Posts Tagged ‘Hispanic business’

Who most embraces ‘American dream’? Hispanics.

Tuesday, August 23rd, 2011

(Christian Science Monitor) Hispanic Americans believe business ownership is the key to harnessing the much- sought-after "American Dream."

More than any other segment of the population, Hispanic Americans view entrepreneurship as a way to pursue the American Dream, take control of their lives and support their families.

That's the finding of new research that reveals about two-thirds of Hispanic business owners (versus only 36 percent of the general business-owning population) said they started their businesses to pursue the dream of bettering their lives and providing for their families.

And these business owners are planning on keeping it in the family. While 54 percent of the general population of business owners plans to pass their businesses on to their children, 70 percent of Hispanic business owners plan to do so.

Full story…

Study: Business, Family Linked for Hispanic Entrepreneurs

Saturday, August 13th, 2011

(Inc. Magazine) For Hispanic entrepreneurs, business and family are closely linked, says new research.

The study, conducted by Massachusetts Mutual Life Insurance Company, was released this week at the Association of Latino Professional in Finance and Accounting convention in California.

It shows family is paramount to Hispanic-owned businesses. Nearly nine in 10 (89 percent) start a business to provide financially for their families, compared to 77 percent of all business owners. More than half (55 percent) start a business to have something tangible to pass on to their children, versus 35 percent of all owners. And 31 percent wanted to provide jobs for other family members, versus 19 percent generally, says the study, titled "The Pursuit of the American Dream: The Fiscal Practices of Today’s Hispanic Business Owners."

"Hispanics have an all-encompassing view of life and success," says the report. "Their extended definition of family includes the community and both are strongly interconnected with their businesses.” (Some 54 percent reported "giving back to the community" as a driver to set up shop, compared to 21 percent of the general population.)

Full story…

Subscribe to RSS feed