This is how I’m feeling right now! If you want your life to change you have to change it yourself. Don’t expect anyone to change it for you. Get up and change it yourself! If you want to see a financial increase your life then do what it takes to get that increase….even if it means taking a second job or change your career to bring up your income until your change comes. Keep that that job with that unfair supervisor and work your side hustle until your side hustle becomes your Full Time Entrepreneurial Venture. If that’s what it takes to follow your passion Just Do IT! Take a chance for change. How bad do you want it? Enough to keep at it or are you throwing in the towel? Remember…..QUITTERS NEVER WIN!
When it comes to entrepreneurship, this about sums it definitely. You definitely have to give it your all. You have to give entrepreneurship your mind, your emotions and depending what your business is, you may have to put some muscle into it too! But guess what? You have what it takes and it’s all right there inside of you. I know you have a family, a demanding 9-5, naysayers, non believers and haters…….and so do I, but again, you have what it takes and it’s right there inside of you and it’s going to take every morsel of you to succeed. So just do it! Lets make it happen! I got you!
Black Women Business Owners Outpace All Other Startups Six Times National Average
Betting on black women to grow America’s economy
Black women are the fastest-growing entrepreneurs in the nation, starting businesses at six times the national average.
Despite such numbers, African American female entrepreneurs start their ventures with less funding then men. They also receive less money from private investors. In 2014, 36% of startups pitching to angels were women-led and 15% of these secured funding, while 24% of firms presenting were minority-led and of these 16% received angel investment, according to the Center for Venture Research at the University of New Hampshire.
In addition to access to capital, access to influential networks and mentors are challenges facing women entrepreneurs in growing their businesses.
“One of the most remarkable entrepreneurial trends in recent years is the phenomenal growth among black women. The number of firms skyrocketed. And employment and receipts are increasing too, but not nearly at the same rate. There’s a lot more to this story, and we’re excited to explore these important questions,” stated Amanda Brown, executive director, National Women’s Business Council.
BY THE NUMBERS
30% of all U.S. businesses women now own
14% of all U.S. businesses controlled by black women
9.4 M Total number of firms owned by women
1.3 M Total number of firms owned by black women
297,500 Workers employed by black women-owned firms
$52.6 B Revenues generated by black women-owned firms
Source: The 2015 State of Women Owned Businesses Report
I hope you enjoyed this article by Black Enterprise Magazine. The number’s are adding up for Women Entrepreneurs, specifically for African American Women entrepreneurs.
Cheryl Smith, CEO MillionHeir Mom, Dream It, Believe It, Live It!
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Happy New Year! It’s time to rock and roll! It’s time to get the business up and running again!