Blog Posts by Mike Periu

  • By: Mike Periú

    ThinkstockphotosThinkstockphotos

    Latino entrepreneurs across the country are for the most part missing out on the opportunity to build and grow large companies quickly. This is because most are missing a key ingredient: capital. And not just any capital, but the most important type of capital there is: "smart money". This refers to investors who are experienced in building companies and can provide expertise, advice industry knowledge and connections to help the entrepreneur avoid critical mistakes and recognize key opportunities.

    According to a recent study by the Center for Venture Research, only 6% of entrepreneurs that ask for capital from angel investors are Latino.  Even worse, just 2% of angel investors are themselves Latino.

    It's a complicated problem with no easy answers.

    Latinos are one of the most entrepreneurial groups in the United States yet they tend to start small "mom and pop" businesses which may at their peak have a handful of employees and provide a decent living standard for the

    Read More »from 5 assumptions Latino entreprenuers should never make when raising money
  • How Latinos can go from online fun to online profits

    By Mike Periu

    Latinos have a reputation for being socially oriented beings. We like parties, spending time with friends and maintaining tight bonds with our extended families. This offline tradition has found the perfect online home in social media applications and smart mobile devices with Internet access. As a community, Latinos are the undisputed champions of what the industry calls "engagement".  This means that we tend to use heavily the social services and features that inexpensive broadband and powerful mobile devices facilitate to connect with others.

    Read More »from How Latinos can go from online fun to online profits
  • Succeeding in business when Papi is the boss

    By Mike Periu

    The American dream for many Latino families is to one day purchase or start a small business. They envision their children, nephews, nieces and other relatives joining the business and taking part in the family effort to succeed in the U.S. When the time comes, the greatest joy is to bequeath that business to the next generation.  It's a beautiful dream but one that often doesn't become reality. According to the Institute for Family-Owned Business, only 40% of family-owned businesses survive to the second generation; 12% make it to the third; and only 3% survive to the fourth generation. Very few entrepreneurs have the privilege of seeing their grandchildren take over the business they started.

    (Photo: Istockphoto)
    Does it have to be this way? Not necessarily.  Many times the issues that destroy a family-owned business aren't business related; they have to do with how relatives perceive one another and treat each other.  These human issues are within the control of the founders and they need

    Read More »from Succeeding in business when Papi is the boss
Loading...

Friend's Activity