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Los Angeles Urban League and OmniWorks™ Promote Entrepreneurship as a Path to Success for Minorities and Women
By Sentinel News Service
Published November 1, 2018

Sponsored in part by CIT/OneWest Bank, the Los Angeles Department of Water & Power, Los Angeles Urban League and OmniWorks™ create entrepreneurship workshops to provide small business owners with real-world, practical information to help take their business to the next level.

Los Angeles Urban League and OmniWorks™ are proud to announce the launch of their entrepreneurship workshop, a free two-day workshop that will give aspiring and existing small business owners a chance to get their questions answered and learn best-practices for starting and growing successful businesses. The first workshop will start November 2nd from 1:00PM-6:00PM at Los Angeles Trade Tech College, and with more than 150 participants already registered, more workshops are being planned for early 2019.

“There’s obviously a demand for quality entrepreneurial education” said Brian Williams, vice president and COO of Los Angeles Urban League. “One of the main reasons small businesses fail is due to a lack of business and management education. This workshop is a great way for business owners to get a lot of practical information in a short period of time.”

The Entrepreneurship Workshops will focus on

• Principles of Lean Startup Methodology

• Being A Successful Entrepreneur

• Creating A Powerful Fast Pitch

• Creating Your Own SWOT Analysis

• Creating Generational Wealth

• Funding Panel: VC, Loans, Crowdfunding and

• Women & Minority Business Owner Certification

• Taking Your Business to the Next Level

“At OmniWorks our goal is to provide underserved communities democratized access to business education, markets and capital,” said Quentin Strode, co-Founder of OmniWorks. “Entrepreneurship is a tough, but worthwhile path for individuals to create long-term wealth for their families and jobs in their communities.”

According to the U.S. Small Business Administration (SBA), small businesses have accounted for creating two out of every three net new jobs in the United States since 1995. In Los Angeles, small businesses are especially important to communities of color. In fact, a 2015 study by the U.S. Census Bureau reported that Los Angeles County is a “microcosm of [the] nation’s diverse collection of business owners.” The report reflected that “Collectively, Los Angeles County was home to 631,218 minority-owned firms including 81,563 Black-owned businesses.”

However, the SBA reports that 30 percent of small businesses fail within the first two years. Often the deciding factor between stumbling and success can be as simple as having access to basic information and resources.

Categories: Crenshaw & Around
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