SlideShare a Scribd company logo
1 of 79
Mentality of Success

                 Learning From the
                 Immigrant Business
                 Experience


Richard Herman        17th Annual Hispanic
                     Leadership Conference
Key to Success:

“think like an
  immigrant”
       Omid Kordestani
“IMMIGRANT, INC” ---- A CULTURE

           Family
          Education
      Entrepreneurship
        Self-Reliance
            Thrift
 Love of Country & the Dream
….Isn’t “Immigrant”
  a Dirty Word?
George Carlin‟s 7 Dirty Words
182
Number                     146
of Shows
Including
                                     74
Discussion
of Illegal
Immigration
                Lou
in 2007                 O'Reilly
               Dobbs               Glenn
                        Factor
              Tonight              Beck
52%
                             45%
Proportions                           39%
of Discussions
on Illegal
Immigration
Mentioning
Crime in 2007      Lou
                           O'Reilly
                  Dobbs               Glenn
                           Factor
                 Tonight              Beck
Immigration and Crime FACTS




 San Diego, Phoenix, El Paso, and Austin


 Immigrant Incarceration Rates are one-fifth
the incarceration rates of people born in the U.S.
Run for the Border
           3 Mile Run
 Get your Green Cards Stamped
Growing Corn,
Not Raising Families
We don’t talk about
immigrants as the Dream-
    Keepers, the Job-
 Creators, the Bedrock of
   Family-Values, the
  ENGINE that makes
     America work!
A New Local/National Movement:
   Welcoming Immigrants to Spur
         Economic Growth
Chicago Mayor‟s
Office for New
Americans




Global Philly
Immigrant-Founded Companies







           Compiled by Richard Herman, www.ImmigrantInc.com
 2.8 Million Businesses
Latino-
            $400 Billion in Annual
Owned        Revenue
Business    $65 Billion in Payroll
            2.2 Million Employees
in USA
Immigrants Start
    Companies & Create Jobs

*    40% of Fortune 500 companies were
     founded by an immigrant or child of
     an immigrant
*    These companies employ 10 million
     people worldwide, and generate
     $4,200,000,000,000 in revenue per year
            2011 study by Partnership for a New American Economy
7 of 10 most valuable brands in the
world were created by U.S. immigrants
    or children of U.S. immigrants

Ford        Google             Intel
GE          Budweiser          Home Depot
AT&T        McDonald’s         U.S. Steel
Boeing      IBM                Dow
Disney      Kraft              UPS
Apple       Procter & Gamble   Estee Lauder
Hertz       Levi’s             DuPont
Pfizer      Bank of America    Heinz
Ohio Immigrant Entrepreneurs &
       Consumers: The Facts


• 13,740 Asian owned businesses had sales of $5.1
billion, and employed 42,955 people
•7,109 Latino owned businesses had sales of $1.3
billion and employed 11,348 people
•2009 purchasing power of Ohio’s Latino’s totaled
$6.6 billion (increasing 334% since 1990)
•Asian buying power totaled $6.9 billion (increase
of 270% since 1990)
“To immigrate is an
entrepreneurial act”
      --Ed Roberts, Founder
    MIT Entrepreneurship Center
In 2012, with the Rust Belt &
 U.S. economy stuck in first
      gear, it’s time we
remember……..how to drive
    the economy …..FAST
we welcome the
 job-creators
When it comes to job
growth, STARTUP
companies aren’t
everything……..
they’re the ONLY
THING!
STARTUPS:
New employment paradigm

•   ALL net job creation in America over last
    25 years comes from STARTUPS ---
    creating 40 million new jobs

•   New Firms add an average of 3 million
    jobs in first year

•   Older companies lost 1 million jobs
    annually
              •         --- Kauffman Foundation
So WHO are
 behind the
 startups in
  America?
USA: Immigrants Driving the
       New Economy
            &
    Urban Revitalization

*  Immigrants twice as likely as native-born
   to start a business;
 * Immigrants founded more than 50% of the
    high-tech companies in Silicon Valley;
 * Immigrants are more likely to earn an
    advanced degree, invent something,
    and be awarded a U.S. patent;
The venture capitalists know a
      deal when they see one


 *   25 % O F A L L P U B L I C , V E N T U R E -
     BACKED FIRMS IN U.S. FOUNDED BY
     IMMIGRANTS

 *   A D D H I G H T E C H L A B E L , P E R C E N TA G E
     INCREASES TO 40%

 *   MARKET CAP OF $500 BILLION ---
     PUBLIC, VENTURE BACKED
     I M M I G R A N T C O M PA N I E S
Immigrants Are Driving
         U.S. Innovation

*   Immigrants filing patents at
    twice rate of American-
    born.
*   Immigrant patent filings:
    72% Qualcomm, 65% Merck,
    64% GE, 60% Cisco
Intl Students Who Stay = Jobs for U.S.



For every 100 international students who
stay after earning U.S. advanced degrees
in science, technology, engineering or
math a CREATE 262 JOBS IN AMERICA
                 2011 Study by American Enterprise Institute &
                 Partnership for New American Economy:
And not just PhD
international students -----
     all hard- working
         immigrants
       with a dream.

    It’s all connected.
REFUGEES CAN CHANGE
    THE WORLD
How About Undocumented
Workers & Lower Skilled Jobs?


  *   Undocumented Workers
      Negatively Impact U.S. Worker
      Wages by 0.15 % ---less than 2/10 of
      of 1%
                        U.S. Federal Reserve Bank, Atlanta


  *   E a c h L o we r- S k i l l e d , N o n - A g Wo r k e r
      i n S h o r t a g e O c c u p a t i o n c re a t e s 4 . 6
      American Jobs.
                        Partnership New American Economy
Immigrants largely
compliment, not
displace, American-born
workforce.

Immigrant workers usually
work in high-skilled or lower
skilled jobs, where U.S. has a
shortage of workers.




Today, there are about 3
million unfilled jobs in
America
$1.5 trillion added to GDP
       in next 10 years


….If we legalize the 11 million
undocumented persons in U.S.
                    Study at UCLA, 2010
Immigrants Can Drive Exports




 Research in Sweden demonstrates that a 10
 percent increase in immigrant
 population was linked to a 6 percent
 increase in bilateral trade with the
 immigrants‟ home country.
Immigrants have created millions of jobs for
     Americans, and will create millions more….
if we let them --- in advanced manufacturing, clean
   energy, biotech, advanced materials, exports….
No Thank You!
This is what NYC Mayor
    Bloomberg calls:

“National Suicide.”
A New Local/National Movement:
   Welcoming Immigrants to Spur
         Economic Growth
Chicago Mayor‟s
Office for New
Americans




Global Philly
Conversation on Immigration & Immigrants

             BROKEN
“The richest regions are
those with the highest
proportion of immigrants.”
       President’s Commission on
       Immigration, 1953
Want to Win?
  Build the most
powerful teams on
     the planet
  (just like NBA)
Talent is the
New Oil.
Drill, Baby, Dr
ill!
“World Is Flat” Guy, Tom Friedman


         “Pour into the America the
         most diverse, smart and
         energetic immigrants
         from every corner of the
         world and the stir and
         repeat, stir and
         repeat, stir and repeat.”
It’s important that we
understand WHY so many
Americans fear and loathe
   the new immigrants
America’s Demographics Are
        A-Changin’

*   Last decade, 85% of population
    increase from racial & ethnic
    minorities

*   1 out of 7 new marriages are
    interracial
*   Young whites (under 18) are the
    minority in 10 states, including
    Arizona

*   By 2021, the majority of
    children 4 and under will be
    minority

*   By 2042, the majority of all
    Americans will be minority
it’s all connected
What Does the New Economy
          Crave?



    HYPER-
 CONNECTIVITY
Silicon Valley Economy Network
Cleveland Economy Network
“Iam concerned by the
                      majority’s attempt to
                      manufacture tension
                      between African-
                      Americans and
                      immigrant
                      communities. It seems
                      as though they would like
March 1, 2011, Rep.   for our communities to
Emanuel Cleaver (D-   think about immigration
MO), Congressional    in terms of „us versus
Black Caucus          them,‟ and I reject that
                      notion.”
John Sibley
Butler, Director of
Entrepreneurship, Uni
versity of Texas, Austin
Putting Out the
         Welcome Mat


     -Building the “Intercultural City”

-Abandoning practice of segregated diversity

         Our Future Is in the “Mix”
After decades of
out-migration,
Philly shows
population
increase for first
time in 60 years -
-- in large part
due to influx of
immigrants
between 2000 Philly enjoys an ecosystem that
                   welcomes & connects
and 2010           immigrants, revitalizing
                   neighborhoods
Nearly 2/3 of America
 is an immigrant, a
child or grandchild of
  an immigrant, or
    married to an
      immigrant
some came to these shores
voluntarily……..some did not
It’s in our DNA
we are strivers and survivors
We Are All Immigrants
Can Immigrants Help Save
the Rust Belt & U.S. Economy?
7 Steps to
“thinking like an immigrant”


1.) Explore the world.
Become a “Marco Polo.” (get
out of your comfort zone)
7 Steps to
  “thinking like an immigrant

2.) Education. Take more classes!
Regardless of your age or stage in
life, never forget that your “inner
immigrant” craves life-long education and
reveres education as an asset than can
never be taken away from you.
7 Steps to
   “thinking like an immigrant



3.) Honor Parents‟ Sacrifice. “Honor
thy father and thy mother.” Honor their
sacrifice with every step you take toward
your dream. Leverage this motivation ---
fulfill your moral duty to achieve success.
7 Steps to
   “thinking like an immigrant


4.) Collaborate & Team-Up. Find the
best partners. You can’t do it alone. Find
the very best partner (often this will be an
immigrant) and team-up. Look to groups
like
HBA, TiE, HYSTA, NSHMBA, Techwadi.
7 Steps to
   “thinking like an immigrant


5.) Take Risk. Make some big bets in
your business and professional career.
Immigrant business success has a lot to
do with high risk tolerance.
7 Steps to
   “thinking like an immigrant

6.) Embrace Desperation. Act like
you have nothing to fall back on, and
work like your life depends on it.
Convince yourself that your savings
account is empty, and that your daily
work offers the only hope of survival. Eat
what you kill!
7 Steps to
“thinking like an immigrant



7.) Dream.
And dream BIG!
Want
Success?

THINK LIKE   For More Info:
AN            www.ImmigrantInc.com
IMMIGRANT!

More Related Content

What's hot

What Is Globalization
What Is GlobalizationWhat Is Globalization
What Is Globalization
Joe McClung
 
Top-10-Reasons-Infographic-Nov.16
Top-10-Reasons-Infographic-Nov.16Top-10-Reasons-Infographic-Nov.16
Top-10-Reasons-Infographic-Nov.16
Alexandra Harris
 
Sound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
Sound Investments – Building Immigrants’ Skills to Fuel the Economic GrowthSound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
Sound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
PAPartners
 
Population Control, In Defense Of Human Capital By Cong. Roilo Golez
Population Control, In Defense Of Human Capital By Cong. Roilo GolezPopulation Control, In Defense Of Human Capital By Cong. Roilo Golez
Population Control, In Defense Of Human Capital By Cong. Roilo Golez
amado sandoval
 
The CEO Manual 4 Kids
The CEO Manual 4 KidsThe CEO Manual 4 Kids
The CEO Manual 4 Kids
sailoreye0
 

What's hot (20)

What Is Globalization
What Is GlobalizationWhat Is Globalization
What Is Globalization
 
US Immigrants - Friends or Fiends
US  Immigrants - Friends or FiendsUS  Immigrants - Friends or Fiends
US Immigrants - Friends or Fiends
 
Top-10-Reasons-Infographic-Nov.16
Top-10-Reasons-Infographic-Nov.16Top-10-Reasons-Infographic-Nov.16
Top-10-Reasons-Infographic-Nov.16
 
An Overview of the Current Working Generations
An Overview of the Current Working GenerationsAn Overview of the Current Working Generations
An Overview of the Current Working Generations
 
Sound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
Sound Investments – Building Immigrants’ Skills to Fuel the Economic GrowthSound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
Sound Investments – Building Immigrants’ Skills to Fuel the Economic Growth
 
Population Control, In Defense Of Human Capital By Cong. Roilo Golez
Population Control, In Defense Of Human Capital By Cong. Roilo GolezPopulation Control, In Defense Of Human Capital By Cong. Roilo Golez
Population Control, In Defense Of Human Capital By Cong. Roilo Golez
 
The CEO Manual 4 Kids
The CEO Manual 4 KidsThe CEO Manual 4 Kids
The CEO Manual 4 Kids
 
America21-BDPA Innovation Leadership Summit Dinner - final
America21-BDPA Innovation Leadership Summit Dinner - finalAmerica21-BDPA Innovation Leadership Summit Dinner - final
America21-BDPA Innovation Leadership Summit Dinner - final
 
NAFTA and USMCA powerpoint
NAFTA and USMCA powerpointNAFTA and USMCA powerpoint
NAFTA and USMCA powerpoint
 
Mike Green - Economic Inclusion
Mike Green - Economic InclusionMike Green - Economic Inclusion
Mike Green - Economic Inclusion
 
Afrofutures?
Afrofutures?Afrofutures?
Afrofutures?
 
Ws420pwpt
Ws420pwptWs420pwpt
Ws420pwpt
 
Sarasota Summit 2007-Mary Furlong
Sarasota Summit 2007-Mary FurlongSarasota Summit 2007-Mary Furlong
Sarasota Summit 2007-Mary Furlong
 
BICI Organization Description & Rationale
BICI Organization Description & RationaleBICI Organization Description & Rationale
BICI Organization Description & Rationale
 
10 Immigration Facts Everyone Can Agree On
10 Immigration Facts Everyone Can Agree On10 Immigration Facts Everyone Can Agree On
10 Immigration Facts Everyone Can Agree On
 
Boom! Understanding Baby Boomers
Boom! Understanding Baby BoomersBoom! Understanding Baby Boomers
Boom! Understanding Baby Boomers
 
New World Order
New World OrderNew World Order
New World Order
 
What Does Obama Mean For International Development
What Does Obama Mean For International DevelopmentWhat Does Obama Mean For International Development
What Does Obama Mean For International Development
 
Millennials vs. Gen-X
Millennials vs. Gen-XMillennials vs. Gen-X
Millennials vs. Gen-X
 
3 No’s Of China
3 No’s Of China3 No’s Of China
3 No’s Of China
 

Viewers also liked

07.1 kemiskinan di indonesia
07.1 kemiskinan di indonesia07.1 kemiskinan di indonesia
07.1 kemiskinan di indonesia
sindu_57
 
Leaders are Made, Not Born
Leaders are Made, Not BornLeaders are Made, Not Born
Leaders are Made, Not Born
Eugene Lago
 
True leaders are born not made
True leaders are born not madeTrue leaders are born not made
True leaders are born not made
Ranjit Singh Thind
 

Viewers also liked (8)

LAPORAN KETERANGAN PERTANGGUNGJAWABAN AKHIR MASA JABATAN GUBERNUR KALIMANTA...
LAPORAN KETERANGAN PERTANGGUNGJAWABAN  AKHIR MASA JABATAN  GUBERNUR KALIMANTA...LAPORAN KETERANGAN PERTANGGUNGJAWABAN  AKHIR MASA JABATAN  GUBERNUR KALIMANTA...
LAPORAN KETERANGAN PERTANGGUNGJAWABAN AKHIR MASA JABATAN GUBERNUR KALIMANTA...
 
07.1 kemiskinan di indonesia
07.1 kemiskinan di indonesia07.1 kemiskinan di indonesia
07.1 kemiskinan di indonesia
 
Leaders are Made, Not Born
Leaders are Made, Not BornLeaders are Made, Not Born
Leaders are Made, Not Born
 
True leaders are born not made
True leaders are born not madeTrue leaders are born not made
True leaders are born not made
 
CV Kanaidi, SE., M.Si., cSAP (Pembicara / Narasumber / Fasilitator / Pemateri )
CV Kanaidi, SE., M.Si., cSAP (Pembicara / Narasumber / Fasilitator / Pemateri  )CV Kanaidi, SE., M.Si., cSAP (Pembicara / Narasumber / Fasilitator / Pemateri  )
CV Kanaidi, SE., M.Si., cSAP (Pembicara / Narasumber / Fasilitator / Pemateri )
 
Leaders are born and not made
Leaders are born and not madeLeaders are born and not made
Leaders are born and not made
 
Are Leader Born or Made?
Are Leader Born or Made?Are Leader Born or Made?
Are Leader Born or Made?
 
Are Leaders Born? Or Are They Made? - Linked 2 Leadership
Are Leaders Born? Or Are They Made? -  Linked 2 LeadershipAre Leaders Born? Or Are They Made? -  Linked 2 Leadership
Are Leaders Born? Or Are They Made? - Linked 2 Leadership
 

Similar to Mentality of Success: Learning from the Immigrant Business Experience

Literature Review – Immigrant Entrepreneurs
Literature Review – Immigrant EntrepreneursLiterature Review – Immigrant Entrepreneurs
Literature Review – Immigrant Entrepreneurs
Daniel Arvidsson
 
pathways-to-progress7contributions-of-immigrants
pathways-to-progress7contributions-of-immigrantspathways-to-progress7contributions-of-immigrants
pathways-to-progress7contributions-of-immigrants
Jennifer A. Boggs, J.D.
 
TCW GLOBAL MIGRATION LESSON 10.pptx
TCW GLOBAL MIGRATION LESSON 10.pptxTCW GLOBAL MIGRATION LESSON 10.pptx
TCW GLOBAL MIGRATION LESSON 10.pptx
winstonpirote
 
Running head IMMIGRATION1Surname 1NameProfessorCour.docx
Running head IMMIGRATION1Surname 1NameProfessorCour.docxRunning head IMMIGRATION1Surname 1NameProfessorCour.docx
Running head IMMIGRATION1Surname 1NameProfessorCour.docx
charisellington63520
 

Similar to Mentality of Success: Learning from the Immigrant Business Experience (12)

Literature Review – Immigrant Entrepreneurs
Literature Review – Immigrant EntrepreneursLiterature Review – Immigrant Entrepreneurs
Literature Review – Immigrant Entrepreneurs
 
pathways-to-progress7contributions-of-immigrants
pathways-to-progress7contributions-of-immigrantspathways-to-progress7contributions-of-immigrants
pathways-to-progress7contributions-of-immigrants
 
Persuasive Essay Immigration
Persuasive Essay ImmigrationPersuasive Essay Immigration
Persuasive Essay Immigration
 
The Hustle Economy: The Real Worth and Value of African Americans
The Hustle Economy: The Real Worth and Value of African AmericansThe Hustle Economy: The Real Worth and Value of African Americans
The Hustle Economy: The Real Worth and Value of African Americans
 
Illegal Immigration Essay
Illegal Immigration EssayIllegal Immigration Essay
Illegal Immigration Essay
 
TCW GLOBAL MIGRATION LESSON 10.pptx
TCW GLOBAL MIGRATION LESSON 10.pptxTCW GLOBAL MIGRATION LESSON 10.pptx
TCW GLOBAL MIGRATION LESSON 10.pptx
 
Hispanic Entrepreneurs
Hispanic EntrepreneursHispanic Entrepreneurs
Hispanic Entrepreneurs
 
Gus
GusGus
Gus
 
Final project
Final projectFinal project
Final project
 
Restaurant Evaluation Essay Sample. Online assignment writing service.
Restaurant Evaluation Essay Sample. Online assignment writing service.Restaurant Evaluation Essay Sample. Online assignment writing service.
Restaurant Evaluation Essay Sample. Online assignment writing service.
 
Transnational Entrepreneurship: Beyond the Bodega
Transnational Entrepreneurship: Beyond the BodegaTransnational Entrepreneurship: Beyond the Bodega
Transnational Entrepreneurship: Beyond the Bodega
 
Running head IMMIGRATION1Surname 1NameProfessorCour.docx
Running head IMMIGRATION1Surname 1NameProfessorCour.docxRunning head IMMIGRATION1Surname 1NameProfessorCour.docx
Running head IMMIGRATION1Surname 1NameProfessorCour.docx
 

More from Richard Herman

Latino Business Community Meetup: Discuss Upcoming Elections & Leveraging Gr...
Latino Business Community Meetup:  Discuss Upcoming Elections & Leveraging Gr...Latino Business Community Meetup:  Discuss Upcoming Elections & Leveraging Gr...
Latino Business Community Meetup: Discuss Upcoming Elections & Leveraging Gr...
Richard Herman
 
Columbus Community Relations: leading discussion on immigration
Columbus Community Relations:  leading discussion on immigrationColumbus Community Relations:  leading discussion on immigration
Columbus Community Relations: leading discussion on immigration
Richard Herman
 
Cleveland.shrinking.city2
Cleveland.shrinking.city2Cleveland.shrinking.city2
Cleveland.shrinking.city2
Richard Herman
 
I Stand With Immigrants
I Stand With ImmigrantsI Stand With Immigrants
I Stand With Immigrants
Richard Herman
 

More from Richard Herman (20)

What Do You Think of When YOU Hear the Word "Immigrant"?
What Do You Think of When YOU Hear the Word "Immigrant"?What Do You Think of When YOU Hear the Word "Immigrant"?
What Do You Think of When YOU Hear the Word "Immigrant"?
 
Happy New Year from the Herman Legal Group
Happy New Year from the Herman Legal GroupHappy New Year from the Herman Legal Group
Happy New Year from the Herman Legal Group
 
the most entrepreneurial immigrant group in america today.....is.....
the most entrepreneurial immigrant group in america today.....is.....the most entrepreneurial immigrant group in america today.....is.....
the most entrepreneurial immigrant group in america today.....is.....
 
Latino Business Community Meetup: Discuss Upcoming Elections & Leveraging Gr...
Latino Business Community Meetup:  Discuss Upcoming Elections & Leveraging Gr...Latino Business Community Meetup:  Discuss Upcoming Elections & Leveraging Gr...
Latino Business Community Meetup: Discuss Upcoming Elections & Leveraging Gr...
 
Richard Herman: Contact Info
Richard Herman:  Contact InfoRichard Herman:  Contact Info
Richard Herman: Contact Info
 
Does Cleveland Welcome Immigrants?
Does Cleveland Welcome Immigrants?Does Cleveland Welcome Immigrants?
Does Cleveland Welcome Immigrants?
 
Columbus Community Relations: leading discussion on immigration
Columbus Community Relations:  leading discussion on immigrationColumbus Community Relations:  leading discussion on immigration
Columbus Community Relations: leading discussion on immigration
 
understanding the math: how immigrants build u.s. housing wealth --- at the ...
understanding the math:  how immigrants build u.s. housing wealth --- at the ...understanding the math:  how immigrants build u.s. housing wealth --- at the ...
understanding the math: how immigrants build u.s. housing wealth --- at the ...
 
Cleveland's Poverty Rate Increases 25% under Frank Jackson's Leadership
Cleveland's Poverty Rate Increases 25% under Frank Jackson's LeadershipCleveland's Poverty Rate Increases 25% under Frank Jackson's Leadership
Cleveland's Poverty Rate Increases 25% under Frank Jackson's Leadership
 
how does 1 million new jobs sound?
how does 1 million new jobs sound?how does 1 million new jobs sound?
how does 1 million new jobs sound?
 
Charlottes.web
Charlottes.webCharlottes.web
Charlottes.web
 
Jose.richard
Jose.richardJose.richard
Jose.richard
 
Cleveland.shrinking.city2
Cleveland.shrinking.city2Cleveland.shrinking.city2
Cleveland.shrinking.city2
 
Immigration: "Stupid is as Stupid does"
Immigration:  "Stupid is as Stupid does" Immigration:  "Stupid is as Stupid does"
Immigration: "Stupid is as Stupid does"
 
America Runs on Immigrants
America Runs on ImmigrantsAmerica Runs on Immigrants
America Runs on Immigrants
 
I Stand With Immigrants
I Stand With ImmigrantsI Stand With Immigrants
I Stand With Immigrants
 
I Stand With Immigrants
I Stand With ImmigrantsI Stand With Immigrants
I Stand With Immigrants
 
I Stand With Immigrants
I Stand With ImmigrantsI Stand With Immigrants
I Stand With Immigrants
 
Stand
StandStand
Stand
 
Revival of Cleveland's Old Chinatown
Revival of Cleveland's Old ChinatownRevival of Cleveland's Old Chinatown
Revival of Cleveland's Old Chinatown
 

Recently uploaded

zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdf
zukhrafshabbir
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Dubai Multi Commodity Centre
 

Recently uploaded (20)

8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deck
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybrid
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
The Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdfThe Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdf
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdf
 
Powers and Functions of CPCB - The Water Act 1974.pdf
Powers and Functions of CPCB - The Water Act 1974.pdfPowers and Functions of CPCB - The Water Act 1974.pdf
Powers and Functions of CPCB - The Water Act 1974.pdf
 
zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdf
 
Copyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to KnowCopyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to Know
 
Aptar Closures segment - Corporate Overview-India.pdf
Aptar Closures segment - Corporate Overview-India.pdfAptar Closures segment - Corporate Overview-India.pdf
Aptar Closures segment - Corporate Overview-India.pdf
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
 
Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.
 
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement CriteriaSedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon Components
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 

Mentality of Success: Learning from the Immigrant Business Experience

  • 1. Mentality of Success Learning From the Immigrant Business Experience Richard Herman 17th Annual Hispanic Leadership Conference
  • 2.
  • 3. Key to Success: “think like an immigrant” Omid Kordestani
  • 4. “IMMIGRANT, INC” ---- A CULTURE  Family  Education  Entrepreneurship  Self-Reliance  Thrift  Love of Country & the Dream
  • 6. George Carlin‟s 7 Dirty Words
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. 182 Number 146 of Shows Including 74 Discussion of Illegal Immigration Lou in 2007 O'Reilly Dobbs Glenn Factor Tonight Beck
  • 13. 52% 45% Proportions 39% of Discussions on Illegal Immigration Mentioning Crime in 2007 Lou O'Reilly Dobbs Glenn Factor Tonight Beck
  • 14. Immigration and Crime FACTS  San Diego, Phoenix, El Paso, and Austin  Immigrant Incarceration Rates are one-fifth the incarceration rates of people born in the U.S.
  • 15. Run for the Border 3 Mile Run Get your Green Cards Stamped
  • 17. We don’t talk about immigrants as the Dream- Keepers, the Job- Creators, the Bedrock of Family-Values, the ENGINE that makes America work!
  • 18. A New Local/National Movement: Welcoming Immigrants to Spur Economic Growth Chicago Mayor‟s Office for New Americans Global Philly
  • 19. Immigrant-Founded Companies   Compiled by Richard Herman, www.ImmigrantInc.com
  • 20.  2.8 Million Businesses Latino-  $400 Billion in Annual Owned Revenue Business  $65 Billion in Payroll  2.2 Million Employees in USA
  • 21. Immigrants Start Companies & Create Jobs * 40% of Fortune 500 companies were founded by an immigrant or child of an immigrant * These companies employ 10 million people worldwide, and generate $4,200,000,000,000 in revenue per year 2011 study by Partnership for a New American Economy
  • 22.
  • 23. 7 of 10 most valuable brands in the world were created by U.S. immigrants or children of U.S. immigrants Ford Google Intel GE Budweiser Home Depot AT&T McDonald’s U.S. Steel Boeing IBM Dow Disney Kraft UPS Apple Procter & Gamble Estee Lauder Hertz Levi’s DuPont Pfizer Bank of America Heinz
  • 24. Ohio Immigrant Entrepreneurs & Consumers: The Facts • 13,740 Asian owned businesses had sales of $5.1 billion, and employed 42,955 people •7,109 Latino owned businesses had sales of $1.3 billion and employed 11,348 people •2009 purchasing power of Ohio’s Latino’s totaled $6.6 billion (increasing 334% since 1990) •Asian buying power totaled $6.9 billion (increase of 270% since 1990)
  • 25. “To immigrate is an entrepreneurial act” --Ed Roberts, Founder MIT Entrepreneurship Center
  • 26. In 2012, with the Rust Belt & U.S. economy stuck in first gear, it’s time we remember……..how to drive the economy …..FAST
  • 27. we welcome the job-creators
  • 28. When it comes to job growth, STARTUP companies aren’t everything…….. they’re the ONLY THING!
  • 29. STARTUPS: New employment paradigm • ALL net job creation in America over last 25 years comes from STARTUPS --- creating 40 million new jobs • New Firms add an average of 3 million jobs in first year • Older companies lost 1 million jobs annually • --- Kauffman Foundation
  • 30. So WHO are behind the startups in America?
  • 31. USA: Immigrants Driving the New Economy & Urban Revitalization * Immigrants twice as likely as native-born  to start a business;  * Immigrants founded more than 50% of the high-tech companies in Silicon Valley;  * Immigrants are more likely to earn an advanced degree, invent something, and be awarded a U.S. patent;
  • 32. The venture capitalists know a deal when they see one * 25 % O F A L L P U B L I C , V E N T U R E - BACKED FIRMS IN U.S. FOUNDED BY IMMIGRANTS * A D D H I G H T E C H L A B E L , P E R C E N TA G E INCREASES TO 40% * MARKET CAP OF $500 BILLION --- PUBLIC, VENTURE BACKED I M M I G R A N T C O M PA N I E S
  • 33. Immigrants Are Driving U.S. Innovation * Immigrants filing patents at twice rate of American- born. * Immigrant patent filings: 72% Qualcomm, 65% Merck, 64% GE, 60% Cisco
  • 34. Intl Students Who Stay = Jobs for U.S. For every 100 international students who stay after earning U.S. advanced degrees in science, technology, engineering or math a CREATE 262 JOBS IN AMERICA 2011 Study by American Enterprise Institute & Partnership for New American Economy:
  • 35. And not just PhD international students ----- all hard- working immigrants with a dream. It’s all connected.
  • 36. REFUGEES CAN CHANGE THE WORLD
  • 37.
  • 38. How About Undocumented Workers & Lower Skilled Jobs? * Undocumented Workers Negatively Impact U.S. Worker Wages by 0.15 % ---less than 2/10 of of 1% U.S. Federal Reserve Bank, Atlanta * E a c h L o we r- S k i l l e d , N o n - A g Wo r k e r i n S h o r t a g e O c c u p a t i o n c re a t e s 4 . 6 American Jobs. Partnership New American Economy
  • 39. Immigrants largely compliment, not displace, American-born workforce. Immigrant workers usually work in high-skilled or lower skilled jobs, where U.S. has a shortage of workers. Today, there are about 3 million unfilled jobs in America
  • 40. $1.5 trillion added to GDP in next 10 years ….If we legalize the 11 million undocumented persons in U.S. Study at UCLA, 2010
  • 41. Immigrants Can Drive Exports  Research in Sweden demonstrates that a 10 percent increase in immigrant population was linked to a 6 percent increase in bilateral trade with the immigrants‟ home country.
  • 42. Immigrants have created millions of jobs for Americans, and will create millions more…. if we let them --- in advanced manufacturing, clean energy, biotech, advanced materials, exports….
  • 44. This is what NYC Mayor Bloomberg calls: “National Suicide.”
  • 45. A New Local/National Movement: Welcoming Immigrants to Spur Economic Growth Chicago Mayor‟s Office for New Americans Global Philly
  • 46. Conversation on Immigration & Immigrants BROKEN
  • 47. “The richest regions are those with the highest proportion of immigrants.” President’s Commission on Immigration, 1953
  • 48. Want to Win? Build the most powerful teams on the planet (just like NBA)
  • 49. Talent is the New Oil. Drill, Baby, Dr ill!
  • 50. “World Is Flat” Guy, Tom Friedman “Pour into the America the most diverse, smart and energetic immigrants from every corner of the world and the stir and repeat, stir and repeat, stir and repeat.”
  • 51. It’s important that we understand WHY so many Americans fear and loathe the new immigrants
  • 52. America’s Demographics Are A-Changin’ * Last decade, 85% of population increase from racial & ethnic minorities * 1 out of 7 new marriages are interracial
  • 53.
  • 54. * Young whites (under 18) are the minority in 10 states, including Arizona * By 2021, the majority of children 4 and under will be minority * By 2042, the majority of all Americans will be minority
  • 55.
  • 56.
  • 58. What Does the New Economy Crave? HYPER- CONNECTIVITY
  • 61.
  • 62. “Iam concerned by the majority’s attempt to manufacture tension between African- Americans and immigrant communities. It seems as though they would like March 1, 2011, Rep. for our communities to Emanuel Cleaver (D- think about immigration MO), Congressional in terms of „us versus Black Caucus them,‟ and I reject that notion.”
  • 63. John Sibley Butler, Director of Entrepreneurship, Uni versity of Texas, Austin
  • 64. Putting Out the Welcome Mat -Building the “Intercultural City” -Abandoning practice of segregated diversity Our Future Is in the “Mix”
  • 65. After decades of out-migration, Philly shows population increase for first time in 60 years - -- in large part due to influx of immigrants between 2000 Philly enjoys an ecosystem that welcomes & connects and 2010 immigrants, revitalizing neighborhoods
  • 66. Nearly 2/3 of America is an immigrant, a child or grandchild of an immigrant, or married to an immigrant
  • 67. some came to these shores voluntarily……..some did not
  • 68. It’s in our DNA we are strivers and survivors
  • 69. We Are All Immigrants
  • 70. Can Immigrants Help Save the Rust Belt & U.S. Economy?
  • 71. 7 Steps to “thinking like an immigrant” 1.) Explore the world. Become a “Marco Polo.” (get out of your comfort zone)
  • 72. 7 Steps to “thinking like an immigrant 2.) Education. Take more classes! Regardless of your age or stage in life, never forget that your “inner immigrant” craves life-long education and reveres education as an asset than can never be taken away from you.
  • 73. 7 Steps to “thinking like an immigrant 3.) Honor Parents‟ Sacrifice. “Honor thy father and thy mother.” Honor their sacrifice with every step you take toward your dream. Leverage this motivation --- fulfill your moral duty to achieve success.
  • 74. 7 Steps to “thinking like an immigrant 4.) Collaborate & Team-Up. Find the best partners. You can’t do it alone. Find the very best partner (often this will be an immigrant) and team-up. Look to groups like HBA, TiE, HYSTA, NSHMBA, Techwadi.
  • 75. 7 Steps to “thinking like an immigrant 5.) Take Risk. Make some big bets in your business and professional career. Immigrant business success has a lot to do with high risk tolerance.
  • 76. 7 Steps to “thinking like an immigrant 6.) Embrace Desperation. Act like you have nothing to fall back on, and work like your life depends on it. Convince yourself that your savings account is empty, and that your daily work offers the only hope of survival. Eat what you kill!
  • 77. 7 Steps to “thinking like an immigrant 7.) Dream. And dream BIG!
  • 78.
  • 79. Want Success? THINK LIKE For More Info: AN  www.ImmigrantInc.com IMMIGRANT!

Editor's Notes

  1. And whose talking about immigration? (How many shows does Lou Dobbs do a year? Is he on 7 days a week? If he only does 5 days/week than he covers illegal immigration 4 of those 5 nights).
  2. And when these guys talk about immigration, they talk about crime and welfare and all the problems these immigrants generate. I mean it’s a well-known fact that immigrants generate crime and that our border states are overrun in criminal activity from Mexican drug cartels. Isn’t it?
  3. LOOK AT THE FACTS: According to the Associated Press report in June 2010 “The top four big cities in America with the lowest rates of violent crime are all in border states: San Diego, Phoenix, El Paso and Austin, according to a new FBI report. And an in-house Customs and Border Protection report shows that Border Patrol agents face far less danger than street cops in most U.S. cities.” Immigrant incarceration rates are 20% of non-immigrant rates, a robust statistic that holds up even after naturalization.WELL, LET’S LOOK AT SOME MORE FACTS UNCOVERED IN THE GLOBAL DETROIT REPORT
  4. Here is our mission: Immigrants and economic development
  5. Here is our mission: Immigrants and economic development
  6. Michigan’s Economic Crisis Metro Detroit regional unemployment hovering at 14-15 percent, near 150 percent of the national average and the second highest of the 49 metro areas with more than one million people Over the last decade, it is anticipated that Michigan will have lost over 1 million jobs, approximately one quarter of all of its jobs In less than one decade, Michigan likely will move from a wealthy and prosperous state to one of the poorest. From 1999 to 2007, Michigan residents moved from the 17th wealthiest per capita personal income in the nation to 39th, an unprecedented drop of 22 spots in eight short years. It is anticipated that by the time 2009 statistics are available, Michigan will be one of the 10 poorest states in the union, less than a decade after being in the top third! Michigan’s crisis is not solely the crisis of economic restructuring, Michigan’s crisis also is a crisis of spirit and culture. The transformation of Detroit from America’s fourth richest to its poorest confounds and disturbs. The conditions within the city’s neighborhoods, its schools, its infrastructure, etc. have deteriorated so significantly that they are virtually unrecognizable a generation after Detroit’s mid-20th Century glory. A Way Forward One of the most consistent similarities between these various catalyst regions of the 20th and 21st Centuries is the large presence of immigrants. Immigrants were at the sources of early 20th Century midwestern industrial cities like Detroit that propelled America’s growth and they are a significant part of the regions that serve as economic catalysts in today’s world. In 1910, 30 percent of the metropolitan Detroit region was foreign born. In 2007, Silicon Valley’s population was about 36 percent foreign born, almost three the national average of 12.6 percent. “History teaches us that from every major economic crisis, America has emerged stronger, smarter and more innovative—it’s in our DNA . . . It’s that time again. We must write a new chapter in the story of American innovation . . . Many people around the country think that our state is broken, done-for, intellectually bankrupt. We all know otherwise. History teaches us that our future will depend on how quickly, and how well, we innovate and adapt.” --Patricia Mooradian, President, The Henry Ford“Advancing a Culture of Innovation”Address before the Detroit Regional Chamber of CommerceMackinac Island Policy Conference, May 28, 2009