Business
Top Entrepreneur Talks About Why Immigrants are More Likely to be Attracted to the Business World
Published
2 months agoon
By
Admin
2022 reports released by the American Immigration Council show that nearly 44% of Fortune 500 companies were founded by immigrants or their children. The actual percentage of businesses founded by foreign-born individuals who moved to the US is 20.4%, an exceptionally impressive statistic because immigrants make up only 13.4% of the American population. These businesses cumulatively generate ~7 trillion US dollars for the American economy annually, a figure worth more than the GDP of most other countries in the world.
Several studies in the past decades confirm that immigrants from foreign countries are more likely to delve into entrepreneurship and become business owners than native citizens.
With all the statistics, reports, and figures backing these findings, the motivations behind the immigrant’s entrepreneurial struggle and determination remain unclear to many economic scholars. Despite the social, economic, and systemic inequalities and injustices that are undeniably meted out to immigrants in many foreign countries, these driven individuals still manage to break the limits, adapting and excelling in all forms of society. This phenomenon is not limited only to the United States. According to the Global Entrepreneurship Monitor, the vast majority of developed countries have a higher growth rate in immigrants than native-born citizens.
“The United States is a country built on the basis of immigrants, a country that has come forward with the efforts of many people who come with the American dream, seeking a better quality of life,” says Katherine Grullon Cuervo, Colombian-American entrepreneur and business lead at Distrivision, an international wholesale distributorship service supplying Shapewear, Lingerie, Activewear, Body & Garment care to business owners.
Most immigrants from third-world or war-torn countries leave their home nations and relocate to advanced countries in search of stability, greener pastures, and fresh opportunities to put roots down and genuinely thrive, as against merely surviving. The odds aren’t always stacked in their favor and the journey is never easy from the get-go, but perseverance is a quality that’s never lacking within the immigrant community. Tenacity and the ability to scour market opportunities with fresh eyes allow them to create unique micro-niches with massive potential in existing and new markets.
Never settling for the minimum
Distrivision is a franchise that was founded by Maria Ruth Cuervo, Katherine Grullon Cuervo’s mother, a versatile serial entrepreneur who came to America from Colombia. Katherine highlights the immigrant’s perspective of entrepreneurial success from Maria Ruth’s inspiring journey.
As a 13-year-old teenager growing up in Manizales, Colombia, Maria Ruth found her passion in enterprise management while working with her own mother and learning the ropes of the family business. Years later, she decided with her husband to sell everything they owned and migrate to the United States with their children, determined to give their girls the best quality of life within their means. Upon her arrival in the US, Maria Ruth wasted no time securing a job as a factory worker, and even then, her passions continued to soar.
“Starting from the bottom always reminds us where we want to go,” Katherine says. “Knowing where we come from and what we had been through, Maria Ruth, with her hard work was able to get promoted to a new position, although the difference in pay wasn’t a lot. Her entrepreneurial spirit flared, and all she wanted at the time was to find a way to generate better income. This is something that’s ingrained into the mind of the common immigrant – never settle for the bare minimum. We come from places and countries where work is sweated and a lot must be sacrificed for a living to be made. Luckily, other members of our Hispanic community with entrepreneurial passions were able to encourage Maria Ruth to start her own business.”
Infinitely grateful to her community for the motivation and unconditional support, Maria Ruth founded Shapewear Central, a boutique importing figure-shaping garments from Colombia. In due time, Shapewear Central set itself apart as a franchise bringing in high-quality useful products at fair and honest prices, and eventually, aspiring entrepreneurs sought out Maria Ruth for assistance to delve into the business.
With her daughter Katherine working actively in marketing and branding to oversee the transition, Shapewear Central became Distrivision, a distributorship and partnering franchise supplying everything from Shapewear and active wear to lingerie and post-op products. The business now offers employment and identity to hundreds of people across its headquarters and partner stores, founded on a legacy of honesty and transparency.
Systemic obstacles birthing a generation of determined entrepreneurs

A major factor attracting immigrants to entrepreneurship in foreign countries is the inadequacy of education for employment prospects in their home countries. In Colombia and many third-world countries, having a university education or degree certificate is not always a sure bet to getting established in the corporate world. Owning a business or accepting lower-tier employment are usually the only options for families without top-tier connections, and this trend forms a strong mindset within migrating citizens.
Also, many analysts claim employment difficulties are only faced by undocumented immigrants, but in reality, the discrimination spreads wider and also affects fully documented people, including those with permanent residencies.
The immigrant’s eagerness to make an honest and sufficient living is often taken advantage of by dishonest employers. They may be forced to work longer hours at reduced pay, work without employee benefits and insurance, show up on holidays, be kept in the dark about their rights and entitlements, and be subjected to racial discrimination and harassment.
This harsh reality becomes a strong motivation to establish their own businesses, be their own bosses, and provide better opportunities for their community members and other people.
As Katherine recalls, Maria Ruth built her business from scratch on the foundations of honesty, transparency, decency, and trust between the brand, its patrons, and partners. Despite the language being a barrier at first and other trials she faced as a young Hispanic woman in America running an importation business, Maria Ruth was determined to succeed. Holding onto her principles and values, today, she continues to run a business built on passion, grit, and communal love.
Katherine says: “We focused on creating an image that will identify more with what we do, which is wholesale distribution as a company. We focused on the transparency, love, and care with which we work together, along with the tireless effort we put into helping our business partners grow — both the business owner and our suppliers to maximize their results by being transparent and trustworthy.”
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Business
NYC Delivery Workers Secure Pay Rise: Companies Mandated to Pay Minimum Wage

Published
4 days agoon
September 29, 2023By
Ryan Lenett
In a significant decision, New York City’s delivery workers, which include giants like Uber, DoorDash, and Grubhub, have received a major boost in their wages. This comes after a judge disallowed these companies from blocking the city’s new minimum wage rules from taking effect.
Details of the Ruling
Acting Supreme Court Justice Nicholas Moyne ruled in favor of the law that will soon require these companies to pay their delivery workers a minimum wage of $17.96 per hour. This minimum wage is set to rise to $20 an hour by 2025.
- Law Implementation: The law was originally intended to be enforced from July 12 but faced setbacks when delivery giants came together to challenge its application. Despite the judge’s ruling, the law’s final implementation will still need to clear legal hurdles as the companies’ lawsuit continues its course.
- Application of the Law: Companies now have options on how they wish to compensate their workers. They can choose to pay per trip, by the hour, or devise their own formula. However, the result should ensure a minimum pay of $17.96 per hour on average by 2023. This translates to approximately 30 cents per minute for hourly workers before tips or, if payment is solely based on trip minutes, roughly 50 cents per minute.
Reactions and Implications
New York City houses the nation’s largest delivery workforce, with an estimated 65,000 workers, a majority of whom are undocumented immigrants. Previously, these workers earned a meager sum of less than $8 an hour after deducting expenses.
- Response from Worker Advocates: The Worker’s Justice Project and Los Deliveristas Unidos have hailed the decision as a significant step towards ensuring a fair living wage. They emphasized the sentiment with the statement: “Multi-billion dollar companies will not profit off the backs of immigrant workers and get away with it.”
- Companies’ Stance: The impacted companies have not taken the decision lightly. Concerns revolve around increased labor costs forcing them to reduce their service areas, thereby making their delivery service less reliable. Public statements from the companies showcase their disappointment and potential plans for further legal action. For instance, Grubhub spokesperson Patrick Burke mentioned, “[We are] evaluating our next legal steps.” Similarly, DoorDash’s Javier Lacayo stated that the company would “continue evaluating our legal options moving forward.”
New York Leading the Way
New York City is pioneering the movement to guarantee a minimum wage for app-based deliveries, and it’s expected that other cities may follow suit. As these apps continue to gain popularity, New York has consistently initiated regulatory measures addressing rideshares, food deliveries, and short-term rentals.
- Past Efforts: Previously, NYC mandated ride-hailing apps like Uber and Lyft to raise their minimum rates for drivers, resulting in a 5 percent increase in their per-mile rates in 2022.
- Current State: As of now, the city’s standard minimum wage stands at $15, but with the additional expenses gig workers face, the new mandate ensures they receive a slightly higher amount.
The Broader Landscape of the Gig Economy
In the rapidly evolving world of the gig economy, the battle between individual rights and corporate interests continues to intensify. New York City’s recent legislation reflects a growing awareness of the need for stronger protections for gig workers, but it is just one piece of a larger puzzle.
Challenges Faced by Gig Workers
Delivery workers, in particular, have faced numerous challenges:
- Inconsistent Earnings: Even though some days might bring in good earnings, there are days when workers barely meet their daily financial needs, making their income unstable.
- Lack of Benefits: Unlike traditional employees, gig workers often do not have access to benefits like health insurance, paid leave, or retirement plans.
- Job Security Concerns: With no contracts, workers can be removed from platforms without any notice or concrete reasoning.
What’s Next?
The fight between the gig economy and regulatory bodies isn’t over. The delivery giants’ challenge to the cap on commissions they can collect from restaurants and their attempt to nullify a requirement to share customer data exemplifies the tussle. However, as the situation evolves, one thing remains evident – the determination of workers and advocates to secure a just wage in the face of large corporations.
For more information on the evolving dynamics of the gig economy and labor laws, visit Reuters.
Business
Walmart Ventures into Pet Services: A One-Stop Shop for Pets and Owners

Published
2 weeks agoon
September 20, 2023By
Ryan Lenett
As the American pet industry booms, retail giants are keen on tapping into the lucrative sector. Walmart is making a strategic move by unveiling its pet services center, hoping to offer a comprehensive range of services, from veterinary care to grooming. This marks an effort to bolster its traditional pet business and position itself as a preferred destination for pet owners.
Walmart’s Foray into Pet Services
Walmart, the nation’s leading grocer, is no stranger to the pet business. Having sold pet-related items for several decades, including its private-label dog food, Ol’ Roy, the company has always maintained a touchpoint with pet owners. This connection is set to be fortified with the recent opening of its dedicated pet services center in Dallas, Georgia, approximately 30 miles northwest of Atlanta.
Features and Offerings
- Dedicated Space: The pet services center has a distinct entrance adjacent to a Walmart store, ensuring ease of access for pet owners.
- Range of Services: Walmart’s center will offer extensive vet and grooming services. These range from wellness exams, nail trims, and teeth cleaning to haircuts. The prices vary, starting from $15 for nail trims to $97 for an all-inclusive package that comprises a physical exam, multiple vaccines, and a parasite check.
- Eligible Pets: Presently, the center provides vet services exclusively for dogs and cats. Only dogs can avail of grooming services, with no immediate plans to expand to other animals.
Key Collaborations
The center will prominently bear Walmart’s brand, but it will be staffed by employees of the vet care and pet product company, PetIQ. This isn’t the first partnership between the two, as PetIQ has already leased space for vet clinics in over 65 Walmart stores since 2016.
Future Expansion Plans
The Dallas, Georgia location is just the beginning. Kaitlyn Shadiow, the Vice President of Merchandising for Pets at Walmart U.S., hinted at further expansion, possibly even within the next year. The exact number of such centers remains undisclosed.
Rationale Behind the Move
With approximately 40% of the pet industry’s revenue being generated from services, according to a study by Morgan Stanley, the potential is enormous. Especially given that U.S. consumers shelled out a staggering $136.8 billion on their pets in the past year, as reported by the American Pet Products Association (APPA). Vet care and related products alone contributed to a whopping $35.9 billion.
Several retailers have been eager to capitalize on this trend. Kohl’s has begun incorporating pet items in select stores, while Lowe’s has expressed intentions of broadening its mini Petco Health and Wellness shops. Walmart’s initiative seems to align with this prevailing trend and possibly offer something extra, especially in terms of cost efficiency. Their low-price reputation could serve them well, especially if pet owners become more price-sensitive due to economic factors such as inflation.
Digital Integration and Membership Perks
Apart from the physical services, Walmart is also refining its digital offerings. It has started rolling out a new system this week that will automate frequent orders like pet food and supplies. Drawing inspiration from Chewy’s Autoship feature, Walmart’s subscription-based service will provide discounts to customers who set up repeated deliveries of products. Moreover, Walmart+ members can expect added pet-related advantages, like a complimentary one-year membership to the pet telehealth service, Pawp.
Challenges and Conclusion
Though optimistic, venturing into a new sector doesn’t come without its challenges. Walmart’s previous endeavors, like offering economical health services to humans, faced hurdles, mainly stemming from frequent leadership changes. The progression has been gradual, with only 1% of its U.S. stores housing health centers by the end of 2023.
However, Walmart’s holistic approach of integrating shopping for groceries, vet services, and pet grooming under one roof might give them the edge they’re looking for. With the proximity of the pet service center to its main store, there’s an underlying strategy to prompt customers into making additional purchases. For now, the retail world watches closely as Walmart embarks on this ambitious journey.
The pet center’s layout also includes a limited retail space. Initially, Walmart aims to showcase its private-label pet brands here. This strategic move provides customers with immediate access to trusted products, while also highlighting Walmart’s commitment to providing quality pet care items alongside its services.
Business
California Takes on Oil Giants in Pivotal Climate Lawsuit

Published
2 weeks agoon
September 16, 2023By
Ryan Lenett
California has really stepped up to the plate, boldly daring to take on some of the heavy hitters in the global oil industry. The allegation? They’ve been accused of pulling the wool over people’s eyes about the dangers linked to fossil fuels. Apparently, they kept mum on what they knew about how their products could be messing with our climate. Now, if these charges hold water, then we’re talking about massive financial and ecological damages that have been dumped on us thanks to this alleged cover-up.
The Accused
The five oil behemoths implicated in this lawsuit include:
- Exxon Mobil
- Shell
- BP
- ConocoPhillips
- Chevron
The American Petroleum Institute, an influential industry trade group, has also been named as a defendant.
History of Deception
State Attorney General Rob Bonta, who heads the legal challenge, asserts that these corporations have been aware of the detrimental consequences of fossil fuels since the 1950s. However, instead of conveying the potential dangers to the general public, they chose to either negate or downplay the consequences. Evidence cited in the lawsuit includes:
- A 1968 report from the Stanford Research Institute warned of “significant temperature changes” due to carbon dioxide emissions.
- An internal Exxon memo from 1978 indicated that decisive actions on energy strategies would soon be critical.
The New York Times has highlighted a 135-page complaint that describes the oil companies’ intentional withholding of information as a factor that stunted societal response to global warming.
Repercussions of Inaction
California’s multifaceted terrain, ranging from vast forests to sprawling coastlines, has been subjected to a spate of climate-induced catastrophes. The state has experienced:
- Unprecedented heatwaves
- Debilitating droughts
- Rampant wildfires
Governor Gavin Newsom expresses deep discontent over this situation, commenting on the tragic repercussions that could potentially have been mitigated had there been a timely dissemination of information by the oil corporations. He points to the considerable expenses the state has had to shoulder due to climate-related damages.
The objective of the Lawsuit
Bonta’s primary aim is not to seek reparation for a specific incident but to establish a fund. This reserve would be instrumental in:
- Recovery efforts post-extreme weather incidents
- Statewide climate adaptation and mitigation initiatives
- Protection of California’s rich natural resources from environmental degradation
Additionally, it seeks to prevent the accused companies from disseminating any more misleading statements about fossil fuel’s impact on climate change.
Industry’s Reaction
Although these allegations are serious, the oil companies under fire have stayed notably quiet. The American Petroleum Institute, on the other hand, hasn’t held back its opinion on the matter. Just like they’ve done before in response to comparable lawsuits, they argue that climate policy should be a matter left to the Big Guns – the President and Congress. In their view, piecemeal court rulings simply shouldn’t be calling the shots.
Context and Broader Implications
California’s legal action follows a trend of similar suits by other US cities, states, and counties, aiming to hold the fossil fuel sector accountable for its purported role in climate change and its catastrophic ramifications. This suit is especially momentous due to California’s significance both as an influential state and as a substantial oil and gas producer.
Comparisons to Historical Litigations
The parallels drawn between this lawsuit and the groundbreaking cases against Big Tobacco and pharmaceutical giants emphasize the potential turning point we may be witnessing. Just as the former set precedents for holding corporations responsible for public health crises, California’s suit against oil majors might blaze a trail for future environmental litigations. For decades, the tobacco industry faced accusations of downplaying the health risks associated with smoking. Similarly, pharmaceutical companies have been held responsible for their role in the opioid epidemic. These litigations not only resulted in substantial financial settlements but also led to increased regulations, more stringent product labeling, and heightened public awareness. The hope is that the current lawsuit will lead to similar transformative changes in the fossil fuel industry.
Conclusion
As climate crises escalate globally, this lawsuit could set a transformative precedent for holding major corporations accountable. With echoes of past litigations against Big Tobacco and the pharmaceutical industry, the outcome of this case might have far-reaching consequences for climate change discourse and corporate responsibility, paving the way for a more transparent and accountable future.

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