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SCORE is committed to helping all entrepreneurs succeed.
Hispanic-owned small businesses have grown 34% and contributed $500B to the U.S. economy over the last 10 years -- and show no signs of slowing down. Even with the growth and accelerating impact, Hispanic business owners face very real challenges.
Over the past 10 years in the U.S., the number of Latino business owners grew 34%, compared to all business owner group of just 1%.
Source: The International Society of Logistics
Hispanic-owned businesses remain smaller than white-owned firms, earning only $1.2M in revenue compared to $2.3M brought in by white-owned businesses.
Source: The International Society of Logistics
Among the universe of Hispanic business-owners, only 16% convert their businesses from a self-employed business to an employer-based business. Non-Hispanics, however, have a conversion rate of 36%.
Source: Stanford Business 2018 Research Report
Among those that attempted to receive growth funding from a financial institution, 6.2% of Latino employer firms did not receive the requested funds, compared to 3.1% for non-minority-owned firms.
Source: Stanford Business 2017 Research Report
GET FREE BUSINESS ADVICE From Experienced Mentors
Mentors can:
- Provide expertise & practical "know-how"
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- Become your trusted small business advisor
- And more!
Mentors are available to participate in remote mentoring sessions via phone, email, and video.
Hispanic Entrepreneurs Who Turned to SCORE as a Partner in Their Success
With SCORE by your side, you don't have to go it alone. SCORE has helped countless Hispanic entrepreneurs find success in their small businesses. See how SCORE has helped some of the small business owners start and grow their small businesses. Yours could be the next success story!
Bigmedia Miami
Alfonso Lasprilla dug on his knowledge of the Hispanic community and their needs to build and grow BigMedia.
Arturo's Mexican Restaurant
Arturo Guillen runs Arturo’s Mexican restaurant and turned to SCORE to understand his financial records and find work-life balance.
Jackie's Empanadas On the Go
Jackie Mendive dug into her Argentinian roots to build Empanadas on the Go, frozen, homemade empanadas for busy people.
Infinity Technology Consultants
Eric Sanchez grew his company from a computer repair business to a full IT management company.
Elderberry Elixer
Despite encountering barriers due to the pandemic, Leny Fralicker continued to grow her Elderberry syrup business.
Molli Sauces
Leticia and Rodrigo Salas built Molli sauces so that home cooks everywhere could serve and experience authentic Mexican flavors in their kitchens.
Resources for Hispanic Entrepreneurs
Check out resources created especially for Hispanic business owners.
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Four Great Thanksgiving Small Business Marketing Ideas
Marketing Consulting Austin - The month of November is one that's always huge for those who own small businesses thanks to holidays such as Black Friday, Small Business Saturday, and, of course, Thanksgiving. Since there's so much taking place within this short amount of time, you essentially need to pick and choose which forms of seasonal marketing you will want to tackle, and not surprisingly, Thanksgiving is the most common one that is underused.
Modelo de Plan de Negocio para un “Startup"
Un plan de negocio de Startup sirve para varios propósitos. Leer más
Starting Out Right: Building Business Credit
Building and maintaining business credit is vital to the long-term health of your small business. Learn how in this blog.
Lanza de manera correcta: Construye tu crédito empresarial
El crédito que tenga tu empresa es una de las herramientas más importantes en tu arsenal como emprendedor.
8 Professional Networks for Latina Professionals or Entrepreneurs
From the Hispanic Alliance for Career Advancement to the Association of Latino Professionals for America, find the professional networks for your growth.
SCORE’s and Others’ Educational Resources for Entrepreneurs and Business Owners
SCORE and other organizations have small business resources created with Hispanic entrepreneurs in mind.
Los recursos educativos de SCORE y otros para empresarios y duenos de negocios
Los emprendedores de hoy enfrentan más competencia que nunca. Los recursos de SCORE le dan a tu empresa una verdadera ventaja competitiva.
State of Hispanic-Owned Businesses
Hispanic Businesses are growing at an astonishing rate. Discover more about the state of Hispanic-Owned businesses.
Retos que la mujer hispana enfrenta al lanzar un negocio y cómo sobrellevarlos
Las mujeres están abandonando sus lugares de trabajo y han comenzado negocios a un ritmo exponencial.
Challenges that Hispanic Women Face When Starting Up, and How to Overcome Them
Women, especially Hispanic women, face a certain set of challenges when it comes to opening a small business.
8 Ways To Support Hispanic-Owned Businesses
To help you with ideas to advocate for Hispanic-owned businesses, we asked business professionals and executives this question for their best suggestions.
Starting Up with the Right Business Structure
Choosing your business structure is particularly important for Hispanic entrepreneurs and business owners.