Podcast Episode Details
Back to Podcast Episodes
97% of Women Entrepreneurs FAIL Within 5 Years—Here's Why & How to Break the Cycle
Season 1 Episode 54
Discover why 97% of Black women-owned businesses fail within 5 years and how to break the cycle. Lynette from Women of Color in Business Podcast shares transformative strategies for building wealth while maintaining joy and health. Learn about compassionate accounting, money trauma healing, and why hustle culture is destroying Black women entrepreneurs.
In this powerful conversation, we explore:
✅ The hidden 97% failure rate of Black women-owned businesses
✅ How money trauma sabotages business growth
✅ Breaking generational cycles around wealth building
✅ Radical self-love as a business strategy
✅ Why "sleep when I'm dead" mentality leads to burnout
✅ Compassionate accounting for entrepreneurs
✅ Building sustainable businesses without sacrificing health
✅ Creating legacy wealth for the next generation Perfect for Black women entrepreneurs, solopreneurs, and anyone building a business while healing from trauma.
This isn't just business advice—it's a blueprint for thriving.
Chapters
00:00 - Introduction: The 97% Failure Rate Crisis
02:43 - Finding Your Purpose Through Podcasting
05:59 - The Power of Celebrating Your Wins
12:41 - The 97% Failure Statistic Revealed
18:21 - Building Teams vs Solo Grinding
24:01 - The Power of Black Women Community
32:01 - Confronting What's Holding You Back
37:17 - What is Radical Self-Love?
38:16 - The Cup-Filling Exercise
41:13 - The 90-Day Success Journal
44:31 - Daily Habits for Sustainable Growth
51:22 - Compassionate Accounting Explained
53:48 - Breaking Down Money Mindset Barriers
56:37 - The Myth of Not Discussing Money
01:00:23 - Final Words: You Deserve Joy, Health & Wealth
🎙️ Guest: Lynette, Host of Women of Color in Business Podcast
🌐 Connect: www.wocib.org
🔗 Get Empowered w/ L. Michael Burt https://stan.store/thethrivewelljourney
Be a guest on The Thrivewell Journey Podcast? Send L. Michael Burt a message on #PodMatch, https://www.podmatch.com/hostdetailpreview/thethrivewelljourney
#blackwomenentrepreneurs #womenofcolor #entrepreneurship #businessgrowth #radicalselfcare #blackwomenentrepreneurs #womenofcolor #entrepreneurship #blackbusiness #womenentrepreneurs #businessgrowth #solopreneur #blackexcellence #womenempowerment #entrepreneurmindset #businessstrategy #smallbusinessowner #blackgirlmagic #selfcare #radicalselfcare #burnoutprevention #mentalhealth #moneymindset #wealthbuilding #financialfreedom #blackwealth #legacybuilding #businesscoach #entrepreneurlife #womeninbusiness #blackownedbusiness #supportblackbusiness #entrepreneurship101 #businesstips #mindsetshift #hustlesmarter #worklifebalance #podcast #businesspodcast #blackpodcast #womenofcolorinbusiness #compassionateaccounting #moneytrauma #nervoussystemhealing #traumahealing #generationalwealth
Published on 1 week ago