Not everyone wants to be an entrepreneur. And not everyone can be an entrepreneur. Many people aren’t in a situation that allows them towork 80 hours a week with no guaranteed income. Entrepreneurs are willing to work harder than most people. They know it’s a marathon, not a sprint. What are the qualities that it takes to be an entrepreneur? READ MORE AT MS. CAREER GIRL
entrepreneurship (19)
People seem to be afraid of networking. They have many excuses to avoid it. Yet in-person networking remains vibrant today whether you are a small business owner, a job hunter or a member of some affinity group that brings people together. Attending networking meetings provides increased exposure, knowledge, leads, suggestions and ideas to help you become more effective in your professional life. READ MORE AT THE BIG GAME HUNTER
Investments from Latino and Latina-led venture capital firms contributed to the creation of an estimated 51,600 jobs last year, according to a new report. These gains come even as Latinos and other people of color remain deeply underrepresented in the VC world. Last year, Latinos and Latinas represented 1.6% of all investment professionals in larger U.S. firms, or those managing more than $100 million in assets, according to the new report from SomosVC, a nonprofit pushing for greater representation. READ MORE AT AXIOS
Yoloxochitl “Yolo” Lopez DeMarco is one of the many Hispanics in the Region who is taking her financial future into her own hands. Her company is among the 5 million Latino/Hispanic-owned businesses nationwide generating more than $800 billion in annual revenue, according to a report by the U.S. Department of the Treasury. READ MORE AT NORTHWEST INDIANA BUSINESS MAGAZINE
Latino/a entrepreneurs continue to be a force for economic development in the United States: They own 4.7 million businesses that generate more than $800 billion annually. But they are not monolithic. A new report highlights the role played by women, immigrants, and new technologies in the growth of Latino/a-owned businesses. READ MORE AT THE STANFORD REPORT
Latinos outpace non-Latinos in the United States by wide margins in purchasing power and annualized income growth, as well as business creation, growth and resiliency. While Latinos make up 20% of the U.S. population, Latinos comprise just 1% of franchise owners. READ MORE AT FRANCHISE WIRE
Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a huge opportunity for the U.S. In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses. READ MORE AT LATINO BUSINESS ACTION NETWORK
In October 2023, the U.S. Department of the Treasury reported that roughly 5 million Latinx-owned businesses operated nationwide. These companies generate over $800 billion in annual revenue with an economic output of $2.8 trillion.
That report also revealed that this share is growing. In 2021, almost 25 percent of the entrepreneurs behind new business applications were Latinx. And between 2019 and 2023, the share of self-employed Latinx workers across the country grew by 26 percent. READ MORE AT BANKRATE
Florida is a melting pot of cultures and for many it is an opportunity to seek a better life. It is no secret that the Hispanic and Latino community’s contributions to the U.S. economy have been nothing short of impactful. In fact, a 2022 study found that U.S. Latino economic output would rank 5th in the world's gross domestic product if U.S. Latinos were an independent country. READ MORE AT NBC 6 SOUTH FLORIDA
Even though Latinos are the second largest ethnic group in the U.S., they’re underrepresented across many industries, including finance, which can have long-term effects on the ability to grow wealth. A group of Latino-led and focused venture capital firms is looking to change that.
Lack of access to capital markets makes it harder for Latinos to build meaningful wealth. It also means they’re underrepresented as shareholders of companies if they aren’t holding stocks and that they’re not lending a proportional voice to investing decisions. READ MORE AT CNBC
U.S. small businesses in general are still in recovery mode from the effects of Covid-19; however, new research from the Latino Business Action Network (LBAN) shows Latino businesses are playing an important role in the U.S. economy through business ownership and job creation. READ MORE AT FORBES
Economies across the globe face a double-headed threat: record levels of unemployment and towering public debt. Over the past two years, many western governments' response to one has come at the cost of the other; furlough schemes and stimulus cheques have left government balance sheets looking worryingly red.
It’s time to take a more aggressive approach. READ MORE AT THE HILL
Just 18.7% of all businesses in the US are minority-owned, despite ethnic and racial minorities making up 40% of the population. For entrepreneurs of colour who face systemic barriers like a lack of funding, choosing the right location to start or scale a business is important.
If you’re a startup owner of colour looking for funding, resources and support, these top 10 cities are worth relocating to, a JobSage report reveals. READ MORE AT BUSINESS CHIEF
Ernst & Young LLP (EY US) today welcomes 96 Black and Latino founders and CEOs to the 2022 cohort of the EY Entrepreneurs Access Network (EAN). A national business accelerator, EAN is a comprehensive, executive program designed to elevate emerging and established Black- and Latino-owned companies through access to resources, networks and one-on-one mentoring. This marks the second full cohort of EAN participants, after the program officially launched in January 2021. READ MORE AT CISION
Hispanic-owned businesses have been the fastest-growing segment in the U.S. over the past 10 years, their numbers increasing by 34% since 2010, versus only 1% growth for all other business owners, according to a recent Stanford University study. READ MORE AT MEDIAPOST
Latinos are an economic engine for the US. They are the fastest growing minority: by 2030, 1 in 5 workers will be Latino. And they have the highest rate of entrepreneurship of any race: their businesses have grown by 12.5 percent over the past five years, compared to 5.3 percent for White-owned businesses. READ MORE AT MCKINSEY & COMPANY
Networking… many people see it as a necessary evil in the business world, and for some it can be difficult to master. Networking connects people with one another, sparking new ideas, forging new partnerships, and making an event worth attending. Sounds great, however, the problem with networking is that it can be, well, awkward. If you’ve ever turned up to a gathering as a “newbie” or first timer, you’ll know the feeling of hovering by the doorway, not knowing who to approach or where to begin. READ MORE AT SUNDAY BUSINESS POST
In a country built by immigrants, numbers represent the strength and ability to move forward both culturally and economically. Such is the case for Latinos, a growing force in the United States currently representing 18 percent of the overall population — a number expected to grow to 30 percent by 2060.
The economic impact Latinos have in the country as a group is growing at a steady rate, and according to Nielsen, a global information measurement firm, Latinos are "the most influential segment since the baby boomers," representing a $1.5 trillion consumer market.
The economic impact extends beyond the Latino consumer to the Latino entrepreneur. The State of Latino Entrepreneurship 2015 Report, created by the Stanford Latino Entrepreneurship Initiative. READ MORE AT CNBC
“We all wish to change our lives but only a few of us are willing to do what it takes to change.”
Research suggests that more than 90 per cent of the New Year resolutions are broken within the first week itself and another 5 per cent during the first month.
Change is the only thing constant in this world and it comes in two forms. We either progress towards what we want or regress into what we are comfortable with. There is no status quo in life. As an author, counsellor and a speaker, I have seen so many people attempting to change and failing miserably and then eventually getting back into their old ways of living. It seems as if change has become a secret recipe that only a few lucky people have access to. Nothing could be further from truth. Making any change permanent is a matter of decision and discipline. READ MORE AT THE INDIAN EXPRESS