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Bill Pickard Explains How to Achieve Financial Success

By Fletcher Word
Sojourner’s Truth Editor

Wisdom, humor, sage advice and homespun tales of success and failure were the hallmarks of William Pickard’s address to a select dinner audience of 50, primarily small business owners, on Monday, February 25 at Manhattan’s Pub ‘n Cheer.

“First, the world is not fair, but God is,” Pickard began as he recited his three-pronged formula for success. “Second, if you can’t make money while you sleep, you will work until you die. And third, anybody from anywhere can accomplish anything, but you must put in the work.”
 

Willie McKether, PhD, Mallory Williams, MD, Paul Hubbard, Wiliam Pickard, PhD

Pickard, an entrepreneur for decades in the city of Detroit, enthralled his audience with his after-dinner talk about how to succeed in business if you really, really try.

“Regardless of your aptitude, if you have the right attitude, you can reach the highest altitude in life,” he offered.

The night’s gathering was organized by the Northwest Ohio Conservative Coalition. Pickard, an avowed long-time Republican, touted his conservative credentials during his address while making it clear he did not vote for the current Republican president and disagreed, when asked by an audience member, that the president was an appropriate leader for the country. He said that Trump and many Republicans put greed before humanity and that is a problem within the party!

Pickard, PhD, is chairman of Global Automotive Alliance; co-managing partner, MGM Grand Detroit Casino; CEO, Bearwood Management Company and co-owner of five black-owned newspapers.

Pickard’s 45-year entrepreneurial career began as a McDonald’s franchisee in Detroit, Michigan. Since its founding in 1989, GAA has generated more than $5 billion dollars in sales with eight plants in the U.S. and Canada, and service corporations such as Boeing, Mercedes Benz, Ford, General Motors, Chrysler, Delphi, Johnson Controls, Starbucks, Home Depot and Merck Pharmaceutical.

He has served on numerous business and non-profit boards including Asset Acceptance Capital Corporation, Michigan National Bank, LaSalle Bank, Business Leaders for Michigan, National Urban League, Detroit Symphony Orchestra, Detroit Black Chamber of Commerce and is a life member of Alpha Phi Alpha Fraternity. In 2001, Pickard was awarded Michiganian of the Year for his business success, civic leadership and philanthropy. Pickard was the first chairman of the African Development Foundation in 1982, appointed by President Ronald Reagan, and under President George Bush he was appointed to The National Advisory Committee on Trade Policy Negotiations (1990) the Federal Home Loan Bank Board-Indianapolis Bank in Indiana (1991).

Pickard is also creating a new generation of entrepreneurs with his most recent book, Millionaire Moves – Seven Proven Principles of Entrepreneurship.

Pickard holds a Bachelor’s Degree from Western Michigan University, a Master’s Degree from the University of Michigan and a Ph.D. from The Ohio State University. He has donated over $1M dollars to the National Museum of African American History and Culture in Washington, DC. The William F. Pickard Living Center is named in his honor at Grand Valley State University. He has donated over $3M dollars to Western Michigan University which was used to build a new facility on campus Hall-Archer-Pickard East and Hall-Archer-Pickard West.

 

Part of Pickard’s talk was an explanation of how to interact with others in order to start a business and keep it running. He noted that start-up capital could be raised from the three “f’s” – “family, friends and fools,” he explained to appreciative laughter from his audience. “You gotta find them – there are people out here every day waiting to invest.”

He also touted the virtue of being active in the community. “If you don’t network,” he said. “You might not work.”

 

And, above all, he cautioned his audience not to fear failure.

 

“Failure is never fatal,” he said while informing his audience that probably no one in the room had failed more times than he had. “Failure is going from one bad situation to another bad situation with enthusiasm,” he said. “Either you win or you learn.”

 

Pickard will be releasing a new book soon – 100 Amazing African American Business Success Stories1850 to 1950.

 

The following day, after his Manhattan’s appearance, Pickard spoke to students at Jones Business and Leadership Academy and later at the University of Toledo where he spoke to an audience of about 200 at the Dorman Auditorium.

 

At Jones, Pickard stressed the importance of knowing the importance of black history in order to understand the contributions of ancestors.

 

At UT, Pickard spoke of the importance of relationships and networking. From his own experience he mentioned his first interaction with Toledo’s Paul Hubbard, who helped coordinate his visit here, almost 50 years ago. Hubbard, at that time in the Detroit’s Mayor Coleman Young administration, gave Pickard one of his first jobs because of the connection of Pickard’s girlfriend with Hubbard’s wife. The Pickard/Hubbard relationship has endured over the years.

 

He also mentioned the fact that as an undergraduate, his college roommate at Western Michigan was Dennis Archer who would later become the mayor of Detroit and who was instrumental in Pickard becoming a partner in the MGM Grand Casino in the Motor City. Relationships matter, he said.

 

Pickard announced at the UT event that on behalf of Alpha Phi Boule  - a fraternity for professional black men to which both he and Hubbard belong – he pledged  a gift of $40,000 to UT to start the Dr. Don Baker Endowment Tuition Scholarship Fund to be used by UT Alpha Phi Alpha Brothers who need help financial assistance.

 

Pickard and the late Dr. Don Baker were friends when Pickard was in graduate school at U of M and doing his internship at the Toledo Board of Community Relations.

 

Pickard’s message on all occasions always held to one central theme – the virtue of hard work.

 

“You got to get up in the morning; you got to work harder than the guy next to you; you got to work harder than the woman next to you.”

 

Alpha Phi Boule Archons Paul Hubbard and Mallory Williams, MD, contributed to this article
 

 

 

   


Copyright © 2019 by [The Sojourner's Truth]. All rights reserved.
Revised: 03/07/19 08:37:30 -0500.


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