HomeNewsBlack Business Owners Hoarding Info from Each Other, Stunts Growth, Creates Contempt

Black Business Owners Hoarding Info from Each Other, Stunts Growth, Creates Contempt

Published on

59b685acbd453fba0951c3ca3e72a483-620x300

One of the greatest testimonies to your success is when others try to do what you do, especially when they have no background in your particular area. As imitation is the greatest form of flattery, I realize it doesn’t always feel that way.

If there is one thing that I have found is a constant in dealing with other blacks in business it’s the way we consistently hoard information and look at each other as the enemy. The jealousy and contempt that we have for each other, backstabbing and protecting clients with our lives as if their budgets are only meant for us is unfortunate. To that end, I understand why it happens but things are not always as they seem.

In 21 years of doing my magazine and site Radio Facts, I am always aware of who is stabbing me in the back and using me for information, yet I often still give it (perhaps to a fault) because I don’t care. I do not want what others have because I’ve been too blessed doing business for myself but I see a lot of black folks trying to find their way in business by any means they deem necessary and others making sure they don’t succeed. This is very unfortunate.

Clients have no problem telling me how vicious “competitors” can be by calling them and asking questions like why are they advertising with me instead of them and copying my banner ads and sending it to my clients and asking “What is this shit?” when they don’t get it. In the end, the client ALWAYS tells me and they tell me they will not support the competitor because they treat them like they OWE a part of their budget to them. It used to piss me off but it doesn’t anymore. These people don’t need any help from me to destroyย their own reputations. All I know is that doing something like this has never been and will never be a part of my business practice. Some competitors are so vile that they have even copied stories verbatim (copy and pasted from my site and put the it on theirs, including my cropped images) and they try to sell the client that I am copying stories from THEM (but they fail to realized there is a date stamp on all the stories).

I can certainly understand where some of this comes from, because I’ve been in business long enough to now how incredibly hard it is to convinceย white clients as well as black clients who are being bombarded with requests from other black companies and often angled in a way that says “Help a brotha out” or “You owe this to me because you are black.” They don’t owe you shย and these are not the streets and nobody is obligated to feed you.

There are those times when other blacks have asked me questions that certainly make you slam on the brakes. One incident wasย a young black man who boldly askedย me if I could explain to him the entire process of how to do a radio industry blog and another time a woman asked me for a copy of my database to start her own industry business. These items are proprietary and hard-earned and NO I don’t think you should ever give info like this out as it’s the basis of your business and success. I would not betray my clients by giving out their personal information like email, phone number etc but I don’t have a problem telling someone who the point person is. If they can sell themselves, than so be it.

There is a person that I gave complete advice to on how to do a magazine and even offered his name for a television segment who is notorious amongst other industry entrepreneurs for being an elitist and hoarding information after finding ways toย take it from other black entrepreneurs and use it for himself. Therein liesย the problem, If you are not willing to help others but you are willing to use their info that’s just wrong and it’s greed. You present yourself as an opportunist who can’t be trusted.

I found that this person would call me every few months whenever I would have small successes to pick my brain and to see if I wasย willing to give more information. I found it was a one-way street and I realized it was a mistake so I shifted and stopped taking his calls and giving him information but I was still willing to give it to others in business.

The answer to all of this is your brand and the quality of your product will stand the test of time no matter WHO tries to compete with you. Stay the course and keep doing what you are doing and find a way to consistently improve your service and over deliver to the client. In addition, if your services have exceeded your client’s expectations and they constantly come to you (without coercion) you are already winning.

Nothing that is meant for you can be taken by someone elseย no matter what their intention is good or bad.ย Keep focusing on the finish line instead of stopping to take a look on the sidelines and you will win.ย You may be completely wrong in your assessment as we all have the right to do business the way we want to. THESE are the most important traits that you can have. ย If you find that you are constantly giving information to people who never give it back or return the favor in any way, stop doing it and spend your time more wisely by mentoring younger people or doing volunteer work or even writing a book about what you do and your experiences. Finally, when you help someone else everyone succeeds the rewards come back tenfold. I’ve witnessed it many times over.

My best.

K

Latest articles

10 Best Loans for Students

10 Best Loans for Students Loans for students are a necessary evil. Student debt is at an all-time high with this year's debt reaching 1.75 trillion. While, at the same time, the nation-wide average for unemployment has skyrocketed with 6.3 million experiencing joblessness. Thus, finding promising loans with affordable interest rates is more important than ever. Sofi Fixed APR: 2.49%-7.59% Variable APR: 1.74-7.24% Maximum Loan Amount: 100% cost of attendance With a shockingly low fixed rate of 2.49% -7.59%, Sofi is the number one lender at BlogWallet. [...]

Rappers Myron Rainey and Christian Sanders Shot Dead in Ohio (Video)

https://www.theindustry.biz/wp-content/uploads/2024/11/Screenshot_372.pngOver the weekend, a tragic shooting occurred in Shaker Heights, a wealthier neighborhood in...

Who is Kevin O’Leary?

Discover Kevin O'Leary, the renowned Shark Tank investor and business mogul. Learn about his entrepreneurial journey, success strategies, and impact on the business world.

Ex Radio Jock, Stephon Ferguson, Makes Living Imitating Dr. Martin Luther King around the World

KUDOS to a former radio jock for using his radio leverage to create an amazing opportunity for himself. Stephon Ferguson, 48, discovered his amazing ability to emulate one of the greatest leaders of our time Dr. Martin Luther King by chance in the late 90s. Ferguson was mixing a vinyl recording of Martin Luther King Jr.'s famous "I Have a Dream" speech on Motown records with a beat and he was overheard by a friend who came into the room asking if that was him.โ€ Ferguson told ABC News. [...]

How Skillshare Democratized Learning and Created a Global Community of Creators

Discover how Skillshare revolutionized online learning, empowering millions to explore their creativity and learn new skills in a vibrant global community of creators.

The Birth of Native Instruments: How They Changed the Landscape of Digital Music Production

Native Instruments revolutionized digital music production with innovative software and hardware. Discover how this tech pioneer transformed the industry landscape.

Chicago Budget Passes Amid Migrant Spending Chaos (Vidoe)

In a tumultuous session held at Chicago City Hall, the Chicago City Council narrowly...

Entrepreneur Mistakes: Unimportant Interruptions

Do not allow anyone to throw your day off. Nothing like  unimportant interruptions For some odd reason, many people think that black entrepreneurs do nothing but sit around and twiddle our thumbs and wait for money to come in. I guess this is why we get unimportant interruptions during the day? They are really under the impression that because we do what we love we're not working. And part of that is correct, we're not working. But we're always busy and we never sleep. [...]

10 Tips on How to Improve and Make More Money with Your Business

One of the greatest complaints and challenges in business is almost always money. We...

How to Manage Your Business Calendar Automatically with Tech

Discover smart ways to streamline Business Calendar Management using automation tools and tech solutions. Save time and boost productivity with these essential tips.

More like this

โ€œOutside-the-Boxโ€ Entrepreneurs to Address Resource Constraints, Crop Shortages at Fifth Ag Innovation Showcase

St. Louis, MO, August 10, 2013 --(PR.com)-- The fifth annual Ag Innovation Showcase...

Man Claims Diddy and Other Men Took Turns SA’ing Him, Diddy’s Attorney States Otherwise

Sean "Diddy" Combs, a prominent music mogul, has found himself embroiled in a string...

WPengine BEST Hosting for Your Site, StudioPress Best Themes

WPengine and StudioPress are the BEST Who has the time to repeatedly look for the best web hosting? I know that I don't and I completely understand what it's like to have a site all set up and get a spike in traffic then have your site crash. Right at the time when you could be converting a ton of viewers to your email list. A few years ago. I got the exclusive for one of my sites when a celebrity died. [...]

Scottie’s Steakhouse VS Bocce’s Pizza: Skimping on Services? Customers Know the Difference

I left Buffalo, New York some 30 years ago and once I moved to Atlanta then Los Angeles after that and worked in radio as a DJ for many years there was no turning back. The new environments opened my eyes to all that I had missed growing up on the East side of Buffalo. Nevertheless, there is one thing that is foremost in my mind on the few occasions when I return, think, or talk about Buffalo... the food. [...]

From Small Beginnings to Real Estate Giant: How Invitation Homes Redefined the Rental Market

Discover how Invitation Homes transformed from a start-up to a leading single-family rental company, reshaping the US residential real estate landscape and rental market.

American Muslim Entrepreneur Innovates New Orthopedic Prayer Mat, Gets Worldwide Attention

Fairfax, VA, August 15, 2013 --(PR.com)-- While working in the mall years...

Christmas Tragedy: Six-Year-Old Girl Shot in Milwaukee (Video)

Child Shot on Christmas Morning in Milwaukee On Christmas morning, a tragic incident occurred on...

New eBook Teaches People How to Start an Internet Business on a Budget

San Diego, CA, August 17, 2013 --(PR.com)-- For people who have always wanted...