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New research shows how Indigenous-owned businesses deliver better outcomes for their employees

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We are seeing more homegrown businesses in Australia. This is essential provided that these enterprises create social impact, support Indigenous economic self-determination, and maintain high levels of Indigenous employment.

When we hear about indigenous knowledge-based enterprises, we frequently take into consideration how that knowledge is presented in the corporate’s services or products, for example through art, tourism or clothing. Less understood is the role that local knowledge can play in an organization’s organization and culture, and its profound impact.

At the national level, there continues to be a stark difference between indigenous and non-indigenous employment. This doesn’t help the case of non-Indigenous owned businesses keep fighting with hiring and retaining native employees.

But for indigenous-owned businesses locations and industriesemployment stays high. Research shows that 36% of employees at these corporations are indigenous.

IN our latest researchwe interviewed owners, managers and employees of indigenous corporations to seek out out how these corporations support high levels of employment amongst indigenous people. Our findings indicate that Australian corporations must learn best practices from domestic corporations.



What do domestic corporations do in a different way?

Native ways to know, be and act can bring a holistic approach to business management and organizational culture. In our study, participants discussed how domestic corporations maintain a non-hierarchical approach to their business structure. This structure incorporated diverse perspectives, ensuring better aligned and effective policies and practices.

This meant that the corporate could reflect the precise perspectives, values, strengths and circumstances of its employees. This is contrary to the one-size-fits-all approach to indigenous employment and recruitment policies that non-native enterprises often implement.

To be formally recognized as an Indigenous-owned business, a business should be Indigenous-owned holds at the very least 50% of the shares by the indigenous people.

Most Native businesses listed on Supply Nation, a national database of Native businesses, are 100% Native owned. As such, leadership roles in these indigenous enterprises are played by indigenous people. The situation is different within the case of non-native corporations fight with this.

Described by our study participants Indigenous governance in enterprises as collaborative, responsive and relational. This allows managers to better adapt to the needs, values ​​and situations of their employees.

This knowledge provides the idea for informing specific workplace practices. For example, workplace flexibility is usually provided in domestic enterprises, but is provided to various degrees depending on the precise workforce context.

Cultural competence is important

Cultural competences refers to the flexibility to work effectively and respectfully with people from other cultures.

Cultural competence within the workplace is usually considered education. Participants in our study described cultural competence as an activity embedded within the practices of their organizations. They didn’t see cultural competence as a small thing, but as a necessity by way of occupational health and safety.

For example, domestic corporations usually are not only aware of the cultural responsibilities or individual circumstances that affect their employees. These corporations often incorporate, support and draw on these elements to shape their business practices. Local staff said it meant their corporations understood, valued and supported them.

Employees also detailed stark differences in experiences racism between domestic enterprises and their former workplaces. Local business owners and managers were more open about their experiences and more committed to addressing and eliminating racism within the workplace.

These are only among the ways domestic businesses can provide a model for rethinking organizational cultures non-native enterprises.



Learning from local entrepreneurs

Many organizations across Australia are implementing their own policies to extend employment for Indigenous people. Participants in our study found that a lot of these policies focus heavily on “traditional” recruiting practices and policies.

This falsely assumes that the one problem is job supply. Many aspects influence the employment of indigenous people, which vary from country to country. Indigenous employment approaches often don’t reflect this.

Indigenous businesses exhibit that there isn’t a single recruitment strategy, reconciliation motion plan, apprenticeship program or cultural competency training that may improve Indigenous employment.

For example, some Native-owned businesses are promoting Native employees from entry-level positions to management positions because they recognize the commitment, logistics, and advantages involved. Simply creating an entry-level position where the worker doesn’t progress cannot achieve the identical result.

Strong local employment isn’t limited to domestic enterprises in certain industries. Therefore, tailored practices that reflect the varied indigenous workforce across the country are needed.

Restructuring organizational culture in Australian businesses isn’t just helpful for Indigenous people. Values-based workplaces spend money on employees, support their culture, maintain a secure work environment, and create opportunities for people often excluded from employment. This advantages everyone.

Non-Indigenous institutions can learn from Indigenous businesses, not only to turn into better employers for Indigenous people, but additionally to be better employers for all.


This article was originally published on : theconversation.com
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Business and Finance

David Shands and Donni Wiggins host the “My First Million” conference at ATL

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December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.

Then there’s Shands and Wiggins.

The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.

It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.

“It’s not up to us to convince anyone why we do what we do,” admits Shands.

“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”

He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.

“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.

She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.

“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”

She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.

They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.

What to expect during the “My First Million” conference.

They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.

Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.

“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”

Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.

“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”

Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Operation HOPE on the occasion of the 10th annual world forum

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Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.

The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.

Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.

Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”

“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.

The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.

“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”

Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.

“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”

It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.


This article was originally published on : www.blackenterprise.com
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Business and Finance

New Orleans’ black business district is marked by history

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New Orleans, Black Business Disctrict


New Orleans has given a historic monument to a Black business district closed for interstate construction.

The marker was a project fulfilled by in response to the initiative of Plessy and Ferguson. Founded by descendants of men involved within the Plessy v. Ferguson case that legalized segregation within the United States, the organization worked with other community groups to put a marker under the Claiborne Viaduct.

Before the upheaval, Black New Orleanians could find stores owned by other members of their community on Claiborne Avenue. Racial discrimination originally limited the power to buy on the famous Canal Street. Given this, blacks as an alternative flocked to the realm to purchase every little thing from groceries to funeral arrangements.

This mall was home to many Black-owned businesses, and emerging and established entrepreneurs had arrange shop for generations. Consisting of pharmacies, theaters, studios and more, it helped maintain a vibrant black culture in the realm. It reigned because the most important street of Black New Orleans from the 1830s to the Seventies.

The street once featured a picturesque cover of oak trees surrounding bustling businesses. However, its decline began with the expansion of roads within the southern state. The first casualty was the oak trees that were cut all the way down to make way for the development of Interstate 10, and shortly thereafter, the district’s thriving entrepreneurs suffered an identical fate.

Many residents do not forget that they didn’t know in regards to the upcoming investment until the trees began falling. Raynard Sanders, a historian and executive director of the Claiborne Avenue History Project, remembered the “devastation” felt by the community.

“It was devastation for those of us who were here,” Sanders told the news outlet. “I was walking to school and they were cutting down oak trees. We had no warning.”

Despite its eventual decline, the district stays an integral a part of Black New Orleans entrepreneurship. Now the town will physically resemble a historic center where Black business owners could thrive. They celebrated the revealing of the statue in true New Orleans style with a second line that danced down Claiborne Avenue.

“The significance of this sign is to commemorate the businesses, beautiful trees and beautiful people that thrived in this area before the bridge was built, and to save the people who still stand proud and gather under the bridge,” also said Keith Plessy, a descendant of Homer Plessy’ ego.

The growth of local black businesses continues. Patrons and owners alike hope to evoke the spirit of Claiborne’s original entrepreneurs, empowering the community.


This article was originally published on : www.blackenterprise.com
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