Small LGBTQ+ businesses contribute $1.7 trillion to the American economy each year, confirmed SCORE’s latest analysis. Additionally, the LGBTQ+ community holds an estimated purchasing power of $917 billion dollars in the US.
So during Pride Month, SCORE, mentors to America’s small businesses and a resource partner of the US Small Business Administration, is honuoring the 1.4 million LGBTQ+ entrepreneurs throughout the country.
“LGBTQ+ entrepreneurs play a vital role in the small business community,” said SCORE CEO Bridget Weston. “We want the LGBTQ+ community to know we are here to provide them with the tools and resources they need to excel when starting or growing their business.”
MENTORING SUPPORT
Sarah Scala, President and principal consultant of Sarah A Scala Consulting in Watertown, Massachusettes, for example, has utilised SCORE as a resource since the inception of her business 10 years ago. While she had been out to friends and family for a number of years, she came out publicly in 2021 to support and provide leadership coaching services to LGBTQ+ clientele. As part of her journey, Scala said she challenged herself each month to do something additional to promote that she provides LGBTQ+ services: “It has not been easy. However, I feel confident about this choice as I am supported by peers, mentors, clients and my network.” She said she is thankful for the continuous support of her mentors: “Each of my SCORE mentors has been exceptional with providing advice, support and a sounding ear.”
VITAL RESOURCES
Gavin Escolar, another owner of The Chaga Company in San Francisco, California, has also found great success and support with his SCORE mentor over the years. “SCORE has given my business tools, focus, courage and persistence which results in business success. My SCORE mentor Pete Slosberg is GOLD. He is hands-on with the direction of the company and has been on our side throughout this entrepreneurial journey.”
SCORE supports all entrepreneurs looking to start or grow their small business. Tools accessible via the website to support small business owners include 24/7 expert mentoring, resilience training and on-demand educational resources.
Next week’s WorkPride 2022, from myGwork, the largest LGBTQ+ business platform, will host advice and support from more than 325 speakers from around the world on LGBTQ+ inclusion matters, as well as opportunities for LGBTQ+ professionals both within organisations, as well as in the startup/entrepreneurial space. Click here to find out more.
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