Eighty percent of businesses fail before year five, and less than 4% of Black women entrepreneurs make it to the million-dollar mark. Here's how we can change that.
. That number goes down to 0.2% when looking at women of color, and basically 0% for Black women.”
Dellinger says it’s statistics like these that inspire her to support other Black women entrepreneurs in the journey towards the million-dollar mark.
The conference is the kind of thing Dellinger wouldn’t have even been able to imagine in her youth. The success and financial security she knows today was not something she grew up with. “[At home], there weren’t conversations about careers, ambition, women ‘making it.’ They were just trying to survive day-to-day, paycheck-to-paycheck. It was very hard where we grew up.” For Dellinger, her past is both a reminder of why she works as hard as she does and an incentive to empower other Black women.
For those who didn’t get the chance to attend the inaugural Black Girls Making Millions Academy, I recently spoke with Dellinger who shared six tips for Black female entrepreneurs ready to take their businesses across the million-dollar threshold. Social media has made ‘keeping up with the Joneses’ a bigger problem than ever, and Dellinger notes that consumption-driven thinking is a stumbling block for aspiring millionaires.
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