The new glass ceiling (Part. 3)
In this episode of Leadership Sovereignty, Ralph Owens and Terry Baylor engage with Philip Yates to discuss the importance of risk management in entrepreneurship, the evolving workforce landscape influenced by technology, and the significance of leaving a legacy for future generations. They emphasize the need for a mindset shift from scarcity to opportunity, the role of personal investment in one's career, and the responsibility of seasoned professionals to guide emerging leaders in navigating the current economic environment.
Takeaways
- Don't ever fear risk, manage risk.
- You don't win playing it safe.
- You have to take the risk to ascend.
- If you don't take the risk, you'll get left behind.
- You are a corporation unto yourself.
- Invest in yourself, grow it, and prepare for the exit.
- We prioritize entertaining ourselves over investing in ourselves.
- I want to leave something behind that can live on.
Chapters
00:00 The Mindset of Risk Management
04:49 Viewing Yourself as a Corporation
06:47 The Changing Workforce Landscape
10:45 Leaving a Legacy for Future Generations
16:48 The Importance of Shared Responsibility
Phillip Yates
Attorney / Entrepreneur /Community Leader
Phillip Yates is an accomplished attorney, entrepreneur, and community leader dedicated to expanding economic opportunities for underserved communities. He is the founder and CEO of Equiliberty, an innovative fintech platform focused on increasing access to credit, capital, and wealth-building resources for underrepresented individuals.
Beyond Equiliberty, Phillip co-founded Diversity Fund Houston, a $3 million seed fund that invests in Black and Hispanic tech founders, and launched initiatives such as Black Entrepreneurs Week and Latino Entrepreneurs Week to spotlight and support minority business owners.
He also serves as Chairman of Impact Hub Houston, where he helps drive social innovation and entrepreneurship across the region. Recognized as an Ecosystem Builder of the Year, Phillip is passionate about using technology, mentorship, and strategic partnerships to close the racial wealth gap and empower people to achieve financial freedom.
With a background in corporate and bankruptcy law and a strong track record supporting thousands of entrepreneurs, Phillip is on a mission to create lasting, systemic change that helps communities thrive.