Economic Mobility Episode 2 (1)

Entrepreneurs of color face significant hurdles to starting their businesses

A conversation with entrepreneurs of color on how they found the capital to build and expand their companies
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Entrepreneurship is part of the American Dream and it is booming. A record 5.4 million new businesses were started last year, as workers across the country struck out on their own, searching for a different path to a fulfilling career and economic mobility. But that road isn’t always a smooth one for some new business owners who hit roadblocks such as access to financial capital, lack of a strong social network, and other barriers to success.

In this special four-part Work in Progress podcast series – Economic Mobility Through Entrepreneurship – we’ll examine those headwinds and solutions. We’ll hear directly from entrepreneurs, and get advice from leaders in business, education, and government – to learn how starting your own business can be a fulfilling and profitable career choice and a boon to a community.  

This podcast series is made possible through the support of the Ewing Marion Kauffman Foundation.

According to research by the Ewing Marion Kauffman Foundation, in 2021 one out of ten new entrepreneurs in the U.S. were Black. Around one in 14 were Asian American. One quarter were Hispanic. And more than half were white. 

The percentage of entrepreneurs from underrepresented racial and ethnic backgrounds is growing,  but they still have significant barriers to accessing the financial capital they need to start and grow their businesses. 

In this episode, we’ll speak with business owners of color who faced those barriers and overcame them to create and build their companies. We’ll also hear from the leaders of programs that are helping fund and mentor these businesses, putting them on a path to success.

Guests in this episode:

Episode 250: Breaking Down the Barriers to Equitable Access to Financial Capital
Host & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNation
Producer: Larry Buhl
Executive Producers: Joan Lynch and Melissa Panzer
Theme Music: Composed by Lee Rosevere and licensed under CC by 4.0
Download the transcript for this podcast here.
You can check out all the other podcasts at this link: Work in Progress podcasts

Dana Beth Ardi

Executive Committee

Dana Beth Ardi, PhD, Executive Committee, is a thought leader and expert in the fields of executive search, talent management, organizational design, assessment, leadership and coaching. As an innovator in the human capital movement, Ardi creates enhanced value in companies by matching the most sought after talent with the best opportunities. Ardi coaches boards and investors on the art and science of building high caliber management teams. She provides them with the necessary skills to seek out and attract top-level management, to design the ideal organizational architectures and to deploy people against strategy. Ardi unearths the way a business works and the most effective way for people to work in them.

Ardi is an experienced business executive and senior consultant who leverages business organizational transformation through talent strategies. She uses her knowledge and experience to develop talent strategies to enhance revenue and profit contributions. She has a deep expertise in change management and organizational effectiveness and has designed and built high performance cultures. Ardi has significant experience in mergers, acquisitions, divestitures, IPO’s and turnarounds.

Ardi is an expert on the multi-generational workforce. She understands the four intersecting generations of workers coming together in contemporary companies, each with their own mindsets, leadership and communications styles, values and motivations. Ardi is sought after to assist companies manage and thrive by bringing the generations together. Her book, Fall of the Alphas: How Beta Leaders Win Through Connection, Collaboration and Influence, will be published by St. Martin’s Press. The book reflects Ardi’s deep expertise in understanding organizations and our changing society. It focuses on building a winning culture, how companies must grow and evolve, and how talent influences and shapes communities of work. This is what she has coined “Corporate Anthropology.” It is a playbook on how modern companies must meet challenges – culturally, globally, digitally, across genders and generations.

Ardi is currently the Managing Director and Founder of Corporate Anthropology Advisors, LLC, a consulting company that provides human capital advisory and innovative solutions to companies building value through people. Corporate Anthropology works with organizations, their cultures, the way they grow and develop, and the people who are responsible for forming their communities of work.

Prior to her position at Corporate Anthropology Advisors, Ardi served as a Partner/Managing Director at the private equity firms CCMP Capital and JPMorgan Partners. She was a partner at Flatiron Partners, a venture capital firm working with early state companies where she pioneered the human capital role within an investment portfolio.

Ardi holds a BS from the State University of New York at Buffalo as well as a Masters degree and PhD from Boston College. She started her career as professor at the Graduate Center at Fordham University in New York.