Tabitha West, MSHIM’s Post

Apply Show U Off Grant for Black Women Entrepreneur To be eligible for the Show U Off grant, Black women entrepreneurs must meet the following requirements: Click this link to find out more: https://lnkd.in/gKu5Twsq · Applicants need to record and submit a one-minute video introducing themselves and their business/startup. · The video should discuss any challenges their business has faced. · Applicants must explain how the grant money will help support their business ventures. The Show U Off grant program offers $10,000 in funds to these Black businesswomen as a small investment in their professional ventures. Ten applicants will receive $10,000 each. The funds will support today's Black women entrepreneurs making moves. ·Qualified applicants for the grant program must record and submit a one-minute video introducing themselves and their business/startup, discussing any challenges their business has encountered and how the grant money will help support them. This grant program, initiated by Brent Faiyaz, aims to provide financial support to Black women entrepreneurs and address the challenges they encounter in securing funding for their businesses. #grantopportunities

🗣️Tips Black Women #BusinessOwners Have for Black Female #Entrepreneurs #GoodAdvice #GoodRead @BusinessNewsDaily @Simone Johnson + "Because of funding hurdles and other issues, Black women entrepreneurs face unique challenges when starting a business. For example, according to a 2021 report from the Federal Reserve Banks of several cities, on average, Black entrepreneurs completed more applications for financial startup assistance than any other group. However, Black entrepreneurs were half as likely as white entrepreneurs to receive full approval for small business #loans and other business funding sources." "#Learning from other successful business owners is one of the best ways to overcome challenges and reach your full potential as an emerging entrepreneur. Whether you already run a business or want inspiration to get started..." + 1. Save money before you reach out to investors. 2. Charge what you’re worth. 3. Sell products early. 4. Network to gain clients and mentors. 5. Conduct market research. ... #blackwomen #blackwomenlead #blackbusinesses #womeninbusinesss #womenentrepreneurs #blackexcellence #businessadvice #bankingandfinance #venturecapital #startupfunding #businessimpact #wealthcreation #wealthtransfer

🚨 Important Read: The Fearless Fund, a resource for Black entrepreneurs, has been barred from providing funding due to recent changes. This development is alarming and highlights the need for us to stay proactive in supporting #minorityownedbusinesses. Full article below https://lnkd.in/gUuPGSCn

Guess who are the fastest growing group of entrepreneurs in the US?     Black women.   According to the Brookings Institution: between 2017 and 2020, the number of Black women-owned businesses increased by nearly 20%, far exceeding the growth of women-owned businesses and Black-owned businesses overall   But despite this, only 3% of Black women owned businesses get to the maturation rate ( a business making it past 5 years).   There are reasons for this, a prominent one? 61% of Black women self fund their total startup capital.   Also less than 1% of companies led by Black women receive venture capital,   With that data, it’s not surprising Black women don’t make it past 5 years, it’s financially A LOT to start and run a business, especially in the economy of the last few years.   That is why I am celebrating being one of the 3% to make it to 7 years of starting, running, and building up my own business from scratch.   There were people who voiced support when I started my business, but that was it.   Almost zero referrals to clients.   Zero offers of start up capital.    In 7 years, I leaned on those credit cards hard and thought about not doing this anymore, but I kept going because the services I provide are needed and we need more people doing things differently in politics and advocacy. And the proof is in the pudding: in the last two years I've won awards from in my industry from the American Association of Political Consultants and Campaign & Elections Magazine for my work.   So when I say to get to 7 years, there was sweat and tears, (including atrocious anxiety induced insomnia) I’m NOT kidding.   August is #BlackBusinessMonth, don’t just raise a metaphorical glass to Black owned business. Support Black owned business, especially Black women owned businesses with your business, client referrals, or offers of capital support.     #BlackWomenLead #WomenOwnedBusiness #WomenEntrepreneurs

A new report about women-owned businesses from Wells Fargo proves the extraordinary resilience of #Blackwomen entrepreneurs. Black-women-owned businesses came back stronger after the Covid-19 pandemic than non-Black women-owned businesses by a significant margin. ESSENCE rightly notes that this is all the more impressive because of the fact that they are also less well-funded than other businesses, with Black women entrepreneurs typically receiving less than 1% of all VC dollars each year. Check it out: https://lnkd.in/eW5GEHt2

Black women entrepreneurs finally got a raise. According to the 2024 Impact of Women-Owned Businesses Report, Black women-owned businesses not only grew by over 2 million between 2019 and 2023, collectively, we generated over $98 Billion in revenue for the U.S. Economy. And while our growth is impressive and our impact is strong, individually, too many of us are still no where near where we should be in terms of our revenue potential. BUT, the news is getting better. For years, the average Black woman-owned business averaged only $24,000 per year in revenue. I know, shockingly sad. But according to this latest report, average revenue for Black-woman owned businesses have grown significantly, now eclipsing $47,000 in annual revenue. Is it an improvement? Yes. But is it anywhere near where we should be? Hell-to-the-NO! When I say 7-Figures should be the floor in terms of our revenue generation, I mean it. Why? Because you shouldn’t work this hard, just to work this hard and still have little to show for it, Sis. Your hard work should build a legacy, a lifestyle, a brand new reality for you that allows you to produce enough income for you personally (not just revenue for your business) that you can live comfortably and have enough extra income to invest in additional wealth-building vehicles for the long-term. My dream for you is that you can build a life where you can do… 👉🏽whatever you want, 👉🏽wherever you want, and 👉🏽with-whom you want, Without having a financial worry to interrupt your peace. 💅🏽 So when I talk about helping my clients LIVE in the Ultra-High ticket space, it’s because I don’t think any of us should work as hard as you have to work as an entrepreneur only to have $47,000 at the end of an entire year to show for it. 💯 I believe $50,000 should be your floor… Not for a year. But for each individual sale. 👊🏽 Now that’s how you expedite your path to millions. It’s time for MORE, Sis… Who’s with me?

Did you know Mission Driven Finance™ has joined forces with Hyphen on a public-private partnership? 🤝 Announced by Vice President Kamala Harris, the Initiative for Inclusive Entrepreneurship (IIE.VC) is a $100 million nationwide effort with the U.S. Department of the Treasury to expand access to capital for small businesses of color. Together with colleagues at Native Americans in Philanthropy, we are anchoring the commitment to support Tribal Nations and Indigenous entrepreneurs. The initiative's other key partners include Founders First Capital Partners, JumpStart Inc., Next Street, and The Nowak Metro Finance Lab. 🙌 [Also, we are hiring a ***Director of Indigenous Futures*** to join us for this work if you know anyone! See our profile or website for details.] #publicprivatepartnership #impactinvesting #socialimpact #entrepreneursofcolor #foundersofcolor #smallbusiness #Blackowned #Indigenousowned #nowhiring #remotejobs #Indigenousfutures #socialimpactjobs #financejobs

📢 This U.S. Chamber of Commerce latest feature, written by contributor Danielle Fallon-O'Leary, delves into the vital contributions and unique challenges faced by Black-owned businesses with input from a range of successful entrepreneurs including Nicholas Perkins of Perkins Management Services Company and Fuddruckers, along with Lisette Lavergne of Lisette Lavergne Law, PC providing recommendations on resources. Providing an insight highlighting how Black entrepreneurs are driving innovation and growth despite systemic barriers, the article emphasizes the importance of access to capital, mentorship, and supportive networks in fostering Black business success. While there has been progress in start-up rates and visibility, disparities in funding and resources persist. The need for intentional investment in Black-owned ventures is underscored, with the racial wealth gap impacting business growth as Black start-ups receive a fraction of venture capital compared to their White counterparts. Education and community support are pivotal, as illustrated by programs like the Equality of Opportunity Initiative. With continued advocacy and strategic partnerships, closing the economic divide is achievable. For more insights, read the full article here: https://lnkd.in/eZzUhsHS #WeavingImpact #BlackEntrepreneurship #EconomicEquity #Innovation #SmallBusiness #Inclusion #Diversity #Equality #BusinessGrowth #SupportBlackBusinesses #OpportunityInitiative

Did you know this week is National Entrepreneur Week? While facing unique challenges, Black entrepreneurs have consistently demonstrated remarkable resilience and innovation, paving the way for progress in our communities and beyond. Here are some great resources that support Black Entrepreneurship👇 https://lnkd.in/dZUppgX #blackhistorymonth #blackentrepreneurs #blackownedsmallbusiness #smallbusinesses  

Access to capital shouldn't be a barrier to entrepreneurship. That's why Local First Arizona’s We Rise Accelerator is empowering Black entrepreneurs with mentorship, resources, and funding opportunities. Together with Arizona Financial Credit Union, they're making strides in leveling the playing field and creating tangible pathways to success. Learn more about their impactful work and how they're making a difference in the community. #Empowerment #FinancialInclusion #WeRiseTogether https://lnkd.in/g8EEejiv