Category Archives: Business

OWN Programming STILL Fails To Excite: Women Are Beyond Soap Operas And Chocolate (Maybe Not Chocolate)

“Think like a queen. A queen is not afraid to fail. Failure is another steppingstone to greatness.” – Oprah Winfrey

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Five years ago, Oprah Winfrey hung up her crown as the greatest daytime host ever to assume the full-time CEO role of her then fledgling network. The Oprah Winfrey Network better known as OWN, a 50-50 partnership between Harpo Productions and Discovery Communications, was suppose to allow Oprah’s rabid fan base to transition from just a few hours of her a day to twenty four hours of programming laid out by the queen of television. You know when they say be careful of what you ask for? This became the question Ms. Winfrey had to be asking herself in the first few years of the new network. Filling twenty four hours of programming versus a few hours proved to be as expected quite a mountainous task. There was shakeup at the network not even one year into its debut as Discovery Communications flexed its muscle in the partnership influencing some changes in leadership. It has helped, but is OWN missing a chance to be a transformative platform for women that can also be a financial juggernaut?

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Filling twenty four hours of quality programming for women actually should not be that complicated. Unfortunately, OWN has reduced women’s interest to a version of Lifetime “light”, Tyler Perry shows, Dr. Phil episodes, and now that Oprah has a ten percent ownership in Weight Watchers International expect viewers to get a full barrage of subtle (or not) hints at body shaming. This new formula has certainly paid off for the network with the most successful quarter in the network’s history coming in the first quarter of 2015. Maybe the expectation that OWN could be much more than it is is unrealistic, but this unimaginative content is not reflective of the myriad of interest that anyone who is a woman or knows a woman has. And it is that very lack of imagination that will keep OWN as a marginal television station and investment for Discovery Communications who may eventually decide to jettison the partnership and financially costing Ms. Winfrey dearly. So what should be done?

The most profitable live television events right now that can not be DVR’d is sports programming, which is why media companies are paying billions to have the licensing rights to the NFL and other live television events in the moment. Sports is an acute missing piece of the OWN programming puzzle, especially when it comes to the NFL where women are the fastest growing demographic fan base. Now, nobody needs to kid themselves that OWN, Discovery, or Ms. Winfrey personally can afford to buy licensing rights to prime NFL games. Disney, a company ten times the size of Discovery Communications and owner of ESPN, pays the NFL almost $2 billion annually just to show NFL games. That being said, where is the “Sportscenter” for women on OWN? Gone are the days where women just sat next to their boyfriend or husband and watched the game. Today, women are as knowledgeable if not more about the game and those who are not are interested in knowing more. A NFL show hosted by women for women could easily take up one or two hours everyday on the network. There are a plethora of women football gurus on social media with devout followings like Lizz Robbins (Lizzs_Lockeroom) with almost 30 000 followers. She tweets about everything from the NFL, NBA, MLB, and even NHL covering a plethora of women demographics that advertisers would love. Never mind it may make the NFL come advertising with OWN instead of the other way around. Secondly, live women’s sporting events often are given the second hand treatment by both men (and women) sporting fans. The WNBA needs more exposure and OWN could offer the league prime time spots. Every professional sport women participate in like the LPGA and WTA could benefit from time on OWN and OWN could benefit from their content. Now, instead of fathers and sons rooting on their favorite athlete it could be mothers and daughters cheering on Serena Williams or Skylar Diggins. You know ESPN’s 30 for 30? What about producing one of those on “Babe” Zaharias, the multi-sport start of the early twentieth century that showed many that women loved to get down and dirty and compete just like her male counterparts. Again, a women-centric view that speaks to not only women’s interest, but highlights women’s participation that is so often overlooked in mainstream media.

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Beyond sports, there is a treasure trove of other possibilities. A show on technology that features Reshma Saujani, founder of Girls Who Code, and Kimberly Bryant, founder of Black Girls Code, could highlight news on the latest in women’s work and innovation in the field. A political show with both liberal and conservative views featuring the recently released MSNBC host Melissa Harris-Perry and Christina Sommers, respectively. Apart or together they would certainly generate fireworks, ratings, and revenue with both having very strong social media followings. And given women’s increased economic importance to both their household and the nation, a myriad of shows such as financial and investment news featuring Mellody Hobson, president of Ariel Investments in Chicago, or a complete show dedicated to women entrepreneurs who are now responsible for 3 out of every 5 new businesses (see above) started in the United States. The Federal Reserve, arguably the world’s most powerful bank, is led by a woman. The next president of the United States of America maybe a woman. Countless countries around the world are already headed by women. Again, the possibilities for meaningful, substantive, and profitable content are endless because women’s interest are as vast as the land and sea.

It is hard to know whether OWN is actually being held back by its relationship with Discovery Communications, which may have a formula it believes works for women’s programming. The problem is that programming model is outdated. Gone are the days where the belief was that women only want to watch soap operas and eat chocolate. There is an opportunity for OWN to be a trailblazer in reflecting the new reality and profit handsomely from doing so. Women’s importance is no longer behind closed doors, but in the forefront of every aspect of our society today. It is time that mediums, especially ones that are visual and have the ability to impact future generations of girls reflect the new world. The leadership at OWN must realize that being at the vanguard of this will be what ensures its success (and profitability) and not doing so will ultimately doom it to the dustbin. After all, this is business.

The HBCUpreneur Corner™ – Prairie View A&M University’s Marcus King & Hardly Home

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Name: Marcus Lamont King

Alma Mater: Prairie View A&M University – Mechanical Engineering B.S.

Business Name & Description: Hardly Home, LLC. The coolest travel blog, brand and booking agency there is.

What year did you found your company? May 2013

What has been the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting part of my HBCUpreneur career has been watching the growth of my idea and seeing pictures of people traveling all over the world wearing apparel I’ve created. The support I’ve received from all over has truly been amazing.

What made you want to start your own company? I dreamt I was on vacation in Jamaica and woke up to an alarm and the reality that is was 5am on a Monday morning and time for me to get ready to go to work.

Do you have a favorite travel memory from childhood? Surely exploring Cancun with my brother and parents while on vacation when I was just 5 or 6 years old. It was a blessing to experience a different culture at such a young age and see with my own eyes how beautiful another part of the world is.

Who was the most influential person/people for you during your time in college? All my friends are people I look up to and have to say they were the most influential people for me during my time in college. They’ve taught me much about myself and are a big part of my success today.

How do you handle complex problems? I always always always, take a step back and look at the big picture to understand what the problem is at its root. I’ve found there’s often many solutions to a problem and it helps for me to start at a point where I can simplify it in logical terms and attack it from there one step at a time.

What is something you wish you had known prior to starting your company? I wish I had known earlier in life that I would eventually become an entrepreneur and business owner. I feel as though my whole life I was taught to go to school, make good grades and get a good job. Well, I did that and found I would much rather be the master of my own destiny choosing with how and where and with whom I spend my time, perhaps what I consider my most valuable resource.

Having had this mindset at an earlier age, I would have read and studied more the fields it takes to run a business, such as accounting, marketing, taxes etc.

Only 28 percent of Americans have a passport and the number drops even more significantly among African Americans. How would you spur more passport acquisition by African Americans? It starts by raising awareness in our community, the world that exist at our footsteps and how important and beneficial travel is to one’s own personal development. Many travelers I’ve met have often expressed how much travel has changed their lives for the better and taught them things they could never learn in a classroom.

There is an underuse of America’s national parks by African Americans. Two of the primary attributes to this according to the New York Times is that there is very little African American presence among national park employees and therefore creates a hesitation by African American families engaging and little familiarity with the parks themselves. Aside from those, do you believe there are other reasons our families do not engage the outdoors and national parks specifically? I have to suggest exposure and economic equality as the leading causes for the underuse of America’s national parks by African Americans. Unfortunately, there are also a large number of us who have been raised in broken homes mostly by single hard working mothers in inner cities. I believe it takes a certain level of grit to explore the outdoors and with today’s modern society I don’t believe many of us are raised in environments where we can take advantage of the American outdoors.

There are a lot of different aspects to travel. What are some areas of the travel industry that HBCU students and alumni should be focused on as moving forward that will present opportunity in your opinion?In hindsight I wish I could have had the opportunity to live and study abroad and learn a different language. As a young black male born and raised in the states, it hurts to watch the news and see the systematic injustice continually being done to my people.. I would encourage others to travel internationally and not live inside this box that is America.   Now more than ever, with the internet, we can connect with people at a moment’s instance, clear across the world. The globe is full of opportunity and there are more places to make a living than in the U.S. Get your passports and consider life as an expatriate.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? As mentioned prior, I feel as though I was taught such that obtaining a good job was the end all be all goal. Today, I feel that couldn’t be more false. It would be nice to see professors teach from a perspective that students can take the knowledge they gain in their classrooms and apply it in an entrepreneurial sense.

I believe the lack of black businesses in America is the leading cause for economic disadvantage in our communities and it would be nice to see HBCU’s address this idea in their curriculum.

How do you deal with rejection? Rejection really just adds fuel to my fire and motivates me to keep pushing. You could make a case my self-confidence is through the roof, there isn’t much that I feel I can’t do and so when I’m rejected I instantly mark it as a loss for the person doing the rejecting. I’ve a long list of rejecters and non-supporters I go hard for every single day.

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When you have down time how do you like to spend it? Friends and family without a doubt, I love getting together, playing sports, eating, laughing, dancing and having a good time.

What was your most memorable HBCU memory? PV Homecoming without a doubt is the most highly anticipated and epic event I look forward to every year. Outstanding memories, although some blurry, have been made year after year since I began attending Prairie View in 2006. Everyone should attend a PV Homecoming, no questions about it.

In leaving is there any advice you have for budding HBCUpreneurs? Do good and be great! Keep God first, follow your passion and don’t ever give up! Read or listen to the audible version of “Think and Grow Rich” by Napoleon Hill. Let’s also put to rest the notion we do not provide good customer service by providing excellent customer service and make sure you visit HardlyHome.com for all your travel needs.

Peace and Blessings!

The HBCUpreneur Corner™ – North Carolina A&T’s La’Tisha Price & EducateDancer

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Name: La’Tisha Price

Alma Mater: North Carolina A&T State University

Business Name & Description: EducateDancer Studio, Dance studio and apparel for ages 2-Adult

What year did you found your company? My company was founded June 20, 2014.

What has been the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting moment of my HBCUpreneur career has been the opening of my studio. It has been 3 months and God has blessed this studio with amazing things! The most fearful moment would have to again be the opening of my studio. It takes a lot to make sure you stay relevant and constantly growing your clientele as well as challenging your students so that they continue to grow.

What made you want to start your own company? I have always wanted a dance studio. Dance is is something that I love whether I am the performer or behind the scenes. I also love education and the growth and development of people. These two things combined make me the happiest woman on Earth. I believe in having multiple sources of income as well as working for myself. I always knew I would go into business for myself, I just wasn’t sure what it would be.

Who was the most influential person/people for you during your time in college? The most influential people for me throughout college has to be my 3 mentors, Dr. Kenneth Ruff, Ms. Tiffany Brown, and Ms. Akua Matherson. My mother put me in the best hands possible and these three people truly molded me into a wonderful performer and woman. I struggled with balancing school and dance, I struggled with social ridicule from others, and these three kept me focused. They pushed me to my full potential and I am forever grateful for them.

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How do you handle complex problems?  I am faced with complex problems all that time. I first take a second to breathe and think things through. I always keep a positive mindset because negative thinking will limit you. I like to include the thoughts and perspectives of my closest friends so that I can have something to compare my thoughts to and then I make my decision. Honestly, “you’ve got to do what you’ve got to do” as they say! As long as the ending result is ethical and moral, I make sure I solve the problem so I can move on to the next.

What is something you wish you had known prior to starting your company? I wish I would have known more of the legal information. I think that is the hardest part to figure out because it’s a lot of phone calls, paperwork, trademarking, it can get hectic. Starting out most business owners don’t have the money for lawyers, accountants, etc. I don’t want to take out any loans because I am still paying student loans. So I had to figure out a lot of information on my own and some stuff I learned late, but better now than never.

How do you see Misty Copeland’s presence on the ballet landscape impacting your business? and African American participation both as participants and viewers in ballet overall? I think every black dancer has an admiration for Misty Copeland. It’s the same with education, our hair, our actresses, our culture! Whenever we see an African American woman accomplishing a major goal we automatically idolize them. Its beautiful! Ballet is French and a lot of African American woman don’t receive the acknowledgement that they should for excelling in the field. I work really hard to make sure that my young dancers are not simply “whipping and hitting the quan”. It’s okay because I appreciate our culture of fun dances, but to be a well-rounded dancer they need training, ballet training!! We have a lot of black dance studio’s that train African American ballet dancers, for example; Debbie Allen has a dance studio that is packed with African American (young) ballet students. It’s a beautiful thing to witness and I am so happy to be a part of the contribution with my own studio.

Being both an instructor and CEO/President of the company has to come with some challenges. What has been your biggest help in managing both roles? The biggest challenge is having time for me. Outside of being the CEO and an instructor, I also have a full-time job as an EC Assistant and Job Coach at a high school. I am also engaged to be married. I have a lot of things going on and sometimes it is overwhelming for me to juggle all of these different things. However, I enjoy being a woman that wears many hats.

What do you believe are some of the biggest headwinds facing the ballet industry as a whole in the coming decade? I’m not sure what some of the biggest issues are facing ballet, I am more invested in HBCU Dance.

Where do you see your company in ten years?  In 10 years, I would like to see about 4-5 EducateDancer Studios around North Carolina with a structured curriculum! I would like to provide dance scholarships and send more dancers and students to HBCU’s.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? It would be great to bring more entrepreneurs to HBCUs to speak, hold conferences, workshops, etc. I have nothing against corporate America and working a 9-5; However, I feel as if that is the ONLY thing you do, you are limiting yourself. Someone is in charge of your paycheck, someone is in control of your promotion. We have so many discrimination issues towards women and race, I don’t even feel comfortable working for someone and honestly believing that I would grow within that company. We should push for more entrepreneurs, even if you do work a 9-5. Have something to call your own.

How do you deal with rejection? I handle rejection very well. I’m a dancer and I am used to criticism and rejection because that happens in this business. I also have a close enough connection with God to know that he will give me what I need and he won’t let me walk into something that is not for me.

When you have down time how do you like to spend it? When I have down time I love to spend it with my fiancé! He is honestly the best person I have ever met in my life! We have so much fun together and I am so in love that I just can’t think of anyone else that I would want to be around. We both love to have fun, so it’s a guaranteed fun time when I’m with him.

What was your most memorable HBCU memory? My most memorable HBCU memory was dancing with Golden Delight throughout my entire college career.

In leaving is there any advice you have for budding HBCUpreneurs?The best advice that I can give is “Don’t Quit!” I often have to tell myself the same thing. When I had the opening of my studio I asked all my friends that attended to write a special note to me and to put it inside of this little box. Whenever I get sad, or feel like I cant make it anymore I read one of their notes about “how proud they are” or “how this is so amazing for so many little girls” and I keep going. So if anything, DO NOT QUIT!

Oprah Winfrey Purchases Over 10 Percent Of Weight Watchers International

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In a surprise move to many, Oprah Winfrey, Tennessee State University alum and second wealthiest HBCU graduate, purchased a 6.4 million shares of Weight Watchers International’s 57.3 million outstanding shares giving her an 11.2 percent stake in the company. She also has the option to purchase an additional 3.5 million shares, which would push her stake in the company to 17.3 percent. In either case the deal makes Ms. Winfrey the company’s second largest shareholder behind the Artal Group S.A., which itself is owned by Invus, an European shared family office representing a number of wealthy European families.

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The deal also is going to feature Ms. Winfrey as the new face of Weight Watchers. A move to help the long embattled company turnaround is the hope of Ms. Winfrey’s midas touch, that itself has lost some of its luster the past few years. OWN, Ms. Winfrey’s network that she co-owns in a 50-50 venture with Discovery Communications, has struggled to truly gain traction and take off as many had hoped. However, we can certainly expect Weight Watchers to become featured product on the channel’s programming that targets women 25-54.

Will this deal pay off for Ms. Winfrey and her HARPO, Inc.? After the announcement of Oprah’s investment shares in the company doubled and risen almost 150 percent in a little over a week since the October 16th close. Despite this feverish rise short sellers in the company have increased their borrowing of shares by 25 percent. A sign that Ms. Winfrey’s presence is nothing more than temporary fix to a company that may be permanently broken. One of the key statistics to examine is Weight Watcher’s net income (profits) is down over almost 55 percent over the past three years. However, one must also assume that Ms. Winfrey and her team did their due diligence prior to such an investment and see some light at the end of the tunnel.

If the deal does fail, do not worry. The $43.2 million investment in Weight Watchers International is only 1.4 percent of Ms. Winfrey’s net worth, which currently stands at $3.1 billion.

 

Akon Lighting Africa and the Potential of HBCUs In Africa’s Development

“If you want to go quickly, go alone. If you want to go far, go together.” ~ African proverb

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My travels to West African countries (Benin, Togo, & Ghana) in a study abroad program in 2006 were the highlight of my graduate education. However, the unfortunate aspect of the trip was that we, as students, weren’t provoked to consider our role in the global economy, specifically Africa. This would have been an opportune time in our intellectual development to challenge us to assess critically how we could become change agents as we encountered the host of social and structural issues of each country. For instance, in each country we visited, we witnessed many residents of the rural towns and villages using kerosene for lighting their homes and businesses. Unbeknown to us, approximately 22 million people in sub-Saharan Africa were living without electricity at the time. There are many opportunities present in rural Africa, and students should be at the center of entrepreneurial conversations, solutions, and building of partnerships.

As an educator, I am concerned that students, and Historically Black Colleges and University (HBCU) students in particular, are not having transformative conversations and experiences regarding entrepreneurship and using academic knowledge and resources to empower the African Diaspora. This conversation is necessary if we are truly interested in preparing our students to be at the forefront of global issues. HBCUs have the unique opportunity to develop students’ social and economic competencies to meet global needs that they may only be privileged to receive during the course of their higher education.

Many HBCUs have community-based programs such as study abroad programs, service-learning projects, and civic engagement activities that are focused on various African countries, which they do a good job of exposing students to African heritage, language, culture, dance, and ethnic cuisines. This knowledge and cultural exposure should only be the foundation to inculcating entrepreneurial and transformative thinking to students. To the contrary, most of these community-based programs simply focus on students’ exposure and consumption of “authentic” African culture without helping students to facilitate and develop entrepreneurial initiatives that would socially and economically enhance the place they are visiting. Instead, students leave Africa with masks, artwork, mud cloths, statues, and other cultural goods without understanding civic and global engagement that leads to sustainable solutions.

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The most recent community initiative by a hip hop artist, Akon, made me re-evaluate the role HBCU administrators, alumni, students, and entrepreneurs. Akon is well known for his entrance in the hip hop music scene in 2004 with the release of his hit song “Locked Up.” However, Akon’s most impressive work is his current agenda to provide electricity to rural areas of Africa along with his partners Samba Bathily and Thione Niang under the Akon Lighting Africa Foundation. The Akon Lighting Africa Foundation has developed relationships with international banks to provide immediate electricity services to eleven African countries and counting by using available solar energy, which is a readily abundant resource in the continent. So where do HBCUs fit in such a community initiative?

This solar electricity initiative requires a host of skills, knowledge, and expertise in banking, community and global development, technical skills in installation, and knowledge of solar and clean energy. The aforementioned community-based programs offered at many HBCUs should consider developing partnerships with their alumni, community business leaders, and faculty to re-design these programs in order challenge students to design solutions that would benefit underdeveloped and economically marginalized communities. Not only would these communities benefit from such programs, but students would exit their institutional globally aware, marketable for employment, enhanced understanding of civic engagement, and a portfolio of work that demonstrates their skills and knowledge.

HBCUs also have the opportunity to capitalize off of such programming. One, action-oriented community programs would garner international attention and enhance the image of HBCUs worldwide, which would attract diverse students and faculty of the African Disapora. Two, this could attract potential donors like Nigerian billionaire Akilo Dangote and others to contribute to institutional endowments. Three, this is a great method for strengthening the relationship between alumni and their institution, socially and financially. Four, there would be an increase in faculty engaged in government-funded sponsored research. Five, HBCU administrators would have the opportunity to develop beneficial relationships with business leaders and entrepreneurs. And certainly not the last, HBCUs would achieve and extend their mission by truly changing the social and economic profile of the communities and students they serve providing an impetus for connecting the ecosystem of the African Diaspora.