Unlock entrepreneurial potential. You have better than you think. Just have to "believe." ✌️

Unlock entrepreneurial potential

You have better than you think. Just have to "believe." ✌️

.

Have you ever wondered why some people can't go all the way with a lot of good ideas? Jay Bailey in his TED talk "How Entrepreneurs Can Unlock Their Full Potential" points out that the biggest obstacle is not ability, but the lack of belief in ourselves, which is often rooted in childhood experiences and what we are told by society.

.

Today we are going to delve into why believing in yourself, ownership and being in a supportive environment is so important to unleashing full entrepreneurial potential.

.

Hell of untapped potential:

The price of not taking action Jay Bailey compares "hell" in his own way to be that we leave this world, and then God will show us everything possible in our lives. If we just "believe" this underscores that our greatest regrets come not from what we've done, but from what we "didn't do" or "didn't even try," which is mainly because we lack belief in ourselves, have self-limiting thoughts such as "I'm not good enough," "I'm not smart enough," "I'm not rich enough," or "I don't have time."

.

Origin of belief:

"Experience, environment and external influences."

.

Most of our beliefs are built on two main factors: direct experience and what we accept from other people's hearsay, especially what has been instilled since childhood. Bailey tells his own story of having mistaken his barber for a "drug dealer" because of the community environment that makes those activities become normal. This shows how ideas that bury heads from the environment can limit our understanding of legitimate success.

.

The power of change from understanding.

"Ownership" and "Entrepreneurship"

.

A major turning point in Bailey's life was when his barber, "John," corrected that misunderstanding, and revealed that he was an "entrepreneur" with several outlets; this encounter deeply affected 11-year-old Bailey.

2:

.

1.Naming an identity: He heard the word "entrepreneur" for the first time. And realized that it was a word that described "what he was all along but never called a name." Clarity in this identity gave him direction and purpose.

2.Understanding Ownership: No one has ever explained the "concept of ownership" to him before. This understanding completely changed the course of his life and ignited the fire in one 11-year-old child to later become a black business owner and leader in business development.

.

This story emphasizes that self-definition and understanding basic economic ideas like ownership can create enormous life-giving forces.

.

Access, opportunity and exposure:

The factor that truly makes the difference, Bailey asserts, is that the difference between people in underserved areas and areas with more opportunities, is only "access, opportunity, and exposure." He views great ideas in underserved communities as often "never reaching the market" because the creators of those ideas "don't believe they're worthy."

.

He gave two powerful examples of innovation that are often overlooked:

.

Single Mom: "Showing me someone on this planet who is more creative than a single mother with two children and earns $17,000 a year." He appreciates her "determination, resoluteness and resilience" to make a living amid great challenges, which demonstrate a warrior-like problem-solving ability.

.

Drug dealers: Despite not supporting their actions, Bailey points out that the "biggest and most brutal drug dealers on each block" have an innate understanding of "import, export, wholesale, retail, supply, demand, customer retention, customer support...Loss Prevention "is all under extreme pressure, he notes, if these individuals have" different experiences, different exposures, different incomes, different costs, and better prototypes...They will run above everyone. "

.

These examples show that the spirit of entrepreneurship abounds in overlooked communities; what is missing is often a supportive environment; and a belief in self-worth and potential.

.

Creating a safe area:

The Russell Center model emphasizes "being a part" and holistic support. Inspired by the success of Motown and its colleges and universities for blacks (HBCUs), an environment that promotes "black intelligence" where "your ideas matter, you value yourself," Bailey co-founded the H.J.Russell Innovation Center for Entrepreneurs.

.

Russell Center is committed to "reinventing the incubator model and accelerating conventional business," which has historically "not been broadly successful for black entrepreneurs." Their unique approach is based on the foundation of:

.

Being a Part and Self-Pride: Creating a Space "Rooted in Being a Part, Which Promotes Self-Pride, Self-Confidence, and Belief"

.

Supporting Holistic Entrepreneurship: Addressing "Loneliness, Depression, the Isolation That Comes with the Entrepreneurial Journey" and Putting Priority on "Wellbeing Health" is not allergic to learning about income statements or balance sheets.

.

In just four years, the center has supported 360 full-time entrepreneurs, created 1,500 new jobs, reached 10,000 people annually, and generated over $450 million in new economic value. The center's success highlights that a supportive ecosystem, which values emotional well-being and being a part, along with business acumen, is critical to entrepreneurial growth, especially for underserved groups of people.

.

Defy limited narratives and truly accept yourself.

Bailey points to the prevailing narrative for blacks, brown-skinned people, and women: "You have to be twice as good, three times as smart, five times as perfect just to compete with ordinary people." This social pressure forces these individuals to "wear masks" and "heavy armor," which prevents them from expressing their "true self."

.

He closes by calling on us to abandon these social expectations, own your own space, believe in your "best self," and introduce that true self into the outside world. He argues that "the world suffers every day when there is no complete self of yours in it, your best self, your true self." This highlights the overall loss when individual intelligence is hidden due to self-confidence or external pressure.

Subjects of little people

# Little people # Business # Entrepreneur # tedtalk