By incorporating minority businesses into job creation and economic recovery policies, the entire country would benefit – minority businesses hire a large share of their workforce from within minority workers.
Over the last decade the minority population and businesses have grown significantly. Black businesses increased by 523%; Asian businesses by 545%; Latinos by 696%. However, white businesses increased by just 81%.
To grow your company successfully you must plan! Planning is the main reason why some minority businesses have been able to grow successfully while others have not. They also improve management efficiency.
Two decades ago, when minority firms started up they tended to be dependent upon minority business enterprise programs. Today, they must adapt to a globally competitive market.
The 17 page Gazelle Index Report on Minority, Women and Small Business Outlook for 2012 is now available. The report analyzes the economy and the outlook for minority and women businesses.
By using diverse suppliers, corporations express their commitment to support minority-owned businesses, promote minority employment and enhance the state of the general economy.
Minority business must adjust to global competitive pressures by building greater scale and capacity and by becoming professionally managed enterprises. Supply chain operations have changed .
A summary of the 2012 outlook for small businesses owned by minority, women and non-minority CEOs is provided below. The results are based on the Gazelle Index national random survey of CEOs.
Minority businesses and small businesses can now use the JOBS Act to undertake IPOs. We investigate the lessors learned from the Penny stock IPO, since both are more likely to be issued by small firms.
The new globally competitive business environment is an uncharted territory for minority-owned businesses. To be successful, minority business owners must focus on building greater scale and capacity.