In Minority Business Success, authors Leonard Greenhalgh and James Lowry chart a path for the full participation of minority businesses in the U.S. economy. Today, minorities are well on their way to becoming the majority of our workforce and a large part of our entrepreneurial endeavors; their full contribution is essential to national competitive advantage in a global economy. The beginning of this book summarizes demographic changes in America and shows why it's in the national interest to foster the survival, prosperity, and growth of minority-owned businesses. The authors outline why these businesses are vital to the solution to our current economic woes. Next, the book turns to what minority firms must do to take their place in major value chains, and, finally, the book examines what governments, corporations, and support organizations ought to be doing to foster minority inclusion. In total, Greenhalgh and Lowry lay out a new paradigm for developing minority businesses so that they can fully contribute to our national competitive advantage and prosperity.Financial data, business plans, and credit history are all inputs the loan officer will look at, but the decision is ultimately ... The bank has some hope of getting at least some of its money back if it holds collateral. ... can take out a second mortgage, pledge retirement funds, or get well-to-do family members to guarantee loans.
|Title||:||Minority Business Success|
|Author||:||Leonard Greenhalgh, James Lowry|
|Publisher||:||Stanford University Press - 2011-02-28|