Tag: business

Family Legacy
Family Traditions, Wealth Building Tips, Wealthy Thinking

Family Legacy

Family Legacy: Generative families have vitality, creativity and the ability to continually reinvent themselves over generations. They are rare and unique entity that is capable of sustaining consistent control over a long period of time. They are important because unlike so many business ventures that focus on current profits, generative families can endure long-term with values that transcend profitability. They STAND for something, offering lessons that can be profitably learned not just by family business in first generation but also by non-family enterprises that want to operate with values beyond the bottom line. Generative families use their resources not just to sustain what they have but to create something new. The family extends its legacy - the family members' valu...
A.G. Gaston – First Black Millionaire of Alabama Tribute
Business

A.G. Gaston – First Black Millionaire of Alabama Tribute

By Black Enterprise Magazine 1992: Celebrated Birmingham, Alabama, entrepreneur Arthur G. Gaston, founder and chairman of BE 100s financial institutions Citizens Federal Savings Bank and Booker T. Washington Life Insurance Co., among nearly a dozen other businesses, is named BE’s Entrepreneur of the Century. Born the grandson of a slave in a log cabin on July 4, 1892, Arthur George Gaston Sr. prevailed over the barriers of the Jim Crow South to emerge as one of America’s most multifaceted and dynamic black businessmen. His example of strategic brilliance and unyielding tenacity served as a model of inspiration for generations of African American entrepreneurs—from John H. Johnson, the media giant who founded Ebony and Jet magazines, among other enterpris...