Black Girl Fest Studios’ Post

I’m honored to be recognized as one of DMV’s Women Who Impact at this year’s Black Women Equal Pay Conference🔥 As I reflect on what this honor means, I am more committed than ever to disrupting Black entrepreneurship in a major way. At Barter Black®, we’re creating a space for entrepreneurs to work together, build sustainable businesses, and achieve milestones like: 1️⃣Building a dream team without draining cash flow 2️⃣Expanding into new markets by leveraging expert services 3️⃣Spending more time with family while your business thrives 4️⃣Turning side hustles into full-time, sustainable ventures 5️⃣Gaining visibility and landing high-ticket clients and MORE We’re more than a platform—we’re a community. Together, we can build the modern Black Wall Street powered by technology and collaboration. Join me for two upcoming events: ✨Happy Hour at Hotel Zena on Thursday, September 19th (FREE) ✨Black Women Equal Pay Conference on September 20th (use code JOIN50 for 50% off your ticket!) https://lnkd.in/emeJ5vM3 Let’s grow together. #WomenWhoImpact #BlackWomenEqualPay #BarterBlack #Entrepreneurship #BlackWallStreet #CommunityFirst

Ready for a program that gets results? Check out Goldman Sachs One Million Black Women: Black in Business. Why One Million Black Women: Black in Business? Goldman Sachs One Million Black Women: Black in Business is a free business education program dedicated to equipping sole proprietors with the tools necessary to turn their business potential into business growth. The program helps sole proprietors learn how to price their product or service, hire their first employee, understand their finances, and so much more. Applications for the One Million Black Women: Black in Business fall 2024 cohort are now open. https://lnkd.in/dxdCASVY

Support Black Businesses!August is the month for celebrating and supporting Black-owned businesses, and Millie is thrilled to see that Black women, in particular, are succeeding in big ways. According to the 2024 Impact of Women-Owned Businesses report, Black women entrepreneurs came out on top after the COVID-19 pandemic, despite representing just 14.8% of all women-owned businesses. Furthermore, they are the only demographic who have a greater-than-majority share of businesses owned (52.1%) than their male counterparts. Here's the state of Black-women-owned businesses today: - 2.1 million businesses, representing 52.1% of all Black-owned businesses - 528K+ employed - $98.3 billion generated for the economy - Outpaced growth in revenue and employment compared to all women and Black men between 2019 and 2023 But Black women have more trouble accessing outside financing than other demographics. So now onto the reason for the season: support! 

The number of businesses owned by Black women grew 50% from 2014 to 2019, representing the highest growth rate of any female demographic. Black females accounted for 42% of all women who opened a new business during that time and represented 36% of all Black employers. Despite this increase, Black female founders earn an average revenue of just $24,000, compared to $142,900 among all women-owned businesses. Black business owners who apply for funding have a rejection rate that is three times higher than that of White business owners. These are just a handful of free resources to aid our community in supporting Black, women-owned businesses all year long. Did I miss any great resources you know of? Source: J.P. Morgan Chase, 2023

Black women are the fastest-growing group of business owners in the U.S. Their vision, determination, and resilience are not just breaking barriers; they're shaping a more inclusive and innovative economy for future generations. ⁠ ⁠ August is Black Business Month, and supporting Black-owned businesses isn't just a "good" thing to do—it's essential. There are 2.1 million Black women-owned small businesses in the U.S., each contributing to a more equitable and diverse marketplace.⁠ ⁠ Let’s continue to uplift and celebrate Black women entrepreneurs, today and every day. 💪🏾⁠ ⁠ #BlackBusinessMonth #SupportBlackOwnedBusiness

🎤 Listen as Dr. Fallon Wilson and our CEO and President, Brenda Darden Wilkerson, discuss the power of resilience and the impact of Black women in tech. Their conversation is not just inspiring; it's a call to recognize and support the crucial contributions of Black women in shaping our digital world. #blackwomenintech #bthewayforward #techinnovation #diversitymatters #womenintech

Only 3% of Black women-owned businesses mature + make it past 5 years. This is despite starting 42% of all businesses created each day by women overall in the U.S. and more than 75% having at least a college degree. Blaze Group is pioneering in the space of business finance education, transcending content with culture — creating learning environments inside of third space technology that feel like “refuge” and “home”. These are spaces that Black women grow up in for years at a time, we’ve seen it with our own eyes. We are shifting timelines + the distribution of economic power. Read our blog to learn more about how we’re doing this. 👇🏾

Celebrating the Entrepreneurial Spirit of Black Women in America In recent years, there has been a significant rise in the number of Black women-owned businesses across America, and their impact on the entrepreneurial landscape cannot be overstated. From startups to established enterprises, Black women entrepreneurs are making waves, breaking barriers, and driving innovation in every industry imaginable. Despite facing systemic challenges and disparities, Black women continue to defy the odds and build successful businesses from the ground up. Their resilience, determination, and unwavering commitment to excellence are a testament to their entrepreneurial spirit and ingenuity. As leaders and trailblazers, Black women-owned businesses contribute not only to the economy but also to the fabric of our society. They create jobs, drive economic growth, and serve as role models and mentors for the next generation of entrepreneurs. At Urban Candles LLC, we recognize the immense value that Black women entrepreneurs bring to the table. We are committed to supporting and uplifting their voices, fostering an environment of inclusivity, and providing opportunities for growth and success. As we celebrate the achievements of Black women-owned businesses, let us continue to champion diversity, equity, and inclusion in entrepreneurship. By recognizing and amplifying their contributions, we can create a more equitable and prosperous future for all. #BlackWomenEntrepreneurs #EntrepreneurialSpirit #DiversityInBusiness #Innovation #Empowerment #Inclusion #BusinessLeaders #BreakingBarriers #DrivingChange #CelebratingSuccess

𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝟗𝟔 𝐭𝐢𝐦𝐞𝐬 𝐟𝐞𝐰𝐞𝐫 𝐛𝐥𝐚𝐜𝐤 𝐰𝐨𝐦𝐞𝐧 𝐚𝐦𝐨𝐧𝐠 𝐔𝐒 𝐮𝐧𝐢𝐜𝐨𝐫𝐧 𝐟𝐨𝐮𝐧𝐝𝐞𝐫𝐬 𝐭𝐡𝐚𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐩𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧    As we celebrate Black History Month in February, here’s a statistic everyone should reflect on: the percentage of black women among US unicorn founders is just 1 percent of what it should be, based on the proportion of black women in the overall US population.    In our sample of 2,936 US identified unicorn founders, only 2 are black women: Toyin Ajayi, Cityblock Health, and Robyn Fenty, Savage X Fenty (you probably know Robyn by her stage name, Rihanna).    This is 0.068% of all unicorn founders.    Of the total US population of 333 million in 2022, 22 million, or 6.7%, are black women.    0.068% is almost exactly one-hundredth of 6.7%.    My team and I hope that everyone—from entrepreneurs to investors to regulators—will take this statistics into account. #stanford #stanfordgsb #venturecapital #startups #innovation #technology #blackhistorymonth