Alignable: 53% Of Minority-Owned SMBs Can't Pay June Rent (Up 8%)
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Why is business owner race the reason for failure. I have never gotten assistance or help with my businesses. Bank wanted my money before they give me a loan so I never took a loan. I couldn’t afford a building or space so I went without till I could. I couldn’t afford everything else so I started small and worked 7 days a week 12-18 hr days and still do. I didn’t get here or am successful because I was given aid or my race or gender. I am successful because I did without many things and understood that If I wanted to live I was going to work.
For those that were around in the 1970s you remember $2.15 min hr wages…. When they raised that what happened? When Gov raised it countless time what happened ? When Gov made affordable health I loss my Ins because I can’t afford the affordable care act that killed so means carriers and took rates sky high (pre Obama Health Ins $400 month fir 2 healthy adults now after Obama $1400 for 1 healthy adult is not affordable by anyone).
Again race is not a factor except for the mind set that if minorities fail it’s because Race or some inequality. Education is free through HS but that still hasn’t help people learn or be successful. Gov give free money, free cell phone and free/reduced housing and food still hasn’t help people be be accountable, responsible, law abiding, or productive people. If you don’t make good choices and learn how to be successful your race or gender will not be the reason. I made my way and only I can continue to be successful by working smart and working a lot.
There is no substitute for honest hard work and taking your education plus life experience and making yourself better. YOU are not defined by your race or gender if YOU don’t allow it to be your focus or your reason for failing. We all fail but some of us get back up, learn from your errors and move forward in a positive direction.
Alan. Agree 100% I do the same thing. And proud of it. Thank you for sharing and bringing forth reality
Well said. We are all having to do everything we can to stay afloat. Work hard but even more - work smart! Sean
Hi all, EVERYONE who has a successful business got it through hard work, perseverance, committed actions, and pivoting among other things. That doesn't negate the fact that redlining still occurs today, that discrimination still occurs today, and that disparate treatment in all manner of things regarding people of color still occurs today. I, as a person of color, am successful in spite of these things. Other minority-owned businesses with which I am familiar, also are successful in spite of these things. These statistics are not to suggest that people of color are not hard workers or are looking for a handout. To suggest otherwise is to perpetuate the things that you say you're tired of. Statistics don't reflect one's particular status or make a statement about the level of hard work in which one engages to create the level of success desired for one's business. @Alan, a business owners race is NOT a reason for failure but it IS a reason for disparate treatment. When minority-owned businesses, including women-owned businesses of all races and ethnicities succeed, they do so in spite of the additional obstacles placed in their path. My view? EVERYONE works hard to succeed in the business of their choice. Some of us just have a steeper hill to climb whether it be race, ethnicity, religion, education, economic status, a combination thereof, etc. I celebrate everyone who has taken the leap of faith to start and succeed in business. I am fortunate to have forged relationships with business owners of all sizes, colors/ethnicities and political affiliations, who I can go to for advice, support and partnerships on specific projects that come up. My prayer is that all of us come out of this recent pandemic experience the better for it. Some of us for a number of reasons, just will have a steeper hill to climb. Thanks!