Legacy--Solidifying The Group Economics Plan
If you look at a list of your favorite products like Coca-Cola, Hershey, etc. you'll see they've been around for years. Sometimes you'll find out that they've been in business for over 100 years. If they do exist, I don't know any Black businesses that have been around for over 100 years and still in operation today. Want to know why? We get a bigger business saying, "Hey, I like your business. How would you like to sell it for $1 billion?" The average black person will grab that check and disappear off the face of the Earth, living it up. What I'm about to say may sound like pure Bullshit (especially if you've never even seen $1 million in your lifetime). I know I haven't, but I know what's more valuable than money. So, you want to know what we need to do with these billion-dollar checks? We need to wipe our asses with them! "What! Are you crazy?! You will never have to work a day in your life ever again!" Here's why I say that.
I hate to say this, but when it comes to business, we Black folks tend to think of it as a way to pay our bills and be our own boss. In other words, as Robert Kiyosaki says about people in the "S" quadrant (if you're not familiar with this term, look up some of his videos), we buy our jobs instead of buying a business. So, when a person comes with a hefty check that ranges in the billions, we tend to be very quick when it comes to selling our business. Another problem is we sell the business to non-Black folks, so what ends up happening is we lose the culture as well. Let me elaborate on this.
Ever notice how there's an agenda shift with some of these former Black-owned businesses? You'll hear the language change. It will go from "Black people" to "People of color". Everyone, including White people, has a color. There is a culture loss. The language will change from "Black owned" to "Diversified business". This means every racial group is a part of it. When it comes to Black issues, all of a sudden you'll see that the Black spokespeople are very vague about the issue. You'll hear words like, "all people" or "human issues." Why is this? This is because it comes down to pleasing everyone to stay in business. When it comes to a Black person doing something wrong, it's not "all people" or "human issues". You'll hear words like "This is what's wrong with us" or "Black people need to pick themselves up by their bootstraps." Fuck that bullshit!
So, how do you create a business with a legacy? Think of your business as a tree. It starts off as a seed and grows into a 50-foot tree with deep roots. Okay, here it goes. Let's say our business is a technology business. The first few years, you're going to have growing pains and it will seem like you'll never make a profit. Then one day it finally happens, you make your first $100,000 profit. What do you do? You expand. Get another store, build a plant, hire more staff, etc. Remember that the more staff you have, the less you work and the longer the business can run around the clock. This is why big businesses trample over these mom-and-pop shops; when mom and pop go to sleep, the big businesses are still operating. Anyway, it may take about 30 years for your business to become a billion-dollar business. Most Black folks don't have the patience, so they'll sell their multi-million dollar business for $1 billion. Look at Apple, Microsoft, Dell, etc. Another thing, big business owners don't have paychecks. If you look at some of these business owners like Bill Gates, they may get a paycheck from their business that's only a few bucks (literally, I'm talking about $1). Why? They don't need it. They have control of the business. Instead of paying out the ass for hundreds of millions of dollars in taxes, instead, they get all the tax benefits of owning a big business, get to buy whatever they want, and mark it down as a business expense. A lot of these houses that we see these mega billionaires living in are not in their names. It may be in the name of their business (or one of their businesses). As Donald Trump says, Control everything but own nothing in your name. So, how do these mega billionaires see their business?... as an asset that makes them money instead of them having to work tirelessly doing the same mundane task each and every day like most of us? They do work long hours, and they may be 16 hour days, but it may look something like this.
6 A.M-Arrive at the office
10 A.M-Go to a business meeting (this can be anywhere. Most business meetings are in coffee shops, golf courses, etc.)
1 P.M-Take a plane trip to office 10,000 miles away
12 A.M-Arrival at destination
12:30 A.M-Another meeting
1 A.M-Meeting adjourned
They do work really hard, but the task is way different. You are not working on an hourly basis, and you could make $1 million by just a head nod and a handshake. Billionaires rarely use cash to make business transactions, and if they do, it's because the business is a cash-only business. We have been conditioned to think that the dollars in our bank account are the mark of our success. No, the assets we own are the real wealth. If you have an asset that generates $100,000 a month, you could lose $300,000 and not bat an eye because all you have to do is wait for three months to get that money back. If you had a lump sum of $300,000 and lost it, I'd feel sorry for you if that was all the money you had and you did not have assets.
So, when it comes to building a business using group economics, we must include legacy as well. If we do sell our businesses, we'll have to make sure we do the same things that the big Jewish and Asian businesses do; we only sell to our own. This is how you keep the culture alive in your business. -Confidence Magnet, Courtesy of UPA (January 7, 2015)
I was listening to Jason Black (TBA YouTube Channel), and he was talking about legacy. I decided to put my own spin on it. Another major reason why Black Group Economics is so important is that it gives the Black Businesses more value to other Black people. Imagine instead of Viacom owning BET, Bill Cosby decided to buy it. Didn't Bill Cosby want to buy NBC a while back? Instead of MCA buying Motown Records, Imagine if Jermaine Jackson or Diana Ross bought it. The record label that births them would be in their hands. I think it's important to buy Black-owned Businesses to keep the cultural legacy going. If not, you'll see black spokespeople, but the Black ownership is non-existent. This leads to misleading the Black population just because the agenda is aimed at Black people with a Black spokesperson, a former Black-owned business. However, the owners pulling the strings, don't have a drop of melanin in their bodies (sleeping with Black men or women doesn't count either) -Confidence Magnet, Courtesy of UPA (January 12, 2015)
We don't need Kodak, McDonald's, etc. Let them have their businesses. We'll have ours and play by the same rules. "Want to buy our business? No Sale!" Check this out. I was playing with this idea. We have tons of Black graduates. We have accountants, lawyers, doctors, engineers, etc. These guys are dying for jobs. If we approach these Black graduates with a job that pays a decent starting salary--based off of their skills and job description instead of their race--we'll get the best of the best. (Even though you're targeting Black graduates, you don't have to tell them your goal is to hire majority Black staff in the beginning.) We go to the colleges and recruit like it's the NFL or NBA. What does this mean? Black employment goes up (and not in shitty food service or low-wage positions either). This will take years before it gets full traction, but when you grow, they grow. Imagine having a full Black staff, Black CEOs, Black supervisors, and managers, etc. When non-Black applicants apply (believe it or not but you may have a few sprinkled in), they'll have to cater to the Black agenda the same way Black folks have to cater to the non-Black agenda when they get hired by some of these companies. However, unlike some of these companies, our terms are juster. We don't harass people just because they wear their hair a certain way; we don't tell people they're too "militant" or "radical" when they embrace their culture. You cater to us by making our pockets fatter and showing respect to the company and its staff. Even if this business is making way less than the average big business (instead of $100 million, we're making $20 million), we don't sell our company to the highest bidder--unless they're family or Black with a group economics mindset. (You could sell it to a Black person that will do another deal and sell that company to a non-Black business.)
We need to apply the African Business principle of Cooperative economics. There is no competition, only cooperation. Even when we compete, we cooperate. An example would be, "We don't sell that here. If you go to the store next door, they have that." You send him to another Black-owned store that sells the same stuff as you but carries the one thing you don't have. If the customer tells him or her that you referred them to that store, they may send some business your way. Even though you drive away business, you may get two people in their place. It sounds like economic suicide, but you'll be surprised how much money you make when businesses stop competing and start working together. -Confidence Magnet, Courtesy of UPA (January 13, 2015)
(You can find more UPA posts here.
Check out his website.
Also, check out his twitter.)
This post makes me think of Jason Black and Tariq Nasheed; both of them have 1 goal in mind, and that is group economics. Everyone doesn’t have to work together to achieve our vision, and everyone can go about achieving the goal of Melanese Economic Empowerment by their own means and we can partner up when we have specific goals in mind and agree on the same method. –Derrick Mills (February 15, 2015)
(You can view all of The Black Authority’s videos here. Also, you can purchase his movie “7am” here.
You can visit Tariq Nasheed’s sites here and/or here.)