Showing posts with label webinar. Show all posts
Showing posts with label webinar. Show all posts

Saturday, September 8, 2018

Feedback on “How to Finance a Black Women-owned Business in 2018”

We recently held a series of webinars designed “to help black women business owners discover various ways to land capital.” The webinars, titled, “How to Finance a Black Women-owned Business in 2018” were held on July 18th, August 10th and August 24th.

The feedback from the webinars is good. Eighty five percent (85%) of the respondents to our customer satisfaction survey found the webinar useful. Seventy one percent (71%) rated the webinar excellent.
















Of the forty or so women on the webinar (and they were all women) forty two percent (42%) have just started looking for business financing. Fourteen percent (14%) have been looking for business financing over the past one to six months, and twenty eight percent (28%) have been looking over the past six to twelve months. Fourteen percent (14%) have not attempted to get financing yet, but are simply exploring options.


















This dovetails with the recent efforts we have observed in this sector. The table below lists some of the new funds that have been created to finance Black women owned businesses:

We believe this is a recognition of the higher than average returns that might be available in companies founded by those in overlooked communities.

As we noted in a recent article in the Journal of Financial Planning :

“Common sense will tell you that in an environment, a culture, and an economy that is getting more diverse all the time, that the diverse company is going to have more customers, and this should lead to higher revenue and higher profits, assuming their costs are under control. They should do better over the long term than the non-diverse company.

We researched that [premise] and found that that is the case, but there is a but; it really depends upon the industry you’re in. If you’re in a consumer-products type of industry, of course, more customers is better than fewer customers, and that’s all it boils down to.

We did some of this initial work for the magazine, DiversityInc. We did the statistical and investment analysis and found that our thesis about the higher alpha for a portfolio comprised of companies that are top performers within the sector diversity/inclusion was correct.”

We will continue to provide information in this space, and will schedule another broadcast of our webinar. If interested, please email us at info@creativeinvest.com.

Monday, July 2, 2018

Webinar - How to Finance a Black Women-owned Business in 2018

Maggie Lena Walker was the first female bank president of any race to charter a bank in 1902. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation."
Of course, we've known this for some time, and have the track record to prove it. We launched MinorityFinance.com in 1998 and noted that 65% of the inquiries from the site came from Black women. While others have come along after our launch, we remain active and at the forefront. See: Small Business Financing, Black People and Venture Capitalhttps://youtu.be/gXGBEUoxHHs
The key issue then, and now, is money: "according to the Diane Project, black female founders are only able to raise an average of $36,000 in venture funding, while start-ups owned mostly by white males have received on average $1.3 million." We provide data-based advice and instruction, based on our years of experience, to help you over this hurdle.
Our webinar provides information on the current state of Black women businesses. We provide actionable information you can use to get financing for your business.
AGENDA
• Business Planning
• Your business credit history: Dun and Bradstreet.
• Data and Resources for Black women businesses
• The best non profit, local/state/federal resources
• Steps in the business financing process
• Protecting your ideas: intellectual property rights
• What type of financing products and sources/investors/lenders are best for your business: banks, credit unions, factors, hard money lenders, crowdfunding, credit cards, venture capital, digital currency, ICOs.
• Why you should seek out venture capital these days. Which ones to go to. How you should approach them.
Gwen HurtSPECIAL GUEST - Gwen Hurt is the founder and CEO of Shoe Crazy Wine. Her goal is to make her company a national brand. On June 15th, the firm was invited to present Shoe Crazy Wine during WalMart’s open call initiative, and, as a result, by 2019, will be sold in Walmart stores. Ms. Hurt will discuss her ongoing entrepreneurial journey.

To attend:

 https://blackwomenbusinessfinance.eventbrite.com

NOTE: ATTENDEE LINK WILL BE SENT ONE WEEK PRIOR TO WEBINAR.

Wednesday, September 12, 2012

Crowdfunding webinar - 9/13/12


This webinar will provide a social investing summary of the law, along with a summary of how investors and businesses can use the law to enter the Crowdfunding market. We will also review current developments.
All paying attendees will get a copy of my book: The JOBS Act: Crowdfunding for Small Businesses and Startups [Paperback - Published 9/26/12] 
The law targets emerging growth companies and defines them as an issuer with “total annual gross revenues of less than $1,000,000,000 (one billion dollars)..during its most recently completed fiscal
year.” 
For potential investors, providing a platform for the sale of emerging company securities does not require registration as a Broker/Dealer, given certain exemption qualifications. To become a funding platform, vendors must fulfill 12 requirements. Equity issuers are subject to certain restrictions/limits.  There are four trading restrictions and three exemptions. Issuers (Emerging Growth Companies) are liable for any untrue statements of material facts.

In addition, the SEC must make a special effort to reach out to women, veteran and minority firms.

To register, go to: http://jobsact.eventbrite.com/