Save Your Money and Young Entrepreneur from Failure.

I have had the opportunity to visit, live and work in some of America’s largest cities. I love skyscrapers, my favorites are the Sears Tower and the Renaissance Center (currently renamed as the GM Headquarters). And for some reason I have always been impressed with the heights of these buildings. As a little boy, I imagined what the city would look like standing on their rooftops. These buildings represented a status of wealth and prestige.

I hadn’t heard of any minorities, and especially African Americans owning and building skyscrapers. I had met several African American architects, but owning a skyscraper and drawing and designing one are worlds apart. As a boy, when I visited the downtown area on field trips, I saw the type of people that walked into the skyscrapers. They wore suits and ties, carried briefcases. They looked focused and walked with hurried intent.

As a young boy I noticed that the people entering and exiting the skyscrapers did not look like the people from my community. They didn’t look African American. I wondered where my people worked. And most of all, I wondered why my people did not work in the skyscrapers. Over the years, I learned about what the skyscrapers represented. Consequently, I wonder why African Americans don’t have more downtown skyscrapers representing their growth in industry and manufacturing.

African American entrepreneurs own less than 70 buildings that stand higher than 20 floors throughout the entire United States. The 30 million and counting population of African Americans live in nearly 35 major metropolises. And yet for the trillions of dollars we generate we only have a few hotels to showcase.

Why are there so few skyscrapers owned by African Americans? It’s simple. Those African Americans pioneering successes in all types of industry are reluctant to establish mentoring programs to build momentum in their areas of expertise. This momentum may be represented in the creation of new businesses. But since we don’t excelled at creating institutions that promote black success, our communities suffer from poverty and joblessness.

Skyscrapers throughout the US are fueled by the ingenuity and innovation of citizens who fought to create new economic opportunities. African Americans should follow the patterns already established by America’s legacy of entrepreneurs. In doing so, we would close the poverty and unemployment gaps. Because of this entrepreneurial crisis, a huge gap exist between top performing professionals and entrepreneurs, job holders vs job creators.

Many business experts say an entrepreneur will fail several times before they achieve establishing and owning a profitable enterprise. My research uncovered the reality that recognizing an opportunity is one of the most important aspects of entrepreneurship and business development.

Usually the principle way that one learns to recognize opportunities in business is through participating in a network of seasoned and passionate collaborators and mentors. The best network and most accessible network is the African Americans’ family and the family members’ contacts. However, with the black family under attack from tremendous social and political issues, wealth growing and wealth transferring strategies are stifled and crippled by a lack of expertise.

In recognizing this fact, I decided to create, publish, and distribute an entrepreneurial learning system that is comprised of the greatest lessons taught and proven by some of the greatest business owners on the planet. I call this system Venture Basics 101: Opportunity Recognition.

I hope that it leads to more skyscrapers being built by African Americans, to demonstrate our mastery of industry and manufacturing. At a grassroots level, hopefully it will lead to a more prosperous community of doers instead of doubters. We need to learn how to recognize and take advantage of our scarce and precious opportunities.

Available Now!
Venture Basics 101: Opportunity Recognition at Amazon.com

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This entry was posted on November 16, 2010 at 2:22 am. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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