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Black History: Special Delivery!!

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female entreprenuer

Encourage Entreprenuership!

Black History: Special Delivery!!

Let’s encourage our youth to explore entrepreneurship as a career option. Ownership is the key to building wealth!

Queens!!

Black History:  Special Delivery!!


The black women in this slide show are TRUE ROYALTY!  They should inspire us all!  They are diverse in their pursuits and chosen paths.  If you don’t know who they are…….It’s time to do some research and learn about their accomplishments!  

Madame CJ Walker Quote

Black History:  Special Delivery!!



Madame CJ Walker,  a self made millionaire was a pioneering entrepreneur developing hair care products that catered to black women. She was orphaned at the age of 7, widowed with a young child by age 18, and could barely read or write……YET she let none of this stop her.  In achieving success, she also wanted to empower other black women to be successful by creating employment opportunities for them. She shared this quote at at a National Negro Business League Convention:

“I am not merely satisfied in making money for myself.  For I am endeavoring to provide employment for hundreds of the women of my race”

-Madame CJ Walker


Ellenae Fairhurst: 1st Black Woman To Own A Lexus & Infiniti Dealership

Black History: Special Delivery!!

Ellenae Fairhurs

Less than 8% of car dealerships are owned by women. That number is only 1% for the number of dealerships owned by black women. However, women influence over 85% of the auto purchases. Ellenae Fairhurst has made history in Huntsville, AL becoming the first African American woman to own a Lexus dealership. She accomplished this mile stone in the early 1990’s!! A native of Dayton, OH, she started her career in the auto industry as a secretary at Ford Motor Company in 1968 in Detroit, MI. Fairhurst attended Miami University in Ohio. After graduation, she moved to Detroit and began her career with Ford. She had originally been selected to participate in Ford’s management training program but after finding out that she had recently been married, they did not permit her to participate in the management training program. Fairhurst held a number of positions throughout her 17 year tenure with Ford.

In 1988 she opened her first dealership.   Fairhurst sought out the opportunity at a time when many corporate professionals were being downsized. Fairhurst became aware of Ford’s dealership training program. She found it very difficult to get information on how she could be considered for participation. However she was supported in her efforts by several African American dealers. Unfortunately, she was unsuccessful in entering the dealership program at Ford, but was able to enter the dealership training program for Chrysler. Her first Chrysler dealership was it in Fayetteville, NC opened in 1988 was very successful. Fairhurst was able to pay off her dealership in 8 years which is nearly half the time (15 years) that it would normally take to do so. To enter the dealing training program, you had to prove that she had $50k of disposable income. The actual cost of her first dealership was $150k. Ford had an employee stock purchase program which had a company match. Fairhurst participated in this program and was able to use these funds to help fund her efforts to purchase the Chrysler dealership. Most of the remaining funds for the dealership purchase came from severance pay she received after being down-sized from Ford.

Fairhurst believes that most women have an innate ability to be excellent entrepreneurs. Fairhust identifies some of her challenges in owning her first dealership as being lack of access to information and opportunity as well as constantly being told what she could not do. While dealers of color did eventually did make inroads in owning main line dealerships, there was not much progress in owning luxury dealerships. Fairhurst left her Chrysler dealership to come to acquire an Infiniti dealership in Huntsville, AL. This was also a milestone for Fairhurst as she was the first African American woman to acquire an Infiniti car dealership in the 1990’s. She is now the owner both the owner of two luxury dealerships in Alabama (Infiniti and Lexus)

Click the link to hear an interview with Ellenae Fairhurst

https://soundcloud.com/auto-trends-with-jeffcars

The Finance Bar: Financial Literacy Hub On Wheels

Black History: Special Delivery!!

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Marsha Barnes

Marsha Barnes a 40 year old native of Charlotte, NC was determined to launch a financial coaching business. After years of working for a major financial services company, she was inspired to create a unique space to educate and equip others in developing greater financial literacy. Continue reading “The Finance Bar: Financial Literacy Hub On Wheels”

Janet Emerson Bashen: Software Pioneer

Black History: Special Delivery!!

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Janet Emerson Bashen received a technology patent in 2006. She is President, Founder, and CEO of Bashen Technologies.  Bashen saw a need to help employers with EEO tracking and reporting to more effectively respond to discrimination complaints filed by employees.  She knew that when discrimination claims were filed against companies, paperwork was often lost and took a long time to process.  She created a web based software platform to help employers track this info and streamline their reporting processes.
Continue reading “Janet Emerson Bashen: Software Pioneer”

THE BLACK NETFLIX: KWELITV

Black History:  Special Delivery!

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KweliTV is a streaming service that will launch in December 2015 that is looking to change the face of streaming tv!  “Kweli” is Swahili in origin. It means “truth”.  The streaming service will feature films, documentaries docu series and other content from the black diaspora!  Programs can be viewed “on demand.”

KweliTV was founded by DeShuna Spencer.  Initially it was difficult for her to find investors.  She was able to get start up costs through a $20,000 grant she was awarded.  A journalist by trade, Spencer is a radio show host in Washington DC.  She also founded Empower Magazine in 2010 “to help change the way black people are portrayed in media”.  Sounds like an exciting venture!  Glad to hear about KweliTV and Ms. Spencer changing the media landscape!

Check out the website for more info!
http://www.kweli.tv/

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