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Minority Businesses Multiply But Still Lag Whites

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REO Property Preservation Jun 28, 2012 2:07 PM GMT It is the other way around, I owned small business doing REO property preservation, repair for bank-owned foreclose home in Southeastern Michigan - it's very difficult to get on boar/hire by Banks, Asset Manager etc... I've been filling out vendor application after vendor application with all these company with no luck - Did you know why? because I'm a minority woman-owned business:(!PLEASE PLEASE PEOPLE - DON'T JUDGE THE BOOK BY IT COVER.All right! you want me to name A FEW company - CoreLogic, LPS ServiceS, Safeguard Properties, FAS, MCS360, Spectrum Field Services, Cityside Management Corp., MCB REO, NFR - to be continue! Thanks
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khalid Aug 27, 2010 4:29 AM GMT yes, in fact small business faced a lots of problemes such as finance ,marketing, management and so, but the financing IS the most problem hinder small business owners to run business
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Jeff Aug 6, 2010 8:31 AM GMT @Rebecca Michelle PanitchIt does not make whites superior because they are doing better in a white centric country. Are whites doing better than the Chinese in China? No? Oh, that must be because the Chinese are superior then.And I do hope you're not white yourself, your foul logic is reason enough to dismiss your gene pool.
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Berry Gordy Jul 23, 2010 10:52 PM GMT The reason for the "jump in black business ownership" is because the Black unemployment rate hovering around 16% vs. 8% for whites. Blacks are simply trying to find a way to generate income. However, it is NOT the number and/rate at which black businesses are starting up, it is the average annual revenue in generated in the first 3-critical years of existence. Equally import is their businesses' debt to equity ratio that is actualized at the end of the next 3 years. Hence, how many of the same businesses are in existence after 6 years and what is their sustained growth rate and their equity value. Those are the only important statistics that are meaningful. And what annual revenue and debt to equity statistics show is that most black businesses are dying on the vine because they do not have the same insiders' access as do their Good-Old-Boy counterparts."Access"is the life-water for a business... access to capital, access to lucurative contracts, access to critical market information, access to the decision makers, access to lobbyist, access to politicans.
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Haksing Jul 23, 2010 10:28 AM GMT Chill guys. Better than nothing.On another note Business week seems to be putting out a lot of sub-standard stuff lately.
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Rebecca Michelle Panitch Jul 21, 2010 11:47 PM GMT If the point is to prove that whites are far more superior than non-whites because they are better at pimping the masses for their intellectual and other property then you've done a wonderful job of stating the obvious without being obvious. Otherwise, what is your point John Tozzi? Readers are suppose to run out and do what differently?
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Rajeev Jul 21, 2010 5:56 PM GMT Article is useless without looking at percent of minorities in the larger population.
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aaron Jul 20, 2010 3:21 PM GMT what a racist article.
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Richard David Jul 20, 2010 10:22 AM GMT It is not easy for any small business owner to succeed. My parents started their business in 1958 and with faith and trust in themselves, they became very successful. They did everything the old fashion way.
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Luda Jul 19, 2010 2:20 PM GMT I completely agree with Volta, most minorities rather build a small business in the home country, they know their legal system, political system and most of the time is managed by families, hopefully the numbers change in the future.
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