30/11/2020
That picture. Back in June, we put up the photo of George Floyd with his momma, and every time we see it, it tugs at our heartstrings. ⠀
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As mothers, we haven't stopped thinking of it ever since. We always try to find those moments of light to guide us through tough times. Many of our conversations since that tragedy have stemmed around how we, as South Asian Womxn, can lift our black sisters and brothers. ⠀
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In the 2020 Guidant Financial report, it showed that cash is the most popular small business financing method among Black business owners, with 44% of survey respondents indicating that they use cash to fully or partially finance their business. Raising funds through family and friends and opening a line of credit are the second and third most popular methods, respectively. These facts instantly remind us of our own immigrant parents. ⠀
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But the report says that due to the wealth gap, there is less access to capital and cash flow for Black people, contributing to a 9% point difference in profitability between African American small businesses (69%) and the average small business (78%).⠀
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Today, on Cyber Monday, we could have shared a list of the best deals we know about but we wanted to stay true to the support we feel in our hearts. Those feelings triggered by the senseless loss we all felt six months ago. ⠀
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Instead, we decided to share a list of Black-owned businesses you can support today. As you scroll for stocking stuffers + deals, take a look at this list of companies that we are truly inspired by. Please give this post (insert heart), share it, and definitely drop in any other Black businesses that you love in the comments. Let’s make this part of our lives...to elevate one another, always. Happy Monday, everybody.⠀
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