Side note:

Soft country music plays.

Logo:

This video opens with the J.P. Morgan Chase logo in the upper left-hand corner as a title appears:

Text on screen:

'Thriving: Conversations with business leaders.'

On screen:

A subtitle appears over black:

Text on screen:

'Scaling for growth.'

On screen:

A man in a black turtleneck and blazer speaks from an office.

Text on screen:

Identifying text appears: 'Sherman Wright, Managing Partner, Co-Founder and CEO, Ten35.'

Sherman Wright:

Especially for minority-owned business, there’s three kinds of barriers. That’s access, that’s information, and resources.

On screen:

A bulleted list of information topped with the Ten35 logo appears beside him:

Text on screen:

'Creative agency that specializes in transforming brands through culture. Founded in 2016. Headquartered in Chicago.'

Sherman Wright:

Access is just really building a network and relationships. Once you get access to these individuals or information, it’s really building that intelligence and really understanding how that can really benefit your business and then resources come in many different aspects. Financial resources of course, but talent resources as well as support resources that can really help you grow your business. When you do great work and build great relationships, they like to tell friends.

On screen:

A woman in a burgundy shirt and black blazer speaks from another office.

Text on screen:

Identifying text appears: 'Ann Ramakumaran, Founder and CEO, AMPCUS.'

Ann Ramakumaran:

It's so very important to re-invest back in people, process, infrastructure, and innovation to support growth.

On screen:

A bulleted list of information topped with the AMPCUS logo and motto appears beside her:

Text on screen:

'AMPCUS: collaboration redefined

·        Certified minority woman-owned global provider of technology and business consulting and staff augmentation services

·        Founded in 2004.

·        Headquartered in Chantilly, Va.

Ann Ramakumaran:

That's the reason why today, we continue to be the employers of choice for a lot of employees and continue to be the supplier of choice for a lot of our clients.

On screen:

A man in a suit and tie speaks from another office.

Text on screen:

Identifying text reads: 'Robert Shibuya, Chairman and CEO, Mohr Partners.'

Robert Shibuya:

We help companies like JPMorgan Chase manage their corporate real estate.

On screen:

A bulleted list of information topped with the trademarked Mohr Partners logo appears beside him:

Text on screen:

·        Global real estate advisor and outsourcing firm

·        Founded in 1986

·        Headquartered in Dallas

Robert Shibuya:

When we acquired the firm almost seven years ago, I said we had a great V8 engine, but supplier diversity was like putting a turbo-charger on a V8 engine. In the last seven years, we doubled the size of the company and we really owe a lot of that to us being a certified minority business. We’re doing most of our business now with other MBEs/. When I came in, our actual annual MBE spend was close to 0. And we just never thought about hiring other minority-certified companies to be part of our supply chain. Our MBE spend is now close to 30%, and ultimately we want to get to at least 50%.

Sherman Wright:

We invest in our employees, our talent, our team members, we invest in our client relationships, making sure we’re building that as well as infrastructure in IT. Somebody once said, “Learn from other’s mistakes because you’ll never live long enough to make ‘em all yourself” and I’m a firm believer in that.

Logo:

A logo appears over white: 'J.P.Morgan.

Text on screen:

'jpmorgan.com/CB-diversebusinesses.'

Side note:

Legal disclosures.

Text on screen:

Chase, J.P. Morgan, JPMorgan, JPMorgan Chase, and Story by J.P. Morgan are marketing names for certain businesses of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide (collectively, “JPMC”, “We”, “Our” or “Us”, as the context may require).

The material contained in this video is intended as general market commentary and does not constitute legal, tax, investment, accounting, financial, business, real estate, or any other advice, and should not be relied upon as such. The views, opinions, estimates and strategies expressed in this video are those of JPMC, or other featured speakers, and may differ from those of Commercial Banking or other JPMC employees and affiliates. This video in no way constitutes an offer or commitment to provide a particular product or service. Products and services offered by JPMC and its affiliates are subject to applicable laws and regulations, as well as our service terms and policies. Not all products and services are available in all geographic areas or to all customers. Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply.

This content does not constitute J.P. Morgan research and should not be treated as such. Any views expressed are often based on current market conditions and are subject to change without notice. Any statistics referenced have been obtained from external sources deemed to be reliable, but we do not guarantee their accuracy or completeness. In no event shall JPMorgan Chase nor any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon, or for any inaccuracies or errors in or omissions from, the information in this video.

Copyright 2024 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC. Deposits held in non-U.S. branches are not FDIC insured.

END

Business growth is a top concern for most business leaders. From pursuing funding to hiring more talent to increasing supplier diversity, there are many different methods one could take. And in these uncertain times, a guide can be especially helpful.

We asked three seasoned executives for their approach to growing a business. Their answer? Reinvest. But not in what you might expect. Watch the video above, part of our new “Thriving: Conversations with bankers” series, to hear advice on reinvesting in employees, clients and infrastructure from:

JPMorgan Chase Commercial Banking has a team dedicated to supporting diverse-, women- and veteran-owned businesses, and we are committed to providing these founders and business leaders with the resources they need to succeed. Discover how we can help you thrive in these uncertain times. 

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.

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