NFIB Organization

According to Black Enterprise, most other sectors of the business community have been able to access the money needed to grow their businesses over the last eight years. African American businesses, however, have not had this same benefit. In quantifiable numbers, African American businesses account for less than 2 percent of all Small Business Association Loans, even though Black-owned businesses comprise over 7 percent of the country's non-farm businesses.

The U.S. Small Business Administration was founded on July 30, 1953, and has delivered millions of loans, contracts, counseling sessions, loan guarantees, and other types of assistance to small businesses. Even though SBA was formally created in 1953, its philosophy and mission began to form years earlier in other agencies and began largely as a response to the pressures of the Great Depression and World War II (Business, 1988). These events caused mass hardship on the economy, and the best way to promote it again was through small business. The Small Business Preference Program was created to guarantee that small businesses received their fair share of contracts for federal government services and supplies. The intent was to help strengthen the economy by allowing small businesses to get a portion of the property government sold as well. 23% of all Federal-contracting dollars must be awarded to small businesses, and specifically, 5% to women-owned small businesses. There are many different types of small businesses, and each receives a portion of the contract the government gives. The WOSB Program became effective in the FAR on April 1, 2011, and is one of the types of small businesses that are given preferential treatment (SBA.gov).

The Small Business Administration has many roles in the global and the national economy. One role the SBA has is that it helps many businesses around the world. Some places in the world that the SBA helps are the U.S. Virgin Islands, Guam, and Puerto Rico. Another role that the SBA has is that they help with business that may have had some hard times with the economy. The economy can be very bad at some times and some businesses can get all they help they can get for this business to be running smoothly. Luckily, the SBA wants to help those businesses. They want to better the small business by giving loans to them if they qualify it.

To be honest before filling out this application I had never heard of the National Federation of Independent Business. Since then I have done my research and believe I have a grasp of who the NFIB is and what they stand for. Being a small businesses owner and coming from a family of small business owners, I appreciate the efforts of the NFIB.

FBCL to develop a partnership with a FBC non-profit organization that is seeking to strengthen its position in the community.

Many consumers consider the BBB a government consumer enforcement agency who has the responsibility of ensuring trust in the marketplace. The BBB has been operating for over 100 years and has over 400 thousand accredited business. (Better Business Bureau, 2016) In that time, the Bureau has gained the trust and respect of consumers and businesses alike. When BBB employees contact most businesses regarding complaints, they respond as if the BBB is an enforcement agency or an organization

While creating nonprofit companies there are many key factors to take into consideration. With CBO of America there are six main key issues that must be taken into consideration, each issue found has been ranked in order of importance;

Big business versus small business has been an issue since business started. Small businesses need to have a solid structure and a large backing of consumers to survive against big business. Josh Novak had a successful model for Glow-Foods and International Food Group (IFG) saw that. They were so impressed with his IT plan at Glow-Foods, they offered him a job at their IT office with a team to help their demographic. Josh was excited yet hesitant as he knew IFG was

NAB is launching “virtual bankers” in the form of chatbots to assist customers with simple administrative tasks and questions, with the reconstruction of processes expected to save the bank hundreds of millions of dollars.

Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.

Corey Turner’s article describes how a fairly new Securities and Exchange Commission rule puts minority business owners at a disadvantage. The rule, which makes paying for finder’s services against the law, puts minority and small business owners at a disadvantage by preventing the use of finders to connect to investors, partners, and new customer groups. Finders are middle men in business transactions that help to facilitate and connect businesses and their operations. Finders are known to be an important impetus for businesses, especially small businesses and start-ups, who lack the resources and connections to find investors and assets for the business. However, finders do not work for free. Many of which are businessmen and businesswomen themselves, finders get compensated for their help by collecting fees, what we all know as finder’s fees. Thus, the SEC making finder’s fees

A leading community development financial institution (CDFI) with over $300 million in assets under management, NFF has provided $575 million in financing and access to additional capital in support of over $1.5 billion in projects for thousands of organizations nationwide. In partnership with others, we 've also supported the provision of more than $120 million in grants to nonprofits for recovery, capital and planning grants and reserves.

Social responsibility and customer intimacy appears to be NBB’s most important competitive advantage and the cornerstone of the company’s strategic focus. According to the Ferrell and Hartline, NBB had a pre-existing ethical culture established between branding and corporate citizenship, well before the company entered into the marketing department (Ferrell & Hartline, 2014). The firm's core values and beliefs is defined clearly in their mission statement that was created in 1991 (Ferrell & Hartline, 2014). The mission statement focused on the firm's ethical cultural responsibilities to the employees, the company as well as the consumers and is currently in effect today (Ferrell & Hartline, 2014).

Nonprofit organizations have several functions, and not each one is alike. Essential to all non-profit organizations are four functions: planning, budgeting, funding and management.

The small business marketplace is extremely dynamic and the changes are fast. Here are some encouraging facts from the US Small Business Administration on small businesses. There are about 30 million small businesses in the United States and employ just over half of the country’s private workforce. They employ a staggering 40% of high tech workers such as computer professionals, scientists and engineers. More than half of the small businesses are home-based businesses and two percent of them are franchises. One of the most important aspects is the fact that a majority of innovations in the United States come from small businesses.