Practice Management Black History Month Survey reveals 5 insights Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Modified Feb 5, 2024 1 min read Black-owned small businesses are at the forefront of innovation. They’re embracing technology, trailblazing in their families and communities with entrepreneurship, and powering employment across the country—but not without barriers. QuickBooks® data from last year and this year’s Intuit® QuickBooks Black History Month Survey shows that the financial success of Black small businesses is often threatened by harmful biases, stereotypes, and racial disparities. And while Black business health is strong for many, a sizable portion is still struggling. Part of championing Black entrepreneurship means understanding their specific pain points. As an advisor, it’s important to understand their vulnerabilities and the unique challenges Black entrepreneurs face to provide more holistic support. In honor of Black History Month, Intuit QuickBooks commissioned a survey of 2,069 Black business owners with 0-100 employees* to investigate how these innovative entrepreneurs are navigating their finances and the small business landscape amid these uncertain economic times. The Intuit QuickBooks Black History Month survey uncovered five insights about Black small business ownership that accounting professionals can use to better advise their small business clients. Black business owners are dipping into personal funds Despite the pressure of inflation, Black businesses still aren’t charging their worth Credit card spending is up — but not for business growth Financial literacy powers financial security for Black-owned businesses Black-owned businesses leverage the power of AI Read the entire article on Firm of the Future. Previous Post Teen finance 101 for your clients’ children Next Post Creating capacity with automation Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Practice Management Fireside Chat in honor of Black History Month Advisory Services Building a 7-figure+ firm in less than 5 years Intuit® Accountants News Intuit QuickBooks report: U.S. small businesses on road… Practice Management Tech lag named top risk in QuickBooks® survey Practice Management Celebrating and honoring Black History Month Practice Management The results of the new Intuit Rate Survey are in! Practice Management Early-Bird Discount: QuickBooks Connect Client Relationships A Deep Dive into Small Businesses and Taxes Tax Law and News New Study: How the Tax Cuts and Jobs Act Has Affected S… Practice Management Intuit® rate survey: Average rates by region, state, c…