If you’re a small business owner struggling to keep your company afloat, here are a few tips, from my team to yours, to help your company emerge from the pandemic stronger and more agile than ever.
The unfortunate reality is that far too many Black-owned businesses entered this crisis undercapitalized and under-resourced. Through our own research, we know that businesses in predominantly Black and Latinx communities have significantly lower cash liquidity than businesses in predominantly white communities.
As a step toward helping black-owned businesses recover and move forward, a coalition of four business advocacy groups — the National Minority Supplier Development Council, US Black Chambers, National Urban League and Black Enterprise — have partnered with JPMorgan Chase to launch Advancing Black Entrepreneurs by Chase for Business.
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Jul 14, 2020, 10:56 ET
DALLAS, July 14, 2020 /PRNewswire/ — The world’s economy has entered uncharted waters. Many small businesses are imperiled by diminished sales and the drying up of government and bank programs. At this moment it’s critical that public institutions and private enterprise step up to help struggling small businesses who still need funding.
To help navigate these dangerous new circumstances we are launching
“Crowdfundingroadmap Survive & Thrive Summit 2020, Sponsored by Microsoft” on August 6th, 1:00 pm EDT / 10:00 am PDT, a virtual summit and collaboration of the Microsoft Corporation https://www.microsoft.com/en-us/corporate-responsibility Director of Supplier Diversity Fernando Hernandez and Ruth E. Hedges Crowdfundingroadmap founder, (“Queen of Crowdfunding”) and industry pioneer of Equity Crowdfunding.
“The focus of our virtual event will be to introduce the many ways of Crowdfunding: rewards, equity, and donation, that have the ability to bring a new pool of billions of dollars to minority, women, veterans, and LGBTQ-owned businesses and startups. We want to educate those new to the process of crowdfunding so they can survive during this pandemic and recession,” said Ruth E. Hedges.
Crowdfunding is the practice of funding a project, new venture or small business by raising small amounts of money from a large number of fans, followers, and customers via the Internet and if done correctly can be a lifeline for hundreds of thousands of businesses that are struggling during the COVID-19 pandemic.
To that end, we have partnered with the following organizations to offer their members and all small businesses and startups a virtual crowdfunding event:
USHCC United States Hispanic Chamber of Commerce
WPO- The Women Presidents’ Organization
NVBDC- National Veteran Business Development Council
WBENC – Women’s Business Enterprise National Council
NMSDC – National Minority Supplier Development Council
NGLCC – National LGBT chamber of commerce
“The impact of the Coronavirus pandemic has created an economic crisis for the small businesses that are the heart and soul of our economy and our supplier diversity programs. Many are in need of access to capital to manage through this crisis. We are grateful to our partners for recognizing the need and joining together with us to educate their members in this powerful process of crowdfunding,” said Fernando Hernandez.
Please register for free here: http://www.crowdfundingroadmap.com
About Crowdfundingroadmap Inc. http://www.crowdfundingroadmap.com
Crowdfundingroadmap Inc is the leader in crowdfunding education and has produced crowdfunding conventions and courses for the past decade.
The event will be on the Microsoft Teams platform and produced by Ruth E. Hedges Crowdfundingroadmap’s founder and one of the world’s most admired and knowledgeable crowdfunding leaders for the past decade. She is also one of the world’s foremost authorities on equity crowdfunding as one of the original pioneers of the legislation that was ultimately signed into law as Title lll 4(a)(6) the crowdfunding bill in the JOBS Act on April 5, 2012.
Ruth E. Hedges
702 900 1270
This is a painful time for our nation. Like you, our entire organization and our staff are struggling to understand the senseless deaths of George Floyd and too many others whose lives have been impacted by racial injustice. Our thoughts go out to their families. But minority communities need more than grief and words.