Archive for the 'Minority business ownership' Category

An honest debate about race and entrepreneurship

You may not be surprised to learn that one of the things that interests me is why black Americans aren’t more represented in the marketplace’s entrepreneurial ranks.  For example, according the SBA’s Office of Advocacy, African-Americans are only 40% as likely to choose business ownership as are white Americans.  To put this number in perspective, Latinos are 60% as likely to be business owners as are white Americans. Furthermore, Chika Onyeani, editor-in-chief of the African Sun Times and author of Capitalist Nigger, reported in his book and on my radio program, that in the New York burrough of Harlem, recognized for generations as ground-zero for black America, very few businesses are owned by blacks.

With decades of civil rights legislation, anti-discrimination regulation and billions of dollars spent to make sure the marketplace playing field is level for all, why aren’t there more black business owners? During this same period women overcame similar obstacles, but over the past 10-20 years, business start-ups by women have become the fastest growing ownership sector.

Recently, on my program, The Small Business Advocate Show, I discussed the issue of African-American business ownership with two individuals that I consider to be thought-leaders on the topic, intellectually, professionally and because of their race. Donald Hunter is a business owner, a commercial finance expert, and an entrepreneurial educator. Clara Villarosa is a retired business owner and co-author of Down to Business: The First 10 Steps to Entrepreneurship for Women. Both have overcome more than the average obstacles of a black business owner: Donald is blind, and Clara started and successfully ran her woman-owned business at a time when even white women faced heavy odds.

One of the things I believe is that political correctness, wherever it manifests, is the enemy of achieving excellence, and I asked Donald and Clara what they thought about this. You don’t want to miss their answers.

Take a few minutes to listen to our conversation and let us know what you think about race and business ownership. Listen Live! Download, Too!

Promoting women small business ownership

Women business owners are the fastest growing segment of the small business sector, currently representing around half of all business ownership.  And women have come a long way in their quest to overcome obstacles and challenges that are unique to them, such as access to credit, just to name one issue.
Since I first began broadcasting my radio program, The Small Business Advocate Show, I’ve made it a point to include plenty of programming on women business ownership issues, which has created a number of important relationships with the best experts on women in business in the world.  Over the years, this group of experts and I have produced a significant body of work on this topic, of which we are very proud.
Recently two of the ladies in my Brain Trust have joined my on my show to talk about how women can start, run and grow their businesses.  First, Mary Cantando and I talked about women helping other women as she introduced her 2010 Woman’s Advantage Calendar. Mary is the author of The Woman’s Advantage and a recognized authority on women’s business initiatives. By the way, Mary mentions a special code that will get you a discount if you want to purchase her calendar.
Also joining me is one of the newest members of my Brain Trust, certified financial counselor,  Hollis Colquhoun (pronounced Calhoun), who is the co-author of Women Empowering Themselves: A Financial Survival Guide. We talked about how women can take control over their personal financial health while they do the same for their families. Take a few minutes to listen to my conversations with these very smart ladies. And be sure to let us know about your own experiences.
Mary Cantando’s interview: Listen Live! Download, Too!
Hollis Colquhoun’s interview: Listen Live! Download, Too!

The growing phenomenon of women business ownership

For the past 30 years, marketplace forces and the evolution of business technology have continued to move in the direction of democratization. This means more productive tools designed for the size tasks of small businesses and offered at incremental price points that fit their diminutive budgets.

Today, technological leverage for small businesses is comparable to big businesses. And when you take their inherent flexibility into consideration, it’s easy to see how smaller and smaller enterprises are, within their scale of operation, increasingly able to compete with the big guys.

One of the groups that falls into that “smaller and smaller enterprise” category is women-owned businesses. Historically, women have not started businesses at the same rate as men for many reasons, not the least of which was access to capital. But for the period of time that not coincidentally tracks perfectly with the incrementalization of technology, women-owned businesses have become the fastest growing segment of the marketplace. With more powerful tools at prices that fit their smaller caches of capital, women business owners have become an entrepreneurial force to reckon with, and there is no reason to believe that this trend won’t continue.

Over the years I’ve made a commitment to regularly cover this growing phenomenon of women business ownership on my small business radio program, The Small Business Advocate Show. Recently, I’ve interviewed several experts on this topic, including Kim Lavine, author of Mommy Millionaire, Mary Cantando, author of The Woman’s Advantage, and Janet Christy, author of Capitalizing on Being Woman-Owned. In these interviews we’ve discussed the issues that are unique to women in business, including both the challenges and the opportunities.

Here are links to these three interviews, plus a link to the body of work I’ve amassed on our website where you can find dozens of interviews with women-in-business experts.

Kim Lavine Listen Live! Download, Too!
Mary Cantando Listen Live! Download, Too!
Janet Christie Listen Live! Download, Too!
Full list of women-in business archives

Take a few minutes to listen to these experts and, of course, be sure to leave your thoughts.

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