Globally, companies struggle to raise funds to support their business operations. One Black founder is making it easy for companies to secure funding. Tiffany C. Wright is the founder of The Resourceful CEO, LLC which has helped tens of companies secure more than $47 million in funding.
The Resourceful CEO helps B2B companies restructure their operations and finances to generate stronger cash flow, higher profits, and greater freedom.
“My mission is to help entrepreneurs increase their net worth so that they can attain financial freedom and empower others to do the same. I do this primarily through business ownership and financial and business education,” said Wright.
Before funding The Resourceful CEO, Wright had helped companies obtain funding from a firm she worked for. She subsequently helped identify different funding options and matched the companies to them.
“What I noticed was that many small business owners who needed funding also often had operational and cash management issues that exacerbated their needs and made it harder to qualify,” said Wright. “That’s what ultimately led me to start The Resourceful CEO.”
According to Wright, she has over the years assisted companies obtain anywhere from $50,000 to $8 million in funding, with the median being in the $100,000 to $200,000 range.
“However, during the past year and a half, I saw the need to help more companies – such as solopreneurs, freelancers, and independent contractors – that were much smaller than those we serve access PPP and EIDL funds, so that minimum dropped to as low as $5,000! So this $47M milestone has been hard-fought!” said the business and finance author.
Her two books are The Funding Is Out There! Access the Cash You Need to Impact Your Business and Solving the Capital Equation: Financing Solutions for Small Businesses.
Wright is celebrating her success thus far and she is not resting. Her company is on a mission to “help companies strengthen their financial and operational infrastructure to build strong, sustainable, scalable, and salable businesses that work well without the founder.”