Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for the ‘Radio’ Category

Regional Conference Helps African American Students Develop Careers in Accounting

Posted by Hopeton on September 12, 2013

Raphael Irving

Raphael Irving

Since its founding in 1969, the National Association of Black Accountants (NABA) has played a major role in helping African Americans in the accounting industry, both students, and professionals, build successful careers.  On Economic Perspectives this past Monday, the Western Region President , Raphael Irving, talked about how college students will benefit from participating in the NABA Southwest-Western Region Student Conference which will be held in Houston October 3 – 5.  To listen to the interview click here: 

This year’s conference, as in past years, will offer seminars and workshops designed to enhance your communicative and interpersonal skills and provide tools that will allow for a smoother transition into the professional environment. The conference will also offer the optimum forum to interact with students from other colleges and universities.

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PODCAST: How to Build a Successful Small Business

Posted by Hopeton on September 10, 2013

Brian Walters

Brian Walters

Management consultant Brian Walters recently discussed what is takes to be successful in business on Economic Perspectives. Walters, who teaches business courses at Austin Community College, has an MBA and over two decades of corporate and consulting experience.  To listen to the interview click here:

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Interview with Founders of Capital City Black Film Festival

Posted by Hopeton on August 13, 2013

Winston Williams

Winston Williams

Winston G. and Harrell D. Williams, brothers and co-founders of the Capital City Black Film Festival talked about their passion for filmmaking and their path to creating the festival on the

Harrell Williams

Harrell Williams

August 12 edition of Economic Perspectives.  The film festival, which debuts in Austin September 26 – 28, exists to provide burgeoning Black filmmakers from across the nation an opportunity to showcase their works in one of the top cities in the United States for independent filmmakers.

To listen to the interview click here:

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PODCAST: Interview with Austin Free-Net About Digital Inclusion

Posted by Hopeton on July 29, 2013

Juanita Budd

Juanita Budd

Juanita Budd, executive director of Austin Free-Net, was interviewed on Economic Perspectives about digital inclusion in April.    To listen to the interview click here: .

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Preserving Social Security and It’s Importance to African Americans

Posted by Hopeton on February 16, 2013

One of the most important aspects of economics in the African American community is Social Security.  According to the  research of the National Committee to Preserve Social Security and Medicare (NCPSSM), about 75 percent of the African American beneficiaries are dependent on Social Security for at least half of their income and 40 percent of them rely on it  for all of their income.  To learn more about the impact of Social Security on African Americans listen to the podcast of my Economic Perspectives interview with Max Richtman, President of NCPSSM: Max Richtman Interview.

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Challenges of Texas Hispanic Businesses Focus of September 10 Economic Perspectives

Posted by Hopeton on September 9, 2012

Dr. Elsie Echeverri-Carroll and Dr. Bruce Kellison will discuss The Survey of Texas Hispanic-Owned Businesses with Paid Employees on the September 10 Economic Perspectives at 5:30 p.m. CT.  Echeverri-Carroll and Kellison are researchers at The University of Texas at Austin Bureau of Business Research. Enclosed below is the press release announcing the survey results.

The two most critical challenges for Hispanic-owned businesses to grow are overcoming a lack of training in management and communication skills and gaining better access to markets, according to new research of Hispanic-owned businesses in Texas from The University of Texas at Austin. The study provides a fresh look at the challenges these mostly small businesses face.

The “Survey of Texas Hispanic-owned Businesses with Paid Employees”was producedby the university’s Bureau of Business Research (BBR) for the Texas Association of Mexican American Chambers of Commerce (TAMACC). The report findings are being presented today at the TAMACC annual meeting in San Antonio by the Bureau’s Bruce Kellison and Elsie Echeverri-Carroll, the principal investigators.

The university invested $155,000 in the survey through the Herb Kelleher Center at the McCombs School of Business and the Office of the President of The University of Texas at Austin. The Ewing Marion Kauffman Foundation also funded the survey.

“We were pleased to help the Texas Association of Mexican American Chambers of Commerce in studying this important economic issue,” said university President Bill Powers. “A better understanding of the challenges faced by Texas’ Hispanic businesses will allow TAMACC to identify strategies to help these businesses grow and help create jobs and new opportunity in Texas.”

“We’re paying attention to this demographic because Hispanic-owned businesses create jobs for Texans, and their ability to scale is critical to the Texas economy,” said McCombs Dean Tom Gilligan.

The survey is based on the results of a mail survey of 2,811 Texas-based Hispanic businesses with paid employees conducted between July 2011 and August 2012. Findings include:

Most Hispanic-owned businesses in Texas start small and stay small even after many years of operation.

  • Forty-seven percent of Hispanic businesses with paid employees have between 1 and 4 employees, and 73 percent have fewer than 25 employees.
  • Eighty percent of young firms (5 years or younger) have fewer than 10 employees, while 66 percent of mature firms (16 years or older) still have fewer than 10 employees.

Hispanic business owners have high educational attainment.

  • Hispanic owners of businesses with paid employees have higher educational achievements than the general Hispanic population: 77 percent of the employers have some kind of post-high-school education, compared with 34 percent of Texas Hispanics in general over the age of 25.
  • Hispanic entrepreneurs also have many years of business experience; 56 percent of respondents have more than 20 years of business experience in their current business.
  • Many of the Hispanic business owners indicated that their employees need training, particularly in team management and leadership (24 percent), business/customer relations (16 percent) and written and oral communication (14 percent).

Promoting Hispanic business ownership can increase Hispanic employment.

  • More than 80 percent of the respondents indicated that they hire mainly Hispanics or an equal number of Hispanics and non-Hispanics. These findings are in line with previous census results that show business owners tend to hire more employees in their own ethnic groups.

Hispanic business owners feel they have less access to private and public market opportunities.

  • A larger percentage of respondents agree that they do not have equal access to government and private sector customers than disagree with such statements. Moreover, while 34 percent of respondents agree that they do not have equal opportunities in the private sector, a much larger proportion — 49 percent — agree that they do not have equal opportunities in the public sector.

“The information provided has yielded valuable insights, and we hope that this report will be useful to the survey participants as well as to other business owners who plan to start or expand their businesses,” said Echeverri-Carroll, one of the study’s principal investigators. “The Bureau of Business Research at The University of Texas at Austin is pleased to have produced this study in order to help Hispanic business owners succeed and continue to contribute vital strength to the Texas economy.”

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Economic Perspectives Guests Discuss The African American Chambers of Commerce Convention and The World’s Most Powerful Women

Posted by Hopeton on August 26, 2012

The guests on Monday evening’s edition of Economic Perspectives are Jim Wyatt, president of the Texas Association of African American Chambers of Commerce and Moira Forbes, publisher of ForbesWoman.  Listen live on KAZI 88.7 FM in Austin, TX or online at kazifm.org.

Wyatt will discuss the upcoming TAAACC Annual Convention being held September 13-15 in Austin, Texas.  More information on the convention is available at taaacc.org.

Moira Forbes will discuss ForbesWoman’s Annual List of The World’s 100 Most Powerful Women. The list this year is topped by Germany’s Chancellor Angela Merkel.  Following Merkel, the top 5 include Secretary of State Hilary Clinton (2), Brazil’s president Dilma Rousseff (3). Melinda Gates (4), co-chairman of the Bill and Melinda Gates Foundation, and Jill Abramson (5), executive editor of The New York Times. For a complete list click here: http://www.forbes.com/power-women/.

Other notable members of the list include First Lady Michelle Obama (7), Sheryl Sandberg (10), COO of Facebook; media mogul Oprah Winfrey (11), singer Lady Gaga (14), and Ursula Burns, CEO of Xerox.

Moira Forbes is publisher of ForbesWoman, a multi-media platform serving successful women in business and leadership. Representing four generations of publishers, Moira joined Forbes in 2001 in its London office. She graduated from Princeton University.

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Heart, Smarts, Guts, and Luck: Traits for Success in Business

Posted by Hopeton on August 26, 2012

What are the defining traits crucial for a leader to build a business?  According to the research conducted by venture capitalist Anthony Tjan and his co-authors Richard Harrington and Tsun-Yan Hsieh,  heart, smarts, guts and luck are the attributes that all successful business leaders share. Tjian shares these insights and others on the Monday morning edition of Economic Perspectives at 7:30 a.m. CT on KAZI 88.7 FM.  Listen live online at kazifm.org.

Tony Tjan with music legend Quincy Jones

Anthony K. Tjan (Tony) is the co-author of Heart, Smarts, Guts, and Luck: What It Takes to Be an Entrepreneur and Build a Great Business.  Tjan is Managing Partner of Cue Ball, a venture capital firm based in Boston. Most recently, Tony was Senior Partner at The Parthenon Group, a leading strategic advisory firm where he continues as its Vice Chairman. He spent seven years as a special strategic advisor to The Thomson Corporation, and its then CEO, Richard Harrington (now his Partner at Cue Ball). At Thomson, he played a key role working alongside the CEO on its transformational growth strategy. In 1996, Tony founded and was CEO of the Internet services firm ZEFER, a pioneer in early commercial web initiatives. Tony started his career with McKinsey & Company and holds his AB and MBA degrees from Harvard University. He was also a Fellow at the Harvard Kennedy School of Government. Tony sits on several boards, is a contributor to Harvard Business Review, and is on the Editorial Advisory Board of MIT Tech Review.

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City of Austin Upcoming Bond Election Focus of March 19 Economic Perspectives

Posted by Hopeton on March 18, 2012

Don Baylor

Don Baylor, a member of the City of Austin Bond Election Advisory Task Force will be a guest on the March 19 edition of Economic Perspectives at 5:30 p.m. central time on KAZI 88.7 FM.  Listen live online at kazifm.org.

The City of Austin is planning a Bond Election where voters will get to decide whether the city should borrow money to fund specified city infrastructure, facilities, or other capital improvement projects or programs.  Four community meetings on potential projects for the Bond Election are scheduled for late March beginning on March 20.

The Task Force, City staff, and the community will work together over the next several months to identify and review potential projects and programs for future bond funding. In May 2012, the Task Force will provide recommendations for the City Council to consider when developing a potential bond package.

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Listen to Interview About Growing Your Business with Doug and Polly White

Posted by Hopeton on October 23, 2011

If you’re an entrepreneur struggling with defining your role in the business you may want to listen to my interview with Doug and Polly White, authors of Let Go to Grow. In their book, the authors contend that for a business to reach the next level of success the owner has to ” let go of daily responsibilities and delegate tasks to trusted employees and managers.”  To listen to my interview with Doug and Polly White click here:  Doug and Polly White Interview.

Using real life examples, Let Go to Grow illustrates how the principal’s skill-set must change to allow the business to prosper. But, it goes beyond simply spelling out what needs to be done; the book explains how to do it in clear, concise and practical terms. Let Go to Grow is a must-read that helps principals transition their businesses into growing and thriving enterprises.

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