...
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 destroy 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 convince 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 sh 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 was a young black man who boldly asked 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 to take it from other black entrepreneurs and use it for himself. Therein lies 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 was 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 else no matter what their intention is good or bad. Keep focusing on the finish line instead of stopping to take a look on the sidelines and you will win. 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.  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.” 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

25 Years in Business: Small Business Owner Do’s and Dont’s

  Want to be a Successful Entrepreneur? Here are my BEST Lessons Learned After 25 Years in Business Being a black entrepreneur is extremely rewarding. Unfortunately, there are other aspects to it that are very challenging. When you're the boss, it is often difficult to have leverage or to have camaraderie with people that work for you. You have to maintain a level of authority. Most of the time, black entrepreneurs, surround themselves with other black entrepreneurs because they understand each other best. Working for yourself is and is not what people think. [...]

Grow Your business, Expand Your Circles

Quite often, we are surrounded as black entrepreneurs by people who don't see what we see. They mean well, they love us but they don't understand running your own business. If you remain around these types too long you will start to feel overwhelmed, under appreciated under appreciated under appreciated frustrated. You MUST find ways to get around other MORE SUCCESSFUL business owners and check sites like meetups.com to see if there are black entrepreneur meetings or happy hours in your area. The best way to grow is to expand your sphere of influence. [...]

Fitness Guru John Spencer Ellis Offers Free Tips on Creating a WordPress Site for Fitness Trainers and Coaches

Rancho Santa Margarita, CA, December 20, 2011 --(PR.com)-- Websites can increase visibility,...

From Royalty-Free Tracks to Global Success: The Story Behind Epidemic Sound

Discover how Epidemic Sound revolutionized the music industry with its vast library of royalty-free tracks, empowering creators worldwide with high-quality audio solutions.

Brett Johnson BET Founder Bob Johnson’s Son’s Menswear Line

Brett Johnson BET Founder Bob Johnson's son premieres clothing line in Atlanta The apple doesn't fall far from the tree (in a perfect world that is) BET Founder Bob Johnson's son, Brett Johnson, is also running his own business in the form of fashion for men. Taking time to hone in on his side business, (Brett is also a producer who worked as an executive producer on Lee Daniel's The Butler) the black entrepreneur travels to Italy more than seven times a year to make sure that his line is top-notch. [...]

How Serato Transformed DJ Culture with Innovative Software and Hardware

Discover how Serato revolutionized DJ culture with cutting-edge software and hardware, empowering DJs to create, mix, and perform like never before.

Who is David Tepper?

Discover David Tepper, billionaire hedge fund manager and Carolina Panthers owner. Learn about his investment strategies, philanthropy, and rise to success.

Family Escapes Shootout in Warren McDonald’s Drive-Thru (Video)

A mother and her young children found themselves dangerously close to a chaotic scene...

Diddy Faces Racketeering and Trafficking Charges: Full Story (Video)

The criminal case against Shawn "Diddy" Combs, the prominent music mogul, continues to unravel,...
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.