Updated: Jun 29, 2021
On Friday June 26th, ACBM had the honor of hearing Dr. Michael Walker speak at our company retreat. Guiding members to push their definitions of excellence, company standards and creating an atmosphere where innovative ideas began to flow within discussions, it was a rolling success of great dialogue and education. Thank you Dr. Walker for taking the time out to speak, empower and educate our team!
Today, we remember Dr. Martin Luther King Jr., a man who not only had a dream but who also took action to make that dream come into fruition. For the good of his people, and for the progression of a nation. He was a visionary leader, with the insight to know that life, quite like business is never certain and that faith, hard work and dedication are the labors that bring good into the world. To take action, effect change and to do what is right are all great qualities we strive to carry on in our business, and in our own personal lives.
Thank you Dr. King for the words, "Faith is taking the first step even when you don't see the whole staircase." Here at ACBM we take this and his many other inspiring words to heart.
Despite this strain, these businesses have been pioneers in showing how US businesses have adapted in the wake of COVID-19.
Experimenting with ways to keep within government guidelines, working to ensure employee and customer health and safety.
These companies have been displaying great ingenuity to adapt to this new environment.
It is paramount to support these minority-owned businesses to stimulate growth within the communities, contribute to a diversifying the economy.
A recent study done by McKinsey & Company shows of over 1,000 small businesses nationwide, forty percent being minority owned, have added additional services and safety precautions to their business practice.
Compared to 27 percent of all business respondents, this shows how small businesses are essential to their communities.
Small businesses generate the majority of jobs in the U.S. According to the Small Business Administration, small companies create 1.5 million jobs annually and account for 64 percent of new jobs created in the U.S. (Fundera, 2019).
Having more interpersonal relationships with their customers and employees, these companies make up a huge part of the economy.
In 2019 it was reported that over thirty million small businesses in the U.S accounted for 99 percent of all U.S businesses (SBA, 2019).
These business are paramount to maintaining a steady and diverse economy, by choosing to support them through becoming regular customers, and choosing to buy their goods and precure their services are helping the U.S economy stay steady during these uncertain times.