Business Coach | Grow Your Business

Poverty & Wealth in the Latino Community

How can we fight poverty and increase wealth in the Latino community?

According to Pew Hispanic, there were 55.3 million Hispanics in the United States in 2014, and about 23% of them live in Poverty/Government Assistance/Health Care.

As the Latino Community continues to grow, I believe that we have the moral responsibility to take a leadership role in the communities that we live. We have to start investing more in our personal development to become an asset to society and not a burden.

The State of Latino Entrepreneurship 2015 report revealed that between 2007 and 2012, the number of LOBs grew by 46.9 percent compared to just 0.7 percent for non-Latino owned businesses, an extraordinary level of entrepreneurship that suggests Latinos play a substantial role in local job creation and economic development. It’s top priority to make sure that those businesses are not underperforming in the marketplace.

When small businesses underperform, they have an adverse impact on the growth and development of the local economy.

In summary, we can become wealthier personally and professionally if we invest in our personal growth. The more educated we are, the better chances we have to provide bigger and better opportunities to our loved ones.

Get out of your comfort zone. Time to represent at the highest levels.

Cheers to your success!

Leave a Comment

Your email address will not be published. Required fields are marked *