Council Post: Business Lessons From Successful Black Entrepreneurs (Part 3): Tenacity Is Needed To Succeed

Hughes’ loan is an example of brilliant foresight, but it was only brilliant because she had already proven that her concept for multiplying money worked during her time at Howard University. Before borrowing a million dollars, it’s wise to prove your ability to multiply money in a smaller, lower-risk capacity. This type of knowledge and previous experience can help you find success when making bold financial moves.

Yet after Hughes’ success as Howard University’s general sales manager, she was approached by a group of investors who wanted her to use her skills to run a radio station for them. In a meeting, one of the investors joked that if she wanted creative control over the station’s content, she should start her own station. Hughes realized that the moment she’d been waiting for had arrived and rose to the occasion.

Impress me ☀!

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