Orlando Espinosa: Small Business Advocate

Working with government agencies and various organizations in helping small businesses in managing their business, Orlando Espinosa shares his ideas in terms of entrepreneurship, brand building, and leadership!

BACKGROUND

Orlando Espinosa is the co-founder of Emineo Media, an organization that designs, develops, and implements business and outreach curriculums for various government agencies and organizations with the goal of educating and training small businesses.

He is also an advisor to various organizations including the Miami Bayside Foundation, US Southern Command, Homestead Air Force Base, Cambridge Innovation Center, and Goldman Sachs’ 10,000 Small Businesses.

He has also developed workshops and hosted events that are aimed at small businesses for the SBDC, SCORE, Biz Nest, City of North Miami Economic Development, Beacon Council, City of Doral Economic Development Council, FIU, Mercantile Bank, and Town of Miami Lakes.

Due to all of these, he was recognized as the 2016 and 2018 State of Florida Small Business Advocate of the Year and continues to provide value to various small businesses organizations.  

ADVICE FOR SMALL BUSINESSES

1. Build relationships.

One of the key things for your business to be known in this lucrative marketplace is to be present at events and communicate with the people that are there. 

There is no easy way inside this marketplace so if you really need something, you have to be the spokesperson of your own business. 

“You know, these are people that have a wealth of information, come up to them, talk to them, communicate with them and say, ‘Hey, listen, this is what I’m planning on doing.’”

Remember, there are a handful of people that have the same experience as yours and these people are accessible as long as you sit down with them. 

“I think that it’s that relationship and that collaboration that has allowed us to be where we’re at right now.”

2. Tell your story.

Everyone has a story to tell and as business owners, you need to understand the story behind your brand. 

“Why did you go into business? Why did you choose the colors for your business? Why did you choose that logo? What’s the meaning behind it? Because a lot of times, that’s how we start a conversation.”

This is of utmost importance because only talking to other business owners and your client for the purpose of selling is not good for business. 

So, instead of performing a pitch to get someone’s attention, tell your story and build a relationship with your target market. 

3. Share value.

In building your network of people, you need to share valuable information that could help them in a way that it had helped you.

“What I want my legacy to be is that all the information that I have gathered where I’ve simplified my life, I want to just give it back to the people that actually need it. Because sometimes we hoard information with the purpose of what?”

Also, it’s okay if you are giving information to people in exchange for an amount of money but that information should be valuable enough and your price is equal to the value of your message. 

“Well, remember what’s the media? It’s a message that you provide and our message is a message of education, it’s a message of resources, it’s a message of relationship.”

RESOURCES

If you want to watch the full video of the interview with Orlando Espinosa as he shares his ideas in terms of entrepreneurship, brand building, and leadership!

013: Orlando Espinosa – State of Florida Small Business Advocate of the Year

https://govcongiants1.wpengine.com/podcast/orlando-espinosa-state-of-florida-small-business-advocate-of-the-year/

https://www.youtube.com/watch?v=hucGYFzyD7I

Senen Garcia: Small Business Struggles During the Growth Phase

An experienced accountant and attorney, Senen Garcia shared his viewpoint on the struggles small businesses faced during the growth stage and the importance of having a legal counsel to help you with these. 

BACKGROUND

Senen Garcia was once a counselor in the non-profit organization, Service Corps Of Retired Executives (SCORE), wherein he provided free mentoring services to small businesses on matters including corporate law, real estate, property insurance and estate planning matters.

Currently, he is an accountant at the  Garcia Tax Enterprise, a general counsel at TokenPay, a professor at EU Business School, and the current director of the charitable organization, Miami Reef Initiative Corporation.

“I just basically want to help people and make sure that they’re doing the right things, whether it be government contracting or whatnot and to ensure that they’re positioned for success.”

EXPERIENCE IN THE SCORE ORGANIZATION

Garcia became involved in the SCORE organization in 2012 and provided free mentoring services to small businesses that don’t have enough funds to employ different mentors on various matters.

However, he also believed that the success of these businesses still rely on how they took action from the advice and suggestions given by the SCORE mentors. 

“If you’re getting ready to apply for a government contract, you want to make sure that you’re making the right decision, whether it be from your capacity, whether it be from your structure, whether it be from the current setup of the business, whatever the case may be, it feels good to have somebody that you can just kind of talk to about things now.”

Most importantly, small businesses should understand that they shouldn’t close their businesses during their growth stage. Rather, it is the perfect time to acknowledge growth and to contact a mentor, an attorney, a banker, or just anyone who could help. 

“I equate a business to a child and when that child is growing and going through a growth spurt, they’re going to need you as the owner. Once they’re established, once it’s cruising, then they don’t need you as much, but that business needs you. If you’re not giving that business the attention that it deserves, it will falter. And that was one of the biggest issues that I would notice a lot of these small businesses is that they weren’t doing that for their business.”

ADVICE FOR SMALL BUSINESSES

Senen Garcia stressed the importance of customizing contracts because even though there are contracts that can be repurposed, most of the time, you need to customize it according to what it needs. 

“Every contract is like art. Each one is going to be different. They’re going to have their own unique characteristic because of the relationship you’re seeking to obtain.”

Then, getting an attorney before signing anything or when changes are made in a contract is also important, regardless if that person who wants you to sign is family-related or someone you trust.

In doing so, Garcia recommends asking for referrals and researching about that person’s background. Most importantly, choose an attorney who really wants to understand your business because these people are the best listener. 

“A good advisor, whether it be a bank or whether it be an accountant, whether it be an attorney, whether it be an insurance agent, they are going to want to know your business. The more they know about your business, the more they’re going to be able to help you in your business because they’re going to know what things they need to do.” 

Lastly, you must provide quality service to your clients, even if you are just doing a subcontracting opportunity or those huge million dollar contract awards. 

“So, as a business owner, the best way to put yourself in a position is to do the very best work you can do. Don’t cut corners, don’t try and do things you know halfway. Get in there and actually do the best you can do even if you’re not going to make as much money.” 

RESOURCES

If you want to watch the full video of the interview with Senen Garcia as he shared his viewpoint on the struggles small businesses faced during the growth stage, then be sure to click the links below:

047: Attorney and Former SCORE Chair Senen Garcia Discuss Small Business Struggles During Growth Phase

https://govcongiants1.wpengine.com/podcast/attorney-and-former-score-chair-senen-garcia-discuss-small-business-struggles-during-growth-phase/

047: Attorney and Former SCORE Chair Senen Garcia Discuss Small Business Struggles During Growth

https://www.youtube.com/watch?v=_FWoHEeP6X8&t=1493s