Celebrate Small Business

National Small Business Week is May 2 to May 8. I am here to support all of my fellow Business Owners. The number of people wanting to start their own business because of their dissatisfaction with corporate America grew 27% in 2020.

It is hard work, and it takes courage to make that leap in opening up a business. Being an entrepreneur and setting up a business is one thing. Sustaining it and making sure your numbers don’t fall in the red, however, is another ball game. But not all businesses are made equal and chances of turning a profit vary greatly from one type of business to another.

Cash flow, one of the most common problems in business, is the top challenge African American entrepreneurs are currently facing. Marketing and advertising and inadequate time management are also some of their main concerns. More than half of the new businesses started in the US over the past decade are minority-owned. 

I will be speaking with Andria Whalon from Comerica Bank on May 11th to go over traditional funding opportunities for business owners on Instagram at 7pm.

The latest entrepreneurial statistics show that in the past decade, as many as two million new businesses were launched in the United States. Of them, minority-owned companies make up more than half (SBC, 2020). Overall, figures show that there are up to four million firms in the US that are owned by minorities, and they generate a whopping $700 billion in sales every year. 

My May Lunch & Learn on May 21st will include a bilingual speaker for the Spanish-speaking business owners that need the financial tools to become a successful Entrepreneur. You can register for the webinar at amycobb.co.

If I can be of service to your organization, please schedule a Discover Call with me!