State of Black Women-Owned Businesses Report®
Bringing context and advocacy to the plight of Black women entrepreneurs.
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The State of Black Women-Owned Businesses Report®️ unpacks the key demographics and psychographics of Black women entrepreneurs in the United States. Just as our research fuels thought leadership + product innovation internally, we publish statistical insights annually to bolster important disruption across markets. Our 2023 findings focus on Black women's experiences, motivations, support systems, and business models.
Blaze Group nurtures an engaged audience of +100,000 Black women entrepreneurs, and we've directly educated more than 7,500 Black women entrepreneurs through courses, international immersion programs, globally-awarded summits, and our mobile app. Our advisory has helped to close gender wealth gaps for hundreds of women across the United States, Kenya, Nigeria, and Uganda. Blaze Group Founder Casey Ariel serves on the Advisory Boards of Kiva US and Micro Village Fund and facilitates corporate training on Equitable Finance.
We invite you to download the 2023 State of Black Women-Owned Businesses Report®️ and leverage it for your own innovation, policy-making, and institutional frameworks.
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Deep Dive Reports
It is important to have contextualized data when making business decisions that are aimed at advancing disenfranchised communities. As a trusted knowledge partner to Black women entrepreneurs, social enterprises, and communities, we’re on a mission to help you better understand the market from an empowered lens that leads to sustainable progress.
Black Mompreneurs Matter
Insights by Blaze Group- LinkedIn Newsletter
34% of Black mompreneurs state that, on a scale from 1-5, their anxiety levels are at an all-time high of Level 5. There is urgency in supporting the mental health of Black mompreneurs, as it has ripple effects on their personal lives, professional outcomes, and future generations.
The Power of Insurance
Insights by Blaze Group - LinkedIn Newsletter
In today's rapidly evolving business landscape, having company insurance is more than just an additional expense. It is a strategic investment that safeguards entrepreneurs, their businesses, and their future growth. According to our 2023 State of Black Women-Owned Businesses Report®, only 25% of Black women-owned businesses are insured.
Sidepreneurship vs. Entrepreneurship
Insights by Blaze Group - LinkedIn Newsletter
At an aggregate level, 55% of all Black women entrepreneurs are full-time entrepreneurs and the remaining 45% are sidepreneurs. A sidepreneur works a regular job as an employee, but also hustles night shifts or on the weekends to realize her dream of business ownership. This approach to entrepreneurship reduces the financial risk of the venture. However, it is no easy feat and makes it hard for one to fully focus on their full-time job and/or side venture.
