Access to capital is consistently one of the most pressing issues for small business owners. A recent survey conducted by Greenberg Quinlan Rosner Research for Small Business Majority found California small business owners are worried about predatory lending and agree that there should be stronger regulations on online lending. The poll was a national online survey of 500 small business owners with an oversample of 141 California small business owners and conducted between September 29 and October 4, 2017.
On July 24, Small Business Majority launched its new Women’s Entrepreneurship Program in Los Angeles, a special initiative offering tools and resources for female entrepreneurs to succeed. Women—especially women of color—are one of the fastest-growing segments of our economy, but they continue to be at a disadvantage in critical business indicators. The Women’s Entrepreneurship Program will help local women entrepreneurs gain the resources they need to start and grow their companies. Read on for a recap of our program kick off to learn more about the program.
Small Business Majority recently participated in the 2018 POSiBLE L.A. Entrepreneur Summit, a curated bilingual event dedicated to Angelino entrepreneurs and sponsored by Univision. California Deputy Director and National Hispanic Outreach Manager Xiomara Peña moderated a panel entitled, “La receta del éxito para restaurants” or “The recipe to success in the restaurants industry." This panel explored how business owners in the restaurant industry can secure financing and thrive. The interactive dialogue provided a wealth of knowledge about starting a business in the local restaurant industry. Read on for a recap of this event and to learn more about launching a successful restaurant business.
Armed with a cosmetology license, two bachelor’s degrees and a love for organic hair care, Mariatu “Tu” Browne is on a mission to unlock the natural beauty of every client she encounters. She discovered her passion for hair at the early age of nine while braiding hair for her friends and family in her native home in Sierra Leone.
A few years ago, Rachel Bernier-Green was looking for an outlet from the stress of her intense job at a multinational accounting firm and discovered a passion for baking. It didn’t take long before friends and family were encouraging her to sell her baked goods to the masses. Rachel founded ‘Laine’s Bake Shop, LLC in 2013 using a shared kitchen space, working on the side to get her business off the ground. After a few years of baking part-time, Rachel decided to finally quit her job and start a bake shop full-time with her husband Jaryd.
April is often associated with spring cleaning and reorganizing, which means you finally made the time go through that overflowing junk drawer or to organize last year’s financial statements for the tax filing deadline. But when it comes to your finances, you can use this time to do more than just file your tax return documents thanks to the resources provided as part of National Financial Literacy Month.
Small business owners are strongly opposed to the FCC’s recent move to repeal rules enforcing net neutrality, according to recent scientific opinion polling. Specifically, the poll found that 56% of small business owners oppose the repeal of the rules, with nearly 4 in 10 (39%) strongly opposed.
If not for his love of music, Lloyd Smith wouldn’t have a successful business selling neuroscience research equipment.
Small Business Majority submitted a letter to the California Assembly in support of California's Homemade Food Operartions Act (AB 626), which will help legitimize and create a legal framework for microenterprise home kitchen operations in the state. It will improve public health safeguards around the existing informal food economy by legalizing small-scale home food operations and ensuring health and safety standards. Finally, the bill will enable home cooks—mostly women, immigrants, and people of color—to use their skills to generate income.
Mark Herbert, California Director for Small Business Majority, submitted a letter in support of the California Prompt Payment bill (AB 1552), which would require all public utilities to promptly pay vendors that submit valid invoices. Prompt payment measures such as this will help small businesses compete more effectively in bidding processes for contracts. The bill requires that public utilities will be required to pay vendor invoices within 30 days.