on Friday, August 23, in Washington, DC during the Kingonomics Innovation, Entrepreneurship and Investment Conference. The event’s organizer, Rodney Sampson, recently signed on with Shark Tank Executive Producer Mark Burnett as executive in charge of diversity and outreach at One Three Media, a joint media and production venture between Burnett and the Hearst Corporation.

Kingonomics is the title of Sampson’s book, which is an interpretation of Dr. Martin Luther King Jr.’s economic vision for jobs and financial freedom for all Americans; through his lens as a serial entrepreneur and accredited investor primarily in technology and new media. The Kingonomics Conference, done in collaboration with the SCLC Poverty Institute, will bring together experts in capital raising strategies including crowdfunding, angel investment, and venture capital. The daylong forum and Shark Tank casting call also coincides with activities on Capitol Hill surrounding the 50th Anniversary celebration of the historic March On Washington for Jobs and Freedom.

Now in its fifth season, Shark Tank is a competition reality-based television series that features a panel of self-made multimillionaire and billionaire entrepreneurs/judges who consider offers from aspiring entrepreneurs seeking investment capital for their businesses or products. The Emmy Award-nominated series features investor billionaire Mark Cuban, owner of the Dallas Mavericks; business mogul and brand expert Daymond John, founder of FUBU clothing line; inventor and “Queen of QVC” Lori Griener; real estate mogul Barbara Corcocran; technology innovator Robert Herjavec; and, venture capitalist Kevin O’Leary.

Sampson was tapped personally by Burnett (Survivor, Celebrity Apprentice, The Voice) to spearhead his television production company’s diversity efforts. The two had worked together on the hit television miniseries The Bible; the 10-hour drama that ran on the History Channel in March 2013. Burnett and his wife Roma Downey scripted and produced the show. Sampson served on the show’s advisory board in a diversity and inclusion role to insure conversations around people of color were authentic.

Burnett sought Sampson’s assistance when he learned the ratings for the Shark Tank revealed a larger African American and female audience on Friday night at 8 pm ET.

“The challenge he said is that most of the companies that pitch are white males,” recalls Sampson. “He decided that he wanted diversity and inclusion to be intentional not just on Shark Tank or one show but all of his properties. That is what led to me becoming the first head of diversity and inclusion inside of the organization.”

Sampson is charged with identifying and attracting a more diverse pool of inventors and entrepreneurs.  “Our goal is for at least 20% of the companies that pitch on the show to be minorities.”

The Shark Tank open casting call is a great forum he says especially given that access to capital remains the most important factor limiting the launch, expansion or growth of minority-owned businesses. Moreover, less than 3% of venture capital is invested in women owned and operated enterprises; less than 1% goes to African-American run businesses.

article by Carolyn M. Brown via blackenterprise.com