This entrepreneur brought in $1 million in June—while building a network of anti-racist small businesses. (via CNBCMakeIt)
. But even in the most stable of economies, crossing the million-dollar mark would be a hard-won feat for a Black female entrepreneur, despite the fact that women are the driving force behind new businesses in America., women-owned businesses represented 42% of all businesses, nearly 13 million, in 2019. Women of color in particular are driving the boost, accounting for half of all women-owned businesses last year, and Black women make up the fastest-growing segment of new entrepreneurs.
While women are closing the gap in starting their own businesses, a host of systemic barriers means that many female entrepreneurs don't have access to investment to scale their operations and aren't able to generate as much revenue through their products and services. Roughlywhose Hello Seven is a nod to helping business owners reach that seven-figure status, is on her way to changing that dismal statistic, starting with herself.
As Rodgers worked with new clients, many women of color and business owners like herself, she realized the side conversations she had about running a successful business were more meaningful than drawing up legal documents. "I'd charge them to draw up contracts and register trademarks, meanwhile I'd give them business advice for free," Rodgers explains.
Over two years, Rodgers transitioned from her law practice to move full-time into business coaching. By 2017, Hello Seven launched with the mission to help women entrepreneurs scale their business from $100,000 to a million and more. "I wanted to teach women how to earn money without hustling all the time," Rodgers says. As a mother of four, she wanted to help other women gain financial stability without leaning into a hustle culture of overworking, oftentimes
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