We’re on a mission to equip, educate, and empower black women business owners through connections to capital, coaching and capacity building resources.
The whole About My Sister’s Business network is working together to lift up our sisters.
Our Impact Since 2020
We’re proud of what we’ve been able to accomplish since our founding in 2020. In the past year, we’ve achieved the following results:
12
Small Business Owners Supported
12
Sister FoundHers in the Spotlight
4
Sister FoundHer Showcase Events
60
Sister Supporters in About My Sister’s Business Network
1
Sister Connected to Mentoring and Funding Through the Goldman Sachs 10K Small Business Program
6
Scholarships Awarded
A word from a Sister FoundHer Showcase attendee
An attendee at one of our Sister FoundHer Showcase events had the following to say about their evening celebrating black women in business:
“Congratulations, I hope you are still basking in the glow of your successful event! From the invitation, food box delivery, guest entrepreneurs to the way the two of you tag-teamed. It’s obvious that the two of you have the same vision. It’s also obvious that your styles are different yet so complementary.”
Terrie Hudson, FoundHer Showcase Event Attendee
Black Women in Business by the Numbers
According to Guidant Financial’s 2023 Women in Business Trends report, compared to previous years, businesses owned by women of color are on a steady incline.
- The 2020 US Census states that women-owned businesses had about $1.9 trillion in receipts, 10.9 million employees and $432.1 billion in annual payroll.
- According to Forbes, the business industry is becoming more and more diverse. In 2020, African American women represented 42 percent of all new women-owned businesses.
- Guidant Financial’s 2023 Women in Business Trends report shows that when compared to last years data, these numbers have doubled. With female African American business owners in particular increasing by 33 percent from 2022 to 2023.
While there has been this growth in women-owned businesses, there continues to be a gender disparity gap between small business owners. When looking at the data, women only make up 25 percent of all small business owners compared to their male counterparts that make up 75 percent. As we dig deeper into this data, though there has been a significant increase in female African American business owners, they unfortunately only make up 11.3 percent of all female business owners. The gap between female and male business owners as well as African American women-owned businesses and that of all women-owned businesses is the greatest of any minority.
Through our work at About My Sister’s Business, we’re helping black women business owners build capacity so that they can become sustainable, grow and compete in their space. Let’s work together to close that revenue gap!