Tweet Daily Finance, an AOL website, recently ran an article 3 Top Black Businesspeople Reflect on the Keys to Their Success that asked the highly successful leaders, “What does it takes to ‘make it’ in the business world?” The article, by Barbara Thau, features interviews with (Barbara) B. Smith, the first African American woman to sell a home furnishings line nationwide; Lisa Price, CEO of Carol’s Daughter, an organic skincare and haircare line, and the founder of BET (Black Entertainment Television) Robert Johnson. There are plenty of words of wisdom in the article, from those who know what it’s like to start small and grow. Smith’s mantra was Never Give Up: “I often say that my husband, Dan Gasby, and [...]
Read More »Tweet We’ve all probably frequented a favorite small business, only to see one day they’ve shuttered their doors with little or no notice. There are all kinds of money lessons small business owners can learn through trial and error, business courses or even a mentor. One of them is knowing how much money you need to run the business successfully and whether borrowing money is a good idea for your business. A Washington Post blog Top signs your business should borrow says business owners should answer “Yes” to two questions before they even consider borrowing money: “Is your business actually profitable?” and “Can you easily service the debt?” and includes a formula for calculating your debt-service ratio. The blog says [...]
Read More »Tweet In yet another sign that small business and consumer confidence is slowly – but steadily – growing, 28 percent of small business owners in a recent Wells Fargo/Gallup Poll say they’ll invest more this year in computers, equipment and other capital expenditures. That’s the highest level since 2008, according to the survey. And that’s not just talk, 24 percent of those small business owners have already increased capital spending over the last 12 months. A jump from 19 percent in Oct. 2011, the survey found. That 24 percent level is the highest level of capital spending since April 2008. On the other hand, 35 percent decreased their capitol spending, still a significant drop from 43 percent in October, and [...]
Read More »“I’ve used other services offering to connect you with suppliers, but there never seemed to be many options available and turnaround time was a problem. With ConnXus, I had a great experience.” – Dr. Marcia Irving-Ray, Cincinnati Chapter of Jack & Jill of America
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The ConnXion Point is the blog for connXus.com, an online service connecting small, minority- and woman-owned businesses with companies seeking to hire diverse suppliers.
I'm Rod Robinson, founder and chief connector of connXus.com. I've spent 15 years in the procurement business as a minority business owner, company procurement officer and industry consultant.
The ConnXion Point will focus on issues, events and news about procurement and supplier diversity. So, whether you're purchasing or selling, we'll have information you can use. We also hope to facilitate a healthy, respectful exchange of viewpoints on issues surrounding supplier diversity and procurement.
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