Thriving As a Minority-Owned Business in Corporate America

Thriving As a Minority-Owned Business in Corporate America
Author: William Michael Cunningham
Publisher: Apress
Total Pages: 186
Release: 2022-01-08
Genre: Business & Economics
ISBN: 9781484272398

The dramatic increase in minority- and female-owned companies continues to transform the business world while setting standards for those who follow. Thriving as a Minority-Owned Business in Corporate America offers you a comprehensive guide to current practical knowledge of minority business development, from grants and loans to market building. This book demonstrates how you can use specific laws, institutions, and new technologies to set up and steer your business to success. Expert coverage includes both established and underused resources at the federal, state, and local levels dedicated to minority business expansion. You will learn how to tap resources made available by government agencies like the Minority Business Development Agency (MBDA) and programs such as the Offices of Minority and Women Inclusion (OMWI). Non-governmental funding sources (e.g., banks, credit unions, venture capital) are also examined in depth, with sound advice on approaching each. The author explores the critical role of social media in leveling the playing field, spotlighting minority/female business-related sites and strategies for leveraging your online presence. And he provides real-world guidance on business certifications, tax breaks, credit issues, and more. Whether you’re in start-up or expansion mode, after reading this book, you will have the know-how needed to seize the opportunity and succeed with your enterprise. What You Will Learn Discover unused and unrecognized resources at the federal, state, and local level set up specifically for minority business See the difference between banks, thrifts, credit unions, angel investors, and venture capital, and how to approach each Use social media in support of minority business development goals Examine social media sites and trends: current and relevant minority business related social media sites and trends Who This Book is ForAnyone: Asian, Hispanic, women, Black or White who wants authentic, impactful information on creating or supporting minority-owned businesses.

Building Minority Enterprise

Building Minority Enterprise
Author: United States. Office of Minority Business Enterprise
Publisher:
Total Pages: 64
Release: 1970
Genre: Federal aid to minority business enterprises
ISBN:

Profit First For Minority Business Enterprises

Profit First For Minority Business Enterprises
Author: Susanne Mariga
Publisher:
Total Pages: 238
Release: 2021-05-25
Genre:
ISBN: 9781735775906

It's time to level the playing field! You are accustomed to being the first-the first to go to college, the first to start a business. You often enter rooms where no one else looks like you. You're a trailblazer on a mission to create a new legacy for your family. And yet, despite your success, you still work too hard for too little cash. In Profit First for Minority Business Enterprises, Susanne Mariga, CPA, shows you how to implement the proven Profit First cash management system that has lifted thousands of entrepreneurs out of the struggle and into success. This book is designed to give you the mentorship you need to scale smart into an independent, seven-figure, minority business enterprise. In this book, you'll learn: How to apply Profit First to improve cash flow, reduce debt, and grow profit Strategies for revenue generation, target pricing, and margin maximization Expense prioritization techniques Power alignment and team building tools Secrets of-and common illusions about-successful government contracting Tax strategies designed to build generational wealth while maximizing business profitability How to make an impact in your industry when no one else looks like you We have committed a percentage of the proceeds from this book to send girls to school in Zimbabwe. So, when you purchase Profit First for Minority Business Enterprises, you contribute to an education that will alter the life of a Zimbabwean girl. By allowing young women to receive an education, not only do you alter their future, but you pivot the future of their offspring for generations to come. Thank you for being part of our mission of changing legacies.

Minority Business Success

Minority Business Success
Author: Leonard Greenhalgh
Publisher: Stanford University Press
Total Pages: 190
Release: 2011-02-28
Genre: Business & Economics
ISBN: 0804777470

In Minority Business Success, authors Leonard Greenhalgh and James Lowry chart a path for the full participation of minority businesses in the U.S. economy. Today, minorities are well on their way to becoming the majority of our workforce and a large part of our entrepreneurial endeavors; their full contribution is essential to national competitive advantage in a global economy. The beginning of this book summarizes demographic changes in America and shows why it's in the national interest to foster the survival, prosperity, and growth of minority-owned businesses. The authors outline why these businesses are vital to the solution to our current economic woes. Next, the book turns to what minority firms must do to take their place in major value chains, and, finally, the book examines what governments, corporations, and support organizations ought to be doing to foster minority inclusion. In total, Greenhalgh and Lowry lay out a new paradigm for developing minority businesses so that they can fully contribute to our national competitive advantage and prosperity.

America Becoming

America Becoming
Author: National Research Council
Publisher: National Academies Press
Total Pages: 523
Release: 2001-01-25
Genre: Social Science
ISBN: 0309172489

The 20th Century has been marked by enormous change in terms of how we define race. In large part, we have thrown out the antiquated notions of the 1800s, giving way to a more realistic, sociocultural view of the world. The United States is, perhaps more than any other industrialized country, distinguished by the size and diversity of its racial and ethnic minority populations. Current trends promise that these features will endure. Fifty years from now, there will most likely be no single majority group in the United States. How will we fare as a nation when race-based issues such as immigration, job opportunities, and affirmative action are already so contentious today? In America Becoming, leading scholars and commentators explore past and current trends among African Americans, Hispanics, Asian Americans, and Native Americans in the context of a white majority. This volume presents the most up-to-date findings and analysis on racial and social dynamics, with recommendations for ongoing research. It examines compelling issues in the field of race relations, including: Race and ethnicity in criminal justice. Demographic and social trends for Hispanics, Asian Americans, and Native Americans. Trends in minority-owned businesses. Wealth, welfare, and racial stratification. Residential segregation and the meaning of "neighborhood." Disparities in educational test scores among races and ethnicities. Health and development for minority children, adolescents, and adults. Race and ethnicity in the labor market, including the role of minorities in America's military. Immigration and the dynamics of race and ethnicity. The changing meaning of race. Changing racial attitudes. This collection of papers, compiled and edited by distinguished leaders in the behavioral and social sciences, represents the most current literature in the field. Volume 1 covers demographic trends, immigration, racial attitudes, and the geography of opportunity. Volume 2 deals with the criminal justice system, the labor market, welfare, and health trends, Both books will be of great interest to educators, scholars, researchers, students, social scientists, and policymakers.

The Capacity to Succeed

The Capacity to Succeed
Author: Barbara McNichol Editorial
Publisher:
Total Pages:
Release: 2014-01-31
Genre:
ISBN: 9780989620406

There is more and more talk about capacity building these days. Virtually everyone is claiming to be doing it, asking for it to be done to them or wishing they could figure out how to do it. Yet there is no established definition of capacity building and there are no means to measure whether it is actually happening. At least not until now. The Capacity to Succeed unpacks the idea of capacity building. The book defines what it is. Presents a formula to measure its growth and takes a deep dive into how capacity is developed specifically in minority businesses. The book carefully outlines the individual roles of minority business owners, major buying organizations and organizations whose mission it is to support minority business development. Using experience and research derived from working with more than 100 diverse firms and over a three-year period, The Capacity to Succeed, articulates the activities that work and the elements of capacity that drive desired business outcomes.

Race and Entrepreneurial Success

Race and Entrepreneurial Success
Author: Robert W. Fairlie
Publisher: MIT Press
Total Pages: 253
Release: 2010-08-13
Genre: Business & Economics
ISBN: 0262260670

A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses.

The Palgrave Handbook of Minority Entrepreneurship

The Palgrave Handbook of Minority Entrepreneurship
Author: Thomas M. Cooney
Publisher: Springer Nature
Total Pages: 591
Release: 2021-04-17
Genre: Business & Economics
ISBN: 3030666034

Bringing much needed clarity and definition to the term 'minority entrepreneur,' this authoritative and timely handbook explores the distinctive challenges that minority communities face when founding and managing new ventures. The handbook is inclusive of any community who might be considered disadvantaged or under-represented in terms of entrepreneurial activity and included are women, youths, seniors, disabled, immigrants, Indigenous peoples, LBGTQ+, ex-offenders, Roma, refugees and many others. Chapters highlight the idiosyncratic nature of the many communities examined before offering frameworks and models that draw together the various findings. With a cast of international contributors, this scholarly handbook discusses the surrounding literature of minority entrepreneurship and takes an all-encompassing approach to its interpretation. It also addresses the sorely under-researched area of entrepreneurial behaviour among minorities and disadvantaged groups. This is particularly important for policymakers tasked with designing and delivering initiatives that are appropriate for the needs of these communities. Ultimately this handbook contributes to existing knowledge by: • providing a current understanding of the literature for each of the communities; • investigating the uniqueness of the entrepreneurial behaviour within the communities; • offering new frameworks/models from which future researchers can build new knowledge. The handbook provides a comprehensive account of an important and fast emerging field of entrepreneurship, and is an invaluable resource for students, researchers and policymakers.

Minority Entrepreneurship

Minority Entrepreneurship
Author: Timothy Bates
Publisher: Now Publishers
Total Pages: 164
Release: 2011-09
Genre: Business & Economics
ISBN: 9781601984906

Minority Entrepreneurship reviews the economic and sociological literature on the topic of minority entrepreneurship. While economists and sociologists have written most of the influential studies, these groups typically ask different questions and base their analysis on different assumptions. The literature predictably lacks a single unifying focus and is quite diverse regarding issues explored and methodological approaches employed. Differing approaches and their outcomes are summarized and critically probed in this monograph with the intent to illuminate strengths and weaknesses -- along with patterns of common findings -- in this voluminous literature. Minority-owned businesses are collectively reflections of evolving constraints and opportunities operating in broader society. Minorities seeking to create viable business ventures have traditionally faced higher barriers than whites as they sought to exploit market opportunities, raise financing, and penetrate mainstream networks. Entrepreneurial dynamics are clarified by focusing upon specific contexts in which firms are being shaped by prevailing opportunity structures. Progress has been noteworthy overall for minority-owned businesses, in part because barriers impeding their collective development have been gradually declining. Minority Entrepreneurship shows that the dominant methodological approaches and findings of economists and sociologists in the minority entrepreneurship literature are highly complementary. Sociologists have posed bolder questions while economists have paid more attention to pinning down cause-and-effect relationships, yet their findings have been gradually moving towards convergence over the past two decades. This monograph posits that it is possible and desirable that these respective bodies of work may someday merge, creating a minority entrepreneurship scholarly synthesis.