It has been said that “If you create products, add hard work, Never Give up and make things that serve people, people will come!”
That’s why everything Dr. Felicia Phillips Touch turns to gold
For example, in 2020, Phillips founded the One Million Dreams Foundation for Black Women and Girls.
The 501(c)(3) Foundation is a strategic alliance partner for the Small Business Administration and has partnered with Fortune 50 companies to help women-owned businesses with contract opportunities, certifications and access to capital.
For the past seven years, Philips has hosted MogulCon, a platform for Black women-owned businesses to receive training and access the resources needed to build a profitable business and position themselves in the global marketplace.
He received the Presidential Lifetime Achievement Award from President Joe Biden and 2022 Atlanta Business League Outstanding Achievement (Woman of the Year).
Other honors include the 2022 Business Leader of the Year, the 2021 Lady Mogul Award from the National Association of Black Women Executives in Music and Entertainment, the 2021 Women’s Empowerment Ministry Awards and other industry-based awards for her work with diverse supplier initiatives.
Phillips is a fourth-generation serial entrepreneur, a senior business strategist and CEO of PPICW. Philip’s expertise has been used to coach, mentor and advise businesses from the start-up stage to include more experienced businesses with revenues in excess of $100 million.
Today, Phillips uses his 32 years of experience to consult with organizations such as AARP, Southern Co., Grady Health System, Wells Fargo, Delta Air Lines, The McDonald’s Corp., Pathward, The Museum of Contemporary Arts, and many other organizations that have DEI are used. or supplier diversity initiatives that help veteran, minority, and women-owned businesses. He is truly the definition of a complete package. Never shy away from success and helping others reach their full potential.
BLACK ENTERPRISE He was lucky to sit and chat with this giant.
to be: You are doing amazing things for black-owned businesses, especially women-owned businesses. Why did you create MogulCon?
I created MogulCon in 2015 because I recognized an opportunity to create a platform that focused on Black women-owned businesses. The truth of the matter is that the majority of black women go into business out of scarcity rather than opportunity. We feel worthless at work, not given the promotion or salary we deserve. So, we turn to entrepreneurship as a way to make a living or escape from corporate America. The challenge we face is that we have amazing skill sets, but there is a big difference between having a skill set and running a business. Then you add in a lack of capital, and one quickly realizes the “elephant in the room,” which is everything they didn’t know about being a business owner.
MogulCon is ground zero for many of these black-owned businesses. We offer everything from understanding the fundamentals of starting a business to building a strong supply chain, competing for federal and corporate contracts, to building the mental capacity to be a CEO. We provide a safe place for entrepreneurs to be open and honest about the help they need and then get it.
to be: Why is it so important to you that black women understand the importance of doing business with the federal government?
According to a fact sheet published by the White House, “Less than 10 percent of total federal agency eligible contract dollars typically go to small disadvantaged businesses (SDB), a classification under federal law for which blacks, Latinos, descendants and belong to them. Other minority-owned businesses are assumed to qualify. Furthermore, while women own nearly 20% of all small businesses in the economy as a whole, less than 5% of federal contracting dollars go to women-owned small businesses.
It continued: “Increasing federal spending on disadvantaged businesses will not only help more Americans realize their entrepreneurial dreams, but also reduce persistent wealth disparities. According to a new analysis from the White House Council of Economic Advisers, based on data provided by the Small Business Administration (SBA), the disparity in business ownership accounts for 20 percent of the wealth gap between the average black and white household.
President Biden announced a bold new goal: to increase the share of contracts for disadvantaged small businesses by 50 percent by 2025—an unprecedented goal that is projected to translate into an additional $100 billion for SDBs over five years. This announcement was made pursuant to the President’s Executive Order 13985, which directed agencies to make contracting opportunities readily available to all eligible companies and to remove barriers faced by disadvantaged individuals and communities. do
This information is why it is important to me to continue to provide a platform where black businesses can learn and connect with people who can help them with certifications, programs and government contracts. Earlier this year, the One Million Dreams Foundation for Black Women and Girls signed a strategic alliance MOU with the Small Business Administration for Tennessee and Georgia. Our goal is to continue our mission to help one million black women-owned businesses with the tools to build capacity and ensure they have profitable businesses in the global marketplace.
BE: How do you want to finish 2022 strong?
I plan to close out 2022 by announcing my 5 city tour at the Mughal Summit. A one-day event designed to address the challenges Black women-owned businesses face in growing and expanding their businesses.
to be: Tell us about your nonprofit and why you created it.
In 2020, I reviewed all the work I had done with small and diverse business owners, from workshops and webinars to MogulCon, and realized that I could better serve them if I created a 501(c)3. With the help of some government and corporate partners, as well as some of the small businesses we serve, I was able to successfully launch the One Million Dreams Foundation for Black Women and Girls. Lack of resources at their disposal Our goal is to eliminate this uncertainty for black-owned businesses. The foundation works with Black women who own an existing business, equipping them with the access they need to grow and sustain a business that leaves a legacy they can build on as business owners. be proud
BE: What can people expect from you at MogulCon in 2023?
In 2023, I will publish my book, Entrepreneurial guide for activities in the virtual world. I’m really excited to share how we as business owners can stay ahead of the curve.
In this book, you will learn different methods of preparing and positioning your small business for the infinite possibilities of activity in the virtual world. Whether you’re a product or service-based business or even a subject matter expert, this book will teach you about the history, opportunities, and how to increase customer retention through virtual communication and engagement with users.
Connect with Dr. Felicia Phillips:
On all platforms: @iamdrphilips, @mogulcon
Website: www.feliciaphillips.com, www.mogulconlive.com
