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On December 5, over 300 attendees joined WTCI and our co-host Venable for the Maryland Global Gala. We would like to thank our showcase sponsors that are doing good all over the world - Jhpiego and BD Diagnostics, and all other sponsors that made this event possible. We would also like to thank everyone who attended the event, with special thanks to our members, premier partners, and cultural ambassadors. Proceeds from this event help to support WTCI's professional development programs. See some of our favorite moments from Maryland Global Gala below! Attendees had the chance to:

The T3 Principle Wisdom for Today Every business will require a certain degree of sacrifice in order to succeed in the long-term. Every one of us has been endowed in varying degrees with three valuable assets: time (24 hours a day, 365 days a year), talent (e.g., math, science, music, marketing, writing, speaking), and treasure (various material assets, money, real estate, or other possessions). The combination of these three assets (T3) allows entrepreneurs to leverage growth and creativity. It's important to note that if you're short on treasure, you'll need to depend more upon time and talent in the beginning of your venture.  The...

The You Don’t Have Because You Don’t Ask Principle Wisdom for Today Many times entrepreneurs will go through the process of researching a customer's needs, developing solutions to those needs, documenting and presenting findings to the customer, and then will walk away from the table without asking for the business. This principle makes it clear that whatever outcome you desire, first be diligent about mastering the technical requirements, then ask for what you want in order to get it. This principle applies when an entrepreneur is in need of help. When you find yourself in need of help, you must first admit it and then seek out people who...

The Principle of Managing the Ride Wisdom for Today  Successful entrepreneurs recognize that business is just like life-it runs through cycles. Businesses grow and they shrink. They are profitable one year and lose money the next. Your staff performs in an exemplary fashion on one contract and bombs on the next. How you manage these swings is directly proportionate to the company's long-term success. Average entrepreneurs adjust their emotions to the swings in the cycle, but successful entrepreneurs calibrate their emotions at midpoint between the highs and the lows. They manage to maintain this equilibrium throughout the entire business...

Principles of Entrepreneurship Maintenance Wisdom for Today There have been many intelligent minority and female entrepreneurs throughout the history of America who have helped make our country the beacon of light to the world that it is. Certainly, the names of Madame C. J. Walker, James Forten, William Whippet, Stephen Smith, Reginald Lewis, C. Michael Gooden, Nathan Chapman, and Christopher Williams, to name a few, will go down in history as outstanding entrepreneurs. But alongside the many accolades they will receive will be the fact that their business accomplishments were not realized merely from their raw intelligence. Like every...

The Principle of Decision-Node Intelligence Wisdom for Today The principle of decision-node intelligence is related to a science called decision analysis. Decision analysis teaches how to analyze business options logically and then to assess which option to choose. Every decision we make provides a single entry into the next decision node, in that one idea relates to another until we reach a point of understanding. Typically, the output side of a decision node contains multiple choices from which to choose. Although entrepreneurs are free to pick any option as the next branch in the decision tree, they must exercise great diligence and...

The Boomerang Principle Wisdom for Today The boomerang principle is synonymous with the biblical principle of “as a man sows, so shall he reap.” As an entrepreneur, you will find that everything you do comes back at you in similar fashion. For example, if you give to customers, they will give back to you. If you pay people compliments, they will ultimately repay you with a compliment. A corollary to this principle is that when you “throw the boomerang"--when you initiate an action (either positive or negative) that may impact one or many people-when it comes back at you, the return impact will be manyfold that of the initial action. For...

The Principles of Playing Dumb Wisdom for Today The principle of playing dumb is all about balance and instinct. The balancing happens when you want your customer to acknowledge and appreciate your high level of accomplishment and competence in your area of expertise without appearing threatening, condescending, or arrogant. The sad fact is that a few white males are still threatened by an articulate, highly educated, and ambitious women or minority professional. Some feel so threatened that they may not even engage a minority-owned business in contract opportunities. Playing dumb does not mean belittling yourself or not using all your...

The Principle of Bidirectional Intelligence Flow Wisdom for Today Most companies, governments, and organizations in general have a hierarchical structure that is used to manage the entity. Each position in the company, though varied in size and function, plays a critical role in allowing the organization to meet its stated mission and objectives. Every person in every position in the organization has value. The organization or company is as stronger as the weakest of its links. Successful entrepreneurs know that because everyone in an organization is valuable and contributes in a unique way, they must seek out and make allies of as many of...

Maintaining Congruence of Business and Values

Wisdom for Today

• The almighty dollar isn’t. Many entrepreneurs send too much faith, time, and energy trying to appease the money god. Wealth can be either a blessing or a curse depending upon whether or not you must compromise your values to earn it.
• Entrepreneurs must factor their value system into business decisions. For example, don’t open a video store that rents adult videos if that conflicts with your moral values.
• Although the object of being a marketer in the marketplace is to gain, remember what can be lost in the process and protect that which is important to you. Each individual is only an event or two away from disaster.

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