Description
Book SynopsisThe dramatic increase in minority- and female-owned companies continues to transform the business world while setting standards for those who follow.Thriving as a Minority-Owned Business in Corporate Americaoffers you a comprehensive guide to current practical knowledge of minority business development, from grants and loans to market building. This book demonstrates how you can use specific laws, institutions, and new technologies to set up and steer your business to success.Expert coverage includes both established and underused resources at the federal, state, and local levels dedicated to minority business expansion. You will learn how to tap resources made available by government agencies like the Minority Business Development Agency (MBDA) and programs such as the Offices of Minority and Women Inclusion (OMWI). Non-governmental funding sources (e.g., banks, credit unions, venture capital) are also examined in depth, with sound advice on approaching each.The author explores the cr
Table of ContentsChapter 1, tentative title: The Minority Business ImperativeChapter Goal: Set the stage for the discussion• What Is a Minority Business?• Why are they important?• Summary
Chapter 2, tentative title: The Current State of Minority BusinessChapter Goal: Begin the discussion• Number of firms• Type of firms• Data sources on Minority Businesses• Summary
Chapter 3, tentative title: Laws and RegulationsChapter Goal: Dive into the market• History of laws designed to support minority businesses• How effective have these efforts been?• Summary
Chapter 4, tentative title: Public Sector InstitutionsChapter Goal: Provide a public sector institutional overview • Federal: MBDA• New Federal Efforts: OMWI• State• Local• Summary and Data Sources
Chapter 5, tentative title: Private Sector InstitutionsChapter Goal: Provide a public sector institutional overview • National: NMSDC, etc.• National Chambers of Commerce• State Chambers of Commerce• State Level Organizations• Summary
Chapter 6, tentative title: New Technologies and Institutions
Chapter Goal: Societal trends (like Instagram businesses) that are opening new spaces
• Review of technologies
• JOBS Act and Crowdfunding. Indiegogo, Kickstarter, GoFundMe
• Digital currency
• Instagram
• Facebook
• LinkedIn
• Independent websites
• Summary
Chapter 7, tentative title: Interviews with successful small business ownersChapter Goal: Real World • Shoe Crazy Wine: Gwen Hurt• Texas Black Chamber of Commerce: Charles O’Neil• Others to be added
Chapter 8, tentative title: AppendixChapter Goal: Real World Resources
How to complete a Bank Loan ApplicationGrants for Minority and Women-owned Small BusinessesHow to complete a Grant ApplicationBanks: Do they hate Women and Minority-owned Small Businesses?Short and Long-term capital, business financingWhy you should avoid Venture Capital and Private Equity firmsHow to work with Federal, State and local AgenciesDay Care Centers, Hair Salons, and Music/Film businesses
Templates:
Business Plan (Example: Business Plan for the Apple Mac (1981))Completed Bank Loan ApplicationCompleted Credit Union Loan ApplicationCompleted Grant ApplicationCompleted Franchise Purchase ApplicationBlank Ten Page Business Plan Presentation
