Latino entrepreneurs face a unique set of challenges when attempting to grow their businesses--they can suffer from a lack of community support or struggle accessing the right kind of capital. As a way to address these problems, Global Leaders Organization (GLO) joined forces in March in New York City with Microsoft and Pinacde Group's Nina Vaca--to create a new type community for Latino owned businesses. GLO is both a dynamic digital platform for business leaders, as well as, a network of local chapters with face-to-face meetings and events. Qualified entrepreneurs can build business networks, receive support and resources, expand markets and raise capital through a number of GLO communities. Ms. Vaca will be working closely with GLO and other key stakeholders to ensure the effort provides the needed resources, market opportunities and capital needs of Latino entrepreneurs.
The GLO Latino business community will be a major part of the new digital platform, and will include a number of local chapters around the United States. Each community has education, training and peer networking resources available, as well as, a Marketplace, Deal Network and Investment Portals for members. "By becoming a business owner, the average family income of a Latino family goes up nearly 600%." said Michelle Lemmon's-Poscente, Founder and CEO. "With GLO, our entrepreneurs will receive the resources they need to be leaders of our communities."
GLO is also unique in that it brings a number of well-known entrepreneurs and business celebrities to the table to help support and grow Latino businesses. Investor and entrepreneur--Kevin Harrington, best known for his role as the original shark on the TV series Shark Tank and the founder of the infomercial, is joining Ms. Vaca in this overall effort to help scale Latino businesses. He stated in New York, "Access to capital is a critical challenge for all entrepreneurs. GLO's deal network and investment portals will address this critical need in an exciting new way"
In her dosing remarks at the New York launch, Nina Vaca stated, "My best advice to any up-and-coming entrepreneur is to surround yourself with people who truly want to see you succeed. In this day and age, that also means joining the right organizations and using digital platforms that will help you reach the next level. That's exactly what GLO offers--a network of people committed to each other's success."
Global Leaders Organization represents a community breakthrough for business owners and entrepreneurs. Designed for business owners with a minimum of $250,000 of annual revenue, GLO provides a peer platform for networking, expanding markets, and raising capital. Business owners organize into communities by industry, demographic and local city chapters. With an aggressive plan for a global footprint to recognize global marketplace, GLO is committed to meeting the unique challenges of small businesses into today's economy.
Latino business leaders report that raising capital is one of the most challenging aspects to the growth of their business. Traditional barriers that small business owners experience are even more challenging with the lack of familiarity with business banking, private securities, and financing systems. This is why Global Leader's Organization is building a network of investment portals for GLO members to raise capital.
Nina G. Vaca is an award-winning entrepreneur, philanthropist and civic leader. She is best known as the Chairman and CEO of Pinnacle Group, which was named the Fastest-Growing Women-Owned Business in the United States in 2015. Vaca is the Chairman Emeritus of the United States Hispanic Chamber of Commerce (following her service as Chair from 2010-2012), as well as Chairman of the USHCC Foundation. She currently sits on the boards of three publicly-traded companies.
Caption: 01 Nina Vaca, Chairman and CEO of Pinnacle Group; Kevin Harrington, Owner of Harrington Enterprises and Michelle LemmonPoscente, Founder and CEO of Global Leaders Organization
Caption: 02 Nina Vaca; Kevin Harrington, Owner of Harrington Enterprises and Michelle Lemmon-Poscente, Founder and CEO of Global Leaders Organization
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|Date:||Mar 1, 2018|
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