In honor of Black History Month, we’re sharing tips and tools for black entrepreneurs as well as stories of successful entrepreneurs. We recently spoke with Shawna Collier, Senior Loan Counselor at Justine Petersen, to ask her about the obstacles that black entrepreneurs face and resources they can use to overcome these challenges.
Access to capital
We are proud to partner with the U.S. Black Chambers, Inc. (USBC), a national organization that promotes economic empowerment for Black entrepreneurs through advocacy work and by providing resources and tools. USBC is the umbrella organization for over 100 Black Chambers and small business associations through the country that deliver local support to small business owners. In honor of Black History Month, we talked with USBC President Ron Busby to share insight into tools and resources that can help Black entrepreneurs succeed.
In 2015, Kristine de la Cruz, owner of Crème Caramel LA and co-owner of Frankie Lucy Bakeshop in Los Angeles, traveled to Washington D.C., to participate in one of Small Business Majority’s policy-focused events. Four years later de la Cruz joined us again–a little closer to home–for the “California Small Business Summit: Building Local Economies” to learn how she can expand her businesses. She wasn’t disappointed.
This report compiles findings from focus groups and roundtable discussions with rural small business owners and other small business stakeholders in four states, as well as the results of a national poll of rural small business owners. The report also features recommendations for policymakers and service providers to increase opportunities for rural entrepreneurs.
There are many reasons to start a small business, but for longtime entrepreneur Letha Pugh and her wife, Wendy, their gluten-free bakery was born because Wendy’s Celiac disease prevented the family from going out for meals.
Introduction: Build your wealth and secure your health
As a small business owner, we know you wear many hats—from running the day-to-day operations of your business, to managing employees, building a brand and much more. And for aspiring entrepreneurs, this can mean juggling a traditional job while navigating the ins and outs of starting a new venture. One thing many entrepreneurs feel unequipped to deal while starting or running a business is how to handle business finances and maintain health.
We are proud of our work this year serving small businesses and independent entrepreneurs. As we prepare to expand this work in 2019, we’re taking time to reflect on our successes over the last year.
This was certainly a year of expansion for Small Business Majority. We worked hard to bring new resources to underserved communities and supported new policies that will benefit small business owners. Here are six of our biggest accomplishments in 2018:
Our educational video series, Small Business Financing 101 & Small Business Retirement 101, provides quick answers to several frequently asked questions about accessing capital and saving for retirement.
The videos feature short 2-3 minute tutorials on topics such as key questions to consider before taking out a loan, the pros and cons of online lending and common workplace-based retirement plans.
Small Business Majority is now managing Venturize.org, a free online resource hub for small businesses that need help accessing responsible capital and becoming loan ready. Venturize offers unbiased education and resources to small business owners seeking loans to empower them to make the best financing decision for their business. Venturize is not a lender—but a program from Small Business Majority.
Small Business Majority is proud to partner with the Veterans Business Resource Center (VBRC), an organization based in Missouri that provides mentorship and trainings for veteran small business owners, while also assisting their transition back to civilian life.