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Community Development and Stakeholders

Raleigh-20120725-00082

This is a photo of Jeanne Tedrow, CEO and co-founder of Passage Home, Inc., a community development corporation that serves Raleigh (especially southeast Raleigh) and its county, Wake County, North Carolina. She was talking to stake holders in the community about development of an area abutting a planned city revitalization strip. I think it’s important for any business to keep its stakeholders in mind, not just shareholders. Doing so helps build good will and helps all feel like a company is serving a mission beyond just making money. Stakeholders include people and organizations in the communities your business has a presence in, other small business owners impacted by your business such as current or potential partners, shareholders/investors, your bank(s) and other lenders, suppliers, and customers. The stakeholders for this area development discussion here were a church, small business owners, and nearby landlords. An additional benefit: Thinking about all your stakeholders and not just your customers and investors helps you broaden your thinking and stay alert to new opportunities. What better way to never get into a rut than to ask the opinions on a regular basis of a highly diverse group of people?

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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