Have you patronized a sister-owned business? Do you have or want a side hustle? Share your thoughts in the comments below.
Business ownership may not be for everyone – but don’t tell that to Black women. Not only are we the queens of the side hustle, but we’re opening full-fledged businesses at a higher rate than any other group. And between 2019 and 2023 – despite the pandemic – our businesses saw revenues increase on average 32.7 percent compared to 12.1 percent among all women-owned businesses.
One reason we may be having such success is because we are creative about minding our dollars. Case in point: Many sisters have found success operating mobile businesses, where they can build up a clientele while keeping the overhead low.
A hard lesson I learned as a business owner is that I cannot please everyone and not everyone wants to see my business's success. It's important to surround myself with those who want to see my business thrive.
Mobile business owners have the luxury of growing only as fast as their market grows. For example, a caterer might host pop-up food sales events or have a food stand at a community fair to introduce her meals to customers, says Misti Buard, owner of a boutique marketing firm for food truck owners. “This allows people to become familiar with your brand,” she says. “Then they are happy to support you once you've purchased a food truck.” The same advice applies whether you start a mobile business for peddling pies, grooming dogs or styling hair. These three sisters are finding that strategy to be a recipe for success.
Leslie Allicks, The Tea Experience
theteaexperienceny.com
The back story: Her father would always say, “No meal is complete without a cup of tea.” Allicks learned from him that she comes from a family of tea drinkers. “It was during these conversations that the light bulb went on for me—the realization that I wanted to pay homage to my dad and my familial connection to tea!” Her business will bring a variety of teas to your door, or create tea-themed events for your guests.
Where she operates: New York, New Jersey, Connecticut
Business’s growth: The business has made a modest profit since 2020; she currently brings in six-figures in revenue.