Our Annual Survey
The Afro Caribbean Business Network (ACBN) is committed to providing its membership with tangible benefits that enhance and empower Black entrepreneurs. We are reviewing the effectiveness of our current membership plan and we are seeking your feedback. Help us devise new initiatives and added benefits for our membership. This survey will take 3 minutes to complete and will go a long way in informing how we will improve our membership offerings!
Afro Caribbean Business NetworkAnnual Survey Results (2019)
Below, you can preview interactive charts showcasing the results of the 2019 annual survey. ACBN collected survey data from it’s members in 2019. ACBN sent out 3,000 survey and have 1,014 respondents.
Demographic Profile
%
of respondents are sole proprietors
%
of respondents identify themselves as female
%
of respondents are between 35-44 years old
%
of respondents have a Bachelor's Degree
%
of respondents make 100-149k
%
of respondents are of Caribbean descent
%
of respondents are sole proprietors
Stage of Business
%
Idea
Entrepreneur with idea; a solution in search of a problem
%
Discovery
Clearly articulated business concept. Pre-Revenue, Unregistered
%
Validation
A registered business solving a real problem for an identified market
%
Efficiency
Revenue Generating traction is receptive enough to build a business in
%
Scale
Establish business looking to expand. Accelerating revenue/customers
Industry Types
The survey highlighted the range of industries Black businesses participates in. Critical to note is the fact that Black businesses are missing from certain areas including science, IT and engineering..
How much funding needs to be raised?
The majority of entrepreneurs are trying to raise $5000-$50,000.