DIFFvelopment profit or nonprofit
DIFFvelopment, the nonprofit that aims to re-empower people of African descent through culturally specific entrepreneurial and financial programs, has announced that multi-disciplined entrepreneur Monique Greenwood will be serving as this year’s resident business concept “DIFF Advisor” for DIFFvelopment’s 2020 Consultreprenuership program. This furthers the organization’s mission of educating black youth in the areas of socioeconomic barriers, financial literacy, generational wealth, philanthropy and successful black business ownership from experts who have accomplished it.
Through the 10-week Consultrepreneurship, black college students develop a business concept with the support of DIFFvelopment and an entrepreneurial expert, gain practical entrepreneurial experience through a consulting practicum, and learn the fundamentals of entrepreneurship and finances from a black perspective through weekly seminars and guest entrepreneur lectures. The program begins with an intense week of orientation dedicated to reviewing the role of African people within the history of world economics.
Monique’s trailblazing career spans two decades of magazine publishing culminating in her becoming Editor and Chief of Essence from 1995-2001. Her award-winning Akwaaba Bed and Breakfast Inns has expanded into a multi-million dollar business across five cities, and she is a two-time winner of New York City’s Small Business of the Year award. In 2016, Monique was appointed as Howard University’s inaugural John H. Johnson Endowed Chair of Entrepreneurship, and in 2017 Akwaaba Bed & Breakfast Inns became the focus of OWN’s reality show Checked Inn, which documents how Monique has grown it into one of the most successful lodging businesses on the East Coast.
As DIFFvelopment’s resident 2020 Consultrepreneurship DIFF Advisor, Monique Greenwood will be tapping into her entrepreneurial experience and expertise to guide 13 Consultrepreneurs through the process of putting together a solid business concept that inherently builds wealth and fosters broader entrepreneurship within a notable element of the global black community. In addition to providing students with intellectual guidance, Monique will play a powerful role in shaping each student’s entrepreneurial development and professional future.
Through DIFFvelopment programming, over 600 black college students have been empowered to understand the possibilities of entrepreneurship as a viable career option, the steps involved in creating generational wealth, and how to prepare and execute a fully fleshed-out community-minded business concept. Previous graduates have left the program continuing to develop and expand their business, and once the 2020 Consultrepreneurs graduate on August 14th, there will be 33 Consultrepreneurship alums.
DIFFvelopment is a 501(c)(3) tax-exempt nonprofit organization with the mission of “Re-empowering people of African descent one student at a time.” It fulfills its mission by addressing the lack of black generational wealth through culturally specific entrepreneurial and financial programs that empower college students of African descent to overcome socioeconomic barriers and build generational wealth.