The entrepreneurial spirit is inherent in Black people. As a result, they have been able to create successful businesses at a LEVEL that is unprecedented. Businesses are no longer restricted to white people. Thanks to the advent of new technologies, the world has become more globalized than ever before. This means that it’s easier than ever before for a business or person from anywhere in the world to start and succeed in their own business—regardless of where they were born or what race/ethnicity/culture they belong to.
Entrepreneurship has always been a key element of the African American community. From the beginning, black people have had to find creative ways to overcome institutionalized racism and limited opportunities for economic advancement. This has led to many African Americans starting businesses in order to provide for themselves and their communities. Today, there are more than 40 million black Americans in the U.S., which means that this group is present in nearly every sector of the economy. Below we’ll explore a few famous African American entrepreneurs who made a name for themselves.
Quincy Jones
Quincy Jones is an American record producer, composer, and actor. He has the most victories for a Grammy Award for Best Original Score for a Motion Picture for any artist with eight. He is also known for his work as a conductor and arranger, creating a “wonderful symphony of sounds”. This is a man who already had a successful career before starting his own company, Q-Productions. Jones grew up during a time when the music industry was changing. In order to stay relevant, some producers started their own companies, while others moved into new fields, such as acting or conducting. This was especially true for black producers, as they had to find new ways to capitalize on their talents in a white-controlled industry. Jones started his own record production company, Q-Productions. He founded the record label Qwest Records. In addition, Jones launched Qwest Records Chicago, Qwest Records New York, Qwest Records Los Angeles, Qwest Records Nashville, as well as Qwest Records Nashville (the country music division of the company).
Michael Jordan
Michael Jeffrey Jordan is an American retired professional basketball player who is considered to be one of the greatest players of all time. He has created many partnerships, including one with NBA Properties, which owns the league’s trademarks and copyrights. As a result, Jordan has been able to use the league’s logos and trademarks. In addition to his company, Jordan has also been an owner in the Chicago Bulls and Charlotte Bobcats, as well as the Washington Wizards and the Miami Heat. Jordan’s career included many achievements, including six NBA Championships with the Bulls. In addition, Jordan is a member of the Naismith Memorial Basketball Hall of Fame, the College Basketball Hall of Fame, and the NBA Hall of Fame.
Magic Johnson
Wilt Chamberlain and Michael Jordan are two of the most famous basketball players of all time, but Magic Johnson was the one who invented the modern-day point guard position. He led the Los Angeles Lakers to five NBA titles during his 15-year career. In 1992, Johnson was diagnosed with HIV and did not reveal his condition for a decade. However, he still continued playing, and in 1996 he was inducted into the Basketball Hall of Fame. Johnson was also an entrepreneur. In 1988, he founded the graphic design and marketing firm Threadless, Inc. At the time, the company was focused on giving away t-shirts to promote local artists. However, Johnson and Threadless have gone on to create a number of other successful businesses, including Skateboarder, Sleeve, and Hero.
Sean “Diddy” Combs
Sean John Combs is an American rapper, singer, songwriter, actor, and entrepreneur. In 1999, Combs founded Bad Boy Records, which is a record label that has had many successes, including winning three Grammy Awards. Bad Boy also has many other successful artists, such as M.O.P., The Notorious B.I.G., Faith Evans, 112, and Carl Thomas. The label has had many other hits, including “I’ll Be Missing You” by Faith Evans, who is one of Combs’s artists. Bad Boy Records is one of the most successful companies in hip-hop and has been around for more than 20 years. Combs has been an entrepreneur for much longer than that. He started a clothing line for men called Sean John in 1993. By 2002, that line had expanded to include shoes and other accessories. In 2003, he launched Sean John products in department stores, including Saks Fifth Avenue and Lord & Taylor. In 2005, Combs launched Sean John Jeans, with plans to expand the line to other styles. Combs has also expanded into other areas, including acting and producing movies.
Now that you are inspired, here are a few options for yourself.
Start A Business Group
A group can be a great place to start a business. Whether it’s amongst friends or among professional contacts, starting a business group could be a great way to meet like-minded entrepreneurs. If there is not a group in your area, consider starting one. You don’t need much. A few people, a few chairs, some pizza and a pitcher of beer, and a space where people can come to create new connections and build their business and social capital. You can host a business group with a few inexpensive items. You can also benefit from Business Groups Online, where you can find a business group in your area with the click of a button.
Build A Blog
Another great way to start a business is by building a blog. A blog is a great way to build your brand and attract clients. You can start a blog on almost any topic and then start blogging regularly on your specific niche topics. You can choose to focus on any type of industry or even a particular niche. Once you start blogging regularly, you will start building a following. People will start to recognize you as an authority in your field. They will also start to trust you, which will make them more inclined to buy or hire your services or products.
Join an Online Forum or Community
An online community can also be a great place to start meeting entrepreneurs and growing your business and social capital. Whether it’s a specific industry-based forum or a general online community, it can be a great place to network and grow your business. Many communities have programs that allow you to create a free business profile and start building your online presence.