August marks the beginning of Nationwide Black Enterprise Month. This month, we acknowledge Black enterprise homeowners and assist their contributions to our group.
There are over 3.5 million Black enterprise homeowners, and these companies generate tons of of thousands and thousands for the U.S. Clearly, Black-owned companies are important to the financial system, however these entrepreneurs overcome distinctive challenges.
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Nationwide Black Enterprise Month raises consciousness of those obstacles and acknowledges particular experiences of Black entrepreneurs when beginning a enterprise.
What’s Nationwide Black Enterprise Month?
Nationwide Black Enterprise Month celebrates Black-owned companies throughout the U.S. It was based in 2004 to focus on the contributions these companies make to the financial system and the challenges Black enterprise homeowners face to safe monetary backing.
Nationwide Black Enterprise Month was based by Frederick E. Jordan and John William Templeton to go laws empowering Black enterprise homeowners. Jordan skilled his personal struggles securing funding and needed to assist over 2 million enterprise homeowners overcome these obstacles.
When is Nationwide Black Enterprise Month?
Nationwide Black Enterprise Month takes place in August annually. It’s a month-long occasion that spans from August 1st to August thirty first.
Seeking to become involved? Let’s evaluate 4 methods you may assist Nationwide Black Enterprise Month this 12 months – and all 12 months spherical.
Find out how to Help Nationwide Black Enterprise Month
- Refer prospects to Black-owned companies.
- Associate with Black enterprise homeowners.
- Help Nationwide Black Enterprise Month on social media.
1. Refer prospects to Black-owned companies.
In the event you’re a small enterprise proprietor, you may assist Nationwide Black Enterprise Month by referring your prospects to those corporations. Since your prospects belief you, they’ll belief your suggestions as nicely. Customer referrals are one of the efficient methods for small companies to generate gross sales – and that’s not simply restricted to 1 month out of the 12 months. Whereas it’s nice to have a good time Nationwide Black Enterprise Month, this assist is nice to supply year-round.
One concept is to maintain a stack of business cards in your desk, or wherever you would possibly see a whole lot of buyer foot visitors, relying on the kind of work you do. If the chance arises, hand prospects a card with details about the opposite enterprise, and maintain these corporations in thoughts when a buyer asks you for a referral.
2. Associate with Black enterprise homeowners.
86% of Black enterprise homeowners have considerations about their entry to capital, and these homeowners usually tend to apply for loans than the nationwide common. Partnering with them can assist them obtain their targets financially.
One concept is co-hosting an occasion. You’ll be able to associate with different enterprise homeowners to host occasions on your group, like a block celebration or a pageant. A fan favourite is a meals truck occasion like this one the place you invite native distributors to promote meals, create pop-up outlets, and educate potential consumers about their services and products.
3. Spotlight Black-owned companies on social media.
You’ll be able to spotlight Black-owned companies on social media in the event you can’t assist them financially. Publish on Instagram, like this company did, to acknowledge Black-owned companies in your space.
Listed here are a couple of captions you can use for your social media post:
- August is Nationwide Black Enterprise Month! Be a part of us in supporting Black-owned companies in your group this month and year-round.
- It’s Nationwide Black Enterprise Month! Exhibiting our assist for Black entrepreneurs in our group at this time and on daily basis.
- Nationwide Black Enterprise Month is right here! Assist us assist Black-owned companies this August and past.
- August is Nationwide Black Enterprise Month! Help Black-owned companies in your space and assist construct a stronger group.
- Nationwide Black Enterprise Month is right here! Let’s present our assist for Black-owned companies in our group this August and all year long.
Professional Tip: Don’t neglect to incorporate #blackbusinessmonth for additional visibility.
Sources for Black Enterprise Homeowners
Listed here are some sources Black enterprise homeowners can use to secure financial backing, community with different enterprise homeowners, and apply for enterprise grants.
Black Business Alliance (BBA)
The Black Enterprise Alliance is a corporation that helps Black enterprise homeowners safe funding, enhance abilities, and handle their companies extra effectively. The BBA hosts occasions, coaching classes, and outreach packages which are accessible by way of its membership. Memberships begin at $100/12 months.
Black Owned Everything
Black Owned All the things is a retail firm that solely companions with Black-owned manufacturers. It makes use of Shopify to produce its on-line market and works with manufacturers even when they’re not on Shopify. Try this page to discover ways to be featured on the positioning.
Black Business Accelerator
The Black Enterprise Accelerator program is a service that helps Black enterprise homeowners promote merchandise on Amazon. Since 2021, it has helped enterprise homeowners safe funding, enhance their entrepreneurial abilities, and determine alternatives to attach with prospects.
Black Connect
Black Join is just like the BBA. It’s a membership program that grants enterprise homeowners entry to capital, coaching, and mentorships that assist them develop their organizations. Memberships begin at $50 a 12 months, however dues are tax-deductible, according to the company’s website.
U.S. Black Chambers
The U.S. Black Chambers (USBC) provides a variety of companies by way of its membership, from on-line coaching to enterprise certifications. The USBC additionally hosts occasions just like the USBC National Conference, the place Black enterprise homeowners can study and community with one another. Memberships begin at $300/12 months.
Supporting Nationwide Black Enterprise Month
Black enterprise homeowners face distinctive challenges when beginning a enterprise. Nationwide Black Enterprise Month raises consciousness of those obstacles and helps companies that historically overcome extra roadblocks than others.
Use these tricks to assist Black-owned companies in your space, or reap the benefits of the sources above to proceed your success this 12 months.
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