Entrepreneurial thinking is about more than just longing to become your own boss, or even successfully launching a business. The good news: You don’t have to be born an entrepreneurial thinker; you can learn to be one. Randal Pinkett, Ph.D., author, speaker, and CEO of the Newark, N.J.-based research, training, and technology firm BCT Partners, offers himself as a prime example. Pinkett, the former Rhodes Scholar who first came to national attention as the winner of the fourth season of the NBC reality competition The Apprentice in 2005, says that despite becoming a successful business owner, he did not grow up thinking like an entrepreneur. “I embodied the employee mind-set for most of my early life because that’s all I knew and was accustomed to,” he reveals. “This is the mind-set that I’m going to work for somebody else, I’m going to go find a job, I’m going to create a résumé, and that’s how I’m going to monetize the skills and talents and passions I bring to the marketplace.” “It was my junior year in college at Rutgers University where I saw another student, Wayne Abbott, who I grew up with—same neighborhood, same high school, same college, and had the same major in fact—I saw Wayne selling T-shirts,” Pinkett continues. “And I said, ‘Man, if this guy can sell T-shirts, at age 20 or 21, and run a business, why can’t I do it?’ And it was that spark of a moment, literally, where I said I am not going to work for anybody else.” “I shifted my mind-set from thinking I had to work for somebody to earn a living, to working for myself to create a living for others. And it was that entrepreneur’s mind-set of not looking to the market to tell me where the opportunity was, but to create opportunity in the market where there was no opportunity, that was a complete transformation of my thinking.” Last year marked the 10th anniversary of the publication of Pinkett’s first book, Campus CEO: The Student Entrepreneur’s Guide to Launching a Multi-Million Dollar Business. He stresses that there is more to entrepreneurial thinking than merely starting a business and becoming an entrepreneur. “Entrepreneurship is not just something you do, it’s the way that you think,” he observes. “Think about it two ways: You may be an entrepreneur, but not think like an entrepreneur, and you may not be an entrepreneur, but still think the way entrepreneurs think. It’s a mind-set.” (read more: www.blackenterprise.com/entrepreneurial-thinking-more-than-starting-business/
Black women are known for performing under pressure. Pressures like getting work done despite being paid less than their counterparts, showing up during elections, and leading the charge against injustice for everyone else. In the words of Phylicia Rashad, “women are power.” Time and time again, elections in this country have been carried out by the vote of black women. We saw it in the 2016 presidential election when 94% of black women voted for Hillary Clinton and then again in 2017 when they carried out the victory for Senator Doug Jones in Alabama. Despite those pressures, the question now is how can black women be supported in the workplace as much as they support this country politically? We wanted to answer that question so we spoke with Symone D. Sanders, CNN political commentator and strategist, who knows a thing or two about being a woman of power in her field and standing up for herself despite the pressure. The Political Expectations Placed on Black WomenRewind to the Golden Globes, immediately following Oprah Winfrey’s acceptance speech for the Cecil B. DeMille Award for outstanding achievement in the entertainment industry, people took to the internet to rally for her to run for president in 2020. Although some of the greatest reactionscame out of that moment, there was also an almost unrealistic expectation placed on Ms. Winfrey to run. Not to mention, it was the ultimate tease. That moment proved that it has become a societal norm to count on black women to organize and turn up at the polls with little to no support in their everyday lives. As far voting is concerned, Sanders says that is not the responsibility of black women to save everyone. “It’s important to note that black women are simply just voting their interests. Their economic interest, their financial interest, and that results in what you see at the polls. But, it is not the job of black women to—quote unquote—go out and save everyone else. Absolutely not.” She also believes that the way black women take charge in society is changing because they are asking for more than just thanks for organizing; they want to be included. “I think Alabama was the tipping point…up until November of 2017, I think it was just expected that ‘black women were just going to do their job.’ Black women aren’t just voting for themselves, they are literally voting for their communities.” (read more: www.blackenterprise.com/symone-sanders-demand-support-give/
We can’t believe that we are just a little over a month away from our 13th Annual Women of Power Summit! Every year, thousands of women look forward to four days of inspiring, fun activities in a room full of powerful women. As we begin the countdown to our arrival at Disney’s Yacht & Beach Club Resorts, we want to share a few ways that you can connect with other women traveling to Orlando so that you can form your tribe for the Summit and make the most out of your time in March! There’s an online community of powerful women waiting for you to join themWe know that it can be difficult to connect with others when you have a busy schedule. Most bosses have that problem! That, and it’s almost impossible to know who all is attending the Summit unless there’s a centralized place where people are having the conversation. Well, there’s good news! You can now join the Women of Power Facebook group for a great place to chat with other registrants, share inspiring content, and be a part of a community of 300-plus women. So, what are you waiting for?!
Introduce yourself and share what you’re up to. – There are over 300 women killing it in their respective fields in the group. Let them know who you are and what you’re about!
Share what you’re looking forward to this year at the Summit. – Have you taken a look at the agenda yet? We have over 40 scheduled events planned for your pleasure. Let everyone know which ones you’re excited about and find out which ones people are going to. You can connect and meet with them there!
Share your expertise, motivational content, and relevant articles. — This year’s Summit theme is: “Undivided: Power of Our Own Terms.” We encourage you to share information that is empowering, can help someone in their career, or elicits a conversation on how women can remain undivided. We’ve already got the ball rolling and we’re waiting to hear from you.
Despite filing for bankruptcy last year, Curtis “50 Cent” Jackson continues to soar as an iconic hip hop artist, savvy businessman, and one of the biggest producers on television. Jackson, who graced the cover of Black Enterprise in January 2011, recently inked an eight-figure deal with Starz to continue creating original content for the premium cable network, reports TMZ. The new agreement extends the two-year contract he signed with Starz back in September 2015 to 2019. “Continuing my partnership with Starz and Lionsgate is important to me,” Jackson told Deadlineon Wednesday. “I have a personal connection to each project I bring to them. I’m able to deliver shows that have unique stories that can be told on premium cable television.” The deal allows the 42-year-old rap mogul to continue producing hit shows like Power, the most-watched franchise on Starz, as well as new programming. Through his G-Unit Film & Television company, he will develop three new projects, including Black Mafia Family, which is based on the story of real-life drug kingpin Demetrius ‘Big Meech’ Flenory, and the action-packed sci-fi series Tomorrow, Today. Details about a third project have yet to be released. “This deal recognizes how Curtis’ abilities ha(ve gone beyond music and business to include acting and show creation,” said Starz CEO and president Chris Albrecht. “We’re pleased to continue our relationship and bring new projects to his current and future fans.” (read more:www.blackenterprise.com/50-cent-new-business-deal-starz/)
Before my son enrolled in his current school, my husband and I were convinced that he should go to a tech credentialing boot camp. My son even found one that offered a program that would have cost us nothing—and we were all enthusiastic. As it turns out, my son opted to forgo the boot camp and enrolled in college as a full-time student—(where he’s remained on the dean’s list, I’m proud to say).
Boot Camps May Be Here to Stay Although my son didn’t go the boot camp route, the short, 12- to 15-week intensives appear to be here to stay. Some have merged, some have closed, and their methods have been criticized, but the coding boot camp seems to be part of the educational landscape for the foreseeable future. Because of their short duration and the fact that they’re much less costly than college and teach a specific, in-demand skill set, black students would be prudent to consider them an alternative to graduate school, if not college. Here’s an excerpt from Inside Higher Ed on the influence of this sector on colleges and universities. Don’t count boot camps out just yet.
The last year or so was rough for the short-term skills training programs, with high-profile closures and some bad PR. But the nascent boot-camp industry is growing, as established players like General Assembly, Galvanize, and the Flatiron School expand into new markets while also influencing traditional higher education.
For example, the online program management company 2U announced this month that it is paying $13 million to lease an online learning platform from the Flatiron School as part of a high-profile deal with WeWork, the co-working space giant. Going forward, 2U plans to use Flatiron’s Learn.co for its online degree programs, which include many graduate school offerings from selective universities.
In an interview, Chip Paucek, 2U’s CEO and cofounder, raved about the potential of Flatiron’s online learning tools, describing the acquisition of Learn.co as an important step in 2U’s evolution.“We believe that this becomes the future of the learning platform,” Paucek said. “We’re going to offer all our courses through it.”
Beyond the 2U deal, boot camps are trendy in part because their compressed curricula and focus on job placement in high-demand fields are catnip for higher education reformers and policy makers who feel traditional colleges are failing to prepare graduates for jobs. (read more :www.blackenterprise.com/tech-boot-camps-alternative-college/
Every year billions of dollars are awarded in the form of free money and other types of funding. Most people know this money exists, but just don’t know where to apply, how much they qualify for, or even where to get an application. Contrary to popular belief, free money is available to entrepreneurs. Real business grants do exist. In fact, hundreds of black and minority-owned businesses each year receive such grant funding from various government agencies and nonprofit organizations, reports BlackNews.com. Such funds do not have to be repaid, but must be used to either start a new business or enhance an existing one. Others can be used for innovation research.
4. The Miller Lite Tap the Future Business Plan Competition (formerly known as the MillerCoors Urban Entrepreneur Series) is an annual competition for minority business owners sponsored by Miller Lite. Designed to economically empower minority businesses, the program continues to invest in entrepreneurial dreams to empower urban communities. Learn more at mltapthefuture.com