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Are Black Business Owners That Sell Their Companies Sellouts? · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Also, I think it's important to talk about how to
• 1:03
  Speaker 3: fill fully. What is having a black business really mean?
• 1:07
  Speaker 3: And even black businesses that sell and it's like, you know,
• 1:12
  Speaker 3: a lot of times when black businesses sell there's a
• 1:15
  Speaker 3: tremendous push on social media to call them and sell
• 1:18
  Speaker 3: out or to you know, and you actually are hurting
• 1:21
  Speaker 3: the valuations of companies, and your negative comments are costing
• 1:26
  Speaker 3: people hundreds of millions of dollars because the company is like, Okay, well,
• 1:30
  Speaker 3: now if I buy a black business, I'm gonna have
• 1:32
  Speaker 3: to deal with pushback that I don't have to deal
• 1:33
  Speaker 3: with if I buy a white business. So just that
• 1:36
  Speaker 3: the evaluation might be five hundred million, but I'm only
• 1:38
  Speaker 3: paying three hundred million. But what you don't understand, what
• 1:40
  Speaker 3: you guys are feeling to understand, is that liquidation events
• 1:43
  Speaker 3: usually are the only time where you can actually get
• 1:45
  Speaker 3: a large sum of money. Even if you have one
• 1:47
  Speaker 3: hundred million dollar business, you might be running on thin
• 1:49
  Speaker 3: margins and you're not really you're not really making that
• 1:51
  Speaker 3: much money. And if you now, if you get three
• 1:54
  Speaker 3: hundred million dollars, now you can actually affect change because
• 1:56
  Speaker 3: it's been it's been actually proven that black people usually
• 1:59
  Speaker 3: spend money with black people. So now the entrepreneur that
• 2:02
  Speaker 3: just sold their business for three hundred million dollars is
• 2:05
  Speaker 3: gonna it's gonna circulate black to the black economy. Somehow
• 2:08
  Speaker 3: because you'll probably start a new business, right your fund angel,
• 2:13
  Speaker 3: she's gonna invest in other businesses, she's going to hire
• 2:18
  Speaker 3: black people. This is going to triculate, and it's going
• 2:21
  Speaker 3: to be actually more beneficial than if she would have
• 2:24
  Speaker 3: kept the business, because now she might be only making
• 2:26
  Speaker 3: a million dollars a year. Right now she gets three
• 2:28
  Speaker 3: hundred million. We need we need more uber uber rich
• 2:31
  Speaker 3: black people. We don't have enough outside of sports entertainment.
• 2:34
  Speaker 3: So it's like a lot of people that's uneducated on
• 2:37
  Speaker 3: social media with negative comments. You don't you don't realize
• 2:41
  Speaker 3: how dangerous you are because you actually do have power
• 2:44
  Speaker 3: because you control social equity. So your your one comment
• 2:49
  Speaker 3: leads to a domino effect of a thousand comments, and
• 2:53
  Speaker 3: that that leads to a variety of things that happen
• 2:57
  Speaker 3: outside of the realm of your understanding. And you're not
• 3:00
  Speaker 3: able to understand what you're doing, but you're actually having
• 3:03
  Speaker 3: a very negative effect on black businesses and black economy period.
• 3:07
  Speaker 3: And just from a negative standpoint of just negative comments,
• 3:09
  Speaker 3: you know, it's like you just got to be very
• 3:12
  Speaker 3: careful of using words like oh, sellout, or you did this,
• 3:17
  Speaker 3: or I'm not supporting anymore. No, it's just it's something
• 3:21
  Speaker 3: that I think, you know, you just got to be
• 3:22
  Speaker 3: extremely careful of because without knowing it, you're you're actually
• 3:28
  Speaker 3: part of the problem.
• 3:28
  Speaker 4: Yeah, because you're I mean, you're a customer base.
• 3:30
  Speaker 2: Right.
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  Speaker 5: So if said company is saying that they're going to
• 3:32
  Speaker 5: buy this company for five hundred million dollars, right, they're
• 3:36
  Speaker 5: looking at it like, well, if I buy it for
• 3:38
  Speaker 5: five hundred million and twenty percent of your customer base
• 3:41
  Speaker 5: as they're long and longer supporting you because I'm buying it,
• 3:44
  Speaker 5: then the evaluation comes down. So we got to be
• 3:47
  Speaker 5: mindful of the positions that we're in, right that we
• 3:49
  Speaker 5: should be feeling like, hey, this is an accomplishment. Yes,
• 3:54
  Speaker 5: they can now pour it back. They've now reached a
• 3:56
  Speaker 5: certain level. They can create new funds, they can give
• 3:59
  Speaker 5: new opportunities other people, rather than saying all the product
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  Speaker 5: is gonna change because you sold it to this company now.
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  Speaker 3: And but people don't realize that most businesses don't even
• 4:06
  Speaker 3: make it to the second generation.
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  Speaker 4: So what what would you rather have? Would you rather
• 4:10
  Speaker 4: have it?
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  Speaker 3: Would you rather have a black entrepreneur that starts a
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  Speaker 3: business that sells it for four hundred million dollars, And
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  Speaker 3: like I said, the odds are they'll probably start another business,
• 4:17
  Speaker 3: or it's gonna they're gonna circulate this money somehow, Or
• 4:21
  Speaker 3: would you rather them have a business that is successful
• 4:25
  Speaker 3: that runs into the ground and becomes Jet magazine, because
• 4:29
  Speaker 3: you're not gonna You're not gonna be able to bail
• 4:30
  Speaker 3: them out when they when when they're bankrupt, when there's
• 4:34
  Speaker 3: no longer support, when it's when when people are saying
• 4:36
  Speaker 3: that they're cordy, now when they become fooble, right, and
• 4:40
  Speaker 3: now they're saying that, no, they're just cordy, and we
• 4:42
  Speaker 3: don't we don't want to wear their designs anymore. Now,
• 4:46
  Speaker 3: where's the where's the support for them?
• 4:49
  Speaker 4: Right?
• 4:49
  Speaker 3: Where's the where's the outcry of damn, we should have
• 4:52
  Speaker 3: supported this company. You're not gonna raise a fund to
• 4:55
  Speaker 3: give them four hundred million dollars. And that's not it's
• 4:57
  Speaker 3: not beneficial when they go bankrupt. Nobody's been a it's
• 5:00
  Speaker 3: in that situation. Nobody benefits when the company gets run
• 5:03
  Speaker 3: running too the ground. Nobody benefits when the founder dies
• 5:06
  Speaker 3: and then the kid takes it over and has no
• 5:08
  Speaker 3: idea what he's doing, and then in five years, it's
• 5:10
  Speaker 3: going to be going. But that's the life cycle of business.
• 5:13
  Speaker 3: Business have has a life cite just like just like
• 5:16
  Speaker 3: people have life cycles. Very few businesses last three hundred years,
• 5:19
  Speaker 3: five hundred years. Of course, that's very to it, but
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  Speaker 3: it's not. It's not common. It's not it's not common.
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  Speaker 3: So it's like sometimes you got to take a motion
• 5:28
  Speaker 3: out of it and really think from a from a
• 5:30
  Speaker 3: rational standpoint.
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  Speaker 4: What are you What are you getting in business for?
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  Speaker 3: You're getting in business to change people lives, to have
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  Speaker 3: a product, but to ultimately make money money, that's the
• 5:40
  Speaker 3: whole point of it. Yeah, should the founders that get
• 5:44
  Speaker 3: these large liquidation events, should they be obligated to give
• 5:47
  Speaker 3: a percentage to the community through investing or reinvesting back
• 5:51
  Speaker 3: into the company in the same fashion that we have like.
• 5:57
  Speaker 4: Other entities do.
• 5:58
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• 7:50
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:54
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 7:58
  Speaker 1: accused of murdering Texas. Man of Venezuelan charged with filming
• 8:03
  Speaker 1: and selling child pornography in Michigan. These are just some
• 8:07
  Speaker 1: of the heinous migrant criminals caught because of President Donald J.
• 8:11
  Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of
• 8:15
  Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
• 8:19
  Speaker 1: at the lowest levels ever recorded, and over one hundred
• 8:23
  Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
• 8:27
  Speaker 1: your next you will be fine nearly one thousand dollars
• 8:31
  Speaker 1: a day, imprisoned and deported, you will never return. But
• 8:35
  Speaker 1: if you register using our CBP home app and leave now,
• 8:39
  Speaker 1: you could be allowed to return legally. Do what's right,
• 8:42
  Speaker 1: leave now. Under President Trump, America's laws border and families will.
• 8:48
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 8:51
  Speaker 3: Do you think there should be no obligation towards that,
• 8:53
  Speaker 3: because sometimes when these events happen, people feel as if, well,
• 8:56
  Speaker 3: that's great for them, But like, what do I get
• 8:58
  Speaker 3: out of it?
• 8:59
  Speaker 4: Nothing? Get you get? You get nothing out of it?
• 9:01
  Speaker 4: What did you what do you support? The product you
• 9:02
  Speaker 4: get from buying Nike for one hundred years? This is
• 9:04
  Speaker 4: the thing.
• 9:04
  Speaker 3: And get what a reading I said something and he
• 9:06
  Speaker 3: was like, oh, I never heard a white kid saying
• 9:08
  Speaker 3: like the first thing he wants to do is buy
• 9:10
  Speaker 3: his mom house. I never heard a white person ever
• 9:13
  Speaker 3: get asked what did you do for your community?
• 9:15
  Speaker 4: Nothing? Did nothing for white community, right.
• 9:19
  Speaker 3: Like we we put so much pressure, But that's because
• 9:22
  Speaker 3: the system inherently does for that community, though do for Look,
• 9:27
  Speaker 3: it's not anybody's responsibility to change the trajectory of a
• 9:33
  Speaker 3: billion people's lives.
• 9:34
  Speaker 4: It's gonna happen by accident. That's that's why.
• 9:38
  Speaker 3: That's what I'm trying to get you to say, Like,
• 9:39
  Speaker 3: if a black person gets rich, it's gonna benefit black
• 9:42
  Speaker 3: people by accident. Now, whatever they want to do on
• 9:45
  Speaker 3: top of that is great, but nobody should be held
• 9:48
  Speaker 3: to this, to this standard of well what did you well.
• 9:51
  Speaker 4: What did you do? What did you do? Like you
• 9:55
  Speaker 4: know what I'm saying, Like people asking all the time, like, well,
• 9:57
  Speaker 4: what did you do for your community? What did you
• 10:00
  Speaker 4: do for your community?
• 10:01
  Speaker 2: What are you currently?
• 10:01
  Speaker 4: You've been there for thirty years? Well I'm not a millionaire. Okay,
• 10:04
  Speaker 4: you could coach a basketball team.
• 10:06
  Speaker 3: You can get the money if you have.
• 10:08
  Speaker 4: You could clean up.
• 10:09
  Speaker 3: You could just have a cleanup project on Saturday and
• 10:12
  Speaker 3: just clean up the park.
• 10:13
  Speaker 4: That doesn't cost anything. You can have a mentorship program.
• 10:18
  Speaker 4: What did you do?
• 10:19
  Speaker 3: So? I think that black people have a problem with
• 10:21
  Speaker 3: a savior. We have a savior problem. There's no savior.
• 10:25
  Speaker 3: I'm gonna be honest with you. A white savior is
• 10:28
  Speaker 3: not coming to save us, but a black saver is
• 10:31
  Speaker 3: not coming to save us either. Nobody's coming to save us.
• 10:35
  Speaker 3: It's a collective. It's a collective. Once you work as
• 10:38
  Speaker 3: a collective, then you understand that every person in society
• 10:41
  Speaker 3: has a responsibility. Every person society has a responsibility. Some
• 10:44
  Speaker 3: people's responsibilities are bigger than others. But if we look
• 10:47
  Speaker 3: at it from that collective standpoint, you never see it.
• 10:50
  Speaker 3: I've never seen a Chinese person ever say like this
• 10:53
  Speaker 3: is my savior. A Japanese they understand, they understand collectiveness,
• 10:56
  Speaker 3: and that comes from from the communist standpoint, but they
• 10:59
  Speaker 3: also they just understand it.
• 11:00
  Speaker 4: But it's a collective. Do you do your part.
• 11:03
  Speaker 3: I do my part, and if we all do our part,
• 11:06
  Speaker 3: then that's how we're gonna rise. As opposed to Michael
• 11:08
  Speaker 3: Jordan writing a check for fifty billion dollars, where's.
• 11:12
  Speaker 4: That gonna go? We've seen that happen. Mark Zuckerberg gave
• 11:14
  Speaker 4: New Jersey one hundred million dollars. What happened.
• 11:19
  Speaker 3: Charity is not the way. Charity is not A charity
• 11:22
  Speaker 3: is not a blueprint for success. It's not sustainable. We've
• 11:25
  Speaker 3: seen this in Africa. How much money has been poured
• 11:27
  Speaker 3: into Africa. It's not sustainable charity. But we gotta get
• 11:33
  Speaker 3: out of this mindset of looking for charity. Do for yourself,
• 11:37
  Speaker 3: help yourself, help your family, everybody help each other. Then
• 11:42
  Speaker 3: that's that's how everybody's gonna rise together looking for somebody.
• 11:46
  Speaker 3: Nobody owes you anything, Nobody in life owes you anything.
• 11:49
  Speaker 3: And I'll be honest with you nine times. At today're
• 11:51
  Speaker 3: not gonna do anything for you anyway. So you're looking
• 11:54
  Speaker 3: for somebody to magically sprinkle something that's going to change
• 11:57
  Speaker 3: your life. So waste the time, so waste the energy.
• 12:01
  Speaker 2: Not at all.
• 12:02
  Speaker 4: Yeah, it's not gonna happen.
• 12:03
  Speaker 3: And then sometimes even if you do do that, it's
• 12:06
  Speaker 3: not appreciated or title mckickson or betrayal after you give.
• 12:10
  Speaker 4: Happens, or you didn't or you didn't do enough. O.
• 12:15
  Speaker 3: Hey, if I gave you something and you switched up
• 12:20
  Speaker 3: on me, can I get my money back please?
• 12:25
  Speaker 4: One time?
• 12:31
  Speaker 2: Yeah?
• 12:33
  Speaker 4: But what do I know? Rashon? Last question? What do
• 12:37
  Speaker 4: you say to the people to set you change?
• 12:39
  Speaker 3: After you went to Divos and you got your reptilian card,
• 12:42
  Speaker 3: li'sten on a spicy note.
• 12:45
  Speaker 4: Now we got to look about the other things too, Yes,
• 12:48
  Speaker 4: shout out to the reptilians out there. The car the
• 12:55
  Speaker 4: card is presdent. No, that's funny.
• 12:58
  Speaker 3: You always gott to think bigger than your I never
• 13:00
  Speaker 3: I never thought of myself even when I was local.
• 13:04
  Speaker 3: I never thought of myself as a local person. Like
• 13:06
  Speaker 3: you know, I always thought bigger. So you know, there's
• 13:09
  Speaker 3: always gonna be negative people in this world. But I
• 13:12
  Speaker 3: feel like the world is Is is such a big place.
• 13:16
  Speaker 3: You gotta travel, You gotta do business, you gotta learn culture,
• 13:19
  Speaker 3: you gotta you know, you gotta do everything like you gotta.
• 13:21
  Speaker 3: You gotta be in Asia, you gotta be in Africa,
• 13:24
  Speaker 3: you gotta be in Central America. You gotta talk to billionaires,
• 13:27
  Speaker 3: you gotta talk to gang members. You gotta talk to
• 13:30
  Speaker 3: everybody to get a full perspective of life.
• 13:35
  Speaker 2: Yep.
• 13:37
  Speaker 4: But I will say this, if you hang around enough
• 13:41
  Speaker 4: billionaires one day, come on in there. Yeah, no, you gotta.
• 13:46
  Speaker 4: You gotta just by mistakeout to Neil Davis.
• 13:50
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:53
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 13:58
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 14:02
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 14:06
  Speaker 1: some of the heinous migrant criminals caught because of President
• 14:09
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 14:13
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 14:18
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 14:22
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 14:25
  Speaker 1: are here illegally. Your next you will be fine nearly
• 14:29
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 14:33
  Speaker 1: never return. But if you register using our CBP home
• 14:36
  Speaker 1: app and leave now, you could be allowed to return legally.
• 14:40
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 14:45
  Speaker 1: border and families will be protected.
• 14:48
  Speaker 2: Sponsored by the United States Department of Homeland Security,