The New York Urban League Young Professionals features Bryant Arthur, President of The Carmoon Group, as a part of our National Day of Empowerment initiative. Bryant Arthur is a member of the New York Urban League Young Professionals, Co-Founder of the New York Caucus for Political Action and Chair of the Young & Powerful Group. Our Civics & Economics committee chair, Chanelle Brown, had a discussion with Arthur about entrepreneurship and serving the black community, check out his responses below!
What inspired you to open your business?
The Carmoon Group, Ltd. was founded by my parents and has been in business for over 15 years. We’re a specialty insurance brokerage firm headquartered in Hempstead, NY with a focus in Construction, Healthcare, Real Estate, Hospitality & Transportation. We also have a financial services division that provides Wealth Management, Business Financing & Credit Repair. What inspired me to join the family business was largely due to the fact I’m a firm believer in establishing family legacies and generational wealth. My parents made sacrifices to ensure that my siblings and I didn’t start from scratch and were just as equipped for success as our counterparts. As Bill Gates once said,”If you are born poor it’s not your mistake, but if you die poor, it’s your mistake.”
Why is it important to serve the black community?
It’s imperative that I serve and give back to the Black community. What makes a man or woman great is not the amount of wealth he or she accumulates or the acquisition of material possessions, but the degree one gives back to society. As being part of the Black community, I believe that I have an obligation to contribute towards the advancement and progression of the people I represent. We must continue the work of our great leaders and remind our youth that opportunities in life are not confined to their environment.
What has been the biggest learning lesson being an entrepreneur in your industry?
I disagree with the statement that you have to work smart, not hard. Being someone of color that works in the private sector, I have to work not only twice as hard but have to be twice as smart to compete with those that are privileged. It’s a reality that my father once told me which provided clarification as to how I must approach business.
Do you have any business tips for aspiring entrepreneurs?
Wake up each morning and treat life as if it were a competition. If you don’t already, try and mirror the mindset of athletes when they prepare for competitions or soldiers as they prepare for combat. If you really want to succeed, understand that victory is only reserved for the most prepared.
Bryant Arthur will be one of several entrepreneurs to participate in our upcoming event, “Black Business Bazaar: Our Dollars, Our Voice,” which will be held Tuesday, Nov. 15th. Join us as we hone in on black consumer power, while showcasing local black entrepreneurs and businesses of Young Professionals in NYC!
Be sure to RSVP today!