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Categories
Feminist Practices

When the Obstacle Becomes the Way

Hermine Mbondo, founder of B4brand, a bilingual branding and marketing agency in Toronto. Photo provided.

Storytelling transformed Hermine Mbondo’s life and continues to shape her work to this day. 

Born in Cameroon into the Bassa tribe and raised in France, Mbondo now lives in Toronto. She fondly remembers her childhood and all the stories she heard when she visited her grandmother’s village. Back then, every night Mbondo would gather with all of the other kids in the family to listen to stories told by her grandmother and her aunts. 

But these stories were not ordinary fairy tales.

“When you are a child, you don’t realise [right away]. But then slowly, you realise the stories were not just fairy tales,” Mbondo says. “It was really about either warning us about things or teaching us about something.” 

One of the stories Mbondo remembers vividly is a different interpretation of the story of the tortoise and the hare.

In Mbondo’s version, the hare tells the tortoise that both of them should kill their mothers because there was a poor harvest and everyone in the village is going hungry. The hare says they can use their mothers for a feast. The tortoise is tricked by the hare and kills its mother, but the hare does not. 

Mbondo says the moral of this story is to choose your friends wisely and be careful about who you trust. She says the stories she heard as a child, while sometimes scary, were always meaningful and were meant to teach life lessons.

Flash forward many years and Mbondo is now sharing her own meaningful stories through B4brand — a branding and marketing agency she founded in Toronto in 2017. 

An Accidental Marketing Agency 

Like many women entrepreneurs, Mbondo didn’t start out thinking she wanted to be a business owner someday. Within a few months of job hunting after moving to Canada in 2016, she realized that as a newcomer, landing a job and pay cheque that matched her level of experience was going to be impossible. 

“I was still able to do a lot of things but it wasn’t at the level of what I was doing — or earning — in France. I was the head of marketing there,” she says. “[Work I was hired for in Canada] wasn’t challenging enough. There was nothing to justify [staying] — plus I didn’t have the same kind of salary. After a year, I was starting to think, ‘What can I do next?’” 

Around the same time, a company that Mbondo had worked for back in France asked if she would be interested in moving back to lead their marketing department.

But Mbondo didn’t want to move back to France. She knew the job being offered to her would return her to the same position of working for someone else, on their terms, with no room for growth. By this time, she knew she wanted to call the shots and work “with” the company instead of “for” it. Pitching the idea of being an independent contractor led to her landing her first client as a solepreneur. They worked out an arrangement that allowed Mbondo to have more autonomy in her work, and in late 2017, she officially launched B4brand, which now operates as an incorporated marketing agency. 

Marketing with Purpose 

In a competitive industry like brand management, B4brand stands out in three distinct ways: 1) it focuses on people-driven branding, 2) it has the capacity to work seamlessly in both of Canada’s official languages, and 3) it makes innovative use of Bassa storytelling culture. 

Mbondo says that while all three aspects of her enterprise are important, the emphasis on people-driven stories is the foundation that grounds her and her business. Engaging with clients whose values align with her own has led her to work with brands that focus on the needs of people rather than the features or benefits of a given product. 

“I’ve seen different things in marketing — I’ve seen the good, the bad, and the ugly. Marketing can be used to trick consumers into purchasing products or services. I wanted to do things differently,” she says. 

Mbondo wants consumers to connect with brands that align with their own ethics and principles so that ideally, they make purchasing decisions based on shared values. 

“I talk with the business owners, get to know them, and try to understand not just what they’re doing, but why they are doing it,” she says, “because for me, it’s very important to understand the ‘why.’” The conversations are litmus tests that help her choose brands that, in her words, truly “have a greater purpose.” 

For example, when an opportunity came her way to work with an entrepreneur who was looking to launch a new line of spices from Western Cameroon, Mbondo first researched to find out if they operated in an ethical manner. She sealed the deal after learning the company was paying their employees fair wages and creating a safe working environment for women in western Cameroon.

Through her work, Mbondo wants to challenge the idea that industries like brand marketing can only be made more inclusive by hiring diverse employees. While this is important, she says it limits the possibilities of human resources. What she wants to see instead is an emphasis on the diversity of products and services as well as the diversity of people. The international spices are an example of this because they bring “diversity to the shelves” of mainstream grocery stores. While the spices have not yet been launched officially, another client of Mbondo recently launched. 

“I think for me, the way I see diversity and inclusion is in the everyday things, and food is part of that [when] we go grocery shopping.” 

Passion Projects Helping Build Community

Another passion project of Mbondo’s is the Global Impact Hub — a one-stop learning hub for social entrepreneurs to connect, educate and amplify diverse voices.

Mbondo has partnered with several organizations over the past few years to provide bilingual entrepreneurship training to fellow entrepreneurs and small business owners. During the COVID-19 global pandemic, she found that many such organizations didn’t have the tools, resources, or knowledge to transition online. 

Mbondo explains, “[Entrepreneurs and small business owners] usually wear many hats and they are overwhelmed. Sometimes, all they need is the little push, especially since the road to running a successful business while making a difference can feel difficult and lonely. So, I decided to support them by offering a place to develop supportive relationships with fellow game-changers as well as access marketing tools and resources.”

The Global Impact Hub aims to combat this overwhelm by creating space for entrepreneurs to work it out together. 

“Through this membership-based online platform, social entrepreneurs will be able to sharpen up their marketing skills from anywhere and at any time through valuable content [like] marketing resources, tools, workshops and meaningful ways of connecting.”

B4Brand's Global Impact Hub.
B4Brand's Global Impact Hub.

Finding Community Through Shared Experiences 

As a newcomer and female entrepreneur, Mbondo’s participation in startup business development and accelerator programs played an important role in helping her build B4Brand. 

After starting the enterprise on her own, she learned valuable resource management skills in a program for newcomers to Canada called the Newcomers Entrepreneurship Hub alongside others who were also starting their own businesses. The Fifth Wave feminist accelerator program for women in digital media, operated by the Canadian Film Centre’s MediaLab, showed her how to hire and manage independent contractors whose values aligned with her own on a per project basis. Today, she has the structures in place to contract like-minded freelance graphic designers and copywriters to create campaigns that everyone feels good about. 

Three years into running her own business, Mbondo says that financing growth continues to be a struggle. Growth accelerator programs however, have helped her to connect with other business owners and funders who make her feel less alone and boost her confidence, helping her to keep going even when things are difficult.

“Everybody’s going through the same struggle — on different levels, obviously, but we’re going through the same things so it gives some reassurance to be like, ‘Okay, I’m not the only one,’” Mbondo says. 

Marketing at its core is a form of storytelling. What motivates Mbondo to show up for work every day is the opportunity to combine her love of people-driven stories rooted in culture, history and tradition with the personal values she shares with her clients.  

“I still love stories. I also learned that as an independent business founder, you can be choosy about the clients you work with and I’m supporting causes with my work,” Mbondo says. “I somehow managed to do well by doing what I love and wanted to do as a child.”

Last year, Mbondo was listed as one of Canada’s Top 100 Black Women to Watch in Canada. 

This year? B4brand is a finalist for the 2021 Toronto Star Readers’ Choice Awards in the Best Advertising/Marketing Agency category. Voting continues until Sept. 19, 2021.


Publishers Note: B4brand is a part of the Fifth Wave, a year-round program offered by CFC Media Lab and its partners to support the growth and development of women entrepreneurs in the digital media sector in southern Ontario. All enterprise founders in the Fifth Wave community are selected for both their potential and commitment toward weaving intersectional feminist ideals of equity and fairness into sustainable and scalable business growth strategies. Fifth Wave Initiative is committed to 30% participation by members of underrepresented groups. The Fifth Wave is a LiisBeth Media partner and ally. Applications are OPEN! Apply here

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Categories
Feminist Practices

Reimagining Our Financial Future

Shannon Pestun. Photo provided.

Shannon Pestun followed her own advice when she started her financial literacy training business: Know yourself. Figure out why you’re doing it. Who could you partner with? 

“The system is always telling women to fix themselves,” Pestun says. “But we’re making it about her first and foremost and what her goals are, and then building the company around that.”

The Finance Cafe is an Alberta-based incorporated for profit social enterprise that was formed because its two female founders understand firsthand the barriers that women entrepreneurs face, primarily around financial literacy and confidence. 

The Path to Entrepreneurship 

Pestun spent the formative part of her youth working in her parents office furniture company. She and her younger brother spent summers cleaning and doing accounts receivables for the family business in Alberta, Canada. 

She also grew up around horses and loved spending time at her extended relatives’ farms. In her first job she worked for free mucking stalls in exchange for riding the horses.

She fell in love with the animals and went on to become a competitive show jumper. 

Riding provided her with a sense of comfort and freedom and trust that is present to this day. 

“A horse will know how I’m feeling before I do,” she says.

Shannon Pestun with her horse, circa 1981. Photo provided.

But the outgoing, horseback-riding girl turned inward after she was sexually assaulted in her teens. Pestun dropped out of high school and ended up working two minimum wage jobs just to keep a roof over her head. There were times she had four hours of sleep between her shift selling hot dogs at a nightclub (while underage) and being a sales clerk at a Merle Norman cosmetics store. 

“I know what it’s like to be at the poverty line. I understand what it’s like to live in fear of finances.” 

Fierce tenacity and the generosity of others — like the Merle Norman shop owner and the guy at the night club who allowed her to work underage — enabled Pestun to get her life back on track. 

Pestun eventually went back to high school then on to college and university where she got a degree in management.

She landed a marketing job at ATB, a financial institution with a focus on small business owners. Before she became ATB’s first Director of Women’s Entrepreneurship, she jumped at the opportunity to become a lender even though she had little experience in finance. 

Her tenacity returned and Pestun taught herself how to be a banker after hours by going through finance and business rules to understand what the lending business was all about. Soon, a pattern emerged. She had no female clients. Where were all the women? 

Pestun took to social media under the alias @agirlsbizbanker to have conversations and learn why women weren’t coming to ATB, or anywhere else, for financing. 

“The banking system was never designed with women in mind,” she says. It was impossible to ignore the financial industry was not effectively serving women and systemic barriers were being upheld. 

As an advocate for women in business, Pestun is a mentor for Fifth Wave, Canada’s first feminist accelerator program for women in digital media.

Pestun knew of Shauna Frederick because they were both on the Board of Directors for Women’s Entrepreneurship Day Organization (WEDO). When Frederick, a respected chartered professional accountant (CPA) invited her to lunch in 2020, Pestun knew she’d found someone who shared her passion for supporting women entrepreneurs. 

The two finance pros knew that confidence and financial know-how impacts women’s emotional connection to their businesses. Together they realized their combined knowledge could help women overcome these challenges of confidence by creating a hub for business financial literacy. The two women holed up in a Canmore hotel room for a weekend in the fall of 2020 to hash out the details of new business. 

The duo officially launched the Finance Cafe in 2021.

Confidence is Key  

Pestun and Frederick teamed up to change the narrative about how women talk about money. They wanted to create a place where women could ask all their financial questions without being judged or feeling berated. How am I going to earn money from this? Will it be enough so I can pay myself a living wage? I don’t want to have investors or take out big loans. How else can I finance my business? 

“We have a very gendered focus on the curriculum,” says Pestun. “We’re aiming to make financial literacy not feel judgmental when it’s being led by two women, particularly an accountant and a former banker.”

A 2020 report by Scotiabank’s Women Initiative found that, “women business owners are 56 per cent  more likely to be ranked as ‘below average’ in financial knowledge than counterpart men business owners.” They are also less confident about their knowledge of small business finance. The full report — Financial Knowledge & Financial Confidence – Closing Gender Gaps in Financing Canadian Small Businesses — indicated that closing gender gaps in small business financial knowledge, financial confidence and financing will further women’s economic security. 

The report also revealed that fewer women are applying for loans, but when they do apply, they get funding. 

Among study participants, 7 per cent  of women and 11 per cent of men had applied for a business loan in the 12 months leading up to the survey. However, among loan applicants, 88 per cent of women and 77 per cent  of men had their loan applications approved. 

Why don’t more women apply for loans? Financial literacy is a factor. 

For women about to put their savings on the line for a business, adding a loan can be scary. Knowing when a loan makes sense, what type of loan to apply for and basic loan terms is something training in financial literacy can help with. 

Women face additional barriers than men in terms of starting their businesses as well. This includes accessing social capital and political power to impact policy that would assist in unlocking potential opportunities. Male-centered entrepreneur narratives and stereotypes are another huge barrier for women entrepreneurs. 

One of The Finance Cafe’s goals is to help women understand the current mindset, system and how to wrangle it to meet their authentic needs. Things like being told that you need to make a certain amount of money to be successful. 

“Screw that,” says Pestun. “We want to give women the confidence to say I’m doing this on my terms and this is enough. Let’s quit treating women like they need to build  massive corporations. Because who wants to enter entrepreneurship with that being the guiding principle?”

To make the course as accessible to as many women as possible, the seven-module online program is priced purposely low at a one time payment of CAD$379 + GST or four payments of CAD$99 + GST. The program includes access to the course for a year, video tutorials, quizzes, worksheets and priority support. There’s even a free financial literacy quiz you can take to test your knowledge.

The lived experience between the two financial gurus is priceless. 

“We see some of the mistakes women entrepreneurs make and we share our own stories about mistakes we’ve made,” Pestun says. “We know the importance of role models for women so it’s about information, mentorship, capacity building, all those wraparound services.”

The New Return on Investment (ROI) 

But what if success was measured not only in terms of profit? What if it was about physical wellbeing, mental health and safety? What about environmental impact or community impact? How could we measure the stronger family aspects of your enterprise? 

Pestun is a proud Métis woman who credits her grandmother, a Métis elder in Manitoba in the 1930s, with learning about resilience and resourcefulness. As farmers, her grandparents lived off the land. They valued family and community and were always willing to share what they had. Pestun’s ideas for the future mean revisiting the past. 

“When we think about Indigenous communities and how they functioned, I think the principles are changing now. We’re seeing women entrepreneurs starting micro-sized businesses or working together to form co-ops.”

Greater accountability and different measurements of value are starting to happen with organizations like B-corporation and the rise of ESG reporting. Environmental, social and governance (ESG) is at the forefront for many organizations, even though the idea has been around for decades. 

Gro Harlem Bundtlund, Norway’s first female prime minister and Chair of the World Commission of Environment and Development (known as the Brundtland Commission), put sustainable development on the international agenda with the Commission’s landmark report, Our Common Future

Leslie Kern is a Canadian scholar, geographer and author focused on feminist cities, city-building and reimagining home and family

Guillermo (Gil) Penalosa is founder and chair of the non-profit organization 8 80 Cities and is the first ambassador of the World Urban Parks with a mission to create safe and happy cities that prioritize people’s wellbeing. 

Kate Raworth has been talking about doughnut economics for years. Accountability and social impact is being addressed in the finance community with Leanne Keddie’s research on sustainable accounting.

But profit is still a driver for banks. We live in a capitalist society and by its nature, capitalism is not inclusive. 

“If you look at the financial system or angel investors, venture capitalists or lenders, they all want to see how profitable the company is–or will be,” Pestun says. 

So what will it take for change to happen? 

A revised definition of success? Redefining value? More data to prove that women entrepreneurs are profitable? Agreeing that a micro-sized business can have major impact?  

Want Different Metrics? Ask Different Questions

Lenders use the traditional five C’s of credit to gauge the creditworthiness of potential borrowers. The five C’s are: character (read: credit history), capacity (debt-to-income ratio), capital (how much money you have), collateral (assets that act as security for a loan) and conditions (purpose and amount of the loan, prevailing interest rates). 

But what if the five C’s aligned more with values and purpose over financials. We need money, yes, but what if there was greater emphasis on why the enterprise was being created?

What if the business was going to create a healthier neighbourhood, or safer schools, or increase the overall wellbeing of a population? What if a product or service provided food, shelter or educational outcomes? What if a business was about art and creativity that was measured in community impact? 

What if it was a different system altogether?

Flash Forward 20 Years 

It’s 2041. Rural Alberta. Shannon Pestun is 65 years old. She is out riding her horse on the property she shares with six other women and their partners. A billion people died from the novel Ceasariovirus (CEASE-55) that swept the globe in 2032. Water is scarce in many regions. Border patrol is enforced. Global trade has come to a halt. There is life on Mars.

Two thousand kilometres away, in Tkaranto (formerly Toronto), purposepreneur Lee Ladybug puts the finishing touches on their info kit for the CEVO (Care Economy Virtual Office) where Pestun is an advisory board member. The bi-monthly review is in 24 hours. Applicants are judged blindly and most are approved and given a purposepreneur lender grant (PLG). 

Racialized barriers don’t exist. Capitalism is no longer toxic. There is no stereotyping. 

Lee Ladybug is one third of Insectifit, an enterprise that produces protein beverages from locusts. They have crowdsourced production of their test product, Beetlejuice, that won best new beverage at the Canadian Natural Exhibition (CNE). Predictive modelling shows that if Beetlejuice is distributed to learning centres and care hospices across the country, Insectifit will be able to create 100 PLGs to give back to CEVO. Their products are sold on a subscription-based model, sliding scale. Insectifit is made up of three sub-companies: Bug Out, the farming collective that grows and harvests the insects in an ethical manner; Venus Source, an electric energy enterprise that packages and ships the product; and Spidey Sense Marketing who promote the wellness, environmental and social stability benefits of Insectifit. 

Pestun arrives at the stable and watches the sunset. She dismounts the horse and lands on solid ground with her riding boots.

She loves what she does. 

She is grateful to have the opportunity to give back and to use her life experiences to pay it forward to the next generation. The Gifting Circle Bursary for Indigenous Women in Entrepreneurship at Mount Royal University that she started just celebrated its 20th anniversary. Pestun is honoured and thrilled there are now thirty-two other similar bursaries associated at post-secondary institutions across Canada. 

She reflects on The Finance Cafe and how it has grown into the hub for girls and women across the country and beyond. The original vision came to fruition.  

She thinks back to her fortieth birthday, twenty-five years ago, when she gave herself the gift of riding again. She remembers how her best ideas came to her when she was out riding. Solutions arrived when she was galloping in the field with the wind on her face, the sound of hooves on the soil, deeply connected to the natural world.

Pestun strokes the horse’s neck then lets it run free into the field.


Publishers Note: The Fifth Wave is a year-round program offered by CFC Media Lab and its partners to support the growth and development of women entrepreneurs in the digital media sector in southern Ontario. All enterprise founders in the Fifth Wave community are selected for both their potential and commitment toward weaving intersectional feminist ideals of equity and fairness into sustainable and scalable business growth strategies. Fifth Wave Initiative is committed to 30% participation by members of underrepresented groups. The Fifth Wave is a LiisBeth Media partner and ally. Apply here.

Related Reading

Categories
Our Voices

This Queer Recovery

What do LGBTQ2+ businesses contribute to Canada? How many are there and what do they do? What challenges do they face? 

Nobody knew, until Canada’s LGBT+ Chambers of Commerce (CGLCC) conducted the first ever survey of the queer entrepreneurship  landscape in 2019.

The survey found that Canada’s 28,000 LGBTQ2+ owned businesses generate more than $22 billion in economic activity and employ around  435,000 Canadians. 

Yet, they face unique and significant challenges, and according to the chief-operating officer of the CGLCC, Dale McDermont (he/him), were hit “not just differently but harder” by the pandemic.

When COVID-19 hit Canada, many queer business owners found little to no targeted support for LGBTQ2+ businesses, primarily as a result of their size .  Most LGBTQ2+ enterprises fall into the micro category, which are businesses that have less than four waged people working within or less than $40, 000 in non deferrable expenses. 

This results in a disproportionate impact on their businesses, including a significant number of closures. 

Who is Looking Out for Queer Canadian Businesses?

The CGLCC’s survey, done in partnership with Deloitte and soon to be released, found that one in four respondents said their LGBTQ2+ ownership resulted in loss of business due to their identity; one in three indicated that on at least one occasion they hid that they are LGBTQ2+ owned to protect themselves against potential losses. 

Nine months into the pandemic, and for the first time ever, Canada’s 2021 budget declared LGBTQ2+ businesses as one of the diverse communities that will benefit from the $100 million targeted for the Small Business and Entrepreneurship Fund. Previously diverse communities included Indigenous, Black, and women-owned businesses. 

This was good news for the CGLCC, which was founded in 2003 and has the data that demonstrates that LGBTQ2+ businesses are a “really sizable part of the economy.” 

McDermont says they can “highlight the struggles and advocate for the community” as Canada prepares for its post-pandemic recovery, but the targeted funds are crucial. Often minority groups “fall through the cracks” with general funding, but the CGLCC is striving to ensure that this much needed finance is delivered to the LGBTQ2+ community “as quickly as possible.”

The funds to assist LGBTQ2+ businesses have been allocated, although details of how it will be distributed and to whom have yet to be released. 

For queer businesses who were struggling with funding and support even before the pandemic, this has meant getting creative with how they do business.   

When Small is Too Small

Kaela Malozewski (left) and her fiancée, Steph La Posta. Photo via Common People’s Instagram

Before the pandemic hit, Common People  was not only a general store featuring crafts by small makers, but a “community space where folks could gather for workshops, fundraisers, and events.” hosted every month, co-owner Kaela Malozewski (she/her) told LiisBeth. Malozewski and her fiancée, Steph La Posta (she/her), launched their Toronto-based store in late 2017. 

Malozewski said they consider themselves a micro business, though the government sees them as a small business — and this compounded the challenges they faced during the pandemic.

Malozewski and La Posta received less than $600 in rent support from the Ontario Government and did not qualify for any other supports due to the discrepancy between micro and small businesses. For instance, they did not meet certain criteria  —such as having a payroll of over $50,000 a year. Even at their busiest, they had only one employee in addition to themselves. 

“Community is Everything” poster via Common People’s website. For sale online.

Kaela said the whole process trying to get support was “disappointing and very frustrating” and they “felt like [they] weren’t being acknowledged or heard” by the government that was meant to be helping them. In December 2020, Common People closed their brick-and-mortar shop in Parkdale and moved online, where they will remain for the foreseeable future. 

Though the co-owners and fiancées say the pandemic has been exhausting, the community they built pre-pandemic has supported them “from the start with their encouragement, purchases, and messages of love and support.”

Pandemic Sex Play

Kira Gregory (she/her) founded Toronto-based Shop Fleure just before the pandemic hit and was also unable to qualify for any relief grants. 

The queer-friendly online space sells luxury lifestyle products and intimate sex toys to help individuals “explore their inner sensualities and embrace their true selves by way of pleasure.” 

Gregory says she would have “[loved] to see more support specifically for LGBTQ2+ small businesses such as programs or grants that specifically apply to this community.” Though the pandemic has kept Shop Fleure “in the shadows” due to advertisers filtering or hiding anything that “remotely covers topics of sexual health, pleasure, or sex work” and many small businesses  —including Shop Fleure — struggle to get started due to this inability to post advertisements. 

Self-care became a much-discussed topic as the world stayed in their homes, so Gregory found the plus side to her industry was that “the world of self-love and pleasure has been in the spotlight during lockdown,” even though, as the owner of a self-love business, Gregory struggled. Without a large team, the work fell into her lap, and it took a toll on her mental health. 

Where the government and media platforms disappointed her, however, Gregory’s community provided tremendous support, which has been heartwarming and better than anticipated. 

For now, Gregory said she is taking it one day at a time, remaining hopeful, and taking rests and breaks when needed.

A Queer Village, Online

Pax Santos, founder of QT Mag. Photo provided.

McDermont told LiisBeth that “unique challenges require unique solutions.”

Pax Santos (she/her) started a non-profit business during the pandemic when she felt the void of queer spaces and missed the connection she found there. 

Disappearing queer spaces have been a growing concern among the community and many LGBTQ2+ people found themselves uniquely isolated. 

Santos founded QT, the Queer Toronto Literary Magazine, to elevate and celebrate queer voices in Canada and recreate the physical community spaces that had wilted during lockdown online. 

Queer bars, cafes, restaurants, sports leagues, and cultural activities take on an oversize importance in the queer community as places to find and meet friends, form family, nurture voices and identity. 

When Pax looked for government support to launch her non-profit, she said there was nothing. 

Yet, QT found its digital footing to create the sense of a shared space when a physical one was not possible and grew to a nine-person volunteer team and a thriving community readership. 

Since QT is a fledgling business, they rely on volunteers and donations; while memberships are $20, QT believes “finances should never be a barrier to community engagement” and offers a no-questions-asked sliding scale. 

The priority is community.

Community for Recovery

As Canada moves into the recovery stage, queer businesses continue to struggle. While financial support from the government has been announced, it’s unclear how the support will be distributed and to whom. It’s also unclear if the support will continue and for how long. 

The CGLCC’s message during this time is clear: to encourage the government to move forward supporting LGBTQ2+ businesses, and in particular micro businesses, like Common People and Shop Fleure, as well as startup ventures which launched in response to the distinctive challenges of the pandemic. 

With targeted recovery support, the LGBTQ economy has at least a fair shot of making a comeback at the same pace as the rest of the economy, especially with the strength of the community behind them.

McDermont says that LGBTQ2+ businesses are a safe space where queer people often find safety and support in their community, and it is through these shared experiences that LGBTQ2+ businesses will overcome the challenges of the pandemic and reach the potential they dream to achieve.

“As we look at diverse communities, entrepreneurship and creating businesses, what we need to focus on is supporting entrepreneurship in diverse communities and overcoming these unique challenges are the stories we need to hear.”

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