ìfj) Minority & Small Business Week Page 8 Tips to Improve Your Business Advertise with diversity in Portland Observer Call 503-288-0033 ads@portlandobserver.com Look for innovation, improving brand EMMANUEL Church of God in Christ United 4800 NE 30th Ave. Port­ land OR 97211 Businesses that focus on inno­ vation and improvement are more likely to survive— and thrive— in today's economy. "When times are tough, some businesses freeze up," said Robert W.G. Andrew, chief executive officer of the Better Business Bureau serv­ ing Alaska, Oregon and Western Washington. "However, now is the time to be competitive, get their name out there and improve their brand." BBB offers guidance on how to improve your business: Build trust. Establish and main­ tain a positive track record in the 503-335-8772 You are cordially invited to worship with us in these services: Sunday Service Sunday School 1():(X)A.M Y.P.C.E. 6:30 P.M October 6, 2010 Pastor & Wife - Bishop & Mrs. A.L. Wright Worship Service 12:00 Noon Evangelistic Service 7:(X) P.M. Weekday Service Tuesday Night: Bible Study 7:00 P.M. Friday Night: Regular Service 7:30 P.M. Prayer Meeting & Seminar: Monday - Friday 12:00 marketplace. BBB encourages ethi­ cal business practices through BBB's Standards of Trust. Create an experience. Hire the right staff and empower employees to carry out your company mission. Encourage internal and external feedback. Focus on custom er service. Strengthen policies concerning guarantees, exchanges, refunds and other forms of customer care. De­ fine customer service values, and then train employees on how to handle various scenarios. Customer service doesn't stop at the point-of- sale; it should be an ongoing effort to ensure satisfaction— which in­ evitably generates repeat business. Think creatively. Delight custom­ ers with special incentives, dis­ counts, coupons, rewards cards or loyalty benefits programs. Get involved. Giving back to the community builds good values and can improve your business' image. Reach out to Rotary Clubs, Kiwanis Clubs and other service organiza­ tions. Participate or volunteer at goodwill events and fundraisers. Form partnerships and network. Explore relationships with Better Business Bureau, Cham bers of Commerce and other professional business associations. Develop an online presence. Stay involved and converse with your customers. Businesses can use the Web to connect with current con­ tacts and reach out to new ones. Businesses of all types can benefit from having a website and many social networking sites offer free account profiles. Minority Business Up 46 Percent The number of minority-owned lending partners are 3 to 5 times businesses increased by 46 percent more likely to make a loan to minor­ from 2002 to 2007, according to new ity-owned small business than a figures from the Census Bureau. conventional bank, according to the The increase is welcome news for Urban Institute. the Small Business Administration Moreover, enhancements made which leverages three core mission possible by the Recovery Act have areas - access to capital, opportuni­ helped SBA provide support for ties in federal contracting, and busi­ more than 14,(XX) Recovery loans, ness counseling - to build on the worth $5 billion, to minority-owned growth in minority business owner­ small firms. ship. The Recovery Act has been a Although minority-owned firms critical tool in helping minority- struggle with access tocapital, SB A owned small firms compete for and C u s to m S tic k e rs, B a n n e rs , S ig n s, B u tto n s , a n d M ore! ch o o se lo c a l off your first order! I 1703 N E Alberta - 503-360-1066 Saluting Minority Businesses Alberta Street Market 909 N.E. Alberta Street 503-282-2169 • • — win federal contracts. Billions of dollars in Recovery contracts have been awarded and the SBA and its resource partners counsel thou­ sands of minority business owners each year. From loans, to contracting, to counseling, SBA officials say they will continue to ensure that minor­ ity-owned small businesses and entrepreneurs have the tools to grow, drive our economy and create jobs. Diversity Drives Innovation Com panies that are hesitant to em brace the diversity of thought that accom panies the increasing demographic diversity in the work­ place are destined to lose their com petitive edge, contends Jim O. Rodgers, diversity coach and president at J.O. Rodgers & As­ sociates. Diversity, when managed well, presents various points of view that can drive new ideas, innovation and better business results, Rodgers say s. B u sin e sse s such as McDonald’s, where 40 percent of restaurant ow ner-operators are women and minorities, are experi­ encing the business benefits of di­ versity. However, some industries are still struggling to acknowledge and leverage the positive attributes embracing diversity. ★ Hot Food ★ * ★ . . 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