After ensuring American’s health, economic recovery from the pandemic will be next on the to-do list.
Large corporations will help the economy recover from the pandemic by buying the goods and services from 1.1 million small supplier businesses*, many of which are owned by minorities, women, LGBTQ+, individuals with disabilities, and veterans.
by ForbesWomen
Photo: Stefanie Francis, founder of Hootology is second from the right HOOTOLOGY
After ensuring American’s health, economic recovery will be next on the to-do list. Access to financing will play a huge role but so, too, will access to customers and vendors. Having customers who spend billions on goods and services, such as the Fortune 1000 companies, increases your chances for high growth.
It is a mutually beneficial relationship between small and big businesses. Large corporations buy the goods and services from 1.1 million small supplier businesses*, many of which are owned by minorities, women, LGBTQ+, individuals with disabilities, and veterans. These diverse businesses are what Hello Alice calls the “New Majority.” Alice is a predictive technology platform that, no matter your stage of business or skill set, helps you find the answers, resources, and support you need.
The benefits to the Fortune 1000 are that diverse small businesses:
- Produce innovative products/services for them to use or sell.
- Increase competition, resulting in better prices and service levels.
- Enable them to serve emerging and untapped markets.
- Purchase their products and services.
- Are acquisition candidates.
- Highlight their commitment to diversity and inclusion, and a shared and durable prosperity.
- Help them be flexible, agile, and resilient.
