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Beatrice Dixon does not want to police how shoppers spend their dollars, but she acknowledges the risks of neglecting business owners on shelves. Dixon is the co-founder, CEO, and chief innovation officer of The Honey Pot Company, which is a plant-based feminine-care company that sells washes, wipes, and pads. As AFROTECH™ previously told you, she experienced chronic vaginal issues, which prompted her to create a vulva-safe formula that she grew into a business in 2014 with the support of a $21,000 loan. The company scaled to more than 33,000 stores across the nation, including retailers like Target, Walmart, CVS, and Walgreens. In January 2024, the company was acquired by Compass Diversified in a deal valued at $380 million. Dixon maintains a significant minority stake in the business. Part of The Honey Pot Company’s success can be attributed to its strong presence in retail stores. However, there is a shift among consumers to be more strategic about where they spend their dollars...
Chris Paul has shared an exciting update about one of his investments. According to its LinkedIn page, the former NBA star is an investor in PlayersTV, the first athlete-owned media network and content provider. As previously reported by AFROTECH™ , the network was launched in 2020 by Deron Guidrey and Collin Castellaw. PlayersTV offers athletes the opportunity to hold a stake in the company, with many also owning production companies. Notable athlete investors include Travis Kelce, Dwyane Wade, and Damian Lillard. “Dwyane Wade, Chris Paul, and Damian Lillard are just a few of the 50+ athletes on PlayersTV’s roster. All of our athletes each have their own production companies and unique content they want to share with their fans,” Guidrey previously told AFROTECH™. “PlayersTV unlocks this opportunity and enables them to share their content in an authentic and meaningful way . By partnering with PlayersTV, these athletes are able to connect with their fans on a larger scale through...
Taking into consideration its network of entrepreneurs, T.D. Jakes Enterprises has launched an accessible marketplace. In 2023, the social impact holding company set out to support underrepresented entrepreneurs by addressing a critical gap. Despite the efforts of stakeholders driving meaningful change, there were no centralized systems or platforms to provide comprehensive resources. This need inspired the launch of the Good Soil Movement in April 2023. “What we didn’t find was one centralized space where entrepreneurs can not only network but actually get access to capital, access to back office support, legal help, accounting support, business plan development, understanding where they fall on the capital continuum… So out of that, we created Good Soil,” Michael Phillips, chief operations officer of T.D. Jakes Enterprises, told AFROTECH™. Nourysh Good Soil has set an ambitious goal: to empower 1 million small business owners to generate $1 million in revenue each. To advance this...
Seasoned tech executive Omar Johnson is leveraging his experience to revolutionize how brands market themselves. Raised in Brooklyn, NY, Johnson’s exposure to technology was initially limited to video games and consumer electronics. However, his inquisitiveness grew and ultimately helped him secure roles with major tech giants. “A lot of my curiosity was sort of like self-driven,” he told AFROTECH™ in an interview. Tech Journey Johnson’s interests also lay in marketing, leading him to earn an MBA from Emory University in 2004. Following a brief stint at Campbell Soup Company as an associate brand manager, he transitioned to roles with brands such as Coca-Cola and Nike. At the latter, he began as an assistant brand manager before being promoted to content manager of advising and innovation, which remained his focus. “Find the most important things that the company is betting on for the future and work on those things,” Johnson explained. “I always had that sort of lean when I was at...
According to BizBuySell’s Confidence Index , a tool created to examine how roughly 3,000 members of the business-owner and -buyer community feel about the current sales market, confidence is up for both groups for the first time since they began measuring in 2013. Seller confidence is up four points, and buyer confidence is up two, from 46 to 50 and 52 to 54 respectively. With those sentiments on the rise, some might feel that it’s the right time to sell their business, hopefully turning a profit. Therein arrives the big question: how do you price a business for sale? Pricing a business for sale is one of the most critical steps in the selling process. Whether you’re a business owner looking to retire or an entrepreneur wanting to cash out, determining the right price is essential for attracting potential buyers while ensuring that you get a fair value for all your hard work. It’s important to approach the task with careful analysis and a clear understanding of both the market and...
Beatrice Dixon has a piece of advice following the $380 million acquisition of The Honey Pot Company — It’s OK to take risks and try something new. Dixon captured the audience’s full attention during the Founder’s Summit session “Knowing When to Seize the Moment for Company Growth” at the AFROTECH™ 2024 Conference on Thursday, Nov. 14, where she shared valuable business insights. “That doesn’t mean you have to stop doing your business, but that might mean you need to also have a job, or you may need to do something different,” Dixon shared. “I just think we’re going into a time of have and have-nots, and you don’t want to be on the side of the have-nots.” @afro.tech Honey Pot CEO Beatrice Dixon had everyone hooked as she shared business tips in light of Honey Pot’s $380 million acquisition. Keep your mind open and your notepads on deck📝 More to come AFROTECH Fam 🫶🏾 #blackintech #blacktechtok #TechEmpowerment #AFROTECH24 ♬ original sound – AfroTech In January, AFROTECH™ reported that...
