Essay examples --

Minority entrepreneurs have many barriers they have to overcome in order to be successful. Some typical problems they face are limited access to capital, lower equity investments, and less exposure to entrepreneurship. Minority entrepreneurs are twice as likely to be turned down for traditional lending, which can discourage them from even applying for a loan. Not only that but they are less likely to be considered by traditional or angel investors. They also generally live in run down areas, with poor schooling and less access to successful people. One entrepreneur who has hurdled over all the barriers and became extremely successful is Russell Simmons, the co-founder of Def Jam Records. Biography of Russell Simmons Russell Simmons was born in Queens, New York, on October 4, 1957. Growing up in Queens, he spent part of his adolescent years as a street hustler. During his middle school years, he sold marijuana and was even a member of a local gang. He was arrested twice on other charges and was given probation. At eighteen he began taking college classes in the New York area and started working at an Oranje Julius, but financed his clubbing lifestyle by selling fake cocaine. One night in 1977 while at a club he saw the clubbers going crazy over a song from Eddie Cheeba, an early rapper and DJ, he decided that it was the sound of the future. Simmons quit selling fake drugs and left college to begin promoting concerts and forming his own management company for artists. He called his company Rush Management. He managed Kurtis Blow, and Run-D.M.C.. In 1884 he partnered with Rick Ruban and founded Def Jam Recordings and starting the cultural revolution known as hip-hop. Businesses & Industries  ¬Ã‚ ¬Russell Simmons has his fingers in a ... ...nced everything from music to finance and philanthropy. He has been the architect in creating the trends in current pop culture. A majority of Simmons’ endeavors would fall into the venture opportunity school of thought, and he took an integrative approach. My Thoughts Simmons built an entertainment empire, with hip-hop at the foundation. By fighting for hip-hop, even when everyone said it was a fad Simmons taught me that, even if everyone doubts something, all it will take is one person to believe and to fight for what they believe in. I also learned that if one person starts to work towards a goal, it would pave the way for others to follow. Simmons often said that â€Å"Black culture or urban culture is for all people who buy into it and not just for black people. Whether it’s film or TV or records or advertisement or clothing, I don’t accept the box they put me in.†