By Wendy Harris, Wendy Beech
Study and be encouraged through the attention-grabbing real tales in the back of 10 best lighting fixtures in black company this present day . . . whereas she won’t proportion the formulation for her world-renowned scorching sauces, Vivian Gibson, CEO of The MillCreek corporation, is joyful to impart her recipe for remodeling a fondness for cooking right into a multimillion-dollar company. He went from sound asleep in crucial Park to heading a massive movie creation and syndication corporation. Get the main points on how Frank Mercado-Valdes’s love of vintage black motion pictures resulted in the production of the African background community. At in basic terms 34 years outdated, Alonzo Washington is head of his personal comedian booklet publishing empire. learn how this dedicated political activist used his genius for cartooning to advertise minority motives and make a fortune doing it. observe the compelling real tales of the way those and 7 different African-American women and men beat the percentages to develop into a few of today’s such a lot profitable black entrepreneurs.In a chain of intimate profiles, journalist/author Wendy Harris info the trails they traveled, the hindrances they overcame, and the $64000 classes they realized alongside the best way approximately what it takes to achieve company.
Read or Download Against All Odds: Ten Entrepreneurs Who Followed Their Hearts and Found Success (Black Enterprise Series) PDF
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Extra info for Against All Odds: Ten Entrepreneurs Who Followed Their Hearts and Found Success (Black Enterprise Series)
In my mind, I was saying, “Yeah right. ” So I just blew it of f. Well, that night, he called me and told me that he was in. Originally, I asked him for a $50,000 investment. qxd 10/3/00 9:04 AM Page 35 Ef f ie Booker: Cabana Car Wash 35 involved with owning a car wash. ” In 1993, Dr. Morency, now 50, became an equal partner in the business venture. However, the combined $100,000 personal investment he and Booker made, plus the $100,000 loan from the landowners, was not enough. The partners still needed to borrow $733,000 to seal a deal with costs that added up to $933,000.
I met a young lady who was not from the community—and when I say “not from the community” I mean that she was not black—but she had worked for General Foods for about f ive years, had an MBA from Columbia University, and very useful contacts. P. Morgan to invest some money in the food products. The Woods called the new venture Sylvia Woods Enterprises LLC, a company separate from the Harlem restaurant that was legally formed Sylvia Woods Inc. P. Morgan assumed an equity stake of 20 percent in the new company.
If I compromise certain hours that I could have spent at the bank to oversee operations at the car wash, or vice versa, I simply make up the time during the evenings or on weekends. Booker has worked in the banking industry for over ten years. She cut her teeth in the area of real estate and f inance during the heyday of Savings & Loans. With each job that followed, she became director of this and vice president of that, and earned impressive kudos along the way. But unlike her meteoric rise up the corporate ladder, her road to entrepreneurship was not smooth.