By Taalib Saber, attorney and owner of The Saber Firm As Black History Month reminds us of our legacy of resilience and economic power, recent federal rollbacks of Diversity, Equity, and Inclusion (DEI) programs have sent shockwaves through corporate America. While these policy changes may feel like a setback, they present a unique opportunity for Black entrepreneurs to double down on self-sufficiency and community-driven business growth. A Wake-Up Call for Black Business Owners DEI initiatives have helped Black professionals access corporate contracts and funding opportunities, but many provided symbolic representation without tangible economic transformation. With these policies being dismantled, it's time for Black business owners to rely less on institutional diversity programs and more on collaborative, community-driven economic strategies. This isn't a time for despair. It's a time to reimagine economic power. When systems exclude us, we innovate. When doors close, we build new ones. From the Freedmen's Bureau to Black Wall Street, our ancestors created success despite systemic opposition. Turning Setbacks into Power Plays Rather than seeing DEI rollbacks as obstacles, Black entrepreneurs should view them as catalysts for collective wealth-building. Today's success stories prove this approach works. Rihanna's Fenty Beauty revolutionized the cosmetics industry by creating products for all skin tones when mainstream brands wouldn't. By focusing first on underserved Black and brown consumers, Fenty Beauty generated $100 million in sales in its first 40 days and has grown into a billion-dollar enterprise that forced the entire beauty industry to become more inclusive. Calendly, founded by Nigerian-American Tope Awotona, became a billion-dollar scheduling platform by solving a universal problem. Despite initial struggles to secure venture funding, Awotona bootstrapped his company until its value was undeniable, ultimately raising $350 million and reaching a $3 billion valuation. The Fifteen Percent Pledge, founded by Aurora James, demonstrates the power of intentional economic redirection. By persuading major retailers like Sephora and Macy's to dedicate 15% of shelf space to Black-owned brands, the initiative has shifted over $10 billion to Black businesses since 2020. How Black Businesses Can Thrive Leverage Group Economics: Focus on Business-to-Business […]
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