Meet Dr. Felicia Phillips Who Built MogulCon and the One Million Dreams Foundation for Black Women and Girls

It is said that “If you make products, add effort, never give up, and build things that serve the people, the people will come!”

This is why all that Dr. Felicia Phillips the touches turn 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 with the Small Business Administration and has partnered with Fortune 50 companies to help women-owned businesses with contract opportunities, certification, and access to capital.

For the past seven years, Phillips has hosted MogulCon, a platform for Black women-owned businesses to gain education and access to the resources needed to build a profitable business and position themselves in global market.

Photos Courtesy of Dr.  Phillips

Photos Courtesy of Dr. Phillips

He received the Presidential Lifetime Achievement Award from the President Joe Biden and the Atlanta Business League’s 2022 Outstanding Achievement (Woman of the Year).

Other recognitions include the 2022 Business Leader of the Year, 2021 National Association of Black Female Executives in Music & Entertainment Lady Mogul Award, 2021 National Women’s Empowerment Ministry Award and other industry-based awards for her work in supplier diversity initiative.

A fourth-generation serial entrepreneur, Phillips is a Master Business Strategist and CEO of PPICW Inc. PPICW is a two-time award-winning, certified MBE consulting firm specializing in strategic planning, supplier development, DE&I training, and executive coaching. Phillip’s expertise has been used to coach, mentor, and advise businesses from the start-up stage to include more seasoned businesses with revenues in excess of $100M.

Today, Phillips uses his 32 years of experience to advise 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 more organization with DEI. or supplier diversity initiatives that help veteran, minority, and women-owned businesses. He really is the definition of being the total package. Never one to shy away from success and helping others reach their full potential.

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BLACK ENTERPRISE was lucky enough to sit down and chat with this mogul.

BE: You do some amazing work for Black-owned businesses, especially women-owned businesses. Why did you do MogulCon?

I created MogulCon in 2015 because I recognized an opportunity to build a platform that would focus on Black women-owned businesses. The truth of the matter is that the majority of Black women go into business out of lack rather than opportunity. We feel undervalued in the workplace, not getting the promotions or pay we deserve. So, we turn to entrepreneurship as a means to make ends meet or an escape from corporate America. The challenge we face is that we have an amazing skill set, but there is a big difference between having a skillset and running a business. Then you add a lack of capital, and one quickly realizes the “elephant in the room,” which is all the things they don’t know about being a business owner.

MogulCon is ground zero for many of these Black-owned businesses. We provide everything from understanding the basic elements of setting up a business to establishing a solid supply chain, competing for federal and corporate contracts, to establishing the mental capacity of being a CEO. We provide a safe place for entrepreneurs to be open and honest about the help they need and then get it.

BE: Why is it so important to you that Black women know the importance of doing business with the federal government?

According to a fact sheet released by The White House, “less than 10% of total federal agency eligible contracting dollars typically go to small disadvantaged businesses (SDB), a category under of federal law where Black-owned, Latino-owned, and other minority-owned businesses are presumed to qualify. Moreover, while women own approximately 20% of all small businesses economy-wide, less than 5% of federal contracting dollars go to small businesses owned by women.

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It went on to say, “Increasing federal spending on underserved businesses not only helps more Americans realize their business dreams but also narrows persistent wealth inequality. According to a new analysis from the White House Council of Economic Advisers, based on data provided by the Small Business Administration (SBA), differences in business ownership make up 20% of the wealth gap between average whites and Blacks that household.

President Biden announced a bold new goal: increase the share of contracts going to poor small businesses by 50% by 2025 – an unprecedented target expected to translate into an additional $100 billion in SDBs over Five years. The announcement built on the President’s Day One Executive Order 13985, which directed agencies to work to make contracting opportunities more readily available to all eligible companies and remove barriers faced by underserved individuals and communities.

This information is why it is important to me to continue to provide a platform where Black businesses can learn and connect with individuals who can help them with certifications, programs, and government contracts. Earlier this year, the One Million Dreams Foundation For Black Women and Girls Inc. has entered into a Strategic Alliance Memorandum with the Small Business Administration for Tennessee and Georgia. Our goal is to expand our mission to help one million Black women-owned businesses with tools for building capacity and to ensure they have profitable businesses in the global marketplace.

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BE: How do you plan to finish 2022 strong?

I plan to end 2022 by announcing our 5-City tour of The Mogul Summit. A one-day event designed to address the challenges Black women-owned businesses face in growing and scaling their businesses.

BE: Tell us about your nonprofit and why you did 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 I could serve them better if I established a 501(c)3. With the help of several 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 Inc. No business owner should have to deal with uncertainty due to a lack of resources at their disposal. We aim to eliminate that uncertainty for Black-owned businesses. The Foundation works with Black women who have existing businesses and gives them the access they need to grow and sustain a business that leaves a legacy they can be proud of as business owners.

BE: What can people expect from you about MogulCon in 2023?

In 2023, I will release my book, An Entrepreneur’s Guide To Operating In A Virtual World. I’m really excited to share how we, as business owners, can stay ahead of the curve.

In this book, you’ll learn a variety of ways to prepare and position your small business for the endless possibilities of operating in a virtual world. Whether you’re a product or service based business or even a subject matter expert, this book will educate you on the history, opportunities, and how to increase customer retention by engaging and connecting with users virtually. .

Stay in touch with Dr. Felicia Phillips:

On all platforms: @iamdrphillips, @mogulcon

Website: www.feliciaphillips.com, www.mogulconlive.com

Photos Courtesy of Dr.  Phillips

Photos Courtesy of Dr. Phillips

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