The personal finance coaching firm $tand By Me has partnered with the Delaware Hispanic Commission to help empower Latinos in the surrounding community who own their own small businesses.
One of the challenges that new immigrants face can be a language barrier, which can slow down the process of creating successful small businesses for budding entrepreneurs. The partnership between $tand By Me and the Delaware Hispanic Commission aims to remove the barriers associated with starting a small business in a new country, and offers free support and coaching to Hispanic business owners.
The partnership has employed four bilingual coaches with the hopes of employing more, so that the various forms of support given is done so in an environment that is inclusive and without language-related roadblocks.
Entrepreneur Empowerment Programs
$tand By Me Has Partnered with the Delaware Hispanic Commission
Trend Themes
1. Business Coaching for Immigrants - Entrepreneur empowerment programs could focus on providing coaching services for immigrants in order to remove language barriers and increase success rates.
2. Bilingual Coach Employment - Entrepreneur empowerment programs could focus on hiring bilingual coaches to provide more inclusive support to non-native speakers.
3. Networking Opportunities for Immigrants - Entrepreneur empowerment programs could offer opportunities for immigrants to network with other small business owners and build relationships within their local communities.
Industry Implications
1. Personal Finance Coaching - Personal finance coaching firms could expand their services to include coaching for small business owners, with a focus on addressing language barriers.
2. Language Translation Services - Language translation companies could partner with entrepreneur empowerment programs to provide translation services for non-native speakers in the business community.
3. Nonprofit Organizations - Nonprofit organizations focused on immigrant support could partner with entrepreneur empowerment programs to provide comprehensive support services for immigrant entrepreneurs.