Leadership Lessons: An Interview with Jill Johnson
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Show Overview:
Jill Johnson, founder of the Institute for Entrepreneurial Leadership (IFEL), discusses the importance of mindset, relationship capital, and the difference between small business ownership and entrepreneurship. She is all about supporting Black and Brown female founders and creating a bridge between entrepreneurs and capital.
About GFGF:
The Get Found Get Funded podcast is at the intersection of entrepreneurship and social justice where we focus on entrepreneurship as a possible path to wealth creation — specifically for Black and Latinx communities.
Featured Guest: Jill Johnson
Jill Johnson, Co-Founder and CEO, Institute for Entrepreneurial Leadership (IFEL)
LinkedIn: https://www.linkedin.com/in/smallbizexpert/
Website: https://www.weareifel.org/
Key Takeaways:
- There is a huge distinction between being a business owner and an entrepreneur – and it’s not just mindset
- Relationship Capital is our networks and who we know
- Extracting value from a business is where true wealth is made
- Being exposed to ideas is the first step to doing better
Timestamps:
01:10 Jill’s background.
06:26 Founding IFEL.
08:45 The importance of relationship capital.
15:45 The distinction between small business owner and entrepreneur.
20:26 An example of lack of exposure.
28:40 The making of a Black Angel.
38:44 On The Color of Law.
51:21 Building wealth in the Black community.
55:32 More on what IFEL does.
1:00:59 The importance of investing in the Black community (as opposed to donations.)
1:05:06 Black Excellence.
Items Mentioned in the Show:
Making of a Black Angel: https://makingblackangels.org/
Women of Color Connecting: https://www.woccon.org/woccon2021
The Color of Law (book): https://www.loyaltybookstores.com/book/9781631494536
Quotes from the Show:
- “That's really what we focus on with women of color connecting is how do we utilize the power of relationship capital, to help open doors for more women of color to be able to build wealth from their businesses.”
- “If you look at the black community, there is a lack of wealth that makes it very difficult for people to access personal savings because most of us don't have any, and friends and family, you know, it's again, knowing someone who can fork over $10,000 $20,000 to help you get your business started…”
- “People often talk about being a small business owner and being an entrepreneur as if the two are synonymous. I don't believe that they are.”
- “I don't know that it's as much about education as it is about exposure. I think that black and brown folks are really smart. We haven't had the exposure.”
- “What I hope to do is to light a spark and help people that may have the potential to go from that, you know, small business mindset or they just don't know any better. To create that entrepreneurship mindset, and in young people too, for them to have that entrepreneurship mindset so that they're really working, you know, to their full potential.”
