Why Black Men Don't Build Businesses???

SAN DIEGO - Jan. 31, 2014 - PRLog -- Why Black Men Don't Build Businesses by Bryce Jackson

Business Mentor, Success Coach

Why Black Men Don’t Build Businesses
Have you ever asked yourself  "why do black men not build businesses"

This one question has lingered in my mind longer than I can imagine. It is not enough to discuss how to make money from this and that! It is much more than that. When we make 30% appreciation from some stock investment, what happens next?

I've learned there are so many Black Men with a lot of mind blowing ideas about making money. That's fine. But how come we don't BUILD businesses out of these ideas.

The primary reason is the black man's attitude toward money. This does not single one person out. It is about ME and YOU "black men" reading this right now.

Take a break right now and ask yourself  "Does this refer to me as well"

You bet it does.

Now what is it that makes the white man different with businesses? It is what shapes the white man's mind about businesses. The inception, the BUILDING process and the sustenance. Sounds confusing? See it this way!

Why does the average black man start a business? The sincere reason is to make money. The white man can start a business because of money as well . That's the inception.

Now the hundred mile difference is in "the BUILDING process" and subsequently "the sustenance"
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Ask yourself at this point "what would I do when I make my first million " Your sincere answer will define if you can build a business or not; let alone sustain it.

Reasons Black men don't build businesses

Reason 1  Many of us do not read.

Don't get me wrong here, a good lot of us are fabulous academicians but we find it absolutely unnecessary to read about business. I don't argue with people that say that the best way to build a business is by experience. Well, how about reading from people that have been there before. Does it make it a little easier? Oh! you think it doesn't. How about trying to get through secondary school with the best grades without ever attending classes? It might be possible but it is a harder process. The chances are that 1 in 10 times, failure looms. When we read about business that have been built, it doesn't just open our eyes to common mistakes,  it helps us understand what business entrepreneurs do to stay afloat for a long, long time.

Warren Buffet is rated the 2nd richest man in the world. Estimated worth - 60 billion dollars. What's news?

This man continues to live in the same house in central Dundee neighborhood in Omaha, Nebraska that  he bought since 1958. How that's possible? I hear you ask. This man's annual salary from his multi-billion dollar assets is $37,000,000 a year

Reason 2  The problem of delayed gratification.

Do you want to change your shoes, your car, your friend, your husband, your wife, when you make a few thousands. If you do, you have a problem of delayed gratification. Can you sustain a business? WOW….  I think NO.

Being unable to set goals, is another reason behind this problem that is become rather generic. Like I said earlier, an average black man starts a business mainly because of money. You might think what am I talking about? Who in this world starts a business without thinking about money? It is very sincere to say that. We always have bright ideas, these ideas bring in money. What then happens next?

This is where we fail to set goals.

I'm starting a fish farming business. I want to sell 50,000 fingerlings in 6months. What happens to my business in two years? I want to have 30 outlets of my business in 1year. I want to extend my enterprise into three states by 2014.   Goal setting!!!!!!!

I know it sounds easier to say than do, especially with an environment characterized by economic strife and political instability but it all has to start with a futuristic mentality.

This same mentality is what started Bill Gates and Microsoft,  Ellison Lawrence Joseph and the Oracle corporation, Ray Kroc and McDonald's, Fred Deluca and Subway etc. Not just started, but running and still expanding till date.

Take it easy on me now, I know you have a MBA from business school, I am not saying this is all you have to do to run a business. Also there are many failed businesses that set goals when they were running. What I am saying is if more and more of us start to operate like this, there are increased chances of building world-wide mega corporations and there won't be any fuss about investing in Recycling Dollars..

I am trying to establish here the clear difference between technical expertise and a mentality for sustenance of businesses. You think I'm lying, then tell me why so many banks failed the recapitalization process. Is it the mentality toward money?

How many Black Men wholly owned businesses can boast of 20 years of business existence?

This is a topic for a whole book. It is inexhaustible. My Goal however, is to have an effect on generations to come. The issues I have raised here are the same reasons we've not been able to BUILD a strong black nation.

This is not about anyone in particular,  it's about ME, YOU and YOU and our general attitude to money. If we check ourselves sincerely, we will come to together and address the problem why Black men don't build businesses.

We can start building together here using a Product that everybody wants and that is money. Learn how to Cash Leverage OPM (other peoples money) at Recycling Dollars http://recyclingyourdollarsonline.com

Bryce Jackson, Business Mentor, Success Coach
bryce@whatablessing.net
619-272-9225