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Reading (& Writing) Excerpts

In the last month, we’ve come across a variety of articles that seem to touch on topics of importance for SDMWVLGBTBEs (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprise) owners.  The first that sparked a gut reaction was about generational wealth. The Founders of Color believe, “If wealth inequity is …

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Help! I don’t have that document.

The certification process is co-dependent. The business itself is being certified as being capable to provide its products and/or services. The business is being certified as being at least 51% owned, operated and controlled by a diverse individual(s) who possesses the knowledge and skill to run the business applying for certification. This is why certifiers require supporting documentation …

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Mandated Spend – What’s That Mean?

SDMWVLGBTBEs (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprise) hear a lot about mandated diversity goals. But that word, mandate, can be used in multiple ways. A large corporation may have its own internal mandates that are not relevant to any specific job or project.  These mandates, or goals, exist …

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Navigating NAICS

NAICS (the North American Industry Classification System) codes, pronounced “NAKES” can have a profound impact on SDMWVLGBTBEs (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprises) for a bunch of reasons. NAICS is a shorthand description of your business’s good and services used by many of the US certifying agencies. …

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Practicing Patience

So we’re all entrepreneurs here, right? SDMWVLGBTBE (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprise) owner(s), certified or on the path to certification or interested in the topic. We write and talk about supplier diversity professionals and certifying organizations, but it occurs to us that we haven’t talked much about the …

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Thoughts About Roots

We’ve talked about how Supplier Diversity has its roots in Civil Rights and Affirmative Action legislation before.  Long story short, President Johnson amended President Kennedy’s E.O. 11246, which established the Office of Federal Contract Compliance. This required companies with federal contracts to make good-faith efforts to expand employment opportunities for both women and minorities. Once …

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What’s Being Certified?

We get asked this question frequently: I’m selling my business (or buying one). Is the diversity certification transferable? There is no short yes or no answer, the reality is that it depends on the type of certification held and who is  purchasing the business. What’s actually being certified? The certification process is two-fold. 1) The business …

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Best Practices

In the world of supplier diversity literature, best practices are defined and expressed by the professionals in corporations and government agencies. SDMWVLGBTBE (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprise) owners are often unaware of the challenges facing supplier diversity organizations. We’ve written about The Inclusion Dividend: Why Investing …

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Golden Tickets

We hear stories from SDMWVLGBTBE (Small Disadvantaged or Disabled, Minority, Women, Veteran, Lesbian, Gay, Bisexual or Transgendered Business Enterprise) owners about how a client told him or her to get a diversity certification. And, while we’re perfectly happy to work with those owners, there are a few thoughts we like to share. Because we’re certification neutral, we …

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