Posts Tagged ‘Veteran Business Enterprise’
Overcoming Stereotypes
Overcoming the new MWBE stereotypes in the business community is hard work. Practice transparent diversity yourself – in your work force and supplier base and publicize your commitment to diversity.
Read MoreMaking Supplier Diversity Work
While the number of small and diverse business enterprises is growing dramatically, companies are consolidating their supply chains as they seek to reduce cost and increase revenue. Healthy economies require strong small and MWBE businesses to create jobs, products or deliver services, so it is necessary to encourage the use of these small and MWBE to build reliable, viable supplier relationships .
Read MorePreparing the Personal Net Worth Statement
In many ways, the personal net worth statement is similar to your business’s balance sheet. It is a snap shot of your financial standing at a particular moment in time. It is used by certifiers to help determine social and economic disadvantage.
Read MoreThe VOSB Verification Program
In October of 2010 President Obama signed the Veteran Owned Small Business Verification Act, a law that requires the status of firms to be confirmed as owned and operated by Veterans, Service-Disable Veterans or an eligible surviving spouse; assuring that these business are indeed eligible for VOSB (Veteran Owned Small Business) contract set asides.
Read MoreWhat’s Going On With MWBE Ownership Trends?
Recessions are a natural part of the business cycle. As the proverb says, what goes up must come down. Conversely, opportunities occur during recovery and the eventual upswing of this cycle. Ideally you can position your MWBE business to survive the recession and take advantage of the next recovery.
Read MoreState DBE Procurement
Fascinating to us, as a DMWBE supplier contracting with state governments, was the Insight Center for Community Economic Development’s Survey of State Inclusive Business Programs. … “The purpose of the Insight Center’s state policy scan of inclusive business programs is to promote policies and programs that enhance minority and women business development.” Given that our last two posts talked about the benefits of diversity in procurement and defining diversity, their premise that … “M/WBE development builds intergenerational family assets, aids community reinvestment, creates jobs, adds to the tax base, and links communities of color to the regional economy.” … was music to our ears!
Read MoreDiversity Value Add
Supplier Diversity as a circle of life construct brings value to government and private clients, business communities, job markets and future entrpreneurs.
Read MoreWhat Is Diverse?
Supplier Diversity isn’t just about engaging suppliers based on minority of skin color, ethnicity, origin, gender, sexual orientation, veteran experience or physical disability. It really is about making opportunities available – NOT GUARANTEED – to the broadest base of potentially diverse suppliers.
Read MoreWhat is the CCR?
The CCR web site is a great resource for information about thousands of small US businesses.
Read MoreWhat’s in a word – Governance?
Governance boils down to the language in the governing documents of the diverse business. Review your governing documents BEFORE you apply for a diversity certification!
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