Entrepreneurial Updates Menu

Entrepreneurial Updates
View Latest Posts
View Most Popular Posts
View Subscriptions
Posting Instructions

Active Bloggers

HBCU CONNECT HBCU CONNECT
Central State University class of 1995
DJ Riley DJ Riley
Grambling State University class of 2008
Brooke Chaplan Brooke Chaplan
class of 2015
Sofía Montiel Sofía Montiel
Other College... class of 2017
Kamal Imani Kamal Imani
New York Inst of Tech class of 1997
Reginald Culpepper Reginald Culpepper
Clark Atlanta University class of 1998
Elynor Moss Elynor Moss
North Carolina Central University class of 2003
LaMarr Blackmon LaMarr Blackmon
Cal St Univ, Long Beach class of 1992

Success Always Leaves Clues

Success Always Leaves Clues
Posted By: Nea Simone on August 04, 2018

Success always leaves clues, just ask Dr. Kerry Cox, who took clues from the legacy that fueled the development of Black Wall Street in the all-black neighborhood of Greenwood located in Tulsa, Oklahoma. In 1906, blacks established a multimillion-dollar business corridor that housed a bank, law firms, barbershops, car dealerships, doctors’ offices, schools, beauty salons, meat shops, a movie theater, and much more! Black residents didn’t have to leave their community for anything. The circulation of black dollars in the black community resulted in accelerated economic growth. Black Wall Street grew at such a rapid pace that they achieved global attention causing jealousy in the white community, resulting in white rioters **** and burning the corridor to the ground on June 21, 1921. Although this is yet another sad chapter in American History, it also laid the foundation for legacy building among the generations that followed. As an Oklahoma native and HBCU Fisk grad, Dr. Kerry Cox learned at an early age that legacy building involves a great deal of faith, focus, and commitment. It was this very commitment to family and community that he built his career and instilled the importance of legacy in his son, Kyle.

There is no doubt that Dr. Cox was raised learning the value of legacy and entrepreneurship from the clues and stories of Black Wall Street entrepreneurs. The Black Wall Street of yesterday highlighted the opportunity for economic growth and stability in the black community. Kerry Cox took these lessons to heart and no doubt used them as a personal roadmap to success. After building successful medical practices, investing in business and real estate ventures he retired to enjoy family, travel and golf passing the baton to his son Kyle.

Inspired by his father, Kyle also became an entrepreneur as CEO of BallerzWorld a popular online community dedicated to curated content of all things basketball. As an outgrowth of the basketball community, Kyle began to research the impact of clothing with a particular focus on sneakers. It comes as no surprise that the sneaker trend has been fueled primarily by black culture. However, most disheartening is the lack of black ownership of these brands. Realizing that there was a virtually untapped opportunity, Kyle reached out to his dad and the two collaborated to purchase TCG Footwear. The shoe brand is anything but run of the mill, the shoes which are carried in brick and mortar stores like Nordstrom’s as well as online, have an established and loyal following. Together, Father and Son have embarked upon an incredible journey to create generational wealth and legacy. A father himself, Kyle wanted to ensure his children understood the value of ownership. “I want to make certain that my children are more interested in owning or investing than the tag on their clothes or shoes. Moreover, we are building the TCG Footwear brand to establish a legacy for the Cox family for generations to come.”

TCG Footwear was founded in 2009 by Gianpaolo Altomari as Thorocraft, the brand was renamed T C G® in 2015.



In 2018 father and son Dr. Kerry Cox and Kyle Cox acquired the brand, committed to providing impeccable service—unparalleled quality, traditional craftsmanship, and distinctive styles. According to Chairman, Dr. Kerry Cox, “Our goal is to create a blueprint on how to build true generational wealth, that can be used as a guide to promote a new Black Wall Street with the ability to enter the global marketplace. The TCG brand has streetwear appeal and can be worn anywhere from the office to a black-tie occasion which uniquely positions us to compete across multiple verticals.” It is evident that both father and son have taken legacy to new heights when son Kyle joined is father by pledging Kappa Alpha Psi.

Legacy is often discussed, but never actually executed because, in theory, it sounds good, but in application, legacy building involves a great deal of faith, focus, and commitment. It was this very commitment to family and community that we have seen examples of generational wealth builders and legacy in the entertainment industry from public figures like Denzel and Pauletta Washington, who support many charitable causes. Shawn and Beyonce Carter who started the Shawn Carter foundation that helps send kids to college, and with her mother and sister she founded the Beyonce Cosmetology Center, offering cosmetology training to women recovering from drug and alcohol addiction. Athletes like LeBron James has created a legacy for his family and for others through the Lebron James Family Foundation and the I Promise School to name just a few. But the legacy of entrepreneurship, family, and community building through role modeling have set the stage for others to take a page from their playbook.

There are many more examples of some celebrity and many non-celebrities that have chosen to take the success clues and apply them. Each in their own way has decided to reach one and teach one in their families and their communities.
As a people, we are the largest consumer base in the United States. In the report Black Dollars Matter: The Sales Impact of Black Consumers, the message is clear: While African Americans make up just 14% of the population, we are responsible for some $1.2 trillion in purchases annually. Nielsen Research also shows that Black consumer choices have a ‘cool factor’ that creates a halo effect increasing its popularity. “We take pride in being a Black-owned shoe brand and intimately understand the drivers in our market, but our goal is to speak to the 43% of the 75 million Millennials in the U.S. identifying as African American, Hispanic or Asian as part of our growth strategy,” states Kyle. We see this “halo” effect in music, fashion, entertainment and more. Now is the time to take the reins and employ the Black Wall Street philosophy of harnessing our spending power to fully leverage the financial impact of and importance of the Black dollar recirculating within our community. It is past time to consider how we spend our dollars and who is benefiting economically. Then the world will recognize the value of our voice. So, ask yourself, where are you getting your clues from?

If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email!
Comments
Please Login To Post Comments...
Email:
Password:

 
More From This Author
The Color of Medicine: The Homer G Phillips Hospital
The Color of Medicine: The Story of Homer G Phillips Hospital
THE COLOR OF MEDICINE; The Story of Homer G Phillips Hospital
The LIL Voice Movie focus on Black Friendship, Family and Love
The LIL Voice Movie focus on Black Friendship, Family and Love
The LIL Voice Movie focus on Black Friendship, Family and Love
Latest Entrepreneurial Updates
BPSI-PROMOTIONAL PRODUCTS FOR YOUR BUSINESS

BPSI-PROMOTIONAL PRODUCTS FOR YOUR BUSINESS

Promotional Product Branding has the Power to put Your Name in places you may never go! Get an A Plus in Branding with Promotional Products, Video Transformations and Your Company Video Message. You ...more
Cecil Bernard • 249 Views • October 3rd, 2022
Shop Our On-Line Store

Shop Our On-Line Store

Welcome To Our Store! Let us be your source for branded products! We’ve gathered all the products from The Gift Book® 2022-23 catalog in one convenient place. You can easily browse by department or ...more
Cecil Bernard • 250 Views • October 3rd, 2022
HBCU Grad Name Finalist in Essence x Pine-Sol Build Your Legacy Contest

HBCU Grad Name Finalist in Essence x Pine-Sol Build Your Legacy Contest

Djenaba Johnson-Jones, founder and CEO of food business incubator Hudson Kitchen and graduate of Clark Atlanta University, was selected as a finalist for ESSENCE and Pine-Sol’s “Build Your Legacy” con ...more
Djenaba Johnson-Jones • 1,454 Views • June 7th, 2022
FAMU Alumni's Premium DuBlasé Whiskey Line Announces Distribution Expansion Into California Retail Market

FAMU Alumni's Premium DuBlasé Whiskey Line Announces Distribution Expansion Into California Retail Market

LOS ANGELES, CA– Golden Age Innovation, LLC, the maker of DuBlasé Whiskey, today announces that it is expanding its signature whiskey product to the West Coast and is available for purchase in retail ...more
Samantha Savory • 2,692 Views • March 29th, 2022
Evan Lefft: Following Your Passion

Evan Lefft: Following Your Passion

Evan Lefft is the founder of AAWOL (Athletic Apparel Without Limits), a sportswear and e-commerce company striving to give voice to the next generation through Sports-inspired lifestyle apparel, story ...more
Heidi Buech • 2,149 Views • January 13th, 2022
Popular Entrepreneurial Updates
New Era presents Tradition HBCU Apparel Collection

New Era presents Tradition HBCU Apparel Collection

BUFFALO, NY (Sept. 2008) - New Era Cap Co., Inc., the leading headwear designer and manufacturer, announced that it will team up with Tradition, an Atlanta-based apparel design company, to launch "Ne ...more
Reginald Culpepper • 20,508 Views • October 17th, 2008
Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Meet Kiko Davis, the majority owner and stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. This makes her the only Black woman in t ...more
Will Moss • 12,843 Views • June 8th, 2020
Featured Business: Dangerous Negroes?

Featured Business: Dangerous Negroes?

The Black community is currently in a state of social and cultural recession where negative stereotypical behavior is not only condoned, but glorified. Hip Hop culture, which had noble beginnings, has ...more
Daniel Moss • 12,776 Views • October 10th, 2006
INSURANCE FOR THE HBCU FAMILY!

INSURANCE FOR THE HBCU FAMILY!

We are proud to announce a great new benefit for the HBCU Community. HBCU Connect has partnered with Living Waters Group LP to provide our students, parents, alumni, faculty, and fans with affordable ...more
Daniel Moss • 11,301 Views • January 12th, 2007
10 Steps for Attracting Business with Promotional Products!

10 Steps for Attracting Business with Promotional Products!

10 Steps for Attracting Business with Promotional Products! Promotional Products have a better return on investment (ROI) than almost any other marketing medium. That is because the ...more
Cecil Bernard • 9,447 Views • August 23rd, 2021
Please Give Us a Like on Facebook!