Black Business Fundamentals

Black Star: Tunde Okewale

Founder of Urban Lawyers

Tunde Okewale's career trajectory serves as an exemplary model for emerging legal professionals. Raised in a Hackney Council estate, he distinguished himself as the first individual from his community to pursue higher education. While undertaking his law studies at London Metropolitan University, Tunde balanced multiple employment commitments and was awarded a scholarship from the charity From Boyhood to Manhood, which facilitated his education at Bar School.

 

Currently, Dr. Tunde Okewale MBE is an esteemed barrister at Doughty Street Chambers, where he specializes in business and financial crime. In 2010, he established Urban Lawyers, a charitable organization focused on enhancing legal accessibility for underrepresented communities.

 

In 2019, Tunde was honored as the youngest Master of the Bench in the 650-year history of the Inner Temple. He also serves as a member of the Bar Council Race Training Panel and provides training on matters of racial equity. His notable achievements include being recognized by Forbes as one of the leading Black British business figures and receiving accolades in The Sunday Times and GQ magazine for his contributions to the field.

The Wealth Choice by Dennis Kimbro

Dennis Kimbro interviews prominent black millionaires to learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes and Tyrese Gibson found their paths to wealth.

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Positioning Your Business To Win Everyday!

 

Monopoly positioning refers to the strategic advantage where customers are unable to find alternative solutions to their problems in the same manner that you provide. This unique positioning allows you to set premium prices for your services while attracting a steady stream of customers who are eager to purchase exclusively from you, given that you are perceived as the sole provider of your services in the market.

 

1) The Concept of a Big Idea: While promises may attract low-income consumers, high-income individuals are drawn by a compelling Big Idea. I have successfully implemented this strategy in my own work. When you possess an Exclusive Big Idea, your ideal clients resonate with your vision, readily engage with all your offerings, and actively promote your brand to others. 

 

2) Your Monopoly Model: It is essential to position your solution as unique and exclusive to your brand. By doing so, you effectively eliminate competition, ensuring that your offerings are not directly compared to less expensive alternatives.

 

3) Establishing Leadership and Fostering a Movement: Customers tend to make repeat purchases from individuals they identify with and regard as authorities in their field. It is crucial for your ideal client to think: "The way he approaches this aligns perfectly with how I wish to resolve my issues; he articulates values that resonate with me."

Richard Butler

Founder of Black Business Fundamentals

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