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Tag: Black Women Entrepreneurs

  • Trailblazing Black Women Entrepreneurs Share How They’re Breaking Barriers | Entrepreneur

    Trailblazing Black Women Entrepreneurs Share How They’re Breaking Barriers | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    For every Black woman who starts a business, a barrier is broken. An impressive 50,000-plus Black women are innovating in the United States — but not without the uphill battle of fighting bank funding denials, limited access to capital and systemic racism and sexism. Despite the challenges, Black women are bringing their products and services to the market.

    I’ve discovered several Black-owned brands and know they’re setting the stage for Black women everywhere to feel well, look good, and stay rooted in the culture. Here are four Black woman-owned businesses breaking barriers and some of their insights on business.

    Related: The Burden of Breaking Barriers is Pushing Black Leaders to Breaking Point. This DEI Expert Reveals Where We Are Going Wrong

    Fitness snob

    Fitness Snob is a Black and women-owned crew sock brand helping to cultivate and empower every woman’s fitness lifestyle. They’ve created perfectly tailored crew socks with styles that make it easier than ever to embrace one’s fitness journey in style.

    While crew socks don’t seem like a barrier-breaking product, they really are. With the apparel industry being largely dominated by white male-owned businesses, Black woman-owned fashion — especially crew socks, which are prized by athletes in every corner of our country — are hard to come by.

    When Fitness Snob founder Kim Turner was pressed about the challenges she’s faced growing her business, she said, “Being a Black-owned business entails overcoming stereotypes and obstacles, from the perception of catering exclusively to Black consumers to the struggle to secure startup capital and combat doubts about quality and legitimacy.”

    Despite these challenges, Turner has found the journey immensely rewarding as breaking barriers in the apparel industry has allowed her to witness her products transcend racial boundaries and empower all women to prioritize their health and fitness in style.

    Related: 6 Ways to Offer Allyship to Black Entrepreneurs

    DESERI

    With tons of fashion brands emerging from Europe, DESERI is a Black woman-owned fashion brand crafting signature handbags and jewelry that are timeless, elegant, and undeniably of the moment. Each product is handmade and a true work of art that reflects the skill of the artisan and the eye of the designer.

    With a deep appreciation for and commitment to quality, Deseri Kelley created a brand that is the embodiment of luxury made accessible. Representation matters. There are a million handbag brands out there, but very few are Black woman-owned and able to meet the mass market where they are.

    When asked about what qualities it takes to make a barrier-breaking Black-owned business, Kelley said, “Authenticity is the cornerstone of entrepreneurial success. By staying true to our values, celebrating diversity, and fostering a positive impact within the industry, we have not only built a brand but also a community.”

    Deseri emphasizes that embracing authenticity resonates with customers and, as a consequence, creates a loyal following that’s drawn to the business’s passion and purpose.

    Related: 5 Qualities of Black Excellence Overlooked in the Workplace

    Vontélle

    Vontélle is a luxury bespoke eyewear brand with an ethnic flair using unique African, Caribbean, and Latin print designs and textiles created by women of color. The luxury eyewear market is dominated by European brands, so it’s been refreshing to don a pair of Vontélle eyewear that are handcrafted and made for diverse faces.

    In addition, Vontélle is the first Black women-owned and operated eyewear company to obtain a licensing agreement from Nickelodeon. This brand is changing the narrative of who stylish eyewear is made for and putting Black and brown people’s unique physical characteristics and culture front and center in their designs.

    When Vontélle co-founders Tracy Vontélle Green and Nancey Flowers-Harris were asked about lessons they learned since starting their eyewear brand, they said, “soft launch with few products. We launched 37 designs with a large MOQ (minimum order quantity), in hindsight, we should have done a soft launch with 5 to 10 eyewear styles.” According to these founders, when launching a direct-to-consumer brand, starting small is key.

    Kee’ss Moi

    With the beauty and make-up industry dominated by white male-owned businesses, Kee’ss Moi is breaking barriers with their cruelty-free and vegan lip glosses inspired by iconic landmarks and neighborhoods. Founded by Mouna Deme, a French visionary with Senegalese roots, they’re celebrating diversity and inclusivity in beauty with products that match darker skin tones and make Black women look chic.

    When asked how creating a make-up line for women of color in a male-dominated space has impacted her vision and purpose, Deme said, “I’ve realized the importance of embracing imperfections and letting go of the need for perfection, which allows for more genuine moments and creative outcomes.”

    Deme has also learned that delegating tasks is essential for the optimal performance of the business. She knows that doing everything alone is not sustainable, and finding a work-life balance that aligns with her needs is key to increasing productivity in her business.

    Final thoughts

    For years, Black women entrepreneurs didn’t have options. From the clothing we wore to business meetings to the makeup we put on for photoshoots, many of us longed for more inclusive and flattering options, culturally competent designs, and to see someone who looks like us running companies with purpose.

    We’ve made significant progress in the past few decades and many of us finally have access to Black woman-owned brands that truly “get” us and our aesthetic and values. These are just four of the many Black woman-owned businesses breaking barriers and giving us options. I encourage you to support these businesses and hope you’ll keep your eye out for other Black women-owned brands near you.

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    Nika White

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  • Free Webinar | February 15: How to Build and Elevate A Black-Owned Brand

    Free Webinar | February 15: How to Build and Elevate A Black-Owned Brand

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    Opinions expressed by Entrepreneur contributors are their own.

    While business operations are generally black and white (hello, spreadsheets,) there are often unique cultural and environmental nuances that drive how a Black-owned brand is developed and launched, ultimately shaping how it is received and grows in the marketplace. Learn from global executive leader in public relations and brand elevation, Zakiya Larry, how to shape and grow a Black-owned brand that stands out and lasts. Also, discover how to go beyond checking a DEI box, to enhancing any company’s operations with Black-owned brands.

    Secure your spot today!

    Register now >>

    About the Speaker:

    Zakiya Larry, immediate past Chief Communications Officer for Constellation, a group within Stagwell, elevates brands and awareness through visibility strategy, media coaching, speaking and PR training, crisis mitigation and strategic public relations.

    Zakiya’s media features as an expert include: The New York Times, O, The Oprah Magazine (.com,) FOX News Radio Network, BlackEnterprise.com, The Washington Post, ESSENCE, Ebony, and many others.

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  • Black Woman Develops Fintech Platform, Raises $6.2m Funding

    Black Woman Develops Fintech Platform, Raises $6.2m Funding

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    This story originally appeared on Black Enterprise


    Hiraman | Getty Images

    This entrepreneur is keeping diversity in mind as she builds her platform.

    Physician Ami Kumordzie developed a fintech platform with no experience and a mission to connect consumers with IRS-compliant merchants, urging people to invest in improving their health.

    According to Forbes, after the Sika Health CEO observed the flaws within the healthcare system while studying at Stanford University School of Medicine, she decided not to go into residency and got her M.B.A. instead.

    “My first job was as a management consultant working for healthcare clients at BCG,” she said adding that the analytical position helped her identify the gap in the market.

    Kumordzie was inspired to launch Sika Health after her mother was laid off from her hotel job during the pandemic.

    “Even though I have worked in healthcare my entire career, I had to scramble and practically become a tax expert to figure out how she [my mother] could spend these funds before she would lose them,” she said.

    “About 70 million Americans are enrolled in FSA or HSA accounts, contributing about $150 billion a year,” Kumordzie said, noting the major loss consumers experience from forfeiting their FSA benefits.

    “That’s a real tragedy because it is money people could have invested in improving their health,” Kumordzie said.

    “We need more ways to save and tools that help stretch our dollars,” she said. “[Using FSA and HSA dollars] effectively means that you’re buying healthcare at 30% off expenses.”

    Kumordzie raised $6.2 million in the early stages of funding.

    “The goal was to raise $500,000,” she said. “Within weeks, I surpassed my goal and raised $1.2 million.” Kumordzie reached $5 million later during a seed funding round led by Forerunner Ventures representative Brian O’Malley.

    “Having a brand like Forerunner as one of our backers makes a big difference when you’re trying to hire,” Kumordzie said. “It makes a big difference when you’re having a hiring conversation and trying to convince someone to leave their high-paying stable job to take a risk on an early-stage business.”

    Kumordzie credits her non-traditional background to the success of drawing venture capitalists.

    The fintech founder wanted to be able to hire great tech professionals and eventually, Sika Health was able to hire the founding engineer of the payments team at Etsy.

    “Sika is on a mission to ensure customers can access and spend their HSA/FSA funds on items they want, when they want, hassle-free,” the website wrote.

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    Stacy Jackson

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