Ep. 143 - The Investment Gap: Coaching, Culture, and Women of Color Entrepreneurs

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A Tall Glass of Sass

Mollie Lo

153 episodes

16 hours ago

Hey babe! I'm Mollie, your host. I'm here to bring you a tall glass of sass every week! On this podcast, we'll talk about everything from career & business elevation to the power of self-identity. My goal is to empower and inspire you to reach new heights in your business, career, confidence, and mindset. We'll have real and honest conversations about what it takes to be authentic and confident in today's world. I'll be your guide on this journey to unleashing your worthiness and living your best life. So come join me and let's get started on this sassy and empowering journey together!

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Self-Improvement

Education

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Ep. 143 - The Investment Gap: Coaching, Culture, and Women of Color Entrepreneurs

A Tall Glass of Sass

30 minutes 35 seconds

4 weeks ago

Ep. 143 - The Investment Gap: Coaching, Culture, and Women of Color Entrepreneurs

Why does women of color, first gen entrepreneurs struggle with investing in themselves? I'm diving into this vulnerably and transparently with you.

Here's what I'm covering:

Wells Fargo: Between 2019 and 2024, the revenue growth of Asian women-owned businesses was 20.6%, which lagged behind the revenue growth of all women-owned businesses (38.3%) and Asian men-owned businesses (24.8%).
Women in Business Stats: Revenue Trends for Women of Color: Black women-owned businesses average $24,000 annually. Latina-owned businesses are also reported to generate lower revenues compared to non-Hispanic white women-owned businesses.
Systemic Barriers: Generational wealth gap
Lack of Diversity: We need a coach that looks like us and can empathize with us.
First Gen Barriers: Lack of networks and mentors, culturally conditioned to be risk averse and generational trauma the perpetuates scarcity mindset
Luxury vs. Necessity

Thank you for listening in as I share my experiences with you. I'd love to hear how this episode landed with you as well. Send me a message on LinkedIn.