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Aug. 30, 2022

Black Business Month with Joe Simmons

Black Business Month with Joe Simmons

August is Black Business Month!   

So, X.T.C. sat down with Joseph “Joe” Simmons, CEO & Founder of the Center for Micro-Entrepreneurial Training (CMET) to take a trip in U.S. history to better understand the current changes in the trajectory of black businesses.    

Beyond a moment of integration or equality, the current entrepreneurial movement is built on equity, access, and accountability.    

Therefore, entrepreneurs need to take ownership of their destiny, collaborate intentionally, and build a foundation of business success that leads to generational wealth.    

“We can’t count on other people to do it for us, we have got to do it for ourselves” stated Joe.   

Check out this episode to learn more.  

#TheEntrepreneursTrip #XTC #Podcast #Vodcast #Videocast #Entrepreneurship

Transcript
WEBVTT 1 00:00:00.960 --> 00:00:05.160 This new age of entrepreneurship is driven by black women. You know, if 2 00:00:05.200 --> 00:00:18.879 I look at the demographic that. I'm sorry. Welcome to the entrepreneurs trip 3 00:00:18.960 --> 00:00:31.079 podcast with EXTC. I'm Shalanda, I'm Chris. As an entrepreneur, starting 4 00:00:31.160 --> 00:00:35.320 or ruin your business, you may have a destination, but the journey getting 5 00:00:35.359 --> 00:00:39.920 there and be a drink. We want to be your travel companions and inject 6 00:00:40.039 --> 00:00:46.320 a Joseph X DC as we explore real life conversations about navigating the world entrepreneurship 7 00:00:46.679 --> 00:00:55.479 in the US and the Caribbean. Take this trip with us. Yeah, 8 00:00:58.920 --> 00:01:07.159 tell me were it is recorded. Good. Hell, have an exciting episode 9 00:01:07.200 --> 00:01:11.400 today because we have our friend Joe. But before we do a deep dive 10 00:01:12.200 --> 00:01:19.439 into what joe is up to and who joe is, what'd you sipping while 11 00:01:19.439 --> 00:01:38.640 you tripping that spring? Like? Go back, Joe, I know, 12 00:01:38.920 --> 00:01:47.799 right, I'm cute. Right, that's awesome. Some water, Joe, 13 00:01:48.200 --> 00:01:51.879 H two, oh, it's clear, but yes, it is water. 14 00:01:53.719 --> 00:01:57.079 Didn't say anything. Joe looked like he just came from that tailgate party, 15 00:02:02.640 --> 00:02:07.159 sneaking back into the door, talking about these are just water bottles, God's 16 00:02:07.199 --> 00:02:15.360 clear. Yeah, Vodka and water kind of looks to stay exactly. So 17 00:02:15.560 --> 00:02:20.319 in that case, I'll go second. You know who puts vodka of white 18 00:02:20.400 --> 00:02:24.919 glass, almost empty, twisting, so you've been sipping for a minute. 19 00:02:24.960 --> 00:02:30.879 Whatever it is, Joe and I did the drink challengering the open. He 20 00:02:30.080 --> 00:02:43.080 just got caught. What are you drinking, Kilanda? What do I usually 21 00:02:43.639 --> 00:02:46.479 you know, to do these episodes and have a lot of fun, I 22 00:02:46.599 --> 00:02:53.439 need makeup. So that's what I'm feeling up on right now. She got 23 00:02:53.479 --> 00:02:58.479 a Nice Clean Huh. I was like. She got a nice glow. 24 00:02:58.560 --> 00:03:02.919 It might be a little red, white, a little not yet. That's 25 00:03:02.919 --> 00:03:10.199 another episode and here in these last fifteen seconds, I feel like a broken 26 00:03:10.280 --> 00:03:16.080 record. But uh, you know, I got my caffein nation, my 27 00:03:16.240 --> 00:03:25.840 hydration and my celebration. So alright, let's pack this episode. trifector. 28 00:03:38.400 --> 00:03:44.639 Alrighty folks. So August is black business month and we could not think of 29 00:03:45.080 --> 00:03:52.639 anybody better to have on this episode than Joseph Simmons, affectionately known as Joe. 30 00:03:53.240 --> 00:03:58.879 Welcome, welcome, thanks for having me, and I like I love 31 00:03:58.919 --> 00:04:04.960 the way you say Joe, because every time I think of you I have 32 00:04:05.159 --> 00:04:10.199 a smile on my face. Our interactions. I met Joe. What probably 33 00:04:10.240 --> 00:04:15.759 about a year ago, care ago, Um and every time I think of 34 00:04:15.879 --> 00:04:17.600 Joe I just gotta Smile on my face. And we're gonna talk a little 35 00:04:17.600 --> 00:04:24.279 bit about the center from my Carol Entrepreneurial Training a little bit later. But 36 00:04:24.720 --> 00:04:27.639 for our listeners, let me just give you a sneak because to what Joe, 37 00:04:27.759 --> 00:04:30.319 who joe is and what Joe has been up to. So Joe is 38 00:04:30.360 --> 00:04:35.480 a retired pharmaceutical executive. He's in Orlando, Florida, my second home. 39 00:04:36.839 --> 00:04:45.959 Father Home Credator, backed up corporation Johnson and Johnson and sunrise medical. So 40 00:04:46.199 --> 00:04:49.160 he is knee deep. was knee deep in the healthcare field, as was 41 00:04:49.279 --> 00:04:55.000 I, so we have that in common and I stared a little bit. 42 00:04:55.160 --> 00:05:00.079 He is the founder of the center of Micro Entrepreneurial Training, a non the 43 00:05:00.160 --> 00:05:05.120 profit that was organized in me empowering women. Did you hear that, Tristan? 44 00:05:06.079 --> 00:05:15.319 And I thought you were so powerful you didn't need more empower men always. 45 00:05:16.680 --> 00:05:21.040 But he also empowers black and Brown entrepreneurs to start and grow their business, 46 00:05:21.120 --> 00:05:25.879 which is definitely the trippers that listened to our episode. So who better 47 00:05:26.759 --> 00:05:33.279 to have with US THAN JOE for Black Business Month? Thank you for the 48 00:05:33.319 --> 00:05:40.279 Inter wow. You do a lot. Ye, make sure you're talking about 49 00:05:40.360 --> 00:05:49.959 me. So why don't you share? You know, August is business, 50 00:05:50.240 --> 00:05:54.079 black business month, and I know you've been up to a lot of different 51 00:05:54.199 --> 00:05:57.120 things behind the scenes. Some you can share in, some you can't. 52 00:05:57.160 --> 00:06:00.199 But what can you share with us that you've been doing this month? Well, 53 00:06:00.480 --> 00:06:05.959 number one, I'm still on that continual journey of providing the fundamentals for 54 00:06:06.279 --> 00:06:12.160 entrepreneurship. Um, in the middle of my eleventh cohort. Uh, you 55 00:06:12.199 --> 00:06:15.720 know, for those of the don't know, you were in number nine back 56 00:06:15.800 --> 00:06:20.759 in January. It brings a smile to my face the energy and the engagement 57 00:06:20.879 --> 00:06:26.240 that you and your partner in crime, some me, you know, brought 58 00:06:26.319 --> 00:06:30.319 to the brought to the core. But but quite seriously, I've I've been 59 00:06:30.360 --> 00:06:33.240 involved in the middle of that. So we're on day will be day four 60 00:06:33.439 --> 00:06:38.759 on Monday, and that, of course, is marketing and sales. was 61 00:06:38.839 --> 00:06:46.199 at an event. Wills Fargo and the African American Chamber had an event Thursday 62 00:06:46.319 --> 00:06:50.120 night and they were talking to uh, the Florida highwomen. They were celebrating 63 00:06:50.199 --> 00:06:55.680 them, but the main focus was around black business month and it was interesting 64 00:06:56.920 --> 00:07:03.079 to have a group of entrepreneurs in the same room, networking and making connections, 65 00:07:03.240 --> 00:07:09.040 because the things that will change the trajectory of black business over the next 66 00:07:09.160 --> 00:07:14.439 month, years, in decades, of centuries, is mutuality. You know, 67 00:07:15.040 --> 00:07:18.639 to get to a point where, you know, Tristian, Chris and 68 00:07:18.920 --> 00:07:26.639 Joe Work Together. You know, I've made a I made I had a 69 00:07:26.720 --> 00:07:30.480 conversation with Parker. No, no, no, no, we'll keep going. 70 00:07:31.000 --> 00:07:45.160 I was happy I did that. All purpose. The reaction I like, 71 00:07:45.240 --> 00:07:46.639 something bigger's got up come. Let me just let me just chill. 72 00:07:49.040 --> 00:07:51.759 But you know, one of the things that that's become quite apparent, Chris 73 00:07:51.879 --> 00:07:58.519 and Tristan, is that this new age of entrepreneurship is driven by black women. 74 00:07:59.079 --> 00:08:05.720 You know, if I look at demographics, you know, I'm sorry, 75 00:08:05.839 --> 00:08:13.600 John, you know, if you look at the demographics in the US, 76 00:08:13.000 --> 00:08:20.519 uh, of the new entrepreneurs coming into the stream are females. You 77 00:08:20.600 --> 00:08:24.199 know, for whatever reason. Uh, you know, you ladies are really 78 00:08:24.279 --> 00:08:28.120 driving in and make it happen. But the key thing is, as I 79 00:08:28.199 --> 00:08:31.759 said before I heard this statement, Murray Park and Atlanta gave me this state, 80 00:08:31.000 --> 00:08:37.200 all the collective mutuality that we as a people have to have in regards 81 00:08:37.320 --> 00:08:39.799 to, you know, not making this just a singular month in black business 82 00:08:39.879 --> 00:08:45.200 month, but every month is about how we can collaborate, you know, 83 00:08:45.759 --> 00:08:48.039 uh, and we're all doing it, you know, like you and I 84 00:08:48.360 --> 00:08:52.639 being on the PODCAST podcast together. How can we collaborate? And you know, 85 00:08:54.159 --> 00:08:56.919 St Croix, you coming to states. How we can collaborate here with 86 00:08:58.080 --> 00:09:03.360 Sammy. You know, all this operation is just beautiful and I and I 87 00:09:03.600 --> 00:09:07.600 just hope that if we look at this time, we can look back, 88 00:09:07.200 --> 00:09:11.120 you know, and our children will look back and say, you know what, 89 00:09:11.080 --> 00:09:16.360 they stuttered a movement. You know, unfortunately, as I look back 90 00:09:16.440 --> 00:09:20.960 on my father and what he went through, I have a more sense of 91 00:09:22.039 --> 00:09:26.120 it as a moment. You know, we got diverted the seventies. We 92 00:09:26.200 --> 00:09:30.159 got diverted, we got, you know, offline in the eighties and we're 93 00:09:30.320 --> 00:09:33.519 right back where we were, you know, back when I was a kid. 94 00:09:33.440 --> 00:09:37.600 Yeah, you know. So that's that's that's the danger of that. 95 00:09:37.720 --> 00:09:39.159 We've got to look at our history and we gotta say we've got to work 96 00:09:39.200 --> 00:09:43.159 together, we can't be in silos. You know, something to the table. 97 00:09:43.240 --> 00:09:46.960 I bring something to the table. You know, let's do it together 98 00:09:48.559 --> 00:09:54.320 and take advantage of the system. M Yeah, so that's been, you 99 00:09:54.360 --> 00:10:01.799 know, and I still got more things to do over the next of course. 100 00:10:01.159 --> 00:10:11.120 Of course we know who your taskmaster was. So what's awesome is that 101 00:10:11.799 --> 00:10:15.559 what you're saying resonates with a previous episode that we had where we had a 102 00:10:15.639 --> 00:10:18.720 conversation to collaborate or not to collaborate, and we really took a deep dive 103 00:10:18.840 --> 00:10:26.440 into what true, meaningful collaboration looks like. And to your point, Joe, 104 00:10:26.639 --> 00:10:30.279 you know, previous generations and may have been a moment, but I 105 00:10:30.399 --> 00:10:35.879 really feel that this is a movement because I think our mindset as black people 106 00:10:37.399 --> 00:10:43.879 or people of Color or woke what folks like a brother Chrystal right, we 107 00:10:43.200 --> 00:10:50.320 understand that we build capacity when we come together and we helped to create generational 108 00:10:50.399 --> 00:10:54.200 wealth for all of us. We're creating a legacy. It's not just being 109 00:10:54.320 --> 00:11:01.240 able to survive the times, it's about building a foundation where our kids and 110 00:11:01.320 --> 00:11:05.799 our grandkids would be able to continue the legacy that we're creating today. You're 111 00:11:07.000 --> 00:11:09.480 you know, you're absolutely right, um, but it goes back to a 112 00:11:09.559 --> 00:11:15.000 principle of business and again, my back you were as you were saying earlier. 113 00:11:15.679 --> 00:11:18.720 You know, I started as a salesperson and I started out in a 114 00:11:18.840 --> 00:11:24.480 small, segregated town in southeast West Virginia called Leicester, West Virginia, and 115 00:11:24.320 --> 00:11:31.000 I was motivated one year. I wanted to bite and I asked my mom. 116 00:11:31.600 --> 00:11:33.679 You know, her name was Hetty, Hetty Simmons, and I said, 117 00:11:33.720 --> 00:11:35.879 mom, I want this bike, this rally bike. She said, 118 00:11:35.919 --> 00:11:39.799 were you gonna have to go out and work and do something, because we 119 00:11:39.840 --> 00:11:43.320 can't afford the bike. And what can I do? So I had this 120 00:11:43.440 --> 00:11:48.519 little boy's life magazine in the back and said sale greeting cards and you can 121 00:11:48.600 --> 00:11:56.519 make money. It's five years, ladies, and get that freaking but but 122 00:11:56.639 --> 00:12:03.440 it taught me something about the principle of no, like and trust. The 123 00:12:03.600 --> 00:12:07.720 People at Small Town no knew my father, knew my mother and they knew 124 00:12:07.799 --> 00:12:13.039 me. So they knew me, like me and they trusted me. Now 125 00:12:13.080 --> 00:12:16.840 I will say there were some of those people that didn't pay their bills. 126 00:12:16.720 --> 00:12:26.159 So I'm still looking for payment on those, those agreeding cards. But but 127 00:12:26.639 --> 00:12:31.480 GELANDA, you're right in that for us to collaborate we have to know, 128 00:12:31.679 --> 00:12:35.759 like and trust each other and those are the three elements that I think that 129 00:12:35.840 --> 00:12:39.679 if we can build around that, and especially that factor and sometimes it's a 130 00:12:39.759 --> 00:12:43.080 leap of faith. You know, it's something got to work on, but 131 00:12:43.320 --> 00:12:46.879 we've got to do that. We can't say I can do it by myself, 132 00:12:48.080 --> 00:12:52.720 because you can't. You the numbers are just too daunting to say I 133 00:12:52.840 --> 00:12:58.120 can do this by myself because you bring a strength. Chris brings the strength, 134 00:12:58.240 --> 00:13:01.600 Christian brings the strength. So now I've got, you know, four 135 00:13:01.159 --> 00:13:05.000 people that you know that have strength and we can push that stone up the 136 00:13:05.120 --> 00:13:07.799 hill, but it's hard one person to push that stone up the hill. 137 00:13:09.759 --> 00:13:13.360 Collaboration is the KI m sounds like that collaboration and had a little bit of 138 00:13:13.919 --> 00:13:18.480 delegation in it. So you know, I don't want to detour us a 139 00:13:18.559 --> 00:13:20.840 little. Oh, and he said, yes, that you know you can 140 00:13:20.919 --> 00:13:24.519 fix your face. Baby. We got ten seconds and get this detour. 141 00:13:24.840 --> 00:13:31.039 Well, I'm gonna take everything because Joe definitely touched a whole lot of things 142 00:13:31.080 --> 00:13:33.720 that I really want to speak about and I'm gonna give you guys a little 143 00:13:33.759 --> 00:13:35.799 insight as to a conversation I had this week with my pops. Hit that 144 00:13:35.879 --> 00:13:48.799 Detour, Chris, let me let me get my boy. Joe Just swerved 145 00:13:48.840 --> 00:13:56.879 out of you, because Y'all hear cruise on with me. So really quick, 146 00:13:56.960 --> 00:13:58.440 Joe, I'm over here. My head is down a lot of times 147 00:13:58.840 --> 00:14:03.279 I take notes. You know, I was a horrible student, but a 148 00:14:03.879 --> 00:14:07.679 better student of business. Right. So when you were speaking, the one 149 00:14:07.720 --> 00:14:13.200 thing that definitely stood out to me was the no like trust, right and 150 00:14:13.480 --> 00:14:16.639 legacy, and we're talking about how we kind of had those gaps where we 151 00:14:16.720 --> 00:14:20.399 kind of skipped out. So, Joe, I'm gonna give you like thirty 152 00:14:20.440 --> 00:14:24.759 seconds my really quick take on this. What I believe happened is that maybe 153 00:14:24.799 --> 00:14:28.200 earlier on, in the sixties, we did have a movement. Everybody, 154 00:14:28.600 --> 00:14:33.240 Um, we had a goal that we was working towards, right, and 155 00:14:33.399 --> 00:14:37.200 from that generation they decided to work towards the goal, and then we had 156 00:14:37.240 --> 00:14:39.559 the other generation that, because they were working towards the goal, and made 157 00:14:39.600 --> 00:14:43.879 it a little easier. So now we didn't have to work as hard and 158 00:14:43.960 --> 00:14:46.600 it kind of gets warded down, Um, the whole way. So now 159 00:14:46.720 --> 00:14:50.879 it's like we're someone in a better we felt we were in a better place, 160 00:14:50.960 --> 00:14:54.919 but what we did not pass down was the knowledge of lessons in which 161 00:14:54.960 --> 00:15:00.600 we learned on those journeys. So in that way, our their kids, 162 00:15:00.960 --> 00:15:07.480 which might have been my parents and even from my parents to me. The 163 00:15:07.080 --> 00:15:11.000 we no longer pass that information on right, because all we did was pick 164 00:15:11.080 --> 00:15:16.360 and choose what it is that we didn't want from that. And now we 165 00:15:16.480 --> 00:15:20.399 don't speak about the generational wealth. We don't speak about we don't want you 166 00:15:20.480 --> 00:15:24.480 to work as hard. We've been doing this and what it was to do 167 00:15:24.639 --> 00:15:28.799 was provide a simpler, easier life for us. So while you were selling 168 00:15:28.879 --> 00:15:31.279 magazines and you know about that, you don't want your kids to go through 169 00:15:31.360 --> 00:15:35.399 that. So now when they ask for the bike, might be a little 170 00:15:35.399 --> 00:15:37.279 more lenient. You know, we'll be like, make sure you do your 171 00:15:37.320 --> 00:15:41.799 homework and we get that bike, kind of thing. Um, I'm a 172 00:15:41.919 --> 00:15:46.480 far off. How do you feel about that? I'm going to take you 173 00:15:46.559 --> 00:15:54.200 down another detour. Yeah, I don't know if I like this GPS. 174 00:15:54.279 --> 00:16:02.480 I've never seen some on the screen for detour. Yet I think as a 175 00:16:02.600 --> 00:16:07.519 child of the as a baby boom, one of the challenges that that I 176 00:16:07.720 --> 00:16:12.039 had was my parents wanted a better life for me. Correct, correct, 177 00:16:12.720 --> 00:16:18.679 right, but my generation did not provide a better life for my kids or 178 00:16:18.759 --> 00:16:26.879 the key after right. Okay, we're not sing it when't was doing but 179 00:16:26.399 --> 00:16:32.720 the problem came in regards to when you said, Tristan earlier, the goal 180 00:16:33.000 --> 00:16:38.320 was x the goal. The goal shifted the gold move from equality right. 181 00:16:38.799 --> 00:16:41.919 We wanted equality, we wanted to you know, we wanted a fair shot. 182 00:16:42.639 --> 00:16:51.960 Two integration. Mm Hmmm, mm HMM. So that's that's the detour 183 00:16:52.120 --> 00:16:55.360 right there. We came to the forking road in the seventies and said, 184 00:16:55.360 --> 00:16:57.799 okay, well, you got a choice. Either you can go integration or 185 00:16:57.879 --> 00:17:04.200 you can go equity. Right, but but that that's what I felt. 186 00:17:04.279 --> 00:17:08.880 We were working for that equality. We wanted to be integrated within the system. 187 00:17:08.920 --> 00:17:15.039 I just don't think they were thinking that far ahead. It was it 188 00:17:15.200 --> 00:17:22.480 was almost like it was almost like the escape from New York, that movie. 189 00:17:22.079 --> 00:17:26.880 You know, we we left our community. We abandoned a lot of 190 00:17:26.960 --> 00:17:30.839 the principles that we grew up with in the seventies and eighties in regards to 191 00:17:32.720 --> 00:17:37.400 you know, think about fat uh. If you look at the statistics of 192 00:17:37.640 --> 00:17:44.119 income, the divide happened really in the late seventies, early eighties. MM 193 00:17:44.240 --> 00:17:48.599 HMM. So now we're right back. If you look at our income, 194 00:17:48.480 --> 00:17:52.079 our wealth, our wealth gaps started in the late seventies and the eighties. 195 00:17:52.559 --> 00:18:11.799 That was it? Yeah, wow, you know what we segments that we 196 00:18:12.200 --> 00:18:15.559 think you know, like, yeah, I know, it's hard to cut 197 00:18:15.640 --> 00:18:19.000 that one off. The longer segment, man, we need longer. Well, 198 00:18:19.119 --> 00:18:22.240 listen, this is what I'm going to do. My souvenir to you 199 00:18:22.559 --> 00:18:27.359 today, Tristan, is for us to continue where Joe left up, back 200 00:18:27.480 --> 00:18:30.920 segment, because we do need a little bit of more time on that conversation. 201 00:18:33.440 --> 00:18:36.839 I love you, Davy, for that. Thank you so, Joe, 202 00:18:37.519 --> 00:18:42.640 glad. I'm sorry. So when we hit that separation, though, 203 00:18:45.599 --> 00:18:49.720 how what did our goals? So now what you're saying is that we hit 204 00:18:49.799 --> 00:18:55.880 that integration period. We didn't go equity. So now we're looking for equity. 205 00:18:56.920 --> 00:19:00.839 Yeah, what do you say? But how do we keep this focus? 206 00:19:00.079 --> 00:19:04.839 Because ten years from now, I mean I hope not ten God, 207 00:19:04.880 --> 00:19:10.119 as my way, maybe let's go thirty years from now. M I feel 208 00:19:10.119 --> 00:19:12.759 it's gonna have that other shift. So what do you think the next shift 209 00:19:12.839 --> 00:19:19.000 might be? TO BE PREPARING FOR ACCOUNTABILITY? Yeah, I think what we 210 00:19:19.119 --> 00:19:22.000 have to get our grips around and again and again, I'm gonna say this 211 00:19:22.160 --> 00:19:26.359 over and over again, my mindset. I come from a sales background, 212 00:19:26.480 --> 00:19:30.839 so to me it's always about number. I gotta we've got to say to 213 00:19:30.920 --> 00:19:37.000 ourselves as organizations, I want to put myself out of business and that's my 214 00:19:37.240 --> 00:19:41.359 thank you, and that's what I'm gonna work towards, is putting myself out 215 00:19:41.440 --> 00:19:45.160 of business. So I've got to have timelines to say we're gonna hit this 216 00:19:45.279 --> 00:19:52.799 goal by, this goal by and this goal by. That's how we want 217 00:19:52.880 --> 00:19:56.440 change. Because, let me just finish, one of the most devastating numbers 218 00:19:56.519 --> 00:20:00.440 here in the states that we're dealing with is that by twenty fifty three, 219 00:20:00.480 --> 00:20:03.519 if we stay on the trajectory that we're on, African Americans in America will 220 00:20:03.519 --> 00:20:10.799 have zero wealth. There we go now. I was just that was a 221 00:20:10.880 --> 00:20:15.880 number that was and and again. The thing that really irritates me, and 222 00:20:15.960 --> 00:20:19.759 I'm going to use that word lightly, is that that number was was was 223 00:20:19.880 --> 00:20:26.240 talked was never talked about in the debate. When Andrew Yang said that number, 224 00:20:26.000 --> 00:20:30.240 not one candidate said, Oh my God, we need to do something, 225 00:20:30.599 --> 00:20:33.920 we need to have a Marshall Plane to change that trajectory. And now 226 00:20:34.039 --> 00:20:38.359 here we are in two where you've got companies, because of George Floyd, 227 00:20:38.440 --> 00:20:42.200 and banks saying okay, we can now address it. But now we've got 228 00:20:42.279 --> 00:20:48.559 to have those accountabilities, those those steps in place to say that, Tristian 229 00:20:48.640 --> 00:20:55.640 and Chris, if your organization doesn't hit this number by guess what, you 230 00:20:55.720 --> 00:21:02.079 know, you're underperform something's wrong, and that's what I just started about. 231 00:21:03.160 --> 00:21:06.200 Joe, just thought on something that we spoke about like way before, and 232 00:21:06.279 --> 00:21:10.519 even when we're talking about doing our businesses, when to pull out. That's 233 00:21:10.880 --> 00:21:14.559 that's that's how I kind of got from it, Um. But Joe, 234 00:21:14.640 --> 00:21:17.640 like I won't say that it has blown my mind because even with that conversation 235 00:21:17.680 --> 00:21:22.160 in the reason why I feel like we have never gotten any light is because 236 00:21:22.359 --> 00:21:26.279 it never applies to those people that end that conversation. So to me, 237 00:21:26.599 --> 00:21:30.160 like it just it doesn't matter. But but again, I know we're going 238 00:21:30.200 --> 00:21:33.240 off topic. This is another detour. Oh my I'm sorry, guys, 239 00:21:33.799 --> 00:21:37.559 but the thing that flips me out is that you have one party that, 240 00:21:38.640 --> 00:21:42.839 when it Joe Biden is sitting in the White House because of black women in 241 00:21:45.440 --> 00:21:48.759 m HM, hit that, buddy, because that ain't no life. Okay, 242 00:21:49.000 --> 00:21:55.160 let's let's just do let's just do roll about it. So when you 243 00:21:55.359 --> 00:22:03.440 have that that you've already equity. We've given you opportunity so recognize to say, 244 00:22:03.480 --> 00:22:08.039 you know what, I understand that. I understand that demographics said you've 245 00:22:08.039 --> 00:22:12.240 got to win a fifty state election. But basically it boiled down to Georgia. 246 00:22:14.160 --> 00:22:21.559 It boiled down to three or four Arizona in Pennsylvania and Michigan, and 247 00:22:21.680 --> 00:22:26.559 it was always people of color that got him across the finish line. So 248 00:22:26.200 --> 00:22:37.559 January, what's the first goal of HR one dies. So what I'm saying 249 00:22:37.680 --> 00:22:41.839 is this, and I tell the entrepreneurs this, is that we can't count 250 00:22:41.839 --> 00:22:48.480 on other people to help us. We've got to do it ourselves and I 251 00:22:48.160 --> 00:22:52.319 appreciate, you know, the woke people coming along and saying, you know 252 00:22:52.440 --> 00:22:57.400 what, but it's on us. I can't wait for Joe Biden or whoever 253 00:22:59.559 --> 00:23:02.319 to do with we have got to roll up our sleeves and say, you 254 00:23:02.400 --> 00:23:07.279 know what, I am focused on making this work and I will be years 255 00:23:07.440 --> 00:23:14.519 of my life to making this work. M Hm talking at true he is 256 00:23:15.559 --> 00:23:18.039 and I want our listeners, particularly those in the US Virgin Elands, to 257 00:23:18.160 --> 00:23:22.400 hear what he's saying because, even though Joe is on the mainland and in 258 00:23:22.599 --> 00:23:27.519 Florida, a lot of what he's saying is applicable within the US Virgin Elands. 259 00:23:29.039 --> 00:23:34.480 What I'm seeing in, you know, the generation of entrepreneurs that are 260 00:23:34.519 --> 00:23:38.640 coming up now is that they are taking ownership and doing their own things. 261 00:23:40.400 --> 00:23:45.359 They are not depending on the government, because we have a kind of like 262 00:23:45.440 --> 00:23:49.759 a flip situation here where the majority here right on the mainland, right, 263 00:23:51.119 --> 00:23:53.759 our governors black, our senators of black that you know, people in power 264 00:23:55.000 --> 00:24:00.039 look like yeah, Um, so we don't have the issue of representation and 265 00:24:00.200 --> 00:24:03.319 a lot of the people that are in power are personal friends because the community 266 00:24:03.359 --> 00:24:06.759 is so small. It's kind of like in your town when you're growing up, 267 00:24:06.920 --> 00:24:10.039 right you know each other, you like some people, you don't like 268 00:24:10.200 --> 00:24:15.039 some people and some of you trust and some you don't trust. But in 269 00:24:15.279 --> 00:24:21.319 order for us to be able to to bridge that wealth gap, I feel 270 00:24:21.839 --> 00:24:26.759 our best chances are entrepreneurship most definitely, and it's things gonna do it for 271 00:24:26.839 --> 00:24:34.759 you, you know, and so that's one of the reasons we all decided 272 00:24:34.799 --> 00:24:40.240 to do this podcast is to be able to share resources between the mainland and 273 00:24:40.359 --> 00:24:45.079 the Caribbean and particularly the US Virgin Alans, as to how we can collaborate 274 00:24:45.160 --> 00:24:52.279 and work together to bridge that wealth gap for generation and the Genesis for the 275 00:24:52.359 --> 00:24:56.480 center for Micro Entrepreneurial Training. My vision is what I grew up in, 276 00:24:57.400 --> 00:25:00.279 where I grew up in a in a commune unity, where I could go 277 00:25:00.400 --> 00:25:03.680 to a black grocery store, I could go to a black farm, I 278 00:25:03.720 --> 00:25:11.519 could go to a a black bank if I had the opportunity, and I 279 00:25:11.680 --> 00:25:15.279 and I think one of the ways that we've got to do that is through 280 00:25:15.400 --> 00:25:21.279 collaboration. Going back to our previous conversation. Now there's a hole that I 281 00:25:21.359 --> 00:25:25.680 think that we've got to address, and that whole is that that I'm seeing 282 00:25:26.759 --> 00:25:30.839 is that for entrepreneurs are in that zero to three year before they can get 283 00:25:30.920 --> 00:25:33.920 up, their growth is starting to really, you know, replicate and replicating 284 00:25:34.119 --> 00:25:41.319 and then they can move into scale. is of the entrepreneurs in that zero 285 00:25:41.440 --> 00:25:47.240 to three year gap have no funding in regards to ten to twenty dollars. 286 00:25:48.119 --> 00:25:51.839 So for the entrepreneur that has a million to a half million dollar business, 287 00:25:52.119 --> 00:25:56.039 you can go into JP, Morgan, chase, truest bank bank and Americans 288 00:25:56.359 --> 00:26:00.640 probably get help. But we really need to fill that you know, the 289 00:26:00.799 --> 00:26:06.799 banks or funding has got to keep those seeds that we've planned. M Hm. 290 00:26:07.799 --> 00:26:10.240 They gotta, you know, we gotta keep watering so they can get 291 00:26:10.279 --> 00:26:12.000 to that three year mark and five year mark where they can be a half 292 00:26:12.079 --> 00:26:15.359 million dollars, a million dollars, they're bringing on two to three people, 293 00:26:15.440 --> 00:26:22.480 because in the states sixty of the people employed, our jobs are generated by 294 00:26:22.559 --> 00:26:27.960 small businesses. So we've got to get in that mindset of getting these business 295 00:26:29.039 --> 00:26:32.759 to scale so they can hire in our community. And think what that does. 296 00:26:33.960 --> 00:26:37.160 You know, John, you start a business and in three years you 297 00:26:37.279 --> 00:26:41.480 hire three people. Yeah, right. Your daughters and sons come along, 298 00:26:41.839 --> 00:26:44.920 they say, you know what, I've got an idea for a business. 299 00:26:45.200 --> 00:26:48.119 You can now go laterally and say I can help you start that business. 300 00:26:48.960 --> 00:26:53.160 They and that. That's what we're talking about to a certain extent, John 301 00:26:53.400 --> 00:26:56.119 and guys, and know we're gonna move on to the next segment, and 302 00:26:56.160 --> 00:27:00.400 that's what we're talking about where I felt like we just definitely, they don't 303 00:27:00.079 --> 00:27:03.759 pass that knowledge, we don't pass those nuggets, will end up happening. 304 00:27:03.920 --> 00:27:10.079 So now like you're saying is that it missed generation, two generations in between. 305 00:27:10.400 --> 00:27:12.640 How we're back to start and over from scratch, you know. But 306 00:27:12.839 --> 00:27:17.559 Chris, I'm gonna let you go drop that nugget, but deeper with Joe 307 00:27:17.680 --> 00:27:29.359 man here. Yeah, all right. So I have two quotes prepared here, 308 00:27:29.759 --> 00:27:33.839 Um that I think kind of wrapped us or bring this conversation uh together. 309 00:27:33.960 --> 00:27:40.200 The first one is by Desmond to two UM and he said my humanity 310 00:27:40.400 --> 00:27:45.599 is bound up in yours, for we can only be human together and speaking 311 00:27:45.680 --> 00:27:49.880 to Um, you know, collective mutuality and uh needing to work together. 312 00:27:51.000 --> 00:27:53.680 And then I think the second part that we were kind of discussing here is 313 00:27:55.240 --> 00:28:00.319 a Greek proverb that says a society grows great when old men plant trees whose 314 00:28:00.359 --> 00:28:07.039 shade they shall never sit. Exactly exactly, you've got quotes from two places 315 00:28:07.200 --> 00:28:12.640 that I just traveled internationally, that's right, from Cape Town, South Africa, 316 00:28:12.799 --> 00:28:15.480 and then I just came back from Greece. Like this is just, 317 00:28:18.400 --> 00:28:22.480 you know, this is awesome. And so again just kind of pick those 318 00:28:22.559 --> 00:28:27.160 quotes out here to space on a conversation and Um, the need to pass 319 00:28:27.240 --> 00:28:33.519 down that knowledge, expecting nothing in return in your lifetime, but in return 320 00:28:33.680 --> 00:28:40.720 for those who are coming behind you into uh again, always reach back and 321 00:28:40.799 --> 00:28:45.640 help the next person up and not sit at the top alone. So that's 322 00:28:45.640 --> 00:28:51.599 beautiful. Yeah, yeah, go ahead. I was gonna say I got 323 00:28:51.640 --> 00:28:53.839 one for you, Chris. My mom always told me you gotta bend a 324 00:28:53.880 --> 00:28:56.839 tree when it's young. So no way you could determine the way it grows 325 00:28:57.559 --> 00:29:02.720 right. So the all the men that planeted the trees, they not only 326 00:29:02.799 --> 00:29:04.960 planeted the trees, but they helped shape the trees, you know. So 327 00:29:06.079 --> 00:29:08.440 on that way, you know you don't want to be having shape grow within 328 00:29:08.599 --> 00:29:12.400 shade, but when you determine where it is that you could grow, it 329 00:29:12.440 --> 00:29:17.319 could be more bounted for more useful for everybody. So that that's when you 330 00:29:17.400 --> 00:29:21.279 said the tree metaphor. I always like that, but it always reminded me 331 00:29:21.359 --> 00:29:26.279 about what my mom always just the tip of me. So okay, good 332 00:29:26.359 --> 00:29:30.079 choice. Yeah, and you're gonna say something, Josey. I was just 333 00:29:30.160 --> 00:29:37.920 going to say all I I just remember when I first got into business, 334 00:29:38.240 --> 00:29:42.160 and uh, this is going back in the early eighties, and we just 335 00:29:42.319 --> 00:29:45.759 got laptop. We had, you know, dollar and I was home in 336 00:29:45.799 --> 00:29:52.519 West Virginia sitting on the Front Porch with my mom and dad and I had 337 00:29:52.559 --> 00:29:56.240 my laptop open and he's looking over at me and he's like well, what 338 00:29:56.319 --> 00:29:59.279 are you doing? So I was trying to explain to it and I said, 339 00:29:59.319 --> 00:30:02.200 Dad, this is a top I'm getting information and I'm doing email, 340 00:30:02.240 --> 00:30:03.960 blah, blah, blah, and trust me, I'll pay you for you 341 00:30:04.039 --> 00:30:11.319 know, the bill when it comes to doctor. But but he said something 342 00:30:11.400 --> 00:30:14.000 to me and he said, you know, I just want you to think 343 00:30:14.039 --> 00:30:18.079 about this, Joe. You know, I came to West Virginia on the 344 00:30:18.160 --> 00:30:25.480 back of a Buckboard, wow, from North Carolina, Burlington, North Carolina, 345 00:30:25.880 --> 00:30:29.640 and here I am sitting with you and you're doing something I have no 346 00:30:29.839 --> 00:30:33.480 concept of. He said, I understand, and landing on the moon. 347 00:30:33.319 --> 00:30:37.920 But it was a conversation that that I had with my father. But I 348 00:30:38.000 --> 00:30:40.920 told him, I said, Dad, but you gave me other things, 349 00:30:41.640 --> 00:30:45.839 m people skills. You gave me the skill to look and be a you 350 00:30:45.880 --> 00:30:49.759 know, have a vision, because he could go into a church and see 351 00:30:49.920 --> 00:30:53.680 things I could not see. And that was the learning that he gave to 352 00:30:53.759 --> 00:30:56.839 me. I mean I you know, when it came to managing people, 353 00:30:56.920 --> 00:31:02.240 that was one of my strengths, but my father the strength was was definitely 354 00:31:02.319 --> 00:31:07.480 over the top people skills and we couldn't talk about business because he but he 355 00:31:07.640 --> 00:31:10.759 gave me certain principles that today I still stay where he said, Joe, 356 00:31:10.839 --> 00:31:18.200 good business is addition and multiplication. Bad Business Fraction and division. So it 357 00:31:18.359 --> 00:31:22.079 was just those fundamental things that but to your point, Chris, about and 358 00:31:22.279 --> 00:31:30.319 Tristan about, think about the conversations that you'll have with, you know, 359 00:31:30.920 --> 00:31:36.359 your kids, your grandkids, other entrepreneurs, your experiences to learn, but, 360 00:31:36.519 --> 00:31:40.880 more importantly, the connections because, let's face it, that's one of 361 00:31:40.960 --> 00:31:45.400 the things that I had to learn probably ten years in my career was how 362 00:31:45.559 --> 00:31:51.640 do I connect myself to resources and get things done? And you know, 363 00:31:51.839 --> 00:31:57.160 for whatever reason, I know whatever I know, and don't take this wrong 364 00:31:57.200 --> 00:32:00.960 with Chris, but what I'm tennis buddy said something to me one time, 365 00:32:02.000 --> 00:32:06.519 done me and he said, Joe, you're very comfortable around white people. 366 00:32:07.480 --> 00:32:13.039 MHM, and I thought about it for a while and then I I thought 367 00:32:13.039 --> 00:32:16.599 about author Ash. He was my hero going up and in his documentary there's 368 00:32:16.599 --> 00:32:22.039 a statement that Harry Edwards said. He said author Ash could be could operate 369 00:32:22.119 --> 00:32:28.920 on both sides of the picket line, he could be a protester, but 370 00:32:29.039 --> 00:32:32.640 he also had his he also had his body in corporate America. And and 371 00:32:32.799 --> 00:32:37.039 that's what we do as entrepreneurs. You know and you know, we're in 372 00:32:37.839 --> 00:32:42.640 one side here and then we go to the other side to get things done 373 00:32:43.720 --> 00:32:45.559 and then always a challenge. Is just, you know, push and pull. 374 00:32:45.759 --> 00:32:51.160 But it's something that we can pass on. You can have those conversations. 375 00:32:51.200 --> 00:32:53.200 Okay, when you go into a bank, you should not feel uncomfortable. 376 00:32:53.599 --> 00:32:57.599 This is the conversation you're gonna have, Tristan. They're gonna ask you 377 00:32:57.599 --> 00:33:00.480 about this, this, and you're gonna be able to about this, this 378 00:33:00.599 --> 00:33:05.920 and this, right, right. So those are the learning when it comes 379 00:33:05.960 --> 00:33:08.319 to making a decision. Okay, you know, Chris, you know you 380 00:33:08.400 --> 00:33:12.200 really ought to think about scaling Your Business. Why is that, Dad, 381 00:33:12.319 --> 00:33:15.200 well, you're at that point now where you're you're starting to really duplicate things. 382 00:33:15.279 --> 00:33:20.200 You need to have operations. Think about the think about the conversation you'll 383 00:33:20.279 --> 00:33:28.240 have with that second generation of entrepreneurs and then replicate that, replicate that and 384 00:33:28.440 --> 00:33:31.279 replicate that, because those are the things, those are the little things that 385 00:33:31.359 --> 00:33:34.960 we can keep, you know, those are the little things and that we 386 00:33:35.039 --> 00:33:38.839 can pass on, not keep it, pass on that. I that makes 387 00:33:38.880 --> 00:33:42.200 sense. No, no, no, it makes a lot of sense. 388 00:33:42.480 --> 00:33:45.880 I'm just yeah, it was perfect. Um, yeah, we're out of 389 00:33:46.000 --> 00:33:52.759 time, but we're gonna have joe back because this conversation cannot just in here. 390 00:33:52.880 --> 00:33:58.559 But what I would would like to wrap up by saying is, considering 391 00:33:58.680 --> 00:34:04.119 that this is August Um, black business month, I think the conversation that 392 00:34:04.240 --> 00:34:09.199 we have is truly relevant and it talks about US having these conversations to pass 393 00:34:09.280 --> 00:34:15.360 on to the next generation. And just yesterday, as I am trying to 394 00:34:15.440 --> 00:34:20.199 grow my business, my daughter's beside me, so she's experiencing a lot of 395 00:34:20.280 --> 00:34:24.320 the learnings that I'm going through and she's challenging me kind of like how you 396 00:34:24.480 --> 00:34:30.280 challenge your dad with the laptop, right, but we're both learning it together 397 00:34:30.480 --> 00:34:36.159 so that once I'm gone, she has those skill sets and those fundamentals to 398 00:34:36.280 --> 00:34:38.400 keep things going. And I think Tristan is doing that with his kids, 399 00:34:38.800 --> 00:34:44.639 Chris is doing that with our little boss, Lady Hazel. I think that's 400 00:34:44.719 --> 00:34:49.000 just what we need to do as entrepreneurs is, as we're learning and growing, 401 00:34:49.960 --> 00:34:52.760 we're investing in the second the next generation coming up, so that there 402 00:34:53.599 --> 00:34:57.960 leaps and bounds ahead of us when they're ready to get going and, you 403 00:34:58.039 --> 00:35:00.800 know, just just do a cotail off, which you're saying. I was 404 00:35:00.880 --> 00:35:06.320 at the dinner with with Sammy a few months ago and I walked in the 405 00:35:06.440 --> 00:35:10.760 kitchen and Sammy and Scott's daughter is at the table. Would not be his 406 00:35:10.920 --> 00:35:15.960 daughter, and I'm going, you know what, those two and your daughter, 407 00:35:16.800 --> 00:35:21.159 just think of the power they're gonna have. You know, they shoulders 408 00:35:21.559 --> 00:35:25.199 of the three of them and they can take it to a whole another that 409 00:35:25.320 --> 00:35:30.559 is just beautiful what they'll be able to do. Yeah, absolutely, yeah, 410 00:35:30.639 --> 00:35:39.679 I think a drink. I don't know. You want to wrap us 411 00:35:39.760 --> 00:35:44.280 up, Chris? Yes, trippers, thank you so much for joining us 412 00:35:44.360 --> 00:35:46.760 on this a little bit extended, but much needed. For this extension, 413 00:35:46.960 --> 00:35:52.079 Um Joseph has dropped some amazing knowledge here for us. Uh and tune in 414 00:35:52.280 --> 00:35:55.480 because we have a follow up episode with Joseph Coming up here next week. 415 00:35:55.880 --> 00:36:00.280 So thanks you for taking this ride and, uh yeah, um a tune 416 00:36:00.280 --> 00:36:09.119 because this is gonna be awesome. Stay here, don't even unpack. Thank 417 00:36:09.159 --> 00:36:13.480 you for taking this trip with us. We hope you had a great time. 418 00:36:14.079 --> 00:36:17.800 Join US every Tuesday for another bills of TS, TC. And don't 419 00:36:17.840 --> 00:36:22.280 forget to like, to share and subspire. Be Sure to follow us on 420 00:36:22.480 --> 00:36:30.239 Facebook, instagram and visit us at the entrepreneurs trip dot com for more entrepreneurship 421 00:36:30.320 --> 00:36:32.039 tips and trips. See you next time.