Reader Letter for Diversity, Equity, Inclusion and Accessibility Magazine 2023
It is clear that implementing DEIA initiatives is vital for recruiting and retaining talent as well as attracting investors, but many businesses are slow to adopt clear objectives and actionable strategies. More awareness, transparency and effort are needed to drive change and instill a sense of acceptance among the workforce across America.
On October 19, L.A. Times B2B Publishing hosted the 2023 DEIA Forum at the SLS Hotel in Beverly Hills. A number of informative panel discussions, featuring diversity leaders from a variety of industries, enlightened attendees with firsthand advice and insights on several relevant topics, including the urgent need for increased accessibility, how DEIA proponents are breaking barriers and belonging in a remote workspace culture. We summarize each panel here in the pages of this magazine.
I would like to thank each of the sponsors who helped make the event possible. We greatly appreciate the support of Diamond Sponsor The Change Company and Platinum Sponsors CommonSpirit Health, Easterseals Southern California, Phaidon International and University of West Los Angeles.
New this year is the Top Rated Workplaces in Southern California Survey where we rank small and midsize-large companies based on employees' anonymous replies to a questionnaire sent out by our partner DataJoe. The results follow several informative articles on trending DEIA news.
In the remaining pages, we're proud to recognize individuals at numerous Southern California companies who are spearheading change and leading the way to creating more inclusive workplaces.
We hope you are inspired by their achievements in this realm.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Bloomberg Surveillance TV: August 14th, 2025
- Ed Yardeni, Chief Investment Strategist at Yardeni Research - Norman Roule, Senior Adviser at Center for Strategic & International Studies - David Malpass, former President at The World Bank - Nela Richardson, Chief Economist at ADP Ed Yardeni, Chief Investment Strategist at Yardeni Research, discusses the equity bull case amid clarity on tariff policy and the potential for rate cuts. Norman Roule, Senior Adviser at Center for Strategic & International Studies, previews the Trump-Putin summit in Alaska. David Malpass, former President at The World Bank, discusses political and economic priorities for the second Trump administration with just over a year to go until the 2026 Midterms. Nela Richardson, Chief Economist at ADP, reacts to jobless claims and PPI and talks about the health of the US labor market.
Forbes
5 hours ago
- Forbes
Make Your Business Worth Millions, Even If You're Not Ready To Sell
Many entrepreneurs start a business with the idea of creating more freedom and control in their lives but end up creating a job they can't step away from. The focus is on income generation and bringing in revenue without realizing that true financial freedom comes from building equity. The real wealth of a business is in the equity it offers when it has transferable value and can be scaled, sold, or passed on. When you structure your business as an asset, you are no longer trading time for money. Rather, you create something that works for you, attracts investors or buyers, and will provide a financial payoff when you decide to exit. It isn't about making more money now; it's about creating long-term wealth that changes your financial future. Let's walk through how to shift your mindset from making money to building wealth, how to build a self-sustaining operation, and prepare for a profitable exit. Shift your Mindset from Making Money to Building Wealth in Your Business Focusing on generating income is a short-term goal. When you focus on equity, that is the value of your business as an asset. It's what you own after all debts are paid, and it determines how much your business is worth to a buyer. While bringing in income in your business pays the bills, building equity in your business can deliver a life-changing financial event when you sell or transfer ownership of the business. Take for example a small business earning $500,000 in annual profit that was able to sell for $2.5 million – five times its yearly earnings. This is because the business had built strong systems, recurring client contracts, and a brand that wasn't dependent on its owner. That lump-sum payment gave more financial freedom than years of steady income could. Here are seven ways you can build the equity in your business: One of the biggest barriers to building a sellable business is when the business can't function without you. Buyers want an asset to invest in, so if you are the only one who can close deals, manage clients, or keep operations running, the value of the business decreases. The solution is to create documented systems and processes, develop a trustworthy leadership team, and implement clear standard operating procedures without your constant involvement. By leveraging technology and automation you can streamline operations, take on more clients, and reduce errors without having large costs. Key performance indicators (KPIs) and real-time dashboards allow you to monitor your business from anywhere, making it easier to manage growth without micromanaging. Potential buyers will see scalability signals that your business can expand efficiently, deliver higher profit, and lead to a better return on their investment, and that will make it more valuable to them. A strong financial foundation is the backbone of a wealth-building business. Accurate financial records are non-negotiable. By keeping your financial records clean and optimizing profit, your position as a good investment will yield to a higher valuation and a smoother, more profitable exit. Intellectual property is one of the most valuable assets in a business. Protecting these assets not only safeguards your competitive edge, but also increases the market value of your business. The more defensible and distinctive your intellectual property is, the more leverage you have in negotiations at the time of sale. Relying too heavily on one client, product, or market leaves your business vulnerable, and buyers see that as a risk. Diversifying revenue streams creates stability, making your business more attractive to buyers. Businesses with diversified or recurring income are often valued higher because they show consistent performance and reduced reliance on a single revenue source. The best time to plan an exit is long before you think you'll need it. Early planning gives you time to increase valuation. Work with exit strategy experts to help you navigate the process to ensure you will walk away with the maximum return on the asset you've built. Step back and evaluate your business like a buyer would. Look for gaps that you can fill to ensure you close them before buyers come along. This makes your business more appealing and drives up valuation. When you reinvest in growth continually, this signals to buyers that your business is forward thinking, scalable, and capable of delivering strong returns long after the sale. The bottom line is that building a business as an asset doesn't happen by accident; you need a strategy with long-term vision. By focusing on these tips, you can build a business that will deliver on equity and deliver a life-changing financial event in the future.
Yahoo
7 hours ago
- Yahoo
Equities Mostly Rise Intraday as Fed Rate Cut Bets Reach Almost 100%
US benchmark equity indexes were mostly higher intraday as markets fully priced in a Federal Reserve Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
