Starting your own business can be a risky leap of faith, but the odds of success could improve with a network of support from other like-minded entrepreneurs.
About three years ago in New York, Mel Wright opened her own resale clothing store. She waited for the day it might finally turn a profit, but it never did.
“It got to the point where I was paying my rent and not paying my mortgage,” said Wright. She had to close the store. However, she learned from her experience and rebounded by earning a business degree through North Carolina Central University in Durham.
She began a tax business and searched for office space. That’s when she first saw an office vacancy on Hubert Street near downtown Raleigh. It inspired her to create a co-working space she called The Wright Village.
It’s a place where Black women entrepreneurs can collaborate with other like-minded business owners. Wright has seen encouraging signs of the need of her business model.