Changing the Face of Entrepreneurship for Over 30 Years

Featured In This Issue

Cover Story
Different Drummers
Global Connections
MBEs Who Rock! 2017

Many startup businesses struggle to survive their first two years. Lack of adequate cash reserves, changes in the marketplace, growing too fast without a sustainable infrastructure, and the failure to price products or services accurately can all doom a business before it has an opportunity to launch completely. According to the U.S. Small Business Administration, one-third of new businesses fail within the first two years, and only half survive at least five years. Kenny Loyd and Paul Mitchell, co-founders of South Coast Paper, a paper converting, sales, and marketing company, are very familiar with the travails of a startup company.

When Loyd and Mitchell started South Coast, they made a major investment in a piece of machinery believing that one of their customers would fulfill 70 percent of the equipment’s time. Unfortunately, things didn’t work out as they had hoped

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Toni Ford and some of her friends have stories to tell, and they want to share them with you. Actually, she wants you to tell some of your stories, too. And she wants to do so from the comfort of her porch while sipping on a glass of iced tea or lemonade. But you won’t find her porch at her house, because it travels to festivals and events in the Washington, D.C. area.

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I recently spent a lively afternoon with a mix of business owners, corporations, and organizational leaders, learning about the origin and impact of a dynamic committee at work in Las Vegas, NV. The Diversity Committee of the Nevada Contractors Association (NCA) began as a need, not a want, to help business owners, program managers, and prime contractors meet recurring contractual requirements for inclusionary commitments

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Last year, we spoke with Mayank Shah, founder and CEO of MSDUK, about the formation of the the Global Supplier Diversity Alliance (GSDA), a global supplier diversity community designed to create opportunities for minority-owned businesses to grow and expand globally. The GSDA is comprised of supplier diversity advocacy organizations in Australia, Canada, China, South Africa and the UK. The international partners are Supply Nation, the Canadian Aboriginal and Minority Supplier Council (CAMSC), Minority Supplier Development China (MSDChina), the South African Supplier Development Council (SASDC), and Minority Supplier Development UK (MSDUK) who, combined, represent over 30,000 minority-owned businesses, 3,000 corporations and 24 regional partners. We recently sat down with Shah, again, to discuss the progress the organization made in the past year.

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The third annual “MBEs Who Rock!” contest came to a close on October 21, 2017 prior to the National Minority Supplier Diversity Council (NMSDC) National Conference in Detroit, Michigan.

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image Different Drummers
image D&I
image Global Connections
image MBEs Who Rock! 2017

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Although this is our Black History Month issue, sexual harassment has featured so prominently in the news and my thoughts lately, I could not ignore the pull to weigh in on the subject. So, I enlisted a couple of voices from among my colleagues. Evelyn Olson Lamden and Audrey Dempsey recently shared with me their thoughts about the current #MeToo movement.






TCGi Selected to Genpact Partner Plus Program

Technology Concepts Group International (TCGi) was named a partner for the launch of the GenpactPartner Plus program. Genpact is a global professional services company focused on delivering digital transformation.

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RSquare Media, Ferreira Construction Company, Con Edison and The Metropolitan Transportation Authority were honored by the National Minority Business Council (NMBC) during the organization’s 45th Anniversary Celebration and Reception and Awards Program at Con Edison Corporate Headquarters in New York City in October.

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Conference Round Up

At a black-tie Gala wrapping up its annual Conference and Business Opportunity Exchange, held in Detroit, October 23-25, the National Minority Supplier Development Council (NMSDC) honored member corporations and minority business enterprises (MBEs) for their contributions to NMSDC’s goals in advancing business opportunities for minority-owned companies of all sizes. The organization also named the 50 year old ChicagoMSDC as Regional Council of the Year

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Master Your Brand

From a new administration to mass violence, many of us were busy watching the headlines in 2017. The national and global challenges our country faced carry with them long-term, if not permanent, consequences for our children’s children.

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