Sage and The BOSS Network have partnered in Atlanta to form a Commission of 40 Black Women Founders from the metropolitan area. Together, we’ve produced an insightful report titled “Voices of Strength,” exploring the experiences of these women entrepreneurs.
Atlanta boasts the highest concentration of Black entrepreneurs in the U.S., offering fertile ground for innovation and economic growth. The report also provides recommendations on how the public and private sectors can better support these dynamic founders who are vital to economic growth. Let’s unlock their potential together.
Atlanta boasts the highest concentration of Black entrepreneurs in the U.S., offering fertile ground for innovation and economic growth. The report also provides recommendations on how the public and private sectors can better support these dynamic founders who are vital to economic growth. Let’s unlock their potential together.
Our analysis reveals three distinct subsets of Black women founders aligned with their journey stages and performance—Navigators, Maintainers, and Thrivers. These categories offer invaluable insights, highlighting the need for tailored support rather than a one-size-fits-all approach. Recognizing the phases in their journey empowers public and private sector entities to effectively cater to their diverse requirements.
These founders, while optimistic about their future, face significant challenges, including a lack of support from mentors or advisors, minimal involvement in formal networks, unstable cash flow, and uncertainty in managing and growing their businesses. They would benefit from targeted mentors, business and financial planning resources, and access to expert advisors and educational materials to bolster their journey.
Demonstrating resilience, Maintainers cope with unstable cash flow while preserving existing achievements. They have at least one formal mentor or advisor and actively participate in professional networks. Support for Maintainers can focus on developing a comprehensive financial plan, enhancing their mentorship network, and providing resources for marketing, sales, operations, and human resources.
Thrivers exhibit strategic planning and strong support systems, with formal mentors or advisors, active engagement in industry and professional networks, stable cash flow, and a focus on long-term goals. To empower Thrivers further, support can include programs covering investment strategies, connections with potential investors, assistance in developing comprehensive succession plans, and partnerships with industry experts and research firms.
Dr. Cameka Smith is a dynamic speaker, accomplished trainer, and award-winning entrepreneur dedicated to growth and empowerment. She is the Founder of The BOSS Network. This distinguished professional women’s organization has garnered numerous accolades, including recognition as a “Top 10 Website for Career and Entrepreneurial Women” by Forbes Magazine and one of the “Best Websites for Entrepreneurs” by Inc. Magazine.
With a Doctorate in Philosophy, Dr. Smith boasts over a decade of experience as an administrator, where she specialized in training educators, principals, and designing student programs for esteemed universities and Chicago Public Schools. Fueled by her profound passion for education, she initiated BOSS On Campus, a visionary program aimed at nurturing the next generation of young leaders and entrepreneurs.
Dr. Smith’s remarkable contributions have not gone unnoticed. Adweek honored her as a “Rising Brand Star” among influencers, Ariel Investments celebrated her as a Chicago Game Changer, and The Network Journal recognized her as one of the “Top 40 under 40” accomplished businesswomen. Most recently, Forbes.com acknowledged The BOSS Network as a Forbes Next 1000 enterprise, signifying its significant impact on America’s business landscape.
Dr. Cameka Smith’s relentless commitment to empowerment, education, and entrepreneurship inspires and shapes the future of business and leadership.
Dr. Smith’s remarkable contributions have not gone unnoticed. Adweek honored her as a “Rising Brand Star” among influencers, Ariel Investments celebrated her as a Chicago Game Changer, and The Network Journal recognized her as one of the “Top 40 under 40” accomplished businesswomen. Most recently, Forbes.com acknowledged The BOSS Network as a Forbes Next 1000 enterprise, signifying its significant impact on America’s business landscape.
Dr. Cameka Smith’s relentless commitment to empowerment, education, and entrepreneurship inspires and shapes the future of business and leadership.
Black women entrepreneurs are forging the path to a brighter shared future. To make this vision a reality, support from the public and private sectors is not just crucial; it’s an investment in innovation, equity, and prosperity. Prioritizing community and small business development while fostering partnerships is key. The Sage and BOSS Network Commission of Black Women Founders unite to amplify these voices and experiences beyond individual success. Embrace their collective voices and recommendations for a more inclusive and prosperous future. Together, we build a brighter tomorrow.
Demand that our voices and perspectives carry equal weight in the business realm. Reject stereotypes and preconceived notions that restrict our opportunities and compound our challenges.
Recognize our multifaceted identities, encompassing personal and professional aspirations. Representation matters; we seek partners who value and support us and our fellow women entrepreneurs.
Our voices hold immeasurable worth. Active listening to our experiences, viewpoints, and insights is a cornerstone of meaningful engagement.
Our wealth of experience and expertise stands as a valuable resource for organizational innovation, growth, and prosperity.
Acknowledge the power of mentorship and collaboration. Transparent information-sharing streamlines our path forward and optimizes resource utilization.
Recognize our contributions in tangible and intangible ways. Cultivate a reciprocal relationship where our time, connections, and expertise are esteemed and reciprocated.
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