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The following program is a tribute

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to Earl G.

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Graves, Sr., founder of Black

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Enterprise Magazine.

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In Black America, spoke with Graves

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in November of 2001.

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Graves died on April 6,

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2020.

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He was 85.

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From the University of Texas

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at Austin, KUT Radio,

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this is In Black America.

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People kept saying to me, how'd you

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do what you did?

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And I'd say, well, you know, one day

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I'll write it. And then somebody

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said to me you know if you wrote it,

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you could make some money,

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you'd get some publicity

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and it would work out.

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Well, it was tough because you know

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I'm not disciplined enough to want

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to sit down and start thinking

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back to what I did and

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looking at it and we're talking

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about doing this over oh, it's

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really working at the heart to get a

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book banged out even with somebody

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who's working with you And I did

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have someone work with me.

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That person fopped at me and made

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some nice talking out loud and that

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person's sitting there piping away

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in a computer.

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Laptop as we talked and taking notes

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at the same time, then coming back

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and cutting it in and putting it

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back together.

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And people who are going to publish

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a book for you expect to make money,

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and I must say to you that I got my

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first royalty check at the beginning

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of this year.

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So it means I got paid in advance

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for the book.

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They did it what I think was a very

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reasonable sense of...

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Marketing of the man of the book in

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terms of when it was added and I

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guess it's been about three years

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ago I did this thing We

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did a book tour all over the country

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which turned out to be very

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successful We made the New York

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Times bestseller business that she

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made the Wall Street Journal

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bestsellers this

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Earl G.

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Graves Sr., Founder and Publisher,

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Black Enterprise Magazine.

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Black Enterprise magazine is the

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premier business news publication

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for African-American entrepreneurs,

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corporate executives, professionals

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and decision makers.

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Graves has been a tremendous force

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in leading the black business

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community to new heights and

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a nationally recognized authority on

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black business development.

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In 1972, he

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was named one of the ten most

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outstanding minority businessmen in

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the country. By President Nixon.

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In 1974, he was named

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one of Time Magazine's 200

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future leaders of the country.

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In 1970, with a $175,000

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loan, he started his publication.

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I'm Johnny O.

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Hanson Jr.

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And welcome to another edition of In

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Black America.

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On this week's program, Black

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Enterprise Magazine with founder

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and publisher Earl G.

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Graves Sr. In Black America

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At the end of the day, I urge

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your listeners to aspire

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to all the things I've talked about

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and go even further than I've gone,

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but in addition to that, look back

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and not forget to help those

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who are less fortunate along the

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way, because if you were fortunate,

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you got to reach back and do it.

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In addition, don't forget to take

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care of yourself, male or female,

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getting up three or four days a week

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if you only walk three miles.

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I was just off in the Caribbean

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getting on a re-degree last week and

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I walked six miles a day before

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breakfast. And i urge people to do

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that because taking care of yourself

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is very very important to read it in

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your life talking tonight at least

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we have to change it a couple of

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times because i would have an annual

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physical at howard university but

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they're outstanding doctors here and

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and it's a place where i'm also a

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trustee and so i believe in

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also doing business with the

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i do business with himself when

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it comes even my medical here i

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believe that i should find qualified

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african-american doctors and

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African-American lawyers and whether

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they're he or she.

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They can do the job I want to do

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business with them.

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Errol Graves has served as publisher

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of Black Enterprise for 30 years.

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He is continually sought after as a

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keynote speaker by small and

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large corporations alike and is

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the author of the book entitled How

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to Succeed in Business Without

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Being White.

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Graves had shown himself to be more

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than just a successful businessman.

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He is a role model for all African

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Americans.

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Born and raised in Brooklyn, New

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York, he graduated from Morgan State

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University in 1957

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with a BA in economics.

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The business school there bears his

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name. Until recently, he served

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as chairman and CEO of Pepsi

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Cola of Washington DC,

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the largest minority controlled

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Pepsi Cola franchise in the country.

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During the span of his business and

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professional career, he has received

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numerous awards and honors for his

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outstanding business leadership and

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community service.

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Recently in Black America, spoke

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with Earl G.

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Graves, senior.

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I grew up in a household where my

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mother and father were very much

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there father and mother in

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particular father and a house with a

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democracy with a very small d

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uh... Democracy and turn what it was

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uh... He demanded that my

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sister my two sisters and my brother

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and i all do well in school

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being co-cated and and have it

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home that we have to be somebody

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that we have to own something that

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we had to do well and when i was

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growing up in what was then beckford

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stuyvesant there was a consent of

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community meaning that uh...

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If we did something wrong and mrs

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williams who was only up the street

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about three or four dollars would

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first come down and give me a

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whacking if i wouldn't do it right

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and then go back up to sit in the

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winter when she saw my father coming

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down the street from work very tired

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from the job that he had probably

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she would come down all called to

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the from the witness that i had

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acted up to that matter if i get a

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double-dealing one from his wings

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had already taken care of it and

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then my father to make sure that i

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got the message I don't

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think that made me a bad person.

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I don't mean to make this response

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as long as it is, but

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I grew up, and I also had my first

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deal with my entrepreneurial

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yearnings, if you will.

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Okay.

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I was selling christmas cards at

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eight seven in my i route if you

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will on my sales area

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the square block i lived on i have

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to keep making right turn for that

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was not allowed to cross three

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so when i got to the corner made a

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right turn went down the other side

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of the block and uh...

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Covered a whole square and it within

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that square when they were several

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thousand people uh...

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In terms of uh...

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The area that grew up in

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How did you happen to select Morgan

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State?

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I worked in a library is one of the

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many jobs that i had to run up

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uh... Through all the way to high

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school was working

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in i've been in fact getting paid

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fifty seven cents an hour

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and it was a general working there

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with a name of sam young who i have

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many many times have hoped i would

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have found him i don't even know if

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he's still alive and if you were

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even hearing this broadcast and

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said that i'm the same sam young

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used to work in library delighted

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to know when he still alive adjust

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and notes because he took me

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down to Morgan on a visit.

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I listen to him talk about morgan

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over the course of a couple years he

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was a graduate of morgan stated in

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went on to and why you i think it

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wasn't that is passes degree

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in library science and uh...

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He talked about this morgan state

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all the time i went down and up on

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just one trip and fell in love i

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thought i'd never been on a real

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college campus before went

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down in the and i thought it was it

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was baccalaureate day which is mean

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to stay the uh...

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Religious ceremonies having to do

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with the graduation which was going

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to be the next day and here all of

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these young men who were Well,

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the tenants are ready.

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And they were going to be sworn in

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as officially as a Tennyson next

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day, and they would walk around and

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here was a campus with a track and a

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football field, and I was just

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dazzled, and I came home and made up

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my mind that I want to go away to

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school.

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Well, the rest of it is history.

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Forty-five years later, I graduated

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at Morgan State.

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I have a business school at Morgan

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State University, which is our

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largest school on the campus in

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terms of the number of students in

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it, and the name of the school is

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the Earl G. Gray School of Business

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and management.

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And so what let's just say that

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morgan gave me something in terms

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of an education and over the last

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forty years or forty five years i've

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given back to morgan and

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i think in a very meaningful way in

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terms that what i got from that

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school and what i think i have an

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obligation to get back but of course

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if you and i both know john and we

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discussed this before this is

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something that uh...

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We both believe in and that is to

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giving back with the n a c p or

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whether or not it's operation place

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for Jesse Jackson or the Urban

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League or the

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southern christian leadership

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conference or and the

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program that mrs king London in

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memory of dr king all

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00:08:04,330 --> 00:08:06,309
the colleges that we attend uh...

284
00:08:06,310 --> 00:08:08,349
I i've now spoken probably though

285
00:08:08,350 --> 00:08:10,209
sixty different college graduations

286
00:08:10,210 --> 00:08:12,109
in that i'll be almost as many

287
00:08:12,110 --> 00:08:14,009
honorary degrees and

288
00:08:14,010 --> 00:08:15,529
i and i look forward to doing it all

289
00:08:15,530 --> 00:08:17,369
the time because

290
00:08:17,370 --> 00:08:18,849
i think that and the young people

291
00:08:18,850 --> 00:08:20,369
need to know what the challenges are

292
00:08:20,370 --> 00:08:22,309
they need to now what it is to

293
00:08:22,310 --> 00:08:23,949
to accumulate wealth and build

294
00:08:23,950 --> 00:08:26,069
wealth because i believe today that

295
00:08:26,070 --> 00:08:27,279
if we're Yeah.

296
00:08:27,280 --> 00:08:29,279
Have the position we sure to

297
00:08:29,280 --> 00:08:30,859
need to have and and and this

298
00:08:30,860 --> 00:08:32,839
country then we have to do it by

299
00:08:32,840 --> 00:08:34,119
wealth accumulation we're not going

300
00:08:34,120 --> 00:08:36,619
to do by this and and itself

301
00:08:36,620 --> 00:08:38,158
owning a house we have have

302
00:08:38,159 --> 00:08:39,538
something we're going to pass on the

303
00:08:39,539 --> 00:08:40,999
future generation

304
00:08:41,000 --> 00:08:42,879
Why and when did you become

305
00:08:42,880 --> 00:08:44,759
an administrative assistant to the

306
00:08:44,760 --> 00:08:45,659
late U.S.

307
00:08:45,660 --> 00:08:46,819
Attorney General and Senator Robert

308
00:08:46,820 --> 00:08:47,969
F. Kennedy?

309
00:08:47,970 --> 00:08:49,329
You've done your research very well

310
00:08:49,330 --> 00:08:50,869
job but i don't surprise that's why

311
00:08:50,870 --> 00:08:52,709
you're successful as you are i work

312
00:08:52,710 --> 00:08:54,349
for robert kennedy full-time from

313
00:08:54,350 --> 00:08:56,349
nineteen sixty five to sixty eight

314
00:08:56,350 --> 00:08:58,969
uh... I joined his staff

315
00:08:58,970 --> 00:09:00,869
uh... I first had worked during his

316
00:09:00,870 --> 00:09:02,089
president and when his brother was

317
00:09:02,090 --> 00:09:04,489
president as a federal agent and

318
00:09:04,490 --> 00:09:06,369
uh... With the tragedy of of his

319
00:09:06,370 --> 00:09:08,369
death and and that's robert

320
00:09:08,370 --> 00:09:10,009
kennedy not at the at stepping down

321
00:09:10,010 --> 00:09:11,949
to be an attorney general and on

322
00:09:11,950 --> 00:09:13,249
all of this came under him as

323
00:09:13,250 --> 00:09:15,309
attorney general and i went into

324
00:09:15,310 --> 00:09:17,779
back into real estate where I had.

325
00:09:17,780 --> 00:09:19,719
Done some sales before and have been

326
00:09:19,720 --> 00:09:21,559
quite successful at it when

327
00:09:21,560 --> 00:09:22,859
senator kennedy ran for the senate

328
00:09:22,860 --> 00:09:24,139
nineteen sixty-four i had the

329
00:09:24,140 --> 00:09:25,699
opportunity to some volunteer work

330
00:09:25,700 --> 00:09:27,579
for him and and that's by the

331
00:09:27,580 --> 00:09:29,079
way the reason that this campaign

332
00:09:29,080 --> 00:09:30,759
that's coming up is so important to

333
00:09:30,760 --> 00:09:32,399
me i i assume that by the time this

334
00:09:32,400 --> 00:09:34,619
is the election will be over

335
00:09:34,620 --> 00:09:35,499
uh...

336
00:09:35,500 --> 00:09:37,559
But it and i said it elections have

337
00:09:37,560 --> 00:09:38,859
a very special meaning for me

338
00:09:38,860 --> 00:09:40,159
because i really had the tragedy

339
00:09:40,160 --> 00:09:42,079
robert kennedy staff at not

340
00:09:42,080 --> 00:09:43,139
happen, he would have been President

341
00:09:43,140 --> 00:09:44,479
of the United States.

342
00:09:44,480 --> 00:09:45,959
Our country would be a much better

343
00:09:45,960 --> 00:09:47,439
place in a much different place and

344
00:09:47,440 --> 00:09:48,899
we would not still be arguing about

345
00:09:48,900 --> 00:09:50,819
equality at least not to the extent

346
00:09:50,820 --> 00:09:52,259
that we are today uh...

347
00:09:52,260 --> 00:09:53,619
But i work for killing two sixty

348
00:09:53,620 --> 00:09:55,219
eight with the tragedy of his death

349
00:09:55,220 --> 00:09:56,979
assassination uh...

350
00:09:56,980 --> 00:09:58,539
I went into business myself in

351
00:09:58,540 --> 00:10:00,599
nineteen sixty eight in it nineteen

352
00:10:00,600 --> 00:10:02,279
sixty ninety i didn't contemplate

353
00:10:02,280 --> 00:10:04,079
black enterprise magazine came along

354
00:10:04,080 --> 00:10:05,859
in august of nineteen seventy its

355
00:10:05,860 --> 00:10:07,698
first issue came out

356
00:10:07,699 --> 00:10:09,239
and and this august we just

357
00:10:09,240 --> 00:10:10,699
celebrated thirty years of black

358
00:10:10,700 --> 00:10:12,379
enterprise in circulation as of

359
00:10:12,380 --> 00:10:14,159
january first will have a guarantee

360
00:10:14,160 --> 00:10:16,239
of over four hundred thousand

361
00:10:16,240 --> 00:10:17,779
there are four million readers of

362
00:10:17,780 --> 00:10:19,919
black and a price magazine and

363
00:10:19,920 --> 00:10:21,699
we have three sons that work in the

364
00:10:21,700 --> 00:10:23,079
first business is that we have to

365
00:10:23,080 --> 00:10:24,879
offer work directly within doing

366
00:10:24,880 --> 00:10:26,959
things with the magazine and uh...

367
00:10:26,960 --> 00:10:27,979
You know you get a return on your

368
00:10:27,980 --> 00:10:29,299
best effort and all this tuition

369
00:10:29,300 --> 00:10:31,039
john we were talked about before if

370
00:10:31,040 --> 00:10:33,009
you if you stay with it long enough

371
00:10:33,010 --> 00:10:34,849
Having an idea is one thing,

372
00:10:34,850 --> 00:10:36,489
but putting that idea into practice

373
00:10:36,490 --> 00:10:38,029
and actually seeing it come to

374
00:10:38,030 --> 00:10:40,129
fruition. Give us a backstage

375
00:10:40,130 --> 00:10:42,089
look at once the idea

376
00:10:42,090 --> 00:10:43,949
that formulated in your brain

377
00:10:43,950 --> 00:10:45,869
of making that idea a

378
00:10:45,870 --> 00:10:46,609
reality.

379
00:10:46,610 --> 00:10:48,169
I had worked in economic development

380
00:10:48,170 --> 00:10:49,829
for robert kennedy that we have to

381
00:10:49,830 --> 00:10:51,609
work for that i was doing this

382
00:10:51,610 --> 00:10:53,109
full-time tried to think i'm going

383
00:10:53,110 --> 00:10:54,569
to do a real estate development and

384
00:10:54,570 --> 00:10:55,629
think that we do a health care

385
00:10:55,630 --> 00:10:57,769
delivery and i did something that

386
00:10:57,770 --> 00:10:59,389
i think i have to do with uh...

387
00:10:59,390 --> 00:11:01,269
Other areas of urban planning to

388
00:11:01,270 --> 00:11:03,169
happen to do it cities

389
00:11:03,170 --> 00:11:05,029
of of new york state he was

390
00:11:05,030 --> 00:11:06,609
a senator from the junior senator

391
00:11:06,610 --> 00:11:08,469
from new yorke and senator javits

392
00:11:08,470 --> 00:11:10,609
the republican senior senator

393
00:11:10,610 --> 00:11:13,089
very liberal and also a good man

394
00:11:13,090 --> 00:11:15,169
and in any event With the tragedy

395
00:11:15,170 --> 00:11:17,109
of his death it really doesn't

396
00:11:17,110 --> 00:11:18,689
matter what we're going to do i

397
00:11:18,690 --> 00:11:20,149
think uh... I didn't cover the front

398
00:11:20,150 --> 00:11:22,469
repeating myself stop me uh...

399
00:11:22,470 --> 00:11:23,869
And so looking at what the

400
00:11:23,870 --> 00:11:25,489
opportunities might be i first

401
00:11:25,490 --> 00:11:27,429
thought of an idea of a newsletter

402
00:11:27,430 --> 00:11:29,009
and then somebody suggested to me if

403
00:11:29,010 --> 00:11:30,589
i can do a newsletter why not do a

404
00:11:30,590 --> 00:11:31,729
magazine what since i didn't know

405
00:11:31,730 --> 00:11:32,769
very much about a newsletter

406
00:11:32,770 --> 00:11:34,849
probably even less about a magazine

407
00:11:34,850 --> 00:11:36,529
in the media to make some sense i

408
00:11:36,530 --> 00:11:37,929
wouldn't ask for some advice from

409
00:11:37,930 --> 00:11:39,929
people like you what kind of stuff i

410
00:11:39,930 --> 00:11:41,289
i thought they did something about a

411
00:11:41,290 --> 00:11:42,569
bag of a big office and help

412
00:11:42,570 --> 00:11:43,469
particularly people in the

413
00:11:43,470 --> 00:11:44,999
advertising industry.

414
00:11:45,000 --> 00:11:46,219
And drove home the importance of

415
00:11:46,220 --> 00:11:47,359
what advertising was going to mean

416
00:11:47,360 --> 00:11:49,319
because certainly i know full

417
00:11:49,320 --> 00:11:50,799
well one having been in the radio

418
00:11:50,800 --> 00:11:52,119
business and done so fairly

419
00:11:52,120 --> 00:11:54,019
successfully and two days

420
00:11:54,020 --> 00:11:55,919
and knowing for the success and what

421
00:11:55,920 --> 00:11:57,299
it took for you to get where you are

422
00:11:57,300 --> 00:11:59,419
with your programming and

423
00:11:59,420 --> 00:12:01,039
your stations because we are both in

424
00:12:01,040 --> 00:12:02,559
the communication business in my

425
00:12:02,560 --> 00:12:04,419
case in print and your case in

426
00:12:04,420 --> 00:12:06,379
broadcast but both of us have

427
00:12:06,380 --> 00:12:07,919
to go out and get those almighty

428
00:12:07,920 --> 00:12:09,719
advertising dollars and therefore i

429
00:12:09,720 --> 00:12:11,299
have to have a vehicle meaning that

430
00:12:11,300 --> 00:12:12,679
magazine that was going to warrant

431
00:12:12,680 --> 00:12:14,759
people Why need to advertise?

432
00:12:14,760 --> 00:12:16,729
Well... We get a couple of dollars

433
00:12:16,730 --> 00:12:18,349
shy of doing forty million dollars a

434
00:12:18,350 --> 00:12:20,729
year now with the magazine alone

435
00:12:20,730 --> 00:12:22,169
and so i would see when you reach

436
00:12:22,170 --> 00:12:23,469
that level uh...

437
00:12:23,470 --> 00:12:25,169
We are we are number sixty five in

438
00:12:25,170 --> 00:12:26,489
growth out of the thousands of

439
00:12:26,490 --> 00:12:27,609
magazine you have in this country

440
00:12:27,610 --> 00:12:29,449
this year in terms of uh...

441
00:12:29,450 --> 00:12:31,229
The increases in sales that we have

442
00:12:31,230 --> 00:12:33,089
enjoyed i have to give a lot of

443
00:12:33,090 --> 00:12:34,009
credit to uh...

444
00:12:34,010 --> 00:12:35,389
Two of our sons who are directly

445
00:12:35,390 --> 00:12:37,229
involved with the magazine and i

446
00:12:37,230 --> 00:12:38,589
think we have to get credit to the

447
00:12:38,590 --> 00:12:39,949
fact that we haven't outstanding

448
00:12:39,950 --> 00:12:41,329
editorial staff we have an

449
00:12:41,330 --> 00:12:42,509
outstanding group of young people

450
00:12:42,510 --> 00:12:44,189
work for it not as my two sons,

451
00:12:44,190 --> 00:12:45,839
although I'm very proud of them.

452
00:12:45,840 --> 00:12:46,639
And uh...

453
00:12:46,640 --> 00:12:47,959
And and and more more people

454
00:12:47,960 --> 00:12:49,379
recognize the importance of what

455
00:12:49,380 --> 00:12:51,239
we're saying and where how to book

456
00:12:51,240 --> 00:12:53,699
with saying the people we

457
00:12:53,700 --> 00:12:55,619
we mean to show the way in and

458
00:12:55,620 --> 00:12:56,899
and we say talking about the

459
00:12:56,900 --> 00:12:58,579
importance of wealth saving and and

460
00:12:58,580 --> 00:13:00,439
wealth accumulation and

461
00:13:00,440 --> 00:13:01,959
we're talking about importance of

462
00:13:01,960 --> 00:13:03,859
planning for the future and i

463
00:13:03,860 --> 00:13:06,279
think what gave me

464
00:13:06,280 --> 00:13:08,659
more of a more of the area

465
00:13:08,660 --> 00:13:10,199
push in the right direction with

466
00:13:10,200 --> 00:13:11,699
setting goals for myself i've done

467
00:13:11,700 --> 00:13:13,159
that I can think all the way back

468
00:13:13,160 --> 00:13:14,609
when I was eight or nine years old.

469
00:13:14,610 --> 00:13:16,129
When I have a bicycle, I went out

470
00:13:16,130 --> 00:13:17,349
and saved money by selling Christmas

471
00:13:17,350 --> 00:13:19,329
cards to do that, and I couldn't

472
00:13:19,330 --> 00:13:20,229
have been any more than eight years

473
00:13:20,230 --> 00:13:21,929
old. I wanted to be a lifeguard.

474
00:13:21,930 --> 00:13:23,889
I made up my mind that I was going

475
00:13:23,890 --> 00:13:24,829
to swim, because I knew at the

476
00:13:24,830 --> 00:13:25,869
beach, that's where all the young

477
00:13:25,870 --> 00:13:27,429
girls were, and they were paying

478
00:13:27,430 --> 00:13:29,249
$10.05 a day, and that was

479
00:13:29,250 --> 00:13:30,949
a lot of money when I was in

480
00:13:30,950 --> 00:13:32,729
college, and so I went down and kept

481
00:13:32,730 --> 00:13:34,449
on practicing swimming and became

482
00:13:34,450 --> 00:13:36,369
that lifeguard, and knew

483
00:13:36,370 --> 00:13:37,729
I wanted be an officer in the Army,

484
00:13:37,730 --> 00:13:39,789
went to the ROTC, did that, and was

485
00:13:39,790 --> 00:13:41,289
fairly successful at that, although

486
00:13:41,290 --> 00:13:42,469
I didn't stay in the service.

487
00:13:42,470 --> 00:13:43,649
When I got out, I was like...

488
00:13:43,650 --> 00:13:45,509
Captain in the Special Forces,

489
00:13:45,510 --> 00:13:46,629
which is, you remember, it's the

490
00:13:46,630 --> 00:13:46,750
Green Berets.

491
00:13:46,751 --> 00:13:47,751
Right, right, right.

492
00:13:49,290 --> 00:13:51,049
And if you ask me a metal what a

493
00:13:51,050 --> 00:13:53,089
wonderful woman who i met

494
00:13:53,090 --> 00:13:54,489
and we have now been married forty

495
00:13:54,490 --> 00:13:56,349
years and i met her first of

496
00:13:56,350 --> 00:13:57,589
all i thought you had it that's what

497
00:13:57,590 --> 00:13:58,769
the leg that everything about that

498
00:13:58,770 --> 00:14:00,629
you wouldn't just pretty she was

499
00:14:00,630 --> 00:14:02,669
but you know you you got a look all

500
00:14:02,670 --> 00:14:03,789
over the court my mother was

501
00:14:03,790 --> 00:14:05,129
mortified because she decided she

502
00:14:05,130 --> 00:14:06,469
had a warm person out there but i

503
00:14:06,470 --> 00:14:07,949
think that mom i can't go on pretty

504
00:14:07,950 --> 00:14:09,129
now that i got a ride the subway

505
00:14:09,130 --> 00:14:11,009
with this lady so she's got a book

506
00:14:11,010 --> 00:14:13,389
certainly so i i i

507
00:14:13,390 --> 00:14:15,110
found a lady who i very much about

508
00:14:16,720 --> 00:14:18,439
And we become more and more partners

509
00:14:18,440 --> 00:14:19,679
and friends as our marriage

510
00:14:19,680 --> 00:14:21,099
continues.

511
00:14:21,100 --> 00:14:22,759
We have three sons, I said, three

512
00:14:22,760 --> 00:14:23,779
daughter-in-laws and seven

513
00:14:23,780 --> 00:14:24,979
grandchildren.

514
00:14:24,980 --> 00:14:26,199
And so I think I'm very blessed.

515
00:14:26,200 --> 00:14:27,819
And I don't think I do what I do by

516
00:14:27,820 --> 00:14:29,219
myself. By the way, I have a belief

517
00:14:29,220 --> 00:14:31,399
in the God that says that you've

518
00:14:31,400 --> 00:14:33,399
got to set those same goals and

519
00:14:33,400 --> 00:14:34,759
then on occasion get down on your

520
00:14:34,760 --> 00:14:36,219
knees and remember that you got to

521
00:14:36,220 --> 00:14:37,519
give something back and that it all

522
00:14:37,520 --> 00:14:38,659
doesn't come to you just because

523
00:14:38,660 --> 00:14:39,519
you're smart.

524
00:14:39,520 --> 00:14:41,239
You're listening to In Black America

525
00:14:41,240 --> 00:14:42,199
with Johnny L.

526
00:14:42,200 --> 00:14:43,219
Hansen Jr.

527
00:14:43,220 --> 00:14:44,739
We'll be back with more of our

528
00:14:44,740 --> 00:14:46,539
conversation in just a moment.

529
00:14:47,740 --> 00:14:49,739
And now back to this episode of

530
00:14:49,740 --> 00:14:51,099
In Black American.

531
00:14:51,100 --> 00:14:53,159
Mr. Grayson, we spoke about 15 years

532
00:14:53,160 --> 00:14:55,019
ago, you had mentioned that

533
00:14:55,020 --> 00:14:57,299
it was difficult in convincing

534
00:14:57,300 --> 00:14:59,179
advertisers to advertise in

535
00:14:59,180 --> 00:15:01,219
your magazine for the simple fact

536
00:15:01,220 --> 00:15:02,579
that they didn't believe African

537
00:15:02,580 --> 00:15:04,479
Americans was interested in business

538
00:15:04,480 --> 00:15:06,709
or interested in investing.

539
00:15:06,710 --> 00:15:09,169
I went through my stockpile

540
00:15:09,170 --> 00:15:11,209
of Black Enterprise magazine,

541
00:15:11,210 --> 00:15:13,369
found the January 83 edition,

542
00:15:14,530 --> 00:15:16,409
64 pages.

543
00:15:16,410 --> 00:15:19,169
Curring edition that I located,

544
00:15:19,170 --> 00:15:20,729
September 2000, which is an

545
00:15:20,730 --> 00:15:23,069
anniversary edition, 216

546
00:15:23,070 --> 00:15:23,929
pages.

547
00:15:23,930 --> 00:15:25,809
What has changed since

548
00:15:25,810 --> 00:15:26,589
then?

549
00:15:26,590 --> 00:15:27,709
Well, first of all, and most

550
00:15:27,710 --> 00:15:29,549
importantly, I have this here on

551
00:15:29,550 --> 00:15:30,409
top of my head.

552
00:15:30,410 --> 00:15:31,470
Okay, you in it!

553
00:15:32,560 --> 00:15:34,579
From trying to make this thing fly

554
00:15:34,580 --> 00:15:36,479
uh... But we have a week we had

555
00:15:36,480 --> 00:15:38,399
a a strategy we had planned

556
00:15:38,400 --> 00:15:39,859
we had to go uh...

557
00:15:39,860 --> 00:15:41,219
We knew that we wanted to be we

558
00:15:41,220 --> 00:15:43,159
wanted this a how-to who i say

559
00:15:43,160 --> 00:15:44,399
my people all the time we're not

560
00:15:44,400 --> 00:15:45,779
saying how to and i do in the top

561
00:15:45,780 --> 00:15:47,299
because i like it he really is

562
00:15:47,300 --> 00:15:49,459
talking to people i would take the

563
00:15:49,460 --> 00:15:51,479
in agent thirty nine

564
00:15:51,480 --> 00:15:53,079
if they're about but i mean it is it

565
00:15:53,080 --> 00:15:54,599
is for the person getting out of

566
00:15:54,600 --> 00:15:55,939
college it is where the person in

567
00:15:55,940 --> 00:15:57,099
college if we there's something

568
00:15:57,100 --> 00:15:58,819
there for everyone it's the person

569
00:15:58,820 --> 00:16:00,199
was looking at another career they

570
00:16:00,200 --> 00:16:01,859
retired from the army at age thirty

571
00:16:01,860 --> 00:16:03,399
nine every time from being a police

572
00:16:03,400 --> 00:16:05,179
woman and they want to do something

573
00:16:05,180 --> 00:16:07,179
else every time

574
00:16:07,180 --> 00:16:09,179
but what we in terms of

575
00:16:09,180 --> 00:16:11,199
what we wanted the magazine to do

576
00:16:11,200 --> 00:16:13,259
and now that and thirty years later

577
00:16:13,260 --> 00:16:15,119
job quite frankly with people the

578
00:16:15,120 --> 00:16:16,719
advertisers believe it we have some

579
00:16:16,720 --> 00:16:18,199
of the most upscale advertising a

580
00:16:18,200 --> 00:16:19,759
file in the country correct a second

581
00:16:19,760 --> 00:16:21,519
area of advertising if they are

582
00:16:21,520 --> 00:16:22,739
financial service companies.

583
00:16:22,740 --> 00:16:23,559
What are you talking about, Merrill

584
00:16:23,560 --> 00:16:25,689
Lynch? It on the dean whether you're

585
00:16:25,690 --> 00:16:26,949
talking about the bank of america

586
00:16:26,950 --> 00:16:28,689
you come at jay's manhattan bank you

587
00:16:28,690 --> 00:16:30,189
talk about american express which is

588
00:16:30,190 --> 00:16:32,049
huge advertisement it's on the

589
00:16:32,050 --> 00:16:33,629
job swap where we know the bullshit

590
00:16:33,630 --> 00:16:36,609
mr swabin and uh...

591
00:16:36,610 --> 00:16:38,429
They potrack o'sheep the code in

592
00:16:38,430 --> 00:16:40,569
a co-CEO of that company but

593
00:16:40,570 --> 00:16:42,229
a very few entity to a top but in

594
00:16:42,230 --> 00:16:43,709
that area we don't do business we do

595
00:16:43,710 --> 00:16:45,949
a a a ton of business with

596
00:16:45,950 --> 00:16:47,829
the auto industry and a very upscale

597
00:16:47,830 --> 00:16:49,729
cause with all the big three

598
00:16:49,730 --> 00:16:52,109
iota Mercedes Benz,

599
00:16:52,110 --> 00:16:54,349
now Nicole Daimler-Benz.

600
00:16:54,350 --> 00:16:56,109
We do business with across the board

601
00:16:56,110 --> 00:16:58,729
with bmw polvo

602
00:16:58,730 --> 00:17:00,709
uh... Jaga jaga war

603
00:17:00,710 --> 00:17:02,989
uh... And that is to mention those

604
00:17:02,990 --> 00:17:03,869
uh...

605
00:17:03,870 --> 00:17:05,449
If you look at the upscale look of

606
00:17:05,450 --> 00:17:07,429
brands we we certainly do an area

607
00:17:07,430 --> 00:17:09,489
of business with those uh...

608
00:17:09,490 --> 00:17:11,269
When the colleges who are looking in

609
00:17:11,270 --> 00:17:12,749
and people recruiting we have the

610
00:17:12,750 --> 00:17:14,129
number one magazine in the country

611
00:17:14,130 --> 00:17:16,309
for recruitment advertising because

612
00:17:16,310 --> 00:17:17,949
the people to read our magazine in a

613
00:17:17,950 --> 00:17:19,789
people that that

614
00:17:19,790 --> 00:17:20,889
businesses are looking for.

615
00:17:20,890 --> 00:17:22,149
And the other thing you need to
understand,

616
00:17:22,150 --> 00:17:23,039
we're not, we are.

617
00:17:23,040 --> 00:17:24,358
Twenty-percent of the people read

618
00:17:24,359 --> 00:17:25,818
our magazine of people actually a

619
00:17:25,819 --> 00:17:27,318
business people put the key in the

620
00:17:27,319 --> 00:17:29,419
door themselves owning that business

621
00:17:29,420 --> 00:17:31,119
eighty-two eighty-five percent of

622
00:17:31,120 --> 00:17:32,339
the keyboard people work in

623
00:17:32,340 --> 00:17:33,759
corporate america people work at

624
00:17:33,760 --> 00:17:35,639
radio station the people and you

625
00:17:35,640 --> 00:17:37,239
know at a radio station is one owner

626
00:17:37,240 --> 00:17:38,939
to own it unless it's a partnership

627
00:17:38,940 --> 00:17:40,419
or this is a corporation of some

628
00:17:40,420 --> 00:17:41,299
kind of uh...

629
00:17:41,300 --> 00:17:43,219
Public cooperation and then

630
00:17:43,220 --> 00:17:44,519
the other people work there they are

631
00:17:44,520 --> 00:17:46,079
very very good at what they do for

632
00:17:46,080 --> 00:17:47,719
me for example one of the best

633
00:17:47,720 --> 00:17:49,299
broadcasted in the country is

634
00:17:49,300 --> 00:17:50,979
probably you and i would agree It's

635
00:17:50,980 --> 00:17:51,809
time to join it.

636
00:17:51,810 --> 00:17:53,469
He works for a bc it does a hell of

637
00:17:53,470 --> 00:17:55,429
a job and he's a good friend but the

638
00:17:55,430 --> 00:17:57,369
fact that he we may own stock in

639
00:17:57,370 --> 00:17:59,269
a b c but he doesn't own that

640
00:17:59,270 --> 00:18:01,129
company right he's an owner by ship

641
00:18:01,130 --> 00:18:02,669
by virtue on its own of the stock

642
00:18:02,670 --> 00:18:04,269
and yet he he's and outstanding

643
00:18:04,270 --> 00:18:05,769
executive one of the premier

644
00:18:05,770 --> 00:18:07,269
personalities in this country

645
00:18:07,270 --> 00:18:08,949
whether you come up broadcast you

646
00:18:08,950 --> 00:18:10,269
just talking about another area

647
00:18:10,270 --> 00:18:11,589
where a person develops himself

648
00:18:11,590 --> 00:18:13,869
herself into being a first-past

649
00:18:13,870 --> 00:18:15,409
personality uh...

650
00:18:15,410 --> 00:18:16,889
And so i am talking to the people

651
00:18:16,890 --> 00:18:18,729
who work at i p m i'm talking of

652
00:18:18,730 --> 00:18:20,709
the people who work at Lucent,

653
00:18:20,710 --> 00:18:21,989
what used to be Lucent.

654
00:18:21,990 --> 00:18:23,409
I talk i'm talking to people who

655
00:18:23,410 --> 00:18:25,169
work in a tn tm tone of people that

656
00:18:25,170 --> 00:18:26,629
work at airlines and talking to keep

657
00:18:26,630 --> 00:18:28,249
it working uh...

658
00:18:28,250 --> 00:18:30,209
Major multinational corporations and

659
00:18:30,210 --> 00:18:32,109
and i'm cost talking to those people

660
00:18:32,110 --> 00:18:33,589
who worked at black businesses

661
00:18:33,590 --> 00:18:34,969
whether or not that the radio

662
00:18:34,970 --> 00:18:36,509
station this black program black

663
00:18:36,510 --> 00:18:38,129
dollar i'm talking about a company

664
00:18:38,130 --> 00:18:39,809
such as my own talk about the people

665
00:18:39,810 --> 00:18:41,029
that since i'm talking with the

666
00:18:41,030 --> 00:18:43,349
people at at auto dealerships

667
00:18:43,350 --> 00:18:45,509
with someone who's african-american

668
00:18:45,510 --> 00:18:47,509
owns a dealership And so we have

669
00:18:47,510 --> 00:18:49,309
a broad range, the reason that we

670
00:18:49,310 --> 00:18:50,869
enjoy the.

671
00:18:50,870 --> 00:18:52,449
Popularity i think we do today is

672
00:18:52,450 --> 00:18:54,309
because we have well we have

673
00:18:54,310 --> 00:18:56,149
promised our readers and subscribers

674
00:18:56,150 --> 00:18:58,229
to do we have done as an entity

675
00:18:58,230 --> 00:18:59,929
Why is it important for black

676
00:18:59,930 --> 00:19:01,789
enterprise to publish the

677
00:19:01,790 --> 00:19:03,239
B.E. 100S?

678
00:19:03,240 --> 00:19:05,339
We had looked at um...

679
00:19:05,340 --> 00:19:06,799
Measuring businesses in this country

680
00:19:06,800 --> 00:19:08,459
and and uh...

681
00:19:08,460 --> 00:19:09,679
That made up our mind in nineteen

682
00:19:09,680 --> 00:19:11,559
seventy three you know i i read

683
00:19:11,560 --> 00:19:13,339
it is an hour and hour at a close

684
00:19:13,340 --> 00:19:15,259
step there was time to have a

685
00:19:15,260 --> 00:19:17,079
uh... Compilation of what the

686
00:19:17,080 --> 00:19:18,439
leading black-owned businesses were

687
00:19:18,440 --> 00:19:19,679
in the country in the first time we

688
00:19:19,680 --> 00:19:21,499
did it within i think

689
00:19:21,500 --> 00:19:23,079
the total revenues will form a

690
00:19:23,080 --> 00:19:25,459
seventy three million dollars and

691
00:19:25,460 --> 00:19:26,879
it and the number one company in

692
00:19:26,880 --> 00:19:28,399
nineteen seventeen with the motown

693
00:19:28,400 --> 00:19:30,120
records for Motown Industries, which

694
00:19:30,121 --> 00:19:31,989
was Barry Gordy's company.

695
00:19:31,990 --> 00:19:33,849
Today the number one company by

696
00:19:33,850 --> 00:19:35,849
itself is in excess of

697
00:19:35,850 --> 00:19:37,229
forty seventy three million dollars

698
00:19:37,230 --> 00:19:38,529
so you can show you the progress we

699
00:19:38,530 --> 00:19:40,469
have made and it is and that it is

700
00:19:40,470 --> 00:19:42,269
almost nineteen seventy three so

701
00:19:42,270 --> 00:19:44,089
we're talking twenty something years

702
00:19:44,090 --> 00:19:45,349
uh... That we've been doing this

703
00:19:45,350 --> 00:19:47,169
list we have now divided the

704
00:19:47,170 --> 00:19:49,149
business of one half of the list if

705
00:19:49,150 --> 00:19:51,089
you will one half of a b one hundred

706
00:19:51,090 --> 00:19:52,189
which is actually two other

707
00:19:52,190 --> 00:19:53,909
companies are the auto dealership

708
00:19:53,910 --> 00:19:55,709
separate this and then what we call

709
00:19:55,710 --> 00:19:57,729
the industrial service companies my

710
00:19:57,730 --> 00:19:59,889
own company, we've had historically

711
00:19:59,890 --> 00:20:01,949
two companies that I just sold.

712
00:20:01,950 --> 00:20:03,809
I've had to call the business in

713
00:20:03,810 --> 00:20:05,749
washington dc and stay invested

714
00:20:05,750 --> 00:20:06,989
with pepsi call this one of the

715
00:20:06,990 --> 00:20:08,249
outstanding corporations in this

716
00:20:08,250 --> 00:20:10,469
country if not in the world

717
00:20:10,470 --> 00:20:11,689
uh... From a brand important if you

718
00:20:11,690 --> 00:20:13,049
want to come to do business with

719
00:20:13,050 --> 00:20:14,789
uh... But back enterprise in the

720
00:20:14,790 --> 00:20:16,329
other entities we have a still a

721
00:20:16,330 --> 00:20:18,389
part of it and

722
00:20:18,390 --> 00:20:20,009
now that we own a private equity

723
00:20:20,010 --> 00:20:21,769
company with today which is another

724
00:20:21,770 --> 00:20:23,449
thing we do uh...

725
00:20:23,450 --> 00:20:25,349
Our corporation lends money not to

726
00:20:25,350 --> 00:20:26,909
start up to not to real estate deals

727
00:20:26,910 --> 00:20:28,909
but to companies that

728
00:20:28,910 --> 00:20:30,789
are mid-size african-american other

729
00:20:30,790 --> 00:20:32,909
minority owned businesses or

730
00:20:32,910 --> 00:20:34,829
looking for money to expand to go

731
00:20:34,830 --> 00:20:36,649
to the next trying to growing at an

732
00:20:36,650 --> 00:20:37,989
entity so we're talking about people

733
00:20:37,990 --> 00:20:39,249
that do in a ready twenty five

734
00:20:39,250 --> 00:20:40,269
thirty million dollars a year

735
00:20:40,270 --> 00:20:42,509
business and looking for an investor

736
00:20:42,510 --> 00:20:44,469
who's going to put money in but also

737
00:20:44,470 --> 00:20:45,869
wants to own a part of the company

738
00:20:45,870 --> 00:20:47,769
that's what we do and then

739
00:20:47,770 --> 00:20:49,529
down the road he'd be or she will

740
00:20:49,530 --> 00:20:51,329
sell the company with and we will

741
00:20:51,330 --> 00:20:52,549
both make money if we have

742
00:20:52,550 --> 00:20:54,189
everything with and work out the way

743
00:20:54,190 --> 00:20:55,479
We mean it too.

744
00:20:55,480 --> 00:20:57,899
So we've gotten from what was

745
00:20:57,900 --> 00:20:59,799
a very

746
00:20:59,800 --> 00:21:01,759
modest listing of the companies in

747
00:21:01,760 --> 00:21:03,899
this country back in 1973 to now.

748
00:21:03,900 --> 00:21:05,199
We have a list of the banks and

749
00:21:05,200 --> 00:21:06,859
financial institutions.

750
00:21:06,860 --> 00:21:07,819
We have the list of investment

751
00:21:07,820 --> 00:21:08,859
banking firms.

752
00:21:08,860 --> 00:21:10,939
We have list of, excuse

753
00:21:10,940 --> 00:21:13,339
me, of the,

754
00:21:13,340 --> 00:21:15,199
what have I left out, let me see,

755
00:21:15,200 --> 00:21:16,479
I mentioned the banks.

756
00:21:16,480 --> 00:21:17,760
I mentioned the- Insurance

757
00:21:17,761 --> 00:21:19,059
companies? Excuse me?

758
00:21:19,060 --> 00:21:20,039
Insurance companies.

759
00:21:20,040 --> 00:21:21,179
Insurance companies, thank you, and

760
00:21:21,180 --> 00:21:22,899
the advertising companies, which are

761
00:21:22,900 --> 00:21:25,319
now a part of, if you will.

762
00:21:25,320 --> 00:21:27,599
The uh... To be one hundred so

763
00:21:27,600 --> 00:21:28,939
that it's a admit that is much

764
00:21:28,940 --> 00:21:30,659
research out people finish one year

765
00:21:30,660 --> 00:21:31,839
start doing the research for the

766
00:21:31,840 --> 00:21:33,059
next year that something you wait

767
00:21:33,060 --> 00:21:34,959
until january start doing

768
00:21:34,960 --> 00:21:36,719
i mean by january we've got a number

769
00:21:36,720 --> 00:21:38,199
of good part of the numbers for them

770
00:21:38,200 --> 00:21:40,438
for what will be a next year's list

771
00:21:40,439 --> 00:21:42,019
and so it's very exciting part of

772
00:21:42,020 --> 00:21:43,619
what we do it and people that you

773
00:21:43,620 --> 00:21:45,499
ask the once but i want i want

774
00:21:45,500 --> 00:21:47,359
to retire the edges i

775
00:21:47,360 --> 00:21:48,819
think that they'd be out feet for it

776
00:21:48,820 --> 00:21:50,219
and i feel like that great put in a

777
00:21:50,220 --> 00:21:51,599
good life and i think we're taking a

778
00:21:51,600 --> 00:21:52,820
right to the cemetery right to You

779
00:21:52,821 --> 00:21:54,889
don't know, but, uh, might, might.

780
00:21:54,890 --> 00:21:56,869
I'd i'd enjoy what i do too much

781
00:21:56,870 --> 00:21:58,309
i want to spend more more time with

782
00:21:58,310 --> 00:21:59,769
my wife would do a trip around the

783
00:21:59,770 --> 00:22:01,769
world next year

784
00:22:01,770 --> 00:22:03,189
and that's something that we want to

785
00:22:03,190 --> 00:22:04,689
do together remember john if you and

786
00:22:04,690 --> 00:22:06,089
i don't spend it our kids will

787
00:22:06,090 --> 00:22:07,409
Right? Exactly.

788
00:22:07,410 --> 00:22:08,410
Exactly.

789
00:22:08,720 --> 00:22:10,459
Uh... And i'm i thought that i enjoy

790
00:22:10,460 --> 00:22:11,899
working together must say where we

791
00:22:11,900 --> 00:22:13,479
have a very unique situation ever

792
00:22:13,480 --> 00:22:15,679
very close family vacation together

793
00:22:15,680 --> 00:22:17,259
the summertime we vacation together

794
00:22:17,260 --> 00:22:19,279
in the wintertime and uh...

795
00:22:19,280 --> 00:22:21,159
So i i i feel very blessed

796
00:22:21,160 --> 00:22:22,619
in terms of uh...

797
00:22:22,620 --> 00:22:24,199
What what my family if you ask me

798
00:22:24,200 --> 00:22:26,139
what i'd measure my success i put

799
00:22:26,140 --> 00:22:28,199
my i say my family person

800
00:22:28,200 --> 00:22:30,139
and then i think whatever i could

801
00:22:30,140 --> 00:22:31,969
keep it after

802
00:22:31,970 --> 00:22:33,269
When did you come to the realization

803
00:22:33,270 --> 00:22:34,769
that you needed to write a book?

804
00:22:34,770 --> 00:22:35,569
And you did.

805
00:22:35,570 --> 00:22:36,949
How to succeed in business without

806
00:22:36,950 --> 00:22:36,951
being white.

807
00:22:36,952 --> 00:22:38,839
I think people, I think what

808
00:22:38,840 --> 00:22:40,039
was two reasons that happened.

809
00:22:40,040 --> 00:22:41,259
One is people kept saying to me,

810
00:22:41,260 --> 00:22:42,919
how'd you do what you did?

811
00:22:42,920 --> 00:22:44,459
And I'd say, well, you know, one day

812
00:22:44,460 --> 00:22:46,099
I'll write it. And and and then

813
00:22:46,100 --> 00:22:47,199
somebody said to me you know if you

814
00:22:47,200 --> 00:22:48,619
wrote it you you could make some

815
00:22:48,620 --> 00:22:50,039
money.

816
00:22:50,040 --> 00:22:52,039
You know, you'd get some publicity

817
00:22:52,040 --> 00:22:53,479
and it would work out.

818
00:22:53,480 --> 00:22:55,039
Well, it was tough because you know

819
00:22:55,040 --> 00:22:56,619
I'm not disciplined enough to want

820
00:22:56,620 --> 00:22:58,639
to sit down and start thinking

821
00:22:58,640 --> 00:23:00,539
back to what I did and and

822
00:23:00,540 --> 00:23:02,159
and looking at it and and we're

823
00:23:02,160 --> 00:23:03,999
talking about doing this over Oh,

824
00:23:04,000 --> 00:23:05,699
it's really working at the heart.

825
00:23:05,700 --> 00:23:07,279
To get a book banged out even with

826
00:23:07,280 --> 00:23:08,699
the somebody who's working with you

827
00:23:08,700 --> 00:23:10,719
and i did have to work with me

828
00:23:10,720 --> 00:23:12,639
that person found to be a meat

829
00:23:12,640 --> 00:23:14,339
but might like talking about that

830
00:23:14,340 --> 00:23:15,579
person sitting there typing away in

831
00:23:15,580 --> 00:23:17,479
a computer laptop as we

832
00:23:17,480 --> 00:23:18,859
talked and taking notes at the same

833
00:23:18,860 --> 00:23:19,999
time and coming back and cutting

834
00:23:20,000 --> 00:23:22,219
input back together and

835
00:23:22,220 --> 00:23:23,999
people who are going to publish a

836
00:23:24,000 --> 00:23:25,479
book for respect to make money and i

837
00:23:25,480 --> 00:23:27,279
must say to you that i got my first

838
00:23:27,280 --> 00:23:28,799
royalty check the beginning of this

839
00:23:28,800 --> 00:23:30,599
year so it means i got paid in

840
00:23:30,600 --> 00:23:32,719
advance for the book They

841
00:23:32,720 --> 00:23:34,159
did it, I think, with a very

842
00:23:34,160 --> 00:23:35,689
reasonable sense of...

843
00:23:35,690 --> 00:23:37,569
Marketing out the book in terms of

844
00:23:37,570 --> 00:23:39,349
when it was added and i guess it's

845
00:23:39,350 --> 00:23:40,729
this is been about three years ago i

846
00:23:40,730 --> 00:23:42,609
did this correct we did a book

847
00:23:42,610 --> 00:23:43,889
tour all over the country which

848
00:23:43,890 --> 00:23:45,269
turned out to be very successful we

849
00:23:45,270 --> 00:23:46,929
made the new york times bestseller

850
00:23:46,930 --> 00:23:48,069
business that she made the wall

851
00:23:48,070 --> 00:23:49,769
street journal bestsellers

852
00:23:49,770 --> 00:23:50,769
Did you ever get tired of writing

853
00:23:50,770 --> 00:23:51,770
your name?

854
00:23:52,890 --> 00:23:54,489
I think i think that's part of what

855
00:23:54,490 --> 00:23:56,569
i do i mean i love going on and on

856
00:23:56,570 --> 00:23:58,529
that college campuses talking to

857
00:23:58,530 --> 00:24:00,029
students all the time i love gone to

858
00:24:00,030 --> 00:24:01,729
use graduation i did for them this

859
00:24:01,730 --> 00:24:03,569
year to grab the initiative for our

860
00:24:03,570 --> 00:24:04,689
day and then they shared it north

861
00:24:04,690 --> 00:24:06,509
california and i did my route

862
00:24:06,510 --> 00:24:08,569
and it's about that matter what when

863
00:24:08,570 --> 00:24:10,569
did that one also and and it cost

864
00:24:10,570 --> 00:24:12,429
me money but money is time for

865
00:24:12,430 --> 00:24:14,249
me and so doing a business

866
00:24:14,250 --> 00:24:16,009
is in the one way giving back in

867
00:24:16,010 --> 00:24:17,769
another way to sacrifice but i mean

868
00:24:17,770 --> 00:24:20,009
it i just get energized Visiting

869
00:24:20,010 --> 00:24:21,489
these campuses seeing these young

870
00:24:21,490 --> 00:24:23,449
people have the aspirations

871
00:24:23,450 --> 00:24:25,349
to redoing it and to have any one

872
00:24:25,350 --> 00:24:27,209
thing i regret it i look at it

873
00:24:27,210 --> 00:24:29,129
that it was racism is still abound

874
00:24:29,130 --> 00:24:30,849
in this country it doesn't mean we

875
00:24:30,850 --> 00:24:32,349
can't get to where we need to but

876
00:24:32,350 --> 00:24:33,889
it's just one more thing we have to

877
00:24:33,890 --> 00:24:35,969
overcome and not a modest thing and

878
00:24:35,970 --> 00:24:37,169
that's why i think this election is

879
00:24:37,170 --> 00:24:38,889
so important that we will put in

880
00:24:38,890 --> 00:24:40,169
place a person by the time this

881
00:24:40,170 --> 00:24:42,029
broadcast comes to if

882
00:24:42,030 --> 00:24:43,889
the person who will do the

883
00:24:43,890 --> 00:24:45,169
right thing and and i spent a

884
00:24:45,170 --> 00:24:46,269
message i think that person

885
00:24:46,270 --> 00:24:47,829
Hopefully it will turn out to be our

886
00:24:47,830 --> 00:24:48,709
goal.

887
00:24:48,710 --> 00:24:50,729
Why was it important for BE to

888
00:24:50,730 --> 00:24:52,329
have these economic summits?

889
00:24:52,330 --> 00:24:53,510
You have the tennis and golf.

890
00:24:54,820 --> 00:24:56,699
Well, our audience has to meet

891
00:24:56,700 --> 00:24:58,119
each other, we have to network, you

892
00:24:58,120 --> 00:25:00,299
have to know people, we have find

893
00:25:00,300 --> 00:25:02,099
each other and so we started our

894
00:25:02,100 --> 00:25:03,959
conferences, first we started a golf

895
00:25:03,960 --> 00:25:05,779
and tennis event, which has

896
00:25:05,780 --> 00:25:07,279
become the premier event for up

897
00:25:07,280 --> 00:25:08,659
skilled African Americans meeting

898
00:25:08,660 --> 00:25:09,960
each other every Labor Day over a

899
00:25:09,961 --> 00:25:11,879
four day holiday and it's turned out

900
00:25:11,880 --> 00:25:13,999
to be very successful from

901
00:25:14,000 --> 00:25:15,639
the point of view, it is the largest

902
00:25:15,640 --> 00:25:17,559
program or the largest

903
00:25:17,560 --> 00:25:20,539
entity happening.

904
00:25:20,540 --> 00:25:21,819
In terms of uh...

905
00:25:21,820 --> 00:25:23,659
The coming together of the kind

906
00:25:23,660 --> 00:25:25,679
of people who read our magazine

907
00:25:25,680 --> 00:25:27,439
and it gives every media talk about

908
00:25:27,440 --> 00:25:29,119
five hundred office anybody who took

909
00:25:29,120 --> 00:25:30,499
out from black and white into the

910
00:25:30,500 --> 00:25:32,379
job and i have it people tell you

911
00:25:32,380 --> 00:25:33,639
that it then and i really got

912
00:25:33,640 --> 00:25:35,099
released and i think i will really

913
00:25:35,100 --> 00:25:37,319
want to compete and beaten read

914
00:25:37,320 --> 00:25:38,779
other african-americans and then

915
00:25:38,780 --> 00:25:40,159
people play tennis can do their

916
00:25:40,160 --> 00:25:41,999
tennis thing and then did

917
00:25:42,000 --> 00:25:43,539
the rally with had this for the last

918
00:25:43,540 --> 00:25:45,539
seven years of the as a premier

919
00:25:45,540 --> 00:25:47,279
first-class spa.

920
00:25:47,280 --> 00:25:48,539
Where people have been known to go

921
00:25:48,540 --> 00:25:49,679
in at seven in the morning and not

922
00:25:49,680 --> 00:25:51,519
come out till seven at night.

923
00:25:51,520 --> 00:25:52,959
And so it is a fun time.

924
00:25:52,960 --> 00:25:54,399
People bring their kids and so

925
00:25:54,400 --> 00:25:56,879
there's now after seven years kids

926
00:25:56,880 --> 00:25:58,019
who have met each other and they

927
00:25:58,020 --> 00:25:59,239
start to grow up and some even gone

928
00:25:59,240 --> 00:26:00,199
off the college together.

929
00:26:00,200 --> 00:26:01,579
We've had a couple of marriages that

930
00:26:01,580 --> 00:26:03,859
have come out of our event.

931
00:26:03,860 --> 00:26:05,279
I haven't heard about any divorces.

932
00:26:05,280 --> 00:26:06,679
I'm hoping those don't happen.

933
00:26:06,680 --> 00:26:07,959
And now we have and then the other

934
00:26:07,960 --> 00:26:09,159
thing we have, and we're doing now

935
00:26:09,160 --> 00:26:11,439
for five years, is our

936
00:26:11,440 --> 00:26:12,619
Entrepreneurs Conference.

937
00:26:12,620 --> 00:26:14,619
That's really focused on strictly on

938
00:26:14,620 --> 00:26:16,199
business we do have some golf in the

939
00:26:16,200 --> 00:26:17,559
afternoon but for the most part it

940
00:26:17,560 --> 00:26:19,519
is a coming together if you have an

941
00:26:19,520 --> 00:26:20,599
interest in how you're going to grow

942
00:26:20,600 --> 00:26:21,919
your business are you going to start

943
00:26:21,920 --> 00:26:24,799
a business how you gonna uh...

944
00:26:24,800 --> 00:26:26,019
Consider the idea of a different

945
00:26:26,020 --> 00:26:27,459
career uh...

946
00:26:27,460 --> 00:26:28,719
It is the place you'd want to come

947
00:26:28,720 --> 00:26:30,099
if you want to if you need money for

948
00:26:30,100 --> 00:26:31,259
your business we have financial

949
00:26:31,260 --> 00:26:32,959
institutions who are there too

950
00:26:32,960 --> 00:26:34,699
invested business and make loans to

951
00:26:34,700 --> 00:26:36,539
businesses both a private

952
00:26:36,540 --> 00:26:38,519
sector point of view and public

953
00:26:38,520 --> 00:26:39,819
companies as well as governmental

954
00:26:39,820 --> 00:26:41,939
agencies so it's something which is

955
00:26:41,940 --> 00:26:43,439
extremely successful.

956
00:26:43,440 --> 00:26:45,239
We anticipate having a technology

957
00:26:45,240 --> 00:26:47,159
conference sometime early next year

958
00:26:47,160 --> 00:26:49,199
we're also moving our

959
00:26:49,200 --> 00:26:50,339
entrepreneurs conference to

960
00:26:50,340 --> 00:26:52,279
nashville tennessee next year so the

961
00:26:52,280 --> 00:26:54,139
first week in may the first ten

962
00:26:54,140 --> 00:26:55,299
days and they forget exactly

963
00:26:55,300 --> 00:26:57,299
location of the four-day event i

964
00:26:57,300 --> 00:26:58,139
don't know but i think it's

965
00:26:58,140 --> 00:26:59,599
somewhere around seven eight nine my

966
00:26:59,600 --> 00:27:00,739
son will probably shoot me for not

967
00:27:00,740 --> 00:27:02,479
knowing today but it's something

968
00:27:02,480 --> 00:27:04,339
that you we would we look forward to

969
00:27:04,340 --> 00:27:05,659
it now we have a key challenges

970
00:27:05,660 --> 00:27:07,539
right and they'll colorado

971
00:27:07,540 --> 00:27:08,859
now all of these things are not just

972
00:27:08,860 --> 00:27:10,659
done for fun and on the part of Am I

973
00:27:10,660 --> 00:27:12,299
wrong? One, they're done because we

974
00:27:12,300 --> 00:27:13,259
think it's important for our

975
00:27:13,260 --> 00:27:14,799
readership and the people who are

976
00:27:14,800 --> 00:27:16,359
our subscribers. But two, we do it

977
00:27:16,360 --> 00:27:17,439
because there are money-making

978
00:27:17,440 --> 00:27:19,399
events and things where people do

979
00:27:19,400 --> 00:27:21,219
pay and pay because it's something

980
00:27:21,220 --> 00:27:23,119
they want to enjoy, it's

981
00:27:23,120 --> 00:27:25,159
a participation which we think we've

982
00:27:25,160 --> 00:27:27,159
been very fortunate to have

983
00:27:27,160 --> 00:27:28,539
taken a hold and run with this

984
00:27:28,540 --> 00:27:29,109
thing.

985
00:27:29,110 --> 00:27:31,049
This has been a tribute to the late

986
00:27:31,050 --> 00:27:31,949
Earl G.

987
00:27:31,950 --> 00:27:33,729
Graves Sr., founder of Black

988
00:27:33,730 --> 00:27:35,689
Enterprise Magazine.

989
00:27:35,690 --> 00:27:37,789
Graves died on April 6,

990
00:27:37,790 --> 00:27:38,729
2020.

991
00:27:38,730 --> 00:27:40,489
He was 85.

992
00:27:40,490 --> 00:27:42,249
If you have questions, comments, or

993
00:27:42,250 --> 00:27:44,049
suggestions as to future In Black

994
00:27:44,050 --> 00:27:45,869
America programs, email

995
00:27:45,870 --> 00:27:50,109
us at inblackamerica.kut.org.

996
00:27:50,110 --> 00:27:52,169
Also let us know what radio station

997
00:27:52,170 --> 00:27:53,649
you heard is over.

998
00:27:53,650 --> 00:27:55,229
Don't forget to subscribe to our

999
00:27:55,230 --> 00:27:57,149
podcast and follow us

1000
00:27:57,150 --> 00:27:59,299
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1001
00:27:59,300 --> 00:28:00,579
You can hear previous programs

1002
00:28:00,580 --> 00:28:03,899
online at kut.org.

1003
00:28:03,900 --> 00:28:05,519
Also, you can listen to a special

1004
00:28:05,520 --> 00:28:07,039
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1005
00:28:07,040 --> 00:28:09,159
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1006
00:28:09,160 --> 00:28:10,939
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1007
00:28:10,940 --> 00:28:13,849
That's americanarchives.org

1008
00:28:13,850 --> 00:28:15,679
The views and opinions expressed

1009
00:28:15,680 --> 00:28:17,699
on this program are not necessarily

1010
00:28:17,700 --> 00:28:19,799
those of this station or of

1011
00:28:19,800 --> 00:28:22,099
the University of Texas at Austin.

1012
00:28:22,100 --> 00:28:23,459
In Black American is a

1013
00:28:23,460 --> 00:28:25,439
listener-supported production of KUT

1014
00:28:25,440 --> 00:28:27,399
and KUTX in Austin,

1015
00:28:27,400 --> 00:28:29,379
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1016
00:28:29,380 --> 00:28:32,599
donating at supportthispodcast.org.

1017
00:28:32,600 --> 00:28:34,339
Until we have the opportunity again

1018
00:28:34,340 --> 00:28:35,979
for technical producer, David

1019
00:28:35,980 --> 00:28:38,299
Alvarez, I'm Johnny O'Hanlon,

1020
00:28:38,300 --> 00:28:39,139
Jr.

1021
00:28:39,140 --> 00:28:40,779
Thank you for joining us today.

1022
00:28:40,780 --> 00:28:43,019
Please join us again next week.

1023
00:28:43,020 --> 00:28:44,919
CD copies of this program

1024
00:28:44,920 --> 00:28:46,779
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1025
00:28:46,780 --> 00:28:48,899
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1026
00:28:48,900 --> 00:28:51,859
CDs, KUT Radio,

1027
00:28:51,860 --> 00:28:54,059
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1028
00:28:54,060 --> 00:28:57,619
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1029
00:28:57,620 --> 00:29:00,059
That's In Black American CDs,

1030
00:29:00,060 --> 00:29:01,939
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1031
00:29:01,940 --> 00:29:04,079
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1032
00:29:04,080 --> 00:29:06,559
Austin, texas, 7 8712.

1033
00:29:08,500 --> 00:29:10,699
This has been a production of KUT

1034
00:29:10,700 --> 00:29:11,700
radio.

