Berry Gordy Jr.
Former Chairman, Motown Industries
On the importance of focus:
Our general philosophy is just to make a better product. It has to do with our general reputation in doing business and with understanding ourselves and our motives, and understanding other people and their motives. We try to avoid pettiness of any kind. We try to avoid sidetracking. And we have balls enough to believe in our convictions and try to get results.
Earl G. Graves Sr.
Chairman & Publisher, Black Enterprise
On gaining access:
Because they live, work, and play together, white businesspeople generally aren’t forced to use their ingenuity as much as we are. Most of them don’t have to storm the castle. If I want to get to the CEO of a company and I can’t do it by going in the front door, I’ll sit down and examine the individual. What corporate or charitable boards does the CEO sit on? Whom do I know that may get me inside?
Don Barden
Late Chairman & CEO, Barden Cos.
On business investment:
I have learned to look for businesses that make money while I sleep. I like to acquire any business that doesn’t require an exorbitant amount of time and capital to turn it around. Yet, I want to be able to expand the core business. So own businesses that don’t require 100% of your attention and time so you’re always available to spot and pursue your next opportunity.
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