“A lot of companies want to embrace supplier diversity, but they do not know how,” said Velma Trayham, the founder and president of Millionaire Mastermind Academy. “Companies with supplier-diversity programs will have a stamp in ImpactAZ 2025. They will now have a pipeline of diverse suppliers that are ready to do business with them.”The Millionaire Mastermind Academy is the nonprofit connected to Trayham’s other business Thinkzilla Consulting.
She said if more small Black-owned businesses can become suppliers to large private and public entities, it leads to steadier work and the ability to grow from solopreneur operations to hiring a few employees. “Over the last several years I’ve been talking about the need for a small business ecosystem, true ecosystem that supports small business from beginning to end with a real metric for success” said Robin Reed, CEO of the Black Chamber. “Then I met Velma, who said, ‘Talk is not only cheap, but it is worthless. What are we going to do?’”
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