Entrepreneurship, Learning a Trade, Second Job, Cell Phones, Credit Cards, Computers and Creativity
I have always tried to diversify my income by making sure we had enough when one business slows down or job pans out. When I was a barber, I took other jobs to make ends meet. Really, diversiﬁcation is a security blanket. Two jobs are better than one no matter how much you make from your main source. Actually, two sources of income are better than one.
It was interesting to read that Oprah Winfrey who has a Television network, a movie production company, a magazine, and a partnership in the diet food company now is partnering with Kraft Foods to develop a food line. The line is reported to be soups, specifically, Tomato Basil, Broccoli Cheddar, Baked Potato, and Butternut Squash. The projected line includes side dishes of Mashed Potatoes and a variety of pastas.
You don’t have to have lots of money to diversify, just an entrepreneurial mind and any number of talents. When I was a teenager, I worked in a barber shop as a shoe shine boy. The owner of the shop was pastor of a church, while working the barber shop. Years later, I worked in a barber shop where the owner also owned a number of rental apartments. Lesson learned? Buy the building where you do your business, then at the right time, you can sell it or pass it on to the next generation.
Four little words in the last sentence said, “At the right time“. Don’t go out buying things on time when it is time to retire and enjoy the fruits of your labor. You don’t have the resources of strength, energy or cash. Buy a ticket to the Caribbean or North Carolina. Travel. Let the next generation expand the dream you have opened.
I’ve read about the life of A. G. Gaston who owned and operated a number of businesses from a Trade School, a Funeral home, a Bank, and a number of other businesses. My family owns a beauty salon, rental properties, a community Newspaper and a Law Practice. Though there may not be a lot of income from any one of the businesses, altogether we are able to get along.
to re-open Grammy’s Place, an Afrocentric gift shop at Hopkins Village. We will have Afrocentric Quilts, Pillows, Bags, Black Raggedy Ann–like Dolls and a variety of wall hangings, Silkscreened T-Shirts and other community made products.
Re-opening Grammys will allow us the opportunity to keep up our Afrocentric products while partnering with local crafts persons and Artists. The shop will be located at Hopkins Village at 1547 North Lake in what is now an empty space behind “Line In The Sand Ministry” and next to The Salon at Hopkins Village. Grammys will also provide business for a few local people.
THE GRAND REOPENING OF GRAMMY’S PLACE IS SATURDAY, NOVEMBER 11TH!
Stop by and help us celebrate.
I support buying syrup by Michelle. (Get at your local supermarket.) Buy some greens and blackeye peas and other soul food products by Glory Foods, and begin to look for Oprah’s products on store shelves. Take a look at your skill set and consider opening a business of your own.
The future is made up of cell phones, redit cards, creativity and computers. Which ones have you mastered? Physical labor will be done by crews and contracts. Community churches are more and more competing with television mega churches. These things don’t always need a regular financial gift, but better management of the tithes and offerings.
As I get older I can appreciate these things, more and more.