
All Latinas – all WOMEN – are Entrepreneurs
All Latinas are Entrepreneurs. All women are entrepreneurs. The discussion of a SAHM (Stay at Home Mom) vs. an entrepeneur is an incorrect one. The discussion of motherhood while working and motherhood while staying at home is also an incorrect one. All women – including all Latinas that I know (that’s only because I’m surrounding by so many of us, not for any other particular reason), are entrepreneurs – whether at home, in the office or running their businesses - and here’s why:
- They make projections
- They organize and lead teams
- They set budgets and manage cash flow
- They help prioritize
- They scale
- They put procedures and systems in place
- They set values and a culture that permeates the organization
- They support the community they live in
- They delegate
- They hire
- They are great listeners
- They get clear with boundaries, objectives
- They deal with the big problems directly
- They express and communicate their expectations well
- They praise other’s efforts
- They help developing those around them
- They teach responsibility
- They reward their teams for good work
- They apologize when they make a mistake
- They set rules and consequences when breaking them
Some of the platforms and communities that have been created for Latinas are wonderful – but what if they focused on the Latina Entrepreneur? But not in the classic sense of the word entrepreneur, rather in the sense we describe above, remembering that she can be a stay at home mom, a business owner, an executive, a chef, a writer, an engineer – or a mix of all of them. And remembering that the Latin American culture, in all its shapes and forms, is central to her, just as we discovered in our Latinas and Social Media study.
The opportunity to speak to the Hispanic female as an entrepreneur is golden – as is the opportunity to nurture, grow and empower them. It benefits them, the community, the economy and the brand that is serving them. And it will continue to accelerate that $1.3 Trillion Hispanic Purchasing Power.
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Natalie Boden is the founder and Managing Director of BodenPR. She is a member of Count Me In for Women’s Economic Independence and the U.S Department of State’s Pathways to Prosperity. She is an active participant in Vital Voices, bringing visibility, training and mentoring to Latin female business owners.
To Follow Natalie Boden on Twitter
To Follow BodenPR on Twitter
See some of BodenPR’s work in the Latina space for clients such as FedEx, Delta Dental and Oliver Pyatt Centers.
See BodenPR’s study on Latinas and Social Media.
The press has always been a very influential channel of trust and the main focus of many PR campaigns – How to get The New York Times, CNN, Univision, El Nuevo Herald to publish something positive and influential about my product, service, campaign? How to generate that press coverage? How to engage the press and end consumers to spread the news?
Today, the question remains the same except that social media has brought in a new form of engagement that pulls brands into a new era of storytelling; social media has revolutionized who the channels of trust are and how they spread the news. And those channels of trust are not necessarily The New York Times and CNN en Español, and their form of spreading the news is not necessarily the front page of the paper or the top of the news hour.
So, for the Hispanic market, who are the new channels of trust your consumers are listening to? Who is influencing their opinion and as a result their purchase decision?
Meet the NEW Hispanic Press:
There is a great anecdote from Nick Bilton’s “I live in the Future and here’s how it works”. Nick was sitting in his home when one of the guests asked if she could use his laptop to “check the news”. He handed it over. One of the most renowned journalists at The New York Times, Nick was curious about which news sites she was going to, so he asked her, expecting to hear something like CNN or The New York Times or maybe TMZ. With a sincere face she looked up at him and said “Facebook”. Then she turned to the computer and continued reading. Nick then said “I thought you were going to read the news”. “This is my news”, she replied.
News, channels of trust. They aren’t necessarily defined only by newspapers, or TV stations. Today, they are defined by which legacy media, blogger, new media, celebrity, brand or influencer your consumer trusts.
Is your brand reaching out to the NEW Hispanic Press?
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Natalie Boden is the founder and Managing Director of BodenPR. She is a member of Count Me In for Women’s Economic Independence and the U.S Department of State’s Pathways to Prosperity. She is an active participant in Vital Voices, bringing visibility, training and mentoring to Latin female business owners.
To Follow Natalie Boden on Twitter
To Follow BodenPR on Twitter
See some of BodenPR’s work in the Latina space for clients such as FedEx, Delta Dental and Oliver Pyatt Centers.
See BodenPR’s study on Latinas and Social Media.
By BodenPR Staff
[This piece was first produced in 2007. Some of those interviewed have since moved to other posts, but their insight still holds very true. Please watch out for the next series which will also include a social media analysis].
We all know it. We’ve all sung it. Some of us don’t even know what it means. What is it? It’s “Gasolina” (“Gasoline”), Daddy Yankee’s popular reggaetón hit. The album sold over a million copies and the music sure is catchy.And marketers have taken note. Why? Because it reaches a young Hispanic demographic segment that according to studies represents a purchasing power of $25 billion dollars per year. In fact, today, Latino youth stands for 20 percent of the total U.S. teen population with studies showing that they will reach 62 percent by 2020, increasingly becoming a very lucrative segment of the economy.
Although companies are catching on, signing deals with top Latino artists including big reggaetón stars and developing campaigns aimed specifically at this youth segment, some, according to Beatrice Rangel, president of AMLA, a U.S. Hispanic market research firm, still don’t “get it.”
Last year I was lucky enough to be invited to be a mentor for a program titled Pathways to Prosperity (also known as P2P). Created by Secretary of State Clinton, P2P aims at creating strong mentor-mentee relationships between female entrepreneurs in the U.S and Latin America.
Aside from the inspiring conversations and mentoring relationships that ensued, not to mention the wonderful opportunity to meet with the Secretary of State herself, I was struck by what one of the top tech firms had to say about entrepreneurship. The speaker focused on the creation of apps as an income generator, as a new innovative way of gaining ground and dollars from one country to the next. Ever since then it’s been playing around in my head. Continue reading