A Black woman hits glass ceiling then breaks ground as her own boss
Among the estimated 11.6 million women-owned businesses in the United States, only 4.2 percent have $1 million or more in annual revenue. For the roughly 2.7 million businesses owned by Black women, only about 1 percent have annual revenue of $1 million or more.Brooks credits her mother for showing her what real determination looks like. Back in 1930s, when Brooks’s mother was 13, she grew tired of picking cotton on a farm where she lived with her grandmother, in Holly Springs, Miss.
Her mother married, had two daughters — Brooks and a sister two years younger. Her parents divorced soon after.“My drive to succeed comes from watching my mother hold down two full-time jobs while renting out a room in our house to make ends meet,” Brooks said. “In the evening before bedtime, she’d read the newspaper with us, this divorced woman with a grade school education, instilling in her two girls a belief that with education and hard work, we could accomplish anything in life.
After 18 years as a television reporter and producer in four different national markets, Brooks concluded that she had hit a “glass ceiling” and would not rise above the job she held. In a report by the Federal Reserve Bank of Kansas City, a group of Black women told researchers they had started their own businesses “because of poor treatment and feeling undervalued in the workplace.”They also shared Brooks’s desire to create jobs and opportunities for others.
“Even among firms with good credit, businesses owned by Black Americans were half as likely as businesses owned by White Americans to receive all the financing they required , said“Academic research suggests that persistent structural social and economic inequality have contributed to discouragement and disillusionment among minority business owners and that this has fundamentally impacted Black Americans entrepreneurial behavior,” the study said.“For me, I found power in my pain,” she said.
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