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"Some may have the goal of running a business forever, or just like every individual in their career, may want to try new things and pivot," says Angelina Darrisaw, a career coach and diversity expert. "Black business owners should have the capability of doing that as well."

The choice to sell a business is seldom made on the fly, according to Darrisaw, who says that "one of the main things in any business course, or even as you're writing your business plan, that a founder will be asked to consider is what is their exit strategy?"

"For founders like Monique, having exits is important for the long term … being able to have a wider pool of high net worth individuals who can support, help fundraise, and invest in other businesses so that we're not seeing these bleak statistics anymore, like less than 1% being able to secure $1 million in investments. So successful Black founders need exits to be able to pour capital back into our communities over time."

Prior to the announcement of the P&G Beauty acquisition, Mielle Organics went viral after a white influencer, Alix Earle, encouraged her followers to buy the brand's Rosemary Mint Oil. As a result, the product flew off of shelves nationwide, making it hard to access for Black women who relied on it.

Rodriguez's exit as owner will not only "accelerate" the brand's access for more Black women, but Mielle and P&G both pledged $10 million to expand the impact of the Mielle Cares charity, which provides education, economic opportunities and business relief for Black communities.

Rodriguez urges people to celebrate Black founders who achieve these milestones, instead of tearing them down.

"We can't get ahead as a community if we continue to talk badly against people that make wise, strategic decisions to grow their business and to create generational wealth in their communities. So I think we need to just normalize partnerships. We need to normalize these collaborations, and congratulate these brands for doing things and selling up to create wealth and to reach back and help Black community."

Check out:

39-year-old self-made millionaire: 'Success isn't owned, it's rented. And rent is due every day'


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