- Build your business network.
Dennis P. Kimbro, the Clark Atlanta University business school that conducted a seven-year study on millionaires, said the No. 1 stumbling block for Black entrepreneur is not money since two-thirds of the 1.3 million African American concerns borrow less that $10,000 dollars. The problem, he asserted, is “the team building stage, finding like-minded individuals who will give your dream wings.” Solving that equation comes, in part, through solid management. The other aspect is building a solid business network. Our opening keynote speaker framed a primary objective of conferee when he said: “The reason why you got up at 6:00 and showered to get here at 7:00 to make sure that you listened to the speaker at 8:00 is to meet the individual in front of you, the individual behind you, the individual to your left and right. Networking is a critical skill. Itâ€™s not who you know, itâ€™s what you know about who you know. People donâ€™t care about you until they realize how much you care about them. Itâ€™s not all one sided.”