Asian Journal- The Filipino-American Community Newspaper

Wednesday
Feb 08th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home Consumer Monette Adeva Maglaya On becoming your own boss

On becoming your own boss

(9 votes, average: 4.56 out of 5)
Article Index
On becoming your own boss
Page 2
All Pages

"Wherever we look upon this earth, the opportunities take shape within the problems."

—Nelson Rockefeller

(WHEN the economy tanks and the unemployment rate is shooting through the roof, big government as well as big and medium-sized businesses cannot be depended upon to provide the spark that jumpstarts a moribund economy back to life. No jobs. No breaks. No doleouts. Nowhere to turn to. There is no other choice but to look at one’s self for the opportunities that a hostile environment such as what we have now, can’t provide. Immigrants seem to have a slight edge when it comes to survival skills. The reason is that immigrant groups throughout American history always had it tough.)

Despite the enforcement of harsh and restrictive laws that targeted certain ethnic groups, ethnic business niches began with small and tentative success experiences gained by a few trailblazing immigrants within certain communities. Barred from entering the mainstream work force, many had no choice but to go into tiny businesses catering to their own communities as a means to survive. The success formula of one or a few is quickly copied and transferred to others within the community, thus building a momentum where many go into the same business and succeed as well until a saturation level is reached and new industry niches need to be discovered and explored.

There are distinct differences among cultures and it must be noted that certain cultures are more predisposed to going into particular business than others. Risk-taking as a cultural trait seems to be more pronounced in some ethnic groups than in others. Those that have language difficulties and have a long historical and cultural background of setting up retail outlets from one generation to the other in their home countries are more predisposed to transferring their business skills into their new environment, learning as much as they can on their own and from observation.

Certain groups like Jews and Armenians have long histories of being involved in business in every area around the world where they settle. This tradition is passed down from one generation to the next because the family has had the experience, the know-how, the contacts, the business secrets, and the advantage of having start-up capital.

Others without such a business tradition or built-in advantage go into business because they have no other choice. With little or no English language skills and even if they are well educated and hold extensive experience, they could not find employment in the general job market comparable to what they had before in the old country. Rather than take on jobs that for them might be demeaning, they have chosen to set themselves up in business.

Each ethnic group has shown expertise in handling businesses in certain identifiable niches. Among those who have exhibited entrepreneurial skills that have resulted in establishing specific businesses include:

  • Koreans who are known for operating grocery stores, liquor stores, dry cleaning shops, restaurants, appliance stores and many other businesses;
  • Asian Indians and Pakistanis who own convenience stores, food-service and delis, lodging facilities in the hotel and motel industry, and jewelry kiosks and stores;
  • Cambodians who are particularly noted for operating retail bakeries and thousands of doughnut shops in many locations in metropolitan areas;
  • Filipinos who buy up and convert homes and operate nursing facilities for seniors, the handicapped and the infirm; small restaurants and food markets;
  • Thais who run restaurants that offer their distinctive culinary fare;
  • Armenians and immigrants from the Middle East who have the rug and carpet, jewelry business and automotive repair business cornered;
  • Vietnamese who are more than likely to own beauty shops and nail salons (some regulations covering nail salons in some states are written in the Vietnamese language indicating that they have cornered this industry niche as experienced manicurists);
  • Chinese who operate banks, oriental food markets, hotels, dry cleaners; import and export businesses, manufacturing and countless restaurants, among many others.


 

La Beez Hive for Hyperlocal Ethnic News

Find us on Facebook!Follow us on Twitter!
The truth about a tax preparer charging percentage of refund
THIS one’s a classic story. Joe and Mary are a hardworking couple who both work two jobs. They have been using a tax preparer for seven years to...
What is a smile design?
COSMETIC dentists understand that communication with the patient over what they expect, what they want their teeth to look like, is critical to their...
Is your auto insurance coverage enough?
SUMMER is here again and people will be getting into their vehicles and driving off on exciting road trips and family vacations. Before you get into...
Your insurance company’s duty to defend you
THE primary purpose of insurance is to give you peace of mind. You buy automobile insurance, homeowner’s insurance, or business liability insurance...
Do you have a road map for your financial future?
MANY of our dreams are dependent upon the choices we make throughout our lives. That’s why planning carefully and making smart choices will help...
Reclaiming your wisdom with Chi Art: ‘Opening the Third Eye 2’
CHI ART is a term coined by Grand Master Chi Jen Liu to describe his special paintings. True to the nomenclature, his paintings are essentially the...
Post-petition income may cause non-eligibility for discharge
Bankruptcy courts normally look at debtor’s income at the time of filing and two months before filing of the bankruptcy case to determine...
Bankruptcy filings without credit counseling stricken by court
THE new bankruptcy code requires debtors to take credit counseling before filing their bankruptcy case. Specifically, Section 109(h) states “… an...
Picky, picky
The common toothpick, usually made from wood, is primarily used to remove food stuck in–between teeth.Most wooden toothpicks in the United States...
Who Are You and Why Are You Here – Part 4: The Twelve Sectors of the Zi Wei Do Shu
Astrology is a science that charts the movement of the stars, planets and constellations, and reveals how their movement impacts your life. The Zi...
Quality education for nation-building – The Ateneo way
FOR economic transformation to become a reality, there are various factors to be considered:  infrastructure development, geopolitical stability,...
Audit update: Schedule C income from business or profession
WHILE IRS audits decreased from the mid-90s, the Service reorganized, retrenched, and retrained its personnel during years of inactivity. They are...
Estate planning: it’s never too early or too late
It was a typical appointment on a busy tax season last April. A representative for a Hispanic male in his mid-60s visited my office for a living...
Disorganized financial records may result in denial of BK discharge
SECTION 727 of the Bankruptcy Code states that "(a) the court shall grant the debtor a discharge, unless-… (3) the debtor has concealed, destroyed,...
Medical help to those injured in accidents
SERIOUS injuries can significantly change a person’s life. They affect one’s relationships with family, friends and co employees. They affect the...
Recovering wages after leaving employment
Q: I WORKED for a company for 5 years as a general office staff. I usually worked more than 8 hours per day and every other weekend. Because we were...
Are your credit card debts out of control?
THE very first step you need to take if you seriously want to get out of credit card debt is to admit to yourself that you have a problem. In many...