Minority Business – Minority Owned Business

http://YoungWomenInBusiness.com

How I built a hugely successful award-winning business from scratch, accumulated more than $1 million in assets, married my soul-mate and had my first child…all before the age of 30 Since you’re here, you’ve probably heard my story about how I have risen to business success at such a young age, doing things differently from the norm and getting great results. Not only have I created a successful business I have also created a successful life. I am living proof that you CAN have your cake and eat it too! I’m 29 years of age and built my small business from the ground up. I own a beautiful apartment near the beach with ocean views. I have a degree in International Business, Marketing and Management. I own over $1 million in property assets. I have won numerous business awards and accolades. I am married to my soul mate and have a baby. I have lived overseas and have travelled extensively. But most importantly I am happy and I laugh a lot and have fun. And no, I was not born with a silver spoon in my mouth. It was all my own work. So now it’s time to pay it forward, and share the secrets to my success — the secrets to having it all. I want to show other young women that enjoying huge success in their careers doesn’t have to come at the expense of their personal life.I have put this website together to guide you through the process that I used to make my own business and life a huge success at such a young age. I’ve included all the steps, resources, hints and tips that I have discovered along the way. My hope for you is that you’ll take it and use it, and get the same wonderful feeling I have in finally achieving a successful business and life at such a young age. When you introduce yourself by filling out your details in the boxes below, you’ll get all the information you need to allow you to start living the life you dream of.
To your success, health, happiness and wealth, Jade Guttridge
Learn More at:
http://YoungWomenInBusiness.com

Duration : 0:3:49

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Technorati Tags: Business, for, Goal, Guttridge, in, Jade, key, secrets, Setting, Success, turn, women, Young

It would only be fair to invite bids from black-owned businesses. However, the fact remains that although African-Americans represent 13.4% of the total US populace, only 5% of businesses are owned by them and they account for hardly 0.5% of the total business in financial terms. These figures become even more offensive keeping in view that other minorities in the US do not suffer as much. For example, Hispanic-Americans, accounting for 11.9% of the US’s total population, own as much as 7% of businesses. Asians too, who account for 4.5% of the total US’s population also own 4.5% of the businesses.

African-Americans face more challenges and fewer opportunities than any other ethnic groups in this country. Therefore, as long as more American businesses do not come forward to buy from black-owned business and embrace a greater degree of supplier diversity, African-American entrepreneurs will continue to face the same dim future in the American business sector.

Another interesting characteristic of the American business sector happens to be the failure of black-owned businesses in their first four years of business. This trend amounts to almost 20% more in comparison to white-owned businesses. Black-owned businesses also get lesser capital help as compared to white-owned businesses and are almost four times more vulnerable to credit denial. In addition to this, there is no such possibility for the African-Americans to benefit from multigenerational families, other business and social tie-ups that often result in corporate partnerships in the US.

In corporations, one frequently discussed topic is supplier diversity, but it is seldom achieved. The federal government has also announced a mandate for the federal agencies to do business worth 8% with disadvantaged and other minority-owned businesses, including black-owned businesses. This was done way back in 1978.

This created an active outbreak within the government, followed by other repercussions obvious in the rest of the corporate world. Many companies readily adopted the supplier diversity program, but often remained restricted in staffing. Naturally, the black-owned companies remained fewer in number and smaller (92% of all the black-owned companies have no employees), thereby receiving a disproportionate share of the business pie.

This triggered a general tendency of black-owned vendors not receiving enough supply roles within the corporate field, especially when it comes to professional services, frequently based beyond traditional procurement processes. Another sad end of the story remains the bias against African-Americans as being labeled as corporate incompetence. Most corporate organizations are also of the belief that practicing supplier diversity will stretch the company investment. However, statistical data prove quite the opposite and companies that have embraced the program, have been known to have gained more returns on their investment.

This problem needs to be addressed at a practical level or lesser number of black-owned business enterprises would mean fewer job opportunities for these minorities in the US, further lessening hope for the multicultural utopia.

Duration : 0:0:34

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Technorati Tags: black, building, Business, home, making, money, secrets, to, wealth

Al Hollingsworth, CEO of Aldelano Packaging Corporation, discusses his business, secrets to success, and being a Corporate Plus mbe.

Duration : 0:2:59

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Technorati Tags: Aldelano, Business, Corporate, Corporation, mbe, Networking, nonprofit, Packaging, Plus, SCMBDC, secrets, Success, to

It would only be fair to invite bids from black-owned businesses. However, the fact remains that although African-Americans represent 13.4% of the total US populace, only 5% of businesses are owned by them and they account for hardly 0.5% of the total business in financial terms. These figures become even more offensive keeping in view that other minorities in the US do not suffer as much. For example, Hispanic-Americans, accounting for 11.9% of the US’s total population, own as much as 7% of businesses. Asians too, who account for 4.5% of the total US’s population also own 4.5% of the businesses.

African-Americans face more challenges and fewer opportunities than any other ethnic groups in this country. Therefore, as long as more American businesses do not come forward to buy from black-owned business and embrace a greater degree of supplier diversity, African-American entrepreneurs will continue to face the same dim future in the American business sector.

Another interesting characteristic of the American business sector happens to be the failure of black-owned businesses in their first four years of business. This trend amounts to almost 20% more in comparison to white-owned businesses. Black-owned businesses also get lesser capital help as compared to white-owned businesses and are almost four times more vulnerable to credit denial. In addition to this, there is no such possibility for the African-Americans to benefit from multigenerational families, other business and social tie-ups that often result in corporate partnerships in the US.

In corporations, one frequently discussed topic is supplier diversity, but it is seldom achieved. The federal government has also announced a mandate for the federal agencies to do business worth 8% with disadvantaged and other minority-owned businesses, including black-owned businesses. This was done way back in 1978.

This created an active outbreak within the government, followed by other repercussions obvious in the rest of the corporate world. Many companies readily adopted the supplier diversity program, but often remained restricted in staffing. Naturally, the black-owned companies remained fewer in number and smaller (92% of all the black-owned companies have no employees), thereby receiving a disproportionate share of the business pie.

This triggered a general tendency of black-owned vendors not receiving enough supply roles within the corporate field, especially when it comes to professional services, frequently based beyond traditional procurement processes. Another sad end of the story remains the bias against African-Americans as being labeled as corporate incompetence. Most corporate organizations are also of the belief that practicing supplier diversity will stretch the company investment. However, statistical data prove quite the opposite and companies that have embraced the program, have been known to have gained more returns on their investment.

This problem needs to be addressed at a practical level or lesser number of black-owned business enterprises would mean fewer job opportunities for these minorities in the US, further lessening hope for the multicultural utopia.

Duration : 0:0:34

(more…)

Technorati Tags: black, building, Business, home, making, money, secrets, to, wealth