By Wendy Harris, Wendy Beech
Study and be encouraged by way of the interesting precise tales at the back of 10 top lighting in black company this day . . . whereas she won’t percentage the formulation for her world-renowned sizzling sauces, Vivian Gibson, CEO of The MillCreek corporation, is completely satisfied to impart her recipe for reworking a keenness for cooking right into a multimillion-dollar company. He went from snoozing in significant Park to heading a tremendous movie construction and syndication corporation. Get the main points on how Frank Mercado-Valdes’s love of vintage black movies ended in the construction of the African historical past community. At merely 34 years outdated, Alonzo Washington is head of his personal comedian ebook publishing empire. learn how this dedicated political activist used his genius for cartooning to advertise minority explanations and make a fortune doing it. notice the compelling actual tales of ways those and 7 different African-American women and men beat the chances to turn into a few of today’s such a lot profitable black entrepreneurs.In a chain of intimate profiles, journalist/author Wendy Harris info the trails they traveled, the hindrances they overcame, and the real classes they discovered alongside the way in which approximately what it takes to achieve enterprise.
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Additional info for Against All Odds: Ten Entrepreneurs Who Followed Their Hearts and Found Success (Black Enterprise Series)
Plus, there was always an issue where there was a lot of playing going on in the lube area. He would get out there and laugh and joke, and I would have to tell him to work. I had to let him go. It broke my heart because he also loved the business unconditionally and loved me and Doc, but he was costing me money. Booker suffered $150,000 in losses her f irst year in operation, because of bad hiring choices that she had made. Admittedly, she was inexperienced in a lot of areas of running a car wash, and she had to learn through trial and error.
Meanwhile, Booker entered preliminary talks with the landowners to make the buy. But she still needed a partner. Af ter weeks of searching, she found someone she thought would make a decent match. He owned his own business and was f inancially secure. qxd 10/3/00 9:04 AM Page 33 Ef f ie Booker: Cabana Car Wash 33 business plan she had worked on for over a year, and the two began preparing their f inancial package to submit to Allied Capital. Then trouble brewed again. The partner—who, despite past differences today remains one of Booker’s very good friends—did not agree with how the deal would be structured.
I have to admit that before they approached me I wasn’t even thinking about having multiple locations. I was perfectly happy with just one Cabana Car Wash. I thought, from the experiences that I had with the f irst one, that I just wanted to survive with that. But when they did call me about the opportunity, I went for it (af ter carefully reviewing the benef its) because it just seemed like a good business move to make. In 1998, Booker opened her second location—a hand wash rather than an automatic site—with just $7,000.
Against All Odds: Ten Entrepreneurs Who Followed Their Hearts and Found Success (Black Enterprise Series) by Wendy Harris, Wendy Beech