Minority Business News
Resources and News for Minorities and Women
to Build Strong Businesses and Inspire Growth
Register to receive weekly updates!
To be an entrepreneur in today’s business climate, you must build a strong brand identity for you and for your business. You must invest in yourself. You must invest in your own public relations campaign. Some people feel shy about self-promotion and believe that it self-aggrandizing or even narcissistic. You must get over any reticence that tells you that by promoting yourself you are being immodest.
A recent study on African Americans on boards of directors of Fortune 500 companies commissioned by The Executive Leadership Council(R) found that the number of board seats held by African Americans has declined since its inaugural board report released in 2004. The percentage of African Americans on corporate boards decreased from 8.1 in 2004 to 7.4 percent in 2008, a .7 percent decline. Four years ago, African Americans held 449 corporate board seats and today they hold 413 or thirty-six fewer.
Twenty-three teams of Babson College Undergraduate and MBA students have opted to skip vacation this year, and spend 10 intensive weeks in Babson’s Summer Venture Program to strategize, shape, and accelerate their entrepreneurial businesses. The Arthur M. Blank Center for Entrepreneurship at Babson-- organizer of the pilot program-- was highly-selective in choosing the student entrepreneurs, and offers an environment that will stimulate the fast and flexible mind of an entrepreneur.
Risk management is not a flashy business topic – after all, making money is more exciting than saving it. Still, managing risk and avoiding problems is every bit as critical to the health of a business as creating revenue, according to a VCU professor.
New Report Details Experience of Minority Women in the Subprime Lending Market and Disparate Treatment by Race
WASHINGTON (NNPA) - Ninety years after the passage of the 19th amendment by Congress, a new report for the National Council of Negro Women researched by the National Community Reinvestment Coalition (NCRC) shows that African-American and Latino women continue to receive disparate treatment in the mortgage lending process. The report, Assessing the Double Burden: Examining Racial and Gender Disparities in Mortgage Lending, demonstrates that minorities continue to be much more likely to receive high-cost home mortgage loans.
Even in a downturned economy, four students in the Sam M. Walton College of Business at the University of Arkansas have turned an idea for a test using a woman’s tears for breast cancer into more than $85,000. Mentored by management professor Carol Reeves, the team found success this spring in five major business plan competitions. On May 27, the Tears of Life team took first place and $25,000 in the graduate business plan competition at the 2009 Donald W. Reynolds Tri-State Cup, held in Las Vegas, Nev. Team members include three students pursuing a managerial M.B.A. — Jared Greer, Bessie Williams and Chris Elizer — and an honors undergraduate student, Jordan Greer.
- Employee Engagement Has Its Limits
- Workplace Diversity Pays: Research Links Diversity with Increased Sales Revenue and Profits, More Customers
- Workplace Psychologists Provide Edge to Business Organizations
- Are CEOs Overpaid?
- Microenterprise Leaders Working to Help Small Businesses Affected by US Financial Crisis
- All Prejudice Isn't Created Equal; Whites Distribute It Unequally to Minorities