Skip to main content

Growing Black Women Owned Businesses

A transformative network of Black Women Business Owners facilitating the growth of our businesses through community, collabs, & confidence!

$4,625
pledged of$100,000 goal
15
12Days Left
Fund it
Campaign Ends on October 1, 2020

Project Description

Black women are the cornerstone of our families, communities, and cities. Collectively, we have the answers and what we need to thrive. Since forever, we’ve been resourceful, resilient, and creative problem solvers and builders. Black Women business owners have the knowledge, skill and opportunity to shift the paradigm for our families and black people around the world. Our businesses are our vehicles. 

While growing in number and more visible than ever, we have yet to harness our collective power to grow in wealth and influence! Black Women-Owned Businesses - 

  • Average annual revenue is nearly 5 times lower than those of all other  women owned businesses

  • Average revenues have dropped 20% since 2007

  • Are mostly solo endeavors with 97% having no employees

Now’s the time for us to change the facts and rewrite the narrative.

The Women Entrepreneur Leadership Lab (The WELL) is a transformative network of black women business owners that facilitates the growth of black-women-owned businesses by fostering community, collaboration, confidence and capital.

We seek to close the success gaps in black women-owned business by offering a proven continuous improvement approach and safe space for black women business owners to collectively explore and address our unique business challenges while establishing and sharing our own best practices.

 

The WELL is one part sister circle, one part mastermind, and one part research initiative – all parts love.

We will continue close the success gaps in Black Women-Owned Business by offering a proven continuous improvement approach and a safe space for Black Women Business Owners to collectively explore and address our unique business challenges while establishing, sharing, and scaling our best practices. Join us in the advancement of Black Women and our businesses. 

 

With 40+ Black women business owners within 3 Chapters located in Baltimore, Washington DC, and Chicago we providing a safe space made by us for us with membership benefits that support community, collaboration, confidence, and capital! 

Here’s what’s included in your new virtual membership:

  • Full Access to our Member-Only Platform & Members
  • Our Signature Problem Of Practice Programming with Monthly Meetups*
  • Extensive News & Opportunities Resource Center
  • Accountability Partners & Monthly Syncs*
  • Member-Only & Member Lead Events & Workshops*
  • WELL Webinars, Courses, & Templates
  • Membership Incentives, Perks, and, Discounts

* Both Virtually and In-Person 

 

With your support, we can continue to achieve our mission while advancing economic justice, supporting Black women-owned businesses, and meeting the needs of Black women right now as we build our collective futures.

With the funds we raise through this campaign, we will:

  • Launch new chapters across the country to support Black women virtually during this time
  • Provide expert speakers, insights, tools, and resources that serve our members during their of owning a business as a Black woman
  • Provide our members with access to capital through specific grants provided by The WELL
  • Budget For Liberation by circulating our Black dollar with specific budgeting measures for Black women in business

 

 

Nakeia L. Drummond is results-driven leader, entrepreneur, and educator with 14+ years of project management, strategic planning and change management experience. She views her career as a tapestry of experiences that have unlocked her purpose. In 2015, Nakeia founded NLD Strategic, a management consulting firm that supports strategy development, implementation, and measurement in social impact organizations and businesses.  

About one year into business ownership, Nakeia knew that other black women entrepreneurs likely shared similar experiences and challenges but she couldn't quite find the business community that offered the support she sought. Simultaneously, she took interest in the disparities in data for black women owned businesses and the solutions that were too rarely informed by black women. Applying the philosophy and her belief that "the answer is in the room," Nakeia set out to create The WELL, a network focused on building collaboration and business growth for black woman-owned businesses by black women business owners.

Nakeia is a 2017 graduate of the Goldman Sachs 10,000 Small Businesses program where she developed the plan for The WELL, a 2017 The Daily Record "Leading Women" recipient, and a 2018 Warnock Social Innovation Fellow. Nakeia is the proud mother of a son, Asher; “bonus mom” to daughter Kaycie, and wife of her best friend since 5th grade, Jacen.

Learn more about our work at thewellnetwork.us 

 

Updates

The Campaign FAQs

Frequently Asked Questions:

 

 

Women Leading Baltimore
09/20/2020
Budgeting For Liberation
$30
Anesha Palmer
09/18/2020
One-Month Dues for a Member
$125
09/18/2020
One-Month Dues for a Member
$125
Angella Aizire
09/10/2020
Budgeting For Liberation
$30
09/10/2020
One-Month Dues for a Member
$125
Kimberly Ford
09/09/2020
Budgeting For Liberation
$30
JACEN K DRUMMOND
09/05/2020
Food: Member-Meet-Ups or Lunch & Learns
$300
AL$
09/04/2020
WELL Annual Membership
$1,500
Chavez
08/31/2020
Budgeting For Liberation
$30
Nykidra
08/30/2020
Monetary Contribution
$50
Monetary Contribution

Supporting the growth of Black Women owned businesses

2 Supporters
Select this reward
30.00 USD
Budgeting For Liberation

There are 2.6 million black women owned businesses. If we all allocate/budget $1 a day to a 'black liberation' fund, that's $949M collectively in 1 year! There's power in numbers!

 

95 Left
5 Supporters
Select this reward
125.00 USD
One-Month Dues for a Member

Fund a WELL Woman for the month!

35 Left
5 Supporters
Select this reward
1,500.00 USD
WELL Annual Membership

Sponsor another Black Woman Business Owner an annual membership within our transformative network! 

38 Left
2 Supporters
Select this reward
2,500.00 USD
WELL On Your Way Business Grant

The "WELL on your way" Business Grant is offered to WELL Women who have completed a year without The WELL and meet our Grant criteria! 

These Black women business owners can apply these funds to their businesses for operations, staffing, and more.

 

20 Left
0 Supporters
Select this reward
1,000.00 USD
WELL On Your Way Startup Grant

The "WELL On Your Way" Startup Grant provides WELL Women within years 1-3 with funds to secure business needs to continue growth and longevity.

10 Left
0 Supporters
Select this reward
1,200.00 USD
Speaker Fees

Monthly we bring in speakers/experts to for insights and growth in our four WELL domain topics!

12 Left
0 Supporters
Select this reward
20,340.00 USD
Early Entrepreneur Program Mentor

Our Early Entrepreneur Growth Program Mentors facilitate a 6 month coaching program for women of The WELL. Grants cover 7 mentors ($18,000) and the cost of the 6-month program for 6 women ($2340).

 

1 Left
0 Supporters
Select this reward
23,000.00 USD
Launch A Chapter
  • Launch Event ($5,000)
  • 10 Founding Members 1-year dues ($15,000)
  • 1-quarter of meet-ups ($3,000)

 

1 Left
0 Supporters
Select this reward
500.00 USD
WELL Media Package

Help us tell our story! 

  • Storytelling
  • Videography
  •  Photography

 

12 Left
0 Supporters
Select this reward
300.00 USD
Food: Member-Meet-Ups or Lunch & Learns

Each month we meet virtually & in-person to review our 'Problem Of Practice' roadmap while fellowshipping over a meal!

23 Left
1 Supporter
Select this reward

Rewards

Monetary Contribution

Supporting the growth of Black Women owned businesses

2 Supporters
Select this reward
30.00 USD
Budgeting For Liberation

There are 2.6 million black women owned businesses. If we all allocate/budget $1 a day to a 'black liberation' fund, that's $949M collectively in 1 year! There's power in numbers!

 

95 Left
5 Supporters
Select this reward
125.00 USD
One-Month Dues for a Member

Fund a WELL Woman for the month!

35 Left
5 Supporters
Select this reward
1,500.00 USD
WELL Annual Membership

Sponsor another Black Woman Business Owner an annual membership within our transformative network! 

38 Left
2 Supporters
Select this reward
2,500.00 USD
WELL On Your Way Business Grant

The "WELL on your way" Business Grant is offered to WELL Women who have completed a year without The WELL and meet our Grant criteria! 

These Black women business owners can apply these funds to their businesses for operations, staffing, and more.

 

20 Left
0 Supporters
Select this reward
1,000.00 USD
WELL On Your Way Startup Grant

The "WELL On Your Way" Startup Grant provides WELL Women within years 1-3 with funds to secure business needs to continue growth and longevity.

10 Left
0 Supporters
Select this reward
1,200.00 USD
Speaker Fees

Monthly we bring in speakers/experts to for insights and growth in our four WELL domain topics!

12 Left
0 Supporters
Select this reward
20,340.00 USD
Early Entrepreneur Program Mentor

Our Early Entrepreneur Growth Program Mentors facilitate a 6 month coaching program for women of The WELL. Grants cover 7 mentors ($18,000) and the cost of the 6-month program for 6 women ($2340).

 

1 Left
0 Supporters
Select this reward
23,000.00 USD
Launch A Chapter
  • Launch Event ($5,000)
  • 10 Founding Members 1-year dues ($15,000)
  • 1-quarter of meet-ups ($3,000)

 

1 Left
0 Supporters
Select this reward
500.00 USD
WELL Media Package

Help us tell our story! 

  • Storytelling
  • Videography
  •  Photography

 

12 Left
0 Supporters
Select this reward
300.00 USD
Food: Member-Meet-Ups or Lunch & Learns

Each month we meet virtually & in-person to review our 'Problem Of Practice' roadmap while fellowshipping over a meal!

23 Left
1 Supporter
Select this reward