47%
OF ALL WOMEN-OWNED FIRMS ARE WOMEN OF COLOR
2.2
MILLION JOBS ARE GENERATED BY WOMEN OF COLOR OWNED FIRMS
$386
BILLION IN ANNUAL REVENUE IS THE TOTAL FROM WOMEN-OWNED FIRMS
Amplify is a mastermind mentorship program uniquely designed to engage and support women of color in maximizing their supplier diversity access to scale their business.
All women are welcome to apply although programming is designed in consideration of the unique experiences of women of color, equity gap and barriers not limited to the following:
Biases in business
Many women of color entrepreneurs will tell you that they have, and are still facing, a double bias due to both their race and gender.
Lack of representation
Very often, women of color are the only ones in business meetings. These women are often striving alone in industries and businesses dominated by men.
Lack of mentorship
There tend to be fewer mentorship opportunities available to women entrepreneurs in general. According to Inc., forty-eight percent of female entrepreneurs lack mentors and advisors.
Lack of resources
Another factor that slows growth: a lack of educational resources and mentors to help black women entrepreneurs ramp up their business knowledge. - Forbes Black Women Entrepreneurs: The Good And Not-So-Good News, Kerry Hanon
Networking challenges
For women of color, the income gap is even wider as a result of bias and limited networking opportunities, exclusive all boy’s club as well as not having the right tools and resources to navigate, that can prevent many women of color owned business from surviving and thriving.
Lack of Access to Capital
One reason so many of the businesses are micro is that many black women have difficulty accessing credit and face capital constraints, according to the Federal Reserve.
Amplify Network & Alum (ANA)
IF YOU WANT TO CONNECT WITH OTHER ADVANCING CEOs, TAP INTO THE DEE C. MARSHALL NETWORK TO GAIN ACCESS TO CORPORATE INSIDERS, INFLUENCERS AND OPPORTUNITIES… from WBENC to NMSDC to Capitol Hill to Media and more… CLICK HERE
FOR WOMEN OF COLOR
by a woman of color
The disparity between minority and non-minority women is increasing.
From 2014 to 2019, the average revenue for women-of-color-owned businesses shrank, with the exception of Asian women-owned businesses. In 2014, minority-owned businesses averaged $67,800 in revenue; by 2019 the average had dropped to $65,800. In 2014, non-minority women-owned businesses averaged $198,500 in revenue; by 2019, the average had jumped to $218,800.
The disparity has an enormous effect on the U.S. economy. Four million new jobs and $981 billion in revenue would be added if average revenue of minority women-owned firms matched that of white women-owned businesses.
What can you do to support
women of color business owners?
Become A
Sponsor
Become A Host Partner
Become A Mentor or Ally
HOW TO SUPPORT
women of color business owners?
Schedule a meeting to learn more about her business
Request a match maker meeting with her
Connect her to a real business opportunity
Make a strategic introduction to a buyer or decision maker or Tier 1 Supplier/Prime
Retain her company/ hire her or sponsor her
Pay her the same rate you pay “white-owned or male-owned” businesses
Agree to Net 30 ideally or Net 60 payment terms
Offer her a high-proximity opportunity to be in the room with the right people
Invite her to have a seat at your table at business conferences and events
Be her ally, mentor or executive sponsor
WHAT IS THE BENEFIT TO YOUR CORPORATION?
Engage and support WBEs of color under $2million/Class 1.
Enhance your supplier development program with alternative programming by and for WBEs of color/women MBEs.
Increase your presence and strengthen brand perception among women of color.
Amplify your commitment to Tier 2-3 diverse suppliers.
Increase your supplier diversity spend with/for WBEs of color.
PEER SUPPORT | INSIDER INSIGHTS | DIRECT FEEDBACK | EXPERT ADVICE | QUALITY RELATIONSHIPS
Are you in a business for yourself but tired of working for yourself?
Are you certified, but finding it challenging to get new business?
Is it frustrating for you to invest so much and get so little?
Do you need more discipline and accountability?
Would it be helpful to have a network, a mastermind, or a mentor?
IF YES…
Join the Amplify Masterminds Program today to connect, build, leverage and grow.
CONNECT
Connect with a group of positive, like-minded, advancing entrepreneurs who will hold you accountable to your goals.
LEVERAGE
Leverage your third party access to markets through ongoing engagment with the corporate supplier community.
BUILD
Increase your visibility, build quality relationships and gain high-proximity to influencers and decision-makers.
GROW
Grow yourself, your earnings potential and increase your capacity with direct feedback and communication.
WHAT DOES THE PROGRAM INCLUDE?
Participate in a weekly virtual meeting with your Amplify Mastermind
Attend the “Virtual Roundtable” and Q&A with Amplify Mentors
Receive direct and specific feedback from Amplify Mentors
Meet up annually for strategic planning at industry conferences
Share resources in support of other WBEs
Commit to show up and participate in virtual and live
Attend industry conferences for in-person support
Meet up live for strategy and brainstorming with Amplify Mentors
Gain access to high-proximity opportunities and strategic introductions
Professional development includes: Kolbe A Assessment
Program content includes: Core curriculum and best practices learning
Access to mentors from fortune 100 corporations
For more information, contact us at
973-755-6700
