Entrepreneurs and the Holidays!

This is a sponsored post.

All opinions are 100% mine.

'Tis The Season To Get Your Businesses In Order!

Or simply take a vacation and give yourself and your small business time for rejuvenation.  As an entrepreneur myself, I choose to use the holidays as a time of relaxation, reflection, and transformation for anticipation of a new year.  Other entrepreneurs use their down time on professional development by taking refresher online courses.  How ever you choose to use your time I’m sure it will be well spent. 

Whether you are a startup small business or a novice entrepreneur, chances are a new or refresher course is needed to move you to that next level.  Maybe some type of professional development or training would be essential for your success. While spending those hardworking dollars on gifts for others are important, giving your business that extra boost is essential as well.  Some suggested training courses include accounting, marketing, sales, and human resources just to name a few.  All small businesses will need proper accounting of your costs and revenues, so some type of software is required for accurate tracking.  My entrepreneurial venture started back in 2013, but because of my background in accounting I knew proper documentation and record keeping was important.  However, my marketing skills needed some tweaking, but thankfully after taking several professional development courses my life and business got easier.  Some live in person and online training courses are available with a simple Google, Groupon, or basic web search.   

If you are seeking to maximize your time and money, then Groupon offers a variety of great products and services.  One way to reduce expenditures especially around the holidays and still take that well deserved break is through the utilization of Groupon.  This site offers some awesome vacation packages that won't break your bank and still enjoy quality accommodations.  If you are like me and need that getaway, then here is a great vacation I encourage anyone to enjoy.  Maybe you’re like others and prefer to brush up on development skills, then Groupon offers a variety a business courses as well. 

Better yet, just take that very well deserved vacation and get a fresh start on the upcoming new year! 

Happy Holidays!

Business Diversity in the Community: Leveling the Playing Field

Business Diversity in the Community: Leveling the Playing Field: Recently Black Enterprise Magazine posted an article entitled "New Study Delivers ‘Overwhelming Evidence’ of Racial Discrimination in t...

Leveling the Playing Field

Recently Black Enterprise Magazine posted an article entitled "New Study Delivers ‘Overwhelming Evidence’ of Racial Discrimination in the Job Market."  What I found most interesting within this article was "a Chicago-based consulting firm found that 60 partners at law firms rated the same legal brief consistently lower when told the author was black (3.2 out of 5), compared to when they were told the author was white.  Reviewers were also more likely to point out spelling, grammar and technical errors when under the impression the author was black."  My first thoughts were wow this still exists in 2014!  Now lets apply these same statistics to a small business trying to garner business, but instead of it being a legal brief it's a proposal response to a Request for Proposal (RFP).


Small businesses in general are struggling for survival!  In particular, minority and women-owned businesses are struggling, but for a different reason.  These groups have to overcome barriers of economic inclusion in contracting.  In an area where contracting to minority and women-owned business enterprises are low as compared to the overall population establishes a basis for inclusion programs.  Barriers to inclusion can be seen in access to capital, bonding and insurance, and also in contracting.  However, when barriers to inclusion are unfairly added in the selection criteria of a procurement process it makes business impossible to obtain.  Barriers to inclusion can be evidenced in the drafting of RFPs, selection methods, scoring/ranking criteria, and even in the selection committee (staff participating).  Which brings me to the point of this blog post of "Leveling the Playing Field."


A level playing field as defined by Wikipedia Online - is a concept about fairness, not that each player has an equal chance to succeed, but that they all play by the same set of rules.  I was told a few years ago that "you live in fantasy land" and that's partly true in a sense.  That statement from a former colleague still pops up every now and again.  It's true that I believe people will do the right thing in business and life!  Yeah I know that's wishful thinking right?  A foreign concept for many to treat people fairly and not deliberately place barriers in contracting documents.  Yes it's true in 2014 we are still talking about these types of issues, but we can't move past it unless there's recognition.  How do we level the playing field?

The answer...We level the playing field by eliminating barriers to inclusion.  A good start to eliminating those barriers to inclusion is by being fair and impartial in your procurement practices.  Secondly establish programs that specifically address these issues that minority and women-owned small businesses face.  A third way is to accurately establish goals for not only construction contracting, but also professional services.  Finally, establish specific programs that include management & training for small business concerns.

That's just my take on it......Lets make Leveling the Playing not only a catch phrase, but a reality.   

Brenda Brown is the Business Development Director of Patterson-Brown & Associates.  She is a small business advocate with a passion for diversity & inclusion.  Ms. Brown can be reached at (706) 834-4207 or email bbrown@pba-diversity.com.  You can also find them on the web at www.pba-diversity.com.
 
Please read the article from Black Enterprise Magazine here.

Why Your Small Business Should Be Located In a HubZone?

A few months back a good friend tasked me with writing a blog on Historically Underutilized Business Zones (HUBZones).  Needless to say I didn't write the article, not because there was not a need, but I just didn't know enough about it.  After researching, meeting with federal contracting officers, and plain ole (yes I said that) watching SBA's website here's the blog my friend. 

As small business owners we are constantly thinking about how we can grow (at least I am) and increase our sales. An often neglected and also valuable tool that qualified business owners disregard is not obtaining their small business certifications. Opportunities in those programs are endless especially in the 8(a) program. However, "The Benefits of Certifications" is saved for another blog. This blog is designated to one certification in particular which is the HUBZone Program. I know you are saying so get to the point....

HUBZones

As defined by the Small Business Administration is a program to encourage economic development in historically underutilized business zones through the establishment of preferences.

SBA's HUBZone Program is an effort to promote economic development and employment growth in distressed areas by providing access to more federal contracting opportunities.

Those qualified small businesses located in HUBZones have access to federal contracting assistance which will also

• Increase employment opportunities
• Stimulate capital investment in those areas
• Empower communities through economic leveraging and reinvestment within the community of wages and taxes

Now in order to be qualified as a HUBZone Small Business your company must meet the following criteria:

• Be a Small Business
• Be 51% owned and controlled only by U.S. citizens
• Have the “principal office” located in a HUBZone
• Have at least 35% of the company’s employees residing in a HUBZone (doesn’t have to be the same HUBZone as the company’s principal office)
• Be certified by the U.S. Small Business Administration

That's it! Simple right? Now go and see if your business qualifies for this program. For additional information on the HUBZone Certification Program please visit SBA's website at www.sba.gov. 

Ms. Brenda Brown is President/CEO of Patterson-Brown & Associates.  She can be reached at (706) 834-4207 or bbrown@pba-diversity.com.

Patterson-Brown & Associates is a woman-owned small business which provides program management, marketing & strategic communications, staff augmentation, and professional services to governmental and private entities.  Find them on the web at www.pba-diversity.com.

Business Diversity in the Community

Business Diversity in the Community

With recent passage of the Transportation Special Purpose Local Option Sales Tax (TSPLOST) in the 13 county region around Augusta it is vitally important that our tax dollars being spent be representative of the community.  Of those 13 counties 7 having a minority population of over 51% (constitutes the majority).  Fifty-Nine percent (59%) of Richmond County’s residents alone are minority which means a significant amount of TAX dollars will come from this community (US Census Bureau Quick Facts 2013).  Over a 10 year period $841 million will be collected and fund projects which will include airports, highways, bridges and public transits.  This increase in construction equates to economic growth and not to mention jobs in the community.  Now you may ask how does this information tie back to business diversity?

    

Business Diversity also known as Supplier Diversity in short is the inclusion of minorities and women in contracting/procurement opportunities.  The purpose of these programs is to provide equal access to opportunities for qualified businesses that might not have been given a chance otherwise.  Business Diversity Programs can be seen in governments most times as a federal, state, or local requirement because of funding received.  Some major corporations also have supplier diversity programs as part of their social responsibility to consumers and recognition of a diverse community.  To answer your question of how this ties back to the community?

If over 51% of your community is minority and contributing major tax dollars to the region it is only fair to take in consideration the needs of the community.  Business Diversity is a mechanism for social responsibility in the community which in essence takes in consideration the community’s needs.  The utilization of minority and woman owned businesses directly impacts those in the community surrounding a particular business.  By diversifying contracting/procurement activity agencies begin to break down barriers to inclusion.  Jobs near that business are created because services have increased which necessitates more people to work.  Products are being bought and produced to keep up with the demand.  The more demand for products and services the more people required which means the more jobs being created in the community.   

How is Business Diversity working in your community?  Let us help!

Patterson-Brown & Associates is in the business of building, bridging, and sustaining relationships between small, minority, and woman owned businesses and connecting them with governmental entities and large corporations. 

Patterson-Brown & Associates is a business diversity consulting firm with specializations in contract compliance and business diversity strategies.  Brenda Brown is Principal & Business Development Director at Patterson-Brown & Associates.  She can be reached at (706) 834-4207 or bbrown@pba-diversity.com and www.pba-diversity.com.