1:18 pm By Jennifer Woodard Maderazo · business| race · Comments Off
30 Mar 2006
According to a Florida International University study, Latinos and blacks are more likely to be entrepreneurs than the rest of the population. From Black Enterprise:
According to Entrepreneurship in the U.S., a report by Florida International University, blacks are more inclined than whites of the same gender or educational background to start a business. Among blacks, those with college degrees or graduate experience are most likely to be involved in a business startup.The dramatically higher entrepreneurial tendency is true only for startup businesses, those with no payroll history for more than three months. For new businesses, those running three to 42 months, degreed blacks and Hispanics have a smaller lead in probability of business participation over their white peers. For established firms, those operating more than 42 months, degreed blacks and Hispanics have similar or lower probabilities of participation than their white peers.
The article also suggests that the corporate “glass ceiling” may be a source of frustration for black and Latino business people, compelling them to start their own business endeavors.
Via / Black Enterprise
9:41 am By Maegan La Mala · Entrepreneurs · Comments Off
20 Oct 2005
This month’s Entrepreneur magazine reports on the best cities to start your company in, across large, mid-size, and small cities.
#1 Large City: Phoenix, AZ
Phoenix earns the top spot due to its high percentage of start-ups in the past year, real estate prices in the area, and community services to help entrepreneurs get started.
But that doesn’t mean that Phoenix doesn’t have its challenges. Maricopa County had the largest population increase in 2003-2004, as compared to all other counties across the US. The city is also implementing a light-rail project which is a multi-year project that will disrupt multiple parts of the city during its construction.
#1 Mid-Sized City: El Paso, TX
Ranking near the top in start-ups and growth, El Paso beat out other cities by its high scores across the board. Because of its location, El Paso is more closely tied in business and in life to Ciudad Juarez, Mexico, that to other cities in Texas. This location gives El Paso good business with the maquiladoras in Juarez and over $3.4 billion a year in spending from Mexican tourists. Additionally Fort Bliss nearby provides work in government contracts, currently about 16% of El Paso’s economy.
City of Phoenix, Arizona
City of El Paso, Texas
Via / Entrepreneur.com: Best Cities for Entrepreneurs
Arizona State Guide to Doing Business
Texas State Guide to Doing Business
7:55 am By Maegan La Mala · Entrepreneurs| Food · 1 Comment
17 Oct 2005
Note to readers: I’d love to make “Entrepreneur Focus” a regular topic. If you know of an entrepreneur, brand, or product that you would like us to interview, please contact us.
Palapa Azul was recently featured in Fortune Small Business, and I was frankly quite inspired. What they call “Mexican-style premium frozen treats”, their most popular product is “la paleta”, a popsicle.
Hoping to create a high quality, authentic product, the two owners still needed to find a way to do research on a budget. So as they were trying to decide on names and flavors, they hit the streets and did the market research themselves.
They were able to find out trends related to things such as culture:
As the weeks went by, we noticed patterns. Asian palates seemed to prefer tart flavors such as plum and kiwi, while pineapple sold particularly well in African-American areas.
And gender (read this, it cracked me up and I’ll tell you why):
More interesting, we noticed a gender difference: We could offer two dozen flavors, and still most men would want strawberry. Women, however, were much more adventurous and willing to try new flavors. Women would say, “You have mango-chile? Interesting! I’d like to try that.” Men would say, “You have mango-chile. Interesting! I’d like strawberry.”
(So why did that last line make me laugh? I decided to ask my husband while I was reading the article: “What’s your favorite flavor of paleta?”…his reply: “Strawberry”. I guess their market research worked!)
Now being sold in such stores as Whole Foods and Costco, the Palapa Azul products are on the market…and the owners did it all by themselves. Check out the article below to read their whole story.
Via / Fortune Small Business
VivirLatino is a daily publication published by 2 Mujeres Media, dedicated to featuring all the latest politics, culture, entertainment of interest to the diverse and influential Latino and Latina community in the U.S.
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