Two Paths to Prosperity Ed Gardner and Brady Keys. Jr. and the Future of Black Economic Achievement
Two Paths to Prosperity: Ed Gardner and Brady Keys Jr. and the Future of Black Economic Achievement
As we celebrate Black History Month, it’s essential to examine not just the pioneers who broke barriers, but also the different pathways they created for economic empowerment in the African American community. Two men—Ed Gardner and Brady Keys Jr.—exemplify contrasting approaches to building wealth through franchising, each offering valuable lessons about entrepreneurship, ownership, and sustainable economic progress.
The Entrepreneur: Ed Gardner’s Soft Sheen Empire
In 1964, Ed Gardner founded Soft Sheen Products from his Chicago basement with a $500 loan. What began as a small operation creating hair care products specifically for African Americans grew into a powerhouse that would eventually sell to L’Oréal for approximately $160 million in 1998—one of the largest acquisitions of a Black-owned business at that time.
Gardner’s genius lay not just in product development, but in his distribution model. Rather than operating traditional franchises, he created an extensive network of distributors and salon partnerships throughout African American communities. This franchise-style approach meant that Black entrepreneurs across the country could build their own businesses by selling and distributing Soft Sheen products. Salon owners became partners in success, creating a multiplier effect where Gardner’s growth directly translated to opportunity for hundreds, if not thousands, of other Black business owners.
This model offered several advantages. First, Gardner retained complete ownership and control of his brand, building generational wealth that he passed to his children, who eventually ran the company. Second, his distributors and partners weren’t simply employees or franchisees paying fees to a larger corporation—they were independent entrepreneurs building equity in their own operations. Third, the profits generated stayed largely within the African American community, creating a genuine economic ecosystem rather than extracting wealth to distant shareholders.
The Franchisee: Brady Keys Jr.‘s McDonald’s Journey
Brady Keys Jr. took a different path when he became one of the earliest African American McDonald’s franchisees in 1969. At a time when corporate America was largely closed to Black executives and entrepreneurs, Keys saw franchising as a door that, once opened, could admit many others.
Keys didn’t just build one successful location—he created a multi-unit franchise empire, demonstrating that African Americans could excel within established corporate systems. His success was so notable that he eventually joined McDonald’s board of directors, where he used his influence to advocate for diversity initiatives and create pathways for other minority franchisees.
The traditional franchise model Keys embraced offered its own set of advantages: proven systems, established brand recognition, extensive training and support, and access to corporate resources that would be difficult for individual entrepreneurs to replicate. For many aspiring business owners without extensive industry experience, franchising offered a structured pathway to ownership with significantly reduced risk.
Analyzing Impact: Which Model Drives Greater Economic Achievement?
The question of which approach creates more significant economic impact for the Black community doesn’t have a simple answer—it requires examining multiple dimensions of success.
Wealth Creation and Retention: Gardner’s entrepreneurial model created concentrated, generational wealth. The $160 million sale represented a life-changing sum that stayed within one family and could be reinvested in the community or in new ventures. However, Keys’ franchise approach, while generating less spectacular individual wealth, created more distributed opportunities. Every franchisee who followed in his footsteps built their own equity, potentially creating hundreds of millionaires rather than one mega-success.
Scalability and Accessibility: Traditional franchising, as exemplified by Keys, offers a more accessible entry point for many aspiring entrepreneurs. The training, brand recognition, and operational support reduce barriers to entry. Gardner’s path required unique vision, product development expertise, and the ability to build systems from scratch—skills that not every entrepreneur possesses.
Community Economic Ecosystems:
Gardner’s distributor network created what economists call “linked prosperity”—his success directly enabled others’ success within the community. This model kept more economic value circulating within Black communities. Franchise models, while creating Black business owners, still extract significant value through franchise fees, royalties, and supply chain requirements that often flow to corporate headquarters.
Institutional Influence:
Keys’ position on McDonald’s board represented something Gardner’s independent path couldn’t easily replicate—influence within a major American corporation. This institutional power allowed Keys to advocate for systemic changes that could benefit thousands of minority entrepreneurs and employees.
The Verdict: Both Paths Matter
Rather than choosing between these models, the Black community benefits most from pursuing both simultaneously. Gardner’s entrepreneurial approach creates the high-growth, high-value companies that generate substantial wealth and prove that Black-owned businesses can compete at the highest levels. These successes inspire the next generation and create role models who built something entirely their own.
Keys’ franchise path democratizes business ownership, creating a larger middle class of Black entrepreneurs who might not have the resources or expertise to start from scratch. This approach also places African Americans within corporate structures where they can influence policy and create systemic change.
The real lesson from Gardner and Keys is that economic achievement requires multiple strategies. We need more Ed Gardners building the next generation of Black-owned enterprises that can grow to hundred-million-dollar exits. We simultaneously need more Brady Keys breaking into established franchise systems, building wealth, and using their success to open doors for others.
This Black History Month, let’s celebrate both paths and commit to ensuring that future generations have the resources, support, and opportunities to choose the entrepreneurial journey that best fits their talents and circumstances.
About the Author
Dr. William E. Flippin, Jr. is a franchise consultant and global connector who leverages his diverse educational training to build authentic relationships and bridge opportunities across diverse communities worldwide. Through his servant leadership approach, he connects clients, professionals, and entrepreneurs across borders to create mutually beneficial partnerships and optimal business outcomes.











