This is a sponsored post by OM Media group on behalf of Verizon, all opinions are my own.
Minority-owned small businesses have a big impact on our economy. Minority businesses make up almost 15 percent of the 28 million small businesses and employ 5.9 million workers in the United States. According to the most recent data from the Small Business Administration, Asians owned 1.6 million businesses, African-Americans owned 1.9 million, Hispanics owned 2.3 million, and Native American/Pacific Islander owned 0.3 million.
And the growth trend is expected to increase as the country’s demographics continue to shift.
On the flip side, minority-owned businesses also face huge challenges. Access to capital, profitability, and survival rate are the biggest risks. According to an SBA report, “Women and minority-owned firms tend to be smaller and less profitable … and they carry lower survival rates than their male or non-minority counterparts.”
As a small business owner, I fully understand the risks and benefits of owning a company. My company, Goodall Family Media (online publishing, digital marketing, social media, and film/TV/online video production) has had its ups and downs in the three years since it’s been incorporated in Texas. But I’ve learned that networking and continued education are keys to success for any business. On Tuesday, November 17th, small business owners in Houston will be able to do both.
Verizon is hosting a Minority-Owned Business Summit. The half-day program will help small business owners to achieve personal and professional results, inspire their employees, manage their business to new heights, meet peers, and share best practices.
Speakers include Linda Alvarado, President & CEO of Alvarado Construction, Inc.; Emilio Gonzalez, Executive Director For Strategic Alliances at Verizon; Alex Davidson, CEO of Securranty; Carol Guess, General Counsel at The Guess Group, Inc.; Alex Lopez Negrete, President/CEO of Lopez Negrete Communications, Inc; Laura Oldaker, CEO/Executive Director of By Your Side Senior Care; and Nelson Reyneri, Senior Vice President, Sales & External Affairs at Liberty Power Corporation.
There will also be a blogger workshop co-led by Byrdie Franco and Eric T. Tung where you can learn how to generate income from your online channels.
For more information about the Minority-Owned Business Summit and to register for the FREE event, visit this link – http://verizonevent.com/mbos
Added bonus: You can nominate a charity to be considered for a $5000 donation. Verizon will award two donations to charities whose work makes Houston communities a better place.