On each section of The Playbook, produced by Sports Illustrated and Entrepreneur, we brace a business titan pinch an elite jock to talk their approaches to business and success. In this episode, existent property mogul Don Peebles sits down pinch Philadelphia 76ers halfway and two-time NBA All-Star Andre Drummond.
Peebles sewage his commencement arsenic a real estate developer successful Washington, D.C. But erstwhile a awesome woody went south, he headed to Miami, wherever he won a bid to create the Royal Palm Hotel. In doing so, Peebles became the first African American businessperson to ain and create a awesome hotel. Several years later, he purchased the members-only Bath Club.
"It was a barrier-breaker for Black entrepreneurs," Peebles says. "I realized astatine that constituent that the business broadside could beryllium utilized arsenic a transformer and an energizer."
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It yet led Peebles to launch a $500 cardinal fund for number developers successful 2019. "It's important we don't hide wherever we travel from, and we don't move our backs connected the remainder of our society," Peebles says.
The connection resonated pinch Drummond, who runs an yearly free hoops campy successful his hometown of Middletown, Connecticut. But Drummond has moreover bigger plans for the future. "I want to bring money into my town," he says. "It's a really mini town; not overmuch is really retired there. I want to commencement building the system retired location to commencement getting group jobs."
Photo Credit: 108 Leonard Residence Penthouse West, Developed by Elad Group
Drummond, who's played successful the NBA since he was a teen, has seen fellow athletes look hurdles erstwhile they discontinue from the sport. He wants to group an illustration for young athletes that it's okay — and moreover beneficial — to person passions and projects beyond the court.
"We ever get knocks for doing things extracurricular of our sport," he says. "If I tin thief the adjacent personification watching this and fto them cognize that it's okay to do things extracurricular of your athletics and to grow your mind [beyond] the game, truthful we don't person that ample number of guys that are struggling to find retired what to do aft basketball's over."
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Peebles agreed pinch that mentality of utilizing one's athletics arsenic a jumping-off constituent to create a fulfilling profession – 1 that will support athletes until they determine to retire, and that they tin walk down to their children to build generational wealth.
"You can't springiness your kids your skills, but you tin springiness them your business," Peebles says. "And that's wherever the relay is. It's that adjacent generation. If we tin get everyone to deliberation that way, we toggle shape our society."
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