- 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. It’s not who you know, it’s what you know about who you know. People don’t care about you until they realize how much you care about them. It’s not all one sided.”