"Many times business owners are in a position, they know their trade, they just don't know how to run the business," says Rick Ortiz, CEO of the Greater Dallas Hispanic Chamber of Commerce.
That's why the chamber's Empowered CEO Hub program is all the more important to Christopher Sanchez, who owns a small business that builds stairs and handrails in Desoto, Texas.
"I know how to build things.
I know how to build things, but running a business, managing people, doing finances, talking to banks, that was the gap I was missing," Sanchez tells the Dallas Morning News.
With the help of a $1.5 million grant from the Dallas Foundation and the Communities Foundation Texas, Sanchez is now able to do that and more.
The grants "really does help these individuals and families stay alive and just not have to be as stressed as they would be were these nonprofits and these funds not available," says Wayne White, CEO of the Communities Foundation Texas.
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First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.