August 9th 2023.
This National Black Business Month is a great opportunity to celebrate and support small business owners of color. SCORE, an accelerator for small businesses, is doing their part to help Black executives mentor young entrepreneurs to help them reach their goals.
SCORE's mission is to foster vibrant small business communities through mentoring and education with a focus on creating lasting change and sustainability. By matching small business owners with thriving executives in their industries, SCORE has seen success in helping small business owners of all backgrounds.
The company is hoping to promote a more equitable entrepreneurial ecosystem by diversifying their roster of mentors, to better meet the needs of Black small business owners. SCORE mentor Marvy Moore encourages small business owners to take advantage of the resources SCORE has to offer.
"Just look at the number of businesses started by people of color, and especially women of color. There is a movement that your talent can be poured back into," said Marvy. "Whatever you bring to the table, added with the resources from SCORE, you can be a tremendous resource to small businesses."
As many Black entrepreneurs enter the world of business through self-funding and trial and error success, achieving true economic growth and longevity remains a hurdle. Mentorship can be hard to come by, but many triumphant business owners attribute their achievements to valuable knowledge shared with them along the way.
Olu Abney, who co-owns My College Tours and worked with SCORE to find a mentor to help scale his business, found a new way of viewing his consumers after being successfully paired with a Black executive.
“We don’t look to just have clients, we look to build long-lasting relationships,” he said. “SCORE was essential in helping us realize this.”
SCORE is committed to ensuring the success of Black-owned small businesses, and their efforts this Black Business Month are a testament to that. With the help of SCORE’s resources and mentors, Black business owners are able to take their enterprises to the next level.
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