Susana
Castañeda-Ricardi Vicini
Spices and Blends
Turn
adversity into opportunity
Susana Vicini had been working for
Creative Spices in Union City,
California for a couple of years,
two years before the company owners
announced they were going bankrupt
and would close their doors. With
$50K in savings, she purchased the
company’s existing equipment and
launched the business as Spices and
Blends in 2001. Today, the business
is selling to commercial kitchens
that provide pre-packaged foods for
school districts and prisons in
California, Utah, Montana and
Indiana. In addition to her primary
customers, Vicini is also creating,
producing and packaging custom
formulations for restaurants and
specialty food makers.
At $700K in
annual sales, Vicini is pleased with
her achievements but continues to
plan for much more. She envisions
having her own line of gourmet
products that would meet the needs
of the many ethnic groups now living
in the U.S. “I want to focus on the
cultural cuisines of the country so
I can provide easy-to-cook meals at
home that are nutritious, tasteful
and easy for busy families to
prepare.” She is particularly
interested in a line of products to
help diabetics keep their special
diet and still enjoy their cultural
cuisine.
Vicini,
married and mother of 6-year-old
twin boys and a 9-year-old daughter,
was born and raised in Mexico. She
came to the U.S in 1991 after
graduating with a doctorate in
chemical engineering from the
Instituto Tecnológico de Ciudad
Madero, Tamaulipas, Mexico. From an
early age, Vicini learned to be self-reliant
and ascertained that being self-employed
was the norm. “I grew up hearing
from my mother and all my aunts and
uncles that no matter what you
choose to be in life—whether it is a
doctor or lawyer or engineer—you
will be in your own business. I knew
early on that it would be better for
me to be in business for myself.
This is how I grew up. I saw so many
in my family run their own
businesses so it was natural for me
to want to have my own business. I
also knew it was more responsibility
but I was willing to take that risk.”
While her work
takes a great deal of time to manage
and juggle the needs of her family,
Vicini takes the challenges and
remains confident about her future.
“I know what I am doing. I know that
I will grow the business and be able
to have a significant market share
and create more jobs within my
community. That’s very important to
me and it is especially important to
work with other entrepreneurs.” Even
the challenge of dealing with
something new and different each day
energizes Vicini. “I love that sense
of adventure and solving a different
problem every day.”
Her advice for
a would-be-entrepreneur: “Be sure
that this is what you want or else
your dream can turn into a nightmare.
It takes more focus and energy than
you might think at first. There is
no one who will push you to do what
needs to be done. You have to be
driven and passionate about your
work in order to succeed.”
Deb
Shaw
Multi-Ethnic Success Ventures, LLC
Dream BIG! Enterprises
Failure
is not an option
Deb Shaw, author of the bestseller
Dream BIG! is a serial entrepreneur
launching three different businesses
each with their own astounding track
record of success. A year ago, she
sold her first business, Umbrellas
Plus—a multi-million dollar import
company that started in 1987 and
sold products to national retailers
like Wal-mart, Costco and Toys “R”
Us.
Her second business, Dream Big!
Enterprises was born out of a need
to manage her many speaking
engagements all spawned by her best-selling
book and appearances on the Oprah
Winfrey Show and numerous programs
on all the major networks. Her
presentations on diversity, personal
empowerment and business strategy
inspire, dazzle and inform audience
members to take control and take
actions that can make their dreams a
reality. It’s no surprise why
corporations in the Fortune 100 seek
her advice.
Yet her latest
venture is perhaps the most personal
and one that will bring her the kind
of rewards she cherishes. The child
of Puerto Rican immigrants, Shaw was
raised in Spanish Harlem by parents—a
minister and social worker—who
dedicated their lives to serving
their community and helping others.
Multi-Ethnic Success Ventures, LLC
will allow Shaw to follow in their
giant footsteps. “I am committed to
teaching the universal success
strategies that work no matter who
you are or what your circumstances
are. It’s time to bring the best and
the brightest success mavens on the
planet to work on growing our levels
of success.” Multi-Ethnic Success
Ventures will bring a subscription
based coaching service to small
business owners and individuals who
want training and professional
growth, but have not been able to
afford individual sessions.
Shawn attributes her entrepreneurial
spirit and success to the strength
of her family and the ability to see
through the myths of being a
business owner. Three big myths—(1)
just being a good person and working
hard is enough, (2) you can do it
all alone and (3) entrepreneurs can
be overnight successes. “The biggest
challenge is that we are too often
willing to entertain fantasy instead
of reality. Latinas must do their
homework—pay attention to market
conditions, align with and learn
from people who have already been
there, done that…We insist on being
the heroines in our own lives—often
to exhaustion, frustration and poor
results. Get the help you need.”
Arabel
Alva Rosales
AAR Enterprises
Timing
is everything
A serial entrepreneur, Arabel Alva
Rosales, owns three businesses under
the holding company AAR Enterprises
based in Chicago: A consulting firm
that advises on technology
infrastructure, a closet furnishings
and cabinet company, and now Power
Solutions. This most recent venture
emerged when the increasing cost of
gas began to skyrocket across the
nation and everyone felt the impact,
Rosales, whose budget includes
operating vans and trucks felt
compelled to take action. Power
Solutions will develop and
distribute a product called MPG Cap
to save money on fuel and reduce
emissions in cars.
For Rosales, success is about being
in the right place at the right time
and seizing an opportunity. MPG Cap
was invented for NASA over 30 years
ago but was not needed at the time.
When the patent rights were returned
to the original inventor, Rosales
struck a partnership to develop the
product and expand its sales
throughout the U.S. and
internationally. Testing of the
product is currently underway in
Mexico and proposals are in place to
put MPG Cap into government fleets
for fuel conservation and cost
cutting.
The daughter
of Mexican immigrants and business
owners in Chicago, Rosales has
practical advice for entrepreneurs:
“If you’re not making money, then
get out and move on.” On the value
of being an entrepreneur, Rosales
says, “You get to be the captain of
your own ship. This carries with it
a lot of responsibility, but with
that comes a lot of freedom. You get
to be an artist, and your business
is your canvas. You get to create it,
paint it. It isn’t always easy but
it is a lot of fun.”
Rosales credits her success to
having strong family values and the
opportunity to learn from several
mentors and supporters. She also is
firm that Latinas learn to take care
of themselves so that they can
thrive. While she doesn’t mind the
long work hours associated with
being an entrepreneur, she insists
it cannot come at the price of
exercising, spending time with
family and friends, or giving back
to the community.
The qualities
that make successful entrepreneurs
have been studied many times. A
tolerance for change and ambiguity,
risk-taking, and a strong sense of
self-determination are just a few of
the attributes associated with
successful entrepreneurs. The unique
qualities of Latina entrepreneurs,
however, are just beginning to be
understood. A key measure of success
mentioned by each of the women
profiled here was the importance of
giving back to the community and
sharing knowledge and experiences
with the future Latina entrepreneurs.
We are all the wiser and stronger
having heard these remarkable
stories and just a few gems of their
lessons learned.
Our expanded coverage of Latina
Entrepreneurs will run in every
issue of LATINA Style
Magazine throughout 2007. In
addition, read complimentary
editorial content and resource
information at
www.latinastyle.com.
|
Business
Entrepreneurs Must Also Be
Activists
Congresswoman Nydia M.
Velázquez (D-NY), the new
Chairman of the U. S. House
Small Business Committee and
the first Latina to chair a
Congressional Committee, has
been a tireless advocate for
the small business committee.
Her unwavering belief on the
role that the Small Business
Administration needs to play
in supporting America’s
entrepreneurs and small
companies is one of the main
reasons the agency is around
today. As an advocate for
small businesses and
entrepreneurship, Velázquez
has worked on initiatives to
expand financial services to
underserved communities. Her
key policy efforts have
impacted many women-owned
businesses, especially
Latina-owned businesses. “It
is clear that Latinas are
making great strides in our
country today. We are
holding more leadership
roles than ever before and
are only continuing to
rapidly expand our culture
and presence here in the
United States,” says
Velázquez. “It is truly an
honor to be named the first
Hispanic woman to ever serve
as Chair of a full House
Committee, and I am proud to
serve in this capacity to
represent not only the needs
of our nation's small
businesses, but also the
Latino community.”
Velázquez not only
encourages economic
development, access to
affordable housing, quality
education, community health
protection, and health care
for New York families, she
also establishes small
business legislative
priorities that cover tax
regulations, access to
capital, trade, health care,
federal contracting,
technology and also pension
reform.
Initiatives that are
important to Velázquez were
recently introduced as a
legislative package that
addresses several ongoing
concerns that New York City
families and small
businesses have faced for
several years. Initiatives
include: ensuring access to
a healthy diet, addressing
the affordable housing
crisis, ensuring low-income
communities have access to
technology advancements,
transforming unusable land
into safe, vibrant locations
for residents, and helping
small businesses grow.
According to Velázquez,
“today’s initiatives are
just the beginning of a
renewed commitment to
improving the environment
for our residents and
entrepreneurs.”
Barbara Kasoff co-founded
Women Impacting Public
Policy (WIPP) five years ago
in order to unify the voices
of the nation’s associations
and advocates for business
women. Kasoff understands
that small business owners
must wear many hats all at
once. A business owner
herself, she knows the
challenge of generating
enough business, managing it
and then watching the bottom-line.
But her message for a ‘would
be’ entrepreneur is that
“you cannot do it alone” and
getting involved politically
does two things: it protects
you and your community’s
interests and it creates
connections among people who
are in a position to help
you succeed. “When a
business owner is also seen
as a leader, that respect
you get will get for ‘doing
the right thing’ is key to
gaining attention from
potential contractors. Get
the profile of a leader and
that will catapult you into
new heights,” says Kasoff.
According to Kasoff, three
specific policy arenas that
are vital to small business
growth are the following:
Health Care: Small
businesses must be able to
provide health care if they
want to attract a
competitive workforce and if
women business owners want
to provide this benefit.
Watch for the emergence of
Association Health Plans.
Minimum Wage: Despite
the perception that raising
the federal minimum wage can
hurt a small business, the
overall impact is actually
positive. Small businesses
are hurt if they keep
replacing workers who cycle
in and out of jobs looking
for better wages. Low-income
workers also consistently
place a burden on the
nation’s health care system
by relying upon emergency
room use, which everyone
ends up paying in
skyrocketing insurance
premiums. Livable wages help
everyone sustain their
economic status.
Federal procurement
programs: In 2001,
legislation passed that 5
percent of federal contracts
were to be set aside to be
awarded to small businesses.
Unfortunately, it has yet to
be enacted, and instead, yet
another study has been
commissioned to see if this
is needed. Small business
owners must speak out and
lobby that this legislation
be put in place so that they
also have access to
contracts with the federal
government. |