Meet Dr. Felicia Phillips who built MogulCon and the One Million Dreams Foundation for black women and girls

It has been said that “If you create the products, add hard work, never give up and build things that serve people, people will come!

This is why everything that Dr. Felicia Phillips key turns 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 of the Small Business Administration and has partnered with Fortune 50 companies to help women-owned businesses with contract opportunities, certifications and access to capital.

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

Photos courtesy of Dr. Phillips

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

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

A fourth-generation serial entrepreneur, Phillips is Master Business Strategist and CEO of PPICW Inc. PPICW is a two-time 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 experienced companies 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 other organizations that have DEI or supplier diversity initiatives that help veteran, minority, and women-owned businesses. She really is the definition of being a total package. Never one to shy away from achieving success and helping others reach their full potential.

BLACK CORPORATE had a chance to sit down and chat with this tycoon.

BE: You do phenomenal work for black-owned businesses, especially women-owned businesses. Why did you create MogulCon?

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

MogulCon is ground zero for many of these black-owned businesses. We provide everything from understanding the fundamentals of starting a business, to building a strong supply chain, competing for federal and corporate contracts, to building capacity mindset of being a CEO. We provide a safe place where entrepreneurs can 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 eligible federal agency contract dollars typically go to disadvantaged small businesses (SDBs), a category under federal law in which black homeowners, Latino and other minority-owned businesses are presumed to be eligible, and while women own about 20% of all small businesses in the economy as a whole, less than 5% of federal contract dollars go to women-owned small businesses.

He went on to say, “Increasing federal spending on underserved businesses not only helps more Americans achieve their entrepreneurial dreams, but also reduces persistent wealth disparities. 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 account for 20% of the wealth gap between average white and black households.

President Biden has announced a bold new goal: to increase the share of contracts going to disadvantaged small businesses by 50% by 2025 – an unprecedented goal that is expected to translate into an additional $100 billion for SDBs over five years. The announcement was based on President’s Day 1 Executive Order 13985, which directed agencies to work to make contracting opportunities more readily available to all eligible businesses and to remove barriers faced by individuals and underserved communities.

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

BE: How do you plan to finish 2022 strong?

I plan to end 2022 by announcing our Mogul Summit 5 Cities Tour. A one-day event designed to address the challenges faced by Black women-owned businesses in growing and scaling their businesses.

BE: Tell us about your association and why you created it.

In 2020, I looked at all the work I had done with small and diverse business owners, workshops and webinars at MogulCon, and realized that I could serve them better if I established a 501 (c)3. With the help of some government and corporate partners as well as some of the small businesses we serve, I was able to successfully launch the One Million Dreams For Black Women and Girls Inc Foundation. No business owner should have to facing uncertainty due to a lack of resources at their disposal. We aim to remove this uncertainty for Black-owned businesses. The Foundation works with Black women who have an existing business and gives them the access they need to grow and maintain a business that leaves a legacy they can be proud of as business owners.

BE: What can people expect from MogulCon in 2023?

In 2023, I will release my book, Entrepreneur’s Guide to Operating in a Virtual World. I’m really excited to share how we as business owners can get a head start.

In this book, you’ll learn the different ways to prepare and position your small business for the endless possibilities of operating in a virtual world. Whether you are a product or service company or even a subject matter expert, this book will educate you on the history, opportunities and how to increase customer retention by communicating 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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