Washington, May 7, 2024 /PRNewswire/ — Nearly 3 million businesses US They are owned by Asian American, Native Hawaiian, and Pacific Islander (AANHPI) entrepreneurs, according to the U.S. Small Business Administration (SBA). Scorean SBA resource partner, is dedicated to helping AANHPI entrepreneurs achieve their business goals and provides free mentorship, training, and resources for small businesses in all 50 states and U.S. territories.
From idea to reality
According to the Pew Research Center, 30 percent of Asian Americans say owning a business is important to their American Dream. Nationwide, Americans are starting new businesses at record rates. According to US Census data, 5.5 million small business applications were filed in 2023 alone. For new AANHPI entrepreneurs looking to build a successful small business, the road can be rocky without support.
Gavin Escoler, owner of Chaga Company San Franciscowas inspired to start his business after discovering the superfood power of chaga mushrooms while traveling. His goal was to source high-quality chaga and create antioxidant-rich snacks and drinks.Connection between escolar and SCORE mentors pete slosberg For guidance. Slosberg, a serial entrepreneur and founder of Pete's Wicked Ale, shared his expertise as a SCORE volunteer to help Escolar navigate the challenges of financing, distribution, business expansion, and growth. “SCORE has allowed me to anticipate obstacles that I could not have anticipated before having great mentors guiding me every step of the way,” says Escolar. “They have great talent that can help with business solutions.”
The value of a supporting network
Sunitta Hedao He is the owner of Kora Journeys, a high-end luxury travel company based in . houston. In establishing his business, Hedaoo sought guidance from his mentor in his SCORE business. “Talking to my mentors about digital marketing, positioning and understanding the competition helped me spread my wings,” says Hedaoo. “And that's all part of my success, because I can't be successful alone without a team.”
The advice of an experienced mentor can be invaluable to small business owners. Small business owners can take what they've learned and put it to use by helping other entrepreneurs succeed.
score mentor Uyen P. Tran She credits her network with helping her succeed in business. “As a female entrepreneur in Asia, I know that I would not be where I am today without the support and guidance of amazing mentors,” said Tran. “Thanks to someone shining a light on the challenge of starting your own business and doing it the right way, I was able to follow my dreams and do what I love. The Cards Life Handed Me I want to be able to do that for other people who are facing some challenges because of this.”
Whether you're just starting out with your business plan or have been running your company for years, SCORE's mentors are ready to help you with any challenges you may be facing. Find a mentor today or volunteer to be one. score.org.
About the score:
Since 1964, SCORE has helped more than 17 million entrepreneurs successfully launch, grow, or close their businesses. SCORE's 10,000 volunteers provide free expert guidance, resources and education in all 50 states. Visit SCORE www.score.org.
Funded [in part] Through a cooperative agreement with the U.S. Small Business Administration.
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source:
https://www.sba.gov/about-sba/organization/observances/asian-american-native-hawaiian-pacific-islander-heritage-month
https://www.pewresearch.org/short-reads/2024/04/22/a-look-at-small-businesses-in-the-us/
https://www.sba.gov/article/2024/01/11/new-business-applications-reach-record-16-million-under-biden-harris-administration
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