Good morning,
The life of an entrepreneur can be a solitary one. That's especially true for Black entrepreneurs: In the U.S., 95 percent of Black business owners are sole proprietors, according to data from the U.S. Census Bureau. Many of these businesses start as side hustles, but others eventually grow to fully fledged enterprises, bringing in six figures or more of revenue.
Of course, plenty of sole proprietors do quite well, too. Are you trying to go at it alone? Read on for how three Black women founders built successful businesses as solopreneurs.
What I Wish I Knew: 3 Black Women Solopreneurs Share Their Advice for Starting a Business Alone.
Running a company as the sole proprietor comes with unique challenges and some hidden benefits. CLICK LINK BELOW TO READ ARTICLE:
Small Business Progress Loan (aofund.org) The Small Business Progress Loan¹ from nonprofit lender Accion Opportunity Fund is here to connect Black entrepreneurs like you with loan opportunities ranging from $5,000 – $100,000 that have fair and transparent terms.
To qualify for this loan opportunity, you and your business must meet the following eligibility criteria:* - 12+ months in business
- $50K+ in annual sales
- 20%+ ownership
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