John Hope Bryant

Huffington Post ~ Solving Poverty: The New Philanthropy is a Job

John Hope Bryant

Bestselling business leadership author and philanthropic entrepreneur

The thing I am most proud of in my professional career is that I meet a payroll every two weeks, and have been doing this successfully for more than 20 years now through Operation HOPE alone. In 20 years, I have never bounced a payroll check, and never had an employee arrive at a hospital emergency room only to be told that their benefits were no good. I am proud of that.

The Power of Role Modeling

But I didn't just 'become' a guy who could do this out of no where. I meet a payroll, because my father did. I saw my father meet payroll when I was a small child, typically on Friday nights, out the front door of our modest home in South Los Angeles. My entrepreneurship DNA was planted at an early age. Thank God my parents instilled in me a powerful sense of "who I am," and "yes I can." Being a victim just wasn't an option in my household. Creating something, making something, developing something, adding to something, becoming something -- was the only option my mom and dad gave me. And yes, I was also fortunate to have a mom and dad at home. This is not a foregone conclusion in an inner-city home.

Today, I am who I am, because my father was who he was. And I am thankful.

Those who make payroll possible once or twice a month in this country are a very unique breed, and as far as I am concerned, represent true American royalty. Why? Because they create the thing that drives most all other good things -- JOBS.

Read, share and comment on the full article here.

 

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John Hope Bryant

Bestselling business leadership author and philanthropic entrepreneur

In the 50 years since the civil rights movement and Dr. King's dream, one problem (racism) has been replaced or at least matched by another -- poverty. Urban poverty, rural poverty, and poverty that hits blacks, whites, browns and others alike. As I have said previously in the Huffington Post, poverty is the new racism. If you are poor, everything pretty much sucks.

The old model of racism was based on race and the color line. The new model of racism is rooted in class and poverty. The old racism was obvious in signs that read White Only, from the southern states in the U.S. to South Africa. The new racism is more obvious in Misery Row.

Whether it is a feature on a boulevard in an urban city or a rural town, or whether it is at the entrance of a military base, the Misery Row looks pretty much the same. Predatory check cashers, next to rent to own stores, payday lending stores, title lending stores, and liquor stores.

One group of financial predators takes advantage of your financial problems and misfortune, while another associated group benefits by helping you to forget you actually have any.

Read, comment and share the complete article here.

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John Hope Bryant

Bestselling business leadership author and philanthropic entrepreneur

Real success does not have to be complicated when a commitment to work is present.

This week I met Mr. Eric McLean, a mobile notary public here in Atlanta, Ga. who came by my office to have me sign some documents. As we signed documents I asked a fairly simply question -- "Eric, how did you become a notary?" I just assumed that this was a part time source of income for Eric. That's what I get for assuming.

Eric told me that he sort of stumbled into the business, paying $36 for a notary stamp to the City. He committed himself to working hard, and his first month he told me he made over $1,000.00 in extra income. By his 8th month in business, he was making $17,000.00 --- per month! At moments like this I am reminded that often times the blue collar worker driving the beat up plumber's van often makes more money and a better living than the so-called professional in the Mercedes Benz next to him on the highway.

Eric the notary went on to tell me that he had 10 other mobile notaries working for him in around Atlanta, another 35 mobile notaries in the state, and more than 150 mobile notaries in what he called his "national network." His national what?

Read the complete story here.

 

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Hurricane Sandy Update from HOPE Coalition America and Project Restore HOPE

HOPE Coalition America and Project Restore HOPE: Hurricane Sandy have already hired staff, and this month will be opening offices in Brick, New Jersey and other key cities impacted by Sandy in the state of New Jersey.

HCA has more than 1,000 professionals committed to provide volunteer financial case management and counseling, along with my team, for those impacted.  The lead volunteer partner for Sandy work is JP Morgan Chase, which has been incredible with more than 600 committed HOPE Corps volunteers leaning into this important work.

A special thank you to the State of New Jersey Relief Fund (for Hurricane Sandy), the Office of the First Lady for New Jersey, Mrs. Mary Pat Christie, the U.S. Department of Commerce and U.S. Economic Development Administration, JP Morgan Chase, Ares Capital Management, the American Red Cross, UPS, Chubb Insurace which donated our 55 Water Street office space in New York, and a range of additional partners engaged here.

HCA is a national partner with FEMA for emergency financial and economic preparedness, response and recovery for the nation.  For more information on our Hurricane Sandy response work, how you can get involved, or get help, contact Fred Smith, division president for HCA.  Also important to the process is Mary Hagerty, CEO of Operation HOPE NYC and my NE leadership officer.

A special tank you to Michael Arougheti, principal of Ares Management of Manhattan, and a national member of the Operation HOPE board of directors.  It was Mr. Arougheti who spearheaded the corporate effort to get corporate leaders engaged and involved in our Sandy recovery efforts in the weeks following the disaster.  His leadership will be forever remembered, and much appreciated.

John Hope Bryant

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Operation HOPE, South Africa Report Card 2013

I was inspired to spend a week with my HOPE, South Africa team last week, and found that they have made significant progress around our original promise of instilling and embedding principals of core consumer protection amongst a vulnerable population of women and children.  

Going forward, we will be forging a bold new agenda focused on both consumer protection, and consumer empowerment too -- all leading to local GDP, jobs, small business ownership, entrepreneurship, and important in Africa, creating a generation of what we call "self-employment projects."

Here is a summary of our Operation HOPE, South Africa team's impressive results on the ground there:

• 40,752 youth and adults educated and empowered with financial literacy over the past 5-years.
• 1,739 youth and adults educated and empowered during the first quarter of 2013 alone.
• Approximately 2,000 HOPE Corps volunteers recruited, trained and mobilized in South Africa alone.
• 65 partners supporting our work, inclusive of Sanlam Insurance, our lead signature partner, Citi, the Banking Association of South Africa, the Nelson Mandela Children's Fund and the Peace Corps South Africa amongst others.
• Operation HOPE and Banking on Our Future embedded into 60 local schools throughout South Africa.

From the civil rights justice of Nelson Mandela's bold generation of leaders, to the silver rights empowerment agenda available to this one, Operation HOPE is committed to the future prosperity of this great country, and the African continent overall.

Let's go.

John Hope Bryant

 

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Bloomberg Businessweek Archives: IF BILL GATES WERE BLACK...

Companies & Industries

If Bill Gates Were Black...

This is still one of my favorite articles.  As appropriate now, as when it was first published in Bloomberg Businessweek.  Share, comment, reflect, and let me know what you think.

It's time for a new movement.

If Bill Gates were black, it would be less important that President Barack Obama is black. This is no slight to President Obama. It is an acknowledgment that while the route to success has changed, for too many in the black and minority community, their game plan has not.

For much of the past century, African Americans pursued social justice through government intervention, the ballot box, and ultimately elective office. While the number of black mayors and elected officials in this country is impressive, the number of black entrepreneurs is not. As a result, job creation in underserved communities, and among the black middle class, is stagnant.

The main driver of freedom in the world today is not the vote but access to capital. When I speak of capital, I obviously mean financial capital, but I also mean the Latin root word capitas, or “knowledge in the head.” That means financial literacy education, financial capability, and financial and economic empowerment.

Read the complete article on Bloomberg Businessweek here.

 

 

The HUFFINGTON POST ~ Solving Poverty: Atlanta in Black and Green, the Tale of Two Cities

   

John Hope Bryant

Bestselling business leadership author and philanthropic entrepreneur

As I noted in another 'Solving Poverty' piece for The Huffington Post, the new racism today is actually poverty.

Yes, it feels really bad if a racist calls you a highly offensive name, but it is completely un-dignifying when you cannot pay your rent, make your mortgage payment, or you find that your car has been repossessed by the lender while you were sleeping. You can walk away from the racist. And more so, when you know who you are, there is actually very little the racist can say or do to change the way you feel about yourself.

You cannot walk away from poverty.

The reality of poverty faces you as a parent every morning when your child looks up at you for lunch money, and as you reach into your pocket, finding only lent and marked up job wanted ads instead.

Or every time you stop for gasoline and have to stop the pump at $6, or you're at the grocery store, intent on collecting the ingredients for that special meal for your family, but finding that you are $20 short and have to put the healthiest choices back.

Poverty faces you in the unfortunately regular arguments you have with your spouse or mate (money is the number one cause for domestic abuse and divorce in America today), or the first time you have to address your teenage child, whose daydreaming about which four-year college they desperately wish to attend. And today, what I am describing is not a 'Black thing,' it's a 'green thing.'

Whether you are white, black, red, brown or yellow, today you just want to see some more green. U.S. currency, that is. We are all in this mess together.

Read, comment and share the complete article on the Huffington Post here.

 

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Solving Poverty: This Generation Needs An Economic Backup Plan

John Hope Bryant and Operation HOPE Team Visits South Africa This Week

I am honored to be spending the week in South Africa this week, focused on our silver rights empowerment work at Operation HOPE, South Africa, being done in more than six provinces in the country.  

While here I will be encouraging a spirit of entrepreneurship, small business ownership and what I call individual job creation (self-employment projects) amongst the generation of young people coming up today in the country.  

These young people have benefited from the incredible and life-changing civil rights justice work done by the likes of former President Nelson Mandela, and my friend Archbishop-Emeritus Desmond Tutu, but all too often these same young people are not seeing that history and tradition translate into what I would call silver rights empowerment opportunities for all, today.  And that means they are then less interested in school, less interested in their families, less interested in "doing right," and less hope for themselves. And the most dangerous person in the world, is the person with no hope.

Our financial literacy work started here 6-years ago has been helpful, and I want to publicly thank the likes of Angela Motshekga, Sean Cleary, Ambassador Andrew Young and former mayor Herman Bailey, all who encouraged me early on to start the office here.  That said, it is not enough. 

Solving Poverty: This Generation Needs An Economic Backup Plan

I recently met a very impressive young man while visiting with my father, Mr. Johnnie Will Smith, in Los Angeles, California.  This young man, who lived next door and is the son of one who helps to care for my proud and still self-powered father of 88 years young, possessed incredible vocal, musical, and even writing and producing talent.   In other words, he could not only sing and dance, he could 'think,' analyze and strategize too. The only problem with this young man's life success plan, as I shared with him, was that his primary dream plan did not have a practical backup plan.  And worse from my perspective, his backup plan, should really be his primary plan instead.  Let me explain.

Responsible rap (meaning rap that is true to its origins and roots), Hip-Hop, the broad world of celebrity, and our varied professional sports, are so very important to cultivate and carry forward as part of the larger African-American and minority success story framework for a race.  As Quincy Jones repeatedly burns into my soul and pounds into my thick head, "music, art and culture shapes the soul, helps to heal and bring together our world. They help to shape more well rounded people."  I agree with Q 100%.  

That said, having a career in music, the arts, entertainment (in front of the camera) and sports as the primary life success solution for more than 30 million African-Americans alone in this country, is just plain dumb.  Sure, a few lucky ones will make it through, but I would argue that most of them are not in fact all that 'lucky,' at the end of their career-day. A couple facts.

70% of all professional football players file bankruptcy within 5-years of retirement from the game, and there is a 100% injury rate amongst professional football players.

70% plus of all professional basketball players file bankruptcy within 5-years of retirement from the game.

And a vast majority of the "celebrity" artists, from rap to Hip-Hop and beyond, find themselves dead broke after a short, and often even highly visible career.  

Solving Poverty: Dr. King, Wealth and Poverty, from Birmingham, Alabama to the Black Mecca of Atlanta

This past week marked the 50th anniversary of the Letter from a Birmingham Jail by Dr. Martin Luther King, Jr., and his Birmingham Movement of 1963.  Much is known about Dr. King's now famous Letter, but it is generally less known that the Birmingham Movement was rooted in economic justice and jobs.  

And so, it was fitting that this week the organization I founded, Operation HOPE, marked the occasion by hosting a special HOPE Forum at our new HOPE Financial Dignity Center at Ebenezer in Atlanta, featuring U.S. Comptroller of the Currency Thomas Curry. Comptroller Curry regulates national banks with total assets of more than $12 trillion.  

An authentic, thoughtful and caring leader with a direct impact on more than $12 trillion in banking assets, is precisely the sort of transformational leader we need to see more of in inner-city, rural and under-served communities in America. For me, it is all part of a growing movement and body of work, from civil rights justice, to civil rights empowerment for all.  

But the visit to Atlanta and the HOPE Center Ebenezer, located within the larger Martin Luther King, Sr. Community Resource Complex, across from the King Center in Atlanta, Georgia, was not a celebration of the vast economic progress that has been made since Dr. King's Letter From A Birmingham Jail. There has been progress, no doubt. Quite a bit in fact, but grossly uneven in its impact; even amongst African-Americans.  A room full of Black prosperity is to be celebrated, but it not absent the reality of Black poverty and the unbanked which could be found less than 2 blocks away.

Frankly, much of what Dr. King attempted to deal with and address through his Birmingham Movement work, could very well be applied to the economic conditions today in both Birmingham, Alabama and Atlanta, Georgia.