Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

The BOSS Network & Sage Releases Groundbreaking Report Addressing Challenges Atlanta-Based Black Women Founders Face

rmtsa by rmtsa
October 19, 2023
in DramaAlert
0
The BOSS Network & Sage Releases Groundbreaking Report Addressing Challenges Atlanta-Based Black Women Founders Face
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



You might also like

‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

50 Cent To Talk To Trump In Effort To Block Possible Diddy Pardon

*Originally reported by Blacknews

Nationwide — The BOSS Network — an online community of professional and entrepreneurial women who support each other through conversation, online, and event-based networking — has released a report entitled “Voices of Strength: Pathways to Success for Black Women Founders.”Released in partnership with Sage – the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs) – this groundbreaking report identifies the most prominent challenges facing Black women founders in Atlanta, including a lack of access to funding through grants and government resources, mentorship, and the ability to digitally scale their businesses for growth. Findings were from a joint study with insights from 40 Black women entrepreneurs, all founders of small businesses within the metro Atlanta area.

Access to Capital, Digitalization, and Mentorship as Biggest Challenges

Despite Black women being the fastest-growing community of successful entrepreneurs in the US, with a growth rate of over 18% since 2017, only five percent of the surveyed founders have been able to secure funding through business loans or venture capital funds. Additionally, only 20% were familiar with the process to apply for and receive funding through government grants. While access to capital remains a key barrier for growth among this group, there is also a large gap in mentorship and training in the intricacies of social media algorithms to garner a return on investment from social media efforts.

Although the report found that challenges among Black founders heavily impacted success, results also demonstrated the resiliency and enthusiasm among founders. Of those surveyed, 88% were optimistic about the future of their business, driven by confidence and their personal and community passions to improve the lives of others and deliver an impact greater than themselves.

“It’s through important partnerships with companies like Sage that we are able to effectively shine a light on the struggles that Black women founders face in an exponential way,” said Dr. Cameka Smith, founder of The BOSS Network. “We hope this report will inspire businesses and corporations in Atlanta and beyond to take meaningful action in support of Black women business owners to achieve success for the betterment of our economic development.”

To address the challenge of lack of capital and drive immediate change among Black founders in Atlanta, Sage and the BOSS Network launched the “Invest in Progress” program in 2022. This research is essential to extending our work to ensure continued support of Black women founders. It is dedicated to fostering a pipeline of funding, mentorship, and access to Sage technologies to help founders grow and scale their businesses. Sage has committed to providing funds through the grant program to support and drive the resilience and passion within this group of dynamic women.

In addition, Sage and The BOSS Network are announcing a new partnership with Swoop, a prominent global fintech company specializing in funding solutions. This collaborative endeavor, made possible through the Sage Foundation, is designed to further empower this community of entrepreneurs, in direct response to the insights uncovered in the Voices of Strength report. It will encompass personalized financial training programs and enhanced access to capital resources.

Through this strategic alliance, the organizations will offer:

• Up to 150 women entrepreneurs in Atlanta will be provided a 3-year membership to The BOSS Network and 1 year of training access for up to 150 Atlanta women founders (including the commission) giving them access to The BOSS Network, resources, support, and events.

• 7+ grants from the Invest in Progress program to go to founders in Atlanta (valued at up to $70K)

• Custom trainings through BOSS Business University, Sage, and SWOOP for the Atlanta cohort of Invest in Progress recipients in response to the themes identified in the report, including finance training and resources for access to capital.

 



Source link

Tags: AddressingAtlantaBasedBlackBossChallengesFaceFoundersGroundbreakingNetworkReleasesReportSageWomen
Share30Tweet19
rmtsa

rmtsa

Recommended For You

‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

by rmtsa
June 3, 2025
0
‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

EXCLUSIVE: Outlander star Sam Heughan will star as the murderous tyrant in Macbeth, marking his debut with the Royal Shakespeare Company, and he tells Deadline that returning to the stage for the...

Read more

Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

by rmtsa
June 3, 2025
0
Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

Descrease article font size Increase article font size Actor Jonathan Joss, best known for voicing John Redcorn in King of the Hill, has died in a shooting, according...

Read more

50 Cent To Talk To Trump In Effort To Block Possible Diddy Pardon

by rmtsa
June 2, 2025
0
50 Cent To Talk To Trump In Effort To Block Possible Diddy Pardon

Source: Christopher Polk It’s no secret that Curtis “50 Cent” Jackson hates Sean “Diddy” Combs. He has hated him for years at this point and that unmitigated loathing...

Read more

Cardi B Goes Instagram-Official With NFL Star Stefon Diggs • Hollywood Unlocked

by rmtsa
June 2, 2025
0
Cardi B Goes Instagram-Official With NFL Star Stefon Diggs • Hollywood Unlocked

Cardi B Makes It Instagram-Official With Stefon Diggs After Offset Drama Cardi B just let the world know she’s entering her “Chapter Six” era — and this time,...

Read more

Puka Nacua Reveals Advice He Gave Brother Samson After UFL Slap Incident

by rmtsa
June 2, 2025
0
Puka Nacua Reveals Advice He Gave Brother Samson After UFL Slap Incident

Puka Nacua Offers Advice To Bro Following Fan Incident ... 'You Gotta Be Cool' Published June 2, 2025 12:30 AM PDT Play video content TMZSports.com It's been about...

Read more
Next Post
Colossus’ Powers Are About to Evolve Like Never Before

Colossus' Powers Are About to Evolve Like Never Before

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • ‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage
  • NBC Nightly News Tom Llamas New Anchor First Episode Poll
  • Death Penalty Off the Table in Lil Durk Murder-for-Hire Case

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In