October is “National Women in Small Business” month. As a woman-of-color who has been in a small business partnership as an executive recruiter for approximately 25 years, I am really excited about the statistics indicating that Black female-owned businesses are the fastest growing economic force in the U.S. As of 2017 African-American women owned 19% of all women owned businesses. Shawntera Hardy and Camille Thomas did an outstanding job last year showcasing several Black women entrepreneurs here in the Twin Cities, with launching their first publication of Fearless Commerce magazine. They will be hosting a reception for the second class of Fearless Commerce magazine awardees this week.
Having your own business can be very rewarding. But it can also be very challenging, and it doesn’t matter whether you have been in business for a few months, years, or even decades. I think the key to overcoming obstacles and being successful is simply “staying power.” So if you are dreaming about starting your own business learn this about yourself: what will be your drivers that will motivate you to stick with it. It will take you a long way on the road to entrepreneurship.