Beyond The Billion® (launched as The Billion Dollar Fund for Women®)’s Post

Today's the Day: The Crowdbartering Campaign Launches Now🌟 The wait is over, and a new chapter begins for Barter Black® and for Black entrepreneurs everywhere. Today, we officially kick off our revolutionary crowdbartering campaign, a testament to what we can achieve when we come together as a community. ✨Why This Matters We're redefining support for Black businesses by leveraging our collective strengths. Instead of traditional crowdfunding, we're pioneering crowdbartering - where your expertise, services, and goods directly contribute to the success of fellow entrepreneurs. ✨Be Part of Something Historic Contribute: Whether it’s web development skills, marketing prowess, or legal advice, your contributions are the building blocks of the new Barter Black®. Share: Got friends, family, or colleagues who could join our movement? Spread the word and let’s amplify our impact. Join: Dive into the Black Entrepreneurs Barter Facebook community for exclusive access and updates. ✨Special Milestone Not only are we launching this campaign, but we're also on a mission to coin the term 'crowdbartering' and get it recognized worldwide. This is our mark on history, showcasing that when Black entrepreneurs need support, we rally like no other. 👉🏾Take Action Today: Visit https://lnkd.in/ei6jVw7R to make your contribution and learn more about how we’re transforming the landscape of Black entrepreneurship. Together, we're not just building a platform; we're creating a legacy. Let’s show the world the power of unity and innovation. #BarterBlack #Crowdbartering #BlackEntrepreneurs #CommunityStrength #InnovationTogether

Celebrating Resilience and Innovation: The Journey of Black Entrepreneurs In the world of entrepreneurship, Black business owners chart a course filled with both remarkable achievements and significant challenges. Despite facing systemic barriers, the resilience and innovation within the Black entrepreneurial community continue to shine brightly, illuminating paths to new opportunities and success. Did you know? According to the U.S. Small Business Administration, there are over 2.6 million Black-owned businesses in the United States, contributing $150 billion annually to the economy. Yet, access to capital remains a towering hurdle, with Black entrepreneurs receiving less than 1% of venture capital funding. This stark disparity not only highlights the obstacles faced but also underscores the immense potential waiting to be unlocked. But here's where the tide begins to turn: Community support and targeted initiatives are making waves, from grassroots crowdfunding campaigns to corporate diversity pledges aiming to bridge the funding gap. Success stories are emerging, showcasing the ingenuity and perseverance of Black entrepreneurs who are not just surviving but thriving against the odds. Here's How We Can All Play a Part: 1. Amplify and Support: Make a conscious effort to support Black-owned businesses in your community and online. 2. Mentorship and Networking: Offer your expertise or network to help Black entrepreneurs navigate the complexities of starting and scaling their businesses. 3. Advocate for Equity: Push for policies and practices within your sphere of influence that promote equal access to funding and resources for all entrepreneurs. As we celebrate the successes and acknowledge the challenges, let's commit to fostering an ecosystem where Black entrepreneurship can flourish unimpeded. By investing in diversity, we're not just supporting Black-owned businesses; we're enriching our communities, our economies, and our collective future. Join me in championing the journey of Black entrepreneurs. Together, we can turn challenges into triumphs and aspirations into realities. #BlackEntrepreneurship #SupportBlackBusinesses #Innovation #EconomicEmpowerment #DiversityInBusiness

Supporting black-owned businesses is an impactful way to contribute to economic empowerment and promote diversity and inclusion. Here are several ways you can support black-owned businesses:⁣ ⁣ 1. **Buy from Black-Owned Businesses**: Make a conscious effort to seek out and purchase products or services from black-owned businesses. This could include shopping at local black-owned stores, ordering from black-owned online retailers, or frequenting black-owned restaurants and cafes.⁣ ⁣ 2. **Spread the Word**: Use your platform to promote black-owned businesses to your friends, family, and social media followers. Share their websites, social media profiles, and positive experiences to help increase their visibility and customer base.⁣ ⁣ 3. **Attend Events and Workshops**: Support black entrepreneurs by attending their events, workshops, and pop-up shops. Not only does this provide direct support, but it also allows you to engage with the community and learn more about their products and services.⁣ ⁣ 4. **Collaborate and Partner**: Look for opportunities to collaborate or partner with black-owned businesses on projects, events, or initiatives. By working together, you can leverage each other's strengths and expand your reach to new audiences.⁣ ⁣ 5. **Provide Mentorship and Resources**: Offer your expertise, mentorship, or resources to support black entrepreneurs in building and growing their businesses. Whether it's providing guidance on marketing strategies, connecting them with industry contacts, or offering financial support, your assistance can make a significant difference.⁣ ⁣ 6. **Advocate for Inclusivity**: Advocate for inclusivity and diversity in your workplace, community, and industry. Encourage businesses and organizations to prioritize supporting black-owned businesses in their procurement processes, supplier networks, and partnerships.⁣ ⁣ 7. **Educate Yourself**: Take the time to educate yourself about the challenges and opportunities facing black-owned businesses. Learn about the history of black entrepreneurship, current economic disparities, and ways to advocate for change.⁣ ⁣ Remember that supporting black-owned businesses is not just about making individual purchases—it's about fostering a culture of inclusion, equity, and economic empowerment. By actively supporting black entrepreneurs, you can help create a more equitable and vibrant business ecosystem for everyone.⁣

🖤✨ Celebrate Black Business Month by supporting Black-owned businesses. Here are some impactful ways you can show your support all year round: 1️⃣Shop Black-Owned: Discover and purchase products from local Black-owned businesses. 2️⃣Spread the Word: Share your favorite Black-owned businesses on social media. Use hashtags like #SupportBlackBusinesses. 3️⃣Leave Reviews: Write positive reviews for Black-owned businesses you've patronized. 4️⃣Attend Events: Participate in events, pop-ups, and markets showcasing Black entrepreneurs. 5️⃣Follow & Engage: Follow Black-owned businesses on social media and engage with their content. 6️⃣Invest: If possible, invest in Black-owned startups and businesses. 7️⃣Collaborate: Partner with Black-owned businesses for your next project or event. 8️⃣Donate: Support organizations that fund and mentor Black entrepreneurs. 9️⃣Gift Black-Owned: Choose Black-owned businesses for your gifting needs. 🔟Extend Grace: Give Black-owned businesses the same grace for mishaps, mistakes, and missteps that you would to any other business. Let's uplift and celebrate the brilliance and resilience of Black entrepreneurs! #BlackBusinessMonth #SupportBlackBusinesses #CommunityLove

💰The disparity in startup costs between Black entrepreneurs and their non-Black counterparts is an important aspect to consider in discussions about equal opportunities in entrepreneurship. The higher average startup cost for Black individuals may stem from various factors, including historical and systemic challenges. 📈 Here are some key considerations: 👉🏾Access to Capital: ✳️Black entrepreneurs often face challenges in accessing traditional sources of capital, such as bank loans. This can result in a higher reliance on personal savings or alternative financing methods, leading to increased startup costs. 👉🏾Wealth Disparities: ✳️Historical wealth disparities, often rooted in systemic racism, can impact the financial resources available to Black entrepreneurs. Limited access to generational wealth can make it more difficult to fund a business startup adequately. 👉🏾Credit Access: ✳️Unequal access to credit can contribute to the higher startup costs for Black entrepreneurs. Limited credit history or unfavorable lending terms may lead to higher interest rates or less favorable financing options. 👉🏾Industry Disparities: ✳️The nature of the business and industry can also play a role in startup costs. Black entrepreneurs may be more concentrated in industries that require higher initial investments, contributing to the observed disparity. 👉🏾Network and Mentorship Gaps: ✳️Limited access to networks and mentorship can impact the ability of Black entrepreneurs to find cost-effective solutions and navigate the complexities of starting a business. Mentorship and networking opportunities are essential for obtaining advice and resources and potentially lowering startup costs. Addressing these disparities requires a multi-faceted approach that includes policy changes, increased access to financial education, targeted support programs, and efforts to dismantle systemic barriers. Here are some potential strategies: ✅Financial Education Programs: Implementing programs can help them make informed decisions, manage costs effectively, and access appropriate financing options. ✅Access to Capital Initiatives: Creating initiatives can be instrumental in leveling the playing field. ✅Mentorship and Networking Programs: Establishing mentorship programs and networks can provide valuable guidance, potentially reducing startup costs through informed decision-making. ✅Policy Reforms: Advocating for policy changes that address systemic issues, such as discriminatory lending practices, can contribute to creating a more equitable business environment. By addressing these challenges, society can work towards fostering an entrepreneurial ecosystem that supports the success of Black entrepreneurs and reduces the disparities in startup costs. Source: Intuit QuickBooks #BlackHistoryMonth #BlackBusinessMonth #SupportBlackBusinesses #EntrepreneurshipMatters #personaldevelopment #entrepreneurialmindset #businessstrategy

Supporting black-owned businesses is an impactful way to contribute to economic empowerment and promote diversity and inclusion. Here are several ways you can support black-owned businesses:⁣ ⁣ 1. **Buy from Black-Owned Businesses**: Make a conscious effort to seek out and purchase products or services from black-owned businesses. This could include shopping at local black-owned stores, ordering from black-owned online retailers, or frequenting black-owned restaurants and cafes.⁣ ⁣ 2. **Spread the Word**: Use your platform to promote black-owned businesses to your friends, family, and social media followers. Share their websites, social media profiles, and positive experiences to help increase their visibility and customer base.⁣ ⁣ 3. **Attend Events and Workshops**: Support black entrepreneurs by attending their events, workshops, and pop-up shops. Not only does this provide direct support, but it also allows you to engage with the community and learn more about their products and services.⁣ ⁣ 4. **Collaborate and Partner**: Look for opportunities to collaborate or partner with black-owned businesses on projects, events, or initiatives. By working together, you can leverage each other's strengths and expand your reach to new audiences.⁣ ⁣ 5. **Provide Mentorship and Resources**: Offer your expertise, mentorship, or resources to support black entrepreneurs in building and growing their businesses. Whether it's providing guidance on marketing strategies, connecting them with industry contacts, or offering financial support, your assistance can make a significant difference.⁣ ⁣ 6. **Advocate for Inclusivity**: Advocate for inclusivity and diversity in your workplace, community, and industry. Encourage businesses and organizations to prioritize supporting black-owned businesses in their procurement processes, supplier networks, and partnerships.⁣ ⁣ 7. **Educate Yourself**: Take the time to educate yourself about the challenges and opportunities facing black-owned businesses. Learn about the history of black entrepreneurship, current economic disparities, and ways to advocate for change.⁣ ⁣ Remember that supporting black-owned businesses is not just about making individual purchases—it's about fostering a culture of inclusion, equity, and economic empowerment. By actively supporting black entrepreneurs, you can help create a more equitable and vibrant business ecosystem for everyone.⁣

Celebrating National Black Business Month 👨🏿💼👩🏿💼💼 Did you know? The United States is home to an estimated 3.5 to 3.7 million Black-owned businesses. These businesses represent roughly 11.3% of all businesses in the country, a figure that reflects the significant and growing impact of Black entrepreneurs on our economy. Interestingly, this percentage is close to the Black population percentage in the U.S., which stands at around 13%. Despite these numbers, Black-owned businesses often face unique challenges, including limited access to capital, resources, and networks. However, the resilience and innovation of Black entrepreneurs continue to drive progress, create jobs, and enrich communities. At GNEC, we're proud to support Black-owned businesses by providing financial assistance, mentorship, and essential resources through our Minority Entrepreneur Fund. #GNEC #NationalBlackBusinessMonth #BlackOwnedBusiness #BlackEntrepreneurs #InclusiveBusiness #SupportBlackBusiness #BusinessMonth #Blackbusiness #entrepreneurs

Did you know that in 2020, 26% of all new business start-ups were initiated by Black entrepreneurs? That's an impressive 11% increase from the previous year! According to GoDaddy's Venture Forward study, this growth is not just a statistic; it's a vibrant movement reshaping the entrepreneurial landscape. Particularly, Black women are making significant strides in the microbusiness space, contributing immensely to this surge. This trend reflects a broader awakening and an exciting shift towards greater economic empowerment and innovation within the Black community. As barriers are dismantled and opportunities are seized, Black business owners are stepping into the spotlight, ready to drive forward their visions and impact the market in dynamic ways. Why is this shift important? It signifies a change in the economic fabric of our society, providing more diversity in the business sector and fostering a more inclusive environment where different voices and experiences can flourish. B Interested in diving deeper into these insights? Read the full article here to get a comprehensive look at the factors driving this entrepreneurial wave: https://lnkd.in/d_mvZFqc What do you think is the biggest contributor to the rise in Black entrepreneurship? Share your thoughts and let's discuss how we can continue to support this growing trend. #BlackEntrepreneurship Taneice Lewis Saran Nurse #BusinessGrowth #EconomicEmpowerment #JETCommunity

August is here, and it's time to shine a spotlight on Black-owned businesses across the globe. As we celebrate Black Business Month, let's recognize the incredible contributions and resilience of Black entrepreneurs who are shaping industries and driving innovation. From pioneering startups to established enterprises, Black-owned businesses are at the forefront of creating jobs, fostering community development, and bringing unique perspectives to the marketplace. This month, let's commit to supporting these businesses by shopping Black, investing in their growth, and amplifying their voices. Here are a few ways you can get involved: 1. Shop Local: Explore and support Black-owned businesses in your community. 2. Promote and Share: Use your platform to highlight and advocate for Black entrepreneurs and their ventures. 3. Engage and Invest: Consider investing in Black-owned startups or initiatives that focus on economic empowerment. Let’s celebrate the entrepreneurial spirit and innovation that Black business leaders bring to our world. Together, we can drive positive change and create opportunities for all. #BlackBusinessMonth #SupportBlackBusinesses #Entrepreneurship #CommunitySupport #DiversityAndInclusion

🗻 Ain’t no mountain high enough 🗻   What an incredible event! The BUD Leaders team was honoured to attend the The UK Black Business Entrepreneurs Conference today.     This inspiring event provided a platform for black entrepreneurs to showcase their success stories and share their experiences to inspire and empower others who may face similar challenges in their entrepreneurial journey.   The day was filled with inspirational stories from black business founders Tevin Tobun , Byron Dixon OBE and Valerie Brandes. We enjoyed the discussion around growing and scaling a business by Lord Dr Michael Hastings CBE and the stereotypes and challenges persistent racial biases, navigating corporate supplier diversity by Nedra Dickson. Further conversations revolved around specific challenges faced by black entrepreneurs, such as access to finance, discrimination, access to the public and private sector supply chain by Henry Bonsu, Theresa Harrison, Lucy Quist, Derek Redmond OLY., Vusi Thembekwayo. A huge thank you to Dr Carlton Brown for inviting us to such an impactful event 😊 At BUD Leaders, our mission remains steadfast: empowering Black-led businesses by revitalising wealth within communities and fostering inclusive economic growth. Join us in our commitment to overturning the disparities faced by Black and Global Majority women-owned businesses and eradicating the inequities created by today's decisions.    Pledge to Challenge X2 now: https://lnkd.in/e5NN2vg3 #blackfounders #ChallengeX2 #Budleaders #accesstofinance #equity #equalwealth #community #entrepreneurship