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How Studying History Shapes Leadership: "I had to learn what a Chamber of Commerce was all about and from the lens of a CEO. And so I studied Booker Tree Washington, who founded the Negro business league in 1900, which ultimately led to 300 some odd business organizations, in essence, chambers across the country."
Viral Topic: The Cost of Partnerships: "I don't think that was worth 80% of our revenue. So that was the first major decision that I made that got people's attention."
Breaking Stereotypes in Business: "I felt that it was important that one, we acknowledge the underperformance and two, create partnerships in the public private sector that we can work in collaboration to mitigate the challenges and introduce our members and black businesses as a value imperative to push back on perceptions that black businesses and or people didn't have the wherewithal to be competitive in the workforce and or with a business enterprise."
Viral Topic: The Importance of Self-Assessment for Business Owners: "you can't be all things to all people and you're definitely not the best at everything and find those folks that could contribute or hitch to your wagon to make it more effective."
Viral Growth of Black Business Organizations: "We looked at the data, we initially mapped out a 25 mile radius for membership and we started to see growth about 32% outside of our defined geographical area. And so when we saw those numbers trending in that direction, we sensed that there was interest outside of our community."
Building Black Business Ecosystems: "Because, Paul, in order to be successful, we had to create an ecosystem to position black businesses to engage corporations and government agencies for a mutually beneficial exchange based on a value imperative. That's how we structured the model and got away from emotion."
Viral Topic: The Real Key to Success
"It's not about who you know, but ultimately who knows you."
Viral Topic: The Real Cost of Getting Capital
"you can get capital, Paul, but if it's not enough capital to execute your plan successfully, you might have been better off not taking the capital. And that was a lesson learned for me."
Viral Topic: Breaking Barriers in Business
"I was being recognized for something that went from a desire to a passion to a purpose. And then, lo and behold, next year, I got the same recognition for the first time. Someone was recognized two years in a row to receive this award, and it was me."
Viral Networking Strategy: "Your strategy should be that you pan out four corners of the room and you all gather notes or cards and then you come back together and then you discuss who you met with and cross pollinate or exchange information."
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