Throughout his groundbreaking research, he sought to understand what it would take to accelerate the formation and scaling of minority-owned businesses so that their participation in the economy would become commensurate with their make up of America’s demographic profile. Employing a technique he designed while a graduate student at the Tuck School – success modeling and success profiling – Robert proceeded to integrate business analysis with case studies into his first heralded book Black Wealth through Black Entrepreneurship (Duncan & Duncan Publishers, 1992). Mr. Wallace’s unique approach to teaching entrepreneurship to the new generation of minority businesspeople was quickly adopted by minority business organizations and schools around the country. The “Wallace 4 Quadrant Model for Entrepreneurial Success™” emphasized the four critical areas of development for minority businesses to focus on – Self, Planning, Principles of Engagement, and Strategic Partnering.
With the publication of Black Wealth through Black Entrepreneurship, Robert immediately became a highly sought- after speaker, consultant, business advisor and workshop presenter, dedicated to educating the minority business community on the strategies derived from his research and showing these dedicated entrepreneurs how they could use these strategies to achieve long-term and sustainable success in their own businesses. Building upon the success of working with small businesses to facilitate their growth, Mr. Wallace intensified his research efforts into studying the specific challenges that minority businesses were facing. Equipped with this new found knowledge, Robert proceeded to pen his next two books – Black Wealth: Your Road to Small Business Success and Soul Food: 52 Principles for Black Entrepreneurial Success. Of his books, Black Enterprise Magazine enthusiastically lauds his work, stating, “Black Wealth is a must-read for all African Americans looking to take the entrepreneurial plunge. Soul Food: 52 Principles for Black Entrepreneurial Success, is a beacon for African-American and minority business owners."
Taking the evolution of minority entrepreneurship even further, Mr. Wallace recently concluded a 10 year study on how companies are building successful strategic partnerships and business alliances as a tool and engine for growing their businesses, penetrating new markets, and rapidly acquiring new technical skills. This particular research culminated in the publication of his fourth book Strategic Partnerships: An Entrepreneur’s Guide to Joint Ventures and Business Alliances (Dearborn Publishers, 2004). Robert’s fifth book builds upon his underlying theme of building wealth through entrepreneurial endeavors by integrating spiritual and biblically based business guidelines into the successful starting and growing of businesses. This book, entitled The Ssese Principles: Guidelines for Creating Wealth through Faith (AuthorHouse Books, 2005) provides valuable and time-tested advice on the wealth and business wisdom that God has buried in His Holy Word. These age-old nuggets of wisdom provide much needed guidelines on wealth creation, wealth capturing, wealth management and wealth maintenance.
Not only has Mr. Wallace dedicated his life to assisting individual minority entrepreneurs in their pursuit of the American dream, he has also built an impressive list of institutional clients who depend on him for guidance in attracting and mentoring minority businesses and minority entrepreneurs. These clients include IBM, Toyota, HP, National Football League, SAIC, NMSDC and multiple Business Chambers throughout the country. Robert has also been invited to share his insight on economic empowerment through entrepreneurship throughout the world. Recently, in conjunction with the University of East Africa at Baraton in Kenya, through his company Entreteach Learning Systems, Robert sought to establish the first Center for Wealth Creation through Entrepreneurship™. Each year Mr. Wallace touches tens of thousands of minority entrepreneurs throughout the world.
Mr. Wallace is also the founder and Chairman of the Board of BITHGROUP Technologies, Inc. (www.bithgroup.com) an information technology consulting firm that provides services in management consulting, energy management, wireless engineering, IT services, Biometrics and SMS engineering. He is also the founder of Entreteach Learning Systems, LLC, an exciting e-learning company designed to foster the development of minority and women entrepreneurs, intrapreneurs and micro enterprises through research and the use of strategic technologies.
Mr. Wallace is a member of Leadership Maryland, a thriving network of informed, engaged leaders who are helping shape the future of Maryland. He was a hand-selected advisor for the GE Center for Financial Learning board, which was the first uniquely objective, impartial, Web-based financial education resource for information on personal, financial and life-event planning. Robert also serves on numerous Boards. These Boards include the Baltimore Workforce Investment Board, President of the Maryland Hawk Corporation, Center Stage Playhouse, Maryland Technology Council, National Minority Supplier Development Council, Kennedy-Krieger Institute and he was a former Chairperson of the State of Maryland Information Technology Board. He earned his Bachelor of Science in Mechanical Engineering and Applied Mechanics from the University of Pennsylvania, a MBA from the Amos Tuck School of Business at Dartmouth and was awarded a Doctorate of Humane Letters from Sojourner Douglas College.
Robert Wallace is a community leader, inspiring mentor and an outstanding example of how each and every American can overcome obstacles in order to create wealth that spans far beyond financial gain.