Off By 5

Mission

Minority Entrepreneurs and Business Owners now have a partner in surrounding their business with the professionals they need to grow by onboarding:

• Co-Founders
• Advisors, Investors & Board Members
• Professional Staff, Directors and Managers
• Professional Services Contractors

What We Found

• We recognized that Minority entrepreneurs and business owners do not hire professional services companies because they are not aware of what they need them for.
• We found that influencer platforms are taking advantage of small and medium sized businesses through the name of professional services for profits not impact.
• We found that Minority Owned Businesses do not have the internal infrastructure to hire and retain professionals for services such as accounting, legal, management, consulting, marketing, advertising, public relations, information technology, customer services, human resources, compliance, risk management etc.
• We found that minority owned businesses do not have company structures that include adequate oversight and governance to include investors, Co-Founders, advisors or board members. Operating without these key players hinders any business from its ability to scale and grow beyond the owner/founder's capacity.

The Facts

• 80% of Minority Owned Businesses Are Sole-Proprietorships
• 11% of Minority Owned Businesses Have Employees
• 70% of Minority Owned Businesses Operate Without Professional Services