In today’s society, diversity and inclusion are becoming increasingly important. As a result, many businesses are seeking to diversify their workforce and suppliers. However, minority-owned small businesses often face barriers to entry in the corporate world. To combat this, diversity certification programs have been created to empower these businesses and provide them with greater access to opportunities. In this article, we will explore how diversity certification can break down barriers and help minority-owned small businesses thrive in the marketplace.
Breaking Barriers: How Diversity Certification Empowers Minority-Owned Small Businesses
In today’s world, diversity and inclusion have become essential topics in the business world. Companies are increasingly recognizing the importance of creating a diverse workforce and supplier base. And, as a result, certification programs have been created to help minority-owned small businesses break down barriers and gain access to new opportunities.
What is Diversity Certification?
Diversity certification is a process that verifies that a business is owned, controlled, and operated by a member of a historically disadvantaged group. The certification process is typically done by a third-party organization that evaluates the business’s ownership structure, management team, and operational practices.
There are several types of diversity certifications available, including:
– Minority Business Enterprise (MBE)
– Women’s Business Enterprise (WBE)
– Service-Disabled Veteran-Owned Small Business (SDVOSB)
– LGBT Business Enterprise (LGBTBE)
The Benefits of Diversity Certification for Small Businesses
Diversity certification provides many benefits for small businesses, including:
1. Access to new opportunities: Many corporations and government agencies have supplier diversity programs that require a certain percentage of their contracts to be awarded to minority-owned businesses. By becoming certified, small businesses can gain access to these new opportunities.
2. Competitive edge: Certification can give small businesses a competitive edge over non-certified businesses when bidding for contracts. Many companies prefer to work with certified businesses as part of their commitment to supplier diversity.
3. Networking opportunities: Certification can also provide small businesses with networking opportunities with other certified businesses, as well as with corporations and government agencies.
4. Increased visibility: Certification can increase a small business’s visibility in the marketplace. Many certification programs have online directories that feature certified businesses, making it easier for potential customers to find them.
5. Educational resources: Many certification programs offer educational resources, such as training and workshops, to help small businesses grow and succeed.
Diversity certification can be a game-changer for small businesses owned by members of historically disadvantaged groups. It can provide access to new opportunities, give businesses a competitive edge, and increase their visibility in the marketplace. If you are a small business owner from a historically disadvantaged group, consider getting certified to break down barriers and unlock new opportunities.