Hispanic people comprise 6% of business owners in Idaho and 12.2% of the workforce. Nationally, Hispanic-owned business infuse $800 billion to the U.S. economy.
Yet, according to the Small Business Administration, nearly one-third of those small business owners said raising capital is one of their biggest challenges. That’s where experienced businesses come into play.
SCORE, a volunteer organization which provides free business mentoring, resources and education, is seeking Hispanic executives and entrepreneurs to join their ranks as mentors.
“Through SCORE, volunteers offer support and share their industry-specific knowledge with entrepreneurs through one-on-one mentorship,” a release stated. “This can be conducted in-person, over the phone or through virtual platforms, ensuring flexibility for both mentors and mentees. The program has dozens of business mentors throughout Idaho and becoming one is easy.”
According to SCORE, entrepreneurs who work with mentors are five times more likely to start a business and report higher revenues and increased business growth.
“As a mentor, I find great satisfaction working with business owners who are oftentimes under-represented in the business world,” said Tony Delmercado, who volunteers with SCORE. “I believe in the model SCORE provides, which is applicable to a variety of businesses and communities.”
To learn more and become a volunteer mentor, visit score.org to apply online. A skills assessment matches volunteers’ expertise with entrepreneurs seeking a mentor or workshop facilitation. Volunteers fluent in Spanish and English are also being sought by the nonprofit, and a completed training program will certify mentors upon completion.