Minority Entrepreneur possibly receive grants
QI would like to get out of myself, and I created a business plan for an exciting company, however, because I'm pre-funding stage, I'm still plugging away at my day job there a minority small business loans or grants that would help me make the transition to the contractor.
A It Sá needs of minority programs that help the maturation of new businesses, and there are several of these available programs However, any entrepreneur seeking these sources must also focus on how his business survives independently of these programs - after all , a successful minority business will have to mature on the forward program Make sure you have some sort of plan in place maturation that allows you to succeed without asides for minorities within three to five years, for example; Otherwise, you may find you simply build a business to buy or put you at too much risk.
Your first strategy is to look in your own area for local funding, which is available in some redevelopment agencies to communities and other local organizations An example of a regional organization is FAME Renaissance operates several social development programs and business designed to create wealth in poor areas in Los Angeles County also in the Southern California area is Operation HOPE a valuable organization that scattered a total of 72 million in minority loans to homeowners and owners company Even if you do not live in Southern California, I would recommend paying a visit to the Operation HOPE website, which has several stories of inspiring success and transcripts of speeches of the founder of Operation HOPE John Bryant, who speaks eloquently about the issues surrounding the digital divide and the autono Economic mization Some other regional organizations include Brotherhood Business Development Capital Fund and regional Pacific Coast.
On a larger scale, Ron Langston, Deputy Secretary of Commerce under the Bush administration, was very dedicated to the growth of minority businesses and appreciate the special needs that a minority can cope with the transition to the contractor To this end, a look at the next conference on development Minority Enterprise and the Web site of the MBDA Minority business development Agency in addition to information on funding, the site MBDA offers plenty of good advice for a small business, or other minority.
In addition to loans to start, there are also minority set-asides being a company can take advantage of the National Minority Council offers and the diversity NMSDC provides a direct link between business and minority businesses a glance quick look through the list of member companies - the companies who want to buy quality goods and services to minorities on a competitive basis - reveals some of the largest public companies in the United States NMSDC, with offices regional in most states, is a good first step in finding your first contracts once you have started your new business you can even join its database of certified minority suppliers and get referrals to business buyers in 2000 member companies made purchases from minority businesses registered in NMSDC exceeding 54 3 millia rds.
Finally, like any type of financing, the minority funding also depends on having a business plan, product quality and dedication to your personal success.
Janice Bryant Howroyd is founder, president and CEO of Torrance, California, ACT-1 Group, the largest employment agency woman belonging to minorities in the US, with more than 70 offices, 300 time employees full, 65,000 temporary stars and annual sales exceeding 500 million Established in 1978 around the personal philosophy Howroyd maintain humanity in human resources, ACT-1 is now a MULTIDIVISION conglomerate serving customers such as Ford Motor Co Gap Inc. and Sempra Energy and meeting requests for well-educated and well training of temporary employees, full-time and contract it was twice honored with the Star group as one of the 50 leading world women entrepreneurs .
The opinions expressed in this column are those of the author and not all the answers are intended to be general in nature, without regard to specific geographical areas or circumstances, and should be proud after consulting an expert, as a lawyer or accountant.
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