Arabia Simeon’s Post

This Black History Month✊🏾, Waya proudly recognizes the extraordinary resilience of the 161,031 Black-owned businesses in the US, a community that continues to flourish and grow according to the latest insights from USA Today. 📈✨ Despite the challenges, these businesses are making a profound impact. According to the USA Today report, Black-owned businesses have been steadily growing, contributing significantly to the nation's economic landscape. It's not just a statistic; it's a testament to determination, innovation, and the pursuit of dreams. At Waya, we champion inclusion and financial freedom for all. That's why we're excited to announce the upcoming Waya Business Accounts—an innovative solution designed to help business owners, including the incredible Black entrepreneurs, manage their financial operations easily and efficiently. Let's amplify their impact—tag your favorite Black-owned business below and share the love! Together, we can foster a supportive and thriving ecosystem. #BlackOwnedBusiness #BlackHistoryMonth #WayaBusinessAccounts

Successful black female entrepreneur, Pamela Booker, argues that black female entrepreneurs are winning because the system wants to break the black family, by emasculating black men. Agree? Disagree? Please watch & share your thoughts.

February is Black History Month! For more than 40 years, the Oregon SBDC Network has supported small businesses and entrepreneurs as they’ve launched, grown, and thrived in their small businesses. Join us in recognizing the important contributions of Black-owned businesses this Black History Month. Learn more about how we’re building Oregon’s best businesses at https://buff.ly/3NvzA75. #BlackHistoryMonth #BlackBusinessOwners #BlackEntrepreneurs

The Challenge is institutional and intentional to continue the gross disparity in support for Black entrepreneurs. This perpetuates the generational wealth gap. Where the TN Inititiative? Where is the Nashville Initiative? Where is your City’s Initiative? (Let’s talk to the Groups finded for these purposes; $. National Commuinty Reinvestment Act.org Case Study: How Black Businesses Can Build Competitive Advantage For Anchor Procurement With The Atlanta Wealth Building Initiative The Atlanta Wealth Building Initiative By Joshua Devine, NCRC Across industries, the majority of African American-owned small businesses are concentrated in healthcare and social assistance. Despite the nearly threefold increase in Black entrepreneurship, the proportion of Black revenue decreased from 1% to 0.5%. In fact, Pew Research notes that most Black-owned businesses have relatively small payrolls and limited revenue generation. [Read more]

The most sad part about black entrepreneurism is that our businesses on average have an 80% failure rate in the first 18 months of opening. One of the most alarming reasons for this is the lack of access to credit and lack of Grant acquisition for startups. Men lie, women lie, but the numbers don't. Most new and growing black owned businesses are operating on their personal funds and struggle to acquire investment capital to grow. One out of five black applicants for Federal covid business relief funds received nothing. Black businesses have some of the business loan approval rates in the country. My biggest pieces of advice for young black aspiring entrepreneurs is to make sure your credit is a plus make sure you have plenty of liquid capital on hand and make sure you have a clear and well researched business plan that you can present to banks and potential investors. Minimize the legitimate reasons to be turned down for your financial needs. Make them justify and detail why they are saying no. And most importantly plan to invest in a good coach or advisor for every part of your business that you are the least knowledgeable or the least skilled in. I'm personally rooting for you. I want all of us to win and get rich in these streets!

SBAN Member Spotlight: Avery Ebron, Director of Community Products at The Guild, is focused on closing the racial wealth gap through cooperative real estate, entrepreneurship programs, and access to capital for historically marginalized communities. Learn more about the journey of this 100% BIPOC worker-owned cooperative as they build more opportunities for community-owned commercial real estate: https://lnkd.in/e2SRD-rY Resource alert: Don't miss this 2021 Black paper co-authored by Ebron and another SBAN Member, Lyneir Richardson, titled, "Building Community Wealth: Shifting Power and Capital in Real Estate Finance." The report identifies specific changes to reduce barriers to BIPOC-led real estate development. https://lnkd.in/ePjHsUw4

August is Black Business Month, a time to appreciate and support all of the amazing, black-owned businesses that make our communities great. According to “The 2019 State of Women-Owned Businesses Report” from American Express, Black women are the fastest-growing group of entrepreneurs in the United States. Black women-owned businesses often face unique challenges, including limited access to capital. Every entrepreneur deserves tailored financial options and support to fuel their growth. CDFIs play a crucial role in supporting Black and women-owned businesses. Their targeted financing and personalized approach can help unlock some of the barriers preventing entrepreneurs from starting or growing their businesses. In every community we work, we prioritize outreach to Black entrepreneurs, developers, and residents who have often been neglected by traditional financing sources. 

And if you haven’t, consider giving my business page a follow! #BlackBusinessMonth

𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐨𝐫𝐢𝐳𝐨𝐧𝐬: 𝐂𝐨𝐦𝐦𝐞𝐦𝐨𝐫𝐚𝐭𝐢𝐧𝐠 𝐁𝐥𝐚𝐜𝐤 𝐇𝐢𝐬𝐭𝐨𝐫𝐲 𝐌𝐨𝐧𝐭𝐡 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐒𝐭𝐚𝐫𝐭-𝐮𝐩𝐬 𝐚𝐧𝐝 𝐒𝐌𝐄𝐬. 𝐃𝐚𝐭𝐞: 𝟎𝟗 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 𝐓𝐢𝐦𝐞: 𝟏𝟑:𝟑𝟎 𝐭𝐨 𝟏𝟓:𝟑𝟎 𝐕𝐞𝐧𝐮𝐞: 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐜𝐨𝐫𝐧𝐞𝐫 Dive into the rich history of black entrepreneurship, focusing on finance and risk management. Our distinguished panelists, including successful entrepreneurs and financial experts, will share valuable insights to help you chart a successful financial journey. 𝐓𝐨𝐩𝐢𝐜𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: - Historical Perspectives on Black Entrepreneurship - Finance Through the Ages: Evolution and Adaptation - Risk Management Strategies - Panel Discussion with Q&A - Tips for Avoiding Historical Pitfalls in Start-ups and SMEs Secure your spot now and be part of this inspiring conversation! https://lnkd.in/gvskDdZR Don't miss out on the opportunity to connect with like-minded individuals. Let's celebrate Black History Month by empowering the future of finance and entrepreneurship! #BlackHistoryMonth #FinanceInnovation #Entrepreneurship #PanelDiscussion #CommunityEmpowerment

Join the BEKH community to grow and develop your skills and be a catalyst for change! Here's how you can get involved: Join our research skill-building workshops and discover how to craft your story. Gain insights and resources tailored for ambitious entrepreneurs, resourceful business owners, and influential community leaders. Dive into the intricacies of impactful research with our pre-recorded sessions every Tuesday and live, interactive sessions every Thursday. Equip yourself with the tools to drive innovation and make informed decisions. Discover the transformative power of BEKH's Black Entrepreneurship Ecosystem Map (BEEM), linking entrepreneurs nationwide and empowering them to thrive. BEEM provides visibility for your organization, connecting you with customers, funders/investors, procurement opportunities, and more! To all visionary Black entrepreneurs, your voice is crucial. Share your experiences through our survey, shaping a brighter future for all. Let's join hands in celebrating diversity, and equity. Join us in applauding the incredible impact of BEKH, honoring its commitment to uplifting Black entrepreneurship. Watch our video to witness the journey unfold and learn how you can be part of this inspiring movement! Click the link below to get involved. https://lnkd.in/guf2Sq6F