Johnny Bailey Johnny Bailey
Many people know there is a racial wealth gap, but most don't understand that the same systemic issues perpetuating a wealth gap also drive a wedge digital.
According to the US "Census Bureau , about 36% of black households do not own a computer and do not have a broadband subion. Compared to white, Hispanic and Asian households, the digital divide could not be more Long-standing inequalities hamper the rates of access and connectivity in society that affect minorities and low-income families.
Technology is ubiquitous and an integral part of our daily lives Yet many Americans are locked in tant that consumers or locked out because they do not have access to materials or training on how to produce online.
Johnny Bailey is working to resolve this issue as DC 's Grow with Google Digital Coach. The Digital Coach Program is a national initiative to provide free digital skills training and coaching to black and Latin small business owners so they can harness the power of technology and thrive online. Johnny has coached founders who made it to the Forbes 1000 list, raised millions in VC funds, and established distribution partnerships with big box retailers.
Bailey 's goal: education and access.
Johnny Bailey leads workshops, supervises the owners ofbusiness and listening intently to understand the needs and challenges of today's business owners, while building an intangible infrastructure to help nurture d.c.'s growing business community. city. "I bridge the gap between seasoned chefs and booming entrepreneurs, " he says, also working with community partners to expand the program's reach to ensure positive Main Street alignment as a whole. "
Bailey believes he made a significant impact on the DC business community and the tech ecosystem as a whole during his brief time as a DC coach. "I don't take as much time as I do. I should to celebrate victories, but if I were to run around some of my proudest moments it would start by being able to help thousands of underserved business owners through an unprecedented economic downturn, ", hisBailey opens. Helping Blacks and Browns deal with the pandemic situation, secure funding and go virtual in the COVID-19 era is what he is most proud of.
Before COVID- 19-19, Johnnie was instrumental in the development of Grow with Google's very first Black Business Summit in Washington, DC
Looking to the future, Johnny Bailey has his eyes riveted on building meaningful partnerships in the city with organizations like the National Museum of African American History and Culture, 202 Creates, the Small Business Administration, Broccoli City Festival and The Menkiti Group.
" My annual goal is to train 2,000 CEOs and founders each year while engaging at least 50 business leaders to speak up, inspire and share valuable information, "he exclaims, " J Aim to extend financial support to two DC-based conferences serving
Raising viable businesses, amplifying black voices, and orienting talented founders to the capital needed to grow is Bailey's way of working to accelerate the black economy.
When asked what role big tech companies should play in helping founders
He pointed out to an impact representative led by the Russell Center for Innovation. They interviewed a few thousand black business owners about their needs, and the response has been resounding. Most entrepreneurs identified community, mentoring and access to capital as their main needs, followed by technical training, access to technology and access to capital. a safe workspace.
"If we know that fairnessRacialism is inextricably linked with economic opportunities, the main role that big tech should play is to allocate financial resources for the advancement of black business owners, startup founders and job seekers . They should seek to provide funding, business advice and marketing support. Providing black business owners with equitable access to resources and opportunities can unlock billions of annual GDP and help close the racial wealth gap, ”Johnny said.
He thinks there is a fundamental question that technology leaders are asking: "Which side of history do we want to be on? ". The answer to this question must be followed by big tech companies who rise to the challenge of creating a more
For black-owned businesses looking for 'scale, Bailey offersthe following tips:
Technology is an incredible tool for modern business owners. The ability to reach and engage a global audience, automate processes, sell products, and leverage data for decision making is remarkable.
Look for training that can help you make informed decisions.
Walk into the right rooms with like-minded leaders looking to build - especially if your primary needs are networking , training and access to capital. Black entrepreneurs tend to make decisions at the ideation stage that limit their business. We aspire to property, self-reliance and financial freedom, so sometimes we make big moves without clarity.
Focus on operations and profitability from the early stages.
You want to give yourself a financial trail to make mistakes and learn from them as you go. So do your homework, get a proof of concept, and don't feel pressured to quit your job until your business success demands that level of attention. The honeymoon phase of "owning a business " poetically can wear off quickly when your livelihood is on the line, perpetuating a cycle of tough business practices.
When the Coach Google's digital digital camera sees itself in five years, Bailey plans to focus on his goal of closing the racial wealth gap at the intersection of technology and entrepreneurship. Bailey's nonprofit ShineHard Family aims to help 500 black Americans grow their net worth by $ 20 million by 2025. In addition to his DE&I work in the tech industry, the 35-year-old entrepreneur will also use sown business. , Bailey Media, to bridge the digital divide by providing marketing and advisory services to underfunded communities.
"I am sure the next five years will be pivotal in what I hope will be a lasting legacy " says Bailey.