Wow...Robert, you stole a little of my thunder.
I don't really idolize anyone, but I greatly admire the accomplishments of John H. Johnson, the founder of
Ebony and Jet magazines. He had the necessary charisma, tenacity and passion to convince corporate America that there was such a thing as a black consumer market.
In 1942, he took out a $500 loan that he used to send charter subscription offers to Supreme Liberty customers. Within a year, sales soared from 5,000 to 50,000.
Based on that success, in 1945 Johnson launched Ebony, modeled after Life magazine. In 1951, he added Jet, a more news-oriented magazine that chronicled the growth of the civil-rights movement.
I highly recommend reading his autobiography,
Succeeding Against The Odds. That book is as good as it gets for providing inspiration.
I also have a great deal of admiration for BET founder, Robert Johnson who is also the owner of the Charlotte Hornets basketball franchise.
Johnson borrowed money to start his own cable brand, BET. Launched in 1980, it was profitable within five years. In the early '90s BET became the first African-American-controlled company to be traded publicly on the New York Stock Exchange. In 1998 Johnson bought it back and then sold it to Viacom, pocketing a reported $1.5 billion himself and retaining his position as chairman and CEO.
Dale King