owners

16Jul

By THEIRL1ADMIN01No Comments

THE LATEST NEWS

How Do Business Owners Stay Focused?

Many entrepreneurs think their biggest problem is finding funding. But what those entrepreneurs forget is the demon of distraction. Lack of focus and distraction can destroy any business, making it lose its momentum. By year three, 44% of businesses fail. This means that focus is essential to a business's success. And maintaining your short-term and long-term goals can help you create and maintain momentum in business. These 5 tips will help you slay the distraction demon. 1: Where's the revenue? Each time you're about to make any decision about your business, the first question you should ask is, "Where's the revenue?" Many entrepreneurs fall into the trap of thinking they won't have revenue in the launch stage. But why shouldn't you? If you have no revenue, it's easy to get distra...

Black And Hispanic Small-Business Owners Have Been So Badly Hit In The Pandemic Recession

4Apr

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Black And Hispanic Small-Business Owners Have Been So Badly Hit In The Pandemic Recession

The pandemic has taken a heavy toll on Main Street, with small businesses across the U.S. closing by the thousands. But as bad as the overall scene is, for minority-owned businesses the picture is even bleaker. A survey released on Jan. 27 by advocacy group Small Business Majority found that almost 1 in 5 Black and Hispanic entrepreneurs expected to permanently close their business over the course of the next three months – a rate higher than for white business owners. It comes on the back of a report by the Federal Reserve of Cleveland that suggested that the impact of the coronavirus could be over two times larger for Black- and Hispanic-owned businesses than for white-owned enterprises. As scholars who research racial inequities and entrepreneurship, we know that even before the pande...

LA’s Office Of Immigrant Affairs Aims To Help Immigrant Business Owners And Essential Workers Affected by COVID

21Sep

By THEIRL1ADMIN01No Comments

COVID-19

LA’s Office Of Immigrant Affairs Aims To Help Immigrant Business Owners And Essential Workers Affected by COVID

Seville Dry Cleaners is in Huntington Park, a working class, heavily Latinx neighborhood in Los Angeles County. A hair salon and a dental clinic sit on either side of the building, and across the street is a large United States post office. Pre-COVID, these businesses helped to draw foot traffic to the area. But since Californians have had to shelter in place, the once bustling street has gone quiet. Isabel Delgadillo, who opened Seville with her husband in the early 1990s after immigrating from Mexico, estimated their income has dropped by 40%. “There are no clients,” Delgadillo says, adding that she’s worried because the business is the only source of income for her family. L.A. County has more than 3.6 million immigrants, a third of the population, according to a recent report from th...

Successful Strategies For Black Business Owners

28Jul

By THEIRL1ADMIN01No Comments

Journalism

Successful Strategies For Black Business Owners

Being a black business owner in the United States has never been an easy proposition. We have always had a difficult time finding success with our own entrepreneurial enterprises, and those difficulties only seem to grow in times of economic uncertainty. For today's African-American entrepreneur, it is more important than ever that the right strategies be employed in any commercial endeavor. The most important thing that any businessperson can do to ensure that his or her company is a success is to learn how to manage the most critical aspects of running a successful store. These include financing, marketing, and networking. Failing to meet the challenges of any of these three key areas can result in a failed establishment. Learn how to obtain financing It is in the area of financing th...