Impact Report

Boomin University stands at the forefront of a transformative mission – empowering microbusinesses, the silent majority, which makes up nearly 90% of the nation’s businesses. Our goal is simple yet profound: to provide minority business owners with the technical assistance, resources, and mentorship they need to flourish in today's dynamic economic landscape.

Download The Report

The Imperative of Technical Assistance 
for Minority Business Owners:

  • Microbusinesses – The Silent Giants: Microbusinesses, representing nearly 90% of the nation’s businesses, might seem inconspicuous due to their size, but their influence is far-reaching. Their presence in the economy is burgeoning, acting as the backbone to financial inclusivity, job and wealth generation, and the creation of communities rooted in equity and fairness.
  • The Wealth Gap and the Power of Ownership: Beyond mere statistics, the value of business ownership translates into real-world impacts. Business proprietors, by and large, have a significantly broader wealth base compared to their salaried counterparts. This disparity underscores the need to proliferate business ownership as a lever to bridge the wealth gap.
  • The Magic of Right Support: As the adage goes, “Give a person a fish, and you feed them for a day; teach a person to fish, and you feed them for a lifetime.” Microbusinesses, when equipped with the optimal blend of capital and mentorship, are poised for remarkable growth. Especially in low-wealth sectors, the potential surge in employment could exceed 10%.

Reflecting on Our Expanding Influence and Impact

Over the past three years, our reach and impact have grown exponentially. Boomin University graduates have been our best brand ambassadors, with a staggering 93% endorsing our programs. 

Our delivery metrics in one-on-one coaching, group learning, and social media strategy crafting have been impressive, showcasing our hands-on approach to empowering businesses. 

Our partnerships with esteemed organizations further validate our vision and commitment. Furthermore, we’ve championed the digital age’s inclusivity, ensuring every entrepreneur, irrespective of their digital access, can benefit from our programs.

2024 and Beyond:
Inspired by Insights, Driven by Purpose

The dawn of 2024 stretches before us, not merely as a continuation of time, but as a vibrant canvas waiting to be painted with opportunities and milestones. Our vision for this year is carved from insights and data – a significant part of which came from our inaugural Black Business Report released in 2023. This comprehensive report, a testament to our commitment to understanding and serving the Black business community, shines a light on the pressing needs, latent opportunities, and the overarching ecosystem of Black businesses. We urge you to download and explore this report, for it not only underscores the reasons that fuel our passion but also provides pivotal insights that have directly influenced our strategies for 2024.

👉 Click here to download the report

Our Horizon: Charting the Future, Building Bridges

As we peer into the dawning horizon of 2024, we don’t just see another calendar year unfolding. Instead, we envision a vast landscape filled with boundless possibilities, dreams waiting to be realized, and countless success stories yet to be written. Every step we’ve taken, every milestone we’ve celebrated, and every challenge we’ve overcome has been a brick in the strong foundation upon which we now stand. But building foundations isn’t where we stop; it’s where we begin to truly soar. Black Business Boom and Boomin University are more than just names; they represent hope, empowerment, and the relentless pursuit of entrepreneurial excellence. We stand ready, arms wide open, eager to embrace the innovations, trends, and dynamics of the coming years, all while retaining our core essence – the unwavering commitment to fostering growth and prosperity for microbusinesses across the nation. But the journey ahead, as promising as it may be, is not one we wish to traverse alone. We believe in the power of community, collaboration, and collective effort. It’s the symphony of various notes that creates the most melodious music.