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The KUT Longhorn Radio Network Presents: Mexican American Experience Collection

Audio recordings including interviews, music, and informational programs related to the Mexican American community and their concerns in the series "The Mexican American Experience" and "A esta hora conversamos" from the Longhorn Radio Network, 1976-1982.

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PROGRAM INFO

Title:
The Mexican American In The Business World
Program #
1976-05
Theme:
Society

Series:
Business
Host:
Richard Goodman
Guest:
Richard Goodman
Date:
Oct 7, 1976

The Mexican American in the Business World

Richard Goodman discusses some of the particular issues affecting Mexican American Businessmen. He explains that Mexican Americans face special challenges as they seek to enter the business world, including little experience and the lack of capital. He says that while cities with large Mexican populations, like San Antonio, can be ideal for Mexican American business, they are the exceptions. Moreover, Goodman says that Mexican Americans are often naive about business practices and must rely on trial and error, which in the business world often leads to failure.

Goodman says one of the largest problems affecting the Mexican American businessmen is the lack of sound bookkeeping practices. Without financial records, they cannot qualify for loans or accurately determine their taxes.

Some businesses have found success using family labor and locating themselves within the barrio, where property rates are lower and where customers may be more loyal. Goodman explains that ethnic banks were expected to help Mexican American businessmen, but they like other banks require collateral, which many Mexican American businessmen lack, to extend loans. Consequently, they have not been able to help as much as hoped. Although, they do offer much need guidance and advice for new business owners.

 

Center for Mexican American Studies | Department of History | The Benson Latin American Collection

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