Growth Strategies for Minority Firms

Summary

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"The real message is, the economy is changing so rapidly and the environment is changing so much with technology, the less minority businesses change the more difficulty they will have," says [James Lowry].

"In contrast to past expansions, it is not widely spread in terms of employment and profitability," [Margaret Simms] says. "Because of this, businesspeople need to be more careful about the implications for their own business."

"There has been a big halo effect in owning 100% of a business," Lowry says. "For survival we have to think differently and use other peoples' talents and skills, and that's difficult to do if you've been a 100% owner."

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Growth Strategies for Minority Firms

Report says new strategies are needed to bridge the wealth gap

A prominent African American consultant is spreading the message that minority businesses must move from presence to prominence to be co...

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